链上分析师表示，比特币（BTC）可能尚未达到最高需求水平

链上分析师阿克塞尔·阿德勒 (Axel Adler) 表示，比特币 [BTC] 的需求尚未达到最高水平。

On-chain data suggests that Bitcoin [BTC] may still be far from peak demand. This could be due to lower demand from new investors, compared to previous bull markets.

链上数据表明，比特币 [BTC] 可能仍远未达到需求峰值。这可能是由于与之前的牛市相比，新投资者的需求较低。

However, according to on-chain analyst Axel Adler, in his post on X, new investors are likely to begin buying BTC at a later stage.

然而，链上分析师 Axel Adler 在 X 上的帖子中表示，新投资者可能会在稍后阶段开始购买 BTC。

One way to gauge this is by analyzing the Ratio of Old and New Bitcoin Supply.

衡量这一点的一种方法是分析新旧比特币供应的比率。

As highlighted in the chart below, Bitcoin is yet to reach the zones of high demand. Hence, the chances of a price hike in the mid to long-term may be higher.

如下图所示，比特币尚未达到高需求区域。因此，中长期价格上涨的可能性较大。

Source: X

来源：X

New investors are not around

新投资者不在身边

At press time, Bitcoin’s price was $63,719 after falling by almost 5% in the last seven days. To ascertain if BTC’s price will hike, AMBCrypto looked at user engagement and growth on the network

截至发稿时，比特币价格在过去 7 天下跌近 5% 后为 63,719 美元。为了确定 BTC 的价格是否会上涨，AMBCrypto 研究了网络上的用户参与度和增长情况

In the metric provided by IntoTheBlock, we have the new addresses, active addresses and zero-balance addresses. Active addresses measure the number of existing users transacting on the network.

在 IntoTheBlock 提供的指标中，我们有新地址、活跃地址和零余额地址。活跃地址衡量在网络上进行交易的现有用户数量。

New addresses, on the other hand, mean the number of addresses completing their first transaction. At press time, Bitcoin active addresses had risen by 6.47% in the last seven days.

另一方面，新地址意味着完成第一笔交易的地址数量。截至发稿，比特币活跃地址近7天上涨6.47%。

Zero-balance addresses jumped by 22% while new addresses remained almost the same. The stagnancy in new addresses is a reflection of Adler’s opinion above. For the price, this could bring about another decrease.

零余额地址增长了 22%，而新地址几乎保持不变。新地址的停滞反映了阿德勒的上述观点。对于价格而言，这可能会带来另一次下降。

Recently, AMBCrypto reported how an analyst predicted that the coin could drop to $54,000. While this might not happen in the short term, BTC can fall towards $61,000 on the charts.

最近，AMBCrypto 报道了一位分析师如何预测该代币可能会跌至 54,000 美元。虽然这可能不会在短期内发生，但 BTC 可能会跌至图表上的 61,000 美元。

Source: IntoTheBlock

来源：IntoTheBlock

Holders continue to sell

持有者继续抛售

We also analyzed the Mean Coin Age (MCA). The MCA shows the average age of all coins based on the weighted purchase price. When the metric rises, it means that old coins are moving from their previous storage.

我们还分析了平均币龄（MCA）。 MCA 根据加权购买价格显示所有代币的平均年龄。当该指标上升时，意味着旧代币正在从之前的存储中移出。

In most cases, this means that long-term holders are selling. However, when the MCA falls, it implies that holders of the coin do not want to sell. Instead, market participants are accumulating new coins and retiring them to a cold wallet.

在大多数情况下，这意味着长期持有者正在抛售。然而，当 MCA 下跌时，这意味着代币持有者不想出售。相反，市场参与者正在积累新的代币并将其存放到冷钱包中。

At press time, Bitcoin’s 90-day MCA was still on its uptrend from 1 June. Should this go on, the price of the coin might drop, and the $61,000 prediction could become a reality.

截至发稿时，比特币的 90 天 MCA 仍处于 6 月 1 日以来的上升趋势。如果这种情况持续下去，代币的价格可能会下跌，61,000 美元的预测可能会成为现实。

In addition, the Relative Strength Index (RSI) on the 4-hour chart fell. The RSI is a technical oscillator that tracks an asset’s momentum.

此外，4小时图上的相对强弱指数（RSI）下跌。 RSI 是跟踪资产动量的技术振荡指标。

It also tells us when a cryptocurrency is overbought or oversold. Values of 70 or above mean overbought while readings below 30 means oversold. At press time, Bitcoin’s RSI was close to the oversold region.

它还告诉我们加密货币何时超买或超卖。数值为 70 或以上意味着超买，而读数低于 30 意味着超卖。截至发稿时，比特币的 RSI 已接近超卖区域。

Source: Santiment

资料来源：Santiment

Is your portfolio green? Check the Bitcoin Profit Calculator

您的投资组合是绿色的吗？检查比特币利润计算器

This indicates that momentum has been bearish. As such, a further price fall could be possible.

这表明势头已经看跌。因此，价格可能进一步下跌。

However, if buying pressure increases, the price might rebound. As far as demand is concerned, it might remain low for the next few weeks.

然而，如果购买压力增加，价格可能会反弹。就需求而言，未来几周可能会保持低位。