Bitcoin Approaches $100,000 Threshold: A Glimpse into the Future

比特幣逼近 10 萬美元門檻：未來一瞥

Following recent market developments, the likelihood of Bitcoin (BTC) reaching the historic milestone of six figures is now a matter of "when," not "if." Speculation has been rife in crypto circles about the cryptocurrency potentially touching $100,000 within the coming weeks.

隨著最近的市場發展，比特幣 (BTC) 達到六位數歷史性里程碑的可能性現在只是「何時」而不是「是否」的問題。加密貨幣界普遍猜測該加密貨幣可能在未來幾週內觸及 10 萬美元。

Implications of a Six-Figure Milestone

六位數里程碑的意義

A BTC value of six figures is not only a significant achievement for the crypto industry but also presents potential challenges such as liquidations for short sellers. Glassnode, a blockchain analytics firm, offers insights into the on-chain dynamics that could shape Bitcoin's trajectory after surpassing $100,000.

六位數的比特幣價值不僅是加密貨幣產業的重大成就，也帶來了賣空者清算等潛在挑戰。區塊鏈分析公司 Glassnode 提供了對鏈上動態的見解，這些動態可能會影響比特幣突破 10 萬美元後的軌跡。

Long-Term Holders' Market Behavior

長期持有者的市場行為

Glassnode's analysis suggests that Long-Term Holders (LTHs) are starting to sell their assets, potentially holding back some for sale as the price momentum continues. Data from the LTH Spending Binary Indicator indicates a decline in LTH balances over the past 11 out of 15 days.

Glassnode 的分析表明，長期持有者 (LTH) 正在開始出售其資產，隨著價格勢頭的持續，可能會抑制一些資產的出售。 LTH 支出二元指標的數據表明，過去 15 天中有 11 天 LTH 餘額有所下降。

Impact of Institutional Investment

機構投資的影響

While institutional demand, primarily through US spot exchange-traded funds (ETFs), has absorbed much of the sell-side pressure from LTHs, Glassnode notes that the spending pressure from these investors has recently outpaced ETF net inflows. This trend was also observed in February 2024.

雖然機構需求（主要透過美國現貨交易所交易基金 (ETF)）吸收了來自 LTH 的大部分賣方壓力，但 Glassnode 指出，這些投資者的支出壓力最近超過了 ETF 淨流入。 2024 年 2 月也觀察到了這一趨勢。

According to Glassnode, if sell-side pressure from LTHs continues to exceed ETF demand, it could lead to short-term price volatility or price consolidation.

Glassnode 表示，如果來自 LTH 的賣方壓力持續超過 ETF 需求，可能會導致短期價格波動或價格盤整。

Liquidations and Potential Price Swings

清算和潛在的價格波動

Crypto analyst Ali Martinez, based on data from CoinGlass, has issued a warning to Bitcoin bears: approximately $1.89 billion is at risk of liquidation if the Bitcoin price reaches $100,625.

加密貨幣分析師 Ali Martinez 根據 CoinGlass 的數據向比特幣空頭出警告：如果比特幣價格達到 100,625 美元，大約 18.9 億美元面臨清算風險。

Current Bitcoin Valuation and Performance

目前的比特幣估值和表現

As of this writing, Bitcoin is trading at $99,424, representing a 1.4% increase in the past day. According to CoinGecko, Bitcoin has experienced a notable upward trend over the past week, gaining nearly 10%.

截至撰寫本文時，比特幣交易價格為 99,424 美元，較過去一天上漲 1.4%。根據 CoinGecko 的數據，比特幣在過去一周經歷了顯著的上漲趨勢，漲幅接近 10%。

The cryptocurrency community remains eagerly anticipatory as Bitcoin approaches its historic $100,000 milestone, and the on-chain dynamics will play a crucial role in shaping its trajectory post-milestone.

隨著比特幣接近其歷史性的 10 萬美元里程碑，加密貨幣社群仍然熱切期待，而鏈上動態將在塑造其里程碑後的軌跡方面發揮至關重要的作用。