比特币的市场有进一步加强的证据

比特币的市场有进一步加强的证据，因为其总市值接近20.5万亿美元。目前，加密货币的交易价格超过每枚硬币103,000美元，这是一个重要的里程碑。

Bitcoin’s market has evidence of further strengthening, as its total market capitalization is approaching $2.05 trillion. Currently, the cryptocurrency is being traded for over $103,000 per coin, setting an important milestone. Based on the recent data of the analytical platform Santiment, there are three major groups of BTC’s supply that tend to emphasize its distribution between retail investors, institutions, and liquidity providers.

比特币的市场有进一步加强的证据，因为其总市值接近20.5万亿美元。目前，加密货币的交易价格超过每枚硬币103,000美元，这是一个重要的里程碑。根据分析平台的最新数据，BTC供应的三个主要组往往会强调其在零售投资者，机构和流动性提供商之间的分布。

The breakdown of Bitcoin’s total supply shows high concentration into the hands of institutional and liquidity investors. The retail investors who have less than 10 BTC hold 3.47 million coins, representing 17.5% of the supply. On the other hand, the institutional holders have 13.5 million BTC (68% of the supply) between 10 to 10,000 BTC. Aggregate liquidity providers are holding 2.87 million BTC, which is almost 14.5% of the total supply, for more than 10,000 BTC.

比特币总供应量的细分显示出高度集中在机构和流动性投资者的手中。不到10 BTC的零售投资者持有347万硬币，占供应量的17.5％。另一方面，机构持有人在10至10,000 BTC之间有1350万BTC（占供应量的68％）。总流动性提供商持有287万BTC，占总供应量的近14.5％，超过10,000 BTC。

Bitcoin Realized Cap Growth

比特币实现了上限增长

Glassnode, a top on-chain analytics platform, also posted highlights on BTC’s Realized Cap, which has spectacularly risen by close to $30 billion since April, after a period of stagnation. This increase, which is increasing at an incremental rate of about 3% a month, indicates an improvement in capital flows into the market. This growth, however, is still lower than the aggressive accumulation that was observed in the months of November and December, 2024, when the price of Bitcoin stood at $93,000.

GlassNode是顶级链分析平台，他还发布了BTC已实现的帽子的亮点，自4月停滞以来，自4月以来，它的上升幅度近300亿美元。这种增加的增长速度约为每月3％，这表明资本流入市场的提高。然而，这种增长仍然低于2024年11月和12月的几个月，当时比特币的价格为93,000美元。

Source: X

来源：X

Although slower than the 8% seen at the end of 2024, this steady rise in Realized Cap suggests a continued belief among the investors and new capital entering the market. Analysts are keen for a better future for BTC despite the slower rate of growth, as new investments are still being made in it.

尽管比2024年底的8％要慢，但实现的CAP的稳定上升表明，投资者和新资本进入市场的信念持续。尽管增长速度较慢，但​​分析师仍热衷于BTC的美好未来，因为在其中仍在进行新的投资。

Bullish BTC Market Dynamics

看涨BTC市场动态

Additionally, the bullish sentiment was enforced by Glassnode reporting high change in BTC market dynamics. The 7-day simple moving average (SMA) of Bitcoin’s Spot Volume Delta also went positive and peaked at almost $5 billion on May 13. This flush of net spot buyer demand shows resolute conviction in the spot market, proving that both institutional and retail investors have driven BTC’s uptrend beyond the crucial $100,000 resistance level.

此外，玻璃节报道BTC市场动态变化很大，看涨的情绪是强制执行的。 5月13日，比特币现货数量达美比特币现场数量达美的7天简单移动平均线（SMA）也达到了近50亿美元的高峰。这种净现货购买者需求表明，在现货市场上有坚决的信念，证明了机构和零售投资者都使BTC的上升趋势超过了100,000美元的抵制水平。

Source: Glassnode

来源：玻璃节

Although the growth of the Realized Cap is still below its past highs, the market sentiment is extremely bullish. While Bitcoin continues to gain retail and institutional demand, the price continues to look good for further increases, indicating that the bullish trend is here to stay for some time.

尽管已实现的上限的增长仍低于其过去的高潮，但市场情绪非常看好。尽管比特币继续增加零售和机构需求，但价格仍然可以进一步提高，这表明看涨趋势将在这里持续一段时间。