谁赢了？ XRP在SOL时闪耀，ETH持有人流血

最近的市场细分将主要加密货币的当前价格与2024年12月至2025年1月的欣快买家的成本基础进行了比较，这是积极积累的关键时期。

A recent analysis from Glassnode delves into the mid-term realized prices of major cryptocurrencies, offering a glimpse into the market's condition and highlighting which coins might be in the red.

GlassNode最近的一项分析对中期实现的主要加密货币价格进行了研究，从而瞥见了市场状况，并强调了哪种硬币可能是红色的。

The time period in December 2024 to January 2025 saw a surge in buyers, accumulating coins at price points that now determine their individual gains or losses.

2024年12月至2025年1月的时间段看到了买家的激增，以价格点积累了硬币，这些硬币现在决定了他们的个人损失或损失。

The analysis focuses on four major coins: Bitcoin, Ethereum, Solana, and XRP. The charts, created by Glassnode, display the realized prices according to the age of the coins.

该分析侧重于四个主要硬币：比特币，以太坊，Solana和XRP。玻璃节创建的图表根据硬币的年龄显示已实现的价格。

Solana (SOL)

Solana（Sol）

The chart for Solana shows that the majority of coins are currently trading below the 3-to-6-month holders' cost basis, which is highlighted in purple. This suggests that many recent buyers of Solana are "underwater," or holding coins valued lower than their purchase price.

Solana的图表表明，大多数硬币目前的交易低于3到6个月的持有人的成本基础，这在紫色中突出显示。这表明许多最近的索拉纳买家是“水下”，或者持有的硬币价值低于其购买价格。

The deep red area towards the chart's left showcases the price levels at which coins were last moved during the bear market of 2023.

朝向图表的深红色区域展示了在2023年熊市中最后移动硬币的价格水平。

The price at which the 3-to-6-month coins were realized is around $68, while Solana is currently trading at $48.

3到6个月的硬币实现的价格约为68美元，而Solana目前的交易价格为48美元。

The analysis notes that typically, price consolidation occurs below these mid-term realized prices, a factor that might indicate market fragility and potential selling pressure. However, if buyers return with strong demand, it could shift the market into a new bull cycle.

分析指出，价格合并通常在这些中期实现的价格以下，这可能表明市场脆弱性和潜在的销售压力。但是，如果买家的需求强劲，它可能会将市场转变为新的牛周期。

XRP

The chart for XRP tells a similar story, with most coins valued below the 3-to-6-month holders' cost basis, which is marked in green.

XRP的图表讲述了一个类似的故事，大多数硬币的价值低于3到6个月的持有人的成本基础，该成本标记为绿色。

The deepest red zone on the chart shows the price levels at which coins were last moved during the bear market of 2023. The price at which the 3-to-6-month coins were realized is around $0.42, compared to the current price of $0.34.

图表上最深的红色区域显示了在2023年熊市中最后移动硬币的价格水平。实现3到6个月的硬币的价格约为0.42美元，而目前的价格为0.34美元。

The consolidation of the price below these mid-term realized prices might indicate market fragility and potential selling pressure. But if buyers return with strong demand, it could shift the market into a new bull cycle.

价格低于这些中期实现价格的价格的合并可能表明市场脆弱性和潜在的销售压力。但是，如果买家的需求强劲，它可能会将市场转变为新的公牛周期。

Ethereum (ETH)

以太坊（ETH）

The chart for Ethereum highlights the mid-term realized prices in the yellow band, showing that a portion of coins are valued below this level.

以太坊的图表强调了黄色带中期实现的价格，表明一部分硬币的价值低于此水平。

The deepest red zone on the chart shows the price levels at which coins were last moved during the bear market of 2023. The price at which the 3-to-6-month coins were realized is around $2,100, compared to the current price of $1,700.

图表上最深的红色区域显示了在2023年熊市中最后移动硬币的价格水平。实现3到6个月的硬币的价格约为2,100美元，而目前的价格为1,700美元。

The consolidation of the price below these mid-term realized prices might indicate market fragility and potential selling pressure. But if buyers return with strong demand, it could shift the market into a new bull cycle.

价格低于这些中期实现价格的价格的合并可能表明市场脆弱性和潜在的销售压力。但是，如果买家的需求强劲，它可能会将市场转变为新的公牛周期。

Bitcoin (BTC)

比特币（BTC）

The chart for Bitcoin shows that most coins are valued above the 3-to-6-month holders' cost basis, which is highlighted in orange. This suggests that many recent buyers of Bitcoin are in the green.

比特币的图表表明，大多数硬币的价值高于3到6个月的持有人的成本基础，该成本以橙色突出显示。这表明，最近的许多比特币买家处于绿色状态。

The deepest red zone on the chart shows the price levels at which coins were last moved during the bear market of 2023. The price at which the 3-to-6-month coins were realized is around $9,000, compared to the current price of $10,000.

图表上最深的红色区域显示了在2023年熊市中最后移动硬币的价格水平。实现3到6个月的硬币的价格约为9,000美元，而目前的价格为10,000美元。

The consolidation of the price above these mid-term realized prices might indicate market strength and potential buying pressure. But if sellers return with strong demand, it could shift the market into a deeper correction.

价格高于这些中期实现价格的价格的合并可能表明市场实力和潜在的购买压力。但是，如果卖家需求强劲，它可能会将市场转化为更深入的更正。

The analysis from Glassnode provides valuable insights into the mid-term realized prices of major cryptocurrencies. These prices are critical levels that could determine the future trajectory of the market.

GlassNode的分析为主要加密货币的中期实现价格提供了宝贵的见解。这些价格是可以决定市场未来轨迹的关键水平。

If the price manages to close above these mid-term realized prices with buyers returning in droves, it could signal a shift in the balance of power towards buyers, potentially setting the stage for a new bull cycle. However, if the price continues to consolidate below these levels with sellers returning, it might indicate persistent selling pressure, potentially leading to deeper corrections.

如果价格设法超过了这些中期实现的价格，而买家却陷入了困境，则可能表明对买家的权力平衡发生了变化，有可能为新的公牛周期奠定基础。但是，如果价格继续在卖方返回的情况下巩固低于这些水平，则可能表明持续的卖出压力，可能会导致更深的校正。

Only time will tell which scenario will unfold, but the coming months will be crucial in determining the fate of the cryptocurrency market.

只有时间才能说明哪种情况将展开，但是未来几个月对于确定加密货币市场的命运至关重要。