比特币（BTC）价格暴跌：这是如果回撤延长，资产将重新测试的最近的链上支撑位

比特币（BTC）价格在过去一天暴跌。这是如果回撤延长，资产最终将重新测试的最近的链上水平。

Bitcoin has seen a downturn over the past day, and here’s the closest on-chain level that the asset might end up retesting if the drawdown continues.

比特币在过去一天经历了低迷，如果下跌继续下去，该资产可能最终会重新测试最接近的链上水平。

1 Week To 1 Month Bitcoin Holders Have Their Realized Price At $97,900

1 周至 1 个月的比特币持有者的实际价格为 97,900 美元

As highlighted by CryptoQuant author Axel Adler Jr in a recent post on X, the Realized Price of the 1-week to 1-month-old BTC holders is the closest support for the asset at the moment.

正如 CryptoQuant 作者 Axel Adler Jr 在 X 最近的一篇文章中所强调的那样，1 周至 1 个月的 BTC 持有者的实际价格是目前对该资产最接近的支撑。

Related Reading: Bitcoin Crashes: Here’s Where The Nearest On-Chain Support Is

相关阅读：比特币崩溃：这是最近的链上支持所在

The “Realized Price” in this context refers to an on-chain metric that, simply put, tracks the cost basis or acquisition price of the average holder in the Bitcoin network.

在这种情况下，“实际价格”指的是一种链上指标，简单地说，它跟踪比特币网络中平均持有者的成本基础或收购价格。

When the metric’s value is lower than the spot price of the crypto, it implies that the investors on the whole can be assumed to be sitting on a net amount of profit. On the other hand, it being above the BTC price suggests the prevalence of loss in the market.

当该指标的值低于加密货币的现货价格时，这意味着可以假设投资者总体上拥有净利润。另一方面，它高于 BTC 价格表明市场普遍存在亏损。

In the context of the current topic, the Realized Price of only a specific group of the cohort is relevant: the 1-week to 1-month-old holders. This cohort includes the addresses that have been holding their coins for at least one week and, at most, one month.

在当前主题的背景下，只有特定群体的已实现价格是相关的：1 周到 1 个月大的持有者。该队列包括持有代币至少一周、最多一个月的地址。

Now, here is the chart shared by the analyst that shows how the Realized Price of this Bitcoin group has changed over the past year:

现在，以下是分析师分享的图表，显示了该比特币组的实际价格在过去一年中的变化：

As you can see in the above graph, the Realized Price of the 1-week to 1-month-old Bitcoin holders has been climbing up together with the price rally. This is naturally because the cohort’s cost basis keeps getting repriced to higher levels as new investors buy at the rally highs.

从上图中可以看出，1周至1个月的比特币持有者的实际价格随着价格上涨而不断攀升。这自然是因为随着新投资者在反弹高点买入，该群体的成本基础不断重新定价至更高水平。

Currently, the indicator’s value is at $97,900, hence, these investors would be in profit at the current price. Earlier in the past day, however, the asset came very close to retesting the level as its price saw a brief dip below $99,000.

目前，该指标的价值为 97,900 美元，因此，这些投资者按当前价格将获利。然而，在过去一天早些时候，该资产非常接近重新测试该水平，其价格短暂跌破 99,000 美元。

The 1 week to 1 month old investors form a part of a larger cohort that’s known as the short-term holders (STHs). The STHs are broadly defined as the holders that bought their coins within the past 155 days.

持有 1 周到 1 个月的投资者属于一个更大的群体，称为短期持有者 (STH)。 STH 被广义地定义为在过去 155 天内购买其代币的持有者。

Statistically, the longer an investor holds onto their coins, the less likely they become to sell. Hence, the STHs, and especially the 1-week to 1-month-old segment, would contain the holders with the least amount of conviction in the cohort, due to their low holding period.

据统计，投资者持有代币的时间越长，出售代币的可能性就越小。因此，STH，尤其是 1 周至 1 个月的部分，由于其持有期限较短，将包含队列中信念量最少的持有者。

Because of how skittish they are, the STHs usually show some kind of response whenever their average cost basis gets retested by the Bitcoin price. This response may come in the form of buying when the retest occurs from above, as these holders might believe the decline to be just a ‘dip.’

由于他们非常不稳定，每当比特币价格重新测试其平均成本基础时，STH 通常会表现出某种反应。当上方重新测试时，这种反应可能会以买入的形式出现，因为这些持有者可能认为下跌只是“下跌”。

As such, the Realized Price of the 1-week to 1-month-old STHs, which is below the current price, could be viewed as a support level for the crypto. The level has also already helped the asset out once this month.

因此，1 周至 1 个月的 STH 的实际价格低于当前价格，可以被视为加密货币的支撑位。该水平本月也已经帮助该资产摆脱困境。

Related Reading: Ethereum On-Chain Demand Should Sustain ETH Above $4,000, IntoTheBlock Says

相关阅读：IntoTheBlock 表示，以太坊链上需求应使 ETH 维持在 4,000 美元以上

So far, Bitcoin has been making a recovery from the plummet, but should the bearish momentum return, the retest of the line may be to watch for, considering the past pattern.

到目前为止，比特币已经从暴跌中恢复过来，但如果看跌势头回归，考虑到过去的模式，可能需要关注该线的重新测试。

BTC Price

比特币价格

At the time of writing, Bitcoin is trading at around $102,200, down nearly 3% in the last 24 hours.

截至撰写本文时，比特币交易价格约为 102,200 美元，在过去 24 小时内下跌近 3%。