{"id":65945,"date":"2026-03-27T09:04:44","date_gmt":"2026-03-27T02:04:44","guid":{"rendered":"https:\/\/hbbgroup.net\/bitcoin-gained-655-the-last-time-this-supply-in-profit-metric-dropped-to-50\/"},"modified":"2026-03-27T10:01:20","modified_gmt":"2026-03-27T03:01:20","slug":"bitcoin-gained-655-the-last-time-this-supply-in-profit-metric-dropped-to-50","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/bitcoin-gained-655-the-last-time-this-supply-in-profit-metric-dropped-to-50\/","title":{"rendered":"Bitcoin t\u1eebng t\u0103ng 655% trong l\u1ea7n g\u1ea7n nh\u1ea5t ch\u1ec9 s\u1ed1 ngu\u1ed3n cung \u0111ang c\u00f3 l\u00e3i n\u00e0y gi\u1ea3m v\u1ec1 m\u1ed1c 50%."},"content":{"rendered":"
\n

T\u1ed5ng ngu\u1ed3n cung Bitcoin (BTC) \u0111ang c\u00f3 l\u00e3i \u0111\u1ee9ng \u1edf m\u1ee9c 60,6% v\u00e0o th\u1ee9 N\u0103m, ti\u1ebfp t\u1ee5c dao \u0111\u1ed9ng trong v\u00f9ng historically g\u1eafn li\u1ec1n v\u1edbi c\u00e1c pha reset c\u1ee7a chu k\u1ef3 th\u1ecb tr\u01b0\u1eddng. Tr\u01b0\u1edbc \u0111\u00f3, ch\u1ec9 s\u1ed1 n\u00e0y t\u1eebng gi\u1ea3m xu\u1ed1ng 50,8% v\u00e0o ng\u00e0y 5\/2, m\u1ee9c th\u1ea5p nh\u1ea5t k\u1ec3 t\u1eeb ng\u00e0y 2\/1\/2023, \u0111\u1ed3ng ngh\u0129a m\u1ed9t t\u1ef7 tr\u1ecdng l\u1edbn holder \u0111ang \u1edf tr\u1ea1ng th\u00e1i h\u00f2a v\u1ed1n ho\u1eb7c thua l\u1ed7.<\/p>\n

Nh\u1eefng \u0111i\u1ec1u ki\u1ec7n t\u01b0\u01a1ng t\u1ef1 trong c\u00e1c chu k\u1ef3 tr\u01b0\u1edbc th\u01b0\u1eddng xu\u1ea5t hi\u1ec7n tr\u01b0\u1edbc c\u00e1c nh\u1ecbp t\u0103ng m\u1ea1nh. V\u00e0o th\u00e1ng 1\/2023, BTC giao d\u1ecbch t\u1ea1i 16.682 USD khi t\u1ef7 l\u1ec7 ngu\u1ed3n cung c\u00f3 l\u00e3i \u1edf m\u1ee9c t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 51%, tr\u01b0\u1edbc khi b\u1eadt t\u0103ng 655% l\u00ean 126.000 USD v\u00e0o n\u0103m 2025.<\/p>\n

M\u1ed9t thi\u1ebft l\u1eadp t\u01b0\u01a1ng t\u1ef1 c\u0169ng xu\u1ea5t hi\u1ec7n v\u00e0o th\u00e1ng 3\/2020, khi t\u1ed5ng ngu\u1ed3n cung c\u00f3 l\u00e3i gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi 50% l\u00fac BTC giao d\u1ecbch quanh 6.500 USD, tr\u01b0\u1edbc khi m\u1edf ra nh\u1ecbp t\u0103ng l\u00ean 69.000 USD trong n\u0103m 2021.<\/p>\n

Kh\u1ea3 n\u0103ng sinh l\u1eddi c\u1ee7a Bitcoin quay v\u1ec1 v\u00f9ng \u0111\u00e1y c\u1ee7a c\u00e1c chu k\u1ef3 tr\u01b0\u1edbc<\/strong><\/h2>\n

Trong 5 n\u0103m qua, v\u00f9ng t\u1ef7 l\u1ec7 sinh l\u1eddi 50\u201360% nhi\u1ec1u l\u1ea7n \u0111\u00e1nh d\u1ea5u nh\u1eefng giai \u0111o\u1ea1n m\u00e0 ph\u1ea7n l\u1edbn holder \u0111\u1ee9ng g\u1ea7n gi\u00e1 v\u1ed1n c\u1ee7a BTC. \u0110i\u1ec1u n\u00e0y l\u00e0m co h\u1eb9p ph\u1ea7n l\u1ee3i nhu\u1eadn ch\u01b0a hi\u1ec7n th\u1ef1c h\u00f3a tr\u00ean to\u00e0n m\u1ea1ng l\u01b0\u1edbi v\u00e0 gi\u1ea3m \u0111\u1ed9ng l\u1ef1c b\u00e1n ra khi th\u1ecb tr\u01b0\u1eddng suy y\u1ebfu.<\/p>\n

