CryptoQuant 表示，比特币涨势仍然完好：下一步是什么？

CryptoQuant 的分析表明，比特币的涨势远未结束，关键指标没有显示价格见顶的迹象。牛市能否持续？

Bitcoin Rally Still Intact, Says CryptoQuant: What's Next?

CryptoQuant 表示，比特币涨势仍然完好：下一步是什么？

Bitcoin's been on a tear, hitting new all-time highs, and everyone's wondering if it's time to cash out or HODL on. CryptoQuant says the rally is still intact, with no signs of a price peak yet. Here's the lowdown.

比特币一直在飙升，创下历史新高，每个人都在想，是时候兑现还是继续持有。 CryptoQuant 表示，涨势仍然完好，尚未出现价格见顶的迹象。这是内幕。

CryptoQuant's Take: No Peak in Sight

CryptoQuant 的看法：看不到峰值

According to CryptoQuant, the Bitcoin Net Realized Profit/Loss indicator is still at moderate levels. This metric tracks whether investors are selling their Bitcoin at a net profit or loss. The current value is significant but lower than the January 2025 top, which itself was lower than the October 2021 high from the previous cycle. This suggests there's still room to run.

根据 CryptoQuant 的数据，比特币净已实现损益指标仍处于中等水平。该指标追踪投资者是否以净利润或亏损出售比特币。当前值很重要，但低于 2025 年 1 月的顶部，而该顶部本身又低于上一周期的 2021 年 10 月的高点。这表明仍有运行空间。

Key Indicators Supporting the Rally

支持反弹的关键指标

CryptoQuant points to rising spot demand for Bitcoin since July, growing whale holdings, and increasing ETF inflows as factors supporting the rally. U.S.-listed spot Bitcoin ETFs purchased a significant amount of BTC in Q4 2024, and this trend could continue. Additionally, Bitcoin recently surpassed the "trader’s on-chain realized price," a key indicator for shifting back into a bull market phase.

CryptoQuant 指出，自 7 月以来，比特币现货需求不断上升，鲸鱼持有量不断增加，ETF 资金流入不断增加，这些都是支撑比特币上涨的因素。美国上市的现货比特币 ETF 在 2024 年第四季度购买了大量比特币，而且这一趋势可能会持续下去。此外，比特币最近超过了“交易者的链上实现价格”，这是重返牛市阶段的关键指标。

XRP and the Altcoin Surge

XRP 和山寨币激增

Bitcoin's surge has also boosted confidence in the altcoin market, with analysts predicting a rally for XRP and other tokens. The launch of the Rex-Osprey XRP ETF (XRPR) has further fueled market sentiment, with impressive trading volumes on its debut day. The approval of generic listing standards for crypto ETFs by the SEC could pave the way for a spot XRP ETF, bringing more institutional players to the Ripple ecosystem.

比特币的飙升也提振了人们对山寨币市场的信心，分析师预测 XRP 和其他代币将会上涨。 Rex-Osprey XRP ETF (XRPR) 的推出进一步刺激了市场情绪，首日交易量令人印象深刻。美国 SEC 批准加密 ETF 通用上市标准可能为现货 XRP ETF 铺平道路，为 Ripple 生态系统带来更多机构参与者。

Other Factors at Play

其他因素在起作用

Institutional demand for Bitcoin has been increasing, with companies like MetaPlanet adding to their Bitcoin stock. This demand, coupled with positive regulatory developments, could lead to a bullish Q4 2025. AI-powered trading tools like DeepSnitch AI are also gaining traction, providing retail traders with actionable insights to compete with whales.

机构对比特币的需求一直在增加，MetaPlanet 等公司增加了比特币库存。这种需求，加上积极的监管发展，可能会导致 2025 年第四季度的牛市。像 DeepSnitch AI 这样的人工智能驱动的交易工具也越来越受欢迎，为零售交易者提供了与鲸鱼竞争的可行见解。

Looking Ahead

展望未来

While CryptoQuant's analysis suggests the Bitcoin rally is intact, it's important to remember that the cryptocurrency market is volatile and unpredictable. Other firms have also made bold price predictions for Bitcoin, with some forecasting a price of $200,000 or even $500,000 by the end of 2028.

虽然 CryptoQuant 的分析表明比特币涨势完好无损，但重要的是要记住，加密货币市场是不稳定且不可预测的。其他公司也对比特币做出了大胆的价格预测，一些公司预测到 2028 年底价格将达到 20 万美元甚至 50 万美元。

The Bottom Line

底线

So, is the Bitcoin rally sustainable? According to CryptoQuant, the indicators suggest it is. But as always, do your own research, invest wisely, and buckle up for the ride. After all, in the world of crypto, anything can happen!

那么，比特币的涨势是否可持续？根据 CryptoQuant 的说法，指标表明确实如此。但与往常一样，请自行研究，明智投资，并系好安全带。毕竟，在加密世界中，任何事情都有可能发生！