比特币（BTC）的价格真的可以更高吗？专家体重

自2023年10月以来，比特币的价格上涨了260％以上，许多人想知道是否还有更高的空间。

Can Bitcoin (BTC) price go any higher? Crypto expert Gerhard – Bitcoin Strategy, who boasts over 136,000 subscribers, recently unveiled his insights, combining on-chain data with market signals to decipher the market's moves.

比特币（BTC）的价格可以提高吗？ Crypto Expert Gerhard - 拥有136,000多种订户的比特币战略最近揭示了他的见解，将链上数据与市场信号结合在一起，以破译市场的行动。

As we discussed in a previous analysis, Bitcoin’s price has soared more than 260% since October 2023.

正如我们在先前的分析中所讨论的那样，自2023年10月以来，比特币的价格飙升了260％以上。

The crypto expert highlighted the ‘sell-side risk ratio.’ A high reading usually signals we’re nearing the top, investors are in profit, and we might see them cashing out. A low number, on the other hand, usually signals a buying opportunity. According to his analysis, that ratio is still low, and momentum is picking up.

加密专家强调了“卖方风险比率”。高读数通常表示我们要接近最高，投资者正在获利，我们可能会看到他们兑现。另一方面，数量较低，通常标志着购买机会。根据他的分析，该比率仍然很低，动力正在增加。

The majority of Bitcoin’s supply is still held by long-term investors, who tend to buy when prices are down and sell into big rallies. According to charts shared in the video, there was some selling back in April 2024 around the $70K mark and again near $100K. But lately, there hasn't been much selling, suggesting long-term holders still see value at current levels.

长期投资者仍然持有比特币的大部分供应，他们往往在价格下跌并出售为大型集会时购买。根据视频中分享的图表，2024年4月在$ 70K大关上售出了一些售价，又在$ 10万美元左右。但是最近，销售量不多，这表明长期持有人仍然可以看到当前水平的价值。

Stablecoin Dominance and Market Sentiment

稳定的统治力和市场情绪

Gerhard also takes a closer look at stablecoins to measure how confident investors are feeling. The total market cap of stablecoins has climbed to $240 billion, and stablecoin dominance, which shows how much of the market is sitting in cash, has been dropping. Usually, this means people are moving back into riskier assets like Bitcoin.

Gerhard还仔细研究了Stablecoins，以衡量投资者的自信感。 Stablecoins的总市值已攀升至2400亿美元，而Stablecoin Dominance则显示了市场中有多少现金。通常，这意味着人们正在回到比特币等风险的资产中。

Even though yields in DeFi are low right now (just 2.5% to 2.9% for holding stablecoins), capital keeps flowing into crypto. Not for the yield, but because investors expect prices to keep rising. Since the market flipped bullish last October, the stablecoin market cap is up 85%, showing there’s still plenty of interest.

即使Fefi的收益率很低（持有稳定的人只有2.5％至2.9％），资本仍在流入加密货币。不是为了收益，而是因为投资者期望价格上涨。自从去年10月市场翻转看涨以来，斯塔布莱币市值上限上涨了85％，表明仍然有很多兴趣。

What’s the Upside From Here?

从这里有什么好处？

According to Gerhard, there is still room for Bitcoin price to climb. Pointing to past cycles and current market conditions, he suggests an upside target of $130,000 to $150,000. Of course, the path upward is never smooth, and short-term dips of 20% to 30% are common, but the long-term setup remains intact.

根据格哈德（Gerhard）的说法，仍然有比特币价格攀升的空间。他指出了过去的周期和当前的市场状况，他建议将$ 130,000至150,000美元的上行目标上升。当然，向上的路径永远不会平滑，短期降低20％至30％是常见的，但是长期设置仍然完好无损。

Attention also plays a major role as more media coverage floods in, pushing retail interest to new highs and often driving prices to new highs. However, this phase eventually cools off, usually leading to corrections driven by short-term holders.

随着更多的媒体覆盖洪水，人们的关注也起着重要作用，将零售利益推向了新的高点，并且经常将价格推向新的高点。但是，这个阶段最终会冷静下来，通常会导致短期持有人驱动的校正。

Moreover, Ethereum is starting to show signs of life, with its dominance returning to levels last seen in late 2019, which some view as a signal that ETH price may have hit bottom. Still, Bitcoin dominance is increasing, and history tells us that altcoins don't rally until Bitcoin's dominance begins to peak, typically around 70%. For now, it seems like we'll have to be patient on the altcoin front.

此外，以太坊开始显示生命的迹象，其优势恢复到了2019年底的最后水平，这是一种信号，表明ETH价格可能已经达到最低点。尽管如此，比特币的优势仍在增加，历史告诉我们，直到比特币的统治地位开始达到顶峰，山寨币才集结，通常约为70％。目前，似乎我们必须在Altcoin Front上耐心等待。

Another big part of Gerhard’s analysis is wallet tracking. Some of the biggest returns in crypto come from spotting small-cap tokens before they explode. One way to do that is by watching what major influencers and insiders are buying.

Gerhard分析的另一个重要部分是钱包跟踪。加密货币中一些最大的回报来自在爆炸之前发现小帽子令牌。做到这一点的一种方法是观察主要影响者和内部人士购买的东西。

Tokens like KEK and Virtual witnessed significant gains after being acquired early by prominent figures like Brian Jung and the CryptoBanter team. By utilizing blockchain tools, investors can now monitor these wallet movements in real time and gain an edge by investing earlier in promising ventures.

像Kek和Virtual这样的代币在被Brian Jung和The Cryptobanter团队等著名人物收购之后，见证了巨大的收益。通过利用区块链工具，投资者现在可以实时监视这些钱包的动作，并通过早期投资有前途的企业来获得优势。