比特幣不活躍供應趨勢顯示持有行為仍然強勁

鏈上數據顯示，儘管比特幣在此期間出現了大幅增長，但大部分比特幣供應量在兩年多的時間裡都沒有改變。

On-chain data shows a majority of the Bitcoin supply hasn’t moved in more than two years, despite the fact that BTC has seen a significant uplift during this period.

鏈上數據顯示，儘管比特幣在此期間出現了大幅增長，但大部分比特幣供應量在兩年多的時間裡都沒有改變。

Bitcoin price has seen a strong recovery during the past few months, and the asset is now trading very close to the $100,000 price level. Usually, such an الكبير price surge leads to a large portion of the cryptocurrency’s supply being sold off by investors to realize their profits.

過去幾個月，比特幣價格強勁復甦，目前資產的交易價格非常接近 10 萬美元。通常，這種價格飆升會導致投資者出售大部分加密貨幣供應以實現利潤。

However, new data shows that this time around, a vast majority of the BTC supply has remained inactive for more than two years now, suggesting that investors are still continuing to HODL onto their coins.

然而，新數據顯示，這一次，絕大多數比特幣供應在兩年多的時間裡一直處於不活躍狀態，這表明投資者仍在繼續持有他們的比特幣。

Bitcoin Active Supply Trend Shows HODLing Behavior Remaining Strong

比特幣活躍供應趨勢顯示持有行為依然強勁

In a new post on X, Glassnode co-founder Rafael has discussed about the trend in the various bands of the Bitcoin Active Supply. The “Active Supply” includes that part of the BTC circulating supply that has been involved in at least one transaction over a given timeframe.

在 X 上的一篇新文章中，Glassnode 聯合創始人 Rafael 討論了比特幣活躍供應各個頻段的趨勢。 「活躍供應」包括在給定時間範圍內至少參與一筆交易的 BTC 流通供應部分。

Related Reading: Bitcoin Officially In Overheated MVRV Zone, Rally End Near?

相關閱讀：比特幣正式進入過熱 MVRV 區域，反彈即將結束？

Below is the chart shared by the analyst that shows how the Bitcoin Active Supply has changed for a few different age bands over the last couple of years.

以下是分析師分享的圖表，顯示了過去幾年幾個不同年齡層的比特幣活躍供應量的變化。

From the graph, it’s visible that the age bands on the younger side like 1 month to 3 months and 3 months to 6 months have been observing growth recently, which suggests the relatively recent supply has been churning as a result of the price surge. The older bands, however, have been more or less showing a sideways movement on this indicator.

從圖中可以看出，1個月至3個月、3個月至6個月等較年輕的年齡層最近一直在觀察增長，這表明相對較新的供應量因價格飆升而出現波動。然而，較舊的樂隊或多或少在該指標上表現出橫盤運動。

The chart displays all the Active Supply bands up to the 1 year to 2 years group stacked on top of each other, to showcase what percentage of the total supply that they make up for.

這張圖表顯示了 1 年至 2 年組內的所有活躍供應帶，這些帶彼此堆疊在一起，以顯示它們佔總供應量的百分比。

It would appear that these Active Supply bands add up to 46%, meaning that less than half of the cryptocurrency’s supply in circulation has witnessed some movement within the past couple of years.

這些活躍供應範圍加起來似乎達到 46%，這意味著在過去幾年中，流通中的加密貨幣供應量中只有不到一半出現了一些變化。

The 2-year cut off currently sits in November 2022, when the last Bitcoin bear market reached a bottom. Given the trend in the Active Supply, it seems that the investors who bought during and prior to the bottom have largely decided to HODL.

目前的兩年截止日期為 2022 年 11 月，也就是上一次比特幣熊市觸底時。考慮到活躍供應的趨勢，在底部期間和之前買入的投資者似乎大部分決定持有。

Interestingly, this is despite the fact that the asset’s value has seen an uplift of more than 500% since then. “HODLing isn’t just a meme,” notes the Glassnode co-founder.

有趣的是，儘管自那時以來該資產的價值已經上漲了 500% 以上。 「HODLing 不僅僅是一個迷因，」Glassnode 聯合創始人指出。

Statistically, the longer investors hold onto their coins, the less likely they become to participate in selling, so considering that 54% of the supply hasn’t seen movement for over two years now, it’s possible a lot of these holders would only continue to sit tight in the near future.

根據統計，投資者持有代幣的時間越長，他們參與拋售的可能性就越小，因此考慮到54% 的供應量已經兩年多沒有出現變化，這些持有者中的許多人可能只會繼續持有代幣。

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相關閱讀：分析師解釋說，如果突破該阻力位，柴犬可能會飆升 53%

In some other news, the Deribit exchange has observed massive Bitcoin outflows during the past day, as an analyst has pointed out in a CryptoQuant Quicktake post.

在其他一些消息中，正如一位分析師在 CryptoQuant Quicktake 帖子中指出的那樣，Deribit 交易所在過去一天觀察到大量比特幣外流。

In total, users of the platform have transferred out a net 31,000 BTC to their self-custodial wallets with these transactions. The investors may have made these moves for accumulation purposes, which can naturally be a bullish sign for the asset’s price.

透過這些交易，該平台的用戶總共將 31,000 BTC 淨轉入他們的自我託管錢包。投資者可能出於累積目的而採取這些舉措，這自然可能是資產價格的看漲訊號。

BTC Price

比特幣價格

Bitcoin has now gotten very close to the $100,000 dream target as its price is currently trading around the $98,900 mark.

比特幣現在已經非常接近 10 萬美元的夢想目標，目前其價格在 98,900 美元大關附近交易。