比特币（BTC）价格超过$ 94,000，因为供应量的87％

在加密世界中，某些指标对于评估市场趋势至关重要。接下来的最重要的是比特币的“利润供应”，该比特币目前供应总额的百分比是未实现的。最近达到87％的人，许多人想知道这是否标志着欣快阶段的开始。加密交易者需要问自己：市场扭转的可能性有多大？

In the cryptocurrency domain, specific indicators offer valuable insights into market trends. Among the most closely followed is Bitcoin's "Supply in Profit," which indicates the percentage of the total BTC supply held in unrealized gains.

在加密货币域中，具体指标为市场趋势提供了宝贵的见解。最紧随其后的是比特币的“利润供应”，这表明了未实现的BTC供应总额的百分比。

Recently, this indicator crossed the 87% mark, a high level that has sparked discussion, particularly in the context of a possible euphoria phase. As this indicator is often linked to selling pressure, crypto traders may want to assess how likely the market is to reverse.

最近，该指标越过了87％的标记，这是一个高水平的引发讨论，尤其是在可能的欣快感阶段的背景下。由于该指标通常与销售压力有关，因此加密交易者可能希望评估市场逆转的可能性。

Bitcoin's "Supply in Profit" recently crossed the 87% mark, a high level that bears close observation. This indicator calculates the proportion of the total BTC supply, capped at 21 million, whose purchase price is lower than the current market value. When a majority of the supply is in profit, it can signal strong investor confidence but also a risk of selling to take profits.

比特币的“利润供应”最近越过了87％的商标，这是一个高水平的观察。该指标计算了BTC供应总额的比例，该供应总额为2100万，其购买价格低于当前的市场价值。当大部分供应量都在获利时，它会表明投资者强烈的信心，但也有出售利润的风险。

According to Glassnode, this rise is directly linked to the recent increase in bitcoin prices. The latest market peak saw the indicator rise to 87.3%. Notably, during the last bitcoin rally, at around $94,000, this indicator stood at 82.7%.

根据GlassNode的说法，这种上升与最近的比特币价格上涨直接相关。最新的市场高峰使指标上升至87.3％。值得注意的是，在最后一次比特币集会期间，该指标为82.7％。

This means that nearly 5% of the supply purchased during previous peaks has been traded at lower prices in recent weeks.

这意味着，在以前的高峰期购买的供应量的近5％是在最近几周以较低的价格交易。

This high percentage can be a sign of selling pressure, as investors in profit are often more likely to sell. However, some analysts note that maintaining a high level of “Supply in Profit” can also indicate sustained demand, which supports the price despite sales.

由于利润的投资者通常更有可能出售，因此这种高百分比可能是销售压力的迹象。但是，一些分析师指出，维持高水平的“利润供应”也可能表明持续需求，尽管销售额仍支持价格。

The “Supply in Profit” indicator is a valuable tool for understanding market sentiment. When a large portion of investors hold coins in profit, it can signal widespread confidence. However, it can also lead to selling pressure when these same investors decide to realize their profits.

“利润供应”指标是了解市场情绪的宝贵工具。当大部分投资者将硬币赚钱时，它可能会表明信心广泛。但是，当这些同一投资者决定实现其利润时，这也可能导致销售压力。

Indeed, as explained by BGeometrics:

确实，正如Bgeometrics所解释的那样：

A strong supply in profit may mean selling pressure is imminent, as investors look to secure their gains.

利润强劲的供应可能意味着销售压力即将到来，因为投资者希望确保自己的收益。

This phenomenon could lead to market consolidation or even a short-term correction. However, this situation is not necessarily negative. If demand remains strong, the indicator can also signal that the market is strong enough to withstand selling pressure without collapsing.

这种现象可能导致市场合并甚至短期纠正。但是，这种情况不一定是负面的。如果需求仍然强劲，指标还可以表明市场足够强大，可以承受销售压力而不会崩溃。

The real selling pressure is not applied by whales or long-term holders, but by retail, mid-sized cohorts (from shrimp to sharks), and short-term holders – a classic shakeout

真正的销售压力不是由鲸鱼或长期持有人施加的，而是由零售，中型同伙（从虾到鲨鱼）和短期持有人 - 经典的摇摆人

Continuous increases in supply in profit indicate healthy market momentum, but they must be closely monitored. A saturation of the indicator, as seen in the past, could signal that the market has reached a point where selling becomes more likely, potentially leading to a correction or stabilization.

利润供应的持续增加表明了健康的市场动力，但必须密切监视它们。如前所述，指标的饱和可能表明市场已经达到了销售可能变得更有可能的地步，有可能导致校正或稳定。

The price of bitcoin remains above $94,800 after briefly breaking past $95,000. This stability despite a high percentage of “Supply in Profit” suggests demand continues to support the price. However, the question remains: can BTC continue to rise without massive profit-taking? Previous euphoria phases showed that rapid selling by investors in profit can sometimes slow down the market.

在短暂折扣95,000美元之后，比特币的价格仍在94,800美元以上。尽管“利润供应量”的比例很高，但这种稳定仍表明需求继续支持价格。但是，问题仍然存在：BTC可以继续上升而没有大量获利？以前的欣快感阶段表明，投资者在利润方面的迅速销售有时会减慢市场。

According to Glassnode, the “Supply in Profit” indicator has often reached high levels before a correction, but has never sustained the 90% threshold traditionally signaling a phase of euphoria. If bitcoin manages to maintain a high “Supply in Profit” without massive selling, it could extend its rally.

根据GlassNode的说法，“利润供应”指标在更正前经常达到高水平，但从未维持90％的阈值，传统上向欣快的阶段发出了信号。如果比特币设法在没有大规模销售的情况下维持高“供应利润”，则可能会延长其集会。

Otherwise, it might enter a phase of consolidation before rising again.

否则，它可能会进入合并阶段，然后再再次上升。

Investors should be aware that selling pressure can emerge at any time, especially if the indicator continues to rise. However, as long as demand remains strong, bitcoin could avoid a significant drop, which is a good sign for its short-term future.

投资者应意识到，销售压力随时都会出现，尤其是在指标继续增加的情况下。但是，只要需求仍然强劲，比特币就可以避免大幅下降，这是其短期未来的好兆头。

Bitcoin's rise above $90,000 marked a key milestone. But with 87% of its supply in profit, the question remains: is a correction coming? BTC could see an additional peak if demand stays strong, but the “Supply in Profit” indicator reminds us that profit-taking could be imminent. The market remains tense but promising.

比特币的上升超过$ 90,000标志着一个关键里程碑。但是，由于其利润供应的87％，问题仍然存在：更正是纠正吗？如果需求保持强劲，BTC可能会看到一个额外的峰值，但是“利润供应”指标提醒我们，利润可能会迫在眉睫。市场仍然紧张，但很有希望。