# 比特币技术分析

#比特币技术分析 Recently, the technical analysis of the Bitcoin market has shown me some bottom signals worth following. The short-term holder SOPR has dropped to 0.982, indicating that weak investors are dumping at a loss, which is often a precursor to a market bottom. URPD data shows strong support in the $107,000-$108,200 range, explaining why prices have stabilized around $108,000. However, the resistance above should not be underestimated, as the $113,200-$116,900 range will be a significant test for long positions.
From an operational perspective, I will closely follow the key support level of

#比特币技术分析 Hyperliquid's recent operation is indeed interesting. Once the new mark price calculation method for the pre-market was released, the funding rates for XPL and WLFI skyrocketed. XPL rose from 11% to 800%, and WLFI increased from 11% to 100%, and this fluctuation is truly astonishing.
It seems to be aimed at improving system robustness, but it will certainly cause significant market fluctuations in the short term. For those of us who have been observing the market for a long time, this change is both a challenge and an opportunity.
Currently, XPL and WLFI are both exhibiting significa

#比特币技术分析 Looking back at the development of Bitcoin, I can't help but feel a surge of emotions. Since its birth in 2009, this digital money has experienced countless ups and downs, witnessing the fluctuations of the crypto market. Now, Bitwise predicts that the price of Bitcoin will reach $1.3 million by 2035, which reminds me of those crazy predictions from the early days.
In the past, many institutions made outrageous predictions, most of which ended up as a joke. But this time seems a bit different - institutional funds are leading the market, and Bitcoin is no longer just a game for retai

#比特币技术分析 The Bitcoin market has really been falling recently, making people feel anxious! However, as long-term investors, we must maintain a calm and rational attitude. Data shows that multiple factors, including continuous selling on Wall Street, outflows from ETF funds, and cashing out by on-chain old players, have led to Bitcoin falling below the 100,000 USD mark. But I believe this is just a short-term adjustment and does not affect the long-term positive trend of Bitcoin.
The market always fluctuates cyclically, and is currently in a profit-taking phase. For new entrants, this actually

#比特币技术分析 Looking back, the Bitcoin market has never been short of drama. In the past month, we have seen long-term holders sell about 400,000 Bitcoins, worth $45 billion. This reminds me of the big dump after the crazy bull run at the end of 2017. At that time, a large number of early investors also chose to take profits, triggering a bear market that lasted more than a year.
History is always astonishingly similar. Whenever market sentiment gets overheated, there is always a group of "smart money" that chooses to exit the market. They are often seasoned players who have experienced multiple

#比特币技术分析 This wave of market fluctuations is truly alarming. Long-term holders have sold 400,000 Bitcoins within a month, equivalent to a capital outflow of 45 billion USD, causing the market to become instantly unbalanced. The price of Bitcoin immediately fell below the $100,000 threshold, setting a new low for the past six months.
This large-scale sell-off often indicates a significant change in market sentiment. I have been closely monitoring a few traders who are skilled at grasping large cycles, and their recent actions have also appeared particularly cautious. It seems that we still nee

#比特币技术分析 The recent trend of Bitcoin is really concerning! The price has fallen below the realized prices for 1 month and 3 months, and is now hovering around $110,000. Short-term investors may be eager to sell at the breakeven point, which puts considerable pressure on the market. However, we shouldn't be too pessimistic. The realized price for 6 months, $107,440, is acting as a key support, which may provide Bitcoin with some breathing room.
As long-term believers, we must remain calm and patient. Market fluctuations are normal, but the fundamentals and long-term value of Bitcoin have not c

#比特币技术分析 Analyzed the current price movement of Bitcoin and found that it is below the key cost level, facing continuous downward pressure. The short-term realized price is around $115,300, while the 6-month realized price of $107,440 has become an important support. It is worth noting that the cost benchmark for short-term holders is around $108,500, which may become a rebound resistance. If it continues to fall, $100,000 will be another psychological barrier. Currently, market sentiment is tense, and investors should closely follow the relationship between the price and the realized prices

#比特币技术分析 Looking back at the crypto world over the years, I can't help but feel emotional seeing the Bitcoin RSI decline resembles the peak of the bull run in 2021. During that bull run, how many people cheered, thinking they had found the secret to wealth. However, the market is always cyclical, and history tends to repeat itself. Now, with the RSI continuing to decline while prices linger at high levels, this divergence is indeed worth being cautious about.
I remember back in 2021, everyone thought Bitcoin was going to reach $100,000, but soon after it started to plummet. In hindsight, the

#比特币技术分析 The latest on-chain data shows that Hyperliquid's adjustment to the pre-market price calculation method has triggered significant market volatility. The funding rates for XPL and WLFI have surged, with annualized rates reaching 800% and 100% respectively. This drastic change could have a substantial impact on short-term trading strategies. Notably, the quotes for XPL and WLFI on Hyperliquid show a significant premium compared to Binance, at 22.6% and 13.6% respectively. This price disparity may attract the attention of arbitrageurs, but caution should also be taken regarding potentia