比特币（BTC）超过了短期持有人的实现价格，令人兴奋的分析师

比特币的价值当前超过短期持有人实现的价格，已经达到90,089美元。

Bitcoin price has exceeded the realized price of short-term holders, which has excited analysts, although their forecasts about Bitcoin’s upcoming trajectory vary. The market questions how long the Bitcoin price surge will become a permanent trend, since authorities speculate about potential major market drops.

比特币价格超出了短期持有人的实现价格，尽管他们对比特币即将到来的轨迹的预测有所不同，但分析师的实现价格激动了。市场质疑比特币价格涨幅将成为永久趋势，因为当局推测了潜在的主要市场下降。

Is Bitcoin Primed for a Major Rally or a Setback?

比特币是为重大集会还是挫折的？

The value of Bitcoin currently exceeds short-term holder realized prices and has reached a level of $92,089. Bitcoin has succeeded in breaking above this level for the first time since March, increasing expectations of a substantial price increase. The Bitcoin value reached $94K during the last 24 hours, indicating a 6% increase. This follows President Trump’s stance on Fed chair Powell and softening his stance on China’s tariffs.

比特币的价值当前超过短期持有人实现的价格，已经达到92,089美元。自3月以来，比特币首次成功地超过了这一水平，对价格上涨的期望提高。在过去的24小时内，比特币的价值达到了94K美元，表明增加了6％。这是在特朗普总统对美联储主席鲍威尔的立场，并软化了他对中国关税的立场。

However, some analysts, like Avocado_onchain, urge caution. The current Bitcoin price movement may form a double top pattern because it replicates a price behavior that occurred in 2021. Evaluations indicate that the current market movement represents a possible brief peak rather than lasting upward momentum.

但是，一些分析师，例如鳄梨_onchain，敦促谨慎。当前的比特币价格变动可能会形成双层模式，因为它复制了在2021年发生的价格行为。评估表明当前的市场运动代表了可能的短暂峰值，而不是持久的势头。

Image 1- Bitcoin Realized Cap, provided by Avocado_on chain, published on X, April 24, 2025

图像1-由avocado_on Chain提供的比特币实现的上限，于2025年4月24日发布于X

The analyst demonstrated this data through a chart showing how momentary investors moved from their initial category into 3–6 month investing, denoted by a yellow arrow, during long-term market losses. During rallies characterized by green arrows, this group tends to profit by selling their assets to new market participants.

分析师通过一张图表展示了这些数据，以表明在长期市场损失期间，瞬间投资者如何从初始类别转变为3-6个月的投资，并用黄色箭头表示。在以绿色箭头为特征的集会期间，该群体倾向于通过将其资产出售给新市场参与者来获利。

What Does the Behavior of Short-Term Holders Indicate?

短期持有人的行为表明什么？

Bitcoin’s price movements heavily depend on short-term holder behavior since these participants enter the market when prices rise. The current surge indicates key developments in the market through these short-term holder patterns, which remain under observation. Market corrections usually occur after short-term holders execute profit-taking moves according to historical price performance.

比特币的价格变动在很大程度上取决于短期持有人的行为，因为这些参与者在价格上涨时进入市场。当前的激增表明了通过这些短期持有人模式在市场上的关键发展，这些模式仍在观察中。市场纠正通常是在短期持有人根据历史价格绩效执行利润转移之后进行的。

Image 2- Bitcoin Realized Price, provided by Avocado-on chain, published on X, April 23, 2025

图片2-由鳄梨链条提供的比特币实现的价格，于2025年4月23日发布于X

According to Avocado_onchain analysis, the market’s available liquidity might decrease through the transition of holders into long-term positions when prices draw down. The crypto market experiences potential volatility when short-term holders cash out at vital price thresholds, including $91,000. The realized price for short-term holders has exceeded during past Bitcoin halvings, as price peaks consistently reached higher figures. The present market movements hint at another price peak, potentially to $100K, before a considerable market correction occurs.

根据Avocado_onchain分析，当价格降低时，市场可用的流动性可能会通过将持有人转变为长期头寸而降低。当短期持有人以至关重要的价格门槛（包括91,000美元）兑现时，加密市场经历了潜在的波动性。在过去的比特币过度中，短期持有人的实现价格已超过，因为价格峰值始终达到了更高的数字。当前的市场变动暗示了另一个价格峰值，可能是在大量市场校正之前可能达到10万美元。

Is a Rally to $96K Imminent as Tariffs Likely to Reduce by 50%?

由于关税可能会降低50％，这是迫在眉睫的$ 96,000美元的集会吗？

The current Bitcoin price performance is substantially influenced by broad economic conditions, even though it continues to show strength. Market uncertainty caused by U.S.-China trade tariffs creates additional risks in the market. The decrease in U.S.-Chinese tariff levels created buoyant market conditions for Bitcoin and other risk-oriented assets. According to a WSJ report, the US tariffs on China will likely be reduced by 50%.

目前的比特币价格性能在很大程度上受到广泛的经济状况的影响，即使它继续显示出实力。美国 - 中国贸易关税引起的市场不确定性在市场上造成了额外的风险。美国 - 中国关税水平的下降创造了比特币和其他面向风险的资产的浮力市场条件。根据WSJ的报告，美国对中国的关税可能会减少50％。