比特幣接近阻力？ Stablecoin比率表明短期風險

根據鏈上分析公司Alphractal的最新分析，Stablecoin比率渠道正在閃爍其第一個對比特幣的短期警告

On-chain analytics firm Alphractal has spotted the first short-term warning from the Stablecoin Ratio Channel in months, even as long-term indicators remain supportive of the broader Bitcoin uptrend.

在幾個月內，鏈上分析公司的字母符號已經發現了穩定性比率渠道的第一個短期警告，即使長期指標仍然支持更廣泛的比特幣上幣上升趨勢。

This key metric tracks how capital is flowing between stablecoins and Bitcoin, offering powerful insight into market sentiment and liquidity dynamics.

該關鍵指標跟踪了穩定幣和比特幣之間的資本如何流動，從而對市場情緒和流動性動態提供了強有力的見解。

Short-Term Risk Builds Around $113K–$114K

短期風險建造約113k至11.4k美元

As noted by Alphractal, the short-term Stablecoin Ratio has entered a higher-risk zone, which historically precedes local tops or temporary pullbacks. This warning comes just as Bitcoin tests the $113,000–$114,000 resistance area, a level that could prompt increased rotations from BTC into stablecoins as traders take profits.

正如Alphractal所指出的那樣，短期穩定比率進入了一個高風險區，歷史上是當地上衣或臨時回調之前的。此警告也出現在比特幣測試113,000美元至114,000美元的電阻區域一樣，當交易者獲得利潤時，該水平可能會促使從BTC向Stablecoins增加輪換。

A higher stablecoin ratio generally means more investors are shifting funds out of BTC, hinting at potential price pressure.

較高的穩定比率通常意味著更多的投資者將資金從BTC轉移到了BTC之外，暗示了潛在的價格壓力。

Long-Term Trend Remains Bullish

長期趨勢仍然看漲

However, while the short-term view suggests some caution, the long-term Stablecoin Ratio Channel tells a different story. The metric is currently midway through its historical cycle, a zone that has often acted as temporary resistance during past bull markets — not as the final top.

但是，儘管短期觀點暗示了一定的謹慎，但長期的穩定比率渠道講述了一個不同的故事。該指標目前正處於其歷史週期的中途，該區域在過去的牛市中經常充當暫時的抵抗，而不是最終的頂級。

According to Alphractal, in bull phases, this mid-range typically leads to healthy corrections followed by continuation. However, in bear markets, it has previously served as a distribution zone before extended declines. Right now, the long-term signal suggests Bitcoin still has room to grow — but with some volatility likely in the near term.

根據α型，在公牛階段，這種中距離通常會導致健康的校正，然後進行延續。但是，在熊市中，它以前曾在擴展下降之前用作分銷區。目前，長期信號表明比特幣仍然有生長的空間 - 但在短期內可能有些波動。

Key Developments Poised to Influence the Crypto Market in the Next Days

有望在接下來的幾天影響加密市場的主要發展

Conclusion

結論

In the short term, BTC may face resistance near $113K due to increasing stablecoin ratio pressures. But from a macro perspective, the bull cycle could still have legs, depending on how liquidity flows evolve. According to Alphractal, a brief correction may be necessary — but not terminal — as BTC continues to build toward its next leg higher.

在短期內，由於穩定​​比率的增加，BTC可能會面臨接近113K美元的電阻。但是從宏觀的角度來看，公牛循環仍然可能有腿，具體取決於流動性的發展方式。根據Alphractal的說法，由於BTC繼續向下一個腿建立，可能需要進行簡短的校正（但不是終端）。