ck 又朝 100 萬美元邁進了一步。

比特幣正在做它最擅長的事情——證明每個人都是錯的，一次一次的反彈。售價超過 9 萬美元，它讓懷疑論者大吃一驚，也讓機構不再相信它。

transaction is adding fuel to its price discovery.

交易為其價格發現增添了動力。

Coin Days Destroyed: A Measure of Bitcoin’s Liquidity

銷毀代幣天數：衡量比特幣流動性的指標

Another metric that’s turning heads is coin days destroyed. It measures the total age of coins being moved relative to the total supply, and right now, it’s hitting new all-time highs. This indicates that older coins—those less likely to be sold—are finally on the move.

另一個引人注目的指標是硬幣銷毀天數。它衡量的是相對於總供應量而言的代幣轉移的總年齡，目前，它正創下歷史新高。這表明較舊的硬幣（那些不太可能出售的硬幣）終於開始流動。

What’s the significance? Well, when coins age and remain unspent for a long duration, they’re usually held by strong hands or lost coins. Their movement suggests that either large hodlers or speculators who bought Bitcoin at a lower price point in the previous bull market are cashing out or adjusting their positions in response to the recent price appreciation.

有什麼意義呢？好吧，當硬幣老化並長時間未使用時，它們通常由強手或丟失的硬幣持有。他們的走勢表明，在上一輪牛市中以較低價格購買比特幣的大型持有者或投機者正在兌現或調整頭寸，以應對最近的價格上漲。

Either way, it’s a sign of healthy liquidity, and liquidity fuels price discovery.output: A $1 million Bitcoin is no longer a pipe dream. With its fixed supply, growing institutional adoption, and a unique role in the world of digital assets, Bitcoin is primed to continue making the impossible, possible. As the world shifts and technology advances, keep your eyes on the prize—Bitcoin is rewriting the rules of money itself. And in this new game, anything—even a $1 million Bitcoin—is on the table.

無論哪種方式，這都是健康流動性的標誌，流動性推動了價格發現。憑藉其固定的供應、不斷增長的機構採用以及在數位資產世界中的獨特作用，比特幣已準備好繼續將不可能變為可能。隨著世界的變化和技術的進步，請密切注意獎勵——比特幣正在改寫貨幣本身的規則。在這個新遊戲中，任何東西——甚至是 100 萬美元的比特幣——都可以被擺上桌面。