比特币已飙升至104,300美元，确认了上升趋势并加强了看涨的前景

比特币已经飙升至104,300美元，证实了上升趋势并加强了许多分析师预计2025年的看涨前景。

How Our News is Made

我们的新闻是如何制作的

Strict editorial policy that focuses on accuracy, relevance, and impartiality

严格的编辑政策，侧重于准确性，相关性和公正性

Ad disclaimer

广告免责声明

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

狮子和球员的足球价格有些柔和。每个arcu lorem，超级儿童或ullamcorper的足球仇恨。

Bitcoin price has surged to $104,300, confirming the uptrend and bullish outlook that many analysts predicted for 2025. This move places BTC deep into range-highs territory, with the next major challenge now clearly in sight: the all-time high at $109,000. The market’s strength comes on the back of strong technical performance and increasingly optimistic sentiment, as BTC continues to lead the crypto rally and altcoins follow suit.

比特币的价格已飙升至104,300美元，这证实了许多分析师预测2025年的上升趋势和看法。这一举动将BTC深入到范围高的领土上，现在明显地看到了下一个重大挑战：历史上的高点为109,000美元。由于BTC继续领导加密拉力赛和Altcoins效仿，因此市场的实力是在强大的技术表现和越来越乐观的情感之后。

On-chain data from CryptoQuant sheds light on the evolving dynamics among large Bitcoin holders, adding another layer to the bullish narrative. One striking metric showcases the yawning gap between the Realized Price of ‘new’ whales entering the market and ‘old’ whales who accumulated earlier.

来自加密素养的链链数据阐明了大型比特币持有人不断发展的动态，从而在看涨的叙述中增加了另一层。一个引人注目的度量标准展示了进入市场的“新鲸鱼的实现价格”与早些时候积累的“老”鲸鱼之间的打哈欠差距。

According to on-chain expert Axel Adler’s analysis, this difference now stands at $59.7K. To put it in perspective, new, large-scale buyers are entering the market at an average price of $91.9K, while the basis for old whales stands at $32.2K.

根据链链专家阿克塞尔·阿德勒（Axel Adler）的分析，这种差异现在为59.7万美元。从角度来看，新的大型买家的平均价格为91.9k美元，而旧鲸鱼的基础则为32.2万美元。

This disparity translates to a staggering 185% relative spread to the long-term holder (LTH) basis, highlighting a massive divergence in price perception and the stage of the cycle at which these two categories of whales joined the market.

这种差异转化为长期持有人（LTH）的惊人的185％的相对分布，强调了价格知觉的巨大差异以及这两类鲸鱼加入市场的周期的阶段。

The implication of this divergence is significant. It signals that a new wave of high-conviction buyers is entering the market at significantly elevated prices. Unlike the more cautious whale accumulation observed during previous cycle lows, where smaller amounts were accumulated at lower prices, this phase reflects strong belief in continued upside, even at premium levels. It’s a clear indication that institutional FOMO may be incrementally kicking in.

这种差异的含义是显着的。它表明，新浪的高定罪买家以显着上涨的价格进入市场。与以前的周期低点观察到的较谨慎的鲸鱼积累不同，以较低的价格积累了较小的鲸鱼，这阶段反映了对持续上升空间的强烈信念，即使在高级水平下也是如此。显然，机构FOMO可能会逐步发挥作用。

Bitcoin Faces Resistance At $104K As Whale Activity Signals Growing FOMO

随着鲸鱼活动信号的增长，比特币的抵抗力为$ 104K

Bitcoin is currently encountering resistance around the $104,000 mark—a level that may take some time to break as it represents a critical barrier before entering price discovery above the all-time high, which is now at $109,000. The recent rally has shown remarkable strength, but as BTC consolidates just below its ATH, some selling pressure is to be expected. A successful breakout could lead to a swift surge beyond $109K; however, failure to do so may result in short-term consolidation or retracement.

