比特币的长期持有人和硬币日被摧毁：看涨信号？

分析比特币的长期持有人行为和硬币日被破坏（CDD），以了解市场的弹性和潜在的未来价格变动。

Bitcoin's Long-Term Holders and Coin Days Destroyed: A Bullish Signal?

比特币的长期持有人和硬币日被摧毁：看涨信号？

Bitcoin's been doing the cha-cha between resistance and support, but what are the long-term holders up to? The Coin Days Destroyed (CDD) metric might just hold the key to understanding the next big move.

比特币一直在阻力和支持之间做CHA-CHA，但是长期持有人在做什么？破坏的硬币日（CDD）可能只是了解下一个大举动的关键。

Decoding Coin Days Destroyed (CDD)

解码硬币日被破坏（CDD）

So, what's the buzz about Coin Days Destroyed? It's like Bitcoin's memory lane, tracking how long coins have been chilling in wallets before being moved. When those old coins suddenly hit the market, it usually means long-term holders are making moves, often to cash in those sweet, sweet profits. A spike in CDD? That's usually a sign of some serious selling pressure.

那么，关于硬币日的嗡嗡声被摧毁了什么？就像比特币的记忆巷一样，跟踪硬币在被移动之前在钱包里寒冷多长时间。当那些旧硬币突然上市时，通常意味着长期持有人正在采取行动，通常会兑现那些甜美，甜美的利润。 CDD中的尖峰？这通常是一些严重销售压力的迹象。

Long-Term Holders: Selling, But Not Tanking the Market

长期持有人：销售，但不打算市场

According to Darkfost, we've just witnessed the most significant movement of old Bitcoin by long-term holders (LTHs) this cycle. These are the folks who HODL for the long haul, and they've been moving significant amounts of BTC back into circulation. But here's the kicker: despite this heavy selling pressure, Bitcoin's price has only dipped between 10% and 13% from its recent highs. That's peanuts compared to historical standards.

根据DarkFost的说法，我们刚刚目睹了本周期的长期持有人（LTHS）最重要的旧比特币运动。这些人是长期以来的人，他们一直在将大量的BTC转移到循环中。但这是踢球者：尽管销售压力很大，但比特币的价格与最近的高点相比仅下降了10％至13％。与历史标准相比，那是花生。

Demand is King (or Queen)

需求是国王（或女王）

The real story here? Demand is eating up all that supply like a hungry Pac-Man. Institutional inflows, treasury accumulation, and a generally liquid market seem to be absorbing the selling activity. Sure, there's still downside risk if more long-term holders decide to bail, but the market's ability to shrug off such a significant wave of distribution is seriously encouraging.

真正的故事？需求正在吞噬所有供应，就像一个饥饿的帕克曼一样。机构流入，财政部积累以及普遍流动的市场似乎正在吸收销售活动。当然，如果有更多的长期持有人决定保释，仍然存在下行风险，但是市场耸耸肩的分销浪潮的能力令人鼓舞。

The Bullish Outlook

看涨的前景

The takeaway is that Bitcoin's underlying structure is proving resilient, even in the face of short-term challenges. If demand keeps holding steady, this redistribution phase could be a healthy reset, setting the stage for the next leg up. Think of it as a snake shedding its skin – a little uncomfortable, but necessary for growth.

要点是，即使面对短期挑战，比特币的基本结构也证明是有弹性的。如果需求保持稳定，那么这个重新分配阶段可能是一个健康的重置，为下一条腿奠定了基础。可以将其视为脱落皮肤的蛇 - 有点不舒服，但对于生长来说是必要的。

Price Check: Where Are We Now?

价格检查：我们现在在哪里？

Bitcoin's currently hovering around $112,870, bouncing back a bit after a pullback from its all-time high near $124,500. It's been consolidating after months of gains, testing support around the $110K–$108K range. If it can break above the 50-day moving average (that pesky blue line), we might see another run at the $120K–$123K zone. But if it dips below that support, watch out for a deeper slide towards the 200-day moving average near $82K.

比特币目前盘旋的速度约为112,870美元，在其历史最高售价接近124,500美元的回调后弹跳了一下。经过几个月的收益，它已经整合了，测试支持约为$ 110K- $ 108K范围。如果它可以超过50天的移动平均线（那个讨厌的蓝线），我们可能会看到另一次以12万美元 - $ 123K的区域运行。但是，如果它降至支持下，请注意，朝着200天的平均值接近$ 82K的更深层次滑动。

Final Thoughts: Buckle Up!

最终想法：搭扣！

So, what does it all mean? The cooling CDD trend, combined with resilient demand, suggests that Bitcoin's long-term bullish outlook remains intact. Even though short-term volatility is still a factor, the combination of solid support levels and decreasing long-term holder selling pressure could pave the way for a stronger recovery. Keep an eye on those external catalysts, like Federal Reserve policy shifts, for extra clarity.

那么，这意味着什么？冷却CDD趋势加上弹性需求，表明比特币的长期看涨前景仍然完好无损。尽管短期波动仍然是一个因素，但稳定的支撑水平和降低长期持有人销售压力的结合可能为更强大的恢复铺平道路。请注意那些外部催化剂，例如美联储政策的转变，以越来越清楚。

In short, Bitcoin's not just surviving; it's thriving. So HODL on tight, folks, because the ride's just getting started! And remember, past performance is not indicative of future results. Or is it?

简而言之，比特币不仅可以生存。这是繁荣的。伙计们，霍德（Hodl）紧紧抓住，因为旅程才刚刚开始！请记住，过去的表现并不能指示未来的结果。还是？