<h2><strong>关键要点</strong></h2>
<h3><em>今天为什么加密货币上涨？</em></h3>
<p>截至 10 月 26 日的周末，比特币（BTC）上涨近 4%，而山寨币市场也跟随短期看涨情绪，短期平仓推动价格上涨。</p>
<h3><em>这一走势可持续吗？</em></h3>
<p>周一交易量的增加是一个好兆头，但比特币突破 117,000 美元是必要的。如果实现，跳升至 124,000 美元的可能性将更大，市场整体反弹也更有可能。</p>
<hr/>
<p>在 2025 年，有 27 万个比特币（BTC）被转移，这些比特币已经沉睡超过 7 年。这一数字是单一年份中最高的，显示出长期持有者在比特币今年创下新高时的获利了结活动。</p>
<p>然而，这一波旧币转移并不足以让市场跌破心理关口 100,000 美元。</p>
<p>10 月 10 日的平仓事件也不足以让比特币大幅下跌。</p>
<p>有证据表明，鲸鱼吸收了部分卖压，即使小型钱包仍在继续抛售。此外，鲸鱼持有量的增加并不足以抵挡卖压，但可能是卖方已经疲惫。</p>
<p>随着宏观条件对风险资产变得有利，交易所储备下降，长期信心超过了短期恐惧。</p>
<h2><strong>稳定的交易量和短期平仓推动比特币上涨</strong></h2>
<p>AMBCrypto 在最近的一份报告中指出，比特币的交易处于一个区间内。它可能在捍卫低点后向 116,000 美元的中间区间水平推进。</p>
<p>107,500 美元的技术支撑和周末的买入量结合表明，卖方在短期内可能已经疲惫。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/BTC-Total-Liquidations.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/BTC-Total-Liquidations.png"/></p>
<p>来源：Glassnode</p>
<p>此外，风险情绪在山寨币中依然强劲，自 10 月 25 日以来上涨了 3.86%。</p>
<h2><strong>平仓加速比特币的上涨</strong></h2>
<p>平仓数据表明，短期平仓也推动了近期的走势。在这方面，CoinGlass 的数据表明，比特币交易者在过去 24 小时内平仓了价值 1.64 亿美元的头寸。</p>
<p>这些市场买单进一步推动了价格上涨。然而，在撰写时遇到了中间区间的阻力。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/Bitcoin-4-hour-Chart-3.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/Bitcoin-4-hour-Chart-3.png"/></p>
<p>来源：TradingView 上的 BTC/USDT</p>
<p>过去 24 小时的交易量高于平均水平，价格接近 116,000 美元的中间区间阻力。如果这一水平转变为支撑，交易者可以期待价格上涨至 124,500 美元的区间高点。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/Bitcoin-Liquidation-Heatmap-2.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/Bitcoin-Liquidation-Heatmap-2.png"/></p>
<p>来源：CoinGlass</p>
<p>比特币在过去几天一直在寻找上方的流动性。</p>
<p>116,600 美元至 118,000 美元区域还有另一簇短期平仓，将成为下一个目标。突破 118,000 美元将为市场设定一个看涨的一周。</p>

GBTC

<p>比特币在周末经历了近 4% 的反弹，主要受到空头平仓和交易量增加的推动。突破 117,000 美元对于进一步上涨至 124,000 美元至关重要。尽管长期持有者进行了大量获利了结，但市场仍稳定在 100,000 美元的心理关口之上。良好的宏观经济条件和下降的交易所储备促成了强烈的风险情绪。最近的平仓数据显示，1.64 亿美元的空头头寸被平仓，进一步推动比特币价格向 116,000 美元的中期阻力位靠近，如果这一水平得以维持，未来一周可能会出现看涨走势</p>

