標題：一個關鍵指標達到前所未有的級別，比特幣（BTC）集會到新的歷史最高點。

最新的拉力賽將比特幣（BTC）發送到新的歷史最高點，這表現出很大的力量，因為一個關鍵指標達到前所未有的水平

The latest rally pushing Bitcoin (BTC) to new all-time highs is displaying a lot of strength as one key metric reaches unprecedented levels, according to digital asset analytics firm Glassnode.

根據數字資產分析公司GlassNode的數據，最新的拉力賽將比特幣（BTC）推向了新的歷史最高高點，它具有很大的力量，因為一個關鍵指標達到了前所未有的水平。

Glassnode says that Bitcoin’s Realized Cap, which records the price at which each coin was last moved and aims to gauge how many holders are in profit or at a loss, is hitting a new all-time high.

GlassNode說，比特幣的實現帽子記錄了每枚硬幣上一次移動的價格，並旨在衡量有多少持有人的盈利或虧損，這是一個新的歷史最高水平。

“Strength in the digital asset market remains robust with Bitcoin continuing to consolidate just beneath its all-time high of $109,000. The elevation in price has raised the profitability of the vast majority of market investors, with many seizing the opportunity to lock in profits. As a result, capital inflows have increased markedly, pushing the Realized Cap above $900 billion for the first time, a historic milestone that underscores the depth of liquidity in the market.”

“數字資產市場的實力仍然堅固，比特幣繼續鞏固其歷史最高高價109,000美元。價格上漲提高了絕大多數市場投資者的盈利能力，許多人奪取了將利潤鎖定的機會。結果，資本流入率顯著增長，將實現的股票超過900億美元推動了一流的企業，這是一定的居民，該公司是一定的居民，該公司的股票占有一致的企業，該公司的股票占有一席之地，該公司的股票效率是居住的居民。

Glassnode adds that Short-Term Holders (STHs), those entities that have held their coins for less than 155 days, have been selling at massive profits in the last month, while Bitcoin is absorbing the selling pressure.

GlassNode補充說，短期持有人（STH）是那些持有硬幣不到155天的實體，在上個月以大量利潤出售，而比特幣則吸收了銷售壓力。

“For the Short-Term Holders, the improvement in their portfolio values has directly translated into a notable increase in spending activity, with the cohort realizing over $11.4 billion of profit across the last month.”

“對於短期持有人來說，其投資組合價值的提高已直接轉化為支出活動的顯著增加，同時在過去一個月中實現了超過114億美元的利潤。”

Glassnode reports on the social media platform X that ever since Bitcoin plummeted to a local low of around $74,000 in early April, the market value to realized value (MVRV) metric - which gauges the market’s sentiment and valuation of a crypto asset - has seen a huge increase for both STHs and Long-Term Holders (LTHs).

GlassNode在社交媒體平台X上的報導X上報告了4月初比特幣的當地低點，大約74,000美元，實現價值的市場價值（MVRV）度量標準（衡量了Crypto資產的估值） - STH和長期持有人（LTHS）都大幅增長。

A rising MVRV means "holders are sitting on more unrealized profit - boosting confidence and reducing sell pressure," according to the analytics firm.

分析公司稱，MVRV的上升意味著“持有人坐在更不實現的利潤中 - 提高信心並減少賣出壓力”。

“Since the $74,000 low:

“由於$ 74,000低：

. Profitability is up across the board, boosting confidence and supporting the rally.”

。盈利能力全面提高，增強了信心並支持集會。 ”

Bitcoin hit a new all-time high on Wednesday, briefly surging past $110,000 for the first time in its history.

比特幣在周三的歷史最高水平上達到了新的高潮，其歷史上首次飆升了110,000美元。

The world’s favorite cryptocurrency has since pulled back slightly, trading at $109,686 at time of writing. It is still up 2.6% over the last 24 hours.

此後，世界上最喜歡的加密貨幣略有退縮，寫作時的交易價格為109,686美元。在過去的24小時內仍增長2.6％。