比特幣持有者拋售資產：牛市可能會持續

市場情報平台 IntoTheBlock 的數據表明，持有比特幣一年多的長期持有者 (LTH) 最近的拋售可能表明牛市尚未達到頂峰。從歷史上看，LTH 在熊市和復甦反彈期間積累，但在牛市開始增強動力時開始拋售。目前的拋售模式與先前牛市期間觀察到的相似，表明本輪週期可能還剩下更多時間。

Bitcoin Long-Term Holder Sell-Off: Bull Market May Not Be Over Yet

比特幣長期持有者拋售：牛市可能尚未結束

London, United Kingdom - A recent report from market intelligence platform IntoTheBlock sheds light on a potential indication that the current Bitcoin bull market may have a significant extension ahead of it.

英國倫敦 - 市場情報平台 IntoTheBlock 最近的一份報告揭示了一個潛在跡象，表明當前的比特幣牛市可能會大幅延長。

Long-Term Holders (LTHs): A Beacon of Stability

長期持有者 (LTH)：穩定的燈塔

In the cryptocurrency realm, Long-Term Holders (LTHs) represent investors who have held their Bitcoin for over a year. These individuals are recognized for their resilience, demonstrating minimal selling activity regardless of market volatility. Their unwavering stance often acts as a stabilizing force in the market.

在加密貨幣領域，長期持有者（LTH）代表持有比特幣一年以上的投資者。這些人因其韌性而受到認可，無論市場波動如何，他們的銷售活動都很少。他們堅定不移的立場往往成為市場的穩定力量。

A Shift in LTH Behavior

LTH 行為的轉變

However, IntoTheBlock's analysis has observed a recent deviation in LTH behavior. Typically, LTHs accumulate Bitcoin during bear markets and recovery rallies. However, data shows that LTH holdings have recently taken a downward trajectory.

然而，IntoTheBlock 的分析發現 LTH 行為最近出現了偏差。通常，LTH 在熊市和復甦反彈期間累積比特幣。然而，數據顯示，LTH 持有量近期呈下降趨勢。

Historical Parallels

歷史相似之處

Interestingly, a similar pattern emerged during the previous two Bitcoin bull runs. LTHs tended to initiate selling post-breakout and sustained it beyond the market peak.

有趣的是，在前兩次比特幣牛市中也出現了類似的模式。 LTH 往往會在突破後開始拋售，並將其維持到市場高峰之後。

Plenty of Time Remaining

剩餘時間充足

Based on this historical pattern, IntoTheBlock suggests that the current bull market may still have ample room to extend. The lack of significant LTH selling compared to previous cycles implies that the market may not be nearing exhaustion.

基於這個歷史模式，IntoTheBlock 認為目前的多頭市場可能仍有充足的延續空間。與之前的周期相比，LTH 缺乏大量拋售，這意味著市場可能尚未接近枯竭。

One-Year Delay Factor

一年延遲因素

It is crucial to note that Bitcoin's LTH metric incorporates a one-year delay for buying. Thus, an increase in LTH holdings reflects accumulation that occurred a year prior. However, selling does not have this delay, offering a real-time indication of current market activity.

值得注意的是，比特幣的 LTH 指標包含了一年的購買延遲。因此，LTH 持有量的增加反映了一年前發生的累積。然而，銷售沒有這種延遲，可以提供當前市場活動的即時指示。

Sales Commenced in January

一月開始銷售

IntoTheBlock's report indicates that seasoned LTHs began selling in January, with a surge in late March. This selling aligns with the historical pattern observed during previous bull runs.

IntoTheBlock 的報告顯示，經驗豐富的 LTH 從 1 月開始銷售，並在 3 月底出現激增。這種拋售與先前牛市期間觀察到的歷史模式相符。

Bitcoin's Current Value

比特幣的當前價值

At the time of this report, Bitcoin is trading around $64,400, marking a 1% increase over the past week. However, it has experienced a recent dip in price.

截至本報告發佈時，比特幣交易價格約為 64,400 美元，較過去一周上漲 1%。然而，它最近經歷了價格下跌。

Conclusion

結論

The market intelligence provided by IntoTheBlock suggests that the current Bitcoin bull market may not be nearing its conclusion. The recent selloff by Long-Term Holders aligns with historical patterns, implying that the market may still have considerable upside potential. Investors should monitor LTH behavior and other market dynamics to gauge the trajectory of the bull market.

IntoTheBlock 提供的市場情報表明，目前的比特幣牛市可能尚未接近尾聲。長期持有者最近的拋售與歷史模式相符，這意味著市場可能仍具有相當大的上行潛力。投資者應監控 LTH 行為和其他市場動態，以衡量牛市的軌跡。