经过将近一年的长期持有人活动，比特币（BTC）60天硬币

经过将近一年的长期持有人活动，比特币的60天硬币日被摧毁（CDD）已返回基线

Bitcoin (BTC) price hovered just below the crucial $96K resistance zone on Thursday, amid a sharp decline in 7-day Netflow.

比特币（BTC）的价格徘徊在周四至关重要的9.6万美元阻力区以下，因为7天的Netflow急剧下降。

At press time, BTC was trading at $95,167.74, showing a 0.45% rise over the last 24 hours.

发稿时，BTC的交易价格为95,167.74美元，在过去24小时内增长了0.45％。

Bitcoin price action shows signs of a potential breakout or breakdown

比特币的价格动作显示了潜在的突破或崩溃的迹象

As the broader cryptocurrency market entered a phase of sideways trading, BTC also showed signs of a breakout or breakdown as it continues to consolidate below the key resistance at $96K.

随着更广泛的加密货币市场进入侧向交易的阶段，BTC还显示出突破或崩溃的迹象，因为它继续巩固了低于$ 96K的关键阻力。

The Bollinger Bands had begun to squeeze together, which signaled that a sudden increase in price volatility could be forthcoming.

布林乐队已经开始挤压，这表明，价格波动的突然上升可能即将到来。

The RSI was also heating up as it moved into the overbought zone at 66.60.

当RSI迁移到66.60的过失区域时，RSI也正在加热。

Taking support levels into account, if the bulls manage to break above the next resistance at $99K and sustain the move, it could open the door for a rally towards the $100K psychological barrier.

考虑到支持水平，如果公牛设法以9.9万美元的价格超越了下一个抵抗力并维持此举，它可能会为1万美元的心理障碍打开大门。

However, if the price action shows a decisive close below the support levels of $92.7K and $89.5K, it might indicate further consolidation.

但是，如果价格行动显示出低于$ 92.7K和89.5万美元的支持水平的决定性近距离，则可能表明进一步合并。

Bitcoin price analysis: Whales appear to be less active as 7-day Netflow plunges

比特币价格分析：鲸鱼似乎不那么活跃，因为7天的NetFlow暴跌

The 7-day Netflow experienced a substantial drop, plummeting by –619.31%. This sharp decrease in outflows signaled a potential shift in whale behavior from selling to holding or accumulating.

7天的Netflow经历了大幅下降，下降了–619.31％。流出的这种急剧下降表明，鲸鱼行为从销售到储存或积累的潜在转变。

Moreover, the timing aligned with the recent report by blockchain analytics firm, IntoTheBlock, which highlighted a cooldown in long-term holder activity.

此外，与区块链分析公司Intotheblock最近的报告保持一致，该报告强调了长期持有人活动中的冷却时间。

As such, the drop in netflows further reinforced the narrative of reduced selling pressure and increasing supply stability in the market.

因此，Netfrows的下降进一步加强了销售压力减轻和增加市场供应稳定性的叙述。

On the other hand, Bitcoin’s MVRV Ratio had rebounded to 126.73% at press time, after reaching lows near 83% in early April.

另一方面，在4月初达到了近83％的低点，比特币的MVRV比率已在发稿时反弹至126.73％。

This sharp recovery indicated that most holders were now in profit territory, which often led to increased sell-side pressure.

这种急剧的复苏表明，大多数持有人现在都处于利润领域，这通常会导致卖方压力增加。

However, the current MVRV level was not extreme compared to historical peaks, suggesting there was still headroom before entering euphoria zones.

但是，与历史山峰相比，当前的MVRV水平并不是极端的，这表明在进入欣快感区之前仍然有净空。

Therefore, while caution was warranted, the profitability bounce should not yet be interpreted as an imminent reversal signal.

因此，尽管有必要谨慎，但盈利能力反弹不应被解释为即将逆转信号。

On-chain valuation models present a mixed picture

链估值模型带来了混合图片

The NVT Golden Cross dropped by –75.03%, which implied that Bitcoin was relatively undervalued based on transaction activity.

NVT黄金十字架下降了–75.03％，这意味着比特币基于交易活动被相对低估。

Meanwhile, the Puell Multiple sat at 1.08, which signaled that issuance was slightly elevated but not alarming.

同时，Puell多次坐在1.08处，这表明发行略有升高，但并不令人震惊。

Together, these signals painted a picture of valuation equilibrium—not stretched, but still offering some room for upward movement.

这些信号共同描绘了估值平衡的图片，而不是伸展，但仍提供一些向上移动的空间。

Bitcoin social buzz is heating up as retail traders show interest in BTC

随着零售商人对BTC的兴趣，比特币社交嗡嗡声正在加热

In other developments, there was a surge in interest in Bitcoin among retail traders.

在其他发展中，零售商人对比特币的兴趣激增。

At the time of writing, Social Dominance had risen to 25.04% and Social Volume stood at 3,274. This attention was likely linked to BTC’s resilience near the key resistance zones, which, in turn, sparked greater interest from the broader crypto community.

在写作时，社会主导地位已上升至25.04％，社会量为3,274。这种关注很可能与BTC在关键阻力区域附近的韧性有关，这反过来又引起了更广泛的加密社区的更大兴趣。

While the volumes were not yet at mania levels, it was nonetheless a secondary catalyst that could be useful for building momentum.

尽管这些量还没有达到躁狂水平，但它仍然是一种二级催化剂，可用于建立动量。