比特幣 (BTC) SOPR 指標和價格圖表提供了一個複雜但富有洞察力的市場圖景

隨著比特幣 [BTC] 徘徊在 94,000 美元附近，支出產出利潤率 (SOPR) 以及長期持有者 (LTH) 和短期持有者 (STH) SOPR 比率圖表為市場動態提供了寶貴的見解。

Bitcoin [BTC] hovered near the $94,000 mark on 2 December, presenting an interesting juncture in its price analysis. While key metrics like the Spent Output Profit Ratio (SOPR) and the Long-Term Holder (LTH) and Short-Term Holder (STH) SOPR ratios offered valuable insights, the price chart hinted at a critical phase for the apex crypto.

12 月 2 日，比特幣 [BTC] 徘徊在 94,000 美元附近，這是其價格分析中一個有趣的時刻。雖然支出產出利潤率 (SOPR) 以及長期持有者 (LTH) 和短期持有者 (STH) SOPR 比率等關鍵指標提供了有價值的見解，但價格圖表暗示了頂級加密貨幣的關鍵階段。

Bitcoin SOPR metrics paint a picture of investor conviction

比特幣 SOPR 指標描繪了投資者信念的圖景

An examination of the SOPR metric revealed that Bitcoin remained above the neutral threshold of 1.0, indicating that the majority of Bitcoin transactions occurred at a profit. This served as a positive indicator, reflecting confidence among market participants, especially during periods of price volatility.

對 SOPR 指標的檢查顯示，比特幣仍高於 1.0 的中性閾值，這表明大多數比特幣交易都是盈利的。這是一個積極的指標，反映了市場參與者的信心，特別是在價格波動期間。

Historically, a stable or rising SOPR during corrections often preceded a recovery, suggesting that sellers were taking profits rather than exiting positions in panic.

從歷史上看，調整期間 SOPR 穩定或上升通常先於復甦，這表明賣家正在獲利了結，而不是驚慌地平倉。

The LTH SOPR/STH SOPR ratio highlighted the diverging sentiment between long-term and short-term holders. Notably, long-term holders remained堅定, with minimal selling activity at the current price levels. In contrast, short-term holders showed reduced activity, which could be interpreted as either profit-taking or cautious positioning.

LTH SOPR/STH SOPR 比率凸顯了長期持有者和短期持有者之間的情緒分歧。值得注意的是，長期持有者依然堅定，在當前價格水準上的拋售活動很少。相比之下，短期持有者的活動減少，這可以解釋為獲利了結或謹慎持股。

These metrics, when viewed collectively, pointed towards strong support from experienced holders who were still confident despite Bitcoin’s recent pullback.

綜合來看，這些指標顯示經驗豐富的持有者提供了強有力的支持，儘管比特幣最近出現回調，但他們仍然充滿信心。

Bitcoin’s key levels under threat

比特幣的關鍵水準受到威脅

Aнализ of the price chart indicated that Bitcoin struggled to maintain its bullish momentum after peaking near $99,000. It traded just above its 50-day Moving Average (MA) at $93,977, which acted as a critical support level.

價格圖表顯示，比特幣在觸及 99,000 美元附近的峰值後，難以維持看漲勢頭。它的交易價格略高於 50 日移動平均線 (MA) 的 93,977 美元，這是一個關鍵的支撐位。

A sustained breach below this level could trigger a deeper correction, potentially testing lower support zones around $92,000.

持續跌破該水準可能會引發更深層的調整，可能會測試 92,000 美元左右的較低支撐區域。

The MACD indicator on the chart pointed towards bearish momentum, as the MACD line had crossed below the signal line. The declining histogram bars further indicated increasing selling pressure, which aligned with the slight pullback observed in recent sessions.

圖表上的 MACD 指標指向看跌勢頭，因為 MACD 線已穿過訊號線下方。下降的直方圖進一步表明拋售壓力不斷增加，這與最近幾個交易日觀察到的小幅回調一致。

Additionally, trading volumes were decreasing, suggesting that the current phase was marked by reduced market participation.

此外，交易量正在減少，顯示當前階段的特徵是市場參與度減少。

LTH and STH behavior: A foundation for recovery?

LTH 和 STH 行為：復原的基礎？

When combined with price chart trends, the SOPR metrics painted a picture of resilience among long-term holders.

當與價格圖表趨勢結合時，SOPR 指標描繪了長期持有者的彈性圖景。

The steady accumulation by these participants indicated confidence in Bitcoin’s long-term value. At the same time, the reduced activity of short-term holders signaled caution but did not necessarily indicate panic selling.

這些參與者的穩定累積表明了他們對比特幣長期價值的信心。同時，短期持有者活動的減少表明了謹慎態度，但不一定意味著恐慌性拋售。

If Bitcoin managed to defend its key support levels and the SOPR metrics remained above 1.0, this could set the stage for a resumption of the broader uptrend.

如果比特幣能夠守住其關鍵支撐位並且 SOPR 指標保持在 1.0 以上，這可能為恢復更廣泛的上升趨勢奠定基礎。

However, any failure to maintain these levels could lead to extended consolidation as bearish momentum continued to challenge the market’s upward trajectory.

然而，由於看跌勢頭繼續挑戰市場的上行軌跡，任何未能維持這些水準的行為都可能導致盤整擴大。

– Read Bitcoin ( BTC) Price Prediction 2024-25

– 閱讀 2024-25 年比特幣 (BTC) 價格預測

Bitcoin’s SOPR metrics and price chart offered a nuanced but informative perspective on the market. While long-term holders’ confidence and steady profitability provided a strong foundation, short-term bearish signals could not be overlooked.

比特幣的 SOPR 指標和價格圖表為市場提供了細緻但資訊豐富的視角。雖然長期持有者的信心和穩定的獲利能力提供了堅實的基礎，但短期看跌訊號也不容忽視。

Investors should keep a close watch on the $93,977 support zone and SOPR trends for indicators of the next major price movement.

投資者應密切關注 93,977 美元的支撐區域和 SOPR 趨勢，以獲取下一個主要價格走勢的指標。