CryptoQuant 表示，比特幣漲勢仍然完好：下一步是什麼？

CryptoQuant 的分析表明，比特幣的漲勢遠未結束，關鍵指標沒有顯示價格見頂的跡象。牛市能否持續？

Bitcoin Rally Still Intact, Says CryptoQuant: What's Next?

CryptoQuant 表示，比特幣漲勢仍然完好：下一步是什麼？

Bitcoin's been on a tear, hitting new all-time highs, and everyone's wondering if it's time to cash out or HODL on. CryptoQuant says the rally is still intact, with no signs of a price peak yet. Here's the lowdown.

比特幣一直在飆升，創下歷史新高，每個人都在想，是時候兌現還是繼續持有。 CryptoQuant 表示，漲勢仍然完好，尚未出現價格見頂的跡象。這是內幕。

CryptoQuant's Take: No Peak in Sight

CryptoQuant 的看法：看不到峰值

According to CryptoQuant, the Bitcoin Net Realized Profit/Loss indicator is still at moderate levels. This metric tracks whether investors are selling their Bitcoin at a net profit or loss. The current value is significant but lower than the January 2025 top, which itself was lower than the October 2021 high from the previous cycle. This suggests there's still room to run.

根據 CryptoQuant 的數據，比特幣淨已實現損益指標仍處於中等水平。該指標追踪投資者是否以淨利潤或虧損出售比特幣。當前值很重要，但低於 2025 年 1 月的頂部，而該頂部本身又低於上一周期的 2021 年 10 月的高點。這表明仍有運行空間。

Key Indicators Supporting the Rally

支持反彈的關鍵指標

CryptoQuant points to rising spot demand for Bitcoin since July, growing whale holdings, and increasing ETF inflows as factors supporting the rally. U.S.-listed spot Bitcoin ETFs purchased a significant amount of BTC in Q4 2024, and this trend could continue. Additionally, Bitcoin recently surpassed the "trader’s on-chain realized price," a key indicator for shifting back into a bull market phase.

CryptoQuant 指出，自 7 月以來，比特幣現貨需求不斷上升，鯨魚持有量不斷增加，ETF 資金流入不斷增加，這些都是支撐比特幣上漲的因素。美國上市的現貨比特幣 ETF 在 2024 年第四季度購買了大量比特幣，而且這一趨勢可能會持續下去。此外，比特幣最近超過了“交易者的鏈上實現價格”，這是重返牛市階段的關鍵指標。

XRP and the Altcoin Surge

XRP 和山寨幣激增

Bitcoin's surge has also boosted confidence in the altcoin market, with analysts predicting a rally for XRP and other tokens. The launch of the Rex-Osprey XRP ETF (XRPR) has further fueled market sentiment, with impressive trading volumes on its debut day. The approval of generic listing standards for crypto ETFs by the SEC could pave the way for a spot XRP ETF, bringing more institutional players to the Ripple ecosystem.

比特幣的飆升也提振了人們對山寨幣市場的信心，分析師預測 XRP 和其他代幣將會上漲。 Rex-Osprey XRP ETF (XRPR) 的推出進一步刺激了市場情緒，首日交易量令人印象深刻。美國 SEC 批准加密 ETF 通用上市標準可能為現貨 XRP ETF 鋪平道路，為 Ripple 生態系統帶來更多機構參與者。

Other Factors at Play

其他因素在起作用

Institutional demand for Bitcoin has been increasing, with companies like MetaPlanet adding to their Bitcoin stock. This demand, coupled with positive regulatory developments, could lead to a bullish Q4 2025. AI-powered trading tools like DeepSnitch AI are also gaining traction, providing retail traders with actionable insights to compete with whales.

機構對比特幣的需求一直在增加，MetaPlanet 等公司增加了比特幣庫存。這種需求，加上積極的監管發展，可能會導致 2025 年第四季度的牛市。像 DeepSnitch AI 這樣的人工智能驅動的交易工具也越來越受歡迎，為零售交易者提供了與鯨魚競爭的可行見解。

Looking Ahead

展望未來

While CryptoQuant's analysis suggests the Bitcoin rally is intact, it's important to remember that the cryptocurrency market is volatile and unpredictable. Other firms have also made bold price predictions for Bitcoin, with some forecasting a price of $200,000 or even $500,000 by the end of 2028.

雖然 CryptoQuant 的分析表明比特幣漲勢完好無損，但重要的是要記住，加密貨幣市場是不穩定且不可預測的。其他公司也對比特幣做出了大膽的價格預測，一些公司預測到 2028 年底價格將達到 20 萬美元甚至 50 萬美元。

The Bottom Line

底線

So, is the Bitcoin rally sustainable? According to CryptoQuant, the indicators suggest it is. But as always, do your own research, invest wisely, and buckle up for the ride. After all, in the world of crypto, anything can happen!

那麼，比特幣的漲勢是否可持續？根據 CryptoQuant 的說法，指標表明確實如此。但與往常一樣，請自行研究，明智投資，並係好安全帶。畢竟，在加密世界中，任何事情都有可能發生！