长期比特币持有人继续积累，自1月以来增加了635K BTC

Satoshi俱乐部的统计数据表明，在2025年中，保留其BTC超过155天的比特币持有人保持了购买方式。这些长期投资者自1月以来购买了635,000 BTC。

Data from the Satoshi Club indicates that Bitcoin holders who have kept their BTC for longer than 155 days have maintained their buying pattern throughout 2025.

Satoshi俱乐部的数据表明，在2025年中，保留BTC超过155天的比特币持有人保持了购买方式。

These long-term investors have purchased 635,000 BTC since January.

自1月以来，这些长期投资者已经购买了635,000 BTC。

The current BTC circulating supply shows 13.75 million coins, representing 65%, are under long-term holder control. Bitcoin holders display growing confidence that BTC will persist as a big asset, thanks to maintained accumulation patterns amid the worldwide market sentiment changes and monetary instability.

当前的BTC循环供应量显示1375万硬币，占65％的硬币，处于长期持有人的控制之下。比特币持有人表现出越来越多的信心，即由于在全球市场情绪变化和货币不稳定的情况下，BTC将继续作为一项大资产，这要归功于保留的积累模式。

On the other hand, short-term holders reduced their positions by 460,000 BTC. The 460,000 BTC have been released by short-term holders who bought Bitcoin during the past 155 days.

另一方面，短期持有人将其头寸减少了460,000 BTC。 460,000 BTC已由短期持有人释放，他们在过去的155天内购买了比特币。

The market data shows how fresh investors opted to reduce their exposure through strategic price-dependent risk-management activities, as well as getting shaken out by price swings.

市场数据显示了新鲜投资者如何通过战略性依赖价格管理活动来减少其曝光率，并因价格波动而动摇。

Historical data shows that the medium-term BTC price direction relies heavily on the holding behavior gap between short-term and long-term investors since continued accumulation by long-term holders produces bullish market conditions.

历史数据表明，中期BTC价格方向在很大程度上取决于短期和长期投资者之间的持有行为差距，因为长期持有人继续积累会产生看涨的市场状况。

Bitcoin Resistance Zone Builds Above $95K

比特币阻力区建造了$ 95K

The 2.6 million Bitcoins that were acquired when prices exceeded $95,000 are struggling against market losses. A significant amount of supply exists near this present trade point.

当价格超过95,000美元时获得的260万比特币正在努力抵抗市场损失。在本贸易点附近，存在大量供应。

Holders who need to sell their Bitcoin to break even might increase market supply after price appreciation, yet the upside potential remains limited because strong new buyers should step in to absorb the supply.

需要出售其比特币以破产的持有人在价格升值后可能会增加市场供应，但是上升潜力仍然有限，因为强大的新买家应该介入以吸收供应。

Future Outlook

未来的前景

Under current market conditions, investors face a traditional conflict between investing long-term and others taking short-term profits. A breakout and sustained performance above the $95K-$98K price zone could motivate an uptrending wave of momentum for Bitcoin.

在当前的市场条件下，投资者在投资长期和其他短期利润之间面临传统的冲突。超过$ 95K- $ 98K的价格突破和持续性能可能会激发比特币的上升势头。

The future market behavior depends on how strong the accumulation phase remains while profit-taking resistance stays suppressed.

未来的市场行为取决于积累阶段的强大，而获利抵抗力则被压制。