<h2><strong>關鍵要點</strong></h2>
<h3><em>今天為什麼加密貨幣上漲？</em></h3>
<p>截至 10 月 26 日的週末，比特幣（BTC）上漲近 4%，而山寨幣市場也跟隨短期看漲情緒，短期平倉推動價格上漲。</p>
<h3><em>這一走勢可持續嗎？</em></h3>
<p>週一交易量的增加是一個好兆頭，但比特幣突破 117,000 美元是必要的。如果實現，跳升至 124,000 美元的可能性將更大，市場整體反彈也更有可能。</p>
<hr/>
<p>在 2025 年，有 27 萬個比特幣（BTC）被轉移，這些比特幣已經沉睡超過 7 年。這一數字是單一年份中最高的，顯示出長期持有者在比特幣今年創下新高時的獲利了結活動。</p>
<p>然而，這一波舊幣轉移並不足以讓市場跌破心理關口 100,000 美元。</p>
<p>10 月 10 日的平倉事件也不足以讓比特幣大幅下跌。</p>
<p>有證據表明，鯨魚吸收了部分賣壓，即使小型錢包仍在繼續拋售。此外，鯨魚持有量的增加並不足以抵擋賣壓，但可能是賣方已經疲憊。</p>
<p>隨着宏觀條件對風險資產變得有利，交易所儲備下降，長期信心超過了短期恐懼。</p>
<h2><strong>穩定的交易量和短期平倉推動比特幣上漲</strong></h2>
<p>AMBCrypto 在最近的一份報告中指出，比特幣的交易處於一個區間內。它可能在捍衞低點後向 116,000 美元的中間區間水平推進。</p>
<p>107,500 美元的技術支撐和週末的買入量結合表明，賣方在短期內可能已經疲憊。</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>來源：Glassnode</p>
<p>此外，風險情緒在山寨幣中依然強勁，自 10 月 25 日以來上漲了 3.86%。</p>
<h2><strong>平倉加速比特幣的上漲</strong></h2>
<p>平倉數據表明，短期平倉也推動了近期的走勢。在這方面，CoinGlass 的數據表明，比特幣交易者在過去 24 小時內平倉了價值 1.64 億美元的頭寸。</p>
<p>這些市場買單進一步推動了價格上漲。然而，在撰寫時遇到了中間區間的阻力。</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>來源：TradingView 上的 BTC/USDT</p>
<p>過去 24 小時的交易量高於平均水平，價格接近 116,000 美元的中間區間阻力。如果這一水平轉變為支撐，交易者可以期待價格上漲至 124,500 美元的區間高點。</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>來源：CoinGlass</p>
<p>比特幣在過去幾天一直在尋找上方的流動性。</p>
<p>116,600 美元至 118,000 美元區域還有另一簇短期平倉，將成為下一個目標。突破 118,000 美元將為市場設定一個看漲的一週。</p>

GBTC

<p>比特幣在週末經歷了近 4% 的反彈，主要受到空頭平倉和交易量增加的推動。突破 117,000 美元對於進一步上漲至 124,000 美元至關重要。儘管長期持有者進行了大量獲利了結，但市場仍穩定在 100,000 美元的心理關口之上。良好的宏觀經濟條件和下降的交易所儲備促成了強烈的風險情緒。最近的平倉數據顯示，1.64 億美元的空頭頭寸被平倉，進一步推動比特幣價格向 116,000 美元的中期阻力位靠近，如果這一水平得以維持，未來一週可能會出現看漲走勢</p>

<h2><strong>Key Takeaways</strong></h2>
<div class="lb-trans"><h2><strong>關鍵要點</strong></h2>
</div><h3><em>Why is crypto up today?</em></h3>
<div class="lb-trans"><h3><em>今天為什麼加密貨幣上漲？</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 日的週末，比特幣（BTC）上漲近 4%，而山寨幣市場也跟隨短期看漲情緒，短期平倉推動價格上漲。</p>
</div><h3><em>Is this move sustainable?</em></h3>
<div class="lb-trans"><h3><em>這一走勢可持續嗎？</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>週一交易量的增加是一個好兆頭，但比特幣突破 117,000 美元是必要的。如果實現，跳升至 124,000 美元的可能性將更大，市場整體反彈也更有可能。</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 萬個比特幣（BTC）被轉移，這些比特幣已經沉睡超過 7 年。這一數字是單一年份中最高的，顯示出長期持有者在比特幣今年創下新高時的獲利了結活動。</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，這一波舊幣轉移並不足以讓市場跌破心理關口 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 日的平倉事件也不足以讓比特幣大幅下跌。</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>有證據表明，鯨魚吸收了部分賣壓，即使小型錢包仍在繼續拋售。此外，鯨魚持有量的增加並不足以抵擋賣壓，但可能是賣方已經疲憊。</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>隨着宏觀條件對風險資產變得有利，交易所儲備下降，長期信心超過了短期恐懼。</p>
</div><h2><strong>Steady volume and short liquidations drive BTC higher</strong></h2>
<div class="lb-trans"><h2><strong>穩定的交易量和短期平倉推動比特幣上漲</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 在最近的一份報告中指出，比特幣的交易處於一個區間內。它可能在捍衞低點後向 116,000 美元的中間區間水平推進。</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 美元的技術支撐和週末的買入量結合表明，賣方在短期內可能已經疲憊。</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>來源：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，風險情緒在山寨幣中依然強勁，自 10 月 25 日以來上漲了 3.86%。</p>
</div><h2><strong>Liquidations accelerate BTC’s climb</strong></h2>
<div class="lb-trans"><h2><strong>平倉加速比特幣的上漲</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>平倉數據表明，短期平倉也推動了近期的走勢。在這方面，CoinGlass 的數據表明，比特幣交易者在過去 24 小時內平倉了價值 1.64 億美元的頭寸。</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>這些市場買單進一步推動了價格上漲。然而，在撰寫時遇到了中間區間的阻力。</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>來源：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>過去 24 小時的交易量高於平均水平，價格接近 116,000 美元的中間區間阻力。如果這一水平轉變為支撐，交易者可以期待價格上漲至 124,500 美元的區間高點。</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>來源：CoinGlass</p>
</div><p>BTC has been hunting the liquidity overhead in the past few days.</p>
<div class="lb-trans"><p>比特幣在過去幾天一直在尋找上方的流動性。</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 美元區域還有另一簇短期平倉，將成為下一個目標。突破 118,000 美元將為市場設定一個看漲的一週。</p>
</div>

比特幣突破 11.6 萬美元的原因解析——以下是加密貨幣今日上漲的兩個原因！