比特幣二進制CDD尚未與以前的頂部達到同一峰值，這次會有所不同嗎？

在一個隱秘的QuickTake帖子中，一位分析師談到了比特幣二進制CDD的最新趨勢。

On-chain data shows the Bitcoin Binary CDD is yet to reach the same peak as during the last few tops in the cryptocurrency’s price.

鏈上的數據顯示，比特幣二進制CDD尚未達到與加密貨幣價格的最後幾個高峰期間相同的峰值。

30-Day MA Of Bitcoin Binary CDD Is Currently Sitting Around 0.6

比特幣二進制CDD的30天MA目前位於0.6左右

In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in the Binary CDD for Bitcoin. The “Coin Days Destroyed” (CDD) is an on-chain indicator that tracks the total number of ‘coin days’ being destroyed.

在一個隱秘的QuickTake帖子中，一位分析師談到了比特幣二進制CDD的最新趨勢。 “銷毀硬幣日”（CDD）是一個鏈上指標，該指標跟踪被摧毀的“硬幣天數”的總數。

A coin day is a quantity that one token of the cryptocurrency accumulates after having stayed dormant on the blockchain for one day. When a coin that was previously still for some number of days is moved across the network, its coin days counter naturally resets to zero, and the coin days that it had accumulated are said to be ‘destroyed.’

硬幣日是一個加密貨幣的一個令牌在停留在區塊鏈上一天之後積累的。當以前仍然持續一段時間的硬幣在整個網絡上移動時，其硬幣天自然將其重置為零，並且據說它積累的硬幣日被“摧毀”。

Whenever the CDD registers a large spike, it’s a sign that dormant hands on the network are on the move. Generally, the long-term holders only break their silence when they plan to sell, so this kind of trend can be bearish for BTC.

每當CDD記錄一個大尖峰時，這是一個跡象表明網絡上休眠的手正在移動。通常，長期持有人只有在打算出售時就打破沉默，因此這種趨勢對於BTC來說可能是看跌的。

The Binary CDD, the actual indicator of interest in the current discussion, makes it easier to identify whether the current HODLer transaction activity is significant or not when compared to the past.

二進制CDD是當前討論中感興趣的實際指標，它使確定與過去相比，當前的霍德勒交易活動是否顯著。

As its name already suggests, this metric can take on two values: 0 and 1. The Binary CDD is equal to 0 when the CDD is below the historical average and 1 when it’s above.

顧名思義，該指標可以採用兩個值：0和1。當CDD低於歷史平均水平時，二進制CDD等於0，而當CDD高於歷史平均值時。

Now, since the indicator is making a historical comparison, another weighting factor is applied to the CDD: an adjustment with respect to the total circulating supply at the time. This is done because the asset’s supply is going up with time.

現在，由於指標正在進行歷史比較，因此將另一個加權因子應用於CDD：對當時總循環供應的調整。之所以這樣做，是因為資產的供應隨著時間的流逝而增加。

Here is a chart from the analyst that shows the trend in the 30-day moving average (MA) of the Bitcoin Binary CDD over the last few years:

這是分析師的圖表，顯示了過去幾年比特幣二進制CDD的30天移動平均線（MA）的趨勢：

As is visible in the above graph, the 30-day MA Bitcoin Binary CDD has been following an upward trajectory recently, implying long-term holders are potentially becoming more active. The increase in the indicator has come as BTC has started on a fresh rally that has taken its price close to the all-time high (ATH).

如上圖中可見的那樣，最近30天的MA比特幣二進制CDD最近遵循了向上的軌跡，這意味著長期持有人可能會變得更加活躍。指標的增加是因為BTC開始了一次新的集會，該集會的價格接近了歷史最高的高價（ATH）。

While the long-term holders tend to be resolute entities, they do still come out to take their profits during significant price uptrends. As such, the recent trend in the 30-day MA of the Binary CDD may not be too surprising.

儘管長期持有人往往是堅決的實體，但在大幅上漲趨勢中，他們仍然確實會奪取利潤。因此，二進制CDD 30天MA的最新趨勢可能並不太奇怪。

Following the latest continuation to the rise, the metric has hit the 0.60 mark (if the fact that this value is different from the 0 and 1 of the Binary CDD is confusing, consider that this is just an average over 30 days, which would almost always be in-between these two extremes).

在最新延續到達升級之後，該度量達到了0.60的標記（如果該值與二進制CDD的0和1不同的事實令人困惑，請考慮這只是30天以上的平均值，這幾乎總是在這兩個極端之間存在）。

As the analyst has highlighted in the chart, this value is still below the 0.80 level that the indicator breached during both the rally highs from last year, as well as during the euphoria phase of the 2021 bull run.

正如分析師在圖表中突出的那樣，該值仍低於指標在去年的拉力賽高點以及2021年公牛運行的欣快階段的0.80水平。

Given this pattern, it’s possible that the current Bitcoin rally could still have room to grow, at least from the perspective of HODLer distribution.

鑑於這種模式，至少從霍德勒分佈的角度來看，當前的比特幣集會可能仍然有生長的空間。

BTC Price

BTC價格

At the time of writing, Bitcoin is trading at around $102,300, registering an increase of over 3% in the seven days.

在撰寫本文時，比特幣的交易價格約為102,300美元，在7天內增長了3％以上。