比特幣（BTC）長期持有者結束拋售熱潮，策略改變

比特幣 (BTC) 的長期持有者似乎結束了他們的拋售熱潮，這項策略的改變首次幫助將 10 萬美元的心理阻力位轉變為支撐位。

People who have owned bitcoin (BTC) for more than 155 days, on average, have been identified as long-term holders. They are considered "smart money" because they tend to buy when bitcoin prices are depressed and sell into strength, a pattern that's been observed over the past four months, according to CoinDesk research in December.

平均持有比特幣 (BTC) 超過 155 天的人被確定為長期持有者。他們被認為是“聰明的錢”，因為他們傾向於在比特幣價格低迷時買入，然後在價格上漲時賣出，根據 CoinDesk 12 月份的研究，過去四個月觀察到了這種模式。

In September, this cohort held 14.2 million BTC. It now holds 13.1 million BTC. While the investors held back around the start of the year, sales have picked up again in recent days as the price rose, though at a reduced pace.

9 月份，該群體持有 1,420 萬比特幣。目前持有 1,310 萬比特幣。儘管投資者在今年年初有所猶豫，但隨著價格上漲，最近幾天銷量再次回升，儘管速度有所放緩。

The trend to watch out for is when they stop selling. This tends to mark a top in the cycle, which has occurred in 2013, 2017, 2021 and 2024.

需要留意的趨勢是它們停止銷售的時間。這往往標誌著週期的頂部，該週期曾在 2013 年、2017 年、2021 年和 2024 年出現。