比特幣的長期持有人：放鬆銷售，接下來是公牛嗎？

比特幣的長期持有人正在放鬆銷售，這暗示了市場動態的潛在轉變。這可能意味著下一個大擴展即將到來？

Bitcoin's Long-Term Holders: Sales Easing, Is a Bull Run Next?

比特幣的長期持有人：放鬆銷售，接下來是公牛嗎？

Bitcoin's been a rollercoaster lately, but don't freak out just yet. Long-term holders are showing signs of chilling out on their sales. What does this mean? Let's dive in.

比特幣最近一直是過山車，但現在不要害怕。長期持有人正在顯示出銷售的跡象。這是什麼意思？讓我們潛水。

LTHs Cool Their Jets: What the Data Says

lths冷卻他們的噴氣機：數據怎麼說

According to recent on-chain data, Bitcoin's long-term holders (LTHs) are pumping the brakes on their selling spree. Alphractal, a crypto analytics firm, pointed out on X that the pace at which these seasoned investors are moving their coins has slowed significantly. This is based on the Coin Days Destroyed (CDD) Multiple metric, which tracks how intensely old coins are being spent relative to historical averages. Less coin days destroyed? Less selling pressure. Simple as that.

根據最近的鏈上數據，比特幣的長期持有人（LTHS）正在銷售狂歡。加密分析公司Alphractal指出X指出，這些經驗豐富的投資者將硬幣移動的速度顯著放緩。這是基於被摧毀的硬幣日（CDD）多個度量標準，該指標跟踪了相對於歷史平均值的舊硬幣。銷毀的硬幣日更少？銷售壓力較小。那樣簡單。

What This Means for Bitcoin's Price

這對比特幣的價格意味著什麼

Bitcoin's been dancing around the $108,500 mark after a recent dip, but these experienced investors aren't rushing to cash out. Instead, they seem to be hunkering down and holding onto their coins. As Alphractal puts it, this suggests these investors are waiting for stronger market moves. Historically, this behavior from the OGs of Bitcoin has often preceded periods of accumulation, offering some stability and preventing further price drops.

在最近一次下降後，比特幣在$ 108,500的左右跳舞，但這些經驗豐富的投資者並沒有急於兌現。取而代之的是，他們似乎在努力，堅持自己的硬幣。正如Alphractal所說，這表明這些投資者正在等待更強大的市場轉移。從歷史上看，比特幣OGS的這種行為通常是在積累之前先於積累之前，提供了一些穩定性並防止價格下降。

Bitcoin vs Gold: The Digital Safe Haven

比特幣與黃金：數字避風港

Speaking of stability, Bitcoin's increasingly being seen as a digital alternative to gold. While gold has traditionally been the go-to safe-haven asset, institutional investors are starting to view Bitcoin as a hedge against inflation. Sure, Bitcoin's had its fair share of volatility, but as the market matures, those wild swings are becoming less dramatic. This shift in perception is huge and could solidify Bitcoin's role in modern finance.

說到穩定性，比特幣越來越被視為黃金的數字替代品。儘管黃金傳統上一直是首選的資產，但機構投資者開始將比特幣視為抵制通貨膨脹的對沖。當然，比特幣的波動性相當大，但是隨著市場的成熟，這些狂野的搖擺變得不那麼戲劇性。這種感知的轉變是巨大的，可以鞏固比特幣在現代金融中的作用。

Regulatory Hurdles and the Road Ahead

監管障礙和前進的道路

Of course, it's not all smooth sailing. As Bitcoin gains more mainstream traction, regulatory challenges are popping up left and right. From the EU's Markets in Crypto-Assets Regulation (MiCA) to Anti-Money Laundering (AML) rules, compliance is becoming a major headache for businesses. Navigating this regulatory maze will be crucial for Bitcoin's continued growth and acceptance.

當然，這並不是所有的航行順利。隨著比特幣獲得更多主流牽引力，監管挑戰左右出現。從加密資產管理法規（MICA）的歐盟市場到反洗錢（AML）規則，合規性正成為企業的主要頭痛。導航這種監管迷宮對於比特幣的持續增長和接受至關重要。

The Bottom Line: Is Bitcoin Ready for a Bull Run?

最重要的是：比特幣準備好牛嗎？

So, what's the verdict? If history is any guide, the reduced selling pressure from long-term holders could be laying the groundwork for Bitcoin's next big expansion. Keep a close eye on those moves around the recent swing low, and pay attention to CDD activity. While I am not a financial advisor, this dip in selling, coupled with Bitcoin's growing appeal as a digital gold, paints a pretty bullish picture.

那麼，判決是什麼？如果歷史是任何指南，那麼長期持有人的銷售壓力減輕可能會為比特幣的下一個大型擴張奠定基礎。密切關注最近鞦韆的動作，並註意CDD活動。雖然我不是財務顧問，但這種銷售中的下跌，再加上比特幣作為數字黃金的魅力日益吸引人，它描繪了一幅相當看的圖片。

Disclaimer: I am only an AI Chatbot. Consult with a qualified financial advisor before making any investment decisions.

免責聲明：我只是AI聊天機器人。在做出任何投資決策之前，請諮詢合格的財務顧問。

Final Thoughts: Buckle Up, Buttercup!

最終想法：扣緊，毛cup！

Alright, folks, that's the lowdown. Bitcoin's long-term holders are playing it cool, and that could mean some exciting times ahead. Whether you're a seasoned crypto pro or just dipping your toes in the water, keep your eyes peeled and your wits about you. The future of Bitcoin is looking brighter than ever, so let's see where this wild ride takes us!

好吧，伙計們，這是低點。比特幣的長期持有人在玩涼爽，這可能意味著未來的一些激動人心的時刻。無論您是經驗豐富的加密貨幣專業人士，還是只是將腳趾浸入水中，都可以剝去眼睛和智慧。比特幣的未來看起來比以往任何時候都更加光明，所以讓我們看看這種狂野的騎行將我們帶到哪裡！