比特币[BTC]继续表现出强烈的积累行为，超过3090 BTC从Binance撤回

比特币[BTC]继续表现出强烈的积累行为，一天就从Binance中获得了3.25亿美元的3090 BTC（约3.25亿美元）。这增加了在主要平台上观察到的一系列大型交换流出。 MVRV比率是确定市场顶部的关键指标，目前为2.33，这是与积极的利润相关的2.75阈值。

Bitcoin [BTC] price continued to show strong accumulation behavior as a massive amount of coins were withdrawn from Binance in a single day.

比特币[BTC]的价格继续表现出强烈的积累行为，因为一天内撤回了大量硬币。

Bitcoin: MVRV remains in neutral-to-undervalued zone

比特币：MVRV仍处于中性区域

比特币：MVRV仍处于中性区域

CryptoQuant data revealed that over 3,090 BTC, worth approximately $325 million, were pulled out of Binance in a single day. This adds to a series of large exchange outflows observed across major platforms.

加密数据显示，超过3,090个BTC，价值约3.25亿美元，一日撤出了Binance。这增加了在主要平台上观察到的一系列大型交换流出。

The MVRV ratio, a critical metric for identifying market tops, currently sits at 2.33, which is lower than the 2.75 threshold that is usually associated with aggressive profit-taking.

MVRV比率是确定市场顶部的关键指标，目前为2.33，低于通常与积极的获利相关的2.75阈值。

At the time of writing, BTC traded at $105,163.46, registering a 1.89% rise in the past 24 hours.

在撰写本文时，BTC的交易价格为105,163.46美元，在过去24小时内增长了1.89％。

The subdued MVRV reading suggests that BTC remains in a neutral-to-undervalued zone, offering more room for upward continuation.

柔和的MVRV阅读表明，BTC仍处于中立之间的不足区域，为向上延续的空间提供了更多的空间。

Derivatives traders preparing for breakout?

衍生品交易者为突破做准备吗？

衍生品交易者为突破做准备吗？

Open Interest has surged by 8.32% to reach $34.87 billion, indicating increasing activity in the derivatives market.

开放利息飙升了8.32％，达到348.7亿美元，表明衍生品市场的活动不断增加。

This increase typically suggests that traders are opening new positions, possibly in anticipation of heightened volatility near resistance.

这种增加通常表明，交易者正在开放新的职位，这可能是由于阻力附近的波动率提高。

The steady price rise, coupled with growing leveraged interest, shows a willingness to speculate on bullish continuation. However, elevated Open Interest may also indicate higher liquidation risk if price reverses.

稳定的价格上涨，再加上杠杆利益的日益增长，表明愿意推测看涨的延续。但是，如果价格扭转，则升高的开放利息也可能表明清算风险更高。

Bitcoin's NVT ratio has shot up to 485.13, a level rarely seen in previous market cycles. This ratio, which compares market cap to transaction volume, often signals potential overvaluation when it climbs excessively.

比特币的NVT比率已达到485.13，这是以前的市场周期很少见的水平。比较该比率将市值与交易量进行比较，通常会在过度攀升时表示潜在的高估。

While the price has been trending upward, network usage hasn't matched pace, suggesting speculative flows could be dominating.

尽管价格一直在上升，但网络使用情况尚未达到速度，这表明投机性流量可能是主导的。

Long-term hands steering this rally?

长期指导这次集会的双手？

长期指导这次集会的双手？

The Miners' Position Index (MPI) has surged by 76.12%, yet the press time value of 0.17 remained low compared to historical thresholds. This indicated that even with increased outflows, miners were not exerting meaningful sell pressure.

矿工的位置指数（MPI）飙升了76.12％，但与历史阈值相比，新闻时间值为0.17。这表明即使流出增加，矿工也没有施加有意义的卖出压力。

During periods of high MPI, miners typically offload large amounts of BTC, contributing to corrections. However, the present value suggests restrained behavior from this cohort.

在高度MPI期间，矿工通常会卸载大量的BTC，从而导致校正。但是，现值表明该队列中的行为受到约束。

Supply-adjusted Coin Days Destroyed (CDD) went up by 7.22%, showing a modest increase in coin movement among long-term holders. However, current values still reflect limited distribution from aged wallets.

被销毁的供应调整后的硬币日（CDD）增长了7.22％，显示长期持有人的硬币移动幅度不大。但是，当前值仍然反映了老年钱包的分布有限。

Historically, when long-term holders begin to sell in large volumes, CDD spikes aggressively. Therefore, the mild increase shows that conviction remains strong among veteran investors.

从历史上看，当长期持有人开始大量销售时，CDD会积极刺激。因此，温和的增加表明，在资深投资者中，信念仍然很强。

The 0-1 day Realized Cap HODL Wave stood at 0.274, further highlighting that short-term speculative activity remains subdued. This metric tracked the proportion of realized cap held by recent entrants.

0-1天意识到帽hodl波的0.274，进一步强调了短期投机活动仍然屈服。该度量标准跟踪了最近进入者所持有的上限的比例。

Low values typically indicate that the rally is not being driven by rapid buy-ins or pump-and-dump behaviors.

低值通常表明集会不是由快速购买或泵送和降低行为驱动的。

Cup and handle pattern nears breakout above $107K

杯子和手柄图案接近超过$ 107K的突破

杯子和手柄图案接近超过$ 107K的突破

Bitcoin's daily chart revealed a well-formed cup and handle pattern, with the neckline resting near $107,000. This classic bullish structure suggests the potential for continuation if a breakout occurs.

比特币的每日图表显示了一个形成良好的杯子和手柄图案，领口的休息近107,000美元。这种经典的看涨结构表明，如果发生突破，可能会继续进行。

At the time of writing, BTC traded at $105,163.46, still slightly below the neckline. Volume has remained stable during the consolidation phase, and RSI has yet to enter overbought territory, which supports a bullish setup.

在撰写本文时，BTC的交易价格为105,163.46美元，仍然低于领口。在整合阶段，数量一直保持稳定，RSI尚未进入超买的领土，该领土支持看涨的设置。

A successful breakout could send BTC to new highs, while rejection might trigger a minor pullback toward the $100K support. The breakout zone remains a critical area to monitor.

成功的突破可能会使BTC进入新的高点，而拒绝可能会引发$ 10万美元的支持。突破区仍然是要监视的关键区域。

Can BTC sustain its momentum despite overheated metrics?

尽管指标过热，BTC是否可以维持其动力？

Bitcoin's rally remains well-supported by strong on-chain and technical signals. Exchange outflows, low MVRV, restrained miner selling, and weak short-term speculation indicate bullish conditions.

比特币的集会仍然受到强大的链和技术信号的良好支持。交换流出，低MVRV，受约束的矿工销售和短期投机薄弱表明看涨条件。

However, the NVT spike above 485 highlights a possible imbalance between valuation and network activity.

但是，NVT高于485的NVT尖峰突出了估值和网络活动之间可能的不平衡。

As BTC flirts with a key resistance level, the market's next move hinges on whether buyers can sustain momentum or whether overvaluation concerns will prompt a pullback. For now, accumulation trends dominate the narrative, tilting the bias in favor of continued upside.

随着BTC调情以关键的阻力水平，市场的下一步行动取决于买家是否可以维持动力，或者高估的问题是否会引起回调。目前，积累趋势主导着叙事，倾斜偏见，支持持续上升空间。