比特币持有者抛售资产：牛市可能会持续

市场情报平台 IntoTheBlock 的数据表明，持有比特币一年多的长期持有者 (LTH) 最近的抛售可能表明牛市尚未达到顶峰。从历史上看，LTH 在熊市和复苏反弹期间积累，但在牛市开始增强动力时开始抛售。当前的抛售模式与之前牛市期间观察到的相似，表明本轮周期可能还剩下更多时间。

Bitcoin Long-Term Holder Sell-Off: Bull Market May Not Be Over Yet

比特币长期持有者抛售：牛市可能尚未结束

London, United Kingdom - A recent report from market intelligence platform IntoTheBlock sheds light on a potential indication that the current Bitcoin bull market may have a significant extension ahead of it.

英国伦敦 - 市场情报平台 IntoTheBlock 最近的一份报告揭示了一个潜在迹象，表明当前的比特币牛市可能会大幅延长。

Long-Term Holders (LTHs): A Beacon of Stability

长期持有者 (LTH)：稳定的灯塔

In the cryptocurrency realm, Long-Term Holders (LTHs) represent investors who have held their Bitcoin for over a year. These individuals are recognized for their resilience, demonstrating minimal selling activity regardless of market volatility. Their unwavering stance often acts as a stabilizing force in the market.

在加密货币领域，长期持有者（LTH）代表持有比特币一年以上的投资者。这些人因其韧性而受到认可，无论市场波动如何，他们的销售活动都很少。他们坚定不移的立场往往成为市场的稳定力量。

A Shift in LTH Behavior

LTH 行为的转变

However, IntoTheBlock's analysis has observed a recent deviation in LTH behavior. Typically, LTHs accumulate Bitcoin during bear markets and recovery rallies. However, data shows that LTH holdings have recently taken a downward trajectory.

然而，IntoTheBlock 的分析发现 LTH 行为最近出现了偏差。通常，LTH 在熊市和复苏反弹期间积累比特币。然而，数据显示，LTH 持有量近期呈下降趋势。

Historical Parallels

历史相似之处

Interestingly, a similar pattern emerged during the previous two Bitcoin bull runs. LTHs tended to initiate selling post-breakout and sustained it beyond the market peak.

有趣的是，在前两次比特币牛市中也出现了类似的模式。 LTH 往往会在突破后开始抛售，并将其维持到市场峰值之后。

Plenty of Time Remaining

剩余时间充足

Based on this historical pattern, IntoTheBlock suggests that the current bull market may still have ample room to extend. The lack of significant LTH selling compared to previous cycles implies that the market may not be nearing exhaustion.

基于这一历史模式，IntoTheBlock 认为当前的牛市可能仍有充足的延续空间。与之前的周期相比，LTH 缺乏大量抛售，这意味着市场可能尚未接近枯竭。

One-Year Delay Factor

一年延迟因素

It is crucial to note that Bitcoin's LTH metric incorporates a one-year delay for buying. Thus, an increase in LTH holdings reflects accumulation that occurred a year prior. However, selling does not have this delay, offering a real-time indication of current market activity.

值得注意的是，比特币的 LTH 指标包含了一年的购买延迟。因此，LTH 持有量的增加反映了一年前发生的积累。然而，销售没有这种延迟，可以提供当前市场活动的实时指示。

Sales Commenced in January

一月份开始销售

IntoTheBlock's report indicates that seasoned LTHs began selling in January, with a surge in late March. This selling aligns with the historical pattern observed during previous bull runs.

IntoTheBlock 的报告显示，经验丰富的 LTH 从 1 月份开始销售，并在 3 月底出现激增。这种抛售与之前牛市期间观察到的历史模式相符。

Bitcoin's Current Value

比特币的当前价值

At the time of this report, Bitcoin is trading around $64,400, marking a 1% increase over the past week. However, it has experienced a recent dip in price.

截至本报告发布时，比特币交易价格约为 64,400 美元，较过去一周上涨 1%。然而，它最近经历了价格下跌。

Conclusion

结论

The market intelligence provided by IntoTheBlock suggests that the current Bitcoin bull market may not be nearing its conclusion. The recent selloff by Long-Term Holders aligns with historical patterns, implying that the market may still have considerable upside potential. Investors should monitor LTH behavior and other market dynamics to gauge the trajectory of the bull market.

IntoTheBlock 提供的市场情报表明，当前的比特币牛市可能尚未接近尾声。长期持有者最近的抛售与历史模式相符，这意味着市场可能仍具有相当大的上行潜力。投资者应监控 LTH 行为和其他市场动态，以衡量牛市的轨迹。