钥匙比特币（BTC）指标表明了潜在的变化

钥匙比特币（BTC）指标表明，BTC的长期持有人实现了其位置的潜在转变

A key Bitcoin (BTC) metric signaled a potential shift in its positioning as BTC’s long-term holder realized cap (LTH Realized Cap) surpassed $18 billion for the first time since September 2024.

自2024年9月以来，BTC的长期持有人实现的CAP（LTH实现的上限）首次超过180亿美元，其定位的潜在转变表明，其位置可能发生了可能的转变。

Data from CryptoQuant showed that this cohort had been aggressively accumulating, which previously signaled the BTC bottom in Q3 2024. The LTH realized cap tracks the BTC cost basis of investors holding their allocation for 155 days or more. A sharp increase in this metric would suggest that these long-term holders are in an accumulation phase, which is typically bullish.

来自CryptoQuant的数据表明，该队列一直在积极积累，此前曾在第32204季度表示BTC底部。Lth实现了CAP跟踪BTC的成本基础的BTC成本基础，这是投资者持有155天或更长时间的投资者。该指标的急剧增加表明，这些长期持有人处于累积阶段，通常是看好的。

Bitcoin LTH net position realized cap. Source: CryptoQuant

比特币LTH净位置实现了上限。资料来源：加密

As seen in the chart above, a spike in this metric usually precedes bullish rallies. Most recently, the LTH realized cap reached $18 billion on Sept. 8, 2024, after which Bitcoin registered 100% returns over the next few months.

如上图所示，该指标的尖峰通常是看涨的集会。最近，第三章在2024年9月8日实现了180亿美元，此后比特币在接下来的几个月中获得了100％的回报。

Another key confluence that matches the current bottom setup with September 2024 is the significant drop in open interest. BTC’s OI reached an all-time high of $39 billion in July but dropped by 25% by September. Similarly, Bitcoin’s open interest dropped 28% between Dec. 18 and April 8,

与2024年9月的当前底部设置相匹配的另一个关键汇合处是开放兴趣的显着下降。 BTC的OI在7月达到了390亿美元的历史最高点，但到9月下降了25％。同样，比特币的开放兴趣在12月18日至4月8日之间下降了28％，

Bitcoin open interest. Source: CoinGlass

比特币开放兴趣。资料来源：小店

The concurrent rise in LTH Realized Cap and a leverage wipeout strongly support the likelihood of a Bitcoin price bottom. However, Bitcoin’s open interest has surged by nearly 10% in the past 24 hours, suggesting that the price action following this spike could offer better directional bias in the coming days.

LTH的同时增加实现了上限，并且杠杆消灭强烈支持了比特币价格底部的可能性。但是，在过去的24小时内，比特币的开放兴趣飙升了近10％，这表明此峰值之后的价格动作可能会在未来几天提供更好的方向性偏见。

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

本文不包含投资建议或建议。每个投资和交易举动都涉及风险，读者在做出决定时应进行自己的研究。