與以前的市場集會不同，比特幣（BTC）的最新反彈 - 將其從74508美元的潛在周期推高

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。

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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。

Unlike previous market rallies, the latest rebound in Bitcoin (BTC) – pushing it from a potential cycle low of $74,508 on April 6 to slightly above $100,000 at the time of writing – is characterized by healthier price movement.

與以前的市場集會不同，比特幣（BTC）的最新反彈 - 將其從4月6日的74,508 $ 74,508推到了撰寫本文時略高於100,000美元，其特徵是價格更健康。

Current Bitcoin Rally Not Showing Signs Of Overheating

當前的比特幣集會未顯示過熱的跡象

According to a recent CryptoQuant Quicktakes post by contributor avocado_onchain, last year’s BTC bull cycle – which saw the leading cryptocurrency create and break multiple all-time highs (ATHs) – was accompanied by sharp spikes in Binance market buy volume and funding rates.

根據撰稿人鱷梨_onchain的最新加密速度帖子，去年的BTC牛週期（BTC Bull Cycele）是領先的加密貨幣創造並打破了多個歷史高峰（ATHS） - 伴隨著Binance Market Market購買量和資金率的尖銳峰值。

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Bitcoin Stochastic RSI Signals Brewing Bullish Momentum – ATH Incoming?

比特幣隨機RSI信號釀造看漲勢頭 - ATH啟動？

Notably, a sudden increase in funding rates was twice followed by a sharp price pullback due to overheating. In this context, overheating refers to excessive bullish leverage in futures markets that drives up the cost of long positions, signalling overly aggressive sentiment that often precedes a market correction.

值得注意的是，由於過熱，資金率突然增加了兩次，隨後價格急劇下降。在這種情況下，過熱是指在期貨市場中過度看漲的槓桿作用，這些槓桿率提高了長位置的成本，這表明過度積極進取的情緒通常是在市場校正之前的。

The following chart illustrates these corrections triggered by excessive leverage in BTC futures. Specifically, boxes 1 and 2 show sharp rises in Binance funding rates, initially accompanied by price increases, then extended periods of correction.

以下圖表說明了BTC期貨過多槓桿觸發的這些更正。具體而言，盒子1和2顯示出二手資金率的急劇上升，最初伴隨著價格上漲，然後延長了校正期。

However, the current rally appears different. According to avocado_onchain, Bitcoin’s ongoing rebound is occurring without an overheated funding rate. In fact, Binance market buy volume is trending downward – as shown in box 3 of the chart – which contrasts with previous bull cycles.

但是，當前的集會出現不同。根據Avocado_onchain的說法，比特幣的持續反彈正在發生，沒有過熱的資金率。實際上，二元市場買入量正在向下趨勢 - 如圖3號的框3所示，這與以前的牛週期形成了鮮明對比。

The analyst argues that these are signs of a healthier rally, as earlier bull runs were marked by overheated funding rates and abrupt corrections, weakening investor sentiment. In contrast, the current rally has maintained relatively stable funding rates, indicating more cautious and sustainable market behavior.

分析師認為，這些是更健康的集會的跡象，因為早期的公牛運行的標誌是資金率過多和校正，從而削弱了投資者的情緒。相比之下，目前的集會維持了相對穩定的資金率，表明市場行為更加謹慎和可持續。

Despite short-term price fluctuations, market buy volume has shown a steady upward trend since 2023, highlighted by the yellow arrow in the chart. The analyst adds:

儘管短期價格波動，但自2023年以來，市場購買量仍顯示出穩定的上升趨勢，圖表中的黃色箭頭強調了。分析師補充說：

This signals that buying sentiment remains positive for further upside, suggesting that it’s not yet time to consider an exit. We can’t predict exactly when Bitcoin will break its previous high, but current on-chain and market data signals remain very constructive.

這表明購買情緒對進一步的上漲仍然是積極的，這表明還不是時候考慮出口了。我們無法確切預測比特幣何時會破壞其先前的高位，但是當前的鍊和市場數據信號仍然非常建設性。

Other Indicators Point Toward New ATH

其他指標指向新的ATH

Besides the stable funding rates and encouraging market buy volumes, BTC is also showing several other positive signs pointing toward a new ATH for the flagship digital asset in the near future.

除了穩定的融資率和鼓勵市場買入量外，BTC還顯示了其他幾個積極的信號，指出了在不久的將來朝著旗艦數字資產的新ATH。

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分析師說

For instance, on-chain data shows that long-term holders are not selling, even as BTC trades close to its previous ATH of $108,786, reached in January. This behavior suggests that these investors anticipate further upside.

例如，鍊鍊數據表明，即使BTC交易接近其先前的108,786美元，即使BTC交易在一月份達到了一月。這種行為表明這些投資者預計會有進一步的上漲空間。

Still, analysts advise against overly optimistic expectations, mentioning that Bitcoin may still be far from experiencing a true supply shock. At the time of writing, BTC is trading at $102,393, down 1.4% in the past 24 hours.

儘管如此，分析師仍建議不要過度樂觀的期望，這提到比特幣可能仍然沒有真正的供應衝擊。在撰寫本文時，BTC的交易價格為102,393美元，過去24小時下跌1.4％。