比特币的突破缺少一个关键成分 - 您需要知道的一切

随着比特币徘徊在其历史最高水平的距离仅5％时，一个主要的投资者领域仍然显着安静：零售商人。

Bitcoin’s price has surged past $103K, but retail demand, defined as transactions in volumes between $0 and $10,000, remains flat or negative, according to CryptoQuant.

根据CryptoFunfant的说法，比特币的价格已经超过103,000美元，但零售需求定义为售价在$ 0到10,000美元之间的交易，仍然是平坦或负数的。

This finding is surprising considering the significant gains in BTC and the substantial institutional accumulation that has been frequently reported.

考虑到BTC的显着收益以及经常报告的大量机构积累，这一发现令人惊讶。

However, according to CryptoQuant’s analysis, the current setup shows a sort of lagging behavior by the retail segment, which is still in negative territory, even though market momentum and fundamentals have improved.

但是，根据CryptoQuant的分析，当前的设置显示了零售部门的某种滞后行为，即使市场动力和基本面有所改善，但仍处于负面领域。

The crypto market intelligence platform speculates that this could be related to retail investors burning out quickly during the previous bull market and the lack of a strong narrative to engage them in the current rally.

加密市场情报平台推测，这可能与散户投资者在上一个牛市中迅速燃烧的散户投资者有关，并且缺乏强大的叙述来参与当前的集会。

According to the chart, during phases of market euphoria, there is usually a strong presence of retail demand, which increases rapidly as the market approaches a top.

根据图表，在市场欣快感的阶段，通常存在零售需求的强劲存在，随着市场接近最高，零售需求迅速增加。

This behavior is especially pronounced during parabolic market trends, where a small price increase leads to a large influx of traders, pushing the market even higher.

在抛物线市场趋势中，这种行为尤其明显，在抛物线市场趋势中，价格较小的增加会导致大量交易者涌入，从而提高了市场。

However, this pattern appears to be absent in the current bull market, at least according to the chart.

但是，至少根据图表，这种模式在当前的牛市中似乎不存在。

Despite the lagging behavior of retail investors, as highlighted by CryptoQuant, institutional investors appear to be actively accumulating Bitcoin.

尽管散户投资者的行为滞后，正如加密富裕的强调，机构投资者似乎正在积极积累比特币。

According to recent reports, large Bitcoin holders have increased their holdings by over 200,000 BTC as the cryptocurrency's price surpasses the $100,000 mark.

根据最近的报道，由于加密货币的价格超过了100,000美元，大型比特币持有人将其持股增加了200,000 BTC。

Moreover, Bitcoin ETF (exchange-traded fund) inflows have reached a record high of $41.3 billion, now composing 60% of the total gold ETFs.

此外，比特币ETF（交易所贸易基金）流入率达到了创纪录的413亿美元，现在占总金ETF的60％。

Furthermore, crypto analyst Ben Armstrong, known as BitBoy Crypto, suggests that Bitcoin could be leading global monetary trends with central banks engaging in quantitative easing (QE) and potential national bankruptcies on the horizon.

此外，加密分析师本·阿姆斯特朗（Ben Armstrong）（被称为Bitboy Crypto）表明，比特币可能会带来全球货币趋势，中央银行从事定量宽松（QE）和潜在的国家破产。