比特幣的眼睛記錄高度，因為短期持有人為集會加油

在進行了積極的多周集會之後，比特幣徘徊在103,000美元之後，因為市場的眼睛潛在的突破超過其109,000美元的歷史最高水平。

Bitcoin is trading in a pivotal zone of support, with short-term holders now entering profit territory, according to on-chain data from CryptoQuant.

根據CryptoQuant的鍊鍊數據，比特幣正在關鍵的支持區域進行交易，現在短期持有人進入利潤領域。

After slicing through major resistance levels at $90K and $100K, the top cryptocurrency is currently consolidating between $100K and $101K. This support zone has so far held firm, with dip buyers stepping in.

在將主要阻力水平切成$ 90K和10萬美元之後，最高的加密貨幣目前的合併在$ 10.1萬美元至10.1萬美元之間。該支持區到目前為止一直保持堅定，而傾銷買家介入。

As the cryptocurrency edges closer to its all-time high of $109,000, set back in March 2023, the focus is now turning to whether BTC can sustain its current level and mount a new push higher.

隨著加密貨幣的邊緣更接近其歷史最高的109,000美元，落後於2023年3月，重點現在轉向BTC是否可以維持其當前水平並將新的推動力更高。

Short-term holders in profit territory

利潤領域的短期持有人

On-chain data reveals that short-term holders (STH) re-entered profit territory when Bitcoin reclaimed $99K on May 8. Since then, the STH Spent Output Profit Ratio (SOPR) has remained above 1, a signal that these participants are selling at a profit—typically a sign of growing market confidence.

鏈上的數據表明，當比特幣在5月8日回收99K時，短期持有人（STH）重新輸入利潤領域。此後，STH支出的產出利潤率（SOPR）仍然超過1，這表明這些參與者正在以利潤出售 - 典型地表現出增長的市場信心。

However, analysts caution that as SOPR approaches 1.03, the risk of increased profit-taking rises. While some selling is expected, the trend so far appears healthy, with restrained activity among holders and no signs of panic.

但是，分析師警告說，隨著SOPR接近1.03，增加利潤增加的風險。雖然預計有些銷售，但到目前為止的趨勢看起來很健康，持有人之間的活動受到限制，沒有恐慌跡象。

CryptoQuant contributor Darkfost notes the market is “just getting warmed up,” suggesting further upside may be possible if BTC can defend its current range and push for a new high.

加密貢獻者Darkfost指出，市場“只是在變暖”，這表明，如果BTC可以捍衛其當前範圍並推動新的高潮，則可能會進一步上升。

💫 Since May 8th, STH have finally moved back into profit territory as $BTC crossed above $99 000.

💫自5月8日以來，隨著$ BTC超過$ 99 000的價格，STH終於回到了利潤領域。

°Their SOPR (Spent Output Profit Ratio) has been above 1 since that date, indicating that they are selling at a profit.

°自該日期以來，他們的SOPR（用過的產出利潤率）已超過1，表明他們正在以利潤出售。

💡— It’s important to understand that short-term holders (STH) are defined as entities that hold coins for less than 180 days. As such, they are typically less patient and more likely to be driven by short-term price trends. In contrast, long-term holders (LTH) are defined as entities that hold coins for 180 days or longer and tend to be more patient and less sensitive to short-term price fluctuations.

💡-重要的是要了解短期持有人（STH）被定義為持有少於180天的硬幣的實體。因此，它們通常較少耐心，更有可能受到短期價格趨勢的驅動。相比之下，長期持有人（LTH）被定義為持有硬幣180天或更長時間的實體，並且往往更耐心，對短期價格波動更敏感。

As STH SOPR rises above 1, it signals that, on average, STHs are selling their coins at a higher price than they bought them for, which can be interpreted as a sign of market confidence. However, as the ratio approaches 1.03, there is a greater chance of STHs taking profits, which could lead to a decrease in the price of bitcoin. Despite this, the fact that STH are calmly selling their coins in a narrow range and there are no signs of panic selling suggests that the trend may continue for some time yet.

隨著STH SOPR上升到1以上，這表明STH平均以比他們購買的更高的價格出售硬幣，這可以解釋為市場信心的標誌。但是，隨著比率接近1.03的比率，STH的利潤更大的機會可能會導致比特幣價格下降。儘管如此，STH在狹窄的範圍內平靜地出售其硬幣這一事實，並且沒有恐慌銷售的跡象表明，這種趨勢可能會持續一段時間。

The altcoin market is also beginning to heat up, which could create even more demand for bitcoin and fuel further price increases.

Altcoin市場也開始升溫，這可能會產生對比特幣的更多需求，並推動進一步的價格上漲。

The next move by bitcoin will be pivotal for the broader cryptocurrency market in the coming weeks.

在接下來的幾週內，比特幣的下一步將是更廣泛的加密貨幣市場的關鍵。