{"id":72329,"date":"2026-04-16T09:19:25","date_gmt":"2026-04-16T02:19:25","guid":{"rendered":"https:\/\/hbbgroup.net\/bitcoin-miners-are-choosing-to-hold-at-74k-changing-the-supply-picture\/"},"modified":"2026-04-16T10:11:20","modified_gmt":"2026-04-16T03:11:20","slug":"bitcoin-miners-are-choosing-to-hold-at-74k-changing-the-supply-picture","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/bitcoin-miners-are-choosing-to-hold-at-74k-changing-the-supply-picture\/","title":{"rendered":"Th\u1ee3 \u0111\u00e0o Bitcoin \u0111ang ch\u1ecdn hold \u1edf m\u1ee9c 74,000 USD: B\u1ee9c tranh ngu\u1ed3n cung \u0111ang thay \u0111\u1ed5i"},"content":{"rendered":"
\n

Bitcoin \u0111ang t\u00edch l\u0169y quanh v\u00f9ng 74,000 USD<\/strong> sau m\u1ed9t giai \u0111o\u1ea1n t\u0103ng gi\u00e1 t\u00edch c\u1ef1c, thu h\u00fat l\u1ea1i l\u1ef1c mua v\u00e0 kh\u01a1i d\u1eady k\u1ef3 v\u1ecdng v\u1ec1 m\u1ed9t s\u1ef1 ph\u1ee5c h\u1ed3i r\u1ed9ng h\u01a1n. Trong khi ph\u1ea7n l\u1edbn trader t\u1eadp trung v\u00e0o \u0111\u1ed9ng l\u01b0\u1ee3ng gi\u00e1, m\u1ed9t y\u1ebfu t\u1ed1 c\u1ea5u tr\u00fac quan tr\u1ecdng \u0111ang \u00e2m th\u1ea7m di\u1ec5n ra \u1edf ph\u00eda ngu\u1ed3n cung<\/strong> \u2014 y\u1ebfu t\u1ed1 c\u00f3 th\u1ec3 quy\u1ebft \u0111\u1ecbnh li\u1ec7u \u0111\u00e0 t\u0103ng hi\u1ec7n t\u1ea1i c\u00f3 \u0111\u01b0\u1ee3c duy tr\u00ec hay suy y\u1ebfu.<\/p>\n

Theo b\u00e1o c\u00e1o t\u1eeb Arab Chain, Miners\u2019 Position Index (MPI)<\/strong> \u0111\u00e3 chuy\u1ec3n sang v\u00f9ng \u00e2m, ghi nh\u1eadn m\u1ee9c kho\u1ea3ng -0.83<\/strong>. Con s\u1ed1 n\u00e0y ph\u1ea3n \u00e1nh s\u1ef1 thay \u0111\u1ed5i r\u00f5 r\u1ec7t trong h\u00e0nh vi c\u1ee7a th\u1ee3 \u0111\u00e0o: thay v\u00ec chuy\u1ec3n Bitcoin l\u00ean s\u00e0n \u0111\u1ec3 b\u00e1n, h\u1ecd hi\u1ec7n \u0111ang ch\u1ecdn n\u1eafm gi\u1eef (hold)<\/strong>. K\u1ebft qu\u1ea3 l\u00e0 m\u1ed9t trong nh\u1eefng ngu\u1ed3n \u00e1p l\u1ef1c b\u00e1n \u1ed5n \u0111\u1ecbnh nh\u1ea5t tr\u00ean th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 gi\u1ea3m \u0111\u00e1ng k\u1ec3.<\/p>\n

