比特幣（BTC）實現的損失度量標準顯示了賣方疲憊的早期跡象

比特幣最近的回調震撼了市場，但鏈上的數據表明，有趣的是在表面下醞釀。

Bitcoin’s recent pullback has rattled the market but on-chain data from blockchain analytics firm Glassnode suggests that something interesting might be brewing beneath the surface- Bitcoin holders may be showing early signs of seller exhaustion. Their Realized Loss metric, which tracks how much capital is lost when coins are sold below their cost basis, is trending lower. After intense sell-offs in February and March, current loss figures are significantly smaller. This drop-off in loss realization hints that panic selling may be fading.

比特幣最近的回調震撼了市場，但是區塊鏈分析公司GlassNode的鍊鍊數據表明，在地表比特幣持有者下可能會釀造一些有趣的東西可能顯示出賣方疲憊的早期跡象。他們已實現的損失指標，該指標追踪硬幣低於其成本基礎時損失了多少資本，趨勢降低。在2月和3月的強烈拋售之後，目前的損失數字明顯較小。這種損失實現的下降暗示，恐慌銷售可能正在消失。

If true, BTC price could be approaching a temporary bottom as emotions begin to cool down across the board.

如果是真的，隨著情緒開始在整個電池板開始冷卻時，BTC價格可能會接近暫時的底部。

Glassnode’s 6-hour rolling chart of Bitcoin Realized Loss provides a clearer picture of the current market trend. Back in February and March, each dip in BTC price triggered massive waves of realized losses, showcasing widespread fear. However, with the most recent drop, those spikes are noticeably less extreme. Despite the decline in prices, investors appear less eager to sell at a loss. This could indicate that many sellers, especially those reacting to price dips, have already left the market.

GlassNode的6小時滾動比特幣滾動圖表明，損失損失了當前市場趨勢。早在2月和3月，BTC價格的每次下跌都引發了大量已實現損失的浪潮，表現出了廣泛的恐懼。但是，隨著最近的下降，這些尖峰明顯降低了極端。儘管價格下降，但投資者似乎不太渴望出售虧損。這可能表明，許多賣家，尤其是那些對價格下降反應的賣家已經離開了市場。

Historically, this kind of capitulation fatigue often signals that the worst may be over, or at least that a stabilization phase is setting in.

從歷史上看，這種投降疲勞通常表明最壞的情況可能已經結束，或者至少是穩定階段正在設置。

Altcoins Hit Hard As Liquidity Dries Up

當流動性乾燥時，高級幣撞擊了

While Bitcoin may be showing signs of stabilization, altcoins have taken a major hit. Glassnode’s data shows the altcoin market cap, excluding Bitcoin, Ethereum, and stablecoins, has dropped from $1 trillion in December 2024 to $583 billion today. That’s a staggering $417 billion wiped out.

雖然比特幣可能顯示出穩定的跡象，但Altcoins卻受到了重大打擊。 GlassNode的數據顯示，不包括比特幣，以太坊和Stablecoins的Altcoin市值已從2024年12月的1萬億美元下降到今天的5830億美元。這是一筆驚人的4170億美元的消滅。

These tokens, which sit further out on the risk curve, tend to be the first to bleed when liquidity dries up. Investors are clearly pulling capital from high-risk assets as macro uncertainty continues. This sharp contraction underscores the fragile state of the broader crypto market and highlights how sentiment still leans cautious across most sectors.

這些代幣在風險曲線上越來越遠，當流動性乾燥時，往往是第一次流血的代幣。隨著宏觀不確定性的持續，投資者顯然正在從高風險資產中汲取資本。這種尖銳的收縮強調了更廣泛的加密市場的脆弱狀態，並突出了人們在大多數部門中仍然謹慎的態度。

The BTC price showed strong upward momentum on the 5-minute chart, forming a clear uptrend channel with higher highs and lows. The price eventually broke above the channel but began to stall near the key resistance at $84,000, entering a phase of sideways consolidation. This indicates possible buyer exhaustion at current levels.

BTC價格在5分鐘的圖表上顯示出強大的向上動力，形成了一個清晰的上升渠道，高高和低點。價格最終在頻道上方打破，但開始在鑰匙阻力附近停滯為84,000美元，進入了側向整合階段。這表明在當前水平上可能會疲憊。

The RSI consistently hit overbought levels during the rally, suggesting strong buying pressure but also hinting at short-term pullbacks. Overbought readings aligned with local tops, while oversold dips acted as rebound points. Meanwhile, the MACD displayed mixed signals, golden crosses during the rise, and more frequent death crosses near resistance, reflecting weakening bullish momentum. A solid support remains around $81,500, and a break below this level could increase selling pressure.

RSI在拉力賽期間始終達到過多的水平，這表明強烈的購買壓力，但也暗示了短期撤退。超買的讀數與當地上衣保持一致，而超售傾角則充當籃板。同時，MACD顯示出混合信號，在上升期間的金十字架以及更頻繁的死亡十字架接近抵抗，反映了看漲的動力。堅實的支持仍約為81,500美元，低於此水平的休息可能會增加銷售壓力。

Overall, the BTC price faced resistance around $84,000, leading to consolidation. However, support at $81,500 is crucial for preventing further selling. The RSI indicated overbought conditions during the rally, while the MACD signaled mixed trends with weaker buying momentum. As the market stabilizes, it will be interesting to observe whether sellers emerge on a test of the support level.

總體而言，BTC的價格面臨約84,000美元的電阻，導致合併。但是，支持$ 81,500的支持對於防止進一步銷售至關重要。 RSI表示在拉力賽期間表明條件過高，而MACD則表示趨勢的混合趨勢，購買勢頭較弱。隨著市場的穩定，觀察賣方是否在測試支持水平的測試中出現將很有趣。

The post Bitcoin Shows Signs Of Seller Exhaustion As Realized Loss Drops- Is The Bottom In? appeared first on CC News Today.

比特幣後，比特幣顯示出賣方精疲力盡的跡象，因為已實現的損失下降 - 是底部嗎？今天首先出現在CC新聞中。