BTC达到短期持有人的成本基础 - 支持持有吗？

根据市场分析平台Alphractal的更新，比特币再次达到了关键的价格门槛 - 短期持有人（STH）实现了成本基础。

Bitcoin has hit a key price zone — the Short-Term Holders’ realized cost basis, according to blockchain analytics platform Alphractal. However, instead of pausing or accumulating, these holders appear to be distributing.

根据区块链分析平台Alphractal的数据，比特币已经达到了关键价格区 - 短期持有人的实现成本基础。但是，这些持有人似乎没有暂停或累积，而是在分发。

As highlighted by Alphractal, the selling pressure can be attributed to short-term holders returning to profitability. When BTC crosses above their average entry price, many of these market participants prefer to lock in gains, leading to distribution rather than further accumulation.

正如Alphractal所强调的那样，销售压力可以归因于短期持有人重返盈利能力。当BTC超过其平均入门价格时，许多这些市场参与者更喜欢锁定收益，从而导致分销而不是进一步的积累。

“For now, this zone acts as strong support, and Short-Term Holders will likely try to defend it at all costs.”

“目前，该区域是强有力的支持，而短期持有人可能会不惜一切代价捍卫它。”

The STH Realized Price represents the average purchase price of Bitcoin held by wallets with transactions within the past 155 days. If BTC manages to sustain itself above this level, it could indicate a continuation of the upward trend. Conversely, breaking below this zone might invite another round of selling, weakening support and paving the way for downside volatility.

STH意识到的价格代表了过去155天内的钱包持有的比特币的平均购买价格。如果BTC设法维持高于此级别，则可以表明延续上升趋势。相反，突破该区域可能会邀请另一轮销售，削弱支持并为下行波动铺平道路。