比特幣（BTC）投資者已經意識到每小時利潤高於基準：報告

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。

This is a press release by Glassnode.

這是玻璃節的新聞發布。

On-chain analytics firm Glassnode has a new report highlighting how Bitcoin investors have been seen realizing an hourly profit of 17% above the baseline, according to the latest weekly report by Glassnode.

根據GlassNode的最新每週報告，On-Chain Analytics公司GlassNode有一份新的報告，該報告強調了比特幣投資者如何意識到比基線的每小時17％的利潤。

The crypto analytics firm adds that the role of this selling pressure in the current market recovery is an interesting one to follow.

加密分析公司補充說，這種銷售壓力在當前市場回收中的作用是一個有趣的遵循。

The report further delves into the recent trend in the Realized Profit of Bitcoin. This on-chain indicator measures the total amount of profit that BTC investors realize through their selling activity.

該報告進一步研究了比特幣實現利潤的最新趨勢。該鏈上的指標衡量了BTC投資者通過銷售活動所意識到的利潤總數。

The indicator is calculated by looking at the transaction history of each coin being transferred or sold on the Bitcoin blockchain to ascertain the price at which it was previously moved. Coins sold at a price lower than the latest spot value are assumed to be resulting in profit realization, equal to the difference between the two prices.

該指標是通過查看在比特幣區塊鏈上轉移或出售的每個硬幣的交易歷史記錄來計算的，以確定先前移動的價格。假定以低於最新現貨價值的價格出售的硬幣是導致利潤實現的，等於兩個價格之間的差額。

This profit is then summed up for each token being sold at a profit to accrue the network total, which is measured by the Bitcoin Realized Profit. A similar indicator, Realized Loss, tracks the sales of the opposite type.

然後，將這筆利潤概括為每個代幣都以利潤出售以累積網絡總數，這是通過比特幣實現的利潤來衡量的。類似的指標（已實現的損失）跟踪相反類型的銷售。

Here is the chart for the hourly Bitcoin Realized Profit shared by the analytics firm in the report:The above graph shows the Bitcoin Realized Profit in 7-day MA, with key levels highlighted. The levels are:

這是分析公司在報告中分享的每小時比特幣實現的利潤的圖表：上圖顯示了比特幣在7天MA中實現的利潤，重點介紹了密鑰水平。級別是：

$120 million per hour (baseline value)

每小時1.2億美元（基線價值）

$139 million per hour (maximum reached on July 10th)

每小時1.39億美元（7月10日最多達到）

$250-300 million per hour (typical levels during March 2023 profit-taking spree)

每小時250-3億美元（2023年3月的典型水平盈利狂潮）

$500 million per hour and above (implied by the 2021 bull market peaks)

每小時及以上5億美元（由2021牛市峰暗示）

The report further states that the Bitcoin Realized Profit has spiked recently, as the crypto showcases strength in the market.

該報告進一步指出，比特幣已經意識到利潤最近已經飆升，因為加密貨幣展示了市場上的實力。

Its recovery rally has seen investors capitalize on the opportunity, pushing the hourly profit to levels not seen since the last bull rally, which is highlighted in green in the chart.

它的恢復集會使投資者利用了這一機會，將每小時的利潤推向了自上次公牛集會以來從未見過的水平，該集會在圖表中以綠色強調。

So far, the indicator has hit a peak of $139 million per hour, which is about 17% higher than the baseline value of $120 million per hour.

到目前為止，該指標達到了每小時1.39億美元的高峰，比基線價值高約1.2億美元。

While this level isn’t too high when compared to the profit-taking sprees from the last bull rally, it’s still notable, especially when considering how much lower it has been during the last couple of months.

儘管與上一個公牛集會的獲利率相比，這個水平並不高，但它仍然值得注意，尤其是在考慮過去幾個月中它降低多少時。

“If the market can absorb this selling pressure without breaking down, it paints a more constructive picture on the road ahead. 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,” adds the firm.

“如果市場能夠吸收這種銷售壓力而不會破裂，它會在前進的道路上描繪出更具建設性的畫面。相反，在大量的利潤實現下未能保持這些水平，這可能標誌著這一舉動是另一個死貓彈跳，這與以前在類似條件下褪色的救濟集會是一致的。”

As for which side of the Bitcoin market is involved in this profit-taking event, the data suggests it’s the short-term holder cohort.

至於比特幣市場的哪一方涉及這項利潤事件，數據表明這是短期持有人隊列。

Short-term holders (STHs) are those who purchased their BTC coins within the past 155 days.

短期持有人（STH）是在過去155天內購買了BTC硬幣的人。

Here is a chart that shows the trend in the Spent Output Profit Ratio (SOPR), a metric that measures the ratio of Realized Profit to Realized Loss, for the STH cohort:The chart shows the 7-day MA of the STH Spent Output Profit Ratio (SOPR), highlighting a sustained move above the 1.0 mark.

這是一張圖表，顯示了用過的產出利潤率（SOPR）的趨勢，該指標衡量了已實現的利潤與已實現損失的比率，對於STH隊列：該圖表顯示了STH支出的產出利潤率（SOPR）的7天MA（SOPR），強調了持續的移動持續移動。

The analysis firm concludes that the STH SOPR has seen a sustained move above the 1.0 mark, which signals that profit-taking is now notably outpacing loss-taking from these investors.

分析公司得出的結論是，STH SOPR的持續移動超過了1.0大關，這表明利潤的現在顯著超過了這些投資者的損失。