分析师威利·沃（Willy Woo）说

据指出的链链分析师威利·沃（Willy Woo）的说法，比特币的市场结构继续加强，有几个关键指标表明资产可能正在为有史以来的高点进行全新的攻击。

According to noted on-chain analyst Willy Woo, Bitcoin’s market structure continues to strengthen, with several key indicators suggesting the asset may be gearing up for a fresh assault on all-time highs.

据指出的链链分析师威利·沃（Willy Woo）的说法，比特币的市场结构继续加强，有几个关键指标表明资产可能正在为有史以来的高点进行全新的攻击。

After a period of consolidation, Woo highlights that capital inflows into the Bitcoin network are ramping up again. Both total flows and speculative flows have bottomed and are now aligning, a dynamic that typically fuels a bullish environment backed by fundamentals. The long-term outlook appears increasingly constructive, supported by improving liquidity and favorable on-chain trends.

经过一段时间的合并，WOO强调，资本流入比特币网络正在再次增加。总流量和投机性流量都已经触底并且正在对齐，这种动态通常会为基本面支持的看涨环境提供。长期前景似乎越来越建设性，通过改善流动性和有利的链链趋势的支持。

At the same time, Bitcoin’s fundamentals have shown a major positive shift. If the current capital flow trend persists, Bitcoin is setting up for a potential break above previous highs. Woo describes the present market regime as a solid long-term setup, with dips seen as buying opportunities rather than warning signals.

同时，比特币的基本面显示了重大的积极转变。如果当前的资本流趋势持续存在，则比特币正在设置潜在的突破以上的高点。 Woo将目前的市场制度描述为坚实的长期设置，下降是购买机会而不是警告信号。

Short-Term Friction Ahead, But Higher Targets Remain

短期摩擦未来，但仍有更高的目标

In his latest analysis, Woo cautions that while the broader trend is upward, the immediate momentum may face some friction. Bitcoin’s on-chain VWAP (Volume-Weighted Average Price) is currently sitting at +3 standard deviations, suggesting a state of overextension.

Woo在他的最新分析中警告说，尽管更广泛的趋势是向上的，但即时的动力可能会面临一些摩擦。比特币的链链VWAP（体积加权平均价格）目前处于+3标准偏差，表明过度扩张的状态。

This overbought condition implies that sideways action or, at best, a slow grind upwards is likely in the near term rather than a sharp breakout. Still, Woo emphasizes that the market’s underlying structure remains solidly bullish.

这种过多的条件意味着侧向行动，或者充其量是在短期内而不是急剧的突破。尽管如此，Woo还是强调市场的基本结构仍然是坚定看涨的。

Higher Price Targets Come Into Focus

较高的目标目标成为焦点

Medium-term price targets of $90,000 and $93,000 have already been met, according to Woo’s tracking. New interim targets around $103,000 are now forming, with the broader objective still set at $108,000.

根据Woo的跟踪，已经实现了90,000美元和93,000美元的中期目标目标。现在，新的临时目标约为103,000美元，而更广泛的目标仍然设定为108,000美元。

Importantly, Woo notes that these targets are supported by underlying capital inflows and not just speculative trading, strengthening the case for durable upside.

重要的是，Woo指出，这些目标是通过基本的资本流入而不仅仅是投机性交易来支持的，从而加强了耐用上升空间的案例。

Liquidity Returns, Downside Risks Muted

流动性回报，下行风险静音

Woo’s analysis also highlights that liquidity has returned to the market. His risk model has started trending downward, a signal that financial conditions are easing and supporting further asset accumulation.

Woo的分析还强调，流动性已经返回市场。他的风险模型已经开始向下趋势，这表明财务状况正在缓解并支持进一步的资产积累。

With stronger capital flows and improved liquidity, downside pullbacks are expected to be muted under the current environment.

随着资本流动更高和流动性的提高，下降的回调预计将在当前环境下静置。

Outlook: Willy Woo Sees Bullish Foundations Strengthening

展望：威利·沃（Willy Woo）认为看涨基础正在加强

Overall, Bitcoin’s backdrop is rapidly improving according to Willy Woo’s on-chain analysis. Fundamentals have turned decisively bullish, network activity is accelerating, and market liquidity is deepening.

总体而言，根据Willy Woo的链分析，比特币的背景正在迅速改善。基本原理变成了果断的看涨，网络活动正在加速，市场流动性正在加深。

While short-term consolidation may still occur, the broader setup points to continued expansion — and a real shot at pushing Bitcoin into new all-time highs over the coming months.

尽管可能仍会发生短期合并，但更广泛的设置要持续扩展 - 并且在未来几个月内将比特币推向新的历史最高点的真实镜头。

As Woo puts it, this is not a bad setup to break all-time highs.

正如Woo所说的那样，这并不是打破历史最高点的糟糕设置。