长期比特币投资者坚守，利润大于损失，短期持有者面临损失

尽管短期交易者面临损失，但比特币市场仍保持稳定。长期投资者和比特币持有者继续持有有利可图的头寸

Yerevan (CoinChapter) – Bitcoin’s market stability is being tested as short-term traders experience losses. Despite recent dips, long-term investors and Bitcoin holders are still in profitable positions. However, new traders are contributing to the market pressure with unrealized losses.

埃里温（CoinChapter）——随着短期交易者遭受损失，比特币的市场稳定性正在受到考验。尽管最近出现下跌，但长期投资者和比特币持有者仍然处于有利可图的位置。然而，新交易者的未实现损失给市场带来了压力。

Long-Term Bitcoin Investors Strong as Profits Outpace LossesBitcoin trades at $57,450, down from its all-time high of $73,835 by 22%. According to Glassnode, long-term Bitcoin investors continue to be in a有利可图的位置。 Specifically, the unrealized profit/loss ratio indicates that profits are six times higher than losses. Moreover, this strong financial standing shows that only around 20% of trading days have had a better ratio.

利润超过损失，长期比特币投资者表现强劲比特币交易价格为 57,450 美元，较历史高点 73,835 美元下跌 22%。 Glassnode表示，长期比特币投资者继续处于有利可图的位置。具体来说，未实现盈亏比表明利润是损失的六倍。此外，这种强劲的财务状况表明，只有大约 20% 的交易日拥有更好的比率。

According to analysts, BTC investors are faring well compared to previous bull cycles. The recent downturn has not significantly impacted long-term holders, who have incurred smaller unrealized losses than in past cycles.

分析师表示，与之前的牛市周期相比，比特币投资者的表现良好。最近的经济低迷并未对​​长期持有者产生重大影响，他们的未实现损失比过去的周期要小。

Short-Term Bitcoin Holders in the Red as MVRV Drops Below 1.0Short-term Bitcoin holders (STHs), on the other hand, are facing a tough market. These investors, defined as those who have held Bitcoin for less than 155 days, are currently experiencing unrealized losses. Notably, the short-term holder MVRV ratio has dropped below 1.0, revealing that the majority of newer investors are underwater. This trend follows the aftermath of the FTX collapse in August 2023.

MVRV 跌至 1.0 以下，短期比特币持有者面临亏损另一方面，短期比特币持有者 (STH) 则面临着严峻的市场。这些投资者被定义为持有比特币少于 155 天的投资者，目前正在经历未实现的损失。值得注意的是，短期持有者 MVRV 比率已降至 1.0 以下，这表明大多数新投资者都陷入困境。这一趋势是在 2023 年 8 月 FTX 崩溃之后出现的。

According to Glassnode, all age bands within the STH group are holding losses, with the current STH cost basis at around $62,400. Also, market observers note that unless Bitcoin recovers this level, we could see further pressure on the price. In the meantime, there are growing concerns about the pressure on short-term investors.

据 Glassnode 称，STH 组内的所有年龄段都处于亏损状态，目前 STH 成本基础约为 62,400 美元。此外，市场观察人士指出，除非比特币恢复到这一水平，否则我们可能会看到价格进一步受到压力。与此同时，人们越来越担心短期投资者面临的压力。

Bitcoin trades above the critical $51K level at $58K amid market shiftsAnalysts are keeping a close eye on the $51,000 price point, which is critical for Bitcoin’s market stability. If Bitcoin falls below this level, the market could face additional downward pressure, especially from short-term investors. Glassnode highlights the importance of maintaining this price for the continued upward movement.

在市场变化之际，比特币交易价格突破了 5.1 万美元的关键水平，达到 5.8 万美元。分析师正在密切关注 51,000 美元的价格点，这对于比特币的市场稳定至关重要。如果比特币跌破这一水平，市场可能会面临额外的下行压力，尤其是来自短期投资者的压力。 Glassnode 强调了维持这一价格对于持续上涨的重要性。

At the time of writing, Bitcoin trades at $58,049.06 with a market cap of over $1.14 trillion and a 24-hour trading volume of $36 billion. The circulating supply is 19,749,656 BTC, out of a maximum supply of 21,000,000 BTC. In the past week, Bitcoin’s price shows a decrease of 1.49%, reflecting the recent market shifts.

截至撰写本文时，比特币交易价格为 58,049.06 美元，市值超过 1.14 万亿美元，24 小时交易量为 360 亿美元。流通供应量为 19,749,656 BTC，最大供应量为 21,000,000 BTC。过去一周，比特币价格下跌 1.49%，反映了近期的市场变化。