比特币 (BTC) SOPR 指标和价格图表提供了一个复杂但富有洞察力的市场图景

随着比特币 [BTC] 徘徊在 94000 美元附近，支出产出利润率 (SOPR) 以及长期持有者 (LTH) 和短期持有者 (STH) SOPR 比率图表为市场动态提供了宝贵的见解。

Bitcoin [BTC] hovered near the $94,000 mark on 2 December, presenting an interesting juncture in its price analysis. While key metrics like the Spent Output Profit Ratio (SOPR) and the Long-Term Holder (LTH) and Short-Term Holder (STH) SOPR ratios offered valuable insights, the price chart hinted at a critical phase for the apex crypto.

12 月 2 日，比特币 [BTC] 徘徊在 94,000 美元附近，这是其价格分析中一个有趣的时刻。虽然支出产出利润率 (SOPR) 以及长期持有者 (LTH) 和短期持有者 (STH) SOPR 比率等关键指标提供了有价值的见解，但价格图表暗示了顶级加密货币的关键阶段。

Bitcoin SOPR metrics paint a picture of investor conviction

比特币 SOPR 指标描绘了投资者信念的图景

An examination of the SOPR metric revealed that Bitcoin remained above the neutral threshold of 1.0, indicating that the majority of Bitcoin transactions occurred at a profit. This served as a positive indicator, reflecting confidence among market participants, especially during periods of price volatility.

对 SOPR 指标的检查显示，比特币仍高于 1.0 的中性阈值，这表明大多数比特币交易都是盈利的。这是一个积极的指标，反映了市场参与者的信心，特别是在价格波动期间。

Historically, a stable or rising SOPR during corrections often preceded a recovery, suggesting that sellers were taking profits rather than exiting positions in panic.

从历史上看，调整期间 SOPR 稳定或上升通常先于复苏，这表明卖家正在获利了结，而不是惊慌地平仓。

The LTH SOPR/STH SOPR ratio highlighted the diverging sentiment between long-term and short-term holders. Notably, long-term holders remained堅定, with minimal selling activity at the current price levels. In contrast, short-term holders showed reduced activity, which could be interpreted as either profit-taking or cautious positioning.

LTH SOPR/STH SOPR 比率凸显了长期持有者和短期持有者之间的情绪分歧。值得注意的是，长期持有者依然坚定，在当前价格水平上的抛售活动很少。相比之下，短期持有者的活动减少，这可以解释为获利了结或谨慎持仓。

These metrics, when viewed collectively, pointed towards strong support from experienced holders who were still confident despite Bitcoin’s recent pullback.

综合来看，这些指标表明经验丰富的持有者提供了强有力的支持，尽管比特币最近出现回调，但他们仍然充满信心。

Bitcoin’s key levels under threat

比特币的关键水平受到威胁

Aнализ of the price chart indicated that Bitcoin struggled to maintain its bullish momentum after peaking near $99,000. It traded just above its 50-day Moving Average (MA) at $93,977, which acted as a critical support level.

价格图表显示，比特币在触及 99,000 美元附近的峰值后，难以维持看涨势头。它的交易价格略高于 50 日移动平均线 (MA) 的 93,977 美元，这是一个关键的支撑位。

A sustained breach below this level could trigger a deeper correction, potentially testing lower support zones around $92,000.

持续跌破该水平可能会引发更深层次的调整，可能会测试 92,000 美元左右的较低支撑区域。

The MACD indicator on the chart pointed towards bearish momentum, as the MACD line had crossed below the signal line. The declining histogram bars further indicated increasing selling pressure, which aligned with the slight pullback observed in recent sessions.

图表上的 MACD 指标指向看跌势头，因为 MACD 线已穿过信号线下方。下降的直方图进一步表明抛售压力不断增加，这与最近几个交易日观察到的小幅回调一致。

Additionally, trading volumes were decreasing, suggesting that the current phase was marked by reduced market participation.

此外，交易量正在减少，表明当前阶段的特点是市场参与度减少。

LTH and STH behavior: A foundation for recovery?

LTH 和 STH 行为：康复的基础？

When combined with price chart trends, the SOPR metrics painted a picture of resilience among long-term holders.

当与价格图表趋势相结合时，SOPR 指标描绘了长期持有者的弹性图景。

The steady accumulation by these participants indicated confidence in Bitcoin’s long-term value. At the same time, the reduced activity of short-term holders signaled caution but did not necessarily indicate panic selling.

这些参与者的稳步积累表明了他们对比特币长期价值的信心。与此同时，短期持有者活动的减少表明了谨慎态度，但并不一定意味着恐慌性抛售。

If Bitcoin managed to defend its key support levels and the SOPR metrics remained above 1.0, this could set the stage for a resumption of the broader uptrend.

如果比特币能够守住其关键支撑位并且 SOPR 指标保持在 1.0 以上，这可能为恢复更广泛的上升趋势奠定基础。

However, any failure to maintain these levels could lead to extended consolidation as bearish momentum continued to challenge the market’s upward trajectory.

然而，由于看跌势头继续挑战市场的上行轨迹，任何未能维持这些水平的行为都可能导致盘整扩大。

– Read Bitcoin ( BTC) Price Prediction 2024-25

– 阅读 2024-25 年比特币 (BTC) 价格预测

Bitcoin’s SOPR metrics and price chart offered a nuanced but informative perspective on the market. While long-term holders’ confidence and steady profitability provided a strong foundation, short-term bearish signals could not be overlooked.

比特币的 SOPR 指标和价格图表为市场提供了细致入微但信息丰富的视角。虽然长期持有者的信心和稳定的盈利能力提供了坚实的基础，但短期看跌信号也不容忽视。

Investors should keep a close watch on the $93,977 support zone and SOPR trends for indicators of the next major price movement.

投资者应密切关注 93,977 美元的支撑区域和 SOPR 趋势，以获取下一个主要价格走势的指标。