比特币目前遇到的阻力约为104,000美元，这一水平可能需要一些时间才能打破，因为它代表了一个关键的障碍，然后才能进入价格高于历史最高高点的价格，现在为109,000美元。最近的集会表现出了显着的力量，但是随着BTC在其ATH以下的合并，预计会有一些销售压力。成功的突破可能会导致迅速增长超过10.9万美元。但是，如果不这样做可能会导致短期合并或回缩。

Top analyst Axel Adler shared key on-chain insights on X that highlight the evolving psychology of Bitcoin’s largest holders. According to Adler, the absolute difference between the Realized Price of new whales ($91.9K) and old whales ($32.2K) is $59.7K, representing a 185% relative spread to the long-term holder (LTH) basis. This sharp divergence reveals that new “whales” are entering the market at nearly three times the price of early entrants.

顶级分析师阿克塞尔·阿德勒（Axel Adler）在X上分享了关键的链洞见解，该见解突出了比特币最大持有人不断发展的心理。根据阿德勒的说法，新鲸（$ 91.9k）和旧鲸鱼（32.2k美元）的实现价格之间的绝对差额为59.7万美元，代表长期持有人（LTH）基础的相对差异185％。这种尖锐的差异表明，新的“鲸鱼”的价格是早期参赛者价格的近三倍。

In comparison, the same spread in November 2022 was only 62%, indicating more cautious accumulation near the market bottom. The current surge to 185% reflects increasing confidence and FOMO, with large buyers willing to accumulate even at elevated prices. For context, during the 2021 cycle peak at $63K, the spread widened to 437%.

相比之下，2022年11月的同一利差仅为62％，表明在市场底部附近的积累更加谨慎。目前的激增至185％反映出信心和FOMO的日益增加，大型买家愿意以提高价格积累。在上下文中，在2021周期的高峰期为$ 63K，利差扩大到437％。

This trend suggests that the market is entering a more aggressive accumulation phase, where belief in higher prices is driving demand despite the premium. If bulls manage to absorb the resistance around $104K, it could mark the start of a parabolic move—fueled not just by momentum, but by conviction from both retail and institutional players betting on a new Bitcoin all-time high.

这种趋势表明，市场正在进入一个更具侵略性的积累阶段，尽管溢价，但对价格较高的信念仍在推动需求。如果公牛设法吸收了约104,000美元的抵抗力，它可能标志着抛物线抛弃行动的开始 - 不仅是势头，而且还通过零售和机构球员的信念，押注了新的比特币历史最高水平。

BTC Price Analysis: Key Levels To Watch

BTC价格分析：观看的关键水平

Bitcoin is trading around $103,000 after reaching a high of $104,300 earlier today. The 4-hour chart shows BTC facing resistance at the $103,600 level, which aligns with a key supply zone from late December 2024 and early January 2025. This area acted as a previous rejection point during the last major rally and is now being tested again.

比特币在今天早些时候达到104,300美元的高点后，交易约103,000美元。 4小时的图表显示，BTC在103,600美元的水平上面临阻力，从2024年12月下旬和2025年1月上旬开始，它与关键供应区保持一致。该区域在上一次重大集会期间作为先前的拒绝点，现在再次进行测试。

BTC’s recent surge from the $87K–$90K consolidation zone has been aggressive, breaking above both the 200 EMA and 200 SMA (currently at $91,806 and $89,400, respectively) with strong volume. This confirms bullish strength and trend continuation, suggesting that buyers are still in control. However, the current range between $103K and $104K is historically significant, and bulls may

BTC最近从87,000美元到90k美元的合并区的激增一直是积极进取的，其量强劲，超过200 EMA和200 SMA（目前分别为91,806美元和89,400美元）。这证实了看涨的力量和趋势的延续，表明买家仍在控制中。但是，目前的范围在$ 103K到$ 104K之间是重要的，公牛可能