比特幣（BTC）價格暴跌：這是如果回撤延長，資產將重新測試的最近的鏈上支撐位

比特幣（BTC）價格在過去一天暴跌。這是如果回撤延長，資產最終將重新測試的最近的鏈上水平。

Bitcoin has seen a downturn over the past day, and here’s the closest on-chain level that the asset might end up retesting if the drawdown continues.

比特幣在過去一天經歷了低迷，如果下跌繼續下去，該資產可能最終會重新測試最接近的鏈上水平。

1 Week To 1 Month Bitcoin Holders Have Their Realized Price At $97,900

1 週至 1 個月的比特幣持有者的實際價格為 97,900 美元

As highlighted by CryptoQuant author Axel Adler Jr in a recent post on X, the Realized Price of the 1-week to 1-month-old BTC holders is the closest support for the asset at the moment.

正如 CryptoQuant 作者 Axel Adler Jr 在 X 最近的一篇文章中所強調的那樣，1 週至 1 個月的 BTC 持有者的實際價格是目前對該資產最接近的支撐。

Related Reading: Bitcoin Crashes: Here’s Where The Nearest On-Chain Support Is

相關閱讀：比特幣崩潰：這是最近的鏈上支援所在

The “Realized Price” in this context refers to an on-chain metric that, simply put, tracks the cost basis or acquisition price of the average holder in the Bitcoin network.

在這種情況下，「實際價格」指的是一種鏈上指標，簡單地說，它追蹤比特幣網路中平均持有者的成本基礎或收購價格。

When the metric’s value is lower than the spot price of the crypto, it implies that the investors on the whole can be assumed to be sitting on a net amount of profit. On the other hand, it being above the BTC price suggests the prevalence of loss in the market.

當該指標的值低於加密貨幣的現貨價格時，這意味著投資者總體上可以被認為擁有淨利潤。另一方面，它高於 BTC 價格表明市場普遍存在虧損。

In the context of the current topic, the Realized Price of only a specific group of the cohort is relevant: the 1-week to 1-month-old holders. This cohort includes the addresses that have been holding their coins for at least one week and, at most, one month.

在當前主題的背景下，只有特定群體的已實現價格是相關的：1 週到 1 個月大的持有者。該隊列包括持有代幣至少一周、最多一個月的地址。

Now, here is the chart shared by the analyst that shows how the Realized Price of this Bitcoin group has changed over the past year:

現在，以下是分析師分享的圖表，顯示了該比特幣組的實際價格在過去一年中的變化：

As you can see in the above graph, the Realized Price of the 1-week to 1-month-old Bitcoin holders has been climbing up together with the price rally. This is naturally because the cohort’s cost basis keeps getting repriced to higher levels as new investors buy at the rally highs.

從上圖可以看出，1週至1個月的比特幣持有者的實際價格隨著價格上漲而不斷攀升。這自然是因為隨著新投資者在反彈高點買入，該群體的成本基礎不斷重新定價至更高水準。

Currently, the indicator’s value is at $97,900, hence, these investors would be in profit at the current price. Earlier in the past day, however, the asset came very close to retesting the level as its price saw a brief dip below $99,000.

目前，該指標的價值為 97,900 美元，因此，這些投資者將以當前價格獲利。然而，在過去一天早些時候，該資產非常接近重新測試該水平，其價格短暫跌破 99,000 美元。

The 1 week to 1 month old investors form a part of a larger cohort that’s known as the short-term holders (STHs). The STHs are broadly defined as the holders that bought their coins within the past 155 days.

持有 1 週到 1 個月的投資者屬於一個更大的群體，稱為短期持有者 (STH)。 STH 被廣義地定義為在過去 155 天內購買其代幣的持有者。

Statistically, the longer an investor holds onto their coins, the less likely they become to sell. Hence, the STHs, and especially the 1-week to 1-month-old segment, would contain the holders with the least amount of conviction in the cohort, due to their low holding period.

根據統計，投資人持有代幣的時間越長，出售代幣的可能性就越小。因此，STH，尤其是 1 週至 1 個月的部分，由於其持有期限較短，將包含隊列中信念量最少的持有者。

Because of how skittish they are, the STHs usually show some kind of response whenever their average cost basis gets retested by the Bitcoin price. This response may come in the form of buying when the retest occurs from above, as these holders might believe the decline to be just a ‘dip.’

由於他們非常不穩定，每當比特幣價格重新測試其平均成本基礎時，STH 通常會表現出某種反應。當上方重新測試時，這種反應可能會以買入的形式出現，因為這些持有者可能認為下跌只是「下跌」。

As such, the Realized Price of the 1-week to 1-month-old STHs, which is below the current price, could be viewed as a support level for the crypto. The level has also already helped the asset out once this month.

因此，1 週至 1 個月的 STH 的實際價格低於當前價格，可以被視為加密貨幣的支撐位。該水準本月也已幫助該資產擺脫困境。

Related Reading: Ethereum On-Chain Demand Should Sustain ETH Above $4,000, IntoTheBlock Says

相關閱讀：IntoTheBlock 表示，以太坊鏈上需求應使 ETH 維持在 4,000 美元以上

So far, Bitcoin has been making a recovery from the plummet, but should the bearish momentum return, the retest of the line may be to watch for, considering the past pattern.

到目前為止，比特幣已經從暴跌中恢復過來，但如果看跌勢頭回歸，考慮到過去的模式，可能需要關注該線的重新測試。

BTC Price

比特幣價格

At the time of writing, Bitcoin is trading at around $102,200, down nearly 3% in the last 24 hours.

截至撰寫本文時，比特幣交易價格約為 102,200 美元，在過去 24 小時內下跌近 3%。