比特幣（BTC）價格超過$ 94,000，因為供應量的87％

在加密世界中，某些指標對於評估市場趨勢至關重要。接下來的最重要的是比特幣的“利潤供應”，該比特幣目前供應總額的百分比是未實現的。最近達到87％的人，許多人想知道這是否標誌著欣快階段的開始。加密交易者需要問自己：市場扭轉的可能性有多大？

In the cryptocurrency domain, specific indicators offer valuable insights into market trends. Among the most closely followed is Bitcoin's "Supply in Profit," which indicates the percentage of the total BTC supply held in unrealized gains.

在加密貨幣域中，具體指標為市場趨勢提供了寶貴的見解。最緊隨其後的是比特幣的“利潤供應”，這表明了未實現的BTC供應總額的百分比。

Recently, this indicator crossed the 87% mark, a high level that has sparked discussion, particularly in the context of a possible euphoria phase. As this indicator is often linked to selling pressure, crypto traders may want to assess how likely the market is to reverse.

最近，該指標越過了87％的標記，這是一個高水平的引發討論，尤其是在可能的欣快感階段的背景下。由於該指標通常與銷售壓力有關，因此加密交易者可能希望評估市場逆轉的可能性。

Bitcoin's "Supply in Profit" recently crossed the 87% mark, a high level that bears close observation. This indicator calculates the proportion of the total BTC supply, capped at 21 million, whose purchase price is lower than the current market value. When a majority of the supply is in profit, it can signal strong investor confidence but also a risk of selling to take profits.

比特幣的“利潤供應”最近越過了87％的商標，這是一個高水平的觀察。該指標計算了BTC供應總額的比例，該供應總額為2100萬，其購買價格低於當前的市場價值。當大部分供應量都在獲利時，它會表明投資者強烈的信心，但也有出售利潤的風險。

According to Glassnode, this rise is directly linked to the recent increase in bitcoin prices. The latest market peak saw the indicator rise to 87.3%. Notably, during the last bitcoin rally, at around $94,000, this indicator stood at 82.7%.

根據GlassNode的說法，這種上升與最近的比特幣價格上漲直接相關。最新的市場高峰使指標上升至87.3％。值得注意的是，在最後一次比特幣集會期間，該指標為82.7％。

This means that nearly 5% of the supply purchased during previous peaks has been traded at lower prices in recent weeks.

這意味著，在以前的高峰期購買的供應量的近5％是在最近幾週以較低的價格交易。

This high percentage can be a sign of selling pressure, as investors in profit are often more likely to sell. However, some analysts note that maintaining a high level of “Supply in Profit” can also indicate sustained demand, which supports the price despite sales.

由於利潤的投資者通常更有可能出售，因此這種高百分比可能是銷售壓力的跡象。但是，一些分析師指出，維持高水平的“利潤供應”也可能表明持續需求，儘管銷售額仍支持價格。

The “Supply in Profit” indicator is a valuable tool for understanding market sentiment. When a large portion of investors hold coins in profit, it can signal widespread confidence. However, it can also lead to selling pressure when these same investors decide to realize their profits.

“利潤供應”指標是了解市場情緒的寶貴工具。當大部分投資者將硬幣賺錢時，它可能會表明信心廣泛。但是，當這些同一投資者決定實現其利潤時，這也可能導致銷售壓力。

Indeed, as explained by BGeometrics:

確實，正如Bgeometrics所解釋的那樣：

A strong supply in profit may mean selling pressure is imminent, as investors look to secure their gains.

利潤強勁的供應可能意味著銷售壓力即將到來，因為投資者希望確保自己的收益。

This phenomenon could lead to market consolidation or even a short-term correction. However, this situation is not necessarily negative. If demand remains strong, the indicator can also signal that the market is strong enough to withstand selling pressure without collapsing.

這種現象可能導致市場合併甚至短期糾正。但是，這種情況不一定是負面的。如果需求仍然強勁，指標還可以表明市場足夠強大，可以承受銷售壓力而不會崩潰。

The real selling pressure is not applied by whales or long-term holders, but by retail, mid-sized cohorts (from shrimp to sharks), and short-term holders – a classic shakeout

真正的銷售壓力不是由鯨魚或長期持有人施加的，而是由零售，中型同夥（從蝦到鯊魚）和短期持有人 - 經典的搖擺人

Continuous increases in supply in profit indicate healthy market momentum, but they must be closely monitored. A saturation of the indicator, as seen in the past, could signal that the market has reached a point where selling becomes more likely, potentially leading to a correction or stabilization.

利潤供應的持續增加表明了健康的市場動力，但必須密切監視它們。如前所述，指標的飽和可能表明市場已經達到了銷售可能變得更有可能的地步，有可能導致校正或穩定。

The price of bitcoin remains above $94,800 after briefly breaking past $95,000. This stability despite a high percentage of “Supply in Profit” suggests demand continues to support the price. However, the question remains: can BTC continue to rise without massive profit-taking? Previous euphoria phases showed that rapid selling by investors in profit can sometimes slow down the market.

在短暫折扣95,000美元之後，比特幣的價格仍在94,800美元以上。儘管“利潤供應量”的比例很高，但這種穩定仍表明需求繼續支持價格。但是，問題仍然存在：BTC可以繼續上升而沒有大量獲利？以前的欣快感階段表明，投資者在利潤方面的迅速銷售有時會減慢市場。

According to Glassnode, the “Supply in Profit” indicator has often reached high levels before a correction, but has never sustained the 90% threshold traditionally signaling a phase of euphoria. If bitcoin manages to maintain a high “Supply in Profit” without massive selling, it could extend its rally.

根據GlassNode的說法，“利潤供應”指標在更正前經常達到高水平，但從未維持90％的閾值，傳統上向欣快的階段發出了信號。如果比特幣設法在沒有大規模銷售的情況下維持高“供應利潤”，則可能會延長其集會。

Otherwise, it might enter a phase of consolidation before rising again.

否則，它可能會進入合併階段，然後再再次上升。

Investors should be aware that selling pressure can emerge at any time, especially if the indicator continues to rise. However, as long as demand remains strong, bitcoin could avoid a significant drop, which is a good sign for its short-term future.

投資者應意識到，銷售壓力隨時都會出現，尤其是在指標繼續增加的情況下。但是，只要需求仍然強勁，比特幣就可以避免大幅下降，這是其短期未來的好兆頭。

Bitcoin's rise above $90,000 marked a key milestone. But with 87% of its supply in profit, the question remains: is a correction coming? BTC could see an additional peak if demand stays strong, but the “Supply in Profit” indicator reminds us that profit-taking could be imminent. The market remains tense but promising.

比特幣的上升超過$ 90,000標誌著一個關鍵里程碑。但是，由於其利潤供應的87％，問題仍然存在：更正是糾正嗎？如果需求保持強勁，BTC可能會看到一個額外的峰值，但是“利潤供應”指標提醒我們，利潤可能會迫在眉睫。市場仍然緊張，但很有希望。