hey,Bro
Another milestone achieved
Starting today, I've officially signed on as a ForeDex Certified Analyst! @ForeDex_Global
The road ahead is long and arduous.
On-chain metrics are worth studying along the way.
Long-term holders are still in a profitable position, and the bottom of the bear market still needs to be confirmed.
#On-chain metrics analysis
In the picture:
Black line: BTC price
Blue line: LTH Realized Price (Long-term holders' realized price)
The current image shows:
BTC price: Approximately $66,054
LTH Realized Price: Approximately US$49,950
The price difference between the two is approximately $16,000.
According to the latest market trends,
BTC is currently trading in a range of around $60,000 to $66,000.
A significant signal has emerged regarding the cost line for long-term BTC holders.
The current price of BTC is approximately $66,000, while the LTH Realized Price is approximately $49,900.
The price is still about 32% higher than the average cost of long-term holders, indicating that long-term holders are still in a profitable state overall, and there is no large-scale loss of long-term holdings in the market.
Historically, when BTC falls below the cost line for long-term holders, it often corresponds to a bear market pressure phase.
When prices rise back above this cost line, it usually indicates that the market structure is beginning to recover and long-term funds regain the upper hand.
Currently, BTC is still trading above the LTH Realized Price, indicating that the confidence of long-term holders has not been significantly undermined.
However, the current price is already far from the long-term cost line, which also means that the market has entered a high-level stage.
If BTC continues to rise, and the cost line for long-term holders rises in tandem, it indicates that the bull market structure remains healthy.
If prices fall rapidly and approach the LTH Realized Price, we should be wary of increased long-term funding pressures.
Current market status:
The long-term trend remains strong.
The chip structure remains stable.
However, higher price levels require further capital inflows for confirmation.
BTC is currently in a strong consolidation phase rather than a bottoming-out phase.
Next, more important than price is observing whether the cost line for long-term holders continues to rise.
兄弟们
又一个里程碑达成
今天起 正式签约成为 ForeDex @ForeDex_Global 认证分析师 成员啦
路漫漫其修远兮
链上指标值得一路研究
长期持有者依然处于盈利状态,熊市底部仍然有待确认
#链上指标分析
图中:
黑色线:BTC价格
青色线:LTH Realized Price 长期持有者已实现价格
当前图中显示:
BTC价格:约 66,054 美元
LTH Realized Price:约 49,950 美元
两者价差约 16,000 美元。
从最新行情看,
BTC近期仍处于6万至6.6万美元附近震荡区间
BTC长期持有者成本线出现重要信号。
当前BTC价格约6.6万美元,而LTH Realized Price约4.99万美元。
价格仍高于长期持有者平均成本约32%,说明长期持币者整体依然处于盈利状态,市场没有出现长期筹码大规模亏损。
历史周期中,BTC跌破长期持有者成本线,往往对应熊市压力阶段。
而当价格重新站上该成本线后,通常代表市场结构开始修复,长期资金重新占据优势。
目前BTC仍运行在LTH Realized Price上方,说明长期持有者信心没有明显破坏。
不过,当前价格距离长期成本线已经拉开较大空间,也意味着市场进入高位阶段。
如果BTC继续上涨,同时长期持有者成本线同步抬升,说明牛市结构仍然健康。
如果价格快速回落并接近LTH Realized Price,需要警惕长期资金压力增加。
当前市场状态:
长期趋势仍偏强。
筹码结构保持稳定。
但高位区域需要更多资金流入确认。
BTC现在更像是强势震荡阶段,而不是底部积累阶段。
接下来,比价格更重要的是观察长期持有者成本线是否继续上移。