比特币（BTC）看到了散户投资者的新兴趣

比特币正在散户投资者重新进入市场的新兴趣浪潮。通过链上数据对此收益进行了跟踪，该数据显示，持有价值不到10,000美元的比特币的用户的钱包活动稳定增加。

Retail investors are returning to the crypto market, bringing with them a renewed interest in Bitcoin (BTC).

散户投资者正在重返加密货币市场，并带来了对比特币（BTC）的新兴趣。

This return is being observed through on-chain data, which is showing an increase in wallet activity from users who typically hold less than $10,000 in their crypto wallets. Such a pattern usually signifies rising confidence, which can push prices higher if the momentum sustains.

通过链上数据观察到了这一回报，这表明用户的钱包活动的增加，这些用户通常持有少于10,000美元的加密钱包。这种模式通常表示信心的上升，如果势头持续发展，这可能会提高价格。

A post from CryptoQuant analyst Carmelo Aleman highlights this return, detailing a growing trend of smaller investors rejoining the market. Unlike institutional traders, who are usually better at timing the market, retail participants often serve as an early sign of shifting sentiment.

加密分析师Carmelo Aleman的一篇文章强调了这一回报，详细介绍了较小的投资者重新加入市场的趋势。与通常更好地定时市场的机构交易者不同，零售参与者通常是转移情感的早期迹象。

Aleman explains that their presence usually sparks stronger narratives, which in turn attracts even more buying interest, creating a feedback loop.

阿莱曼（Aleman）解释说，他们的存在通常会引发更强的叙事，从而引起更多的购买兴趣，从而产生了反馈循环。

Since April 28, a specific on-chain metric called the BTC: Retail Investor 30-Day Change has shown a 3.4% increase in small investor activity. This number, which covers data through May 13, suggests a strong uptick in confidence from casual participants.

自4月28日以来，一个名为BTC：零售投资者30天变化的特定链链指标显示，小型投资者活动增长了3.4％。这个数字涵盖了5月13日的数据，这表明休闲参与者的信心强烈提升。

Aleman believes this shift could have an impact on other crypto sectors. If the upward movement continues, these smaller investors may begin allocating funds into areas like decentralized finance (DeFi), staking, and futures.

阿尔曼认为，这种转变可能会对其他加密货币部门产生影响。如果向上移动继续进行，这些较小的投资者可能会开始将资金分配给分散融资（DEFI），Staking和Futures等领域。

“This could benefit the entire crypto space, as small investors are likely to diversify into other projects, including DeFi, staking, futures, and other instruments,” he adds.

他补充说：“这可能会使整个加密货币领域受益，因为小型投资者可能会多元化到其他项目，包括Defi，Staking，Futures和其他工具。”

Aleman also suggests watching additional signals like new wallet addresses, transfer volumes, and UTXO counts, as these typically rise alongside retail investor activity and could confirm a broader market trend.

Aleman还建议观看其他信号，例如新的钱包地址，转移量和UTXO计数，因为这些信号通常会随着零售投资者的活动而上升，并且可以证实更广泛的市场趋势。

In parallel, another analyst from CryptoQuant, known as Avocado Onchain, focused on a different metric called Binary Coin Days Destroyed, or Binary CDD. This tool measures when older, unused Bitcoin is moved. An increase in Binary CDD usually indicates that long-term holders are beginning to take action—either selling or adjusting their positions in response to price changes.

同时，另一位来自加密量的分析师（称为鳄梨onChain），重点介绍了一个称为二进制硬币日的不同度量，被摧毁或二进制CDD。当较旧的未使用比特币移动时，该工具可以测量。二进制CDD的增加通常表明长期持有人开始采取行动 - 销售或调整其对价格变化的立场。

In previous market peaks, like late 2021 and again in March and December 2024, the Binary CDD crossed the 0.8 mark. That level typically signals a point where older holders begin to offload some of their coins.

在以前的市场峰值中，例如2021年底以及在2024年3月和12月的3月，二进制CDD越过0.8马克。该级别通常标志着年长者开始卸载一些硬币的点。

Currently, the Binary CDD is rising again and stands at 0.6.6. If it crosses the 0.8 mark, it may signify a period of profit-taking, especially from those who have held long-term positions.

目前，二进制CDD再次上升，为0.6.6。如果超过0.8大关，则可能表示一段盈利时期，尤其是从担任长期职位的人。

However, instead of suggesting an immediate sell-off, the indicator could also show that major investors are adjusting their holdings as the market shifts.

但是，该指标没有立即抛售，而是可以表明，随着市场的转变，主要投资者正在调整其持股量。

At the moment, Bitcoin is trading at $102,226. Over the last 24 hours, the price dropped 1.46%, but it’s still up 2.59% over the past week. With both retail buying and long-term investors adjusting their positions, the market appears to be approaching a moment where new directions may form.

目前，比特币的交易价格为102,226美元。在过去的24小时内，价格下跌了1.46％，但在过去一周中仍然增长了2.59％。随着零售购买和长期投资者调整头寸的调整，市场似乎正在接近可能形成新方向的时刻。