Market Performance of Kaspa (KAS)

Kaspa (KAS) 的市場表現

Kaspa's (KAS) recent market performance has been lackluster. The KAS price experienced a 4% decrease on Wednesday, accompanied by a 10.44% decline in trading volume. At the time of writing, KAS is valued at $0.1686.

Kaspa (KAS) 近期的市場表現乏善可陳。週三，KAS 價格下跌 4%，交易量下降 10.44%。截至撰寫本文時，KAS 的估值為 0.1686 美元。

Short-Term Holders Contributory to Price Volatility

短期持有者對價格波動有貢獻

Crypto analyst Jim, known as @Cryptographur on Twitter, attributed the selling pressure primarily to short-term holders. These investors, with a holding period of less than six months, lack conviction and are prone to selling out of fear during market downturns.

加密貨幣分析師吉姆（在推特上被稱為@Cryptographur）將拋售壓力主要歸因於短期持有者。這些投資者持有期限不到六個月，缺乏信心，在市場低迷時期容易因恐懼而拋售。

In contrast, long-term holders, who have held KAS for over six months, exhibit greater confidence due to their profitability and reduced likelihood of selling.

相比之下，持有 KAS 超過六個月的長期持有者由於其盈利能力和出售可能性較低而表現出更大的信心。

Chart Analysis

圖表分析

Jim's chart, depicting the percentage of KAS supply held by short-term holders, showed a decrease during early 2023, coinciding with increased price volatility. This behavior suggests that short-term holders are more likely to sell during price fluctuations, exacerbating the volatility.

Jim 的圖表描繪了短期持有者持有的 KAS 供應百分比，該圖表顯示 2023 年初有所下降，同時價格波動加劇。這種行為表明短期持有者更有可能在價格波動期間賣出，從而加劇了波動性。

Strong Conviction Among Long-Term Holders

長期持有者堅定信念

Conversely, the chart tracking long-term holders' supply indicates a consistent increase, exceeding 40%. This suggests that these investors are not swayed by short-term price movements and remain confident in Kaspa's future.

相反，追蹤長期持有者供應的圖表顯示持續成長，超過 40%。這表明這些投資者不會受到短期價格走勢的影響，並對 Kaspa 的未來保持信心。

Correlation Between Price Trends and Holding Patterns

價格趨勢與持有模式之間的相關性

The divergent behavior between short-term and long-term holders is fundamental to understanding Kaspa's price movements. As long-term holders accumulate and remain inactive, their presence reduces overall sell pressure. However, short-term holders' sell-offs driven by fear create temporary volatility.

短期和長期持有者之間的不同行為對於理解 Kaspa 的價格走勢至關重要。隨著長期持有者的累積並保持不活躍，他們的存在減少了整體拋售壓力。然而，短期持有者因恐懼而拋售會造成暫時的波動。

The charts clearly illustrate this dynamic, with short-term holders selling at market dips while long-term holders provide a stable foundation, potentially contributing to Kaspa's long-term upward trend.

圖表清楚地說明了這種動態，短期持有者在市場逢低拋售，而長期持有者提供了穩定的基礎，可能有助於 Kaspa 的長期上升趨勢。