成功的$ 10萬美元的休息可能會打開價格發現的道路：玻璃節

在最近展示了積極的勢頭之後，比特幣恢復到六位數的估值的價格一直是加密貨幣市場上最受歡迎的敘述。

In a recent post on X, blockchain analytics firm Glassnode shed light on the behavior of Bitcoin (BTC) long-term holders (LTH) and how it could impact the flagship cryptocurrency’s price trajectory in the coming days.

在有關X的最新文章中，區塊鏈分析公司的玻璃節目闡明了比特幣（BTC）長期持有人（LTH）的行為，以及它如何影響旗艦加密貨幣在未來幾天的價格軌跡。

Long-term holders are defined as investors who have not moved their coins for more than 155 days. According to the latest on-chain data, LTHs have been in an accumulation phase, with over 254,000 BTC aging beyond 155 days since the recent price low.

長期持有人被定義為投資者，他們在155天以上沒有移動硬幣。根據最新的鍊鍊數據，LTHS處於累積階段，自最近價格低下以上的155天以上，超過254,000 BTC的老化。

Most of these investors purchased their coins above the $95,000 price level, Glassnode added.

GlassNode補充說，這些投資者中的大多數都購買了高於95,000美元的價格水平的硬幣。

As the total supply held by LTHs increases, it indicates that their spending has remained minimal and light, even amid bearish pressure and uncertain market conditions over the past month. This positive trend signals renewed confidence and the LTHs’ lack of interest in reducing their exposure in the market.

隨著LTHS持有的總供應量的增加，這表明他們的支出在過去一個月中的壓力和不確定的市場狀況中也保持最低和光明。這種積極的趨勢標誌著增強了信心，LTHS缺乏減少其市場曝光率的興趣。

However, LTHs typically begin distributing their coins around 350% unrealized profit margins, which corresponds with a Bitcoin price of roughly $99,900. As the BTC price edges closer to this level, we might see heightened sell-side pressure.

但是，LTH通常開始將其硬幣分配約350％未實現的利潤率，這與比特幣價格約為99,900美元。隨著BTC價格越來越接近此水平，我們可能會看到賣方壓力加劇。

Moreover, a large portion of coins was purchased within the $95,000 – $98,000 zone, forming a supply barrier. The Bitcoin price could experience significant downward pressure if investors with cost bases within this range decide to exit at breakeven or after realizing minimal profit.

此外，在$ 95,000 - 98,000美元的區域內購買了大部分硬幣，形成了供應障礙。如果具有成本基礎在此範圍內的投資者決定退出以收支平衡或實現最低利潤後退出，則比特幣價格可能會遇到巨大的向下壓力。

This potential sell-side pressure from the large BTC supply in the $95,000 – $98,000 region, as well as from LTHs distributing their coins around the $99,900 level, creates a major resistance barrier.

這種潛在的賣方壓力來自BTC大型供應，在95,000美元至98,000美元的地區，以及LTHS在99,900美元左右分配硬幣的銷售端壓力，造成了主要的阻力障礙。

Nevertheless, a successful breach of the $100,000 mark could open the path for price discovery, considering the minimal coin supply above this price point.

儘管如此，考慮到該價格高於此價格的最小硬幣供應，成功違反了100,000美元的商標可能會為價格發現的道路開闢道路。