比特币涨势依然完好：CryptoQuant 的前景仍然看涨

CryptoQuant 的数据表明，比特币的上涨势头强劲，需求增长和鲸鱼积累暗示着进一步的上涨空间。

Hold onto your hats, folks! The Bitcoin rollercoaster is still climbing, and according to CryptoQuant, we ain't seen nothin' yet. Despite a little dip from its all-time high, the overall outlook remains bullish. Let's dive into why the experts think this Bitcoin rally, fueled by CryptoQuant's data, has an intact outlook.

各位，请戴好你们的帽子！比特币的过山车仍在攀升，根据 CryptoQuant 的说法，我们还没有看到什么。尽管较历史高点略有下降，但总体前景仍然看涨。让我们深入探讨一下为什么专家认为在 CryptoQuant 数据推动下的比特币反弹前景良好。

Demand Growth: The Engine of the Rally

需求增长：反弹的引擎

Spot demand for Bitcoin has been steadily rising since July, with monthly demand surging by over 62,000 BTC. CryptoQuant points out that similar demand spikes preceded major Q4 rallies in 2020, 2021, and 2024. It's like history rhyming, but with digital gold.

自 7 月以来，比特币现货需求稳步上升，月需求激增超过 62,000 BTC。 CryptoQuant 指出，在 2020 年、2021 年和 2024 年第四季度的主要反弹之前，类似的需求激增。这就像历史押韵一样，只不过是数字黄金。

Whales Accumulating: A Sign of Confidence

鲸鱼的积累：信心的标志

The big players, or "whales," are also loading up on Bitcoin, with their holdings expanding at an annual rate of 331,000 BTC. That's even higher than in previous bull cycles, showing serious confidence in Bitcoin's future.

大型参与者或“鲸鱼”也在大量买入比特币，其持有量以每年 331,000 BTC 的速度增长。这甚至高于之前的牛市周期，表明人们对比特币的未来充满信心。

ETF Inflows: Fueling the Fire

ETF 流入：火上浇油

U.S.-listed spot Bitcoin ETFs purchased a whopping 213,000 BTC in Q4 2024, a 71% increase from the previous quarter. CryptoQuant's head of research, Julio Moreno, suggests this growth could continue, adding more fuel to the fire.

2024 年第四季度，美国上市的现货比特币 ETF 购买了高达 213,000 枚 BTC，比上一季度增长了 71%。 CryptoQuant 的研究主管 Julio Moreno 表示，这种增长可能会持续下去，从而火上浇油。

Net Realized Profit/Loss: No Peak in Sight

已实现净损益：看不到峰值

CryptoQuant's Bitcoin Net Realized Profit/Loss indicator is also flashing bullish signals. While profit-taking occurred earlier in the year, the indicator is still below previous cycle highs, suggesting there's plenty of room for the rally to run. "Bitcoin’s rally still looks intact," notes CryptoQuant. "No signs yet of a price peak."

CryptoQuant 的比特币净已实现损益指标也闪烁着看涨信号。尽管今年早些时候出现了获利了结，但该指标仍低于之前周期的高点，表明反弹还有很大的空间。 CryptoQuant 指出：“比特币的反弹看起来仍然完好无损。” “目前还没有价格见顶的迹象。”

Passing Key Thresholds

通过关键阈值

Bitcoin recently surpassed the "trader’s on-chain realized price" of $116,000, a key indicator for shifting back into a bull market phase. CryptoQuant’s “bitcoin bull score index” stood at levels matching those seen before previous rallies.

比特币最近超过了 116,000 美元的“交易者链上实现价格”，这是重返牛市阶段的关键指标。 CryptoQuant 的“比特币牛市得分指数”与之前的反弹之前的水平相当。

My Take: Buckle Up!

我的看法：系好安全带！

While I always advise caution and doing your own research, the confluence of factors – rising demand, whale accumulation, ETF inflows, and CryptoQuant's indicators – paints a pretty compelling picture. Remember, past performance is no guarantee of future results, but it sure is fun to speculate!

虽然我总是建议谨慎行事并进行自己的研究，但各种因素的综合作用——需求上升、鲸鱼积累、ETF 流入和 CryptoQuant 的指标——描绘了一幅非常引人注目的图景。请记住，过去的表现并不能保证未来的结果，但推测确实很有趣！

Of course, Bitcoin has taken a slight dip from its ATH above $126,000, currently hovering around $122,700. But hey, even rollercoasters have their dips before the big drop!

当然，比特币已从 126,000 美元上方小幅下跌，目前徘徊在 122,700 美元左右。但是，嘿，即使是过山车，在大跌之前也会有低谷！

What's Next?

接下来是什么？

It remains to be seen how Bitcoin's price action will unfold, but with CryptoQuant's analysis in our arsenal, we can stay informed and (hopefully) make some smart moves. Whether it hits $200,000 by year-end as some predict, or even $500,000 by 2028, the future looks bright for Bitcoin. So, sit back, relax, and enjoy the ride! Just don't forget to thank CryptoQuant for the insights along the way.

比特币的价格走势将如何展开还有待观察，但通过 CryptoQuant 的分析，我们可以随时了解情况并（希望）做出一些明智的举动。无论是像一些人预测的那样到年底达到 20 万美元，还是到 2028 年达到 50 万美元，比特币的未来都是光明的。所以，坐下来，放松，享受旅程！只是不要忘记感谢 CryptoQuant 一路以来提供的见解。