比特幣 (BTC) 價格分析：SOAB 指標顯示短期持有者拋售最多，長期持有者預計價格更高

比特幣持續徘徊在 10 萬美元大關下方，持續的價格走勢引發了激烈的分析。儘管達到了歷史最高水平

output: As Bitcoin continues its price movement, remaining below the $100,000 mark with ongoing selling pressures, on-chain data is being analyzed to uncover the factors at play.

產出：隨著比特幣價格繼續波動，並在持續的拋售壓力下保持在 100,000 美元大關以下，正在分析鏈上數據以揭示起作用的因素。

One key indicator being examined is the Spent Output Age Bands (SOAB), which provides insights into the activity of Bitcoin holders based on their holding periods.

正在檢查的一項關鍵指標是支出產出年齡範圍（SOAB），它根據比特幣持有者的持有期限提供對比特幣持有者活動的深入了解。

According to a CryptoQuant analysis by Yonsei Dent, the data reveals that Bitcoin investors who acquired their holdings within the past six to twelve months were notably active in selling during the recent price surge.

根據 Yonsei Dent 的 CryptoQuant 分析，數據顯示，在過去六到十二個月內購買比特幣的投資者在最近的價格飆升期間拋售尤其活躍。

This group of investors largely entered the market with the excitement surrounding the launch of spot Bitcoin exchange-traded funds (ETFs) earlier in the year. Their selling activity contributed to the downward pressure on Bitcoin’s price, which has since stabilized within the $90,000–$100,000 range.

這群投資者大多是因今年稍早推出現貨比特幣交易所交易基金（ETF）而興奮不已而進入市場的。他們的拋售活動加劇了比特幣價格的下行壓力，此後比特幣價格穩定在 90,000 美元至 100,000 美元的範圍內。

Interestingly, long-term holders, defined as those holding Bitcoin for over a year, showed minimal selling activity during this period.

有趣的是，長期持有者（定義為持有比特幣一年以上的人）在此期間的拋售活動很少。

According to historical trends, these seasoned investors are likely anticipating higher price levels before considering substantial profit-taking.

根據歷史趨勢，這些經驗豐富的投資者在考慮大幅獲利了結之前可能會預期價格水準會更高。

Furthermore, the Binary Coin Days Destroyed (CDD) metric also indicates a decline in the selling of older Bitcoin in December compared to November.

此外，二元幣銷毀天數（CDD）指標還表明，與 11 月相比，12 月舊比特幣的銷售量有所下降。

This activity suggests that many long-term holders may be anticipating even higher prices before selling.

這項活動表明，許多長期持有者在出售之前可能會預期價格會更高。

Another crucial metric that might hint at a significant move for Bitcoin is the Binance exchange’s BTC reserves, which have been continuously decreasing since August.

另一個可能暗示比特幣出現重大走勢的關鍵指標是幣安交易所的 BTC 儲備，該儲備自 8 月以來一直在持續下降。

CryptoQuant analyst Darkfost highlights that Binance’s reserves recently reached their lowest level since January. This trend is significant because a similar decline earlier in the year preceded a 90% surge in BTC’s price.

CryptoQuant 分析師 Darkfost 強調，幣安的儲備最近達到 1 月以來的最低水準。這一趨勢意義重大，因為今年稍早 BTC 價格飆升 90% 之前也出現過類似的下跌。

The reduction in exchange reserves usually indicates that investors are moving their Bitcoin holdings from centralized exchanges to private wallets, suggesting less selling pressure and a preference for long-term holding strategies.

外匯儲備的減少通常表明投資者正在將其持有的比特幣從集中交易所轉移到私人錢包，這表明拋售壓力較小並且傾向於長期持有策略。

Historically, declining reserves on exchanges have aligned with periods of strong market optimism and price rallies.

從歷史上看，交易所儲備金的下降與市場強烈樂觀和價格上漲的時期一致。

With BTC currently trading at a price of $95,567, down by 2.7% in the past day, the confluence of these factors — long-term holder confidence, reduced activity from older wallets, and declining exchange reserves — presents a cautiously optimistic picture for Bitcoin’s near-term trajectory.

目前 BTC 的交易價格為 95,567 美元，過去一天下跌了 2.7%，長期持有者信心、舊錢包活動減少以及外匯儲備下降等因素的綜合作用，為比特幣近期的走勢呈現出謹慎樂觀的前景。軌跡。

However, it is noted that sustained buying activity is crucial to breaking through psychological resistance levels and maintaining upward momentum in the coming days.

不過，值得注意的是，持續的買盤活動對於突破心理阻力位並在未來幾天保持上漲勢頭至關重要。