比特幣短期持有人SOPR可能會提供有關何時退出的提示

一位加密的作者已經討論了比特幣短期持有人如何提供有關何時退出的提示。

An analyst at CryptoQuant has discussed how the Bitcoin short-term holder Spent Output Profit Ratio (SOPR) may provide hints about when it may be time to accumulate and distribute (exit) the cryptocurrency.

CryptoQuant的一位分析師討論了比特幣短期持有人花費的產出利潤率（SOPR）如何提供有關何時積累和分發（退出）加密貨幣的提示。

Short-Term Holders And Their Impact

短期持有人及其影響

In a recent Quicktake post, the analyst explained that there are two main sides to the Bitcoin market: the short-term holders (STHs) and the long-term holders (LTHs). The STHs are credited with holding BTC for 155 days or less, while the LTHs are those who purchased their coins over a year ago.

分析師在最近的《 QuickTake》帖子中解釋說，比特幣市場有兩個主要方面：短期持有人（STH）和長期持有人（LTHS）。 STH被認為持有BTC 155天或更短的時間，而LTHS是一年多以前購買硬幣的人。

The STHs are usually more reactive to market events, which is why their indicators and metrics tend to change more rapidly.

STH通常對市場事件更具反應性，這就是為什麼它們的指標和指標傾向於更快地變化的原因。

One such indicator is the Spent Output Profit Ratio (SOPR), which tells us about whether the investors are selling their coins at a profit or loss.

一個這樣的指標是用過的產出利潤率（SOPR），它告訴我們投資者是否以利潤或損失出售硬幣。

The SOPR determines this by looking at the transaction history of each wallet taking part in a sell transaction to see what price it received its coins at. If the previous price is lower than the current spot price, then the transaction is classified as a profit sale. Transactions where this is not the case are considered to be loss-taking.

SOPR通過查看每個錢包的交易歷史記錄參加賣出交易來決定這一點，以查看其收到的硬幣的價格。如果以前的價格低於當前的價格，則交易被歸類為利潤出售。沒有這種情況的交易被認為是損失的。

Whenever the value of the indicator is greater than 1, it means the holders as a whole are realizing a net amount of profit. Conversely, it being under the mark suggests the dominance of capital loss.

每當指標的價值大於1時，這意味著持有人整體上都在實現淨利潤。相反，它在標記之下表明資本損失的主導地位。

Here is a chart that shows the trend in the Bitcoin SOPR specifically for the STHs over the last few years:

這是一張圖表，顯示了過去幾年專門針對STH的比特幣SOPR的趨勢：

As is clear from the above graph, the analyst has highlighted two zones for the indicator. The lower zone, shaded in green, corresponds to a notable degree of loss-taking from the STHs. According to the quant, it’s usually a good time to start accumulating Bitcoin whenever the STHs are displaying this behavior.

從上圖可以明顯看出，分析師突出了指標的兩個區域。綠色陰影的下部區域對應於STH的顯著損失程度。根據量化，每當STH顯示此行為時，通常是開始積累比特幣的好時機。

Similarly, the red zone, which corresponds to profit-taking from this cohort, could represent an opportunity to distribute the cryptocurrency.

同樣，與從該隊列獲利的利潤相對應的紅色區域可能代表了分發加密貨幣的機會。

It’s worth noting that neither of these zones perfectly capture tops and bottoms in BTC’s price, so the analyst recommends only performing gradual selling and buying when the indicator enters the respective regions.

值得注意的是，這些區域均未完美地捕獲BTC價格的上衣和底部，因此分析師建議在指標進入各個地區時僅進行逐漸銷售和購買。

During the lows earlier in the year, the STH SOPR dipped into the green zone, implying this group was showing capitulation. With the recent price rally, the metric has recovered back above the 1 mark, but so far, it hasn’t yet broken into the red area.

在今年早些時候的低谷期間，STH SOPR浸入了綠色區域，這意味著該組顯示了投降。隨著最近的價格集會，該指標恢復了1大關，但到目前為止，尚未破壞紅色區域。

As such, at least going by this indicator, the time to start distributing Bitcoin may not be here yet.

因此，至少通過此指標，開始分發比特幣的時間可能還不在這裡。

BTC Price

BTC價格

Bitcoin has made recovery of more than 10% in the past week as its price has now crossed the $104,000 mark.

由於其價格已經超過了104,000美元，比特幣在過去一周中恢復了10％以上。

The post Bitcoin Short-Term Holder SOPR May Provide Indication For Accumulation, Distribution- CryptoQuant appeared first on CryptoQuant.

比特幣後的短期持有人SOPR可能會提供積累的指示，分佈 - 加密量首先出現在加密量上。