比特币Rhodl比率最近失去了动力

一位链分析师指出，已实现的HODL（Rhodl）比率指标正在下降，这是比特币可能不阳性的标志。

An on-chain analyst has observed a concerning trend in the Realized HODL (RHODL) Ratio indicator for Bitcoin, suggesting a potential shift away from bullish price action.

一位链分析师观察到了比特币实现的HODL（Rhodl）比率指标的趋势，这表明潜在的转变与看涨的价格行动有关。

In a recent post on X, the analyst, known as Checkmate, delved into the latest developments in the RHODL Ratio of Bitcoin.

在X上的最新文章中，该分析师（被称为Checkmate）深入研究了比特币的Rhodl比率的最新发展。

The "Realized HODL (RHODL) Ratio" is an on-chain metric that calculates the ratio between any two given RHODL wave bands.

“实现的HODL（Rhodl）比率”是一种链度量，可以计算任何两个给定的Rhodl波带之间的比率。

HODL wave bands keep track of the percentage of the total BTC supply that was last moved inside a given age range. The RHODL wave bands are a modified form of these, adding an additional weighting factor: the Realized Value.

HODL波带跟踪上次移动在给定年龄范围内的BTC总供应的百分比。 Rhodl波带是其中的一种修改形式，增加了一个额外的加权因子：已实现的值。

To simplify, the Realized Value is the spot price at which a given token of the cryptocurrency was last transacted on the blockchain. In other words, it's the coin’s current cost basis.

为了简化，实现的值是最后在区块链上进行的加密货币令牌的现货价格。换句话说，这是硬币的当前成本基础。

As the RHODL wave band multiplies this metric with the amount of supply present within a given band, it tells us about the sum of cost bases of coins in that band. When the value of the indicator goes up for any particular band, it means the amount of capital invested into coins falling in the age range is rising.

当Rhodl波带与给定频段中的供应量相乘，它告诉我们该频段中硬币的成本基础的总和。当指标的价值增加了​​任何特定乐队时，这意味着投资于年龄范围内的硬币的资本数量正在上升。

In the context of the current topic, the RHODL Ratio of the 1 week and 1 to 2 years bands is of relevance. Below is the chart shared by the analyst, that shows the trend in this RHODL Ratio over the history of Bitcoin.

在当前主题的背景下，1周的Rhodl比率和1至2年的频段是相关的。以下是分析师共享的图表，该图表显示了该Rhodl比比特币历史的趋势。

As displayed in the above graph, the Bitcoin RHODL Ratio for these wave bands shot up to a high level during the rally beyond $100,000 that took place last year. Such a trend implies the 1 week wave band, which corresponds to the fresh capital coming into the sector, grew large relative to the veteran 1 year to 2 years band.

如上图所示，在拉力赛期间，这些波浪带的比特币Rhodl比率超过了去年的100,000美元。这样的趋势意味着1周的波浪带与进入该行业的新资本相对应，相对于老将1年至2年乐队而变得越来越大。

From the chart, it’s apparent that an extreme rotation of capital into the 1 week wave band has historically coincided with bull run tops for the cryptocurrency’s price.

从图表来看，很明显，资本向1周的波浪带的极端旋转与加密货币的价格相吻合。

Since last year’s peak, the metric has been on the way down, which suggests the new demand for the asset is now slowing down. This is also visible in the momentum oscillator for the indicator attached by the analyst on the bottom, which just dipped into a zone that has played the role of the transition region between bullish and bearish trends in the past.

自去年的山峰以来，该指标一直在下降，这表明对资产的新需求现在正在放缓。这也可以在分析师底部附带的指标的动量振荡器中可见，该指标刚刚浸入了过去在看涨和看跌趋势之间发挥过渡区域的作用的区域。

Considering the historical pattern, this development in the RHODL Ratio is certainly not the best for Bitcoin. It now remains to be seen whether the metric would continue its decline in the coming days, potentially signaling a transition away from a bull market, or if it will bounce back up.

考虑到历史模式，这种发展的比率当然不是比特币的最佳选择。现在，该指标是否会在未来几天继续下降，有可能表明从牛市过渡，还是会反弹。

BTC Price

BTC价格

Bitcoin made a retest of the $98,000 mark earlier today, but it appears the coin ended up finding rejection as its price is now down to $97,000.

比特币对今天早些时候进行了98,000美元的重新测试，但由于其价格现在下降到97,000美元，因此硬币最终发现了拒绝。