誰贏了？ XRP在SOL時閃耀，ETH持有人流血

最近的市場細分將主要加密貨幣的當前價格與2024年12月至2025年1月的欣快買家的成本基礎進行了比較，這是積極積累的關鍵時期。

A recent analysis from Glassnode delves into the mid-term realized prices of major cryptocurrencies, offering a glimpse into the market's condition and highlighting which coins might be in the red.

GlassNode最近的一項分析對中期實現的主要加密貨幣價格進行了研究，從而瞥見了市場狀況，並強調了哪種硬幣可能是紅色的。

The time period in December 2024 to January 2025 saw a surge in buyers, accumulating coins at price points that now determine their individual gains or losses.

2024年12月至2025年1月的時間段看到了買家的激增，以價格點積累了硬幣，這些硬幣現在決定了他們的個人損失或損失。

The analysis focuses on four major coins: Bitcoin, Ethereum, Solana, and XRP. The charts, created by Glassnode, display the realized prices according to the age of the coins.

該分析側重於四個主要硬幣：比特幣，以太坊，Solana和XRP。玻璃節創建的圖表根據硬幣的年齡顯示已實現的價格。

Solana (SOL)

Solana（Sol）

The chart for Solana shows that the majority of coins are currently trading below the 3-to-6-month holders' cost basis, which is highlighted in purple. This suggests that many recent buyers of Solana are "underwater," or holding coins valued lower than their purchase price.

Solana的圖表表明，大多數硬幣目前的交易低於3到6個月的持有人的成本基礎，這在紫色中突出顯示。這表明許多最近的索拉納買家是“水下”，或者持有的硬幣價值低於其購買價格。

The deep red area towards the chart's left showcases the price levels at which coins were last moved during the bear market of 2023.

朝向圖表的深紅色區域展示了在2023年熊市中最後移動硬幣的價格水平。

The price at which the 3-to-6-month coins were realized is around $68, while Solana is currently trading at $48.

3到6個月的硬幣實現的價格約為68美元，而Solana目前的交易價格為48美元。

The analysis notes that typically, price consolidation occurs below these mid-term realized prices, a factor that might indicate market fragility and potential selling pressure. However, if buyers return with strong demand, it could shift the market into a new bull cycle.

分析指出，價格合併通常在這些中期實現的價格以下，這可能表明市場脆弱性和潛在的銷售壓力。但是，如果買家的需求強勁，它可能會將市場轉變為新的牛週期。

XRP

The chart for XRP tells a similar story, with most coins valued below the 3-to-6-month holders' cost basis, which is marked in green.

XRP的圖表講述了一個類似的故事，大多數硬幣的價值低於3到6個月的持有人的成本基礎，該成本標記為綠色。

The deepest red zone on the chart shows the price levels at which coins were last moved during the bear market of 2023. The price at which the 3-to-6-month coins were realized is around $0.42, compared to the current price of $0.34.

圖表上最深的紅色區域顯示了在2023年熊市中最後移動硬幣的價格水平。實現3到6個月的硬幣的價格約為0.42美元，而目前的價格為0.34美元。

The consolidation of the price below these mid-term realized prices might indicate market fragility and potential selling pressure. But if buyers return with strong demand, it could shift the market into a new bull cycle.

價格低於這些中期實現價格的價格的合併可能表明市場脆弱性和潛在的銷售壓力。但是，如果買家的需求強勁，它可能會將市場轉變為新的公牛週期。

Ethereum (ETH)

以太坊（ETH）

The chart for Ethereum highlights the mid-term realized prices in the yellow band, showing that a portion of coins are valued below this level.

以太坊的圖表強調了黃色帶中期實現的價格，表明一部分硬幣的價值低於此水平。

The deepest red zone on the chart shows the price levels at which coins were last moved during the bear market of 2023. The price at which the 3-to-6-month coins were realized is around $2,100, compared to the current price of $1,700.

圖表上最深的紅色區域顯示了在2023年熊市中最後移動硬幣的價格水平。實現3到6個月的硬幣的價格約為2,100美元，而目前的價格為1,700美元。

The consolidation of the price below these mid-term realized prices might indicate market fragility and potential selling pressure. But if buyers return with strong demand, it could shift the market into a new bull cycle.

價格低於這些中期實現價格的價格的合併可能表明市場脆弱性和潛在的銷售壓力。但是，如果買家的需求強勁，它可能會將市場轉變為新的公牛週期。

Bitcoin (BTC)

比特幣（BTC）

The chart for Bitcoin shows that most coins are valued above the 3-to-6-month holders' cost basis, which is highlighted in orange. This suggests that many recent buyers of Bitcoin are in the green.

比特幣的圖表表明，大多數硬幣的價值高於3到6個月的持有人的成本基礎，該成本以橙色突出顯示。這表明，最近的許多比特幣買家處於綠色狀態。

The deepest red zone on the chart shows the price levels at which coins were last moved during the bear market of 2023. The price at which the 3-to-6-month coins were realized is around $9,000, compared to the current price of $10,000.

圖表上最深的紅色區域顯示了在2023年熊市中最後移動硬幣的價格水平。實現3到6個月的硬幣的價格約為9,000美元，而目前的價格為10,000美元。

The consolidation of the price above these mid-term realized prices might indicate market strength and potential buying pressure. But if sellers return with strong demand, it could shift the market into a deeper correction.

價格高於這些中期實現價格的價格的合併可能表明市場實力和潛在的購買壓力。但是，如果賣家需求強勁，它可能會將市場轉化為更深入的更正。

The analysis from Glassnode provides valuable insights into the mid-term realized prices of major cryptocurrencies. These prices are critical levels that could determine the future trajectory of the market.

GlassNode的分析為主要加密貨幣的中期實現價格提供了寶貴的見解。這些價格是可以決定市場未來軌蹟的關鍵水平。

If the price manages to close above these mid-term realized prices with buyers returning in droves, it could signal a shift in the balance of power towards buyers, potentially setting the stage for a new bull cycle. However, if the price continues to consolidate below these levels with sellers returning, it might indicate persistent selling pressure, potentially leading to deeper corrections.

如果價格設法超過了這些中期實現的價格，而買家卻陷入了困境，則可能表明對買家的權力平衡發生了變化，有可能為新的公牛週期奠定基礎。但是，如果價格繼續在賣方返回的情況下鞏固低於這些水平，則可能表明持續的賣出壓力，可能會導致更深的校正。

Only time will tell which scenario will unfold, but the coming months will be crucial in determining the fate of the cryptocurrency market.

只有時間才能說明哪種情況將展開，但是未來幾個月對於確定加密貨幣市場的命運至關重要。