比特幣（BTC）投資者已經意識到高於基準的每小時17％

鍊鍊分析公司GlassNode的一份報告透露，比特幣投資者最近如何意識到比基線高出17％的利潤。

Bitcoin (BTC) investors have recently been realizing an hourly profit 17% above the baseline, on-chain analytics firm Glassnode revealed in its latest weekly report.

鏈分析公司GlassNode在其最新的每週報告中透露，比特幣（BTC）投資者最近意識到比基線高17％。

This profit-taking activity has seen the Bitcoin Realized Profit soar to $139 million per hour, nearly reaching the levels last seen during the peak of the 2021 bull rally.

這項利潤活動已經使比特幣實現了每小時的利潤飆升至1.39億美元，幾乎達到了2021年公牛集會高峰期間的最後水平。

At this rate, the investors are realizing profit at a faster pace than what the market can easily absorb, rendering it an interesting data point to keep an eye on.

以這種速度，投資者正在以比市場輕鬆吸收的速度更快地實現利潤，這使其成為一個有趣的數據點，以關注。

As seen in the above graph, the Bitcoin Realized Profit has shot up rapidly in recent times. This increase in the indicator has arrived as BTC has been recovering rapidly from the lows of June 15, rendering it appear that the investors have been keen to cash in on the recovery.

如上圖所示，比特幣意識到利潤近來迅速迅速漲幅。該指標的增加已經到來，因為BTC從6月15日的低谷中迅速恢復，這使得投資者渴望獲得回收率。

The indicator has now reached a peak rate of $139 million per hour, which is about 17% higher than the baseline value of $120 million per hour. While this level isn’t too high when compared to the profit-taking sprees from the last bull rally (highlighted in green), it’s still notable, especially when considering how much lower it has been during the last couple of months.

該指標現已達到每小時1.39億美元的峰值利率，比基線價值高約1.2億美元。儘管與上一頭公牛集會（以綠色突出顯示）相比，該水平不太高，但它仍然值得注意，尤其是當考慮到過去幾個月中它的水平降低了多少。

“If the market can absorb this selling pressure without breaking down, it paints a more constructive picture on the road ahead,” notes Glassnode. “Conversely, failure to hold these levels, under heavy profit realization, could mark this move as another dead cat bounce, which would be consistent with prior relief rallies that faded under similar conditions.”

GlassNode指出：“如果市場可以吸收這種銷售壓力而不會破裂，它將在前方的道路上畫出更具建設性的畫面。” “相反，未能在大量利潤實現下保持這些水平，這可能標誌著這一舉動是另一隻死的貓反彈，這與先前在類似條件下消失的救濟集會是一致的。”

This profit-taking activity seems to be coming mostly from the short-term holder cohort, according to data from the analytics firm.

根據分析公司的數據，這種利潤活動似乎主要來自短期持有人隊列。

The short-term holders (STHs) are the BTC investors who purchased their coins within the past 155 days. In contrast, the long-term holders (LTHs) are those who bought their coins more than 155 days ago.

短期持有人（STHS）是BTC投資者，他們在過去155天內購買了硬幣。相比之下，長期持有人（LTHS）是155天以上購買硬幣的人。

Now, take a look at the chart for the Spent Output Profit Ratio (SOPR):

現在，查看支出產出利率（SOPR）的圖表：

The SOPR is an indicator that measures the ratio between the realized profit and the realized loss. When the SOPR is above the 1.0 mark, it suggests that profit-taking is outweighing loss-taking, and vice versa.

SOPR是一個指標，該指標可以衡量已實現的利潤與已實現損失之間的比率。當Sopr高於1.0大關時，這表明獲利的損失超過了損失，反之亦然。

In the above graph, the STH SOPR is shown in blue, while the LTH SOPR is shown in gray. As is clear from the chart, the STH SOPR has seen a sustained move above the 1.0 mark recently.

在上圖中，STH SOPR以藍色顯示，而LTH SOPR以灰色顯示。從圖表可以明顯看出，STH SOPR最近在1.0大關上持續持續移動。

This move into profit-taking territory comes after several months of STH SOPR remaining below the 1.0 mark, which suggests that these investors were collectively reporting a loss on their coins.

在幾個月的STH SOPR保持在1.0大關以下的STH SOPR之後，這一轉移到了獲利領土上，這表明這些投資者正在共同報告其硬幣損失。

However, the LTH SOPR has remained above the 1.0 mark throughout most of 2024 so far, which is a testament to the fact that these investors have largely remained in profit.

但是，迄今為止，第LTH SOPR在2024年的大部分時間裡一直保持高於1.0大關，這證明了這些投資者在很大程度上仍然是利潤。