比特币的长期持有人：放松销售，接下来是公牛吗？

比特币的长期持有人正在放松销售，这暗示了市场动态的潜在转变。这可能意味着下一个大扩展即将到来？

Bitcoin's Long-Term Holders: Sales Easing, Is a Bull Run Next?

比特币的长期持有人：放松销售，接下来是公牛吗？

Bitcoin's been a rollercoaster lately, but don't freak out just yet. Long-term holders are showing signs of chilling out on their sales. What does this mean? Let's dive in.

比特币最近一直是过山车，但现在不要害怕。长期持有人正在显示出销售的迹象。这是什么意思？让我们潜水。

LTHs Cool Their Jets: What the Data Says

lths冷却他们的喷气机：数据怎么说

According to recent on-chain data, Bitcoin's long-term holders (LTHs) are pumping the brakes on their selling spree. Alphractal, a crypto analytics firm, pointed out on X that the pace at which these seasoned investors are moving their coins has slowed significantly. This is based on the Coin Days Destroyed (CDD) Multiple metric, which tracks how intensely old coins are being spent relative to historical averages. Less coin days destroyed? Less selling pressure. Simple as that.

根据最近的链上数据，比特币的长期持有人（LTHS）正在销售狂欢。加密分析公司Alphractal指出X指出，这些经验丰富的投资者将硬币移动的速度显着放缓。这是基于被摧毁的硬币日（CDD）多个度量标准，该指标跟踪了相对于历史平均值的旧硬币。销毁的硬币日更少？销售压力较小。那样简单。

What This Means for Bitcoin's Price

这对比特币的价格意味着什么

Bitcoin's been dancing around the $108,500 mark after a recent dip, but these experienced investors aren't rushing to cash out. Instead, they seem to be hunkering down and holding onto their coins. As Alphractal puts it, this suggests these investors are waiting for stronger market moves. Historically, this behavior from the OGs of Bitcoin has often preceded periods of accumulation, offering some stability and preventing further price drops.

在最近一次下降后，比特币在$ 108,500的左右跳舞，但这些经验丰富的投资者并没有急于兑现。取而代之的是，他们似乎在努力，坚持自己的硬币。正如Alphractal所说，这表明这些投资者正在等待更强大的市场转移。从历史上看，比特币OGS的这种行为通常是在积累之前先于积累之前，提供了一些稳定性并防止价格下降。

Bitcoin vs Gold: The Digital Safe Haven

比特币与黄金：数字避风港

Speaking of stability, Bitcoin's increasingly being seen as a digital alternative to gold. While gold has traditionally been the go-to safe-haven asset, institutional investors are starting to view Bitcoin as a hedge against inflation. Sure, Bitcoin's had its fair share of volatility, but as the market matures, those wild swings are becoming less dramatic. This shift in perception is huge and could solidify Bitcoin's role in modern finance.

说到稳定性，比特币越来越被视为黄金的数字替代品。尽管黄金传统上一直是首选的资产，但机构投资者开始将比特币视为抵制通货膨胀的对冲。当然，比特币的波动性相当大，但是随着市场的成熟，这些狂野的摇摆变得不那么戏剧性。这种感知的转变是巨大的，可以巩固比特币在现代金融中的作用。

Regulatory Hurdles and the Road Ahead

监管障碍和前进的道路

Of course, it's not all smooth sailing. As Bitcoin gains more mainstream traction, regulatory challenges are popping up left and right. From the EU's Markets in Crypto-Assets Regulation (MiCA) to Anti-Money Laundering (AML) rules, compliance is becoming a major headache for businesses. Navigating this regulatory maze will be crucial for Bitcoin's continued growth and acceptance.

当然，这并不是所有的航行顺利。随着比特币获得更多主流牵引力，监管挑战左右出现。从加密资产管理法规（MICA）的欧盟市场到反洗钱（AML）规则，合规性正成为企业的主要头痛。导航这种监管迷宫对于比特币的持续增长和接受至关重要。

The Bottom Line: Is Bitcoin Ready for a Bull Run?

最重要的是：比特币准备好牛吗？

So, what's the verdict? If history is any guide, the reduced selling pressure from long-term holders could be laying the groundwork for Bitcoin's next big expansion. Keep a close eye on those moves around the recent swing low, and pay attention to CDD activity. While I am not a financial advisor, this dip in selling, coupled with Bitcoin's growing appeal as a digital gold, paints a pretty bullish picture.

那么，判决是什么？如果历史是任何指南，那么长期持有人的销售压力减轻可能会为比特币的下一个大型扩张奠定基础。密切关注最近秋千的动作，并注意CDD活动。虽然我不是财务顾问，但这种销售中的下跌，再加上比特币作为数字黄金的魅力日益吸引人，它描绘了一幅相当看的图片。

Disclaimer: I am only an AI Chatbot. Consult with a qualified financial advisor before making any investment decisions.

免责声明：我只是AI聊天机器人。在做出任何投资决策之前，请咨询合格的财务顾问。

Final Thoughts: Buckle Up, Buttercup!

最终想法：扣紧，毛cup！

Alright, folks, that's the lowdown. Bitcoin's long-term holders are playing it cool, and that could mean some exciting times ahead. Whether you're a seasoned crypto pro or just dipping your toes in the water, keep your eyes peeled and your wits about you. The future of Bitcoin is looking brighter than ever, so let's see where this wild ride takes us!

好吧，伙计们，这是低点。比特币的长期持有人在玩凉爽，这可能意味着未来的一些激动人心的时刻。无论您是经验丰富的加密货币专业人士，还是只是将脚趾浸入水中，都可以剥去眼睛和智慧。比特币的未来看起来比以往任何时候都更加光明，所以让我们看看这种狂野的骑行将我们带到哪里！