比特币最近的集会引起了投资者的关注，因为它的价格接近105,000美元

比特币最近的集会吸引了投资者的关注，因为其价格英寸接近105,000美元。在过去的一个月中，领先的加密货币在

Bitcoin’s recent rally has captured investor attention as its price inches closer to $105,000. The leading cryptocurrency has seen significant gains over the past month, driven by strong institutional interest and renewed market optimism. However, conflicting market conditions may hold Bitcoin back from reaching a new all-time high.

比特币最近的集会吸引了投资者的关注，因为其价格英寸接近105,000美元。在过去的一个月中，由于机构的兴趣和新的市场乐观态度，过去一个月的主要加密货币在过去一个月中取得了巨大收益。但是，矛盾的市场状况可能会使比特币无法达到新的历史最高水平。

Bitcoin Holders Heavily Accumulate

比特币持有人大量积累

Investor activity has been overwhelmingly bullish. Over the past week alone, more than 30,072 BTC, valued at over $3.13 billion, were purchased. This surge in buying activity has driven the exchange net position to its lowest level in four months.

投资者的活动绝大多数是看好的。仅在过去一周中，购买了30,072多个BTC，价值超过31.3亿美元。购买活动的激增使交易网的头寸在四个月内达到了最低水平。

The metric indicates that more coins are being withdrawn from exchanges than deposited, a classic sign of accumulation.

该度量表明，从交换中撤出更多的硬币，而不是沉积的蓄积迹象。

Fear of missing out on profits is pushing Bitcoin holders to accumulate at a rapid pace. As Bitcoin hovers near its record highs, long-term investors appear to be adding to their positions, betting on a fresh breakout.

担心错过利润的是推动比特币持有者以迅速的速度积累。随着比特币徘徊在其纪录高点附近，长期投资者似乎正在增加其位置，并押注新的突破。

While accumulation remains strong, the macro trend presents a mixed picture. The Liveliness indicator, a key on-chain metric, has seen a notable spike since the start of May. Currently sitting at a multi-week high, it suggests that long-term holders (LTHs) are beginning to liquidate.

尽管积累仍然很强，但宏观趋势表现出混合的图像。自5月初以来，活泼的指标是一个关键的链链度量标准。目前坐在多周的高度，这表明长期持有人（LTHS）开始清算。

An increase in Liveliness typically means that dormant coins are becoming active again, often signaling that early adopters are taking profits. This behavior may introduce new selling pressure into the market.

生命的增加通常意味着休眠硬币再次变得活跃，通常表明早期采用者正在获利。这种行为可能会给市场带来新的销售压力。

If Bitcoin LTHs continue to offload their holdings, it could undermine the bullish sentiment driven by fresh accumulation.

如果比特币LTH继续卸载其持股，它可能会破坏由新鲜积累驱动的看涨情绪。

BTC Price Aims For New ATH

BTC价格的目标是新的ATH

Bitcoin is currently trading at $104,231, just below the key psychological resistance of $105,000. However, technical data shows that the actual resistance sits at $106,265. This price level has acted as a ceiling since December 2024, preventing Bitcoin from gaining further traction.

比特币目前的交易价格为104,231美元，略低于关键的心理阻力105,000美元。但是，技术数据表明，实际阻力为106,265美元。自2024年12月以来，这种价格水平一直是上限，以防止比特币获得进一步的吸引力。

Despite the all-time high standing at $109,588, the $106,265 mark is Bitcoin’s immediate hurdle. Market dynamics—including the selling from LTHs and conflicting investor sentiment—make this level particularly difficult to breach.

尽管有历史新高的高位，售价为109,588美元，但$ 106,265的成绩是比特币的立即障碍。市场动态（包括来自LTHS的销售和冲突的投资者情绪）使这一水平特别难以泄露。

Should Bitcoin fail to overcome this resistance, a price correction back to $100,000 remains a strong possibility.

如果比特币无法克服这种阻力，则价格更高至100,000美元仍然是很有可能的。

Conversely, if BTC manages to break and flip $106,265 into a support floor, it could reignite bullish momentum. Such a move would pave the way for Bitcoin to reclaim $109,588 and potentially form a new all-time high.

相反，如果BTC设法打破并翻转106,265美元进入支撑楼，它可能会重新启动看涨的动力。这样的举动将为比特币收回$ 109,588的道路铺平道路，并有可能形成新的历史最高水平。

Surpassing this level would invalidate the bearish outlook and could set the stage for a run to $110,000.

超过这一水平将使看跌前景无效，并可能使舞台持续到110,000美元。