比特币（BTC）投资者已经意识到每小时利润高于基准：报告

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。

This is a press release by Glassnode.

这是玻璃节的新闻发布。

On-chain analytics firm Glassnode has a new report highlighting how Bitcoin investors have been seen realizing an hourly profit of 17% above the baseline, according to the latest weekly report by Glassnode.

根据GlassNode的最新每周报告，On-Chain Analytics公司GlassNode有一份新的报告，该报告强调了比特币投资者如何意识到比基线的每小时17％的利润。

The crypto analytics firm adds that the role of this selling pressure in the current market recovery is an interesting one to follow.

加密分析公司补充说，这种销售压力在当前市场回收中的作用是一个有趣的遵循。

The report further delves into the recent trend in the Realized Profit of Bitcoin. This on-chain indicator measures the total amount of profit that BTC investors realize through their selling activity.

该报告进一步研究了比特币实现利润的最新趋势。该链上的指标衡量了BTC投资者通过销售活动所意识到的利润总数。

The indicator is calculated by looking at the transaction history of each coin being transferred or sold on the Bitcoin blockchain to ascertain the price at which it was previously moved. Coins sold at a price lower than the latest spot value are assumed to be resulting in profit realization, equal to the difference between the two prices.

该指标是通过查看在比特币区块链上转移或出售的每个硬币的交易历史记录来计算的，以确定先前移动的价格。假定以低于最新现货价值的价格出售的硬币是导致利润实现的，等于两个价格之间的差额。

This profit is then summed up for each token being sold at a profit to accrue the network total, which is measured by the Bitcoin Realized Profit. A similar indicator, Realized Loss, tracks the sales of the opposite type.

然后，将这笔利润概括为每个代币都以利润出售以累积网络总数，这是通过比特币实现的利润来衡量的。类似的指标（已实现的损失）跟踪相反类型的销售。

Here is the chart for the hourly Bitcoin Realized Profit shared by the analytics firm in the report:The above graph shows the Bitcoin Realized Profit in 7-day MA, with key levels highlighted. The levels are:

这是分析公司在报告中分享的每小时比特币实现的利润的图表：上图显示了比特币在7天MA中实现的利润，重点介绍了密钥水平。级别是：

$120 million per hour (baseline value)

每小时1.2亿美元（基线价值）

$139 million per hour (maximum reached on July 10th)

每小时1.39亿美元（7月10日最多达到）

$250-300 million per hour (typical levels during March 2023 profit-taking spree)

每小时250-3亿美元（2023年3月的典型水平盈利狂潮）

$500 million per hour and above (implied by the 2021 bull market peaks)

每小时及以上5亿美元（由2021牛市峰暗示）

The report further states that the Bitcoin Realized Profit has spiked recently, as the crypto showcases strength in the market.

该报告进一步指出，比特币已经意识到利润最近已经飙升，因为加密货币展示了市场上的实力。

Its recovery rally has seen investors capitalize on the opportunity, pushing the hourly profit to levels not seen since the last bull rally, which is highlighted in green in the chart.

它的恢复集会使投资者利用了这一机会，将每小时的利润推向了自上次公牛集会以来从未见过的水平，该集会在图表中以绿色强调。

So far, the indicator has hit a peak of $139 million per hour, which is about 17% higher than the baseline value of $120 million per hour.

到目前为止，该指标达到了每小时1.39亿美元的高峰，比基线价值高约1.2亿美元。

While this level isn’t too high when compared to the profit-taking sprees from the last bull rally, it’s still notable, especially when considering how much lower it has been during the last couple of months.

尽管与上一个公牛集会的获利率相比，这个水平并不高，但它仍然值得注意，尤其是在考虑过去几个月中它降低多少时。

“If the market can absorb this selling pressure without breaking down, it paints a more constructive picture on the road ahead. 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,” adds the firm.

“如果市场能够吸收这种销售压力而不会破裂，它会在前进的道路上描绘出更具建设性的画面。相反，在大量的利润实现下未能保持这些水平，这可能标志着这一举动是另一个死猫弹跳，这与以前在类似条件下褪色的救济集会是一致的。”

As for which side of the Bitcoin market is involved in this profit-taking event, the data suggests it’s the short-term holder cohort.

至于比特币市场的哪一方涉及这项利润事件，数据表明这是短期持有人队列。

Short-term holders (STHs) are those who purchased their BTC coins within the past 155 days.

短期持有人（STH）是在过去155天内购买了BTC硬币的人。

Here is a chart that shows the trend in the Spent Output Profit Ratio (SOPR), a metric that measures the ratio of Realized Profit to Realized Loss, for the STH cohort:The chart shows the 7-day MA of the STH Spent Output Profit Ratio (SOPR), highlighting a sustained move above the 1.0 mark.

这是一张图表，显示了用过的产出利润率（SOPR）的趋势，该指标衡量了已实现的利润与已实现损失的比率，对于STH队列：该图表显示了STH支出的产出利润率（SOPR）的7天MA（SOPR），强调了持续的移动持续移动。

The analysis firm concludes that the STH SOPR has seen a sustained move above the 1.0 mark, which signals that profit-taking is now notably outpacing loss-taking from these investors.

分析公司得出的结论是，STH SOPR的持续移动超过了1.0大关，这表明利润的现在显着超过了这些投资者的损失。