链数据显示，比特币（BTC）的阻力水平显着。

在X上的新帖子中，市场情报平台Intotheblock讨论了BTC的支持和阻力水平如何从链上看

On-chain data from IntoTheBlock highlights a massive Bitcoin supply wall in the vicinity of the $97,200 price level, posing a potential hindrance to BTC’s further advances.

来自Intotheblock的链链数据突出显示了97,200美元的价格水平附近的巨大比特币供应墙，这对BTC的进一步进一步构成了潜在的障碍。

According to a recent analysis by IntoTheBlock, Bitcoin (BTC) appears to be facing significant resistance at price levels just ahead, based on on-chain supply distribution.

根据Intotheblock的最新分析，基于链供应分布，比特币（BTC）似乎在价格水平上面临着明显的抵抗力。

The analysis, shared in a new post on X, aims to identify support and resistance levels for BTC from an on-chain perspective. In on-chain analysis, the potential of any price level to act as support or resistance lies in the amount of supply that was last transferred or purchased at it.

该分析在X上的新帖子中分享，旨在从链的角度识别BTC的支持和阻力水平。在链分析中，任何价格水平充当支持或阻力的潜力在于最后转移或购买的供应量。

The chart below from the analytics firm shows the supply distribution of the cryptocurrency at price levels near the current spot Bitcoin value.

下面的分析公司的图表显示了当前比特币值接近的价格水平的加密货币的供应分布。

In the graph, the size of the dot correlates to the amount of BTC that investors last bought in the corresponding price range. It would appear that the $96,400 to $98,400 range currently has a particularly large dot associated with it, which implies these levels host the cost basis of a significant number of holders.

在图中，点的大小与投资者最后在相应价格范围内购买的BTC数量相关。看来，目前96,400至98,400美元的$ 98,400范围与之相关，这意味着这些级别具有大量持有人的成本基础。

More specifically, around 1.6 million addresses last acquired a total of 1.57 million BTC inside the range. Since Bitcoin is trading under these levels at the moment, all of these investors would be underwater.

更具体地说，大约有160万个地址上次获得了该范围内总计157万BTC。由于目前比特币在这些水平下进行交易，因此所有这些投资者都将在水下。

Holders in loss can be desperate to recoup their investment, so selling from them can sometimes occur as soon as the price of the cryptocurrency rises back to its cost basis.

损失的持有人可能迫切希望收回投资，因此，一旦加密货币的价格升至其成本基础，有时可能会出售它们。

While selling from a few investors isn’t anything to write home about, when the price is retesting a range holding the acquisition level of a significant number of addresses, a reaction large enough may be produced to influence the asset’s value.

虽然从少数投资者出售并没有什么可写的，但是当价格重新测试范围内，持有大量地址的收购水平时，可能会产生足够大的反应以影响资产的价值。

The $96,400 to $98,400 range is clearly quite large, so it’s possible that it could be the reason why Bitcoin has been unable to find any bullish breaks during the past week.

$ 96,400至$ 98,400的范围显然很大，因此可能是比特币在过去一周中找不到任何看涨休息时间的原因。

Just like how supply blocks above the spot price can end up acting as a source of resistance for the asset, those below can be a point of support. This happens because investors who were once in profit may believe that the price would go up again in the near future, so they could decide to double down on their bet and take advantage of the ‘dip’.

就像高于现货价格的供应块最终可以充当资产的电阻来源一样，下面的资产也可以是支持点。之所以发生这种情况，是因为曾经获利的投资者可能会认为价格会在不久的将来再次上涨，因此他们可以决定赌注加倍并利用“蘸酱”。

Currently, $93,400 to $96,200 is the strongest support wall that BTC has out of the nearby ranges. However, it contains a lower amount of supply than the aforementioned resistance block, meaning that its effect should be weaker.

目前，$ 93,400至$ 96,200是BTC在附近范围内拥有的最强支撑墙。但是，它包含的供应量低于上述电阻块，这意味着其效果应较弱。

If the support range is lost, there are only thin walls waiting for Bitcoin up to $81,800. It now remains to be seen whether Bitcoin can surpass the resistance, or if it would find itself retesting one of these weaker support levels.

如果支撑范围丢失，只有薄壁等待比特币高达81,800美元。现在，比特币是否可以超越阻力，还是发现自己正在重新测试这些较弱的支撑水平之一，还有待观察。