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分析:筹码结构显示 BTC 底部正形成,66,000 美元为真实资金入场区

2026-05-08 17:52:05

ChainCatcher 消息,分析师 Murphy 表示,市场普遍关注 6 万美元的价格低点,但筹码结构分析揭示,比特币真正的底部基础或在于 66,000 美元附近的密集换手区。

数据显示,该位置累计了约 44 万枚 BTC,其中 24 万枚的换手发生在 2 月至 4 月期间。当前,6.5 万至 7.8 万美元区间的筹码占比已达 13.8%。尽管仍低于 2022 年 10 月 FTX 暴雷前 18.7% 的水平,但考虑到本轮周期中,ETF 和 MicroStrategy 等传统资金已将约 13% 的流通筹码锁定在相对高位,当前比例已具备构建底部结构的基础。

若市场能出现二次回踩,在该区间实现进一步换手,将使底部基础更加厚实,具备更强的“抗击打能力”。真正的底部不应以最低价(6 万美元)为起点,而应以大资金集中进场的换手区(66,000 美元)为判断标准。当前 7.8 万至 8.2 万美元区间换手仍不充分,市场分歧尚需消化。

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