比特币（BTC）实现了BANT上限的到达$ 872B的新ATH，但链度指标表明缺乏热情

比特币（BTC）实现了市值达到了8.72亿美元的新高高，但来自GlassNode的数据反映了投资者对BTC当前价格水平的热情。

Bitcoin (BTC) investors appear to be lacking enthusiasm at the cryptocurrency’s current price levels despite realized market cap hitting a new all-time high of $872 billion, according to analytics platform Glassnode.

根据Analytics Platform Glassnode的数据，尽管实现市值达到了8720亿美元的新历史最高点，但比特币（BTC）投资者似乎对加密货币目前的价格水平缺乏热情。

In a recent X post, the analytics platform noted that despite the realized cap milestone, the monthly growth rate of the metric dropped to 0.9% month-over-month by November 12, which implied a risk-off sentiment in the market.

在最近的X帖子中，分析平台指出，尽管实现了上限里程碑，但该指标的月度增长率在11月12日到11月12日降至每月0.9％，这暗示着市场上的风险情绪。

Realized cap measures the total value of all Bitcoin (BTC) at the price they last moved, reflecting the actual capital invested and providing insight into Bitcoin’s economic activity. A slowing growth rate highlights a positive but reduced capital inflow, suggesting fewer new investors or less activity from current holders.

实现的CAP可以以其上次提出的价格来衡量所有比特币（BTC）的总价值，这反映了实际投资的实际资本，并提供了对比特币经济活动的见解。增长率放缓突出了积极但减少的资本流入，这表明当前持有人的新投资者更少或更少的活动。

Moreover, Glassnode’s realized profit and loss chart recently exhibited a sharp decline of 40%, which signals high profit-taking or loss realization. The data platform explained, “Investors either used a portion of their crypto gains to diversify into other asset classes or booked part or all of their realized profit in the past 24 hours.”

此外，格拉斯诺德（Glassnode）实现的利润和损失图最近显示出40％的急剧下降，这标志着高利润或损失实现。数据平台解释说：“投资者要么使用其加密货币的一部分收益来多样化到其他资产类别，要么在过去24小时内预订的一部分或全部已实现的利润。”

While new investors remained sidelined, existing investors are adopting a cautious approach due to the short-term holder’s realized price. Data from CryptoQuant suggested that the current short-term realized price is $91,600. With BTC currently consolidating below the threshold, it implies short-term holders are underwater, which can increase selling pressure if they sell to cut their losses.

尽管新的投资者仍然遥不可及，但由于短期持有人的实现价格，现有投资者正在采取谨慎的方法。来自CryptoFant的数据表明，当前的短期实现价格为91,600美元。由于BTC目前的合并低于阈值，这意味着短期持有人处于水下，如果卖出损失损失，这可能会增加销售压力。

Similarly, Bitcoin’s short-term holder market value to realized value remained below 1, a level historically associated with buying opportunities and further proof that short-term holders are at a loss.

同样，比特币对已实现价值的短期持有人的市场价值仍然低于1，这是与购买机会有关的水平，并进一步证明了短期持有人有亏损。

Coinbase premium spikes as US traders show strengthAfter a period of decline, the Kimchi premium index fell further during the correction, lagging retail engagement among Korea-based traders.

Coinbase Premium Spikes随着美国贸易商表现出一段衰落的强度，Kimchi Premium指数在更正期间进一步下降，韩国贸易商之间的零售落后。

This particular uneven demand is reflected in Bitcoin’s recent price action. The chart shows that Bitcoin’s price has oscillated in a tight range of $85,440-$82,750 since April 11. On the 4-hour chart, BTC has retained support from the 50-day, 100-day, and 200-day moving averages, but on the 1-day chart, these indicators are putting resistance on the bullish structure.

比特币最近的价格行动反映了这种特殊的不平衡需求。该图表显示，比特币的价格在4月11日以来的紧密范围为85,440- $ 82,750。在4小时的图表上，BTC保留了50天，100天和200天的移动平均值的支持，但是在1天的图表上，这些指示器对Lullish结构进行了抵抗。