長期比特幣持有者獲利回吐激增預示著潛在的市場轉變

比特幣 (BTC) 的長期持有者的支出激增，那些持有比特幣三到五年的人在 3 月 23 日貢獻了 95,000 BTC，這是三年來的最高水平。這次飆升與比特幣最近的上漲同時發生，顯示這些持有者的獲利了結活動增加。然而，布林線和波動指數等指標顯示波動性較低，並且存在潛在的盤整期，從而降低了短期內價格大幅波動的可能性。

Long-Term Bitcoin Holders Engage in Surge of Profit-Taking, Signaling Potential Market Shift

比特幣長期持有者獲利回吐激增，預示著潛在的市場轉變

March 23, 2023

2023 年 3 月 23 日

In a significant development, the spent outputs for Bitcoin (BTC) held by investors for durations between three and five years have soared to their highest level in three years, indicating a surge in profit-taking activity among long-term holders. This metric provides valuable insights into the spending patterns of investors, shedding light on potential changes in market sentiment.

一個重大進展是，投資者持有三年至五年的比特幣（BTC）產出已飆升至三年來的最高水平，顯示長期持有者的獲利了結活動激增。該指標為投資者的支出模式提供了寶貴的見解，揭示了市場情緒的潛在變化。

According to data from CryptoQuant, the spent output for BTC holders in the three-to-five-year range reached 95,000 BTC on March 23. This level was last observed on July 14, 2021, suggesting that long-held coins are being moved in substantial quantities.

根據CryptoQuant 的數據，3 月23 日，BTC 持有者在三到五年範圍內的支出達到了95,000 BTC。最後一次觀察到這一水平是在2021 年7 月14 日，這表明長期持有的代幣正在被轉移數量龐大。

The timing of this spike is particularly noteworthy. It coincides with BTC's recent rally above the $70,000 price mark, following a period of consolidation below $65,000. The surge in spent outputs suggests that some long-term holders may be cashing in on their profits after a period of sustained price appreciation.

這一峰值的時機尤其值得注意。與此同時，BTC 在經歷了一段時間低於 65,000 美元的盤整之後，最近反彈至 70,000 美元以上。支出激增表明，在價格持續上漲一段時間後，一些長期持有者可能會從利潤中獲利。

Potential Impact on Market Dynamics

對市場動態的潛在影響

Historically, elevated levels of profit-taking among BTC's long-term holders have often been followed by price corrections. However, current market conditions present a more nuanced picture.

從歷史上看，比特幣長期持有者獲利了結程度的提高往往伴隨著價格調整。然而，當前的市場狀況呈現出更微妙的景象。

While the market's weighted sentiment remains bearish at the time of writing, indicators of market volatility suggest a low probability of significant price swings in the near term. For instance, the gap between the upper and lower bands of BTC's Bollinger Bands (BB) indicator has narrowed in recent days, indicating a decrease in price volatility. This typically signifies that the asset may be entering a period of consolidation.

儘管在撰寫本文時市場的加權情緒仍看跌，但市場波動指標顯示近期價格大幅波動的可能性很小。例如，比特幣布林線（BB）指標的上下區間差距最近幾天有所收窄，顯示價格波動性下降。這通常意味著資產可能正在進入整合期。

Furthermore, BTC's Choppiness Index, which measures the strength of market trends, registered a value of 62.16 at the time of writing. A value between 50 and 70 suggests a moderate trend, neither strongly bullish nor bearish.

此外，衡量市場趨勢強度的 BTC 波動指數在撰寫本文時的值為 62.16。 50 到 70 之間的數值表示趨勢溫和，既不強烈看漲也不強烈看跌。

Conclusion

結論

The surge in spent outputs among long-term BTC holders is a significant development that warrants attention from market participants. While historical trends suggest the potential for a price correction, current market conditions indicate a lower likelihood of significant volatility in the immediate term. Investors should remain vigilant and monitor market conditions closely as the situation evolves.

長期比特幣持有者的支出激增是值得市場參與者關注的重大發展。雖然歷史趨勢顯示價格存在調整的可能性，但當前的市場狀況顯示短期內大幅波動的可能性較低。投資者應保持警惕，並隨著局勢的發展密切關注市場狀況。