尽管比特币价格走势稳定，看似避险资产，但链上数据显示其潜在供应已接近枯竭。诸如90天代币销毁天数（CDD-90）等指标仍处于历史低位，表明长期持有者并不活跃，即使在2026年2月价格接近7万美元时，他们也没有抛售。这暗示着11月的上涨行情期间可能发生了大规模抛售。虽然散户情绪依然复杂，像Aditya Singhania这样的人物指出市场并未出现恐慌，但市场整体特征是长期持有者保持稳定，早期巨鲸正在缓慢获利。除非出现严重的经济衰退，否则最有可能的结果是市场将长期横盘整理。
-
AGRI
$0.003321
-0.06%
-
THE
$0.2557
0.7%
-
ENA
$0.1039
0.23%
-
VINE
$0.01629
-3.49%
-
GOVI
$0.002192
1.9%
-
PHB
$0.1396
-0.49%
-
DEEP
$0.02476
-2.59%
-
SKYA
$0.000964
-7.48%
-
RIZZMAS
$0.0000027991
3.15%
-
SHIB
$0.000005544
-4.26%
-
NBT
$0.0009493
2.5%
-
NOS
$0.1564
1.55%
-
ORO
$0.0008811
2.81%
-
CORN
$0.04671
-0.29%
-
DEEPSEEK
$0.00009775
5.64%
-
SMB
$0.27753
6.54%
-
RACA
$0.00001795
0.16%
-
BCH
$439.74
-4.03%
-
BSW
$0.001955
3.16%
-
JENSOL
$0.0001834
0.93%
-
DODO
$0.01437
-2.44%
-
SCA
$0.02564
-1.19%
-
NIGHT
$0.05749
-1.28%
-
BOSON
$0.04602
-5.13%
-
GRIFFAIN
$0.008453
-1.78%
-
UMA
$0.4155
-4.26%
-
MAN
$0.001961
16.58%