比特币（BTC）投资者已经意识到高于基准的每小时17％

链链分析公司GlassNode的一份报告透露，比特币投资者最近如何意识到比基线高出17％的利润。

Bitcoin (BTC) investors have recently been realizing an hourly profit 17% above the baseline, on-chain analytics firm Glassnode revealed in its latest weekly report.

链分析公司GlassNode在其最新的每周报告中透露，比特币（BTC）投资者最近意识到比基线高17％。

This profit-taking activity has seen the Bitcoin Realized Profit soar to $139 million per hour, nearly reaching the levels last seen during the peak of the 2021 bull rally.

这项利润活动已经使比特币实现了每小时的利润飙升至1.39亿美元，几乎达到了2021年公牛集会高峰期间的最后水平。

At this rate, the investors are realizing profit at a faster pace than what the market can easily absorb, rendering it an interesting data point to keep an eye on.

以这种速度，投资者正在以比市场轻松吸收的速度更快地实现利润，这使其成为一个有趣的数据点，以关注。

As seen in the above graph, the Bitcoin Realized Profit has shot up rapidly in recent times. This increase in the indicator has arrived as BTC has been recovering rapidly from the lows of June 15, rendering it appear that the investors have been keen to cash in on the recovery.

如上图所示，比特币意识到利润近来迅速迅速涨幅。该指标的增加已经到来，因为BTC从6月15日的低谷中迅速恢复，这使得投资者渴望获得回收率。

The indicator has now reached a peak rate of $139 million per hour, which is about 17% higher than the baseline value of $120 million per hour. While this level isn’t too high when compared to the profit-taking sprees from the last bull rally (highlighted in green), it’s still notable, especially when considering how much lower it has been during the last couple of months.

该指标现已达到每小时1.39亿美元的峰值利率，比基线价值高约1.2亿美元。尽管与上一头公牛集会（以绿色突出显示）相比，该水平不太高，但它仍然值得注意，尤其是当考虑到过去几个月中它的水平降低了多少。

“If the market can absorb this selling pressure without breaking down, it paints a more constructive picture on the road ahead,” notes Glassnode. “Conversely, failure to hold these levels, under heavy profit realization, could mark this move as another dead cat bounce, which would be consistent with prior relief rallies that faded under similar conditions.”

GlassNode指出：“如果市场可以吸收这种销售压力而不会破裂，它将在前方的道路上画出更具建设性的画面。” “相反，未能在大量利润实现下保持这些水平，这可能标志着这一举动是另一只死的猫反弹，这与先前在类似条件下消失的救济集会是一致的。”

This profit-taking activity seems to be coming mostly from the short-term holder cohort, according to data from the analytics firm.

根据分析公司的数据，这种利润活动似乎主要来自短期持有人队列。

The short-term holders (STHs) are the BTC investors who purchased their coins within the past 155 days. In contrast, the long-term holders (LTHs) are those who bought their coins more than 155 days ago.

短期持有人（STHS）是BTC投资者，他们在过去155天内购买了硬币。相比之下，长期持有人（LTHS）是155天以上购买硬币的人。

Now, take a look at the chart for the Spent Output Profit Ratio (SOPR):

现在，查看支出产出利率（SOPR）的图表：

The SOPR is an indicator that measures the ratio between the realized profit and the realized loss. When the SOPR is above the 1.0 mark, it suggests that profit-taking is outweighing loss-taking, and vice versa.

SOPR是一个指标，该指标可以衡量已实现的利润与已实现损失之间的比率。当Sopr高于1.0大关时，这表明获利的损失超过了损失，反之亦然。

In the above graph, the STH SOPR is shown in blue, while the LTH SOPR is shown in gray. As is clear from the chart, the STH SOPR has seen a sustained move above the 1.0 mark recently.

在上图中，STH SOPR以蓝色显示，而LTH SOPR以灰色显示。从图表可以明显看出，STH SOPR最近在1.0大关上持续持续移动。

This move into profit-taking territory comes after several months of STH SOPR remaining below the 1.0 mark, which suggests that these investors were collectively reporting a loss on their coins.

在几个月的STH SOPR保持在1.0大关以下的STH SOPR之后，这一转移到了获利领土上，这表明这些投资者正在共同报告其硬币损失。

However, the LTH SOPR has remained above the 1.0 mark throughout most of 2024 so far, which is a testament to the fact that these investors have largely remained in profit.

但是，迄今为止，第LTH SOPR在2024年的大部分时间里一直保持高于1.0大关，这证明了这些投资者在很大程度上仍然是利润。