長期的SOL持有人擔心 - 購買信號？

在3月21日在X平台上的一篇文章中，著名的加密分析師阿里·馬丁內斯（Ali Martinez）表示，長期的Sol持有者現在感到恐懼。

The price action of Solana (CRYPTO: SOL) has been quite underwhelming over the past week, reflecting the worsening climate of the altcoin market. Interestingly, the launch of the SOL futures exchange-traded funds (ETFs) during the week did very little to jolt the altcoin’s price back to life.

在過去的一周中，索拉納（Crypto：Sol）的價格行動一直令人不知所措，這反映了Altcoin市場的惡化。有趣的是，在本週內推出了Sol Futures交易所交易貿易資金（ETF），對Altcoin的價格恢復了生命幾乎沒有震撼。

Following the severe price downturn that hit the market, including the Solana token, investors were left wondering when it was best to "buy the dip." The latest on-chain observation suggests that it might finally be time for investors to get back into the SOL market.

在包括Solana代幣在內的市場上的嚴重價格下滑之後，投資者想知道什麼時候最好是“購買蘸醬”。最新的鍊鍊觀察表明，投資者最終可能是回到SOL市場的時候了。

SOL Long-Term Investors Fearful – A Buy Signal?

SOL長期投資者擔心 - 買信號？

In a March 21 post on the X platform, prominent crypto analyst Ali Martinez said long-term SOL holders are now in fear. The relevant on-chain indicator here is the "Long-Term Holder Net Unrealized Profit/Loss (NUPL)" metric, which measures the difference between market cap and realized cap divided by market cap. This indicator provides insight into the ratio of long-term investors in profit at every given time.

在3月21日在X平台上的一篇文章中，著名的加密分析師阿里·馬丁內斯（Ali Martinez）表示，長期的Sol持有者現在感到恐懼。這里相關的鏈上指標是“長期持有人淨未實現的盈利/損失（NUPL）”度量，該指標衡量了市值和已實現的上限之間的差額除以市值。該指標可深入了解每個給定時間的長期投資者利潤的比率。

A NUPL value greater than zero indicates that more investors are in profit, while a less-than-zero reading implies that more investors are in the red than those in profit.

NUPL的值大於零，這表明更多的投資者正在獲利，而零的閱讀量則意味著，投資者的投資者比盈利的投資者更多。

Although an upward trend for the metric suggests that more coins are beginning to enter profit, it also means that more investors are inclined to take profit — leading to increased bearish pressure. On the other hand, a falling NUPL value indicates investors' reduced willingness to realize loss, resulting in reduced selling pressure.

儘管該指標的上升趨勢表明，更多的硬幣開始獲利，但這也意味著更多的投資者傾向於獲利 - 導致看跌壓力增加。另一方面，NUPL值下降表明投資者的意願減少了損失的意願，從而減輕了銷售壓力。

As shown in the chart above, long-term Solana investors are now in fear, as the NUPL metric slipped beneath the 0.25 mark. According to earlier logic, this class of SOL holders is less likely to sell their assets and realize their losses, signaling less bearish pressure for the altcoin.

如上圖所示，現在長期的索拉納投資者在恐懼中感到恐懼，因為NUPL度量標准在0.25下方。根據較早的邏輯，這類溶膠持有人不太可能出售其資產並實現其損失，這表明對Altcoin的看跌壓力較小。

Moreover, Martinez noted that "smart money" investors have always shown a willingness to enter the market during periods like this. "Be greedy when others are fearful," the analyst said about the strategy.

此外，馬丁內斯（Martinez）指出，“聰明”的投資者始終表現出在這樣的時期進入市場的意願。分析師談到策略時說：“當別人恐懼時要貪婪。”

Historically, the crypto market tends to move in the crowd’s opposite direction. Hence, it might be time to "buy the dip," especially with the long-term investors currently skeptical about the promise of the Solana token.

從歷史上看，加密市場往往會朝著人群相反的方向發展。因此，可能是時候“購買蘸醬”了，尤其是對目前對Solana代幣承諾的長期投資者的態度。

Solana Price At A Glance

一目了然

At the time of writing, the price of SOL sits just beneath the $130 level, reflecting a 0.4% decline in the past 24 hours. According to CoinGecko data, the altcoin’s value has dropped by almost 5% in the past week.

在寫作時，SOL的價格位於130美元以下，反映了過去24小時內下降0.4％。根據Coingecko數據，在過去一周中，Altcoin的價值下降了近5％。