比特幣積累地址顯示出強烈購買的跡象，是BTC的看漲信號

鏈上的數據顯示，沒有銷售歷史的比特幣投資者重新積累，這可能是BTC的價格看漲的標誌。

On-chain data reveals that Bitcoin investors with no selling history are once again accumulating heavily, a sign that could be bullish for BTC’s price.

鏈上的數據表明，沒有銷售歷史的比特幣投資者再次積累了大量積累，這可能是BTC的價格看漲的標誌。

On-chain analytics firm CryptoQuant discussed the demand from Bitcoin’s Permanent Holders in a new post on X. Also known as Accumulation Addresses, Permanent Holders are BTC wallets that have never made an outflow transaction.

鏈上分析公司CryptoQuant在X上的一篇新帖子中討論了比特幣永久持有人的需求。也稱為累積地址，永久持有人是BTC錢包，從未進行過流出交易。

In essence, Permanent Holders are investors who have only ever bought and never sold the cryptocurrency. There are a few other restrictions on which addresses can fall into this category, a key one being that they shouldn’t be linked to miners or exchanges.

從本質上講，永久持有人是只有購買並且從未出售加密貨幣的投資者。地址可以屬於此類別的其他一些限制，關鍵是他們不應該將其鏈接到礦工或交易所。

The rationale behind this is that these two entities contribute to the market's selling pressure. As a result, their holdings can be considered the "sell supply" of the cryptocurrency, which is the opposite of what Accumulation Addresses represent.

其背後的理由是，這兩個實體有助於市場的銷售壓力。結果，他們的持股可以視為加密貨幣的“賣出供應”，這與累積地址所代表的相反。

Now, here is a chart shared by the analytics firm that shows the trend in the demand from these investors over the last couple of years:

現在，這是分析公司共享的圖表，該圖表顯示了過去幾年這些投資者需求的趨勢：

According to the above graph, the Bitcoin Accumulation Addresses were on a buying spree during the last couple of months of 2024. However, in January of this year, their demand sharply dropped to below the 30-day simple moving average (SMA).

根據上圖，比特幣的積累地址在2024年的最後幾個月中進行了購買。但是，在今年1月，它們的需求急劇下降到30天的簡單移動平均線（SMA）。

This accumulation from the cohort is what supported the bull run and its waning is probably the reason for the slowdown in the cryptocurrency’s price that followed.

該隊列的積累是支持牛跑的原因，其減弱可能是加密貨幣價格下降的原因。

In the last few days, however, the demand from the group has once again accelerated, which means that supply is constantly being locked in the hands of these HODLers.

但是，在過去的幾天中，該小組的需求再次加速，這意味著供應不斷地鎖在這些雜物手中。

The indicator has also broken back above the 30-day SMA sharply, much like it did during the breakout of 2024. “Historically, this signals strong confidence and often precedes rallies,” CryptoQuant notes.

該指標還急劇地折斷了30天的SMA，就像在2024年的突破中一樣。“從歷史上看，這表明了強烈的信心，並且經常在集會之前，” Cryptoquant指出。

It is important to note that the Permanent Holders are not all going to be "permanent," as at least some of this group will eventually sell to reap the rewards of their patience.

重要的是要注意，永久持有人並非全部都是“永久性的”，因為至少該小組中的一些最終將出售以獲得耐心的回報。

However, investors with no selling history are likely to maintain it at least for some time, which is why buying from Accumulation Addresses is considered bullish.

但是，沒有銷售歷史的投資者至少可能會在一段時間內維持它，這就是為什麼從積累地址購買被認為是看好的原因。

The cohort will be interesting to watch in the coming days to see where their demand trends. This, in turn, could end up being crucial for Bitcoin. A continuation of the upwards trajectory would be positive, while a slowdown could lead to flat action in the asset.

在接下來的幾天裡，觀看他們的需求趨勢將很有趣。反過來，這最終可能對比特幣至關重要。向上軌蹟的延續將是積極的，而放緩可能會導致資產的平坦行動。

BTC Price

BTC價格

Bitcoin has been unable to decide a direction in the last few days as its price is still trading around the $98,700 mark.

比特幣在過去幾天中無法確定方向，因為其價格仍在$ 98,700左右。