Trong b\u1ed1i c\u1ea3nh l\u1ecbch s\u1eed, t\u00edn hi\u1ec7u n\u00e0y c\u00e0ng tr\u1edf n\u00ean \u0111\u00e1ng ch\u00fa \u00fd. Khi MPI v\u01b0\u1ee3t tr\u00ean m\u1ee9c 2<\/strong>, \u0111i\u1ec1u \u0111\u00f3 th\u01b0\u1eddng cho th\u1ea5y th\u1ee3 \u0111\u00e0o \u0111ang b\u00e1n m\u1ea1nh \u2014 v\u00e0 c\u00e1c \u0111\u1ec9nh n\u00e0y th\u01b0\u1eddng tr\u00f9ng v\u1edbi nh\u1eefng \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh gi\u00e1. Ng\u01b0\u1ee3c l\u1ea1i, m\u1ee9c \u00e2m hi\u1ec7n t\u1ea1i cho th\u1ea5y th\u1ee3 \u0111\u00e0o kh\u00f4ng b\u1ed5 sung ngu\u1ed3n cung l\u00ean s\u00e0n<\/strong>, khi\u1ebfn \u00e1p l\u1ef1c b\u00e1n t\u1eeb ph\u00eda n\u00e0y g\u1ea7n nh\u01b0 kh\u00f4ng c\u00f2n xu\u1ea5t hi\u1ec7n.<\/p>\n

\u0110\u1ed1i v\u1edbi Bitcoin \u0111ang c\u1ed1 g\u1eafng gi\u1eef v\u1eefng v\u00f9ng 74,000 USD<\/strong>, \u0111i\u1ec1u n\u00e0y r\u1ea5t quan tr\u1ecdng. Nh\u1eefng \u0111\u1ee3t t\u0103ng gi\u00e1 kh\u00f4ng b\u1ecb \u00e1p l\u1ef1c b\u00e1n t\u1eeb th\u1ee3 \u0111\u00e0o th\u01b0\u1eddng g\u1eb7p \u00edt l\u1ef1c c\u1ea3n n\u1ed9i t\u1ea1i h\u01a1n so v\u1edbi nh\u1eefng giai \u0111o\u1ea1n ph\u1ea3i h\u1ea5p th\u1ee5 l\u01b0\u1ee3ng cung l\u1edbn t\u1eeb nh\u00f3m \u201cnh\u00e0 s\u1ea3n xu\u1ea5t\u201d l\u1edbn nh\u1ea5t c\u1ee7a m\u1ea1ng l\u01b0\u1edbi.<\/p>\n

M\u1ed9t m\u00f4 h\u00ecnh kh\u00e1c so v\u1edbi c\u00e1c \u0111\u1ee3t spike tr\u01b0\u1edbc<\/strong><\/p>\n

L\u1ecbch s\u1eed c\u1ee7a ch\u1ec9 s\u1ed1 MPI cung c\u1ea5p th\u00eam g\u00f3c nh\u00ecn quan tr\u1ecdng. Trong nh\u1eefng th\u00e1ng tr\u01b0\u1edbc, ch\u1ec9 s\u1ed1 n\u00e0y nhi\u1ec1u l\u1ea7n t\u0103ng v\u1ecdt tr\u00ean m\u1ee9c 2<\/strong>, v\u00e0 m\u1ed7i l\u1ea7n nh\u01b0 v\u1eady \u0111\u1ec1u tr\u00f9ng v\u1edbi giai \u0111o\u1ea1n gi\u00e1 Bitcoin suy y\u1ebfu. M\u1ed1i t\u01b0\u01a1ng quan n\u00e0y r\u1ea5t r\u00f5 r\u00e0ng: khi th\u1ee3 \u0111\u00e0o \u0111\u1ea9y m\u1ea1nh chuy\u1ec3n coin l\u00ean s\u00e0n, gi\u00e1 th\u01b0\u1eddng gi\u1ea3m theo.<\/p>\n

M\u00f4 h\u00ecnh n\u00e0y \u0111\u1ee7 nh\u1ea5t qu\u00e1n \u0111\u1ec3 \u0111\u01b0\u1ee3c xem nh\u01b0 m\u1ed9t ch\u1ec9 b\u00e1o s\u1edbm (leading indicator)<\/strong> v\u1ec1 \u00e1p l\u1ef1c b\u00e1n ng\u1eafn h\u1ea1n \u2014 xu\u1ea5t ph\u00e1t t\u1eeb m\u1ed9t trong nh\u1eefng ngu\u1ed3n cung c\u00f3 \u1ea3nh h\u01b0\u1edfng c\u1ea5u tr\u00fac l\u1edbn nh\u1ea5t tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/p>\n

