長期比特幣持有人繼續積累，自1月以來增加了635K BTC

Satoshi俱樂部的統計數據表明，在2025年中，保留其BTC超過155天的比特幣持有人保持了購買方式。這些長期投資者自1月以來購買了635,000 BTC。

Data from the Satoshi Club indicates that Bitcoin holders who have kept their BTC for longer than 155 days have maintained their buying pattern throughout 2025.

Satoshi俱樂部的數據表明，在2025年中，保留BTC超過155天的比特幣持有人保持了購買方式。

These long-term investors have purchased 635,000 BTC since January.

自1月以來，這些長期投資者已經購買了635,000 BTC。

The current BTC circulating supply shows 13.75 million coins, representing 65%, are under long-term holder control. Bitcoin holders display growing confidence that BTC will persist as a big asset, thanks to maintained accumulation patterns amid the worldwide market sentiment changes and monetary instability.

當前的BTC循環供應量顯示1375萬硬幣，佔65％的硬幣，處於長期持有人的控制之下。比特幣持有人表現出越來越多的信心，即由於在全球市場情緒變化和貨幣不穩定的情況下，BTC將繼續作為一項大資產，這要歸功於保留的積累模式。

On the other hand, short-term holders reduced their positions by 460,000 BTC. The 460,000 BTC have been released by short-term holders who bought Bitcoin during the past 155 days.

另一方面，短期持有人將其頭寸減少了460,000 BTC。 460,000 BTC已由短期持有人釋放，他們在過去的155天內購買了比特幣。

The market data shows how fresh investors opted to reduce their exposure through strategic price-dependent risk-management activities, as well as getting shaken out by price swings.

市場數據顯示了新鮮投資者如何通過戰略性依賴價格管理活動來減少其曝光率，並因價格波動而動搖。

Historical data shows that the medium-term BTC price direction relies heavily on the holding behavior gap between short-term and long-term investors since continued accumulation by long-term holders produces bullish market conditions.

歷史數據表明，中期BTC價格方向在很大程度上取決於短期和長期投資者之間的持有行為差距，因為長期持有人繼續積累會產生看漲的市場狀況。

Bitcoin Resistance Zone Builds Above $95K

比特幣阻力區建造了$ 95K

The 2.6 million Bitcoins that were acquired when prices exceeded $95,000 are struggling against market losses. A significant amount of supply exists near this present trade point.

當價格超過95,000美元時獲得的260萬比特幣正在努力抵抗市場損失。在本貿易點附近，存在大量供應。

Holders who need to sell their Bitcoin to break even might increase market supply after price appreciation, yet the upside potential remains limited because strong new buyers should step in to absorb the supply.

需要出售其比特幣以破產的持有人在價格升值後可能會增加市場供應，但是上升潛力仍然有限，因為強大的新買家應該介入以吸收供應。

Future Outlook

未來的前景

Under current market conditions, investors face a traditional conflict between investing long-term and others taking short-term profits. A breakout and sustained performance above the $95K-$98K price zone could motivate an uptrending wave of momentum for Bitcoin.

在當前的市場條件下，投資者在投資長期和其他短期利潤之間面臨傳統的衝突。超過$ 95K- $ 98K的價格突破和持續性能可能會激發比特幣的上升勢頭。

The future market behavior depends on how strong the accumulation phase remains while profit-taking resistance stays suppressed.

未來的市場行為取決於積累階段的強大，而獲利抵抗力則被壓制。