比特幣（BTC）長期持有人沒有出售；這是看好的嗎？

比特幣（BTC）的長期持有人，即至少在七年前購買了BTC的鏈上帳戶，尚未將其持股發送給交易所。

Bitcoin (BTC) finally managed to stay strong above the $100,000 price mark for a day. This immense rally has sparked curiosity among traders on whether early BTC inflows to exchanges are linked to long-term holders cashing out their profits.

比特幣（BTC）終於設法保持強勁高於一天的100,000美元價格。這種巨大的集會激發了交易者的好奇心，即早期BTC向交流是否與長期持有人兌現利潤有關。

However, recent on-chain data analysis by a CryptoQuant community author suggests that this may not be the case. According to pseudonymous crypto researcher Crypto SunMoon, a featured CryptoQuant community author, long-term Bitcoin holders are not yet cashing out their holdings.

但是，加密社區作者最近的鍊鍊數據分析表明，情況並非如此。特有的加密貨幣加密研究員Sunmoon說，有特色的社區作家Crypto Sunmoon表示，長期比特幣持有人尚未兌現其持股。

On-chain accounts that purchased BTC at least seven years ago are termed as long-term holders. Analysis of their behavior during the previous bull market reveals that they started selling their holdings right before the bullish phase ended.

至少在七年前購買了BTC的鏈上帳戶被稱為長期持有人。對上一個牛市的行為的分析表明，在看漲階段結束之前，他們開始出售其持股。

“Holders who have held bitcoin for seven years or more sold some of their holdings before the end of the previous bull market.”

“持有比特幣已有七年或更長時間的持有人在上一個公牛市場結束之前出售了一些持股。”

However, the latest data suggests that we are still far from that stage. The last major inflows to centralized exchanges driven by long-term holders were registered in late Q1, 2024. But, these inflows were not as significant as those that accompanied the previous BTC all-time high in November 2021.

但是，最新數據表明我們離該階段還很遠。由長期持有人驅動的集中交易所的最後一次主要流入在2024年末登記。但是，這些流入並不像2021年11月BTC歷史最高高點的流入率顯著。

“Long-term bitcoin holders are not sending their holdings to exchanges yet.”

“長期比特幣持有人還沒有將其持股量發送給交易所。”

Moreover, in some of the largest altcoins, a different story unfolds. Over 70% of both Ethereum (ETH) and Litecoin (LTC) owners have been holding their coins for at least 12 months.

此外，在一些最大的山寨幣中，另一個故事發生了不同。以太坊（ETH）和Litecoin（LTC）的所有者都有超過70％的持有硬幣至少12個月。

Meanwhile, various groups of long-term holders are displaying confidence in the crypto rally, as the selling pressure predominantly comes from "paper hands."

同時，各種長期持有人都對加密集會表現出信心，因為銷售壓力主要來自“紙手”。

USDT, USDC Metrics Favorable for Bitcoin Bulls

USDT，USDC指標有利於比特幣公牛

Bitcoin (BTC) inflows to exchanges may be weak, but major stablecoins, such as USDT and USDC, are telling a different tale.

比特幣（BTC）流向交流的流入可能很薄弱，但是USDT和USDC等主要的穩定者正在講述另一個故事。

Over the last three months, the USDT supply on centralized exchanges has surged by 40%, reaching an all-time high of over $43 billion. This massive accumulation of USDT on centralized exchanges suggests a continuous inflow of fiat currency, indicating strong demand for cryptocurrencies.

在過去的三個月中，集中式交易所的USDT供應量增長了40％，歷史最高超過430億美元。 USDT在集中式交易所上的大量積累表明菲亞特貨幣的不斷流入，表明對加密貨幣的需求強勁。

In the last three months, the total supply of stablecoins on centralized exchanges has also increased at an accelerated rate. According to CoinGecko data, the aggregated stablecoin supply has risen from $160 billion to $224 billion.

在過去的三個月中，集中式交易所上的穩定蛋白的總供應也以加速的速度增加。根據Coingecko Data的數據，總的Stablecoin供應已從1600億美元增加到2240億美元。

Despite USDT remaining the largest stablecoin, USDC has experienced the fastest growth in 2024. Together, the capitalization surges of both stablecoins are also being closely monitored as a sign of a prolonged bull market for Bitcoin (BTC) and major altcoins.

儘管USDT仍然是最大的Stablecoin，但USDC在2024年經歷了最快的增長。總之，兩種穩定的穩定的資本化也受到了密切監控，這是比特幣（BTC）和主要Altcoins延長牛市市場的標誌。