比特幣價格集會再次捕獲頭條新聞

比特幣價格集會再次佔領了頭條新聞，因為BTC損失了94,000美元，從而在加密貨幣市場上引起了興奮。

The Bitcoin (BTC) price rally is again capturing headlines as BTC breaks past $94,000, generating excitement across crypto markets. Traders are watching closely, with the $95K level acting as the next big test for bullish momentum.

比特幣（BTC）的價格集會再次佔據了頭條新聞，因為BTC損失了94,000美元，引起了加密貨幣市場的興奮。貿易商正在密切關注，95,000美元的水平是對看漲勢頭的下一個重大考驗。

However, beneath the surface, the rally may not be as solid as it seems. Despite recent gains, analysts caution that the surge is primarily fueled by derivatives. ETF (exchange-traded fund) flows rather than organic demand. As Bitcoin price dominates charts, the lack of on-chain activity raises serious sustainability questions for the coming weeks.

但是，在表面下，集會可能不像看起來那樣堅固。儘管最近有所收穫，但分析人士警告說，激增主要是由衍生物助長的。 ETF（交換基金）流動而不是有機需求。隨著比特幣價格在圖表中占主導地位，缺乏鍊鍊活動會在接下來的幾週內引起嚴重的可持續性問題。

Bitcoin Price Rally Fueled By Derivatives, Not Demand

比特幣價格集會是由衍生產品推動的，而不是需求

"Network activity is a ghost town. New participants are minimal, and if we look at crypto exchange volume, it's also low. The only high volume is in BTC futures on Binance and FTX, and on-chain analysis shows no new demand.

“網絡活動是一個幽靈小鎮。新參與者很少，如果我們查看加密貨幣交換量，它也很低。唯一的高量是BTC的Binance和Binance和FTX，並且鏈上分析沒有新的需求。

Indeed, if we look at the CryptoQuant Network Activity Index, it’s clear that there’s no new demand coming into the Bitcoin network despite the recent price surge. The BTC price is still supported, but without rising on-chain engagement, even strong Bitcoin price support levels may be vulnerable to reversals. Investors should be aware of this and prepare accordingly.

確實，如果我們看一下加密的網絡活動指數，很明顯，儘管價格上漲，但比特幣網絡沒有新的需求。 BTC價格仍然得到支持，但是沒有上升的鏈上參與度，即使是強大的比特幣價格支持水平也可能遭受逆轉的影響。投資者應該意識到這一點，並做出相應的準備。

Chart 1: Bitcoin: CryptoQuant Network Activity Index, published on TradingView, April 26, 2025

圖1：比特幣：加密網絡活動指數，在TradingView上發布，2025年4月26日

The crypto market has seen some interesting developments recently, with BTC price now testing the $95K resistance.

加密市場最近看到了一些有趣的發展，BTC價格現在測試了95,000美元的電阻。

Bitcoin price bullish trend faces critical resistance

比特幣價格看漲趨勢面臨關鍵抵抗

The BTC price rally is now pressing against the $95,000 resistance, a key level that could define the short-term trend. Bitcoin price support at $90K has held firm, allowing bulls to regain confidence and aim for new highs. However, on-chain metrics tell a different story.

BTC價格集會現在正反對95,000美元的電阻，這是一個可以定義短期趨勢的關鍵水平。比特幣的價格支持為$ 90K，已保持公司，使公牛能夠重新獲得信心並瞄準新的高點。但是，鏈界指標講述了一個不同的故事。

We’re seeing limited wallet activity and fewer new participants entering the network. This divergence between price and fundamentals raises a vital question: Can the Bitcoin rally hold without real demand?

我們看到錢包活動有限，進入網絡的新參與者更少。價格和基本面之間的這種差異提出了一個至關重要的問題：比特幣集會可以在沒有真正需求的情況下舉行嗎？

Chart 2: BTC/USD live price, published on TradingView, April 26, 2025

圖2：BTC/USD Live Price，於2025年4月26日在TradingView上發布

The BTC bullish trend is critical. A breakout above $95K could trigger a push toward $100K. But without real traction on-chain, the sustainability of this move is questionable. The Bitcoin price rally needs more than just institutional leverage; it requires consistent user growth.

BTC看漲趨勢至關重要。超過$ 95K的突破可能會觸發$ 10萬美元的推動力。但是，如果沒有真正的鏈接鏈，這一舉動的可持續性是值得懷疑的。比特幣價格集會不僅需要機構的槓桿作用。它需要一致的用戶增長。

BTC Consolidates: Traders Brace For Next Big Move

BTC合併：交易者支撐下一個大舉動

BTC price watchers are closely following the world’s biggest cryptocurrency as it consolidates around $93K. While the broader market sentiment remains positive, the foundation of the recent Bitcoin price rally is coming under scrutiny.

BTC價格觀察者緊隨世界上最大的加密貨幣，因為它鞏固了$ 93K。儘管更廣泛的市場情緒仍然是積極的，但最近的比特幣價格集會的基礎受到了審查。

The bullish trend will ultimately depend on broader macroeconomic stability and the emergence of sustained demand. However, with geopolitical tensions escalating and on-chain metrics indicating a lack of new users, the Bitcoin price could face significant headwinds in the days ahead.

看漲的趨勢最終將取決於更廣泛的宏觀經濟穩定性和持續需求的出現。但是，隨著地緣政治緊張局勢不斷升級和鏈上指標表明缺乏新用戶，比特幣價格可能會在未來的日子麵臨巨大的逆風。

Traders will be monitoring BTC price action for signs of the next big move. A breakout above $95K could propel the cryptocurrency toward the $100K mark. Conversely, failure to sustain support at $90K might lead to a deeper correction, puncturing bullish hopes.

交易者將監視BTC價格行動，以了解下一個大舉動的跡象。超過$ 95K的突破可能會推動加密貨幣達到10萬美元的成績。相反，未能以9萬美元的價格維持支持可能會導致更深入的更正，刺破看漲的希望。