經過一個週末的整合，比特幣進入新的一周，並以勢頭建設和看漲情緒上升

經過一個週末的合併之後

Top BTC analyst Axel Adler has shared new insights revealing that after hitting the ATH, miners have increased their BTC sales on exchanges.

BTC頂級分析師Axel Adler分享了新的見解，表明在擊中ATH後，礦工增加了BTC在交易所的銷售。

As Bitcoin (BTC) continues to consolidate at a crucial technical level, top analyst Axel Adler has shared an update on miners' behavior, highlighting an uptick in outflows to exchanges.

隨著比特幣（BTC）繼續在關鍵的技術層面鞏固，頂級分析師Axel Adler分享了礦工行為的更新，突出了向交換的外流上升。

After a weekend of consolidation just below its all-time high near $112,000, Bitcoin is entering the new week with momentum building and bullish sentiment rising. Trading around $110K, BTC continues to hold a strong technical structure, and many analysts believe it’s only a matter of time before the next leg higher begins. With volatility tightening and the broader market gaining strength, all eyes are on Bitcoin as it flirts with price discovery once again.

經過一個週末的合併，恰好低於其歷史最近112,000美元，比特幣進入了新的一周，並以動力建設和看漲情緒上升。 BTC的交易約為11萬美元，繼續擁有強大的技術結構，許多分析師認為，下一條腿開始更高的時間只是時間問題。隨著波動性的收緊和更廣泛的市場增強力量，所有人的目光都盯著比特幣，因為它再次與價格發現一起調情。

Conviction is growing among top analysts who are now calling for significant price surges in the weeks ahead. On-chain metrics and price action continue to support the bullish outlook, pointing to sustained demand and a resilient trend structure. However, one emerging factor worth watching is miner behavior.

最高分析師之間的信念正在增長，他們現在在未來幾週內呼籲大幅度的價格飆升。鏈上指標和價格行動繼續支持看漲的前景，指出持續需求和彈性趨勢結構。但是，值得一看的一個新興因素是礦工行為。

Adler shared key insights on this trend, noting that since Bitcoin's recent ATH, miner inflows to exchanges have doubled, shifting from an average of 25 BTC to 50 BTC per day. While this indicates a noticeable uptick in selling, Adler emphasizes that these levels remain well below historical peaks of around 100 BTC per day.

阿德勒（Adler）對這一趨勢分享了關鍵的見解，並指出，由於比特幣最近的ATH，礦工流入交流的流入已經翻了一番，從平均25 BTC轉移到每天50 BTC。雖然這表明銷售中有一個明顯的增長，但阿德勒強調，這些水平仍低於每天約100 BTC的歷史峰值。

More importantly, the market appears to be absorbing this added supply without showing signs of stress. This suggests that demand remains robust, and selling pressure from miners is not yet strong enough to derail the uptrend. Instead, it reflects a healthy and expected shift in behavior following a major price milestone.

更重要的是，市場似乎正在吸收這種增加的供應，而沒有顯示壓力的跡象。這表明需求仍然強大，礦工的銷售壓力還不夠強，無法使上升趨勢脫軌。取而代之的是，它反映了主要價格里程碑後的健康和預期的行為轉變。

As Bitcoin hovers near all-time highs, the combination of strong market structure, supportive on-chain data, and resilient demand could set the stage for a powerful continuation. If bulls reclaim $112K with volume, BTC may enter a fresh price discovery phase with targets well beyond current levels.

隨著比特幣徘徊在歷史高潮附近，強大的市場結構，支持性的鏈上數據和彈性需求的結合可能為強大的延續奠定了基礎。如果公牛隊收回$ 112K的數量，BTC可能會進入一個新的價格發現階段，目標遠遠超出了當前水平。

BTC price action on the 4-hour chart (Credit: TradingView)

4小時圖表上的BTC價格行動（信用：TradingView）

Bitcoin is trading at $109,676 on the 4-hour chart, consolidating in a tight range just below its all-time high near $112,000. After a brief retracement from local highs, BTC has maintained its bullish structure, forming higher lows and staying well above key moving averages. The 34 EMA (green) at $108,639 acts as dynamic support, while the 50 and 100 SMAs (purple and blue) at $108,271 and $105,958 provide additional downside protection.

比特幣在4小時的圖表上的交易價格為109,676美元，在其歷史最高遠低於112,000美元以下的緊密範圍內。經過當地高點的短暫回答後，BTC保持了看漲的結構，形成更高的低點並保持遠遠超過關鍵的移動平均值。 34歐元（綠色）以108,639美元的價格提供動態支持，而50和100 SMA（紫色和藍色）的價格為$ 108,271和105,958美元，提供了額外的下行保護。

Volume has slightly declined during this consolidation, indicating a temporary pause rather than a reversal. Price remains comfortably above the major horizontal support level at $103,600—now a critical base for any deeper pullbacks. The uptrend remains intact as long as this zone holds.

在此合併過程中，體積略有下降，表明暫時停頓而不是逆轉。價格保持舒適的水平支撐級別，為103,600美元，這是任何更深層次的回調的關鍵基礎。只要該區域成立，上升趨勢就保持完整。

What’s notable is BTC's ability to hold above the 34 EMA despite increased miner inflows and broader market caution. This resilience suggests strong buyer interest and positioning ahead of a potential breakout.

值得注意的是，儘管礦工流入和更廣泛的市場謹慎，BTC能夠超過34 EMA的能力。這種韌性表明，在潛在的突破之前，強大的買家興趣和定位。

To confirm continuation, bulls need to reclaim the $111K–$112K range with volume. A break above this resistance would likely trigger the next impulsive leg higher. For now, Bitcoin remains in a bullish consolidation phase, with strong support levels anchoring price action as the market awaits a decisive move.

為了確認延續，公牛需要收回$ 111K - $ 112K的範圍。超越這種阻力的突破可能會觸發下一個衝動腿更高。目前，比特幣仍處於看漲的合併階段，在市場等待決定性舉動時，錨定價格行動的強大支持水平。