Glassnode 链上报告显示比特币持有者在市场不确定性中表现出新的承诺

分析公司 Glassnode 的最新链上报告强调了持有（报告中称为“HODLing”）行为的复苏

Onchain analytics firm Glassnode has reported a shift in the holding behavior among bitcoin market participants, with a particular focus on long-term holders, amid the ongoing market volatility.

链上分析公司 Glassnode 报告称，在市场持续波动的情况下，比特币市场参与者的持有行为发生了变化，特别关注长期持有者。

Onchain data reveals that, following months of substantial distribution pressure, the trend is now shifting back toward accumulation. This is evident in the increasing Accumulation Trend Score (ATS), which reached its maximum value of 1.0, indicating strong accumulation activities.

链上数据显示，在经历了几个月的巨大分配压力之后，现在的趋势正在转向积累。这一点在不断增加的积累趋势得分 (ATS) 中表现得很明显，该得分达到了最大值 1.0，表明积累活动强劲。

“Over the last few weeks, this trend is showing early signs of reversing, particularly for the largest wallet sizes which are often associated with ETFs,” Glassnode's research report states. “These large wallets appear to be returning to a regime of accumulation.”

Glassnode 的研究报告指出，“过去几周，这一趋势出现了逆转的早期迹象，特别是对于通常与 ETF 相关的最大钱包规模而言。” “这些大钱包似乎正在回归积累状态。”

The report also highlights the behavior of long-term holders (LTHs), who had significantly divested their assets during the run-up to bitcoin's all-time high (ATH) earlier this year. However, over the past three months, roughly 374,000 BTC have migrated back into long-term holding status, according to Glassnode's findings.

该报告还强调了长期持有者（LTH）的行为，他们在今年早些时候比特币创下历史新高（ATH）期间大幅抛售了资产。然而，根据 Glassnode 的调查结果，在过去三个月中，大约 374,000 BTC 已重新进入长期持有状态。

The figures indicate that despite the recent price volatility, LTHs are increasingly opting to retain their assets, contributing to a more stable market foundation. Glassnode's onchain data further shows that the Long-Term Holder Supply has returned to an upward trend, stating:

数据表明，尽管最近价格波动，LTH 越来越多地选择保留其资产，从而为更稳定的市场基础做出了贡献。 Glassnode 的链上数据进一步显示，长期持有者供应已恢复上升趋势，并指出：

“More recently, this metric has returned to positive territory, indicating that the LTH cohort are expressing a preference for holding onto their coins.”

“最近，这一指标又回到了正值，这表明 LTH 群体表达了持有代币的偏好。”

Lastly, Glassnode's analysis of the market's technical indicators suggests that the ongoing accumulation trend could lead to a reduction in volatility, as long-term holders continue to exhibit patience and resilience. The report points out that the Sell-Side Risk Ratio for LTHs remains low compared to previous market cycles, indicating that these investors are waiting for higher prices before resuming any significant selling.

最后，Glassnode 对市场技术指标的分析表明，随着长期持有者继续表现出耐心和弹性，持续的吸筹趋势可能会导致波动性降低。报告指出，与之前的市场周期相比，LTH 的卖方风险比率仍然较低，这表明这些投资者在恢复任何重大抛售之前正在等待更高的价格。

This, combined with the market's ability to maintain support near key levels, underscores a cautious optimism among long-term investors about BTC's future potential. Bitcoin climbed 2.3% on Tuesday afternoon on Aug. 13, peaking at $61,600 per unit at 1 p.m. EDT. Over the past week, BTC has risen more than 7% against the U.S. dollar.

再加上市场有能力维持关键水平附近的支撑，突显出长期投资者对比特币未来潜力的谨慎乐观态度。 8 月 13 日周二下午，比特币上涨 2.3%，美国东部时间下午 1 点达到每单位 61,600 美元的峰值。过去一周，BTC兑美元涨幅超过7%。

Glassnode's latest findings align with insights from cryptoquant.com, shared by the company's founder and CEO, Ki Young Ju, who highlighted an interesting trend: a significant amount of bitcoin has moved into long-term holder addresses in the past 30 days.

Glassnode 的最新发现与 cryptoquant.com 的见解一致，该公司创始人兼首席执行官 Ki Young Ju 分享了这一见解，他强调了一个有趣的趋势：在过去 30 天内，大量比特币已转移到长期持有者地址。

What do you think about Glassnode's latest onchain report? Share your thoughts and opinions about this subject in the comments section below.

您如何看待 Glassnode 最新的链上报告？在下面的评论部分分享您对此主题的想法和意见。