35万个新地址：牛熊水平的关键

比特币 (BTC) 最近的市场活动证明了需要新的买家参与，因为新地址仍远远落后于 35 万个

Recent Bitcoin (BTC) price action highlights the importance of new buyer participation, as new addresses continue to lag significantly behind the 350,000 mark that is crucial for maintaining strong bullish momentum.

最近的比特币 (BTC) 价格走势凸显了新买家参与的重要性，因为新地址继续大幅落后于 350,000 大关，而这对于维持强劲的看涨势头至关重要。

As pointed out in a tweet on X by Burak Kesmeci, recent data shows that this figure acts as a pivotal pivot point between bullish and bearish trends.

正如 Burak Kesmeci 在 X 上的一条推文中指出的那样，最近的数据显示该数字是看涨和看跌趋势之间的关键支点。

350K New Addresses: The Key Bull-Bear Level

35万个新地址：关键的牛熊水平

An analysis of the past six years shows that 350,000 new Bitcoin addresses often act as a dividing line between market phases. When the number of new addresses falls below this level, the market tends to turn bearish.

对过去六年的分析表明，35万个新的比特币地址往往成为市场阶段之间的分界线。当新地址数量低于该水平时，市场往往会转为看跌。

This pattern can be observed in the historical data of 2018, when Bitcoin dropped from $19,000 to $6,000; 2021, when it fell from $64,000 to $30,000; and 2024, when it decreased from $74,000 to $49,000.

这种模式可以从 2018 年的历史数据中观察到，当时比特币从 19,000 美元跌至 6,000 美元； 2021年，从64,000美元跌至30,000美元；到 2024 年，从 74,000 美元下降到 49,000 美元。

In June 2024 the number of new addresses dropped to 210,000 and then increased to 349,000 on October 14, 2024. Pulling back to 294,000 it has since indicated a need of more new investors to push market momentum.

2024 年 6 月，新地址数量下降至 210,000 个，然后于 2024 年 10 月 14 日增加至 349,000 个。此后回落至 294,000 个，表明​​需要更多新投资者来推动市场动力。

To continue a strong bullish trend and reflect increased investor interest, we consider the 350,000 milestone as a major pivot, and one that once reached, may lead to a market upturn.

为了继续强劲的看涨趋势并反映投资者兴趣的增加，我们认为 350,000 点里程碑是一个主要支点，一旦达到这一点，可能会导致市场好转。

Spot ETFs Impact Address Creation

现货 ETF 影响地址创建

The launch of Spot Bitcoin ETFs in 2024 has had an effect on address growth. As institutions like BlackRock manage Bitcoin through pooled addresses, the number of new individual addresses is impacted.

2024 年现货比特币 ETF 的推出对地址增长产生了影响。由于贝莱德等机构通过池地址管理比特币，因此新的个人地址数量受到影响。

ETF investors are usually represented by one wallet address, which reduces the growth rate of new addresses. Therefore, achieving 350,000 new addresses will require more retail investors, who are key to sustaining market growth and overcoming potential resistance.

ETF投资者通常由一个钱包地址代表，这降低了新地址的增长率。因此，实现35万个新地址将需要更多的散户投资者，他们是维持市场增长和克服潜在阻力的关键。

BTC Netflow And Holding Trends

BTC净流量及持仓趋势

The latest BTC net flow data, as shown by IntoTheBlock, reveals a mixed market behavior. Over the past seven days, net flow dropped by 338.80%, indicating substantial BTC outflows from exchanges, which suggests increased long-term holding.

IntoTheBlock 显示的最新 BTC 净流量数据揭示了市场行为的好坏参半。过去7天，净流量下降338.80%，表明BTC大量流出交易所，这表明长期持有有所增加。

Over 30 days, net flow rose by 329.48%, reflecting selling pressure or profit-taking. However, over the last 90 days, net flow decreased by 139.33%, showing an overall trend of Bitcoin moving off exchanges.

30天内，净流量增长329.48%，反映抛售压力或获利了结。但近90天净流量下降139.33%，整体呈现比特币下架趋势。

As Bitcoin's price shoots up to $67,523 before stabilizing around $67,000, this net flow behavior mirrors what is happening in the market. Long-term holding is supported by net outflows but it’s important to beat the 350,000 new address mark to continue with stronger bullish momentum.

随着比特币价格飙升至 67,523 美元，然后稳定在 67,000 美元左右，这种净流量行为反映了市场正在发生的情况。长期持有受到净流出的支撑，但重要的是要突破 350,000 个新地址大关，以继续保持更强劲的看涨势头。