长期的SOL持有人担心 - 购买信号？

在3月21日在X平台上的一篇文章中，著名的加密分析师阿里·马丁内斯（Ali Martinez）表示，长期的Sol持有者现在感到恐惧。

The price action of Solana (CRYPTO: SOL) has been quite underwhelming over the past week, reflecting the worsening climate of the altcoin market. Interestingly, the launch of the SOL futures exchange-traded funds (ETFs) during the week did very little to jolt the altcoin’s price back to life.

在过去的一周中，索拉纳（Crypto：Sol）的价格行动一直令人不知所措，这反映了Altcoin市场的恶化。有趣的是，在本周内推出了Sol Futures交易所交易贸易资金（ETF），对Altcoin的价格恢复了生命几乎没有震撼。

Following the severe price downturn that hit the market, including the Solana token, investors were left wondering when it was best to "buy the dip." The latest on-chain observation suggests that it might finally be time for investors to get back into the SOL market.

在包括Solana代币在内的市场上的严重价格下滑之后，投资者想知道什么时候最好是“购买蘸酱”。最新的链链观察表明，投资者最终可能是回到SOL市场的时候了。

SOL Long-Term Investors Fearful – A Buy Signal?

SOL长期投资者担心 - 买信号？

In a March 21 post on the X platform, prominent crypto analyst Ali Martinez said long-term SOL holders are now in fear. The relevant on-chain indicator here is the "Long-Term Holder Net Unrealized Profit/Loss (NUPL)" metric, which measures the difference between market cap and realized cap divided by market cap. This indicator provides insight into the ratio of long-term investors in profit at every given time.

在3月21日在X平台上的一篇文章中，著名的加密分析师阿里·马丁内斯（Ali Martinez）表示，长期的Sol持有者现在感到恐惧。这里相关的链上指标是“长期持有人净未实现的盈利/损失（NUPL）”度量，该指标衡量了市值和已实现的上限之间的差额除以市值。该指标可深入了解每个给定时间的长期投资者利润的比率。

A NUPL value greater than zero indicates that more investors are in profit, while a less-than-zero reading implies that more investors are in the red than those in profit.

NUPL的值大于零，这表明更多的投资者正在获利，而零的阅读量则意味着，投资者的投资者比盈利的投资者更多。

Although an upward trend for the metric suggests that more coins are beginning to enter profit, it also means that more investors are inclined to take profit — leading to increased bearish pressure. On the other hand, a falling NUPL value indicates investors' reduced willingness to realize loss, resulting in reduced selling pressure.

尽管该指标的上升趋势表明，更多的硬币开始获利，但这也意味着更多的投资者倾向于获利 - 导致看跌压力增加。另一方面，NUPL值下降表明投资者的意愿减少了损失的意愿，从而减轻了销售压力。

As shown in the chart above, long-term Solana investors are now in fear, as the NUPL metric slipped beneath the 0.25 mark. According to earlier logic, this class of SOL holders is less likely to sell their assets and realize their losses, signaling less bearish pressure for the altcoin.

如上图所示，现在长期的索拉纳投资者在恐惧中感到恐惧，因为NUPL度量标准在0.25下方。根据较早的逻辑，这类溶胶持有人不太可能出售其资产并实现其损失，这表明对Altcoin的看跌压力较小。

Moreover, Martinez noted that "smart money" investors have always shown a willingness to enter the market during periods like this. "Be greedy when others are fearful," the analyst said about the strategy.

此外，马丁内斯（Martinez）指出，“聪明”的投资者始终表现出在这样的时期进入市场的意愿。分析师谈到策略时说：“当别人恐惧时要贪婪。”

Historically, the crypto market tends to move in the crowd’s opposite direction. Hence, it might be time to "buy the dip," especially with the long-term investors currently skeptical about the promise of the Solana token.

从历史上看，加密市场往往会朝着人群相反的方向发展。因此，可能是时候“购买蘸酱”了，尤其是对目前对Solana代币承诺的长期投资者的态度。

Solana Price At A Glance

一目了然

At the time of writing, the price of SOL sits just beneath the $130 level, reflecting a 0.4% decline in the past 24 hours. According to CoinGecko data, the altcoin’s value has dropped by almost 5% in the past week.

在写作时，SOL的价格位于130美元以下，反映了过去24小时内下降0.4％。根据Coingecko数据，在过去一周中，Altcoin的价值下降了近5％。