比特币（BTC）再次表现出强度，因为市场数据指向不受投机峰值驱动的稳定反弹

世界上最大的加密货币，比特币BTC $ 96 611 24H波动率：2.1％的市值：$ 1.92 T卷。 24H：$ 29.09 B，再次显示出力量。

The world's largest cryptocurrency, Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B , is showing strength again as it continues to build a more stable phase in the current bull cycle, new data from CryptoQuant suggests.

世界上最大的加密货币，比特币BTC $ 96 611 24H波动率：2.1％的市值：$ 1.92 T卷。 24H：$ 29.09 b，在当前的牛周期中继续建立一个更稳定的阶段，这再次显示出强度。

This time, the rebound is not being driven by speculative spikes in funding rates or massive trading volumes on Binance, a pattern that usually leads to price drops as the market overheats and is later marked by a surge in leveraged buying and short-term speculation.

这次，反弹并不是由投机率的投机率或大量交易量驱动的，这种模式通常会随着市场过热而导致价格下跌，后来以杠杆购买和短期投机的激增标记。

Bitcoin's Rebound Without Overheating Is A Clear Sign Of A Healthy Bull Market

比特币的反弹而不过热是健康牛市的明显迹象

"This indicates that buying sentiment remains favorable for further upside, suggesting that it’s not yet time to consider an exit." - By @avocado_onchain 🥑

“这表明购买情绪对进一步的上行仍然有利，这表明还不是时候考虑退出了。” - @Avocado_Onchain🥑

As highlighted by CryptoQuant analyst avocado_onchain, despite Bitcoin's price showing signs of recovery, the market buy volume on Binance is decreasing, while funding rates remain stable. This signals that the current price increase is not a hyped event but rather a more fundamental shift in investor behavior.

正如加密分析师Avocado_onchain所强调的那样，尽管比特币的价格显示出恢复的迹象，但赚钱的市场购买量正在减少，而筹资速度仍然稳定。这表明目前的价格上涨不是炒作事件，而是投资者行为的更根本转变。

"The crypto market may have entered a new phase," the analyst remarked.

这位分析师说：“加密市场可能已经进入了一个新阶段。”

According to the analysis, while investor interest has picked up since the last price correction, the market has not yet entered a stage of frantic buying, indicating that the rally could still have legs.

根据分析，尽管自上次价格纠正以来，投资者的兴趣已经兴起，但市场尚未进入疯狂购买的阶段，这表明集会仍然可能有腿。

It is worth noting that since 2023, on-chain data shows that Bitcoin market buy volume has been increasing slowly but steadily, marked by what the analyst describes as a yellow arrow in trading charts.

值得注意的是，自2023年以来，链链数据表明，比特币市场的购买量一直在缓慢而稳定地增加，这是分析师将其描述为交易图表中的黄色箭头的标志。

As Coinspeaker recently noted, Bitcoin is teasing a potential price breakout as it trades at $105,288.89 following a 2% rebound in the past 24 hours.

正如Coinspeaker最近指出的那样，比特币在过去24小时内回弹2％后，比特币的价格突破了105,288.89美元。

Analysts are watching for a “golden cross” pattern to form. This is a bullish signal that occurs when the short-term, say 50-day simple moving average, crosses above the longer-term 200-day simple moving average.

分析师正在观察形成的“金十字”模式。这是一个看涨的信号，当短期（例如50天简单的移动平均线）交叉高于长期200天简单移动平均线时，就会发生这种看涨信号。

The takeaway from CryptoQuant's latest findings is that Bitcoin may be on a solid path upward, without the kind of overheating that has triggered major setbacks in the past.

CryptoQuant的最新发现的收获是，比特币可能处于扎实的道路上，而没有那种过热，而过热过去却引发了重大挫折。

Again, while no one can pinpoint the exact timing of a new all-time high, the current signals suggest there is still room for growth. This outlook encourages caution rather than euphoria, which could serve the long-term sustainability of this rally.

