随着长期持有人的增加，比特币（BTC）市场表现出很高的看涨势头

比特币（BTC）市场在上周高度看涨，价格上涨了10％以上。

The Bitcoin (BTC) market displayed considerable bullishness last week, with prices surging by over 10%. Amidst this positive development, there has been notable investor activity, which points to an unyielding demand that could support a sustained price uptrend.

比特币（BTC）市场上周表现出相当大的看涨，价格飙升了10％以上。在这一积极的发展中，有杰出的投资者活动，这表明需求不足以支持持续的价格上涨。

BTC Supply Shake-Up: Long-Term Holders Increase, New Buyers Step In Above $92K

BTC供应改动：长期持有人增加，新买家的速度超过$ 92K

In a recent X post, popular crypto pundit Axel Adler Jr. shared some interesting on-chain insights on the Bitcoin market.

在最近的X帖子中，流行的Crypto Pundit Axel Adler Jr.在比特币市场上分享了一些有趣的链上的见解。

Using data from CryptoQuant, Adler reports that the market supply of short-term holders decreased by 359,000 BTC, valued at $33.84 billion, over 16 days between April 4-21. Interestingly, this decline was not due to selling pressure but rather coin maturation, resulting in a transition to the long-term holders category.

阿德勒（Adler）使用CryptoQuant的数据报告说，在4月4日至21日之间，短期持有人的市场供应减少了359,000 BTC，价值338.4亿美元，价值338.4亿美元。有趣的是，这种下降不是由于销售压力而是硬币成熟，导致过渡到长期持有人类别。

This is a positive market signal indicating that holders are confident in Bitcoin’s long-term prospects. By opting against selling, holders are strengthening the underlying market demand, providing a solid foundation for future price rallies.

这是一个积极的市场信号，表明持有人对比特币的长期前景充满信心。通过反对销售，持有人正在加强基本的市场需求，为未来的价格集会提供了坚实的基础。

In another interesting development, Axel Adler Jr also noted that BTC short-term holders’ supply grew by 70,000 BTC, valued at $6.59 billion, in the last two days following Bitcoin’s latest price rally.

在另一个有趣的发展中，小阿克塞尔·阿德勒（Axel Adler）还指出，在比特币最新价格集会之后的最后两天，BTC短期持有人的供应量增长了70,000 BTC，价值65.9亿美元。

The analyst explains that this increase resulted from profit-taking by long-term holders via redistribution as prices climbed. Importantly, short-term holders have effectively absorbed this new supply, signaling strong demand in the Bitcoin market.

分析师解释说，随着价格上涨，长期持有人通过重新分配的利润而产生了这一增加。重要的是，短期持有人有效地吸收了这一新供应，这表明比特币市场的需求强劲。

This demand is highly reflected in Bitcoin’s ability to remain above $92,200, the short-term holders’ cost basis, representing the average acquisition price for their holdings. This indicates a robust market confidence as new buyers are aggressively stepping into the market, expanding the STH cohort.

这种需求高度反映在比特币保持在92,200美元以上的能力，即短期持有人的成本基础上，代表其持股的平均收购价格。这表明，随着新买家正在积极踏入市场，扩大了STH队列，这表明了强大的市场信心。

Overall, the combination of significant coin maturation, healthy redistribution, and Bitcoin’s resilience above the short-term holders’ cost basis highlights a structurally strong market demand.

总体而言，大量硬币成熟，健康的再分配和比特币的弹性之上的结合超过了短期持有人的成本基础，这突出了结构上强劲的市场需求。

With long-term holders demonstrating confidence and new demand effectively absorbing supply, BTC appears well-positioned for sustained upward momentum in the near to mid-term.

由于长期持有人表现出信心和新需求有效地吸收了供应，因此BTC在近期中期的持续向上势头表现良好。

Bitcoin Price Overview

比特币价格概述

At the time of writing, Bitcoin trades at $94,408, reflecting a 0.78% decline in the last day. However, daily asset trading volume is down by 55.53%, suggesting a waning market participation.

在写作时，比特币的交易价格为94,408美元，反映了最后一天下降0.78％。但是，每日资产交易量下降了55.53％，这表明市场参与下降。

Nevertheless, BTC looks set to maintain its price uptrend, having moved past the major resistance level at $91,000, supported by other bullish developments, including a revival in ETF inflows totaling approximately $3.06 billion over the past week.

尽管如此，BTC似乎打算保持其价格上涨趋势，在其他看涨的发展中，已经超过了主要阻力水平的91,000美元，其中包括过去一周的ETF流入总计约30.6亿美元。

The next resistance lies at $96,000, moving past which could pave the way for a further price rise to around $100,000. However, a price rejection could force a return to around $92,000, effectively creating a range-bound movement.

下一个阻力为96,000美元，超越了这可能会为进一步的价格铺平道路，至100,000美元左右。但是，价格拒绝可能会迫使返回92,000美元左右，从而有效地创造了一个范围的运动。