\"Cryptocurrencies,<\/p>\n

T\u1ef7 l\u1ec7 ngu\u1ed3n cung Bitcoin \u0111ang c\u00f3 l\u00e3i (%). Ngu\u1ed3n: CryptoQuant<\/p>\n

C\u1ea7n l\u01b0u \u00fd r\u1eb1ng ch\u1ec9 s\u1ed1 n\u00e0y kh\u00f4ng x\u00e1c \u0111\u1ecbnh ch\u00ednh x\u00e1c \u0111\u00e1y gi\u00e1. N\u00f3 ch\u1ec9 ph\u00e1c h\u1ecda m\u1ed9t v\u00f9ng m\u00e0 t\u1ea1i \u0111\u00f3 qu\u00e1 tr\u00ecnh t\u00edch l\u0169y d\u00e0i h\u1ea1n \u0111\u00e3 t\u1ea1o ra m\u1ee9c sinh l\u1eddi cao, trong khi \u00e1p l\u1ef1c b\u00e1n \u1edf v\u00f9ng gi\u00e1 th\u1ea5p \u0111\u00e3 d\u1ecbu \u0111i.<\/p>\n

Trong c\u00e1c chu k\u1ef3 tr\u01b0\u1edbc, \u0111\u00e1y gi\u00e1 Bitcoin th\u01b0\u1eddng h\u00ecnh th\u00e0nh khi ch\u1ec9 s\u1ed1 l\u1ee3i nhu\u1eadn\/thua l\u1ed7 ch\u01b0a th\u1ef1c hi\u1ec7n r\u00f2ng c\u1ee7a holder d\u00e0i h\u1ea1n (LTH-NUPL) chuy\u1ec3n sang v\u00f9ng \u00e2m, nh\u01b0 t\u1eebng th\u1ea5y trong c\u00e1c th\u1ecb tr\u01b0\u1eddng g\u1ea5u n\u0103m 2015, 2018 v\u00e0 2022. Giai \u0111o\u1ea1n n\u00e0y ph\u1ea3n \u00e1nh th\u1eddi \u0111i\u1ec3m m\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n \u0111ang n\u1eafm gi\u1eef v\u1ecb th\u1ebf trong tr\u1ea1ng th\u00e1i thua l\u1ed7.<\/p>\n

Tuy nhi\u00ean, ch\u1ec9 s\u1ed1 LTH-NUPL hi\u1ec7n \u0111ang \u1edf g\u1ea7n m\u1ee9c 0,40, \u0111i\u1ec1u \u0111\u00f3 cho th\u1ea5y c\u00e1c holder d\u00e0i h\u1ea1n v\u1eabn \u0111ang c\u00f3 l\u00e3i kh\u00e1 \u0111\u00e1ng k\u1ec3, ngay c\u1ea3 khi t\u1ef7 l\u1ec7 ngu\u1ed3n cung c\u00f3 l\u00e3i tr\u00ean to\u00e0n m\u1ea1ng l\u01b0\u1edbi \u0111\u00e3 gi\u1ea3m v\u1ec1 g\u1ea7n v\u00f9ng \u0111\u00e1y c\u1ee7a chu k\u1ef3 th\u1ecb tr\u01b0\u1eddng.<\/p>\n<\/figcaption><\/figure>\n

\"Cryptocurrencies,
D\u1eef li\u1ec7u LTH-NUPL c\u1ee7a Bitcoin. Ngu\u1ed3n: CryptoQuant<\/p>\n

Kho\u1ea3ng ch\u00eanh n\u00e0y cho th\u1ea5y m\u00f4i tr\u01b0\u1eddng th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 c\u00f3 s\u1ef1 thay \u0111\u1ed5i. Ng\u00e0y c\u00e0ng nhi\u1ec1u ngu\u1ed3n cung Bitcoin hi\u1ec7n \u0111\u01b0\u1ee3c n\u1eafm gi\u1eef b\u1edfi c\u00e1c th\u1ef1c th\u1ec3 doanh nghi\u1ec7p v\u00e0 c\u00e1c qu\u1ef9 ETF giao ngay, nh\u1eefng b\u00ean hi\u1ec7n \u0111ang ki\u1ec3m so\u00e1t t\u1ed5ng c\u1ed9ng kho\u1ea3ng 15,8% l\u01b0\u1ee3ng cung l\u01b0u h\u00e0nh, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 3.319.677 BTC.<\/p>\n

