Glassnode Insights 比特币 (BTC) 反弹显示每日利润创纪录的 20 亿美元

随着比特币（BTC）价格接近六位数，长期持有者正在积极重新分配其持有的资产。

Bitcoin's Rally Reveals a Record $2 Billion in Daily Profits: Glassnode

Glassnode：比特币的反弹显示每日利润创纪录的 20 亿美元

Bitcoin (BTC) prices are edging closer to six figures, and long-term holders are actively redistributing their coins. Over 507,000 BTC has been sold by this group since reaching peak supply in September. While this trails the 934,000 BTC distributed during the March 2024 rally, it marks a decisive uptick in activity.

比特币（BTC）价格正接近六位数，长期持有者正在积极重新分配他们的比特币。自 9 月份达到供应高峰以来，该组织已售出超过 507,000 枚 BTC。虽然这落后于 2024 年 3 月反弹期间分配的 934,000 BTC，但这标志着活动的决定性上升。

“Coins aged between 6 months and 1 year dominate the prevailing sell-side pressure, accounting for 35.3% of the total,” Glassnode stated in its latest OnChain Report.

Glassnode 在其最新的 OnChain 报告中表示：“年龄在 6 个月到 1 年之间的代币主导了当前的卖方压力，占总数的 35.3%。”

Bitcoin's realized daily profits hit a new all-time high at $2.02 billion, according to Glassnode's data. This surge in realized profits highlights a strong demand side, absorbing the increased liquidity. The Sell-Side Risk Ratio, which analyzes realized profits and losses relative to the market's realized capitalization, is approaching historically high levels, noted analysts Ukuria OC and Cryptovizart.

Glassnode 的数据显示，比特币每日实现利润创下 20.2 亿美元的历史新高。已实现利润的激增凸显了强劲的需求面，吸收了增加的流动性。分析师 Ukuria OC 和 Cryptovizart 指出，卖方风险比率（分析相对于市场已实现资本的已实现利润和损失）正在接近历史高位。

However, the current levels are below the peaks observed in previous bull markets, indicating that the market still has room to grow. The researchers also identify a crucial gap in bitcoin's price discovery. Rapid gains have resulted in minimal trading activity between $76,000 and $88,000, creating an “air gap” that could impact market corrections. For sustained upward momentum to continue, a period of consolidation and reaccumulation is needed.

然而，目前的水平低于之前牛市中观察到的峰值，表明市场仍有增长空间。研究人员还发现了比特币价格发现中的一个关键差距。快速上涨导致交易活动最小化在 76,000 美元至 88,000 美元之间，形成了可能影响市场调整的“空气缺口”。为了维持持续的上涨势头，需要一段时间的盘整和重新积累。

While younger bitcoin supplies are dominating the current sell-side activities, older holders are still moving slowly, perhaps waiting for even higher price points, the report noted. This cautious behavior suggests that the market, despite the heightened activity, is far from overheated.

报告指出，虽然较年轻的比特币供应主导了当前的卖方活动，但较老的比特币持有者仍在缓慢行动，可能在等待更高的价格点。这种谨慎的行为表明，尽管市场活动有所增加，但市场还远未过热。

As bitcoin makes its final push toward $100,000, these latest insights from Glassnode's researchers are shedding light on the intricate underpinnings of this historic rally, offering a clearer perspective on the market's evolving dynamics.

随着比特币最终冲向 10 万美元，Glassnode 研究人员的这些最新见解正在揭示这一历史性反弹的复杂基础，为市场不断变化的动态提供更清晰的视角。