比特幣Rhodl比率最近失去了動力

一位鏈分析師指出，已實現的HODL（Rhodl）比率指標正在下降，這是比特幣可能不陽性的標誌。

An on-chain analyst has observed a concerning trend in the Realized HODL (RHODL) Ratio indicator for Bitcoin, suggesting a potential shift away from bullish price action.

一位鏈分析師觀察到了比特幣實現的HODL（Rhodl）比率指標的趨勢，這表明潛在的轉變與看漲的價格行動有關。

In a recent post on X, the analyst, known as Checkmate, delved into the latest developments in the RHODL Ratio of Bitcoin.

在X上的最新文章中，該分析師（被稱為Checkmate）深入研究了比特幣的Rhodl比率的最新發展。

The "Realized HODL (RHODL) Ratio" is an on-chain metric that calculates the ratio between any two given RHODL wave bands.

“實現的HODL（Rhodl）比率”是一種鏈度量，可以計算任何兩個給定的Rhodl波帶之間的比率。

HODL wave bands keep track of the percentage of the total BTC supply that was last moved inside a given age range. The RHODL wave bands are a modified form of these, adding an additional weighting factor: the Realized Value.

HODL波帶跟踪上次移動在給定年齡範圍內的BTC總供應的百分比。 Rhodl波帶是其中的一種修改形式，增加了一個額外的加權因子：已實現的值。

To simplify, the Realized Value is the spot price at which a given token of the cryptocurrency was last transacted on the blockchain. In other words, it's the coin’s current cost basis.

為了簡化，實現的值是最後在區塊鏈上進行的加密貨幣令牌的現貨價格。換句話說，這是硬幣的當前成本基礎。

As the RHODL wave band multiplies this metric with the amount of supply present within a given band, it tells us about the sum of cost bases of coins in that band. When the value of the indicator goes up for any particular band, it means the amount of capital invested into coins falling in the age range is rising.

當Rhodl波帶與給定頻段中的供應量相乘，它告訴我們該頻段中硬幣的成本基礎的總和。當指標的價值增加了​​任何特定樂隊時，這意味著投資於年齡範圍內的硬幣的資本數量正在上升。

In the context of the current topic, the RHODL Ratio of the 1 week and 1 to 2 years bands is of relevance. Below is the chart shared by the analyst, that shows the trend in this RHODL Ratio over the history of Bitcoin.

在當前主題的背景下，1週的Rhodl比率和1至2年的頻段是相關的。以下是分析師共享的圖表，該圖表顯示了該Rhodl比比特幣歷史的趨勢。

As displayed in the above graph, the Bitcoin RHODL Ratio for these wave bands shot up to a high level during the rally beyond $100,000 that took place last year. Such a trend implies the 1 week wave band, which corresponds to the fresh capital coming into the sector, grew large relative to the veteran 1 year to 2 years band.

如上圖所示，在拉力賽期間，這些波浪帶的比特幣Rhodl比率超過了去年的100,000美元。這樣的趨勢意味著1週的波浪帶與進入該行業的新資本相對應，相對於老將1年至2年樂隊而變得越來越大。

From the chart, it’s apparent that an extreme rotation of capital into the 1 week wave band has historically coincided with bull run tops for the cryptocurrency’s price.

從圖表來看，很明顯，資本向1週的波浪帶的極端旋轉與加密貨幣的價格相吻合。

Since last year’s peak, the metric has been on the way down, which suggests the new demand for the asset is now slowing down. This is also visible in the momentum oscillator for the indicator attached by the analyst on the bottom, which just dipped into a zone that has played the role of the transition region between bullish and bearish trends in the past.

自去年的山峰以來，該指標一直在下降，這表明對資產的新需求現在正在放緩。這也可以在分析師底部附帶的指標的動量振盪器中可見，該指標剛剛浸入了過去在看漲和看跌趨勢之間發揮過渡區域的作用的區域。

Considering the historical pattern, this development in the RHODL Ratio is certainly not the best for Bitcoin. It now remains to be seen whether the metric would continue its decline in the coming days, potentially signaling a transition away from a bull market, or if it will bounce back up.

考慮到歷史模式，這種發展的比率當然不是比特幣的最佳選擇。現在，該指標是否會在未來幾天繼續下降，有可能表明從牛市過渡，還是會反彈。

BTC Price

BTC價格

Bitcoin made a retest of the $98,000 mark earlier today, but it appears the coin ended up finding rejection as its price is now down to $97,000.

比特幣對今天早些時候進行了98,000美元的重新測試，但由於其價格現在下降到97,000美元，因此硬幣最終發現了拒絕。