經過將近一年的長期持有人活動，比特幣（BTC）60天硬幣

經過將近一年的長期持有人活動，比特幣的60天硬幣日被摧毀（CDD）已返回基線

Bitcoin (BTC) price hovered just below the crucial $96K resistance zone on Thursday, amid a sharp decline in 7-day Netflow.

比特幣（BTC）的價格徘徊在周四至關重要的9.6萬美元阻力區以下，因為7天的Netflow急劇下降。

At press time, BTC was trading at $95,167.74, showing a 0.45% rise over the last 24 hours.

發稿時，BTC的交易價格為95,167.74美元，在過去24小時內增長了0.45％。

Bitcoin price action shows signs of a potential breakout or breakdown

比特幣的價格動作顯示了潛在的突破或崩潰的跡象

As the broader cryptocurrency market entered a phase of sideways trading, BTC also showed signs of a breakout or breakdown as it continues to consolidate below the key resistance at $96K.

隨著更廣泛的加密貨幣市場進入側向交易的階段，BTC還顯示出突破或崩潰的跡象，因為它繼續鞏固了低於$ 96K的關鍵阻力。

The Bollinger Bands had begun to squeeze together, which signaled that a sudden increase in price volatility could be forthcoming.

布林樂隊已經開始擠壓，這表明，價格波動的突然上升可能即將到來。

The RSI was also heating up as it moved into the overbought zone at 66.60.

當RSI遷移到66.60的過失區域時，RSI也正在加熱。

Taking support levels into account, if the bulls manage to break above the next resistance at $99K and sustain the move, it could open the door for a rally towards the $100K psychological barrier.

考慮到支持水平，如果公牛設法以9.9萬美元的價格超越了下一個抵抗力並維持此舉，它可能會為1萬美元的心理障礙打開大門。

However, if the price action shows a decisive close below the support levels of $92.7K and $89.5K, it might indicate further consolidation.

但是，如果價格行動顯示出低於$ 92.7K和89.5萬美元的支持水平的決定性近距離，則可能表明進一步合併。

Bitcoin price analysis: Whales appear to be less active as 7-day Netflow plunges

比特幣價格分析：鯨魚似乎不那麼活躍，因為7天的NetFlow暴跌

The 7-day Netflow experienced a substantial drop, plummeting by –619.31%. This sharp decrease in outflows signaled a potential shift in whale behavior from selling to holding or accumulating.

7天的Netflow經歷了大幅下降，下降了–619.31％。流出的這種急劇下降表明，鯨魚行為從銷售到儲存或積累的潛在轉變。

Moreover, the timing aligned with the recent report by blockchain analytics firm, IntoTheBlock, which highlighted a cooldown in long-term holder activity.

此外，與區塊鏈分析公司Intotheblock最近的報告保持一致，該報告強調了長期持有人活動中的冷卻時間。

As such, the drop in netflows further reinforced the narrative of reduced selling pressure and increasing supply stability in the market.

因此，Netfrows的下降進一步加強了銷售壓力減輕和增加市場供應穩定性的敘述。

On the other hand, Bitcoin’s MVRV Ratio had rebounded to 126.73% at press time, after reaching lows near 83% in early April.

另一方面，在4月初達到了近83％的低點，比特幣的MVRV比率已在發稿時反彈至126.73％。

This sharp recovery indicated that most holders were now in profit territory, which often led to increased sell-side pressure.

這種急劇的複蘇表明，大多數持有人現在都處於利潤領域，這通常會導致賣方壓力增加。

However, the current MVRV level was not extreme compared to historical peaks, suggesting there was still headroom before entering euphoria zones.

但是，與歷史山峰相比，當前的MVRV水平並不是極端的，這表明在進入欣快感區之前仍然有淨空。

Therefore, while caution was warranted, the profitability bounce should not yet be interpreted as an imminent reversal signal.

因此，儘管有必要謹慎，但盈利能力反彈不應被解釋為即將逆轉信號。

On-chain valuation models present a mixed picture

鏈估值模型帶來了混合圖片

The NVT Golden Cross dropped by –75.03%, which implied that Bitcoin was relatively undervalued based on transaction activity.

NVT黃金十字架下降了–75.03％，這意味著比特幣基於交易活動被相對低估。

Meanwhile, the Puell Multiple sat at 1.08, which signaled that issuance was slightly elevated but not alarming.

同時，Puell多次坐在1.08處，這表明發行略有升高，但並不令人震驚。

Together, these signals painted a picture of valuation equilibrium—not stretched, but still offering some room for upward movement.

這些信號共同描繪了估值平衡的圖片，而不是伸展，但仍提供一些向上移動的空間。

Bitcoin social buzz is heating up as retail traders show interest in BTC

隨著零售商人對BTC的興趣，比特幣社交嗡嗡聲正在加熱

In other developments, there was a surge in interest in Bitcoin among retail traders.

在其他發展中，零售商人對比特幣的興趣激增。

At the time of writing, Social Dominance had risen to 25.04% and Social Volume stood at 3,274. This attention was likely linked to BTC’s resilience near the key resistance zones, which, in turn, sparked greater interest from the broader crypto community.

在寫作時，社會主導地位已上升至25.04％，社會量為3,274。這種關注很可能與BTC在關鍵阻力區域附近的韌性有關，這反過來又引起了更廣泛的加密社區的更大興趣。

While the volumes were not yet at mania levels, it was nonetheless a secondary catalyst that could be useful for building momentum.

儘管這些量還沒有達到躁狂水平，但它仍然是一種二級催化劑，可用於建立動量。