35萬個新地址：牛熊水平的關鍵

比特幣 (BTC) 最近的市場活動證明了需要新的買家參與，因為新地址仍遠遠落後於 35 萬個

Recent Bitcoin (BTC) price action highlights the importance of new buyer participation, as new addresses continue to lag significantly behind the 350,000 mark that is crucial for maintaining strong bullish momentum.

最近的比特幣 (BTC) 價格走勢凸顯了新買家參與的重要性，因為新地址繼續大幅落後於 350,000 大關，而這對於維持強勁的看漲勢頭至關重要。

As pointed out in a tweet on X by Burak Kesmeci, recent data shows that this figure acts as a pivotal pivot point between bullish and bearish trends.

正如 Burak Kesmeci 在 X 上的一條推文中指出的那樣，最近的數據顯示該數字是看漲和看跌趨勢之間的關鍵支點。

350K New Addresses: The Key Bull-Bear Level

35萬個新地址：關鍵的牛熊水平

An analysis of the past six years shows that 350,000 new Bitcoin addresses often act as a dividing line between market phases. When the number of new addresses falls below this level, the market tends to turn bearish.

對過去六年的分析表明，35萬個新的比特幣地址往往成為市場階段之間的分界線。當新地址數量低於該水準時，市場往往會轉為看跌。

This pattern can be observed in the historical data of 2018, when Bitcoin dropped from $19,000 to $6,000; 2021, when it fell from $64,000 to $30,000; and 2024, when it decreased from $74,000 to $49,000.

這種模式可以從 2018 年的歷史數據中觀察到，當時比特幣從 19,000 美元跌至 6,000 美元； 2021年，從64,000美元跌至30,000美元；到 2024 年，從 74,000 美元下降到 49,000 美元。

In June 2024 the number of new addresses dropped to 210,000 and then increased to 349,000 on October 14, 2024. Pulling back to 294,000 it has since indicated a need of more new investors to push market momentum.

2024 年 6 月，新地址數量下降至 210,000 個，然後於 2024 年 10 月 14 日增加至 349,000 個。 此後回落至 294,000 個，表明需要更多新投資者來推動市場動力。

To continue a strong bullish trend and reflect increased investor interest, we consider the 350,000 milestone as a major pivot, and one that once reached, may lead to a market upturn.

為了繼續強勁的看漲趨勢並反映投資者興趣的增加，我們認為 350,000 點里程碑是一個主要支點，一旦達到這一點，可能會導致市場好轉。

Spot ETFs Impact Address Creation

現貨 ETF 影響地址創建

The launch of Spot Bitcoin ETFs in 2024 has had an effect on address growth. As institutions like BlackRock manage Bitcoin through pooled addresses, the number of new individual addresses is impacted.

2024 年現貨比特幣 ETF 的推出對地址成長產生了影響。由於貝萊德等機構透過池化地址管理比特幣，因此新的個人地址數量受到影響。

ETF investors are usually represented by one wallet address, which reduces the growth rate of new addresses. Therefore, achieving 350,000 new addresses will require more retail investors, who are key to sustaining market growth and overcoming potential resistance.

ETF投資者通常由錢包地址代表，這降低了新地址的成長率。因此，實現35萬個新地址將需要更多的散戶投資者，他們是維持市場成長和克服潛在阻力的關鍵。

BTC Netflow And Holding Trends

BTC淨流量及持股趨勢

The latest BTC net flow data, as shown by IntoTheBlock, reveals a mixed market behavior. Over the past seven days, net flow dropped by 338.80%, indicating substantial BTC outflows from exchanges, which suggests increased long-term holding.

IntoTheBlock 顯示的最新 BTC 淨流量數據揭示了市場行為的好壞參半。過去7天，淨流量下降338.80%，顯示BTC大量流出交易所，顯示長期持有增加。

Over 30 days, net flow rose by 329.48%, reflecting selling pressure or profit-taking. However, over the last 90 days, net flow decreased by 139.33%, showing an overall trend of Bitcoin moving off exchanges.

30天內，淨流量成長329.48%，反映拋售壓力或獲利了結。但近90天淨流量下降139.33%，整體呈現比特幣下架趨勢。

As Bitcoin's price shoots up to $67,523 before stabilizing around $67,000, this net flow behavior mirrors what is happening in the market. Long-term holding is supported by net outflows but it’s important to beat the 350,000 new address mark to continue with stronger bullish momentum.

隨著比特幣價格飆升至 67,523 美元，然後穩定在 67,000 美元左右，這種淨流量行為反映了市場正在發生的情況。長期持有受到淨流出的支撐，但重要的是要突破 350,000 個新地址大關，以繼續保持更強勁的看漲勢頭。