根據此鏈指標，比特幣（BTC）有更多的運行空間，分析公司GlassNode相信

著名的鏈上分析公司GlassNode認為，根據一個鍊鍊指標，比特幣（BTC）有更多的空間可以延伸到上行空間。

Prominent on-chain analytics firm Glassnode is keeping a close watch on one particular on-chain indicator, which they say could propel Bitcoin (BTC) further into the green.

突出的鏈上分析公司玻璃節點正在密切關註一個特定的鍊鍊指標，他們說這可以將比特幣（BTC）進一步推向綠色。

Via the social media platform X, the analytics firm highlights BTC’s Realized Cap, which logs the price at which each coin was last moved and aims to gauge how many holders are in profit or at a loss.

通過社交媒體平台X，該分析公司重點介紹了BTC已實現的上限，該公司登錄了每枚硬幣上一次移動的價格，並旨在衡量有多少持有者是有利可圖或損失的。

“Realized Cap tracks net capital inflows into Bitcoin, a key driver of bull markets. So far, it has grown 2.1x from the 2022 low – below the 5.7x peak of the last cycle. The typical euphoric phase sees a sharp acceleration, but this hasn’t fully materialized yet.”

“實現的上限將淨資本流入淨幣，這是牛市的主要驅動力比特幣。到目前為止，它已經從2022低點 - 低於上一個週期的5.7倍峰值增長了2.1倍。典型的欣快階段看到了急劇的加速，但這尚未完全實現。”

Glassnode also points out that Bitcoin’s current cycle seems to be mirroring its 2015-2018 bull cycle, which was largely driven by spot market buyers.

GlassNode還指出，比特幣的當前週期似乎正在反映其2015-2018公牛週期，這在很大程度上是由現貨市場購買者驅動的。

“Despite a much larger market cap, pullbacks have rarely exceeded -25%, reflecting strong demand, ETF (exchange-traded fund) inflows, and Bitcoin’s role as a macro asset.”

“儘管市值更大，但回調很少超過-25％，反映了強勁的需求，ETF（交易所交易基金）流入以及比特幣作為宏觀資產的作用。”

According to the analytics firm, when new demand comes into the picture, price action tends to accelerate in a “second euphoric phase.”

根據分析公司的說法，當新需求進入圖片時，價格行動往往會在“第二個欣快階段”中加速。

“Prior cycles saw explosive growth, though a 100x rally from the low – like in 2015 – is unlikely at today’s scale. If demand strengthens, there may still be room for further expansion.”

“以前的周期看到了爆炸性的增長，儘管與2015年的低點相比，在今天的規模上不太可能。如果需求加強，可能仍然有進一步擴展的空間。”

BTC is trading at $101,807 at press time. The number one crypto asset by market cap is down over 3.5% in the past 24 hours.

BTC在發稿時的交易價格為101,807美元。在過去的24小時內，劃分的第一加密資產下降了3.5％。

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X, Facebook and Telegram Surf The Daily Hodl Mix

不要錯過節拍 - 訂閱以獲取直接發送給您的收件箱支票價格動作的電子郵件警報在X，Facebook和Telegram上關注我們每日HODL MIX

Generated Image: Midjourney

生成的圖像：Midjourney