作為 Bitcoin 價格逼近歷史高位,有多少供應盈利?

By Bitcoin 雜誌 - 2 年前 - 閱讀時間:2 分鐘

作為 Bitcoin 價格逼近歷史高位,有多少供應盈利?

當我們接近 bitcoin price all-time highs, we start to see the percentage of circulating supply in profit reach 100%.

以下內容來自最近一期的 Deep Dive, Bitcoin 雜誌的優質市場通訊。 成為第一批獲得這些見解和其他鏈上信息的人 bitcoin 市場分析直接發送到您的收件箱, 現在訂閱.

Supply In Profit

當我們接近 bitcoin price all-time highs, we will start to see the percentage of circulating supply in profit climb up to 100%. More importantly, we will see long-term holder supply climb to higher profit ranges. Since long-term holders are driving the market with 81% of circulating supply, their profit-taking behavior is key to identifying when the market may cool down as price starts to rip up to new highs. Long-term holders realizing huge profits into previous ATHs signaled the spot market cooling down as derivatives markets took over.

Currently, 95.2% of all bitcoin supply is in profit. During bull cycle top run-ups, supply can exist over 95% in profit for several weeks before healthy drawdowns. Even after these drawdowns, the larger trend can exist for months during bull cycles. 

資源: 格拉斯節點

Supply In Loss

bitcoin supply in loss has hit a six-month low. This further shows how little stands in the way between new all-time highs; any holder that wishes to exit at breakeven cost will likely have the opportunity over the coming days/weeks ahead.

資源: Glassnode

With the feverish increase in holdings by long-term holders since the middle of 2021, the percentage of supply held by said holders continues to break all-time highs.

A different (inverse) look, showing the percentage of short-term holder supply, shows the historic supply squeeze currently taking place. Historically, when short-term holder supply approaches approximately 20%, a bitcoin move upwards is in play. The proverbial spring looks to be as coiled as ever.

資源: Glassnode

原始來源: Bitcoin 雜誌