儘管達到了新的歷史最高水平，但出售的比特幣數量下降了

GlassNode報告說，即使比特幣達到了新的歷史最高水平，但出售的利潤仍下降了。比特幣在2025年5月有史以來高漲的利潤僅為10億美元

Glassnode's latest data reveals that despite Bitcoin hitting a new all-time high, the amount being sold for profit has dropped.

GlassNode的最新數據表明，儘管比特幣達到了新的歷史最高水平，但出售的利潤卻下降了。

At the May 2025 all-time high, Bitcoin’s profit-taking was only $1 billion, compared to over $2 billion in December 2024. Investors’ behavior is different now, even when the price of Bitcoin goes up.

在2025年5月的歷史最高水平上，比特幣的獲利僅為10億美元，而2024年12月12日，比特幣超過20億美元。即使比特幣的價格上漲，投資者的行為現在也有所不同。

In short:🔹 Realized profits are lower in magnitude

簡而言之：🔹實現的利潤幅度較低

🔹 Long-term holders are holding out

🔹長期持有人堅持不懈

🔹 Short-term traders are driving the market

🔹短期交易者正在推動市場

This combination may signal continued bullish expectations from less speculative BTC investors.

這種組合可能表明，投機性BTC投資者的持續看漲期望。

The data shows a significant shift in Bitcoin’s coin age distribution. As of May 2025, 76.9% of Bitcoins are less than one month old, a sharp increase from 44.6% in December 2024. Meanwhile, coins older than six months have become less active, dropping to 13.4% in May 2025 from 24.7% in December 2024. This suggests short-term traders are dominating the market.

數據顯示了比特幣硬幣年齡分佈的重大變化。截至截至2025年5月，比特幣的76.9％少於一個月大，比2024年12月的44.6％急劇增長。與此同時，六個月以上的硬幣已經降低了活躍，2025年5月從2024年12月的24.7％下降到13.4％。這表明短期交易者在市場上佔據了統治地位。

New Traders Power BTC’s Rise

新貿易商Power BTC的崛起

Newer traders seem to be taking the lead, while those holding for a long time have become less active. Those who bought crypto for the long term are probably holding their coins as they expect the market to rise further. As the market booms, traders who only hold assets briefly have the most impact, rather than long-term investors.

較新的商人似乎正在領導領先，而長期以來持有的人則變得不那麼活躍。那些長期購買加密貨幣的人可能會持有硬幣，因為他們預計市場將進一步上升。隨著市場蓬勃發展，僅持有資產的交易者會產生最大的影響，而不是長期投資者。

Traders in the short term normally trade more and tend to earn less profit. Although they create short-lived difficulties, their actions help Bitcoin’s price grow, giving bulls an advantage. As trading patterns shift, the rise of Bitcoin may depend on fewer speculative investments and more long-term holding.

交易者在短期內通常會更加交易，並且往往會賺取更少的利潤。儘管他們造成了短暫的困難，但他們的行動有助於比特幣的價格提高，從而使公牛有優勢。隨著交易模式的變化，比特幣的上升可能取決於投機性投資的較少和長期持有。

Bitcoin’s Rise Could Shift Focus to Altcoins

比特幣的崛起可能會將重點轉移到altcoins

Analyst Michael van de Poppe stated that when Bitcoin reaches $100,000+, investors often feel they missed the best chance to make big profits. As a result, they turn their attention from Bitcoin to other altcoins, believing they can help them gain greater benefits in the future. The analyst explained that this trend is impacting the market, most obviously because of Bitcoin’s recent increase in price. When Bitcoin achieves new records, it could make altcoins the main players in the market.

分析師邁克爾·范德·波普（Michael Van de Poppe）表示，當比特幣達到100,000美元以上時，投資者經常感到他們錯過了賺大利潤的最佳機會。結果，他們將注意力從比特幣轉移到其他山寨幣，認為他們可以幫助他們在將來獲得更大的收益。分析師解釋說，這種趨勢正在影響市場，最明顯是因為比特幣最近的價格上漲。當比特幣獲得新的記錄時，它可能會使Altcoins成為市場上的主要參與者。

People won't be buying #Bitcoin.They'll think 'Bitcoin is already at $100k+, I won't be rich by simply buying Bitcoin'.

人們不會購買＃比特幣。他們會認為'比特幣已經以10萬美元的價格+，我不會僅僅購買比特幣就會變得富有。

That's when they turn towards #Altcoins to allocate their money to.

那是他們轉向#altcoins分配金錢的時候。

This period.

這個時期。

As of press time, BTC is trading at $111,545.64, up by 4.24% over the past day. While Bitcoin sets new record prices, people are not selling in large numbers. More attention on altcoins could threaten Bitcoin’s top position in the cryptocurrency sector when the market shifts.

截至發稿時，BTC的交易價格為111,545.64美元，在過去的一天中增長了4.24％。儘管比特幣設定了新的創紀錄價格，但人們並沒有大量銷售。當市場發生變化時，人們對替代幣的更多關注可能威脅到比特幣在加密貨幣行業中的最高位置。

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