\"Bitcoin
Ch\u1ec9 s\u1ed1 Miners\u2019 Position Index (MPI) c\u1ee7a Bitcoin<\/strong> | Ngu\u1ed3n: CryptoQuant<\/a><\/figcaption><\/figure>\n

Giai \u0111o\u1ea1n hi\u1ec7n t\u1ea1i cho th\u1ea5y m\u1ed9t s\u1ef1 kh\u00e1c bi\u1ec7t r\u00f5 r\u1ec7t. Thay v\u00ec t\u0103ng v\u1ecdt, ch\u1ec9 s\u1ed1 MPI \u0111ang di chuy\u1ec3n trong v\u00f9ng th\u1ea5p v\u00e0 \u1ed5n \u0111\u1ecbnh \u2014 m\u1ed9t s\u1ef1 thay \u0111\u1ed5i h\u00e0nh vi cho th\u1ea5y c\u00e1c th\u1ee3 \u0111\u00e0o \u0111\u00e3 t\u1ea1m th\u1eddi r\u00fat kh\u1ecfi tr\u1ea1ng th\u00e1i ph\u00e2n ph\u1ed1i (b\u00e1n ra) t\u1eebng chi ph\u1ed1i c\u00e1c giai \u0111o\u1ea1n tr\u01b0\u1edbc. V\u1edbi m\u1ee9c -0.83<\/strong>, ch\u1ec9 s\u1ed1 n\u00e0y kh\u00f4ng ch\u1ec9 n\u1eb1m d\u01b0\u1edbi ng\u01b0\u1ee1ng c\u1ea3nh b\u00e1o, m\u00e0 c\u00f2n cho th\u1ea5y nh\u1eefng th\u1ee3 \u0111\u00e0o t\u1eebng g\u00e2y ra c\u00e1c \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh tr\u01b0\u1edbc \u0111\u00e2y hi\u1ec7n \u0111ang gi\u1eef coin thay v\u00ec chuy\u1ec3n l\u00ean s\u00e0n<\/strong>.<\/p>\n

Khi Bitcoin \u0111ang giao d\u1ecbch quanh 74,000 USD<\/strong>, th\u1eddi \u0111i\u1ec3m c\u1ee7a s\u1ef1 thay \u0111\u1ed5i n\u00e0y l\u00e0 r\u1ea5t quan tr\u1ecdng. M\u1ed9t m\u1ee9c gi\u00e1 \u0111ang c\u1ed1 g\u1eafng t\u00edch l\u0169y \u1edf v\u00f9ng cao s\u1ebd b\u1ec1n v\u1eefng h\u01a1n nhi\u1ec1u khi ph\u00eda ngu\u1ed3n cung \u201cim l\u1eb7ng\u201d, thay v\u00ec li\u00ean t\u1ee5c t\u1ea1o \u00e1p l\u1ef1c b\u00e1n.<\/p>\n

B\u00e1o c\u00e1o \u0111\u00e1nh gi\u00e1 tri\u1ec3n v\u1ecdng m\u1ed9t c\u00e1ch th\u1eadn tr\u1ecdng: n\u1ebfu MPI ti\u1ebfp t\u1ee5c \u1ed5n \u0111\u1ecbnh, \u0111i\u1ec1u n\u00e0y s\u1ebd h\u1ed7 tr\u1ee3 cho di\u1ec5n bi\u1ebfn gi\u00e1 c\u00e2n b\u1eb1ng h\u01a1n trong th\u1eddi gian t\u1edbi. Ng\u01b0\u1ee3c l\u1ea1i, n\u1ebfu ch\u1ec9 s\u1ed1 quay tr\u1edf l\u1ea1i g\u1ea7n ng\u01b0\u1ee1ng 2<\/strong>, \u0111\u00f3 s\u1ebd l\u00e0 t\u00edn hi\u1ec7u c\u1ea7n theo d\u00f5i s\u00e1t v\u00ec cho th\u1ea5y th\u1ee3 \u0111\u00e0o \u0111ang quay l\u1ea1i tr\u1ea1ng th\u00e1i ph\u00e2n ph\u1ed1i.<\/p>\n

