比特币（BTC）短期持有人意识到利润最近已经上涨

这家链上分析公司GlassNode在其最新的每周报告中谈到了比特币短期持有人最近的盈利狂潮。

On-chain analytics firm Glassnode has launched a fresh report highlighting a significant uptick in profit-taking activity from Bitcoin short-term holders (STHs) over the past month.

On-Chain Analytics公司GlassNode发起了一份新的报告，重点介绍了过去一个月比特币短期持有人（STH）的获利活动的显着增长。

Short-term holders, defined as those who bought their coins within the past 155 days, are generally viewed as a more fickle part of the market that tends to react more quickly to events. This makes them likely to engage in profit-taking as the recent rally, which has seen the asset rise to a new all-time high (ATH), progresses.

短期持有人被定义为在过去155天内购买硬币的人，通常被视为市场的更加善变的部分，倾向于对事件的反应更快。这使他们有可能随着最近的集会而从事盈利，这使资产上升到了新的历史最高水平（ATH）。

One indicator that can be useful for gauging the selling reaction to rallies from this cohort is the “Realized Profit.” This metric works by examining the transfer history of each coin being sold by STHs to determine the price at which they initially acquired it.

一个指标对于从该队列中对集会的销售反应很有用的指标是“已实现的利润”。该指标通过检查STH出售的每个硬币的转移历史记录来确定他们最初获得的代价。

If this cost basis is lower than the spot price at which they are selling, then the coin’s sale is considered to be leading to the realization of some net profit, which is naturally equal to the difference between the two prices. Realized Profit sums up this value for all profit transactions to arrive at the total for STHs as a whole.

如果此成本基础低于他们出售的现货价格，那么硬币的销售被认为是导致实现某些净利润的，这自然等于两个价格之间的差额。实现的利润总结了所有利润交易的价值，以达到整个STH的总数。

Now, in its latest weekly report, Glassnode showcased the trend in the Bitcoin STH Realized Profit over the last few months.

现在，在其最新的每周报告中，GlassNode展示了比特币STH的趋势，在过去几个月中实现了利润。

The STH Realized Profit has remained at elevated levels throughout the past month, as members of this cohort predictably took part in profit-taking. So far, this cohort has harvested around $11.6 billion in gains since the start of the selloff.

STH意识到，过去一个月的利润仍然处于较高的水平，因为该队列的成员可以预见地参与了利润。到目前为止，自卖空开始以来，该队列的收获约为116亿美元。

“For comparison, over the previous 30d period, only $1.2B of profit was realized, underscoring how drastic the rebound in new investor sentiment and spending behavior has been,” the firm noted.

该公司指出：“为了进行比较，在过去的30天里，只有$ 1.2B的利润实现了，强调了新投资者情绪和支出行为的反弹的剧烈反弹。”

While this profit-taking spree has been large, it is still lower than the highs seen in late 2024. It now remains to be seen whether the Bitcoin STH Realized Profit would expand further in the coming days and if it does, whether incoming demand will be able to handle the selling pressure.

尽管这种盈利的狂欢很大，但仍低于2024年底的高点。现在，比特币STH实现的利润是否会在未来几天进一步扩大，如果确实如此，是否能够应对销售压力。