比特幣已飆升至104,300美元，確認了上升趨勢並加強了看漲的前景

比特幣已經飆升至104,300美元，證實了上升趨勢並加強了許多分析師預計2025年的看漲前景。

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獅子和球員的足球價格有些柔和。每個arcu lorem，超級兒童或ullamcorper的足球仇恨。

Bitcoin price has surged to $104,300, confirming the uptrend and bullish outlook that many analysts predicted for 2025. This move places BTC deep into range-highs territory, with the next major challenge now clearly in sight: the all-time high at $109,000. The market’s strength comes on the back of strong technical performance and increasingly optimistic sentiment, as BTC continues to lead the crypto rally and altcoins follow suit.

比特幣的價格已飆升至104,300美元，這證實了許多分析師預測2025年的上升趨勢和看法。這一舉動將BTC深入到範圍高的領土上，現在明顯地看到了下一個重大挑戰：歷史上的高點為109,000美元。由於BTC繼續領導加密拉力賽和Altcoins效仿，因此市場的實力是在強大的技術表現和越來越樂觀的情感之後。

On-chain data from CryptoQuant sheds light on the evolving dynamics among large Bitcoin holders, adding another layer to the bullish narrative. One striking metric showcases the yawning gap between the Realized Price of ‘new’ whales entering the market and ‘old’ whales who accumulated earlier.

來自加密素養的鍊鍊數據闡明了大型比特幣持有人不斷發展的動態，從而在看漲的敘述中增加了另一層。一個引人注目的度量標準展示了進入市場的“新鯨魚的實現價格”與早些時候積累的“老”鯨魚之間的打哈欠差距。

According to on-chain expert Axel Adler’s analysis, this difference now stands at $59.7K. To put it in perspective, new, large-scale buyers are entering the market at an average price of $91.9K, while the basis for old whales stands at $32.2K.

根據鍊鍊專家阿克塞爾·阿德勒（Axel Adler）的分析，這種差異現在為59.7萬美元。從角度來看，新的大型買家的平均價格為91.9k美元，而舊鯨魚的基礎則為32.2萬美元。

This disparity translates to a staggering 185% relative spread to the long-term holder (LTH) basis, highlighting a massive divergence in price perception and the stage of the cycle at which these two categories of whales joined the market.

這種差異轉化為長期持有人（LTH）的驚人的185％的相對分佈，強調了價格知覺的巨大差異以及這兩類鯨魚加入市場的周期的階段。

The implication of this divergence is significant. It signals that a new wave of high-conviction buyers is entering the market at significantly elevated prices. Unlike the more cautious whale accumulation observed during previous cycle lows, where smaller amounts were accumulated at lower prices, this phase reflects strong belief in continued upside, even at premium levels. It’s a clear indication that institutional FOMO may be incrementally kicking in.

這種差異的含義是顯著的。它表明，新浪的高定罪買家以顯著上漲的價格進入市場。與以前的周期低點觀察到的較謹慎的鯨魚積累不同，以較低的價格積累了較小的鯨魚，這階段反映了對持續上升空間的強烈信念，即使在高級水平下也是如此。顯然，機構FOMO可能會逐步發揮作用。

Bitcoin Faces Resistance At $104K As Whale Activity Signals Growing FOMO

隨著鯨魚活動信號的增長，比特幣的抵抗力為$ 104K

Bitcoin is currently encountering resistance around the $104,000 mark—a level that may take some time to break as it represents a critical barrier before entering price discovery above the all-time high, which is now at $109,000. The recent rally has shown remarkable strength, but as BTC consolidates just below its ATH, some selling pressure is to be expected. A successful breakout could lead to a swift surge beyond $109K; however, failure to do so may result in short-term consolidation or retracement.

比特幣目前遇到的阻力約為104,000美元，這一水平可能需要一些時間才能打破，因為它代表了一個關鍵的障礙，然後才能進入價格高於歷史最高高點的價格，現在為109,000美元。最近的集會表現出了顯著的力量，但是隨著BTC在其ATH以下的合併，預計會有一些銷售壓力。成功的突破可能會導致迅速增長超過10.9萬美元。但是，如果不這樣做可能會導致短期合併或回縮。

Top analyst Axel Adler shared key on-chain insights on X that highlight the evolving psychology of Bitcoin’s largest holders. According to Adler, the absolute difference between the Realized Price of new whales ($91.9K) and old whales ($32.2K) is $59.7K, representing a 185% relative spread to the long-term holder (LTH) basis. This sharp divergence reveals that new “whales” are entering the market at nearly three times the price of early entrants.

頂級分析師阿克塞爾·阿德勒（Axel Adler）在X上分享了關鍵的鏈洞見解，該見解突出了比特幣最大持有人不斷發展的心理。根據阿德勒的說法，新鯨（$ 91.9k）和舊鯨魚（32.2k美元）的實現價格之間的絕對差額為59.7萬美元，代表長期持有人（LTH）基礎的相對差異185％。這種尖銳的差異表明，新的“鯨魚”的價格是早期參賽者價格的近三倍。

In comparison, the same spread in November 2022 was only 62%, indicating more cautious accumulation near the market bottom. The current surge to 185% reflects increasing confidence and FOMO, with large buyers willing to accumulate even at elevated prices. For context, during the 2021 cycle peak at $63K, the spread widened to 437%.

相比之下，2022年11月的同一利差僅為62％，表明在市場底部附近的積累更加謹慎。目前的激增至185％反映出信心和FOMO的日益增加，大型買家願意以提高價格積累。在上下文中，在2021週期的高峰期為$ 63K，利差擴大到437％。

This trend suggests that the market is entering a more aggressive accumulation phase, where belief in higher prices is driving demand despite the premium. If bulls manage to absorb the resistance around $104K, it could mark the start of a parabolic move—fueled not just by momentum, but by conviction from both retail and institutional players betting on a new Bitcoin all-time high.

這種趨勢表明，市場正在進入一個更具侵略性的積累階段，儘管溢價，但對價格較高的信念仍在推動需求。如果公牛設法吸收了約104,000美元的抵抗力，它可能標誌著拋物線拋棄行動的開始 - 不僅是勢頭，而且還通過零售和機構球員的信念，押注了新的比特幣歷史最高水平。

BTC Price Analysis: Key Levels To Watch

BTC價格分析：觀看的關鍵水平

Bitcoin is trading around $103,000 after reaching a high of $104,300 earlier today. The 4-hour chart shows BTC facing resistance at the $103,600 level, which aligns with a key supply zone from late December 2024 and early January 2025. This area acted as a previous rejection point during the last major rally and is now being tested again.

比特幣在今天早些時候達到104,300美元的高點後，交易約103,000美元。 4小時的圖表顯示，BTC在103,600美元的水平上面臨阻力，從2024年12月下旬和2025年1月上旬開始，它與關鍵供應區保持一致。該區域在上一次重大集會期間作為先前的拒絕點，現在再次進行測試。

BTC’s recent surge from the $87K–$90K consolidation zone has been aggressive, breaking above both the 200 EMA and 200 SMA (currently at $91,806 and $89,400, respectively) with strong volume. This confirms bullish strength and trend continuation, suggesting that buyers are still in control. However, the current range between $103K and $104K is historically significant, and bulls may

BTC最近從87,000美元到90k美元的合併區的激增一直是積極進取的，其量強勁，超過200 EMA和200 SMA（目前分別為91,806美元和89,400美元）。這證實了看漲的力量和趨勢的延續，表明買家仍在控制中。但是，目前的範圍在$ 103K到$ 104K之間是重要的，公牛可能