Market Performance of Kaspa (KAS)

Kaspa (KAS) 的市场表现

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) 近期的市场表现乏善可陈。周三，KAS 价格下跌 4%，交易量下降 10.44%。截至撰写本文时，KAS 的估值为 0.1686 美元。

Short-Term Holders Contributory to Price Volatility

短期持有者对价格波动有贡献

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.

加密货币分析师吉姆（在推特上被称为@Cryptographur）将抛售压力主要归因于短期持有者。这些投资者持有期限不足六个月，缺乏信心，在市场低迷时期容易因恐惧而抛售。

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 超过六个月的长期持有者由于其盈利能力和出售可能性较低而表现出更大的信心。

Chart Analysis

图表分析

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 的图表描绘了短期持有者持有的 KAS 供应百分比，该图表显示 2023 年初有所下降，同时价格波动加剧。这种行为表明短期持有者更有可能在价格波动期间卖出，从而加剧了波动性。

Strong Conviction Among Long-Term Holders

长期持有者坚定信念

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，跟踪长期持有者供应的图表显示持续增长，超过 40%。这表明这些投资者不会受到短期价格走势的影响，并对 Kaspa 的未来保持信心。

Correlation Between Price Trends and Holding Patterns

价格趋势与持有模式之间的相关性

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.

短期和长期持有者之间的不同行为对于理解 Kaspa 的价格走势至关重要。随着长期持有者的积累并保持不活跃，他们的存在减少了整体抛售压力。然而，短期持有者因恐惧而抛售会造成暂时的波动。

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.

图表清楚地说明了这种动态，短期持有者在市场逢低抛售，而长期持有者提供了稳定的基础，可能有助于 Kaspa 的长期上升趋势。