儘管最近市場下降，但比特幣（BTC）鯨魚仍在積累

截至4月18日，比特幣繼續向側面交易，截至4月18日，鏈分析公司GlassNode的最新數據顯示，資產記錄了短期持有人的顯著未實現的損失。

Crypto News Summary: As Bitcoin struggles to break through the $85,000 resistance level and trades sideways, the latest data from on-chain analytics firm Glassnode shows that the asset is recording significant unrealized losses for short-term holders.

加密新聞摘要：隨著比特幣努力打破85,000美元的阻力水平並側面交易，鏈分析公司玻璃節的最新數據表明，該資產正在記錄短期持有人的顯著未實現的損失。

These short-term holders, defined as those who hold Bitcoin for less than 155 days, are now facing substantial unrealized losses, with the total loss reaching $10 billion. This is a direct result of the recent market dips, which have pushed the asset's price down from its all-time high of nearly $80,000 to the mid-$70,000 range.

這些短期持有人被定義為那些持有比特幣少於155天的人，現在正面臨著實質性未實現的損失，總損失達到100億美元。這是最近市場下降的直接結果，該市場已將資產的價格從其歷史最高近80,000美元降至中期70,000美元的範圍。

However, the data also indicates that long-term holders, who have held Bitcoin for over 155 days, are still broadly in profit, with a total unrealized profit of $45 billion. This indicates that these seasoned holders have not yet absorbed any significant losses.

但是，數據還表明，已經持有比特幣超過155天的長期持有人仍在賺錢，總未實現的利潤為450億美元。這表明這些經驗豐富的持有人尚未吸收任何重大損失。

Unrealized loss is calculated by summing the loss across all Bitcoin in circulation. It is determined by taking the average acquisition cost and subtracting the current market value.

未實現的損失是通過求和所有比特幣循環中的損失來計算的。它是通過取得平均收購成本並減去當前市場價值來確定的。

The rise in unrealized loss per percent drawdown has captured the attention of both retail and institutional investors as the crypto market moves with caution amid debates about the sustainability of the recent bull run.

由於加密貨幣市場在有關最近公牛運行的可持續性的辯論中，加密貨幣市場轉移時，未實現的每百分比損失的增加引起了零售和機構投資者的注意。

As reported by Benzinga earlier, persistent price corrections across the broader crypto market have yet to signal sustainable bullish momentum, while Bitcoin appears to be following a historical bearish pattern observed in previous cycles.

正如Benzinga早些時候所報導的那樣，整個更廣泛的加密市場的持續價格更正尚未表明可持續的看漲勢頭，而比特幣似乎遵循了以前的周期中觀察到的歷史看跌模式。

This pattern, which usually triggers a full-fledged bear market, occurs when the unrealized loss per percent drawdown of short-term holder begins to outpace that of long-term holders.

這種模式通常會觸發成熟的熊市，而當短期持有人的每百分比降低的虧損開始超過長期持有人的空間時，就會發生這種模式。

According to Glassnode, the unrealized losses faced by short-term holders are a direct response to the recent market dips.

根據GlassNode的說法，短期持有人面臨的未實現的損失是對最近市場下降的直接反應。

Although these corrections are not as sharp as those in earlier cycles that triggered full-blown bear markets, the resemblance in pattern has sparked speculation that a bearish phase may already be underway.

儘管這些校正不如觸發全面熊市的早期週期中的校正，但模式的相似之處激發了人們的猜測，即看跌階段可能已經在進行。

This is evident in the exponential increase in unrealized loss per percent drawdown for short-term holders, which stands at 1.5%. In contrast, long-term holders are currently facing a lower rate of unrealized loss per percent drawdown, at 1%.

這在短期持有人的每百分比下降損失的指數增加中很明顯，而短期持有人為1.5％。相比之下，長期持有人目前面臨著較低的每百分比虧損率，為1％。

For long-term holders, the data painted a mixed picture. While they remain largely in profit, they are now vulnerable to absorbing losses if downward momentum persists.

對於長期持有人，數據繪製了混合圖片。儘管它們主要保持盈利，但如果下降勢頭持續下去，它們現在容易受到吸收損失。

Notably, the increasing number of top Bitcoin buyers maturing into long-term holders could help the market withstand deeper drawdowns.

值得注意的是，越來越多的頂級比特幣購買者將成熟的長期持有人融入長期持有人可以幫助市場更深入的下降。

However, despite these bleak indicators, major investment firms and Bitcoin whales have not slowed down in their accumulation efforts, which could buffer the market from steeper declines.

但是，儘管有這些慘淡的指標，但主要的投資公司和比特幣鯨的積累工作並沒有減慢，這可能會使市場從陡峭的下降緩解。

It is important to note that this key metric has historically aligned with bear market confirmations, but it alone does not officially define one.

重要的是要注意，該關鍵指標歷史上已經與熊市的確認保持一致，但僅憑它並不能正式定義一個。

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