比特币（BTC）较晚的渴望随着价格下降到110,000美元以下

由于比特币（BTC）在周末经历了适度的下降 - 从近112,000美元下降到106,600美元 - 迟到了

As Bitcoin (BTC) experienced a modest dip over the weekend – falling from nearly $112,000 to $106,600 – late longs bore the brunt, with over-leveraged traders facing significant liquidations. In contrast, long-term investors took advantage of the pullback to increase their BTC exposure.

由于比特币（BTC）在周末经历了适度的下跌 - 从近112,000美元下降到106,600美元 - 较晚的渴望首当其冲，杠杆率过高的交易员面临大量清算。相比之下，长期投资者利用了回调来增加其BTC的风险。

Bitcoin Late Longs Get Wiped Out

比特币迟到了

According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Bitcoin’s price drop below the key $111,000 level triggered a cascade of liquidations that primarily affected late long positions. In total, the downward move led to approximately $185 million in long position liquidations.

根据撰稿人Amr Taha最近的一份加密快速帖子的报道，比特币的价格下跌以下，低于111,000级的关键，触发了一系列清算，主要影响了较晚的长位置。总体而言，下降的举动大约导致了大约1.85亿美元的长位置清算。

For the uninitiated, Bitcoin late longs refer to leveraged long positions entered into after a price rally, often by traders expecting further short-term gains. These positions are vulnerable to sudden price drops, leading to rapid liquidations when support levels fail.

对于初学者，比特币晚期的朗人是指在价格集会后杠杆率的长头寸，通常是交易者期望进一步的短期收益。这些职位容易受到突然价格下跌的影响，当支持水平失败时，会导致迅速的清算。

The first major liquidation cluster occurred around $110,900. Once BTC fell below this level, over $97 million in long positions were wiped out. A second wave of liquidations followed when the price dipped below $109,000, wiping out an additional $88 million in leveraged longs within hours.

第一个主要清算集群发生在$ 110,900左右。一旦BTC降至此水平以下，就消除了超过9700万美元的长位置。当价格下降到109,000美元以下时，第二浪是清算浪潮，在几个小时内又消耗了8800万美元的杠杆效果。

While short-term holders (STH) faced heavy losses, long-term holders (LTH) responded differently. Rather than being shaken out, they seized the opportunity to accumulate more Bitcoin.

尽管短期持有人（STH）面临严重的损失，但长期持有人（LTH）的反应也有所不同。他们没有被震撼，而是抓住了积累更多比特币的机会。

Taha highlighted that, based on the STH/LTH Net Position Realized Cap chart, the LTH realized capitalization has now exceeded $28 billion for the first time since April 2025. The analyst added:

塔哈（Taha）强调，根据STH/LTH净净额的上限图表，第Lth实现了自2025年4月以来首次超过280亿美元。分析师补充说：

“With the LTH realized cap now surpassing $28 billion, it’s clear that long-term investors are using this period of forced selling to increase their exposure and accumulate more Bitcoin for the long run. This strategic accumulation during moments of market stress reflects the deep conviction of LTHs.”

“随着第LTH实现的上限现在超过了280亿美元，很明显，长期投资者正在使用这段强迫销售时期来增加其曝光率，并从长远来看增加了更多的比特币。在市场压力时期，这种战略性积累反映了LTH的深刻信念。”

In a separate post on X, noted crypto analyst Titan of Crypto noted that Bitcoin recently achieved its highest weekly close ever. This milestone underscores the strong bullish sentiment shared among long-term investors, who continue to anticipate higher prices.

Crypto的Crypto分析师Titan在X上的另一篇文章中指出，比特币最近获得了有史以来最高的每周关闭。这个里程碑强调了长期投资者中共同的强烈看涨情绪，他们继续预计价格更高。

What Is Working For BTC?

BTC有什么作用？

Several market observers have pointed out that the current rally appears more sustainable than previous ones, with fewer signs of euphoria. Analysts argue that Bitcoin’s ongoing upward momentum has not exhibited overheating, suggesting a healthier market structure.

几位市场观察家指出，目前的集会看起来比以前的集会更可持续，欣快的迹象更少。分析师认为，比特币的持续向上势头并没有表现出过热，这表明市场结构更健康。

Moreover, technical indicators suggest ambitious price targets for Bitcoin. For example, analyst Gert Van Lagen has projected that BTC could soar as high as $300,000 during this bull cycle.

此外，技术指标建议比特币的雄心勃勃目标目标。例如，分析师格特·范·拉根（Gert van Lagen）预计，在这个公牛周期中，BTC可能会飙升至30万美元。

Institutional interest also remains strong. Strategy CEO Michael Saylor recently hinted at another large Bitcoin purchase, further reinforcing confidence in BTC’s long-term potential. At press time, BTC trades at $109,535, up 1.9% in the past 24 hours.

机构利益也仍然很大。战略首席执行官迈克尔·赛勒（Michael Saylor）最近暗示了另一次大型比特币购买，进一步增强了对BTC长期潜力的信心。发稿时，BTC的交易价格为109,535美元，在过去24小时内增长了1.9％。