比特币（BTC）的价格上涨了强劲的恢复，恢复了其最近的大部分下降

经过一周的下降价格行动，比特币（BTC）在周末进行了强劲的康复，重新确定了其最近的大部分下降。

After a week of downward price action, Bitcoin (BTC) staged a strong recovery over the weekend, reclaiming much of its recent decline. It is now trading just shy of its all-time high (ATH) of $111,814, recorded in May 2025.

经过一周的下降价格行动，比特币（BTC）在周末进行了强劲的康复，重新确定了其最近的大部分下降。现在，它的交易远低于其历史最高（ATH）的$ 111,814，该高价（ATH）于2025年5月记录。

Bitcoin May Have More Room To Run

比特币可能有更多的运行空间

According to a recent CryptoQuant Quicktake post by contributor Avocado_onchain, Bitcoin’s current upward momentum – hovering just below its ATH – may still have room to run, potentially leading to a new record “at any moment.”

根据贡献者鳄梨_onchain的撰稿人速度帖子最近的一篇加密速度帖子，比特币目前的上升势头 - 悬停在其ATH下方 - 可能仍然有跑步的余地，可能会导致“随时”获得新的纪录。

The analyst noted that the current rally stands apart from previous ones due to its emergence in a “much quieter market environment.” This observation is supported by the ongoing lack of retail investor participation.

分析师指出，目前的集会与以前的集会不同，因为它在“更安静的市场环境”中出现。这一观察结果是由于不断缺乏散户投资者参与的支持。

For instance, Google Trends data shows that search interest in Bitcoin remains significantly low – around a score of 21 – compared to a peak of 66 in November 2024. For reference, it stood at 100 during the bull market of May 2021.

例如，Google趋势数据显示，对比特币的搜索兴趣仍然很低，比2024年11月的66峰值达到21分。

Similarly, a key on-chain metric called the 30-day Binary Coin Days Destroyed (CDD) has been declining even as BTC’s price rises. This suggests that long-term holders (LTHs) are choosing to hold their Bitcoin rather than sell.

同样，即使BTC的价格上涨，被摧毁的30天二元硬币日（CDD）的关键链链度量也在下降。这表明长期持有人（LTHS）选择持有其比特币而不是出售。

For the uninitiated, Bitcoin Binary CDD measures the sum of coin days – coins held multiplied by days held – spent in a transaction, indicating when LTH move their coins. High CDD suggests significant activity from older coins, often signaling potential market shifts as long-term investors sell.

对于未经启发的比特币，二进制CDD测量了在交易中花费的硬币日的总和 - 乘以数天的硬币，表明LTH何时移动硬币。高CDD表明，较旧的硬币的重大活动，通常会表明由于长期投资者出售而潜在的市场转变。

Conversely, declining Binary CDD suggests fewer old coins are being spent, implying reduced selling pressure from LTH. This behavior often reflects rising confidence or accumulation, potentially indicating bullish sentiment as circulating supply tightens.

相反，二进制CDD的下降表明，花费的旧硬币很少，这意味着LTH的销售压力降低。这种行为通常反映出信心的上升或积累，可能表明看涨的情绪随着循环供应而收紧。

Another metric underscoring the subdued retail presence is the Premium Index across exchanges. While the Coinbase Premium is nearing levels last seen in April 2024, the Korea Premium Index remains relatively low – pointing to a lack of retail-driven enthusiasm in the current rally.

另一个指标强调零售零售的是跨交易所的高级指数。尽管Coinbase Premium在2024年4月最后一次接近水平，但韩国高级指数仍然相对较低 - 指出目前的集会中缺乏零售驱动的热情。

Additionally, the Market Value to Realized Value (MVRV) ratio has been gradually increasing, but without the sharp spikes usually seen during overheated market conditions.

此外，实现价值（MVRV）比率的市场价值逐渐增加，但是没有在过热的市场条件下通常看到的尖峰。

BTC May Face Some Hurdles

BTC可能会面临一些障碍

Despite the absence of market euphoria, some indicators suggest that Bitcoin could encounter headwinds in the weeks ahead. For example, the Bitcoin RCV indicator has recently exited the “buy” zone, raising caution flags.

尽管没有市场欣喜，但一些指标表明比特币在未来几周内可能会遇到逆势。例如，比特币RCV指标最近退出了“买入”区域，提高了警告旗。

There are also signs that selling pressure may increase. Notably, miner-to-exchange transfers have recently surged to historic highs, indicating that BTC miners may be opting to liquidate rather than hold their reserves.

也有迹象表明销售压力可能会增加。值得注意的是，矿工到交换的转移最近已飙升至历史高潮，这表明BTC矿工可能选择清算而不是持有其储备。

At press time, BTC trades at $108,614, up 0.9% in the past 24 hours.

发稿时，BTC的交易价格为108,614美元，在过去24小时内增长了0.9％。