Glassnode Analytics 聚焦比特幣持有者群體的購買模式

Glassnode 數據顯示，OG 比特幣持有者（「Fish」）的實現價格最低為 15,630 美元，明顯低於 Whales 的 35,290 美元。從歷史上看，當比特幣的價格達到Fish 的實際價格時，通常就標誌著市場觸底，如2011 年、2014 年和2018 年所觀察到的。顯示了他們精明的投資策略。

Glassnode Data Reveals Insightful Patterns in Bitcoin Holder Behavior

Glassnode 數據揭示了比特幣持有者行為的深刻模式

Recent data from Glassnode, a leading blockchain analytics firm, has shed light on the buying and holding strategies of different Bitcoin investor cohorts. The analysis focuses on the concept of "realized price," which represents the average cost at which Bitcoin holders acquired their coins.

領先的區塊鏈分析公司 Glassnode 的最新數據揭示了不同比特幣投資者群體的購買和持有策略。該分析重點關注「已實現價格」的概念，它代表比特幣持有者獲取其硬幣的平均成本。

Fish: The "Smart Money" in Bitcoin

魚：比特幣中的“聰明錢”

According to Glassnode, Fish, categorized as holders possessing 1 to 10 BTC, currently boast the lowest realized price of $15,630, indicating they have acquired Bitcoin at a significantly lower cost compared to other holder groups. Historically, the realized price of Fish has served as a key indicator of market bottoms, as seen during previous bear markets in 2011, 2014, and 2018.

根據Glassnode 的數據，Fish 被歸類為擁有1 至10 BTC 的持有者，目前其實現的最低價格為15,630 美元，這表明與其他持有者群體相比，他們以低得多的成本獲得了比特幣。從歷史上看，魚的實際價格一直是市場觸底的關鍵指標，正如 2011 年、2014 年和 2018 年熊市期間所見。

Whales: The Average Cost of Acquisition

鯨魚：平均收購成本

In contrast, Whales, holders with 100 to 1,000 BTC, have a realized price of $35,290, indicating they have acquired Bitcoin at a higher average cost than Fish. This suggests that Fish have been more strategic in their buying, potentially accumulating Bitcoin at more opportune times.

相比之下，持有 100 到 1,000 BTC 的鯨魚的實際價格為 35,290 美元，這表明他們以比魚更高的平均成本購買比特幣。這表明 Fish 在購買時更具策略性，可能會在更合適的時機累積比特幣。

Fish: Not Just Lost Coins

魚：不只是丟失的硬幣

Analyzing the number of Fish addresses reveals an intriguing trend. Fish numbers tend to increase during bear markets, indicating that they are not simply lost Bitcoin holders. Additionally, they accumulated significant Bitcoin during the bullish run from November 2022 to October 2023. This suggests that Fish are active participants in the market, taking advantage of market fluctuations.

分析 Fish 地址的數量揭示了一個有趣的趨勢。在熊市期間，魚的數量往往會增加，這表明它們不僅僅是失去了比特幣持有者。此外，他們在 2022 年 11 月至 2023 年 10 月的牛市期間積累了大量比特幣。

Evolution in the Bitcoin Ecosystem

比特幣生態系統的演變

However, Fish addresses have declined since October 2023, while the realized price for Fish has increased from $13,282 to $15,530. This suggests that some Fish may be taking profits or evolving into Sharks (holders with 100 to 1,000 BTC).

然而，自 2023 年 10 月以來，Fish 地址有所下降，而 Fish 的實現價格從 13,282 美元上漲至 15,530 美元。這表明一些魚可能正在獲利或演變成鯊魚（擁有 100 到 1,000 BTC 的持有者）。

Shifts in Investor Sentiment

投資者情緒的轉變

The data also provides insight into the shifting sentiment among Bitcoin investors. The divergence between the realized price of Fish and the trading price of Bitcoin suggests that some Fish are selling their coins, while others are holding onto their investments or even acquiring more. This could indicate a mix of bullish and bearish sentiment within the Bitcoin market.

該數據還提供了對比特幣投資者情緒變化的洞察。 Fish 的實際價格與比特幣交易價格之間的差異表明，一些 Fish 正在出售其代幣，而另一些則保留其投資甚至購買更多。這可能表明比特幣市場內存在看漲和看跌情緒。

Conclusion

結論

The Glassnode data offers valuable insights into the buying and holding strategies of different Bitcoin investor cohorts. Fish, with their low realized price and historical role in market bottoms, emerge as the "smart money" in Bitcoin. Whales, with their higher realized price, provide a benchmark for the average cost of acquisition. The dynamic behavior of Fish, coupled with the overall Bitcoin market sentiment, highlights the complexities and opportunities within the cryptocurrency ecosystem.

Glassnode 數據為不同比特幣投資者群體的購買和持有策略提供了寶貴的見解。魚以其較低的實現價格和在市場底部的歷史作用，成為比特幣中的「聰明錢」。鯨魚的實現價格較高，為平均收購成本提供了基準。 Fish 的動態行為，加上比特幣的整體市場情緒，凸顯了加密貨幣生態系統內的複雜性和機會。