比特幣的市場有進一步加強的證據

比特幣的市場有進一步加強的證據，因為其總市值接近20.5萬億美元。目前，加密貨幣的交易價格超過每枚硬幣103,000美元，這是一個重要的里程碑。

Bitcoin’s market has evidence of further strengthening, as its total market capitalization is approaching $2.05 trillion. Currently, the cryptocurrency is being traded for over $103,000 per coin, setting an important milestone. Based on the recent data of the analytical platform Santiment, there are three major groups of BTC’s supply that tend to emphasize its distribution between retail investors, institutions, and liquidity providers.

比特幣的市場有進一步加強的證據，因為其總市值接近20.5萬億美元。目前，加密貨幣的交易價格超過每枚硬幣103,000美元，這是一個重要的里程碑。根據分析平台的最新數據，BTC供應的三個主要組往往會強調其在零售投資者，機構和流動性提供商之間的分佈。

The breakdown of Bitcoin’s total supply shows high concentration into the hands of institutional and liquidity investors. The retail investors who have less than 10 BTC hold 3.47 million coins, representing 17.5% of the supply. On the other hand, the institutional holders have 13.5 million BTC (68% of the supply) between 10 to 10,000 BTC. Aggregate liquidity providers are holding 2.87 million BTC, which is almost 14.5% of the total supply, for more than 10,000 BTC.

比特幣總供應量的細分顯示出高度集中在機構和流動性投資者的手中。不到10 BTC的零售投資者持有347萬硬幣，佔供應量的17.5％。另一方面，機構持有人在10至10,000 BTC之間有1350萬BTC（佔供應量的68％）。總流動性提供商持有287萬BTC，佔總供應量的近14.5％，超過10,000 BTC。

Bitcoin Realized Cap Growth

比特幣實現了上限增長

Glassnode, a top on-chain analytics platform, also posted highlights on BTC’s Realized Cap, which has spectacularly risen by close to $30 billion since April, after a period of stagnation. This increase, which is increasing at an incremental rate of about 3% a month, indicates an improvement in capital flows into the market. This growth, however, is still lower than the aggressive accumulation that was observed in the months of November and December, 2024, when the price of Bitcoin stood at $93,000.

GlassNode是頂級鏈分析平台，他還發布了BTC已實現的帽子的亮點，自4月停滯以來，自4月以來，它的上升幅度近300億美元。這種增加的增長速度約為每月3％，這表明資本流入市場的提高。然而，這種增長仍然低於2024年11月和12月的幾個月，當時比特幣的價格為93,000美元。

Source: X

來源：X

Although slower than the 8% seen at the end of 2024, this steady rise in Realized Cap suggests a continued belief among the investors and new capital entering the market. Analysts are keen for a better future for BTC despite the slower rate of growth, as new investments are still being made in it.

儘管比2024年底的8％要慢，但實現的CAP的穩定上升表明，投資者和新資本進入市場的信念持續。儘管增長速度較慢，但​​分析師仍熱衷於BTC的美好未來，因為在其中仍在進行新的投資。

Bullish BTC Market Dynamics

看漲BTC市場動態

Additionally, the bullish sentiment was enforced by Glassnode reporting high change in BTC market dynamics. The 7-day simple moving average (SMA) of Bitcoin’s Spot Volume Delta also went positive and peaked at almost $5 billion on May 13. This flush of net spot buyer demand shows resolute conviction in the spot market, proving that both institutional and retail investors have driven BTC’s uptrend beyond the crucial $100,000 resistance level.

此外，玻璃節報導BTC市場動態變化很大，看漲的情緒是強制執行的。 5月13日，比特幣現貨數量達美比特幣現場數量達美的7天簡單移動平均線（SMA）也達到了近50億美元的高峰。這種淨現貨購買者需求表明，在現貨市場上有堅決的信念，證明了機構和零售投資者都使BTC的上升趨勢超過了100,000美元的抵制水平。

Source: Glassnode

來源：玻璃節

Although the growth of the Realized Cap is still below its past highs, the market sentiment is extremely bullish. While Bitcoin continues to gain retail and institutional demand, the price continues to look good for further increases, indicating that the bullish trend is here to stay for some time.

儘管已實現的上限的增長仍低於其過去的高潮，但市場情緒非常看好。儘管比特幣繼續增加零售和機構需求，但價格仍然可以進一步提高，這表明看漲趨勢將在這裡持續一段時間。