K33:比特币震荡区间抛压减弱,市场或正从派发阶段过渡至筑底阶段

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Gate News 消息,3 月 25 日,加密研究机构 K33 发布报告称,比特币近期持续横盘整理,市场抛售压力减弱,可能正逐步接近阶段性底部。K33 研究主管 Vetle Lunde 指出,比特币近几周主要在 6 万至 7.5 万美元区间震荡,这一区间伴随 ETF 资金流与长期持有者行为趋稳,通常被视为"市场筑底"特征,当前约 7 万美元低位对中长期投资者具备吸引力。

长期持有者方面,持币超过 6 个月的供应量在 2025 年底大幅下降后重新回升,显示投资者在当前价格区间更倾向持有而非卖出,有助于稳定价格。不过,K33 同时指出,宏观环境仍具不确定性。中东地缘冲突及油价波动叠加美联储偏鹰立场,可能压制风险偏好并限制增量资金入场。

K33 认为,尽管短期内仍受宏观因素制约上涨空间,但抛压减弱、ETF 资金趋稳及价格区间震荡的组合,意味着市场可能正从派发阶段过渡至筑底阶段。

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