富达的报告强调了一个令人着迷的趋势：比比特币更多地进入了“古代供应”，而不是被开采，这表明长期信念。这对未来意味着什么？

Ancient Bitcoin's Grip: Supply Squeeze & Fidelity's Deep Dive

古代比特币的握力：供应挤压与富达的深度潜水

Alright, crypto enthusiasts, listen up! Something wild is happening in the Bitcoin world. More and more coins are going into hibernation, becoming part of what's called the 'ancient supply.' Fidelity Digital Assets just dropped a report, and it's got everyone talking. Basically, these coins haven't moved in over a decade, and now they're outpacing the rate at which new Bitcoins are being mined. Buckle up, because this could seriously shake things up.

好吧，加密爱好者，听！比特币界正在发生狂野的事情。越来越多的硬币进入冬眠，成为所谓的“古代供应”的一部分。富达数字资产刚刚放弃了一份报告，这让每个人都在谈论。基本上，这些硬币还没有搬入十多年，现在它们超过了开采新比特币的速度。扣紧，因为这可能会严重动摇。

What's This 'Ancient Supply' Buzz All About?

这种“古老的供应”的嗡嗡声是什么？

So, what exactly is 'ancient supply'? We're talking about Bitcoins that haven't budged for 10 years or more. According to Fidelity's report, as of June 8th, a whopping 17% of all Bitcoin falls into this category. That's like a third of all Bitcoins! And get this: since the 2024 halving, the number of coins entering this ancient state is consistently higher than the number of new coins being mined each day.

那么，“古代供应”到底是什么？我们正在谈论的是10年或更长时间以来没有生气的比特币。根据富达的报告，截至6月8日，所有比特币中有17％属于这一类别。这就像所有比特币的三分之一！并明白：自2024年减半以来，进入这种古老状态的硬币数量始终高于每天开采的新硬币数量。

Think about it: scarcity is Bitcoin's superpower. If more coins are being locked away for the long haul, that means there are fewer available for trading, potentially driving up the price. It's like finding a vintage record – the fewer copies there are, the more valuable it becomes.

考虑一下：稀缺是比特币的超级大国。如果长期以来将更多的硬币锁定，那意味着可以更少的交易可用，可能会提高价格。这就像找到复古记录一样 - 副本越少，它就越有价值。

Fidelity's HODL Rate: A New Metric to Watch

富达的hodl率：一个新的指标

To keep tabs on this trend, Fidelity's cooked up a clever metric called the 'ancient supply HODL rate.' It basically measures how many coins are hitting that 10-year mark each day, factoring in new Bitcoin issuance. This rate went positive back in April 2024 and hasn't looked back, confirming this long-term supply shift.

为了保持这一趋势，富达烹饪了一个名为“古代供应hodl速率”的聪明指标。它基本上衡量了每天有多少硬币敲打这10年的硬币，并考虑了新的比特币发行。这一速度在2024年4月呈正增长，还没有回头，证实了这种长期供应转变。

Long-Term Holders Are Digging In

长期持有人正在挖掘

Despite the rising value of Bitcoin, these long-term holders aren't cashing out. They're HODLing on for dear life! Fidelity projects that ancient supply could reach 20% of total Bitcoin by 2028 and potentially even 25% by 2034. And if you throw in public companies holding Bitcoin, we could be looking at 30% by 2035. That's a whole lotta Bitcoin going into deep storage.

尽管比特币的价值上升，但这些长期持有人仍未兑现。他们为亲爱的生活而努力！ Fidelity项目，到2028年，古代供应可能会达到总比特币的20％，到2034年甚至可能达到25％。如果您投入持有比特币的上市公司，到2035年，我们可能会看到30％。这是整个Lotta Bitcoin进入深层存储空间。

Institutional Players Enter the Game

机构玩家进入游戏

Speaking of public companies, as of June 8th, there are 27 of them holding over 800,000 BTC combined! This growing institutional presence is a major factor. These companies aren't just dabbling; they're making serious long-term investments, further tightening the supply and giving long-term holders even more influence.

说到上市公司，截至6月8日，其中有27个持有80万BTC的总和！这种日益增长的机构存在是一个主要因素。这些公司不仅涉足；他们正在进行认真的长期投资，进一步收紧供应，并为长期持有人提供更大的影响力。

A Word of Caution: The Post-Election Wobble

注意事项：选举后摇摆

Now, it's not all sunshine and rainbows. Fidelity's report also notes that following the 2024 U.S. election, ancient supply actually declined on 10% of days – nearly four times higher than the historical average. This suggests some long-term holders might have been spooked by the election results and decided to cash out. But hey, even the most dedicated HODLers need to pay the bills sometimes.

现在，这并不是全部阳光和彩虹。富达的报告还指出，在2024年美国大选之后，古代供应实际上在10％的天数下降，几乎是历史平均水平的四倍。这表明某些长期持有人可能会因选举结果而震惊，并决定兑现。但是，嘿，即使是最敬业的霍德尔人，有时也需要支付账单。

My Two Satoshis

我的两个satoshis

Look, it's easy to get caught up in the hype, but I think this 'ancient supply' trend is worth paying attention to. It suggests that more and more people are seeing Bitcoin as a long-term store of value, not just a speculative asset. This could lead to increased stability and maturity in the Bitcoin market. Of course, nobody has a crystal ball, and the crypto world is known for its surprises. But if Fidelity's projections hold true, we could be looking at a future where a significant chunk of Bitcoin is locked away for good, potentially sending prices soaring.

看，很容易陷入炒作，但我认为这种“古老的供应”趋势值得关注。这表明越来越多的人将比特币视为一种长期价值存储，而不仅仅是投机性资产。这可能导致比特币市场的稳定性和成熟度提高。当然，没有人有水晶球，而加密世界以其惊喜而闻名。但是，如果Fidelity的预测成立，我们可能会寻找一个未来，其中很大一部分比特币被锁定为好的，有可能寄出价格飞涨。

So, What's Next?

那么，下一步是什么？

Keep an eye on that 'ancient supply HODL rate,' folks! It's going to be a key indicator of where Bitcoin is headed. And remember, whether you're a seasoned HODLer or a newbie just dipping your toes in the crypto waters, always do your own research and never invest more than you can afford to lose. Now, go forth and conquer the crypto world… responsibly!

伙计们，请密切关注“古老的供应hodl速度”！这将是比特币前进的关键指标。请记住，无论您是经验丰富的霍德勒还是新手，只是将脚趾浸入加密货币水域，始终进行自己的研究，而且从不投资超过您负担得起的损失。现在，出去征服加密世界……负责任！