Hi\u1ec7n t\u1ea1i, \u00e1p l\u1ef1c t\u1eebng g\u00e2y ra c\u00e1c \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh tr\u01b0\u1edbc \u0111\u00e2y \u0111ang kh\u00f4ng c\u00f2n xu\u1ea5t hi\u1ec7n<\/strong>. \u0110i\u1ec1u n\u00e0y kh\u00f4ng \u0111\u1ea3m b\u1ea3o gi\u00e1 s\u1ebd ti\u1ebfp t\u1ee5c t\u0103ng, nh\u01b0ng n\u00f3 lo\u1ea1i b\u1ecf m\u1ed9t trong nh\u1eefng y\u1ebfu t\u1ed1 l\u1ecbch s\u1eed r\u00f5 r\u00e0ng nh\u1ea5t d\u1eabn \u0111\u1ebfn xu h\u01b0\u1edbng gi\u1ea3m.<\/p>\n

Bitcoin hi\u1ec7n \u0111ang c\u1ed1 g\u1eafng l\u1ea5y l\u1ea1i m\u1ed1c 74,000 USD<\/strong> sau c\u00fa breakdown m\u1ea1nh trong th\u00e1ng 2 \u2014 s\u1ef1 ki\u1ec7n \u0111\u00e3 \u201creset\u201d c\u1ea5u tr\u00fac th\u1ecb tr\u01b0\u1eddng v\u00e0 thanh l\u1ecdc \u0111\u00f2n b\u1ea9y. \u0110\u1ee3t b\u00e1n th\u00e1o n\u00e0y, \u0111\u01b0\u1ee3c \u0111\u00e1nh d\u1ea5u b\u1eb1ng m\u1ed9t c\u00fa capitulation wick kh\u1ed1i l\u01b0\u1ee3ng l\u1edbn<\/strong> v\u1ec1 v\u00f9ng low 60,000 USD<\/strong>, \u0111\u00e3 thi\u1ebft l\u1eadp v\u00f9ng giao d\u1ecbch hi\u1ec7n t\u1ea1i v\u00e0 x\u00e1c \u0111\u1ecbnh m\u1ed9t \u0111\u00e1y c\u1ee5c b\u1ed9 r\u00f5 r\u00e0ng.<\/p>\n

\n
\"BTC
BTC \u0111ang ki\u1ec3m tra v\u00f9ng kh\u00e1ng c\u1ef1 c\u1ea5u tr\u00fac | Ngu\u1ed3n: BTCUSDT chart on TradingView<\/a><\/figcaption><\/figure>\n

K\u1ec3 t\u1eeb \u0111\u00f3, gi\u00e1 \u0111\u00e3 h\u00ecnh th\u00e0nh chu\u1ed7i higher lows (\u0111\u00e1y sau cao h\u01a1n \u0111\u00e1y tr\u01b0\u1edbc)<\/strong>, cho th\u1ea5y l\u1ef1c mua \u0111ang quay tr\u1edf l\u1ea1i d\u1ea7n v\u00e0 th\u1ecb tr\u01b0\u1eddng \u1ed5n \u0111\u1ecbnh h\u01a1n. Tuy nhi\u00ean, \u0111\u1ee3t h\u1ed3i ph\u1ee5c hi\u1ec7n t\u1ea1i \u0111ang \u0111\u1ed1i m\u1eb7t v\u1edbi m\u1ed9t v\u00f9ng h\u1ee3p l\u01b0u quan tr\u1ecdng. Khu v\u1ef1c 74,000\u201375,000 USD<\/strong> tr\u00f9ng v\u1edbi v\u00f9ng h\u1ed7 tr\u1ee3 c\u0169 nay tr\u1edf th\u00e0nh kh\u00e1ng c\u1ef1, \u0111\u1ed3ng th\u1eddi n\u1eb1m ngay d\u01b0\u1edbi \u0111\u01b0\u1eddng MA 100 ng\u00e0y (m\u00e0u xanh l\u00e1)<\/strong> \u0111ang d\u1ed1c xu\u1ed1ng, trong khi MA 200 ng\u00e0y (m\u00e0u \u0111\u1ecf)<\/strong> v\u1eabn \u1edf cao h\u01a1n \u0111\u00e1ng k\u1ec3 \u2014 c\u1ee7ng c\u1ed1 xu h\u01b0\u1edbng gi\u1ea3m d\u00e0i h\u1ea1n.<\/p>\n

