比特幣（BTC）摘要集會高於$ 105K的觸發器，增加了長期持有人的利潤（LTHS）

比特幣的簡短集會高於心理$ 105,000的價格，其長期持有人（LTH）的活動增加了。

Bitcoin (BTC) price is in the last leg of a correction after a brief rally above the psychological $105,000 mark triggered increased activity among its long-term holders (LTHs).

比特幣（BTC）的價格是更正的最後一站，因為短暫的$ 105,000馬克觸發了長期持有人（LTHS）的活動增加。

According to on-chain data, there is a notable spike in realized profits within this group over the past few days.

根據鏈上的數據，在過去幾天內，該組中實現的利潤有一個顯著的峰值。

This trend suggests that many LTH investors are beginning to take advantage of the sharp price gains by selling coins at a profit.

這種趨勢表明，許多第一位投資者開始通過獲利出售硬幣來利用巨大的價格上漲。

BTC Long-Term Investors Increase Profit-Taking

BTC長期投資者增加了獲利

In a new report, CryptoQuant analyst Carmelo Alemán noted that BTC LTHs—investors who have held their coins for over 150 days—have significantly increased their profit-taking in recent weeks, according to on-chain data.

根據鏈接數據，加密分析師CarmeloAlemán指出，持有硬幣超過150天的投資者BTC LTHS在最近幾週內已大大提高了其利潤。

Alemán found that BTC’s Long-Term Holder Spent Output Profit Ratio (LTH-SOPR), which measures whether investors who have held a particular asset for over twelve months are in profit or not, reached a yearly low of 1.32 on March 12.

Alemán發現BTC的長期持有人支出的產出利潤率（LTH-SOPR）衡量了持有特定資產超過十二個月的投資者是否有利潤，在3月12日的年度低點為1.32。

However, as market sentiment improved, it steadily climbed to reach 2.274 by May 13. According to Alemán, this marks a 71.33% increase in realized profits over two months, suggesting that coins spent by LTHs are being sold at much higher profit margins than earlier in the year.

但是，隨著市場情緒的改善，到5月13日，它穩步上升到2.274。

As of this writing, the metric stands at 1.612.

在撰寫本文時，公制為1.612。

“This suggests that LTHs are beginning to capitalize on their accumulated gains, possibly in anticipation of future corrections or in response to an overall improvement in market sentiment. This profit-taking could be key to understanding upcoming price movements, as historically, these periods have preceded significant price fluctuations in Bitcoin,” the analyst noted.

“這表明，LTHS開始利用其累積的收益，可能是因為預期未來的更正或回應市場情緒的總體改善。這種盈利可能是理解即將到來的價格變動的關鍵，因為從歷史上看，這些時期之前已經在比特幣中顯著價格波動，”分析師說。

According to the analyst, spikes in BTC’s LTH-SOPR have coincided with distribution phases, where seasoned investors begin selling their holdings ahead of potential downturns. However, “the market is still far from its cycle peak.”

根據分析師的說法，BTC第LTH-SOPR的SPIKES與分銷階段相吻合，經驗豐富的投資者開始在潛在的低迷之前出售其持股。但是，“市場距離其周期峰值仍然很遠。”

One may attribute this to BTC’s persistent positive funding rate. This stands at 0.0025% at press time, signaling a high demand for long positions among futures market participants.

人們可能會將其歸因於BTC的持續積極融資率。發稿時為0.0025％，這表明對期貨市場參與者的長位置的需求很高。

A positive funding rate like this means that traders holding long positions (betting the price will rise) are paying a fee to those holding short positions, indicating bullish sentiment in the BTC market.

像這樣的正面融資率意味著，持有較長職位的交易者（下注價格將上漲）正在向那些擔任短期職位的人支付費用，表明在BTC市場中表明了看漲的情緒。