如果比特幣突破此水平

比特幣（BTC）在關鍵的技術層面上搖搖欲墜，分析師警告說，主要的短材料和鯨魚的重大活動會影響市場方向。

Bitcoin (BTC) is juggling a technical pivot, major short liquidations, and large-scale "whale" activity, all of which are impacting price direction, according to Monday’s analysis.

根據周一的分析，比特幣（BTC）正在兼顧技術樞紐，主要的簡報和大規模的“鯨魚”活動，所有這些活動都會影響價格方向。

Pointing to data from CoinGlass, crypto analyst Ali Martinez said that over $23.65 million in short positions could be liquidated if Bitcoin manages to break back above the $105,000 mark.

加密分析師阿里·馬丁內斯（Ali Martinez）指出，指出了Coinglass的數據，如果比特幣設法重新超過105,000美元，則可以清算超過2365萬美元的短期位置。

A heatmap from CoinGlass shows a dense band of short positions just above $105,000, which may set up a so-called "liquidation cascade."

小coinglass的熱圖顯示了一條剛好超過$ 105,000的較短位置，這可能會建立所謂的“清算級聯”。

If bulls manage to push through that resistance, leading to the liquidation of these short positions, short-sellers would be forced to buy back BTC to cover their trades. This activity could accelerate price movement upward, setting up a classic "short squeeze" scenario.

如果公牛設法推動這種抵抗力，導致這些短職位清算，那麼賣空者將被迫回購BTC來支付其交易。這項活動可以加速價格上漲，建立經典的“短擠壓”場景。

"Another $23.65 million will be liquidated in short positions if #Bitcoin manages to jump back above the $105,000 level. This will be interesting to watch! 🔥"

“如果#bitcoin設法跳回105,000美元的水平，將在短額中清算另外2365萬美元的$ 2365萬。

However, the bullish thesis is complicated by heavy "whale" selling.

但是，對“鯨魚”銷售的沉重銷售使看漲論文變得複雜。

On-chain data from Glassnode reveals that Bitcoin wallets holding between 1,000 and 10,000 BTC have offloaded over 30,000 BTC in the last three days.

GlassNode的鏈上數據表明，在過去三天中，裝有1,000至10,000 BTC的比特幣錢包已卸載了30,000多個BTC。

This selling activity is usually observed when market participants take profits at local highs, especially considering the magnitudes of transactions.

當市場參與者在當地高點獲得利潤時，通常會觀察到這種銷售活動，尤其是考慮到交易的幅度。

While such selling doesn't necessarily spell the end of the rally, it may act as a bottleneck, especially if demand doesn't immediately absorb the sell pressure.

儘管這種銷售不一定拼寫出拉力賽的結束，但它可能是瓶頸，尤其是如果需求不會立即吸收賣出壓力。

This coincides with a decline in Binance whale inflows, which fell to their lowest point in six months, suggesting that a good portion of the recent buying pressure came from exchange-based traders rather than large institutions or DeFi protocols.

這與Binance Whale流入的下降相吻合，後者在六個月內降至最低點，這表明最近購買壓力的很大一部分來自基於交易所的交易員，而不是大型機構或DEFI協議。

Ultimately, the next few days will depend on whether retail and institutional buyers can outweigh recent sell pressure from large holders.

最終，接下來的幾天將取決於零售和機構買家是否可以超過最近出售大型持有人的壓力。