比特币价格集会再次捕获头条新闻

比特币价格集会再次占领了头条新闻，因为BTC损失了94,000美元，从而在加密货币市场上引起了兴奋。

The Bitcoin (BTC) price rally is again capturing headlines as BTC breaks past $94,000, generating excitement across crypto markets. Traders are watching closely, with the $95K level acting as the next big test for bullish momentum.

比特币（BTC）的价格集会再次占据了头条新闻，因为BTC损失了94,000美元，引起了加密货币市场的兴奋。贸易商正在密切关注，95,000美元的水平是对看涨势头的下一个重大考验。

However, beneath the surface, the rally may not be as solid as it seems. Despite recent gains, analysts caution that the surge is primarily fueled by derivatives. ETF (exchange-traded fund) flows rather than organic demand. As Bitcoin price dominates charts, the lack of on-chain activity raises serious sustainability questions for the coming weeks.

但是，在表面下，集会可能不像看起来那样坚固。尽管最近有所收获，但分析人士警告说，激增主要是由衍生物助长的。 ETF（交换基金）流动而不是有机需求。随着比特币价格在图表中占主导地位，缺乏链链活动会在接下来的几周内引起严重的可持续性问题。

Bitcoin Price Rally Fueled By Derivatives, Not Demand

比特币价格集会是由衍生产品推动的，而不是需求

"Network activity is a ghost town. New participants are minimal, and if we look at crypto exchange volume, it's also low. The only high volume is in BTC futures on Binance and FTX, and on-chain analysis shows no new demand.

“网络活动是一个幽灵小镇。新参与者很少，如果我们查看加密货币交换量，它也很低。唯一的高量是BTC的Binance和Binance和FTX，并且链上分析没有新的需求。

Indeed, if we look at the CryptoQuant Network Activity Index, it’s clear that there’s no new demand coming into the Bitcoin network despite the recent price surge. The BTC price is still supported, but without rising on-chain engagement, even strong Bitcoin price support levels may be vulnerable to reversals. Investors should be aware of this and prepare accordingly.

确实，如果我们看一下加密的网络活动指数，很明显，尽管价格上涨，但比特币网络没有新的需求。 BTC价格仍然得到支持，但是没有上升的链上参与度，即使是强大的比特币价格支持水平也可能遭受逆转的影响。投资者应该意识到这一点，并做出相应的准备。

Chart 1: Bitcoin: CryptoQuant Network Activity Index, published on TradingView, April 26, 2025

图1：比特币：加密网络活动指数，在TradingView上发布，2025年4月26日

The crypto market has seen some interesting developments recently, with BTC price now testing the $95K resistance.

加密市场最近看到了一些有趣的发展，BTC价格现在测试了95,000美元的电阻。

Bitcoin price bullish trend faces critical resistance

比特币价格看涨趋势面临关键抵抗

The BTC price rally is now pressing against the $95,000 resistance, a key level that could define the short-term trend. Bitcoin price support at $90K has held firm, allowing bulls to regain confidence and aim for new highs. However, on-chain metrics tell a different story.

BTC价格集会现在正反对95,000美元的电阻，这是一个可以定义短期趋势的关键水平。比特币的价格支持为$ 90K，已保持公司，使公牛能够重新获得信心并瞄准新的高点。但是，链界指标讲述了一个不同的故事。

We’re seeing limited wallet activity and fewer new participants entering the network. This divergence between price and fundamentals raises a vital question: Can the Bitcoin rally hold without real demand?

我们看到钱包活动有限，进入网络的新参与者更少。价格和基本面之间的这种差异提出了一个至关重要的问题：比特币集会可以在没有真正需求的情况下举行吗？

Chart 2: BTC/USD live price, published on TradingView, April 26, 2025

图2：BTC/USD Live Price，于2025年4月26日在TradingView上发布

The BTC bullish trend is critical. A breakout above $95K could trigger a push toward $100K. But without real traction on-chain, the sustainability of this move is questionable. The Bitcoin price rally needs more than just institutional leverage; it requires consistent user growth.

BTC看涨趋势至关重要。超过$ 95K的突破可能会触发$ 10万美元的推动力。但是，如果没有真正的链接链，这一举动的可持续性是值得怀疑的。比特币价格集会不仅需要机构的杠杆作用。它需要一致的用户增长。

BTC Consolidates: Traders Brace For Next Big Move

BTC合并：交易者支撑下一个大举动

BTC price watchers are closely following the world’s biggest cryptocurrency as it consolidates around $93K. While the broader market sentiment remains positive, the foundation of the recent Bitcoin price rally is coming under scrutiny.

BTC价格观察者紧随世界上最大的加密货币，因为它巩固了$ 93K。尽管更广泛的市场情绪仍然是积极的，但最近的比特币价格集会的基础受到了审查。

The bullish trend will ultimately depend on broader macroeconomic stability and the emergence of sustained demand. However, with geopolitical tensions escalating and on-chain metrics indicating a lack of new users, the Bitcoin price could face significant headwinds in the days ahead.

看涨的趋势最终将取决于更广泛的宏观经济稳定性和持续需求的出现。但是，随着地缘政治紧张局势不断升级和链上指标表明缺乏新用户，比特币价格可能会在未来的日子面临巨大的逆风。

Traders will be monitoring BTC price action for signs of the next big move. A breakout above $95K could propel the cryptocurrency toward the $100K mark. Conversely, failure to sustain support at $90K might lead to a deeper correction, puncturing bullish hopes.

交易者将监视BTC价格行动，以了解下一个大举动的迹象。超过$ 95K的突破可能会推动加密货币达到10万美元的成绩。相反，未能以9万美元的价格维持支持可能会导致更深入的更正，刺破看涨的希望。