如果比特币突破此水平

比特币（BTC）在关键的技术层面上摇摇欲坠，分析师警告说，主要的短材料和鲸鱼的重大活动会影响市场方向。

Bitcoin (BTC) is juggling a technical pivot, major short liquidations, and large-scale "whale" activity, all of which are impacting price direction, according to Monday’s analysis.

根据周一的分析，比特币（BTC）正在兼顾技术枢纽，主要的简报和大规模的“鲸鱼”活动，所有这些活动都会影响价格方向。

Pointing to data from CoinGlass, crypto analyst Ali Martinez said that over $23.65 million in short positions could be liquidated if Bitcoin manages to break back above the $105,000 mark.

加密分析师阿里·马丁内斯（Ali Martinez）指出，指出了Coinglass的数据，如果比特币设法重新超过105,000美元，则可以清算超过2365万美元的短期位置。

A heatmap from CoinGlass shows a dense band of short positions just above $105,000, which may set up a so-called "liquidation cascade."

小coinglass的热图显示了一条刚好超过$ 105,000的较短位置，这可能会建立所谓的“清算级联”。

If bulls manage to push through that resistance, leading to the liquidation of these short positions, short-sellers would be forced to buy back BTC to cover their trades. This activity could accelerate price movement upward, setting up a classic "short squeeze" scenario.

如果公牛设法推动这种抵抗力，导致这些短职位清算，那么卖空者将被迫回购BTC来支付其交易。这项活动可以加速价格上涨，建立经典的“短挤压”场景。

"Another $23.65 million will be liquidated in short positions if #Bitcoin manages to jump back above the $105,000 level. This will be interesting to watch! 🔥"

“如果#bitcoin设法跳回105,000美元的水平，将在短额中清算另外2365万美元的$ 2365万。

However, the bullish thesis is complicated by heavy "whale" selling.

但是，对“鲸鱼”销售的沉重销售使看涨论文变得复杂。

On-chain data from Glassnode reveals that Bitcoin wallets holding between 1,000 and 10,000 BTC have offloaded over 30,000 BTC in the last three days.

GlassNode的链上数据表明，在过去三天中，装有1,000至10,000 BTC的比特币钱包已卸载了30,000多个BTC。

This selling activity is usually observed when market participants take profits at local highs, especially considering the magnitudes of transactions.

当市场参与者在当地高点获得利润时，通常会观察到这种销售活动，尤其是考虑到交易的幅度。

While such selling doesn't necessarily spell the end of the rally, it may act as a bottleneck, especially if demand doesn't immediately absorb the sell pressure.

尽管这种销售不一定拼写出拉力赛的结束，但它可能是瓶颈，尤其是如果需求不会立即吸收卖出压力。

This coincides with a decline in Binance whale inflows, which fell to their lowest point in six months, suggesting that a good portion of the recent buying pressure came from exchange-based traders rather than large institutions or DeFi protocols.

这与Binance Whale流入的下降相吻合，后者在六个月内降至最低点，这表明最近购买压力的很大一部分来自基于交易所的交易员，而不是大型机构或DEFI协议。

Ultimately, the next few days will depend on whether retail and institutional buyers can outweigh recent sell pressure from large holders.

最终，接下来的几天将取决于零售和机构买家是否可以超过最近出售大型持有人的压力。