BTC，玻璃节和卖家：有什么交易？

解码比特币的价格动作：卖家失去了蒸汽吗？玻璃节数据和全球流动性是下一个重大举措的关键。另外，短期持有人是什么？

Yo, crypto fam! What's the lowdown on Bitcoin? It's been a wild ride, but things have been kinda...stuck lately. Let's break down what's going on with BTC, Glassnode's insights, and those sellers everyone's talking about.

哟，加密货币。比特币的低点是什么？这是一个疯狂的旅程，但是事情有点……最近。让我们分解BTC，GlassNode的见解以及每个人在谈论的那些卖家的情况。

Liquidity is the Name of the Game

流动性是游戏的名称

The big brains at Glassnode, Yann Allemann and Jan Happel, are saying that global liquidity is the key to unlocking Bitcoin's next major move. They think the market's in a stalemate. Sellers ain't got much firepower, and buyers are chilling on the sidelines. The only thing that's gonna shake things up is a shift in money supply.

GlassNode的大脑，Yann Alemann和Jan Happel说，全球流动性是解锁比特币的下一个重大举措的关键。他们认为市场陷入僵局。卖家没有太多火力，买家在场上感到不寒而栗。唯一会动摇的是货币供应的转变。

Good news? They see liquidity quietly turning back on. They even gave a four-day heads-up before M2 liquidity was expected to bounce. So, the window for bears to drag the market down might be closing.

好消息？他们看到流动性悄悄地重新打开。他们甚至在预计M2流动性反弹之前进行了为期四天的比赛。因此，熊拖下市场的窗口可能正在关闭。

What's M2 Got to Do With It?

M2与它有什么关系？

M2 liquidity is basically a measure of the money supply in places like the Eurozone and the US. Bitcoin's price tends to follow changes in M2, so this is something to keep an eye on. FRED data showed M2 peaking in April, but it's been holding steady. If Allemann and Happel are right, we could see some bullish momentum soon.

M2流动性基本上是对欧元区和美国等地方的货币供应的量度。比特币的价格倾向于遵循M2的变化，因此这是值得关注的事情。弗雷德（Fred）的数据显示，M2在4月达到峰值，但一直保持稳定。如果Allemann和Happel是对的，我们很快就会看到一些看涨的势头。

Short-Term Holders Feeling the Heat

短期持有人感到热量

Now, let's talk about those short-term holders. They've been playing a big role in Bitcoin's recent dips. On-chain data shows they're selling at a loss as BTC dips below key support levels. The Short-Term Holder MVRV is below its long-term average, which means they're undervalued relative to realized value.

现在，让我们谈谈那些短期持有人。他们在比特币最近的下降中发挥了重要作用。链上的数据表明，由于BTC下降到关键支持水平以下，因此他们正在出售。短期持有人MVRV低于其长期平均水平，这意味着相对于实现价值而被低估了。

Basically, these guys are feeling the pressure and selling off. But here's the thing: the broader market is still largely profitable. Over 90% of Bitcoin holdings are in the green, and long-term holders and big institutions are holding steady or even buying the dips. Smart money move, if you ask me.

基本上，这些家伙感到压力并卖掉了。但这是事实：更广泛的市场仍然很大程度上是有利可图的。超过90％的比特币持有量是绿色的，长期持有人和大型机构都保持稳定甚至购买跌幅。聪明的钱移动，如果你问我。

Robert Kiyosaki's "Easy Millions"

罗伯特·基亚萨基（Robert Kiyosaki）的“轻松数百万”

Robert Kiyosaki, the "Rich Dad Poor Dad" dude, is all over Bitcoin, calling it the "easiest millions" he's ever made. He's comparing it to the grind of real estate. "No mess, no stress. Just set it and forget it," he says. Sounds good, right? But Glassnode's data shows the market's taking a breather, so keep your eyes open.

罗伯特·基亚萨基（Robert Kiyosaki）是“有钱的爸爸爸爸”杜德（Dude Dude），遍布比特币，称其为他制造的“最容易的数百万”。他将其与房地产的磨削进行了比较。他说：“没有混乱，没有压力。只是设定而忘记它。”听起来不错，对吧？但是GlassNode的数据显示了市场的呼吸器，因此请睁大眼睛。

The Bottom Line

底线

Bitcoin's at a crossroads. Global liquidity, short-term holder behavior, and overall market sentiment are all playing a part. Keep an eye on that M2 supply and watch how the big players are moving. It might just give you a clue about what's coming next.

比特币在十字路口。全球流动性，短期持有人的行为和整体市场情绪都在发挥作用。密切关注M2供应，并观察大型球员的移动方式。它可能只会为您提供接下来会发生什么的线索。

So, there you have it. Bitcoin's a complex beast, but with a little digging and some help from the folks at Glassnode, you can get a handle on what's driving the market. Now go forth and trade wisely (but not *too* wisely, or you'll miss all the fun!).

所以，你有。比特币是一只复杂的野兽，但是稍作挖掘和玻璃节的人们的帮助，您可以掌握驱动市场的原因。现在去明智地进行交易（但不是太明智地 *，否则您会错过所有的乐趣！）。