经过一个周末的整合，比特币进入新的一周，并以势头建设和看涨情绪上升

经过一个周末的合并之后

Top BTC analyst Axel Adler has shared new insights revealing that after hitting the ATH, miners have increased their BTC sales on exchanges.

BTC顶级分析师Axel Adler分享了新的见解，表明在击中ATH后，矿工增加了BTC在交易所的销售。

As Bitcoin (BTC) continues to consolidate at a crucial technical level, top analyst Axel Adler has shared an update on miners' behavior, highlighting an uptick in outflows to exchanges.

随着比特币（BTC）继续在关键的技术层面巩固，顶级分析师Axel Adler分享了矿工行为的更新，突出了向交换的外流上升。

After a weekend of consolidation just below its all-time high near $112,000, Bitcoin is entering the new week with momentum building and bullish sentiment rising. Trading around $110K, BTC continues to hold a strong technical structure, and many analysts believe it’s only a matter of time before the next leg higher begins. With volatility tightening and the broader market gaining strength, all eyes are on Bitcoin as it flirts with price discovery once again.

经过一个周末的合并，恰好低于其历史最近112,000美元，比特币进入了新的一周，并以动力建设和看涨情绪上升。 BTC的交易约为11万美元，继续拥有强大的技术结构，许多分析师认为，下一条腿开始更高的时间只是时间问题。随着波动性的收紧和更广泛的市场增强力量，所有人的目光都盯着比特币，因为它再次与价格发现一起调情。

Conviction is growing among top analysts who are now calling for significant price surges in the weeks ahead. On-chain metrics and price action continue to support the bullish outlook, pointing to sustained demand and a resilient trend structure. However, one emerging factor worth watching is miner behavior.

最高分析师之间的信念正在增长，他们现在在未来几周内呼吁大幅度的价格飙升。链上指标和价格行动继续支持看涨的前景，指出持续需求和弹性趋势结构。但是，值得一看的一个新兴因素是矿工行为。

Adler shared key insights on this trend, noting that since Bitcoin's recent ATH, miner inflows to exchanges have doubled, shifting from an average of 25 BTC to 50 BTC per day. While this indicates a noticeable uptick in selling, Adler emphasizes that these levels remain well below historical peaks of around 100 BTC per day.

阿德勒（Adler）对这一趋势分享了关键的见解，并指出，由于比特币最近的ATH，矿工流入交流的流入已经翻了一番，从平均25 BTC转移到每天50 BTC。虽然这表明销售中有一个明显的增长，但阿德勒强调，这些水平仍低于每天约100 BTC的历史峰值。

More importantly, the market appears to be absorbing this added supply without showing signs of stress. This suggests that demand remains robust, and selling pressure from miners is not yet strong enough to derail the uptrend. Instead, it reflects a healthy and expected shift in behavior following a major price milestone.

更重要的是，市场似乎正在吸收这种增加的供应，而没有显示压力的迹象。这表明需求仍然强大，矿工的销售压力还不够强，无法使上升趋势脱轨。取而代之的是，它反映了主要价格里程碑后的健康和预期的行为转变。

As Bitcoin hovers near all-time highs, the combination of strong market structure, supportive on-chain data, and resilient demand could set the stage for a powerful continuation. If bulls reclaim $112K with volume, BTC may enter a fresh price discovery phase with targets well beyond current levels.

随着比特币徘徊在历史高潮附近，强大的市场结构，支持性的链上数据和弹性需求的结合可能为强大的延续奠定了基础。如果公牛队收回$ 112K的数量，BTC可能会进入一个新的价格发现阶段，目标远远超出了当前水平。

BTC price action on the 4-hour chart (Credit: TradingView)

4小时图表上的BTC价格行动（信用：TradingView）

Bitcoin is trading at $109,676 on the 4-hour chart, consolidating in a tight range just below its all-time high near $112,000. After a brief retracement from local highs, BTC has maintained its bullish structure, forming higher lows and staying well above key moving averages. The 34 EMA (green) at $108,639 acts as dynamic support, while the 50 and 100 SMAs (purple and blue) at $108,271 and $105,958 provide additional downside protection.

比特币在4小时的图表上的交易价格为109,676美元，在其历史最高远低于112,000美元以下的紧密范围内。经过当地高点的短暂回答后，BTC保持了看涨的结构，形成更高的低点并保持远远超过关键的移动平均值。 34欧元（绿色）以108,639美元的价格提供动态支持，而50和100 SMA（紫色和蓝色）的价格为$ 108,271和105,958美元，提供了额外的下行保护。

Volume has slightly declined during this consolidation, indicating a temporary pause rather than a reversal. Price remains comfortably above the major horizontal support level at $103,600—now a critical base for any deeper pullbacks. The uptrend remains intact as long as this zone holds.

在此合并过程中，体积略有下降，表明暂时停顿而不是逆转。价格保持舒适的水平支撑级别，为103,600美元，这是任何更深层次的回调的关键基础。只要该区域成立，上升趋势就保持完整。

What’s notable is BTC's ability to hold above the 34 EMA despite increased miner inflows and broader market caution. This resilience suggests strong buyer interest and positioning ahead of a potential breakout.

值得注意的是，尽管矿工流入和更广泛的市场谨慎，BTC能够超过34 EMA的能力。这种韧性表明，在潜在的突破之前，强大的买家兴趣和定位。

To confirm continuation, bulls need to reclaim the $111K–$112K range with volume. A break above this resistance would likely trigger the next impulsive leg higher. For now, Bitcoin remains in a bullish consolidation phase, with strong support levels anchoring price action as the market awaits a decisive move.

为了确认延续，公牛需要收回$ 111K - $ 112K的范围。超越这种阻力的突破可能会触发下一个冲动腿更高。目前，比特币仍处于看涨的合并阶段，在市场等待决定性举动时，锚定价格行动的强大支持水平。