比特币（BTC）市场动态显示出谨慎乐观的迹象，投资者仍持有股份

Glassnode 的最新报告强调了有关比特币当前财务状况的一些有趣事实。特别是到目前为止，比特币投资者

Fresh insights from the latest Glassnode report into the financial health of Bitcoin reveal some intriguing patterns. Notably, Bitcoin investors are largely sitting on unrealized profits at a scale rarely seen before. Yet, the market continues to exhibit choppy movements – presenting a scenario that appears cautiously optimistic.

Glassnode 最新报告对比特币财务健康状况的新见解揭示了一些有趣的模式。值得注意的是，比特币投资者很大程度上持有未实现的利润，其规模是前所未见的。然而，市场继续呈现波动走势——呈现出一种谨慎乐观的局面。

On the other hand, the report also highlights that the majority of early investors are not experiencing direct selling pressure at the moment, as Bitcoin faces selling resistance, suggesting a market behavior that largely resembles a holding pattern.

另一方面，该报告还强调，由于比特币面临抛售阻力，大多数早期投资者目前并未面临直接抛售压力，这表明市场行为在很大程度上类似于持有模式。

This balance is further reflected in the current market dynamics, where trading volumes are observing a substantial decline. According to Glassnode, this decrease in on-exchange and trading platform supply change indicates that the market is reaching an equilibrium.

这种平衡进一步反映在当前的市场动态中，交易量大幅下降。 Glassnode 表示，交易所和交易平台供应变化的减少表明市场正在达到均衡。

This drives the spread between buy-side momentum and sell-side pressures towards stability, setting the stage for a potentially healthy synchrony in the upcoming market movements. This phase of market activity holds great significance, as it could influence the direction of the Bitcoin price over the coming days, weeks and potentially beyond.

这推动了买方动力和卖方压力之间的稳定，为未来市场走势的潜在健康同步奠定了基础。这一阶段的市场活动意义重大，因为它可能会影响未来几天、几周甚至更长时间内比特币价格的走向。

Despite choppy price action, the unrealized profit of #Bitcoin investors remains constructive. However, volumes across all market facets are declining markedly as an equilibrium between demand and sell-side forces is established.

尽管价格走势波动，#Bitcoin 投资者的未实现利润仍然具有建设性。然而，随着需求和卖方力量之间建立平衡，所有市场方面的交易量都在显着下降。

Discover more in the latest Week On-Chain… pic.twitter.com/N5jFsHPPlJ

在最新一周的链上发现更多… pic.twitter.com/N5jFsHPPlJ

Analyzing the Downward Trend

分析下降趋势

Continuing from Glassnode’s observations, Bitcoin’s price trajectory has shown a consistent decline over the past week. At the time of writing, the cryptocurrency has dropped by about 1.9% in just 24 hours, bringing its current value to around $64,758.

继续Glassnode的观察，比特币的价格轨迹在过去一周呈现出持续下跌的趋势。截至撰写本文时，该加密货币在短短 24 小时内下跌了约 1.9%，目前价值约为 64,758 美元。

This sustained decrease reflects a broader climate of market uncertainty and investor skepticism, which could be influenced by macroeconomic trends and international economic updates.

这种持续下降反映了更广泛的市场不确定性和投资者怀疑气氛，这可能受到宏观经济趋势和国际经济动态的影响。

However, the broader implication of this is that… As volume has only decreased and unrealized income seems to stabilize, it indicates not a high-scale of coins selling but a fewer number of transactions.

然而，这更广泛的含义是……由于交易量只是减少，未实现收入似乎稳定下来，这表明并不是代币销售规模很大，而是交易数量减少了。

It could be seen as a positive sign that many see Bitcoin as a store of value in the long-term, despite turbulence in the short-term. Seemingly investors are waiting for more meaningful market signals to shift one way or the other on their holdings.

尽管短期出现动荡，但许多人仍将比特币视为长期价值储存手段，这可以被视为一个积极的信号。投资者似乎正在等待更有意义的市场信号来改变其持有的股票。