新资本涌入！比特币突破 11 万美元关口的概率正在飙升

Group 1 - The core viewpoint is that the Bitcoin market structure is strengthening, with significant price increases accompanying the surge in new addresses from July to December 2024 and March to May 2025, indicating ongoing capital inflow reshaping the market landscape [1] - The relationship between Bitcoin supply and investor behavior shows that the enthusiasm of first-time buyers, combined with the net accumulation signals from long-term holders (LTH), creates a dual support of "demand growth + circulation tightening" [4] - The continuous accumulation behavior of LTH reduces market selling pressure and reinforces the long-term value of Bitcoin, establishing a foundation for potential price breakthroughs [4] Group 2 - The current Bitcoin price is $109,160, positioned just below the critical resistance level of $110,000, which is essential for maintaining bullish momentum and attracting new capital [7] - If LTH accumulation slows or selling increases, a drop below $106,265 could trigger a correction to $105,000, potentially undermining the current bullish logic [10] - The delicate balance of market sentiment and on-chain capital flow will determine whether Bitcoin enters a new bullish phase or a correction cycle, necessitating close monitoring of volume changes and key price levels [10]