比特币（BTC）市场证人的所有权显着转移，因为短期持有人加载了BTC

由于短期持有人加载了BTC的积累，最近的价格行动似乎引发了比特币所有权的显着转变。

Bitcoin’s price experienced a slight recovery, reaching the $102,000 price level, indicating growing upside momentum. However, the flagship asset encountered strong resistance around the $102,000 threshold, leading to a price retracement toward key support levels.

比特币的价格略有恢复，达到了102,000美元的价格水平，表明上升的势头。但是，旗舰资产在102,000美元的门槛左右遇到了强烈的抵抗，从而导致价格回溯到关键支持水平。

As Bitcoin’s price continues to fluctuate, strong bullish sentiment and activity have been observed among short-term holders.

随着比特币的价格继续波动，在短期持有人之间观察到了强烈的看涨情绪和活动。

A Shift In Bitcoin Ownership

比特币所有权的转变

Recent price actions appear to have triggered a notable shift in Bitcoin ownership as short-term holders increase their accumulation of BTC. Alphractal, an advanced data analytics and investment platform, identified the change in ownership, suggesting growing confidence among BTC retail investors.

由于短期持有人增加了BTC的积累，最近的价格行动似乎引发了比特币所有权的显着转变。高级数据分析和投资平台Alphractal确定了所有权的变化，这表明BTC零售投资者的信心越来越大。

Data from the platform shows that long-term holders have sold a significant amount of BTC, while short-term holders step in to absorb the supply. This change typically comes when long-term holders, such as early investors or institutions, reduce their holdings, allowing short-term holders who are keen to capitalize on possible gains to buy more coins.

该平台的数据表明，长期持有人已经出售了大量BTC，而短期持有人则介入以吸收供应。这种变化通常是在长期持有人（例如早期投资者或机构）减少其持股的情况下才会出现的，这使他们渴望利用可能的收益来购买更多硬币的短期持有人。

The massive sell-offs from long-term investors are considered a profit-taking strategy, indicating pessimism in BTC’s long-term performances among these investors. However, the huge accumulation by short-term holders reflects strong optimism about BTC’s short-term potential.

长期投资者的大量抛售被认为是一种盈利策略，表明BTC在这些投资者中的长期表现中的悲观情绪。但是，短期持有人的巨大积累反映了对BTC短期潜力的强烈乐观。

After analyzing the Bitcoin Supply Age Bands metric, Alphractal highlighted that history might be repeating itself once again as short-term sentiment grows.

在分析了比特币供应年龄段公制后，字母强调，随着短期情绪的增长，历史可能再次重复。

As observed in past cycles, long-term participants become less interested in holding their previously acquired BTC, ultimately leading them to sell their coins. In the current cycle, these investors are beginning to offload their holdings at a large scale.

正如过去的周期中所观察到的那样，长期参与者对持有以前获得的BTC的兴趣降低，最终导致他们出售硬币。在当前周期中，这些投资者开始大规模卸载其持股。

On the other hand, short-term holders have shown to be more reactive and make riskier decisions because they purchase precisely during price spikes. Should these investors continue to accumulate BTC, the development could impact market volatility and shape the asset’s next major price move.

另一方面，短期持有人已显示出更具反应性并做出更风险的决定，因为它们是在价格上涨期间精确购买的。如果这些投资者继续积累BTC，则该开发可能会影响市场的波动，并塑造资产的下一个主要价格转移。

Short-term holders may be capitalizing on recent pullbacks, but Alphractal highlights that long-term holders tend to be smarter investors. This is due to a higher possibility of growth in the long term. These investors take advantage of the rising BTC prices to sell their positions, with a lower average buy price.

短期持有人可能会利用最近的回调，但字性凸显了长期持有人往往是更明智的投资者。这是由于长期增长的可能性更高。这些投资者利用BTC价格上涨的价格出售其头寸，平均买入价格较低。

BTC’s Market Still Bullish As Profitability Remain At Good Levels

BTC的市场仍然看涨，因为盈利能力保持良好

Despite significant corrections, BTC’s profitability remains at positive levels. Data shared by Axel Adler Jr., a macro researcher and author, shows that Bitcoin’s average realized profit, net average realized profit, and average realized losses are valued at $911 million, $653 million, and $258 million respectively.

尽管进行了重大纠正，但BTC的盈利能力仍处于正面水平。宏观研究人员和作者Axel Adler Jr.共享的数据表明，比特币的平均实现利润，平均实现的利润净利润，平均实现的损失的价值分别为9.11亿美元，6.53亿美元和2.58亿美元。

Considering the profitability levels, Axel Adler claims that the BTC market still remains in a bullish phase. According to the expert, the current consolidation will likely come to an end when the Net Realized Profit/Loss (USD) 7DMA inches closer to zero or goes negative. This would imply that most sellers have already left the market, which is common during the final stage of a correction, leaving only panic-driven selling.

考虑到盈利水平，阿克塞尔·阿德勒（Axel Adler）声称BTC市场仍然处于看涨阶段。据专家称，当净实现损益（USD）7DMA英寸更接近零或负数时，目前的合并可能会结束。这意味着大多数卖家已经离开了市场，这在更正的最后阶段很常见，只留下恐慌驱动的销售。