随着比特币朝100,000美元的发展，链上数据显示了投资者行为的变化。

根据一位加密分析师的说法，向加密货币交换平台发送资金的BTC地址数量已下降到自2017年以来的最低水平。

As bitcoin (BTC) edges closer toward the $100,000 mark, on-chain data is revealing a change in investor behavior. After an extended period focused on macroeconomic trends and U.S. inflation figures, attention now shifts to the evolution of the economic cycle and the expected decisions from the FED. Could a reduction in interest rates, as speculated by some crypto analysts, favor risk assets like BTC?

随着比特币（BTC）的边缘更接近100,000美元，链上的数据显示了投资者行为的变化。在长时间关注宏观经济趋势和美国通货膨胀数字之后，现在注意力转向了经济周期的演变以及美联储的预期决策。一些加密分析师推测，利率降低是否可以赞成BTC等风险资产？

Moreover, it would reduce the yields of traditional fixed-income products, pushing more investments toward cryptocurrencies.

此外，它将降低传统固定收益产品的收益率，从而将更多的投资推向加密货币。

Historic drop in bitcoin deposits on crypto exchanges

加密交易所中比特币沉积物的历史性下降

According to a CryptoQuant analyst, the number of BTC addresses sending funds to crypto exchange platforms has fallen to its lowest level since 2017. This decline is evident in the graph below, displaying the seven-day average of bitcoin addresses making their first output to exchanges.

根据一位加密分析师的说法，向加密货币交换平台发送资金的BTC地址数量已降至自2017年以来的最低水平。在下图中，这种下降很明显，显示了比特币地址的7天平均地址，这是他们首次交换的比特币地址。

As the analyst notes, this indicator is crucial because it reveals the intent of bitcoin holders. A low count, as observed recently, implies that most BTC addresses are not sending their coins to exchanges, perhaps anticipating a strong short-term rise.

正如分析师指出的那样，该指标至关重要，因为它揭示了比特币持有人的意图。正如最近观察到的那样，低计数意味着大多数BTC地址没有将硬币发送到交流，也许可以预期短期上升。

“As seen in the chart above, the 7-day average of first time exchange addresses has reached lows not seen since 2017. This indicator is important because it shows the activity of BTC addresses sending coins to exchanges for the first time in a 24-hour period. A low reading suggests that most addresses are not sending their coins to exchanges, which could be a sign of strong hands and a potential preference for holding onto BTC over selling it.”

“如上图所示，自2017年以来，首次交换地址的7天平均水平已经达到低点。该指标很重要，因为它显示了BTC地址的活动，将硬币发送到24小时内的交换。低读数表明，大多数地址表明，大多数地址都不会使他们的硬币交换来交流，这可能是一个潜在的主张，并且可能会掌握btcre的范围，并且可以掌握btcre的范围。

Indeed, the data available on CryptoQuant’s platform clearly shows that, in recent months, the number of bitcoin addresses making their first output to exchanges has dropped significantly. This signals that a large portion of BTC investors have decided to keep their coins on personal wallets rather than sell them on exchanges.

实际上，加密量牌平台上可用的数据清楚地表明，最近几个月，将其首次交换产出的比特币地址数量显着下降。这表明大部分BTC投资者决定将硬币保留在个人钱包上，而不是在交易所上出售。

This observation is interesting in light of the recent performance of the cryptocurrency market. After an extended period focused on macroeconomic trends and U.S. inflation figures, attention now shifts to the evolution of the economic cycle and the expected decisions from the FED.

鉴于加密货币市场的最新表现，这种观察结果很有趣。在长时间关注宏观经济趋势和美国通货膨胀数字之后，现在注意力转向了经济周期的演变以及美联储的预期决策。

Could a reduction in interest rates, as speculated by some crypto analysts, favor risk assets like BTC and reduce the yields of traditional fixed-income products, pushing more investments toward cryptocurrencies?

一些加密分析师推测，利率降低是否可以偏爱BTC等风险资产并降低传统固定收入产品的产量，从而将更多的投资推向加密货币？

Bitcoin: a bullish signal confirmed by technical analysis?

比特币：通过技术分析证实的看涨信号？

The BTC price recently crossed the $97,000 mark. It has thus reached its highest level since February. According to Ali Martinez, the next crucial threshold is at $97,530. A clean breakthrough would strengthen the momentum toward a new ATH, the last being at $108,786.

BTC价格最近超过了97,000美元。因此，它已经达到了2月以来的最高水平。根据阿里·马丁内斯（Ali Martinez）的说法，下一个关键门槛为97,530美元。干净的突破将增强向新ATH的势头，最后一个为108,786美元。

On his side, Titan of Crypto highlights that bitcoin shows a strong bullish monthly candle. He supports that the leading crypto is trading above several Ichimoku cloud technical indicators. These signals back a favorable outlook for the coming weeks. Analyst Burak Kesmeci even mentions a target of $124,000, based on the golden ratio model.

在他这一边，加密货币的泰坦强调了比特币显示出强烈看涨的每月蜡烛。他支持领先的加密货币交易高于几个Ichimoku云技术指标。这些信号在接下来的几周内恢复了有利的前景。分析师Burak Kesmeci甚至根据黄金比率模型提到了124,000美元的目标。

Faced with this momentum, the crypto market anticipates a gradual rise. This would be fueled by:

面对这种势头，加密货币市场预计会逐渐上升。这将由以下方式推动：

The potential return on bitcoin thus becomes attractive again for crypto investors.

因此，比特币的潜在回报对加密投资者再次具有吸引力。

The combination of on-chain, technical, and macroeconomic signals creates a fertile ground for a new bitcoin surge. The coming days prove crucial to confirm this trend!

链，技术和宏观经济信号的结合为新的比特币激增创造了肥沃的地面。未来几天证明这对于确认这一趋势至关重要！

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

通过我们的“阅读赚取”计划最大化您的共同成员体验！对于您阅读的每篇文章，请赚取积分并获得独家奖励。立即注册并开始赚取福利。

My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)

我叫Ariela，我今年31岁。我已经在网络写作领域工作了7年。几年前，我才发现交易和加密货币，但这是一个引起我极大兴趣的宇宙。平台上涵盖的主题使我能够了解更多。在业余时间的一名歌手，我还培养了对音乐和阅读（以及动物！）的极大热情