比特币（BTC）市场非常波动

在上周，比特币（BTC）市场在极强的看跌影响下一直非常波动。

The Bitcoin (BTC) market has been highly volatile in the last week and is under a strong bearish influence. In this period, Bitcoin has crashed by over 15% falling as low as $80,000. Interestingly, blockchain analytics firm Glassnode has provided an in-depth analysis of investors’ behavior amidst this price decline highlighting the cohort with the largest realized losses.

比特币（BTC）市场在上周易波动，并受到强烈看跌的影响。在此期间，比特币坠毁了15％以上，低至80,000美元。有趣的是，区块链分析公司GlassNode在价格下降的情况下对投资者的行为进行了深入的分析，这突显了与最大的损失最大的同伙。

BTC 1-Day To 1-Week Holders Lead Market Liquidation Pressure

BTC 1天到1周持有人铅市场清算压力

On Friday, February 28, Bitcoin dipped below $80,000 reaching a price level last seen in November 2024. In response, the BTC market recorded $685 million in realized losses in addition to the initial $2.16 billion between February 25-27. In a recent X post, Glassnode analysts dived into the market sell-off on Friday, indicating that this recent capitulation is primarily concentrated among short-term holders (STH) who are realising losses at a much higher rate than long-term holders.

2月28日，星期五，比特币低于80,000美元，达到了2024年11月的价格水平。作为响应，BTC市场还记录了6.85亿美元的已实现损失，除了2月25日至27日之间最初的216亿美元。在最近的X帖子中，GlassNode分析师周五潜入了市场抛售，这表明这一最近的投降主要集中在短期持有人（STH）中，他们以比长期持有人高得多的损失。

From Glassnode’s report, the most affected cohort of STH has been new market entrants over the past week as they are 1-day to 1-week holders with $238.8 million in losses,1-week to 1-month holders $187.6 million, 1-month to 3-month holders $132.4 million and 24-hour buyers $104.9 million. However, it’s worth noting that holders from the past 3-6 months also experienced a significant spike in realized losses. This group recorded $ 12.7 million in realized losses on Friday, presenting a 95.4% gain from the previous day.

从GlassNode的报告中，STH最受影响最大的人群是过去一周的新市场参与者，因为他们是1天到1周的持有人，损失了2.388亿美元，1周至1个月的持有者1.876亿美元，1.876亿美元，1个月至3个月的持有人，1.324亿美元和24 HOR和24 HOR的购买者。但是，值得注意的是，过去3-6个月的持有人在实现的损失中也经历了重大的激增。该小组在周五获得了1,270万美元的实现损失，比前一天获得了95.4％的收益。

Looking further, Glassnode’s report also realized the price dip on Friday also pushed the Bitcoin loss realization average to $57.1 million per hour. The realization speed per cohort of the STH – who account for the majority of the market losses is as follows: 1-day to 1-week holders $19.9 million/hour, 1-week to 1-month holders $13.9 million/hour, 1-month to 3-month holders $14.2 million/hour and 24-hour buyers $8.04 million/hour.

进一步，GlassNode的报告还意识到周五的价格下跌也将比特币损失的平均意识推向了每小时5710万美元。 STH的实现速度 - 占市场损失的大部分，如下：1天到1周的持有人每小时1,990万美元，每小时1周到1个月的持有人/小时1390万美元，每小时1个月至1个月至3个月的持有者，每小时1420万美元，每小时2420万美元的购买者/小时$ 80.4亿美元/小时。

As expected, the 1-day to 1-week cohort is the dominant force driving liquidity pressure with its loss realization rate almost double the next largest group.

不出所料，为期1周到1周的队列是驱动流动性压力的主要力，其损失率几乎是下一个最大群体的两倍。

Bitcoin Long-Term Holders Stay Resolute

比特币长期持有人保持坚决

According to more data from Glassnode’s report, Bitcoin long-term holders from the last 6-12 months have shown minimal, negligible loss realization despite a widespread market capitulation.

根据GlassNode报告的更多数据，过去6-12个月的比特币长期持有人表明，尽管市场投降了广泛，但最少的，可以忽略不计的损失。

This development indicates that the longer-term investors are largely unbothered by the recent sell-off and price correction with strong confidence for a market rebound. At press time, Bitcoin trades at $85,200 following some price recovery on Friday. However, its weekly losses remain at 11.34% indicating the current bearish move in the market.

这一发展表明，长期投资者在很大程度上对最近的抛售和价格纠正却对市场反弹充满信心。在发稿时，比特币在周五的价格回收后，比特币的交易价格为85,200美元。但是，它的每周损失仍为11.34％，表明当前市场上的看跌。