比特币（BTC）摘要集会高于$ 105K的触发器，增加了长期持有人的利润（LTHS）

比特币的简短集会高于心理$ 105,000的价格，其长期持有人（LTH）的活动增加了。

Bitcoin (BTC) price is in the last leg of a correction after a brief rally above the psychological $105,000 mark triggered increased activity among its long-term holders (LTHs).

比特币（BTC）的价格是更正的最后一站，因为短暂的$ 105,000马克触发了长期持有人（LTHS）的活动增加。

According to on-chain data, there is a notable spike in realized profits within this group over the past few days.

根据链上的数据，在过去几天内，该组中实现的利润有一个显着的峰值。

This trend suggests that many LTH investors are beginning to take advantage of the sharp price gains by selling coins at a profit.

这种趋势表明，许多第一位投资者开始通过获利出售硬币来利用巨大的价格上涨。

BTC Long-Term Investors Increase Profit-Taking

BTC长期投资者增加了获利

In a new report, CryptoQuant analyst Carmelo Alemán noted that BTC LTHs—investors who have held their coins for over 150 days—have significantly increased their profit-taking in recent weeks, according to on-chain data.

根据链接数据，加密分析师CarmeloAlemán指出，持有硬币超过150天的投资者BTC LTHS在最近几周内已大大提高了其利润。

Alemán found that BTC’s Long-Term Holder Spent Output Profit Ratio (LTH-SOPR), which measures whether investors who have held a particular asset for over twelve months are in profit or not, reached a yearly low of 1.32 on March 12.

Alemán发现BTC的长期持有人支出的产出利润率（LTH-SOPR）衡量了持有特定资产超过十二个月的投资者是否有利润，在3月12日的年度低点为1.32。

However, as market sentiment improved, it steadily climbed to reach 2.274 by May 13. According to Alemán, this marks a 71.33% increase in realized profits over two months, suggesting that coins spent by LTHs are being sold at much higher profit margins than earlier in the year.

但是，随着市场情绪的改善，到5月13日，它稳步上升到2.274。

As of this writing, the metric stands at 1.612.

在撰写本文时，公制为1.612。

“This suggests that LTHs are beginning to capitalize on their accumulated gains, possibly in anticipation of future corrections or in response to an overall improvement in market sentiment. This profit-taking could be key to understanding upcoming price movements, as historically, these periods have preceded significant price fluctuations in Bitcoin,” the analyst noted.

“这表明，LTHS开始利用其累积的收益，可能是因为预期未来的更正或回应市场情绪的总体改善。这种盈利可能是理解即将到来的价格变动的关键，因为从历史上看，这些时期之前已经在比特币中显着价格波动，”分析师说。

According to the analyst, spikes in BTC’s LTH-SOPR have coincided with distribution phases, where seasoned investors begin selling their holdings ahead of potential downturns. However, “the market is still far from its cycle peak.”

根据分析师的说法，BTC第LTH-SOPR的SPIKES与分销阶段相吻合，经验丰富的投资者开始在潜在的低迷之前出售其持股。但是，“市场距离其周期峰值仍然很远。”

One may attribute this to BTC’s persistent positive funding rate. This stands at 0.0025% at press time, signaling a high demand for long positions among futures market participants.

人们可能会将其归因于BTC的持续积极融资率。发稿时为0.0025％，这表明对期货市场参与者的长位置的需求很高。

A positive funding rate like this means that traders holding long positions (betting the price will rise) are paying a fee to those holding short positions, indicating bullish sentiment in the BTC market.

像这样的正面融资率意味着，持有较长职位的交易者（下注价格将上涨）正在向那些担任短期职位的人支付费用，表明在BTC市场中表明了看涨的情绪。