沉默的比特幣巨頭透過代幣銷毀日暗示拋售壓力

最近的一項分析表明，比特幣銷毀天數（CDD）指標可能有助於識別市場的拋售壓力。 CDD 追蹤休眠比特幣轉移的總天數，幾天前經歷了大幅飆升。從歷史上看，這種飆升往往先於價格下跌，因為長期持有者（鯨魚）傾向於出售其累積的代幣。最近的飆升可能表明，鯨魚在最近的復甦中將其比特幣出售至 67,000 美元，導致隨後的價格下跌。監控客戶盡職調查可以提供對未來潛在拋售壓力和市場低迷的洞察。

Bitcoin's Silent Giants: Coin Days Destroyed Metric Uncovers Selling Pressure

比特幣的沉默巨人：貨幣天數被摧毀的指標揭示了拋售壓力

Amidst the recent price fluctuations in the Bitcoin market, an intriguing on-chain metric known as Coin Days Destroyed (CDD) has emerged as a potential indicator of impending selling pressure. A comprehensive analysis of this metric reveals a striking correlation with subsequent price declines, suggesting its utility in anticipating market movements.

在比特幣市場最近的價格波動中，一個有趣的鏈上指標——幣毀天數（CDD）已經成為即將到來的拋售壓力的潛在指標。對該指標的全面分析揭示了與隨後價格下跌的顯著相關性，顯示其在預測市場趨勢方面的實用性。

Understanding Coin Days and Their Destruction

了解硬幣日及其銷毀

The concept of "coin days" is fundamental to comprehending the CDD metric. Each day that a Bitcoin remains dormant on the blockchain accumulates one coin day. When the Bitcoin is transferred, its coin days counter resets to zero. The coin days accumulated prior to the transfer are considered "destroyed" by the transaction.

「幣天」的概念是理解 CDD 指標的基礎。比特幣在區塊鏈上保持休眠狀態的每一天都會累積一個幣日。當比特幣被轉移時，其硬幣天數計數器重置為零。轉帳前累積的幣天數被視為被交易「銷毀」。

The CDD metric tracks the total number of coin days destroyed across the Bitcoin network each day. When this value spikes, it signifies that a substantial amount of previously dormant Bitcoins are being transacted. Such transfers are often associated with long-term holders or "whales," who typically accumulate a significant number of coin days.

CDD 指標追蹤每天在比特幣網路上銷毀的代幣天數總數。當這個值飆升時，意味著大量以前休眠的比特幣正在被交易。此類轉移通常與長期持有者或「鯨魚」有關，他們通常會累積大量的代幣天數。

CDD Spikes Linked to Selling Pressure

CDD 高峰與拋售壓力相關

Historical data reveals a compelling pattern: CDD spikes often precede price declines in the Bitcoin market. This observation suggests that these large-scale transfers by whales are frequently associated with selling activities. As these long-term holders liquidate their positions, the influx of Bitcoins into the market can exert downward pressure on prices.

歷史數據揭示了一個令人信服的模式：CDD 飆升通常先於比特幣市場的價格下跌。這項觀察結果表明，鯨魚的這些大規模轉移經常與銷售活動有關。隨著這些長期持有者清算其頭寸，比特幣湧入市場可能會對價格產生下行壓力。

Recent CDD Spike and Market Implications

最近的 CDD 飆升和市場影響

In the past few days, the CDD metric has registered a significant spike. This surge coincided with Bitcoin's recovery towards $67,000, followed by a subsequent price correction. It appears that whales may have seized this opportunity to exit their positions, contributing to the recent bearish momentum.

在過去的幾天裡，CDD 指標出現了顯著的飆升。此次飆升恰逢比特幣回升至 67,000 美元，隨後價格出現調整。看來鯨魚可能抓住了這個機會退出頭寸，助長了近期的看跌勢頭。

Moreover, data from last month indicates two CDD spikes even larger than the recent one. These spikes occurred near the temporary peak of the rally, further reinforcing the hypothesis that selling pressure from HODLers may have influenced the subsequent price decline.

此外，上個月的數據顯示兩次 CDD 高峰甚至比最近一次還要大。這些高峰發生在反彈的臨時高峰附近，進一步強化了這樣的假設：持有者的拋售壓力可能影響了隨後的價格下跌。

CDD as a Predictive Indicator

CDD 作為預測指標

Given the apparent correlation between CDD spikes and Bitcoin price drops, this metric warrants close monitoring. By tracking CDD fluctuations, traders and investors may gain valuable insights into the potential onset of selling pressure and impending market corrections.

鑑於 CDD 飆升和比特幣價格下跌之間存在明顯的相關性，這項指標值得密切監控。透過追蹤 CDD 波動，交易者和投資者可能會獲得有關潛在拋售壓力和即將到來的市場調整的寶貴見解。

Conclusion

結論

The Coin Days Destroyed metric offers a unique perspective on the Bitcoin market by tracking the movements of long-term holders. CDD spikes can serve as early indicators of selling pressure, potentially enabling investors to anticipate price declines and make informed trading decisions.

Coin Days Destroyed 指標透過追蹤長期持有者的動向，為比特幣市場提供了獨特的視角。 CDD 高峰可以作為拋售壓力的早期指標，有可能使投資者能夠預測價格下跌並做出明智的交易決策。

However, it is crucial to note that the CDD metric is merely one piece of data and should not be used in isolation. A comprehensive analysis of multiple on-chain and technical indicators is always recommended for effective market analysis.

然而，需要注意的是，CDD 指標只是一項數據，不應單獨使用。為了有效的市場分析，始終建議對多個鏈上和技術指標進行綜合分析。