C\u00e1c nh\u00f3m tham gia n\u00e0y th\u01b0\u1eddng ho\u1ea1t \u0111\u1ed9ng v\u1edbi khung n\u1eafm gi\u1eef d\u00e0i h\u01a1n v\u00e0 \u00edt nh\u1ea1y c\u1ea3m h\u01a1n v\u1edbi c\u00e1c bi\u1ebfn \u0111\u1ed9ng gi\u00e1 ng\u1eafn h\u1ea1n.<\/p>\n

V\u00ec v\u1eady, vi\u1ec7c t\u1ef7 l\u1ec7 sinh l\u1eddi tr\u00ean to\u00e0n th\u1ecb tr\u01b0\u1eddng BTC b\u1ecb co h\u1eb9p kh\u00f4ng c\u00f2n \u0111\u1ed3ng ngh\u0129a v\u1edbi m\u1ee9c \u0111\u1ed9 b\u00e1n th\u00e1o c\u01b0\u1ee1ng b\u1ee9c t\u1eeb c\u00e1c holder d\u00e0i h\u1ea1n gi\u1ed1ng nh\u01b0 nh\u1eefng g\u00ec t\u1eebng x\u1ea3y ra trong c\u00e1c chu k\u1ef3 tr\u01b0\u1edbc v\u00e0o c\u00e1c n\u0103m 2015, 2018 v\u00e0 2022.<\/p>\n

S\u1ef1 thay \u0111\u1ed5i n\u00e0y ph\u1ea7n n\u00e0o l\u00fd gi\u1ea3i v\u00ec sao ch\u1ec9 s\u1ed1 t\u1ed5ng ngu\u1ed3n cung \u0111ang c\u00f3 l\u00e3i c\u00f3 th\u1ec3 quay l\u1ea1i c\u00e1c v\u00f9ng t\u00edch l\u0169y l\u1ecbch s\u1eed, trong khi m\u1ee9c sinh l\u1eddi c\u1ee7a nh\u00f3m holder d\u00e0i h\u1ea1n v\u1eabn duy tr\u00ec \u1edf v\u00f9ng cao.<\/p>\n

B\u00ean li\u00ean quan:<\/span>\u00a0Bitcoin in \u2018later stages\u2019 of bear market: Watch these BTC price levels<\/strong><\/em><\/a><\/figcaption><\/figure>\n

D\u00f2ng ch\u1ea3y BTC l\u00ean s\u00e0n \u0111ang \u0111\u1ed3ng pha v\u1edbi c\u00e1c m\u00f4 h\u00ecnh \u0111\u1ecbnh gi\u00e1<\/strong><\/h2>\n

L\u01b0\u1ee3ng BTC t\u1eeb nh\u00f3m holder ng\u1eafn h\u1ea1n chuy\u1ec3n l\u00ean Binance \u0111\u00e3 gi\u1ea3m xu\u1ed1ng c\u00f2n 25.000 BTC v\u00e0o ng\u00e0y 25\/3. Nh\u00e0 ph\u00e2n t\u00edch crypto Darkfost cho bi\u1ebft \u0111\u00e2y l\u00e0 m\u1ee9c th\u1ea5p m\u1edbi c\u1ee7a th\u1ecb tr\u01b0\u1eddng, gi\u1ea3m m\u1ea1nh so v\u1edbi kho\u1ea3ng 100.000 BTC ghi nh\u1eadn trong \u0111\u1ee3t b\u00e1n th\u00e1o \u0111\u1ea7u th\u00e1ng 2. S\u1ef1 s\u1ee5t gi\u1ea3m n\u00e0y cho th\u1ea5y \u00e1p l\u1ef1c b\u00e1n mang t\u00ednh ph\u1ea3n \u1ee9ng t\u1eeb nh\u00f3m nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi tham gia th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 gi\u1ea3m r\u00f5 r\u1ec7t.<\/p>\n

\"Cryptocurrencies,
D\u00f2ng BTC t\u1eeb nh\u00f3m holder ng\u1eafn h\u1ea1n \u0111\u1ed5 l\u00ean Binance. Ngu\u1ed3n: CryptoQuant<\/p>\n

