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Glassnode \u8207 Coinbase Institutional \u806f\u5408\u767c\u5e03\u7684\u7b2c\u4e09\u5b63\u5831\u544a\u6307\u51fa\uff0c\u6bd4\u7279\u5e63\uff08BTC\uff09\u6b63\u8655\u65bc\u6f5b\u5728\u300c\u7bc9\u5e95\u300d\u9032\u7a0b\u7684\u65e9\u671f\u968e\u6bb5\uff0c\u4f46\u66ab\u672a\u69cb\u6210\u53ef\u6301\u7e8c\u7684\u9577\u671f\u4f4e\u4f4d\u3002\u5169\u5bb6\u6a5f\u69cb\u5728\u672c\u5b63\u7dad\u6301\u4e2d\u6027\u7acb\u5834\uff0c\u4e26\u8a8d\u70ba\u50f9\u683c\u8d70\u52e2\u66f4\u591a\u8207\u6d41\u52d5\u6027\u5468\u671f\u639b\u920e\uff0c\u800c\u975e\u7531\u52a0\u5bc6\u8ca8\u5e63\u81ea\u8eab\u50ac\u5316\u56e0\u7d20\u4e3b\u5c0e\uff0c\u56e0\u5b8f\u89c0\u6d41\u52d5\u6027\u74b0\u5883\u4ecd\u7136\u7a69\u5065\u3002\u7b2c\u4e8c\u5b63\u6574\u9ad4\u52a0\u5bc6\u5e02\u5834\u7e3d\u5e02\u503c\u7d04\u4e0b\u8dcc12%\uff0c\u540c\u6642\u7a69\u5b9a\u5e63\u4f9b\u61c9\u91cf\u5347\u81f3\u6b77\u53f2\u65b0\u9ad8\u3001\u5176\u5e02\u4f54\u7387\u4e0a\u5347\uff0c\u53cd\u6620\u8cc7\u91d1\u8f2a\u52d5\u81f3\u7a69\u5b9a\u5e63\u3002\u73fe\u884c\u6bd4\u7279\u5e63\u5468\u671f\u59cb\u65bc2022\u5e74\uff0c\u81f3\u4eca\u5df2\u6301\u7e8c42\u500b\u6708\uff0c\u4e26\u65bc2025\u5e74\u7b2c\u4e00\u5b63\u958b\u59cb\u504f\u96e22015\u81f32018\u5e74\u7684\u5468\u671f\u6a21\u5f0f\u3002<\/p>\n

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\u7531\u65bc\u672a\u5e73\u5009\u5408\u7d04\u4ecd\u660e\u986f\u4f4e\u65bc2025\u5e74\u672b\u7684\u9ad8\u5cf0\uff0c\u73fe\u968e\u6bb5\u51fa\u73fe\u5927\u898f\u6a21\u3001\u7a81\u767c\u5f0f\u5f37\u5e73\u7684\u98a8\u96aa\u76f8\u5c0d\u8f03\u4f4e\u3002\u4e0d\u904e\uff0c\u4e0b\u884c\u98a8\u96aa\u4ecd\u9700\u8b66\u60d5\uff0c\u4e00\u65e6\u8dcc\u7a7f\u95dc\u9375\u652f\u6301\u4f4d\uff0c\u6216\u5f15\u767c\u300c\u6eef\u5f8c\u5f0f\u6295\u964d\u5f0f\u62cb\u552e\u300d\u3002\u5efa\u8b70\u7dad\u6301\u504f\u4fdd\u5b88\u7684\u5009\u4f4d\u898f\u6a21\uff0c\u4e26\u5728\u96b1\u542b\u6ce2\u5e45\u8655\u65bc\u8f03\u4f4e\u6c34\u5e73\u6642\uff0c\u91cd\u9ede\u4ee5\u7d2f\u7a4d\u9577\u7dda\u770b\u6f32\u671f\u6b0a\uff08long-term call options\uff09\u4f5c\u90e8\u7f72\u3002<\/p>\n\n\n\n

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