比特幣集會觀看：鍊鍊數據暗示了看漲的動力

比特幣的調情以12萬美元的鏈接數據顯示，鏈接數據顯示了新的買家信心和收緊供應，為潛在的Q4集會奠定了基礎。

Bitcoin Rally Watch: On-Chain Data Hints at Bullish Momentum

比特幣集會觀看：鍊鍊數據暗示了看漲的動力

Bitcoin's been doing the tango near $116,000, and whispers of a potential breakout are getting louder. Let's dive into what the on-chain data is telling us.

比特幣一直在探戈（Tango）近116,000美元，潛在突破的耳語越來越大。讓我們深入了解鏈上數據告訴我們的內容。

Buyer Dominance: Binance Metrics Paint a Bullish Picture

買方的主導地位：二手指標畫一張看漲的圖片

One indicator that's got analysts buzzing is Binance's Taker Buy-Sell Ratio. Since September 10th, it's been consistently above 1.0, signaling that buyers are eager to snag Bitcoin, even at higher prices. Analyst Burak Kesmeci points out it's been hovering near 1.04. This suggests underlying demand is alive and well. Historically, we've seen local tops when this ratio gets closer to 1.15, so there might still be some room to run before things get too heated.

Binance的Taker買賣比率是分析師嗡嗡作響的一個指標。自9月10日以來，它一直始終超過1.0，即使以較高的價格，買家也渴望搶購比特幣。分析師Burak Kesmeci指出，它一直徘徊在1.04附近。這表明潛在的需求還活得很好。從歷史上看，當這個比率接近1.15時，我們已經看到當地上衣，因此在事情變得太熱之前可能仍然有一些跑步的空間。

Confidence is Back: Accumulation Mode Activated

置信恢復：激活積累模式

The consistency of this positive ratio? It's being interpreted as a sign of renewed confidence among traders. Instead of cashing out, folks seem to be accumulating, which is typical behavior during momentum-driven rallies. Whales are back in the accumulation game, and exchange reserves are dwindling. That spells tighter supply, which could amplify price swings if demand hangs in there.

這個積極比率的一致性？它被解釋為交易者之間有信心的標誌。人們似乎沒有兌現，而是積累了積累，這是勢頭驅動的集會期間的典型行為。鯨魚又回到了積累遊戲中，而交換儲量正在減少。這會使供應更緊密，如果需求懸掛在那裡，這可能會擴大價格波動。

Miners Holding Strong, Scarcity Intensifies

礦工持有強烈的稀缺性加劇

Remember those miner flows to Binance back in early September? They've cooled off. Miners seem to be holding or selling over-the-counter, rather than flooding the exchanges. This shift is helping to keep downside risks in check. The Stock-to-Flow (S2F) ratio has also jumped, reinforcing Bitcoin's scarcity narrative. A rising S2F ratio, coupled with those reduced miner flows, could fuel renewed demand.

還記得那些礦工在9月初流向Binance嗎？他們冷卻了。礦工似乎在舉行或出售非處方，而不是淹沒交流。這種轉變有助於控制下行風險。股票與流量（S2F）的比率也躍升，增強了比特幣的稀缺敘事。 S2F比率上升，再加上那些減少的礦工流量，可能會促進需求的新需求。

Funding Rates: Not Too Hot, Not Too Cold

資金率：不太熱，不要太冷

Funding rates in the futures markets are positive, but they've cooled off from previous peaks. That's a good thing! Overheated funding rates can lead to sharp corrections. The current environment feels more balanced, allowing spot demand to have a greater influence on market direction.

期貨市場的資金率是積極的，但是它們已經從先前的高峰中降低了。那是一件好事！過熱的資金率會導致急劇校正。當前的環境感覺更加平衡，從而使現場需求對市場方向產生更大的影響。

Potential Targets: $123K and Beyond?

潛在目標：$ 123K及以後？

Bitcoin's bounced off that crucial $110K support zone, signaling firm footing. If buyers can defend the $110K–$112K zone and maintain momentum, a breakout toward $123K is on the cards. And if the bullish demand persists? We might just see a run toward $140K.

比特幣的彈奏至關重要的$ 11萬美元支撐區，信號公司的地位。如果買家可以為$ 11萬美元 - $ 112K的區域捍衛並保持動力，那麼卡在卡上的突破就會出現。如果看漲的需求仍然存在？我們可能只會看到14萬美元的價格。

Q4: Historically Volatile, Potentially Exciting

問題4：歷史上波動，可能令人興奮

The final quarter of the year has historically been crypto's wild west. With Bitcoin consolidating near $116K and sentiment leaning bullish, all eyes are on whether this sets the stage for a run at resistance levels we haven't seen since early summer.

從歷史上看，今年的最後一個季度是加密貨幣的狂野西部。隨著比特幣的合併接近11.6萬美元，情緒傾斜了看漲，所有的目光都集中在這是否使我們自夏季以來一直沒有見過的電阻水平啟動舞台。

Final Thoughts: Buckle Up!

最終想法：搭扣！

For now, Bitcoin's in consolidation mode, but on-chain signals suggest momentum's quietly building. Will it be a sprint or a marathon? Only time will tell, but one thing's for sure: it's gonna be an interesting ride. Keep your eyes peeled and your wits about you, folks! Who knows? Maybe we'll all be sipping Mai Tais on a yacht paid for in Bitcoin before the year is out!

就目前而言，比特幣處於合併模式，但鏈信號表明勢頭安靜地建造。是短跑還是馬拉松？只有時間會說明，但是可以肯定的是：這將是一個有趣的旅程。伙計們，讓您的眼睛剝皮和智慧！誰知道？也許我們所有人都會在一年中付出的一輛比特幣的遊艇上ip飲Mai Tais！