<h2><strong>Key Takeaways</strong></h2>
<div class="lb-trans"><h2><strong>关键要点</strong></h2>
</div><h3><em>Why is crypto up today?</em></h3>
<div class="lb-trans"><h3><em>今天为什么加密货币上涨？</em></h3>
</div><p>The weekend ending 26th October saw a BTC rally of nearly 4% and the altcoin market followed the short-term bullish sentiment, aided by short liquidations driving prices higher.</p>
<div class="lb-trans"><p>截至 10 月 26 日的周末，比特币（BTC）上涨近 4%，而山寨币市场也跟随短期看涨情绪，短期平仓推动价格上涨。</p>
</div><h3><em>Is this move sustainable?</em></h3>
<div class="lb-trans"><h3><em>这一走势可持续吗？</em></h3>
</div><p>The rise in volume on Monday was a good sign, but a Bitcoin move beyond $117k is necessary. If it materializes, a jump to the $124k mark and a market-wide bounce would be more likely.</p>
<div class="lb-trans"><p>周一交易量的增加是一个好兆头，但比特币突破 117,000 美元是必要的。如果实现，跳升至 124,000 美元的可能性将更大，市场整体反弹也更有可能。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p>In 2025, there were 270k Bitcoin [BTC] moved that have been dormant for more than 7 years. This figure is the highest ever for a single year, and showed profit-taking activity from long-time holders as Bitcoin made new all-time highs this year.</p>
<div class="lb-trans"><p>在 2025 年，有 27 万个比特币（BTC）被转移，这些比特币已经沉睡超过 7 年。这一数字是单一年份中最高的，显示出长期持有者在比特币今年创下新高时的获利了结活动。</p>
</div><p>Yet, this spate of old coin movements was not enough to spook the market into dropping below the psychological $100k level.</p>
<div class="lb-trans"><p>然而，这一波旧币转移并不足以让市场跌破心理关口 100,000 美元。</p>
</div><p>Neither was the liquidation event on the 10th of October enough to send Bitcoin reeling.</p>
<div class="lb-trans"><p>10 月 10 日的平仓事件也不足以让比特币大幅下跌。</p>
</div><p>There was evidence that suggested whales absorbed part of the selling pressure even as smaller wallets continued to offload holdings. Moreover, the increased whale holdings were not enough to keep the selling pressure at bay- but it might be that sellers are exhausted.</p>
<div class="lb-trans"><p>有证据表明，鲸鱼吸收了部分卖压，即使小型钱包仍在继续抛售。此外，鲸鱼持有量的增加并不足以抵挡卖压，但可能是卖方已经疲惫。</p>
</div><p>With macro conditions turning favorable for risk assets and Exchange Reserves falling, long-term conviction outweighed short-term fear.</p>
<div class="lb-trans"><p>随着宏观条件对风险资产变得有利，交易所储备下降，长期信心超过了短期恐惧。</p>
</div><h2><strong>Steady volume and short liquidations drive BTC higher</strong></h2>
<div class="lb-trans"><h2><strong>稳定的交易量和短期平仓推动比特币上涨</strong></h2>
</div><p>AMBCrypto demonstrated in a recent report that Bitcoin was trading within a range. It was likely to push toward the mid-range level at $116k after defending the lows.</p>
<div class="lb-trans"><p>AMBCrypto 在最近的一份报告中指出，比特币的交易处于一个区间内。它可能在捍卫低点后向 116,000 美元的中间区间水平推进。</p>
</div><p>The combination of technical support at $107.5k and the buying volume over the weekend suggested sellers might be exhausted in the short term.</p>
<div class="lb-trans"><p>107,500 美元的技术支撑和周末的买入量结合表明，卖方在短期内可能已经疲惫。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/BTC-Total-Liquidations.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/10/BTC-Total-Liquidations.png"/></p>
<p>Source: Glassnode</p>
<div class="lb-trans"><p>来源：Glassnode</p>
</div><p>On top of that, risk sentiment remained strong across altcoins, which climbed 3.86% since the 25th of October.</p>
<div class="lb-trans"><p>此外，风险情绪在山寨币中依然强劲，自 10 月 25 日以来上涨了 3.86%。</p>
</div><h2><strong>Liquidations accelerate BTC’s climb</strong></h2>
<div class="lb-trans"><h2><strong>平仓加速比特币的上涨</strong></h2>
</div><p>Liquidation data suggested that short liquidations also fueled the recent move. On that note, CoinGlass data showed that Bitcoin traders saw $164 million worth of positions liquidated in the past 24 hours.</p>
<div class="lb-trans"><p>平仓数据表明，短期平仓也推动了近期的走势。在这方面，CoinGlass 的数据表明，比特币交易者在过去 24 小时内平仓了价值 1.64 亿美元的头寸。</p>
</div><p>These market buy orders drove prices higher still. However, it ran into the mid-range resistance at the time of writing.</p>
<div class="lb-trans"><p>这些市场买单进一步推动了价格上涨。然而，在撰写时遇到了中间区间的阻力。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/Bitcoin-4-hour-Chart-3.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/10/Bitcoin-4-hour-Chart-3.png"/></p>
<p>Source: BTC/USDT on TradingView</p>
<div class="lb-trans"><p>来源：TradingView 上的 BTC/USDT</p>
</div><p>The past 24 hours saw above-average trading volume as the price approached the mid-range resistance at $116k. If this level is flipped to support, traders can expect a rally to the range highs at $124.5k.</p>
<div class="lb-trans"><p>过去 24 小时的交易量高于平均水平，价格接近 116,000 美元的中间区间阻力。如果这一水平转变为支撑，交易者可以期待价格上涨至 124,500 美元的区间高点。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/Bitcoin-Liquidation-Heatmap-2.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/10/Bitcoin-Liquidation-Heatmap-2.png"/></p>
<p>Source: CoinGlass</p>
<div class="lb-trans"><p>来源：CoinGlass</p>
</div><p>BTC has been hunting the liquidity overhead in the past few days.</p>
<div class="lb-trans"><p>比特币在过去几天一直在寻找上方的流动性。</p>
</div><p>The $116.6k-$118k area had another cluster of short liquidations that would be the next target. A move past $118k would set the market up for a bullish week.</p>
<div class="lb-trans"><p>116,600 美元至 118,000 美元区域还有另一簇短期平仓，将成为下一个目标。突破 118,000 美元将为市场设定一个看涨的一周。</p>
</div>

比特币突破 11.6 万美元的原因解析——以下是加密货币今日上涨的两个原因！