比特币短期持有人SOPR可能会提供有关何时退出的提示

一位加密的作者已经讨论了比特币短期持有人如何提供有关何时退出的提示。

An analyst at CryptoQuant has discussed how the Bitcoin short-term holder Spent Output Profit Ratio (SOPR) may provide hints about when it may be time to accumulate and distribute (exit) the cryptocurrency.

CryptoQuant的一位分析师讨论了比特币短期持有人花费的产出利润率（SOPR）如何提供有关何时积累和分发（退出）加密货币的提示。

Short-Term Holders And Their Impact

短期持有人及其影响

In a recent Quicktake post, the analyst explained that there are two main sides to the Bitcoin market: the short-term holders (STHs) and the long-term holders (LTHs). The STHs are credited with holding BTC for 155 days or less, while the LTHs are those who purchased their coins over a year ago.

分析师在最近的《 QuickTake》帖子中解释说，比特币市场有两个主要方面：短期持有人（STH）和长期持有人（LTHS）。 STH被认为持有BTC 155天或更短的时间，而LTHS是一年多以前购买硬币的人。

The STHs are usually more reactive to market events, which is why their indicators and metrics tend to change more rapidly.

STH通常对市场事件更具反应性，这就是为什么它们的指标和指标倾向于更快地变化的原因。

One such indicator is the Spent Output Profit Ratio (SOPR), which tells us about whether the investors are selling their coins at a profit or loss.

一个这样的指标是用过的产出利润率（SOPR），它告诉我们投资者是否以利润或损失出售硬币。

The SOPR determines this by looking at the transaction history of each wallet taking part in a sell transaction to see what price it received its coins at. If the previous price is lower than the current spot price, then the transaction is classified as a profit sale. Transactions where this is not the case are considered to be loss-taking.

SOPR通过查看每个钱包的交易历史记录参加卖出交易来决定这一点，以查看其收到的硬币的价格。如果以前的价格低于当前的价格，则交易被归类为利润出售。没有这种情况的交易被认为是损失的。

Whenever the value of the indicator is greater than 1, it means the holders as a whole are realizing a net amount of profit. Conversely, it being under the mark suggests the dominance of capital loss.

每当指标的价值大于1时，这意味着持有人整体上都在实现净利润。相反，它在标记之下表明资本损失的主导地位。

Here is a chart that shows the trend in the Bitcoin SOPR specifically for the STHs over the last few years:

这是一张图表，显示了过去几年专门针对STH的比特币SOPR的趋势：

As is clear from the above graph, the analyst has highlighted two zones for the indicator. The lower zone, shaded in green, corresponds to a notable degree of loss-taking from the STHs. According to the quant, it’s usually a good time to start accumulating Bitcoin whenever the STHs are displaying this behavior.

从上图可以明显看出，分析师突出了指标的两个区域。绿色阴影的下部区域对应于STH的显着损失程度。根据量化，每当STH显示此行为时，通常是开始积累比特币的好时机。

Similarly, the red zone, which corresponds to profit-taking from this cohort, could represent an opportunity to distribute the cryptocurrency.

同样，与从该队列获利的利润相对应的红色区域可能代表了分发加密货币的机会。

It’s worth noting that neither of these zones perfectly capture tops and bottoms in BTC’s price, so the analyst recommends only performing gradual selling and buying when the indicator enters the respective regions.

值得注意的是，这些区域均未完美地捕获BTC价格的上衣和底部，因此分析师建议在指标进入各个地区时仅进行逐渐销售和购买。

During the lows earlier in the year, the STH SOPR dipped into the green zone, implying this group was showing capitulation. With the recent price rally, the metric has recovered back above the 1 mark, but so far, it hasn’t yet broken into the red area.

在今年早些时候的低谷期间，STH SOPR浸入了绿色区域，这意味着该组显示了投降。随着最近的价格集会，该指标恢复了1大关，但到目前为止，尚未破坏红色区域。

As such, at least going by this indicator, the time to start distributing Bitcoin may not be here yet.

因此，至少通过此指标，开始分发比特币的时间可能还不在这里。

BTC Price

BTC价格

Bitcoin has made recovery of more than 10% in the past week as its price has now crossed the $104,000 mark.

由于其价格已经超过了104,000美元，比特币在过去一周中恢复了10％以上。

The post Bitcoin Short-Term Holder SOPR May Provide Indication For Accumulation, Distribution- CryptoQuant appeared first on CryptoQuant.

比特币后的短期持有人SOPR可能会提供积累的指示，分布 - 加密量首先出现在加密量上。