比特币持有者已回归净积累状态

链上数据显示，长期比特币持有者最近扭转了趋势，他们的供应量已经吸收了价值 80 亿美元的代币。

CryptoQuant data on Friday (24/02/2023) showed that long-term Bitcoin ( BTC ) holders have absorbed $8 billion in tokens over the past five months.

CryptoQuant 周五（2023 年 2 月 24 日）的数据显示，长期比特币 (BTC) 持有者在过去五个月中吸收了 80 亿美元的代币。

The long-term holders, defined as those who have held their BTC for at least 155 days, saw their supply increase as the price rose from around $54,000 to the current levels.

长期持有者，即持有 BTC 至少 155 天的人，随着价格从 54,000 美元左右上涨到目前的水平，他们的供应量增加了。

This دسته بندی of holders is split into two based on holding time — long-term holders (LTH) and short-term holders (STH). Statistically, the longer an investor holds onto their coins, the less likely they become to sell.

根据持有时间，持有者分为两类：长期持有者（LTH）和短期持有者（STH）。据统计，投资者持有代币的时间越长，出售代币的可能性就越小。

So, the LTHs, who tend to hold for longer periods, are known as the “HODLers” of the market. Generally, this group doesn’t easily sell, even during rallies or crashes, unlike the STHs.

因此，倾向于持有较长时间的 LTH 被称为市场上的“HODLers”。一般来说，与 STH 不同，即使在反弹或崩盘期间，该组也不会轻易出售。

However, this year’s rally proved to be too good a profit-taking opportunity for even the diamond hands to miss out on.

然而，事实证明，今年的上涨是一个绝佳的获利了结机会，即使是钻石手也不容错过。

As you can see in the chart below, the Bitcoin LTHs sharply reduced their combined supply during the rally to the new price all-time high (ATH).

如下图所示，比特币 LTH 在上涨至历史新高 (ATH) 期间大幅减少了其总供应量。

Bitcoin HODLers began selling heavily as the price dropped, but they participated in one final batch of sharp selling when BTC saw a rebound to $68,000.

随着价格下跌，比特币持有者开始大量抛售，但当比特币反弹至 68,000 美元时，他们参与了最后一批大幅抛售。

The LTH supply dropped to 14,431,517 BTC following this selling, but since then, these holders have reversed their behavior.

这次抛售后，LTH 的供应量降至 14,431,517 BTC，但从那时起，这些持有者改变了他们的行为。

The chart shows that the metric has risen to 14,557,609 BTC now, which indicates an increase of 126,092 BTC, or around $8.1 billion at the current exchange rate.

该图表显示，该指标现已升至 14,557,609 BTC，这表明增加了 126,092 BTC，按当前汇率计算约为 81 亿美元。

Something to note here is that whenever the LTH supply registers a rise, it doesn’t necessarily mean that these diamond hands are buying in the present.

这里需要注意的是，每当 LTH 供应量增加时，并不一定意味着这些钻石手现在正在买入。

Instead, the increase suggests that some buying took place five months ago, and those coins matured enough to be a part of this group. The same principle doesn’t apply to selling, of course.

相反，这种增加表明一些购买发生在五个月前，并且这些代币已经足够成熟，可以成为该组的一部分。当然，同样的原则不适用于销售。

This is because coins have their age reset back to zero as soon as they are moved on the Bitcoin blockchain, so they are instantly removed from the LTH supply.

这是因为一旦代币转移到比特币区块链上，其年龄就会重置为零，因此它们会立即从 LTH 供应中删除。

However, the recent renewal of the uptrend in the indicator could be a sign that the diamond hands have finished selling and are now getting back to HODLing.

然而，该指标最近重新出现上升趋势可能表明钻石手已经完成抛售，现在又回到了持有状态。

If this does turn out to be the case, then the trend could naturally be a bullish sign for the leading cryptocurrency.

如果事实确实如此，那么这一趋势自然可能是领先加密货币的看涨信号。

BTC Price

比特币价格

The past day has seen bearish activity for Bitcoin, with its price dropping by more than 3%.

过去一天，比特币出现了看跌活动，其价格下跌了 3% 以上。

The world’s leading digital asset is now trading at an average price of around $64,600, as it continues to struggle to remain above the crucial $65,000 support level.

全球领先的数字资产目前的平均价格约为 64,600 美元，但仍难以保持在 65,000 美元的关键支撑位之上。

The chart below shows what BTC’s recent price performance has looked like:

下图显示了 BTC 最近的价格表现：