隨著 LTH 將持股分配給 STH，比特幣 (BTC) 市場週期可能會發生變化

比特幣的歷史數據顯示了類似於 2017 年事件的重複模式，標誌著比特幣市場週期的關鍵階段。

The recent historical data for Bitcoin price action seems to be indicating a repeating pattern, not unlike the events of 2017, which marked a pivotal phase in Bitcoin’s market cycle.

比特幣價格走勢的最新歷史數據似乎顯示了一種重複模式，與 2017 年的事件不同，2017 年標誌著比特幣市場週期的關鍵階段。

After Phase 1, where Long-Term Holders (LTHs) were accumulating, they began distributing their holdings, transitioning into what could be the next critical phase.

在第一階段之後，長期持有者（LTH）開始積累，他們開始分配所持股份，並過渡到下一個關鍵階段。

This shift was evidenced by the increase in Short-Term Holder (STH) supply. This indicates a significant influx of new capital into the market.

短期持有者（STH）供應的增加證明了這種轉變。這顯示新資本大量湧入市場。

CryptoQuant analyst predicted possible breakout as in the previous cycles, suggesting possible preparations for another significant upward trend.

CryptoQuant 分析師預測可能會像先前的週期一樣出現突破，這表明可能為另一個顯著的上升趨勢做好準備。

The surge in the Binary CDD and the pattern of breakouts around these surges supported the hypothesis that we are moving towards a period of heightened activity and price increases.

二元 CDD 的激增以及圍繞這些激增的突破模式支持了這樣的假設：我們正在走向一個活動加劇和價格上漲的時期。

Additionally, a chart of STH and LTH supply percentages revealed that similar supply dynamics have previously catalyzed major bull runs. The increase in STH supply and the corresponding decline in LTH supply often preluded aggressive market phases.

此外，STH 和 LTH 供應百分比圖表顯示，類似的供應動態先前曾催化主要牛市。 STH 供應量的增加和 LTH 供應量的相應下降往往預示著激進的市場階段。

If this cycle follows the precedent set in 2017, Bitcoin could experience a substantial upsurge, propelled by fresh investments and growing market liquidity, entering what is anticipated as Phase 2 of its economic cycle.

如果這個週期遵循 2017 年設定的先例，在新投資和市場流動性成長的推動下，比特幣可能會經歷大幅上漲，進入預期的經濟週期第二階段。

Accumulation Gaining Momentum

吸籌勢頭增強

Further analysis shows that the recent surge in inflows to Bitcoin accumulation addresses signified a substantial shift of over 57,800 BTC valued around $4.16 Billion. This marked a crucial precondition for advancing into the next market phase, termed “Phase 2.”

進一步分析顯示，近期比特幣累積地址流入量激增，意味著超過 57,800 個 BTC 的大幅轉移，價值約 41.6 億美元。這標誌著進入下一個市場階段（稱為「第二階段」）的關鍵先決條件。

These inflows, highlighted by the sharp rise in the inflow graph, underscore a robust accumulation activity. Notably, this is contrary to movement observed during earlier days.

這些流入（以流入圖的急劇上升為突出）凸顯了強勁的積累活動。值得注意的是，這與早些時候觀察到的運動相反。

This pattern, often preceding a bullish trend, indicated that substantial capital has begun to stabilize within secure wallets. This suggests strong investor confidence and a strategic positioning for potential price appreciation.

這種模式通常先於看漲趨勢，顯示大量資本已開始在安全錢包內穩定下來。這表明投資者信心強勁，並為潛在的價格升值做好了策略定位。

The graph clearly delineated this with an ascending trajectory in the price line along with the inflow spikes. This affirms that significant liquidity has been redirected towards accumulation addresses.

該圖清楚地描繪了價格線的上升軌跡以及流入峰值。這證實大量流動性已被重定向至累積位址。

As these addresses typically represented informed investors betting on future price increases, this movement could catalyze a new rally.

由於這些地址通常代表了押注未來價格上漲的知情投資者，因此這一走勢可能會催化新的反彈。

Given the alignment with past precursors to bullish phases, it is likely that this concentrated buying activity will underpin further upward price movements in Bitcoin.

鑑於與過去看漲階段前兆的一致，這種集中的購買活動很可能將支撐比特幣價格進一步上漲。

This means potential replication of scenarios similar to previous cycles where large accumulations led to significant market upswings.

這意味著可能會出現類似於先前週期的情況，即大量累積導致市場大幅上漲。

The Realized Cap Signals an Uptrend For Bitcoin

已實現的上限標誌著比特幣的上升趨勢

Over the past month, the Bitcoin Realized Cap increased by 3.8%, reaching an all-time high of $656 Billion. This indicates substantial capital inflows totaling $2.5 Billion.

過去一個月，比特幣實現上限成長了 3.8%，達到 6,560 億美元的歷史新高。這表明總計 25 億美元的大量資本流入。

This significant rise reflects a robust accumulation trend, similar to the level of activity last seen in January 2023. The increased Realized Cap suggested that Bitcoin’s market valuation, based on the price at which each coin last moved, has markedly expanded.

這一顯著上漲反映了強勁的積累趨勢，類似於2023 年1 月上次出現的活動水平。顯著擴大。

Such a rise often implied that holders who bought at lower prices are not yet selling, instead betting on future price increases.

這種上漲通常意味著以較低價格買入的持有者尚未賣出，而是押注未來價格上漲。

This phenomenon signaled a solidification in the foundation for entering a new bullish phase —Phase 2—characterized by increased confidence and potential for higher prices.

這一現象標誌著進入新的看漲階段（第二階段）的基礎已經鞏固，其特徵是信心增強和價格上漲的潛力。

The fresh influx of capital could catalyze further price appreciation if this trend persists. Investors have shown the willingness to purchase and hold, indicating optimism about Bitcoin’s future trajectory.

如果這種趨勢持續下去，新的資本流入可能會促進價格進一步上漲。投資者表現出了購買和持有的意願，表明對比特幣未來軌蹟的樂觀態度。

This behavior could support sustained upward momentum in the market, reinforcing bullish sentiments and potentially leading to further gains before correction starts.

這種行為可能會支持市場持續上漲的勢頭，增強看漲情緒，並有可能在調整開始之前導致進一步上漲。