GlassNode的积累趋势得分已达到其最大值1.0

GlassNode的累积趋势得分已达到1.0的最大值，这表明投资者的基于广泛的积极积累，而与他们已经持有的BTC数量无关。

Glassnode's Accumulation Trend Score, designed to measure the strength of buying activity across different investor cohorts, has reached its maximum value of 1.0, highlighting a broad-based and aggressive accumulation pattern.

GlassNode的累积趋势得分旨在衡量不同投资者队列购买活动的强度，其最大值为1.0，突出了一种基于广泛的积极积累模式。

The metric, which analyzes the relative buying strength across wallet cohorts based on their existing bitcoin holdings and the amount accumulated over the past 15 days, reached 1.0 in the latest reading. It excludes exchange and miner wallets to avoid any potential distortion of the analysis.

该指标根据现有的比特币持有量以及过去15天积累的数量来分析钱包同伙的相对购买强度，在最新阅读中达到了1.0。它不包括交换和矿工钱包，以避免分析的任何潜在变形。

The analysis begins with the largest “whale” cohort, holding over 10,000 BTC, which began its latest accumulation phase in early May. As the price rose, cohorts with smaller holdings, such as those holding 1,000 to 10,000 BTC, followed suit, increasing their buying activity and converging on similar levels of relative buying strength.

分析始于最大的“鲸鱼”队列，持有10,000多个BTC，该队列于5月初开始了最新的积累阶段。随着价格上涨，人群拥有较小的持股，例如那些拥有1,000至10,000 BTC的人，也随之而来，增加了他们的购买活动并以相似的相对购买强度融合。

This stands in stark contrast to the period from January to April, when most cohorts were largely reducing their holdings as bitcoin slid from its then-record high of $109,000 to lows around $75,000.

这与从一月到四月的时期形成鲜明对比，当时大多数同伙在很大程度上将其持有量从当时的纪录高点减少到109,000美元，从而低于75,000美元的低点。

Renewed demand is also evident in options market activity, with large bullish positions observed, according to data from CoinDesk Research.

根据Coindesk Research的数据，在期权市场活动中的新需求也很明显，并且观察到了大的看涨立场。

The $300,000 strike for June expiry has emerged as the most popular call option, with $620 million in notional value, while another cluster of $420 million is at the $200,000 strike.

6月到期的300,000美元罢工已成为最受欢迎的呼叫选项，其名义价值为6.2亿美元，而另一个4.2亿美元的集群为20万美元。

Typically, bitcoin tends to decline after reaching an all-time high as investors engage in profit-taking activities. However, traditional assets, such as the S&P 500 and gold, often continue their rallies in a more gradual manner.

通常，随着投资者从事盈利活动，比特币往往会下降。但是，传统资产，例如标准普尔500指数和黄金，通常以更逐步的方式继续集会。

If bitcoin were to exhibit a similar pattern of sustained buying pressure after a period of rapid price increase, it may indicate the beginning of a sustained bull cycle, a development that many market participants are keenly observing.

如果比特币在价格上涨一段时间后表现出类似的持续购买压力模式，则可能表明持续的牛周期的开始，这一发展是许多市场参与者敏锐地观察的。