尽管减少了，比特币仍以$ 80K的价格持有地面

Yerevan（Coinchapter.com） - 4月16日，黄金达到了3354美元的历史最高点，而比特币则持有稳固的80,000美元。

Bitcoin (BTC) held firm above crucial levels as market attention turned to U.S. macroeconomic data and the potential for more stimulus.

比特币（BTC）保持在关键水平以上，因为市场的关注转向了美国的宏观经济数据和更多刺激的可能性。

As of Monday morning, Bitcoin was trading at around $80,700. It had faced selling pressure as it approached the $85,000 zone earlier in the year. However, it managed to recover quickly from each setback, suggesting underlying strength.

截至周一早上，比特币的交易价格约为80,700美元。当它在今年早些时候接近85,000美元的区域时，它面临着销售压力。但是，它设法从每个挫折中迅速恢复，这表明了基本的力量。

According to Glassnode’s latest report, Bitcoin’s current cycle was showcasing a change in investor behavior. The deepest drawdown so far was close to 32%, which is milder compared to prior bull markets where corrections exceeded 50%.

根据GlassNode的最新报告，比特币的当前周期正在展示投资者行为的变化。到目前为止，最深的缩水量接近32％，与校正超过50％的牛市相比，这很温和。

Median drawdown for the 2022+ cycle was at -7%, the shallowest on record. In past cycles like 2011–2013 and 2018–2021, median pullbacks reached -22% and -19% respectively. But now, investors appeared more comfortable absorbing volatility rather than exiting positions.

2022+周期的中值降低为-7％，是最浅的记录。在过去的2011 - 2013年和2018 - 2021年的循环中，中位回调分别为-22％和-19％。但是现在，投资者似乎更舒适地吸收波动，而不是退出位置。

This supports Bitcoin’s broader uptrend and suggests a more resilient market structure.

这支持比特币的更广泛的上升趋势，并提出了更具弹性的市场结构。

Since early 2025, each price correction was also more controlled. Capital remained in the market even during weakness, confirmed by the “Realized Cap Net Position Change.” The realized cap has steadily grown, reaching $872 billion by April. It continues to expand at a rate of +0.9% per month.

自2025年初以来，每个价格校正也受到更高的控制。即使在弱点期间，资本仍在市场上，这是“实现的CAP净位置变化”证实的。实现的上限已经稳步增长，到4月到达8720亿美元。它继续以每月 +0.9％的速度扩展。

This shows that long-term investors are adding to positions rather than reducing exposure. Alongside this, realized profits and losses remained largely balanced.

这表明长期投资者正在增加职位，而不是减少曝光率。除此之外，实现的利润和损失基本上保持平衡。

This balance indicates a neutral capital flow environment, which limits the potential for whipsaw volatility and has helped Bitcoin to consolidate above $80,000 with minimal drawdowns.

这种余额表明中立的资本流动环境，这限制了鞭子波动的潜力，并帮助比特币巩固了超过80,000美元的$ 80,000，而下降却最少。

According to Glassnode’s “Percent Supply in Profit Oscillator,” around 75% of the Bitcoin supply is in profit, which is exactly at the long-term average. This level indicates investor confidence and less willingness to sell. Earlier in the cycle, profit supply peaked at 91% but the return to the mean suggests consolidation, not panic.

根据GlassNode的“利润振荡器供应百分比”，大约75％的比特币供应是利润，这正是长期平均水平。此级别表明投资者的信心和销售意愿降低。在周期的早期，利润供应量达到91％的峰值，但平均值的回报表明合并，而不是恐慌。

Bitcoin and Gold Surged Amid Bond Market Stress

在债券市场压力下，比特币和黄金激增

Capital continues to rotate into hard assets. Gold’s 26% year-to-date rise reflects growing demand for monetary hedges as investors moved funds out of traditional markets with bond yields becoming unstable.

资本继续旋转成艰苦的资产。戈尔德（Gold）年初的26％的增长反映了对货币树篱的需求不断增长，因为投资者将资金从传统市场移出，债券收益率变得不稳定。

Between early 2025 and April, U.S. Treasury yields fluctuated between 3.7% and 4.5%, triggering volatility in both bond and equity markets.

在2025年初至4月之间，美国财政部的产量在3.7％至4.5％之间波动，引发了债券和股票市场的波动。

These rapid fluctuations are placing stress on markets, according to Glassnode. The MOVE Index, which measures volatility in Treasury options, spiked sharply. Simultaneously, the VIX index reached levels last seen during past systemic shocks like 2008 and 2020.

根据GlassNode的说法，这些快速的波动会给市场带来压力。衡量国库期权波动率的移动指数急剧上升。同时，VIX指数达到了过去在2008年和2020年（例如2008年和2020年）中的全身性冲击中的最后水平。

These developments parallel broader investor anxiety and shrinking liquidity conditions. In response, capital shifted toward alternative reserves.

这些发展与更广泛的投资者焦虑和流动性条件缩小。作为回应，资本转向替代储备。

As traditional benchmarks lost appeal, both Bitcoin and gold saw strong gains. Bitcoin rebounded from the $75,000 zone to trade above $80,000. Meanwhile, Gold futures reached a new all-time high of $3,354.

随着传统基准失去吸引力，比特币和黄金都获得了巨大的收益。比特币从$ 75,000的区域反弹到超过80,000美元的交易。同时，黄金期货达到了新的3,354美元。

Their parallel performance and recovery from recent volatility highlight their growing role as global neutral stores of value, largely free from centralized monetary policy.

他们的平行表现和从最近的波动性中恢复，突出了它们作为全球价值中立的越来越多的作用，这在很大程度上没有集中的货币政策。