比特币进入牛市阶段

比特币正在进入这个周期的最后阶段，因为它接近历史高点并接近未知领域。这一关键时刻具有重大意义

As Bitcoin approaches all-time highs, close observers are anticipating a pivotal moment in this market cycle. This week holds great significance not because of the upcoming U.S. election or the Federal Reserve’s pending interest rate decision, but due to BTC's imminent entry into uncharted territory.

随着比特币接近历史新高，密切观察者预计这一市场周期的关键时刻将到来。本周具有重要意义，不是因为即将到来的美国大选或美联储悬而未决的利率决定，而是因为比特币即将进入未知领域。

If BTC crosses this milestone, it will enter a “price discovery” mode, potentially setting off a massive rally across the entire crypto market.

如果比特币跨越这一里程碑，它将进入“价格发现”模式，可能会引发整个加密货币市场的大规模反弹。

This bullish anticipation is supported by data from CryptoQuant analyst Maartunn, who highlights that Bitcoin Long-Term Holders sold an impressive 177,617 BTC in the last seven days. This metric tracks the movement of older BTC, usually held by investors with a long-term perspective.

CryptoQuant 分析师 Maartunn 的数据支持了这种看涨预期，他强调比特币长期持有者在过去 7 天内售出了令人印象深刻的 177,617 BTC。该指标跟踪较旧的比特币的走势，这些比特币通常由具有长期眼光的投资者持有。

This wave of selling from seasoned holders often signals a bullish phase, indicating that they're taking profits ahead of a potential market shift. This positioning aligns with BTC's momentum near its peak, suggesting that many see current prices as ideal to lock in gains, possibly making room for fresh buyers and new demand.

经验丰富的持有者的这一波抛售通常预示着看涨阶段，表明他们在潜在的市场转变之前获利了结。这一定位与比特币接近峰值的势头一致，表明许多人认为当前价格是锁定收益的理想选择，可能为新买家和新需求腾出空间。

With BTC so close to all-time highs, any upward breakout could shift the entire market's sentiment and initiate a substantial bullish rally, marking this week as a critical period for BTC and the broader crypto landscape.

由于比特币如此接近历史高点，任何向上突破都可能改变整个市场的情绪并引发大幅看涨反弹，这标志着本周是比特币和更广泛的加密货币格局的关键时期。

Bitcoin Entering The Bull Run Phase

比特币进入牛市阶段

As Bitcoin approaches all-time highs and enters the final phase of this cycle, this pivotal moment has drawn the attention of analysts and investors in the crypto market.

随着比特币逼近历史高点并进入本周期的最后阶段，这一关键时刻引起了加密市场分析师和投资者的关注。

Recently, CryptoQuant analyst Maartunn shared the Balance Change by Time Held chart, revealing that BTC Long-Term Holders (LTH) sold 177,617 BTC in the last seven days. This chart tracks the movement of older BTC, typically owned by investors with a long-term perspective.

最近，CryptoQuant 分析师 Maartunn 分享了按持有时间划分的余额变化图表，显示 BTC 长期持有者（LTH）在过去 7 天内出售了 177,617 BTC。该图表跟踪了较旧的比特币的走势，这些比特币通常由具有长远眼光的投资者持有。

Compared to short-term speculators, Long-Term Holders are less affected by market volatility. Their activity often serves as a contrarian indicator. They tend to buy and increase their holdings during price dips and sell when prices surge. As BTC's price rose over the past few days, there has been a noticeable uptick in LTH distribution, signaling a potential shift in sentiment among these seasoned investors.

与短期投机者相比，长期持有者受市场波动的影响较小。他们的活动通常可以作为反向指标。他们倾向于在价格下跌时买入并增持，并在价格上涨时卖出。随着过去几天 BTC 价格的上涨，LTH 分布也明显上升，这表明这些经验丰富的投资者的情绪可能发生转变。

This activity aligns with patterns observed during previous bull runs in 2018, 2021, and 2024, where LTH activity played a crucial role in price movements. The current surge in BTC’s price and increased selling from LTHs suggest that these investors might be taking profits ahead of a potential breakout, reflecting their confidence in the market’s trajectory.

这一活动与 2018 年、2021 年和 2024 年之前牛市期间观察到的模式一致，其中 LTH 活动在价格走势中发挥了至关重要的作用。目前比特币价格的飙升和 LTH 抛售的增加表明，这些投资者可能会在潜在突破之前获利了结，这反映出他们对市场轨迹的信心。

As Bitcoin approaches its all-time highs, the dynamics between Long-Term Holders and the broader market will be crucial in determining whether it can sustain momentum and enter a new price discovery phase. This week could set the tone for the future of Bitcoin and the entire cryptocurrency market.

随着比特币接近历史高点，长期持有者与更广泛市场之间的动态对于决定其是否能够维持势头并进入新的价格发现阶段至关重要。本周可能为比特币和整个加密货币市场的未来定下基调。

BTC Nears ATH After Dipping Yesterday, BTC trades above the $68,000 mark. As it hovers just below $69,000, market participants closely follow the unfolding events surrounding the US election.

BTC 在下跌后接近 ATH 昨天，BTC 交易价格高于 68,000 美元大关。由于其徘徊在略低于 69,000 美元的水平，市场参与者密切关注围绕美国大选展开的事件。

For bulls to regain momentum and steer towards a bullish trajectory, BTC must breach the $70,000 resistance in the coming days and set its sights on its all-time highs.

为了让多头重获动力并走向看涨轨迹，BTC 必须在未来几天突破 70,000 美元的阻力位，并将目光瞄准历史高点。

However, the volatile nature of the market and the uncertainty surrounding economic factors could lead to price movements that might push BTC lower. If such a scenario unfolds, a key support level to watch for is the $66,500 mark, a critical demand zone that upholds the bullish price structure. Maintaining support above this level is essential for sustaining the upward momentum and avoiding a deeper correction.

然而，市场的波动性和经济因素的不确定性可能会导致价格波动，从而推低比特币价格。如果出现这种情况，需要关注的关键支撑位是 66,500 美元大关，这是支撑看涨价格结构的关键需求区域。维持该水平上方的支撑对于维持上行势头并避免更深层次的调整至关重要。

As the market awaits the election results, traders remain cautious, with price action likely influenced by the political landscape and broader economic sentiment. The coming days will be pivotal for Bitcoin as it seeks to establish a firm foundation to drive further gains and possibly enter a new price discovery phase.

在市场等待选举结果之际，交易员保持谨慎，价格走势可能受到政治格局和更广泛的经济情绪的影响。未来几天对比特币来说至关重要，因为它寻求建立坚实的基础来推动进一步上涨，并可能进入新的价格发现阶段。