由于阻力区和资金费率异常出现，比特币 (BTC) 努力夺回 10 万美元

比特币 [BTC] 的价格在几天前从该水平回落后，一直在努力将其价格推至 10 万美元以上。虽然这种回调令许多人感到意外，但最新的链上数据揭示了其背后可能的原因。

Bitcoin [BTC] has been attempting to push its price past the $100k mark after pulling back from the level a few days ago. While this pullback surprised many, the latest on-chain data might shed light on the reason behind it.

比特币 [BTC] 的价格在几天前回落后一直试图将其价格推高至 10 万美元大关。尽管这种回调令许多人感到惊讶，但最新的链上数据可能会揭示其背后的原因。

So, does this mean investors will have to wait longer to see the king coin cross that level again?

那么，这是否意味着投资者将不得不等待更长时间才能看到金币再次突破该水平？

What’s the hold-up with Bitcoin?

比特币有什么阻碍？

After a week-long decline, Bitcoin’s price managed a 3% price hike in the last 24 hours. However, this wasn’t enough to push it past the $100k-level.

经过一周的下跌后，比特币价格在过去 24 小时内上涨了 3%。然而，这还不足以使其突破 10 万美元的水平。

Ali Martinez, a popular crypto analyst, shared a tweet highlighting a possible reason behind BTC’s restricted movement. According to the same, the cryptocurrency is facing a brick wall between $97,500 and $99,800, where 924,000 wallets previously purchased over 1.19 million BTC.

受欢迎的加密货币分析师阿里·马丁内斯（Ali Martinez）分享了一条推文，强调了 BTC 流动性受限背后的可能原因。据报道，该加密货币面临着 97,500 美元至 99,800 美元之间的困境，此前有 924,000 个钱包购买了超过 119 万个 BTC。

Martinez mentioned that if BTC can break above that level, then it won’t be too ambitious to expect the coin to reach a new all-time high. AMBCrypto’s analysis of Coinglass’ data also revealed a similar resistance zone near $99k. This was the case, as a significant amount of BTC will get liquidated at that level.

马丁内斯提到，如果比特币能够突破这一水平，那么期望比特币达到新的历史高点就不会太雄心勃勃。 AMBCrypto 对 Coinglass 数据的分析也显示了类似的阻力区域，接近 9.9 万美元。情况就是如此，因为大量比特币将在该水平上被清算。

Source: Coinglass

来源：Coinglass

In the meantime, Alphractal, a data analytics platform, pointed out an anomaly between BTC’s price and its funding rate. The tweet mentioned that the aggregated funding rate reflects the balance between buyers and sellers in perpetual futures contracts.

与此同时，数据分析平台Alphractal指出BTC的价格与其资金费率之间存在异常。推文提到，合计资金费率反映了永续期货合约买家和卖家之间的平衡。

When the funding rate rises substantially, it usually indicates a prevalence of long positions – A sign of market optimism. However, recent trends indicated that Bitcoin began to fall, even though the funding rate remained positive.

当资金费率大幅上升时，通常表明多头头寸盛行——这是市场乐观的迹象。然而，最近的趋势表明，尽管资金费率仍然为正，但比特币开始下跌。

“The price drop, despite the positive Funding Rate, suggests caution. A persistently high Funding Rate may expose the market to liquidations, while stabilization or reversal of the Funding Rate should be monitored to anticipate future moves.”

“尽管资金利率为正，但价格下跌表明了谨慎态度。持续较高的资金费率可能会使市场面临清算风险，而应监控资金费率的稳定或逆转，以预测未来的走势。”

Is BTC done consolidating?

BTC 整合结束了吗？

Now, to see where the king coin may be heading, AMBCrypto checked its critical metrics. The coin’s exchange reserves continued to drop—A sign of rising buying pressure. This finding was further supported by Bitcoin’s buy volume.

现在，为了了解王币可能走向何方，AMBCrypto 检查了其关键指标。代币的外汇储备持续下降——这是购买压力上升的迹象。比特币的购买量进一步支持了这一发现。

The metric touched 100 on 19 December. For starters, a value closer to 100 indicates that buying activity is dominant in the market for a particular asset. In this particular case – BTC.

该指标于 12 月 19 日触及 100。首先，接近 100 的值表明特定资产的购买活动在市场上占主导地位。在这个特殊情况下——比特币。

Source: Hyblock Capital

来源：Hyblock 资本

The Chaikin Money Flow (CMF), on the other hand, had a different reading. The technical indicator registered a decline, which often signifies a drop in buying pressure.

另一方面，柴金资金流向 (CMF) 则有不同的解读。技术指标出现下跌，这通常意味着购买压力下降。

If that’s the case, then investors will have to wait a bit longer to see BTC break the $99k resistance and climb above $100k again.

如果是这样的话，那么投资者将不得不等待更长的时间才能看到 BTC 突破 9.9 万美元的阻力位并再次攀升至 10 万美元以上。