鑰匙比特幣（BTC）指標表明了潛在的變化

鑰匙比特幣（BTC）指標表明，BTC的長期持有人實現了其位置的潛在轉變

A key Bitcoin (BTC) metric signaled a potential shift in its positioning as BTC’s long-term holder realized cap (LTH Realized Cap) surpassed $18 billion for the first time since September 2024.

自2024年9月以來，BTC的長期持有人實現的CAP（LTH實現的上限）首次超過180億美元，其定位的潛在轉變表明，其位置可能發生了可能的轉變。

Data from CryptoQuant showed that this cohort had been aggressively accumulating, which previously signaled the BTC bottom in Q3 2024. The LTH realized cap tracks the BTC cost basis of investors holding their allocation for 155 days or more. A sharp increase in this metric would suggest that these long-term holders are in an accumulation phase, which is typically bullish.

來自CryptoQuant的數據表明，該隊列一直在積極積累，此前曾在第32204季度表示BTC底部。 Lth實現了CAP跟踪BTC的成本基礎的BTC成本基礎，這是投資者持有155天或更長時間的投資者。該指標的急劇增加表明，這些長期持有人處於累積階段，通常是看好的。

Bitcoin LTH net position realized cap. Source: CryptoQuant

比特幣LTH淨位置實現了上限。資料來源：加密

As seen in the chart above, a spike in this metric usually precedes bullish rallies. Most recently, the LTH realized cap reached $18 billion on Sept. 8, 2024, after which Bitcoin registered 100% returns over the next few months.

如上圖所示，該指標的尖峰通常是看漲的集會。最近，第三章在2024年9月8日實現了180億美元，此後比特幣在接下來的幾個月中獲得了100％的回報。

Another key confluence that matches the current bottom setup with September 2024 is the significant drop in open interest. BTC’s OI reached an all-time high of $39 billion in July but dropped by 25% by September. Similarly, Bitcoin’s open interest dropped 28% between Dec. 18 and April 8,

與2024年9月的當前底部設置相匹配的另一個關鍵匯合處是開放興趣的顯著下降。 BTC的OI在7月達到了390億美元的歷史最高點，但到9月下降了25％。同樣，比特幣的開放興趣在12月18日至4月8日之間下降了28％，

Bitcoin open interest. Source: CoinGlass

比特幣開放興趣。資料來源：小店

The concurrent rise in LTH Realized Cap and a leverage wipeout strongly support the likelihood of a Bitcoin price bottom. However, Bitcoin’s open interest has surged by nearly 10% in the past 24 hours, suggesting that the price action following this spike could offer better directional bias in the coming days.

LTH的同時增加實現了上限，並且槓桿消滅強烈支持了比特幣價格底部的可能性。但是，在過去的24小時內，比特幣的開放興趣飆升了近10％，這表明此峰值之後的價格動作可能會在未來幾天提供更好的方向性偏見。

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

本文不包含投資建議或建議。每個投資和交易舉動都涉及風險，讀者在做出決定時應進行自己的研究。