\u0110\u1ed9ng l\u01b0\u1ee3ng ng\u1eafn h\u1ea1n \u0111ang c\u1ea3i thi\u1ec7n. \u0110\u01b0\u1eddng MA 50 ng\u00e0y (m\u00e0u xanh d\u01b0\u01a1ng)<\/strong> \u0111\u00e3 quay \u0111\u1ea7u \u0111i l\u00ean v\u00e0 \u0111ang h\u1ed7 tr\u1ee3 gi\u00e1 t\u1eeb ph\u00eda d\u01b0\u1edbi, cho th\u1ea5y c\u1ea5u tr\u00fac c\u1ee7a nh\u1ecbp h\u1ed3i hi\u1ec7n t\u1ea1i \u201ckh\u1ecfe\u201d h\u01a1n so v\u1edbi c\u00e1c \u0111\u1ee3t relief rally tr\u01b0\u1edbc \u0111\u00f3. Tuy nhi\u00ean, vi\u1ec7c kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch kh\u00f4ng t\u0103ng m\u1ea1nh nh\u01b0 giai \u0111o\u1ea1n capitulation th\u00e1ng 2<\/strong> cho th\u1ea5y \u0111\u00e2y v\u1eabn l\u00e0 m\u1ed9t \u0111\u1ee3t ph\u1ee5c h\u1ed3i c\u00f3 ki\u1ec3m so\u00e1t, ch\u01b0a ph\u1ea3i l\u00e0 giai \u0111o\u1ea1n t\u00edch l\u0169y m\u1ea1nh.<\/p>\n

Bi\u1ebfn s\u1ed1 quan tr\u1ecdng n\u1eb1m \u1edf vi\u1ec7c gi\u00e1 c\u00f3 th\u1ec3 duy tr\u00ec tr\u00ean 75,000 USD hay kh\u00f4ng<\/strong>. N\u1ebfu breakout v\u00e0 gi\u1eef v\u1eefng tr\u00ean m\u1ee9c n\u00e0y, c\u1ea5u tr\u00fac th\u1ecb tr\u01b0\u1eddng s\u1ebd chuy\u1ec3n sang pha ti\u1ebfp di\u1ec5n, m\u1edf \u0111\u01b0\u1eddng h\u01b0\u1edbng t\u1edbi v\u00f9ng 80,000 USD<\/strong>. Ng\u01b0\u1ee3c l\u1ea1i, n\u1ebfu kh\u00f4ng th\u1ec3 ph\u00e1 v\u1ee1 d\u1ee9t kho\u00e1t, kh\u1ea3 n\u0103ng cao gi\u00e1 s\u1ebd b\u1ecb t\u1eeb ch\u1ed1i v\u00e0 ti\u1ebfp t\u1ee5c dao \u0111\u1ed9ng trong range hi\u1ec7n t\u1ea1i kho\u1ea3ng 68,000\u201375,000 USD<\/strong>.<\/p>\n

H\u00ecnh \u1ea3nh minh h\u1ecda t\u1eeb ChatGPT, bi\u1ec3u \u0111\u1ed3 t\u1eeb TradingView.com<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Bitcoin \u0111ang t\u00edch l\u0169y quanh v\u00f9ng 74,000 USD sau m\u1ed9t giai \u0111o\u1ea1n t\u0103ng gi\u00e1 t\u00edch c\u1ef1c, thu h\u00fat l\u1ea1i l\u1ef1c […]<\/p>","protected":false},"author":5,"featured_media":72330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-72329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/72329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=72329"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/72329\/revisions"}],"predecessor-version":[{"id":72514,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/72329\/revisions\/72514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/72330"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=72329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=72329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=72329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}