同样，虽然没有人能确定新的历史最高时机的确切时机，但目前的信号表明仍然有生长的余地。这种前景鼓励谨慎而不是欣快，这可以为这次集会的长期可持续性服务。

Whales Silently Accumulate As Bitcoin Price Remains Above $100K

鲸鱼默默地积累，因为比特币价格保持在$ 10万美元以上

Several major Bitcoin holders, known as whales, are making large withdrawals from centralized exchanges, according to Lookonchain's data. This signals strong confidence in the asset's future price movement.

根据LookonChain的数据，几个主要的比特币持有人，称为鲸鱼，正在从集中式交流中进行大规模撤离。这表明对资产的未来价格变动有强烈的信心。

Many whales are accumulating $BTC!

许多鲸鱼正在积累$ BTC！

bc1qcp withdrew another 1,350 $BTC($141.91M) from #Binance 8 hours ago and currently holds 20,723 $BTC($2.19B).

BC1QCP从8小时前撤回了另外1,350美元的BTC（1.4191亿美元），目前持有20,723美元的BTC（2.19B美元）。

bc1qpu (linked to Abraxas Capital) withdrew 675 $BTC($71.03M) from #Kraken 7 hours ago and currently holds 1,797 $BTC($190.11M).

BC1QPU（链接到Abraxas Capital）从#Kraken 7小时前撤回了675美元的BTC（7130万美元），目前持有1,797美元的BTC（$ 190.111万美元）。

A… pic.twitter.com/Jccvs4xhvK

A…pic.twitter.com/jccvs4xhvk

— Lookonchain (@lookonchain) May 20, 2025

- lookonchain（@lookonchain）2025年5月20日

In the past 24 hours, notable activity has been recorded from wallets making sizable exits from Binance and Kraken. Per the update, wallet bc1qcp withdrew 1,350 BTC (worth over $141 million) from Binance, bringing its total holdings to 20,723 BTC, or roughly $2.19 billion.

在过去的24小时内，从钱包中记录了著名的活动，从而使Binance和Kraken相当大。根据更新，Wallet BC1QCP从Binance撤回了1,350 BTC（价值超过1.41亿美元），其总持股量达到20,723 BTC，约为219亿美元。

Around the same time, wallet bc1qpu, likely connected to Abraxas Capital, removed 675 BTC from Kraken and now holds 1,797 BTC, valued at approximately $190 million.

大约在同一时间，可能与Abraxas Capital相连的Wallet BC1QPU从Kraken删除了675 BTC，现在持有1,797 BTC，价值约1.9亿美元。

Another newly created wallet, bc1q5k, also withdrew 500 BTC from Binance, equal to $51.5 million. This cluster of high-value movements implies ongoing accumulation by institutional players. It also shows long-term holders who prefer to store Bitcoin offline, away from the influence of short-term trading.

另一个新创建的钱包BC1Q5K也从Binance撤回了500 BTC，等于5150万美元。这一群高价值运动意味着机构参与者的持续积累。它还显示了长期持有人更喜欢脱机比特币，这会远离短期交易的影响。

It is worth noting that such movements often signal a bullish outlook. This is because investors typically transfer funds off exchanges when they plan to hold rather than sell.

值得注意的是，这样的动作通常标志着看涨的前景。这是因为投资者计划持有而不是出售时，通常会转移资金。

Michael Saylor's Strategy has acquired $764 million worth of Bitcoin in line with the current positive outlook. This brought its total holdings to 576,230 BTC amid growing BTC yield. Japanese investment firm Metaplanet also executed its second-largest single Bitcoin purchase to date. The firm purchased

迈克尔·塞勒（Michael Saylor）的策略已根据目前的积极前景收购了价值7.64亿美元的比特币。由于BTC收益率的增长，这使其总持有量达到576,230 BTC。迄今为止，日本投资公司Metaplanet还执行了其第二大单币购买。公司购买了