比特幣（BTC）短期持有人意識到利潤最近已經上漲

這家鏈上分析公司GlassNode在其最新的每週報告中談到了比特幣短期持有人最近的盈利狂潮。

On-chain analytics firm Glassnode has launched a fresh report highlighting a significant uptick in profit-taking activity from Bitcoin short-term holders (STHs) over the past month.

On-Chain Analytics公司GlassNode發起了一份新的報告，重點介紹了過去一個月比特幣短期持有人（STH）的獲利活動的顯著增長。

Short-term holders, defined as those who bought their coins within the past 155 days, are generally viewed as a more fickle part of the market that tends to react more quickly to events. This makes them likely to engage in profit-taking as the recent rally, which has seen the asset rise to a new all-time high (ATH), progresses.

短期持有人被定義為在過去155天內購買硬幣的人，通常被視為市場的更加善變的部分，傾向於對事件的反應更快。這使他們有可能隨著最近的集會而從事盈利，這使資產上升到了新的歷史最高水平（ATH）。

One indicator that can be useful for gauging the selling reaction to rallies from this cohort is the “Realized Profit.” This metric works by examining the transfer history of each coin being sold by STHs to determine the price at which they initially acquired it.

一個指標對於從該隊列中對集會的銷售反應很有用的指標是“已實現的利潤”。該指標通過檢查STH出售的每個硬幣的轉移歷史記錄來確定他們最初獲得的代價。

If this cost basis is lower than the spot price at which they are selling, then the coin’s sale is considered to be leading to the realization of some net profit, which is naturally equal to the difference between the two prices. Realized Profit sums up this value for all profit transactions to arrive at the total for STHs as a whole.

如果此成本基礎低於他們出售的現貨價格，那麼硬幣的銷售被認為是導致實現某些淨利潤的，這自然等於兩個價格之間的差額。實現的利潤總結了所有利潤交易的價值，以達到整個STH的總數。

Now, in its latest weekly report, Glassnode showcased the trend in the Bitcoin STH Realized Profit over the last few months.

現在，在其最新的每週報告中，GlassNode展示了比特幣STH的趨勢，在過去幾個月中實現了利潤。

The STH Realized Profit has remained at elevated levels throughout the past month, as members of this cohort predictably took part in profit-taking. So far, this cohort has harvested around $11.6 billion in gains since the start of the selloff.

STH意識到，過去一個月的利潤仍然處於較高的水平，因為該隊列的成員可以預見地參與了利潤。到目前為止，自賣空開始以來，該隊列的收穫約為116億美元。

“For comparison, over the previous 30d period, only $1.2B of profit was realized, underscoring how drastic the rebound in new investor sentiment and spending behavior has been,” the firm noted.

該公司指出：“為了進行比較，在過去的30天裡，只有$ 1.2B的利潤實現了，強調了新投資者情緒和支出行為的反彈的劇烈反彈。”

While this profit-taking spree has been large, it is still lower than the highs seen in late 2024. It now remains to be seen whether the Bitcoin STH Realized Profit would expand further in the coming days and if it does, whether incoming demand will be able to handle the selling pressure.

儘管這種盈利的狂歡很大，但仍低於2024年底的高點。現在，比特幣STH實現的利潤是否會在未來幾天進一步擴大，如果確實如此，是否能夠應對銷售壓力。