Trong khi \u0111\u00f3, nh\u00e0 ph\u00e2n t\u00edch crypto GugaOnChain cho r\u1eb1ng c\u00e1c m\u00f4 h\u00ecnh \u0111\u1ecbnh gi\u00e1 c\u00f3 th\u1ec3 gi\u00fap x\u00e1c \u0111\u1ecbnh nh\u1eefng v\u00f9ng m\u00e0 \u00e1p l\u1ef1c th\u1ecb tr\u01b0\u1eddng s\u00e2u h\u01a1n c\u00f3 th\u1ec3 xu\u1ea5t hi\u1ec7n \u0111\u1ed1i v\u1edbi BTC. Nh\u1eefng ch\u1ec9 s\u1ed1 nh\u01b0 market value to realized value (MVRV) d\u01b0\u1edbi 1, NUPL d\u01b0\u1edbi -0,2 v\u00e0 Puell Multiple quanh 0,35 trong l\u1ecbch s\u1eed th\u01b0\u1eddng xu\u1ea5t hi\u1ec7n \u1edf c\u00e1c giai \u0111o\u1ea1n \u00e1p l\u1ef1c b\u00e1n m\u1ea1nh t\u1eeb nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf l\u1ebb v\u00e0 khi th\u1ecb tr\u01b0\u1eddng r\u01a1i v\u00e0o tr\u1ea1ng th\u00e1i b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p.<\/p>\n

D\u00f9 c\u00e1c ch\u1ec9 b\u00e1o n\u00e0y kh\u00f4ng th\u1ec3 d\u1ef1 \u0111o\u00e1n ch\u00ednh x\u00e1c \u0111\u00e1y th\u1ecb tr\u01b0\u1eddng, ch\u00fang v\u1eabn gi\u00fap x\u00e1c \u0111\u1ecbnh nh\u1eefng v\u00f9ng m\u00e0 r\u1ee7i ro gi\u1ea3m th\u00eam trong qu\u00e1 kh\u1ee9 th\u01b0\u1eddng b\u1ecb gi\u1edbi h\u1ea1n so v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng d\u00e0i h\u1ea1n, qua \u0111\u00f3 mang l\u1ea1i g\u00f3c nh\u00ecn r\u00f5 h\u01a1n v\u1ec1 tr\u1ea1ng th\u00e1i \u0111\u1ecbnh v\u1ecb t\u1ed5ng th\u1ec3 c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p>\n

B\u00ean li\u00ean quan:<\/span>\u00a0Bitcoin dips 3% as analysis says $70K BTC price ‘not obviously bearish’<\/strong><\/em><\/a><\/figcaption><\/figure>\n<\/div>\n

B\u00e0i vi\u1ebft n\u00e0y kh\u00f4ng ch\u1ee9a l\u1eddi khuy\u00ean hay khuy\u1ebfn ngh\u1ecb \u0111\u1ea7u t\u01b0. M\u1ecdi quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 v\u00e0 giao d\u1ecbch \u0111\u1ec1u \u0111i k\u00e8m r\u1ee7i ro, v\u00e0 ng\u01b0\u1eddi \u0111\u1ecdc n\u00ean t\u1ef1 nghi\u00ean c\u1ee9u tr\u01b0\u1edbc khi \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh. D\u00f9 ch\u00fang t\u00f4i n\u1ed7 l\u1ef1c cung c\u1ea5p th\u00f4ng tin ch\u00ednh x\u00e1c v\u00e0 k\u1ecbp th\u1eddi, Cointelegraph kh\u00f4ng b\u1ea3o \u0111\u1ea3m t\u00ednh ch\u00ednh x\u00e1c, \u0111\u1ea7y \u0111\u1ee7 hay \u0111\u1ed9 tin c\u1eady c\u1ee7a b\u1ea5t k\u1ef3 th\u00f4ng tin n\u00e0o trong b\u00e0i vi\u1ebft n\u00e0y. B\u00e0i vi\u1ebft c\u00f3 th\u1ec3 bao g\u1ed3m c\u00e1c tuy\u00ean b\u1ed1 h\u01b0\u1edbng t\u1edbi t\u01b0\u01a1ng lai, v\u1ed1n ch\u1ecbu t\u00e1c \u0111\u1ed9ng b\u1edfi nhi\u1ec1u r\u1ee7i ro v\u00e0 b\u1ea5t \u0111\u1ecbnh. Cointelegraph s\u1ebd kh\u00f4ng ch\u1ecbu tr\u00e1ch nhi\u1ec7m \u0111\u1ed1i v\u1edbi b\u1ea5t k\u1ef3 t\u1ed5n th\u1ea5t hay thi\u1ec7t h\u1ea1i n\u00e0o ph\u00e1t sinh t\u1eeb vi\u1ec7c b\u1ea1n d\u1ef1a v\u00e0o th\u00f4ng tin n\u00e0y.<\/p>","protected":false},"excerpt":{"rendered":"

T\u1ed5ng ngu\u1ed3n cung Bitcoin (BTC) \u0111ang c\u00f3 l\u00e3i \u0111\u1ee9ng \u1edf m\u1ee9c 60,6% v\u00e0o th\u1ee9 N\u0103m, ti\u1ebfp t\u1ee5c dao \u0111\u1ed9ng trong […]<\/p>","protected":false},"author":5,"featured_media":65947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-65945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/65945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=65945"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/65945\/revisions"}],"predecessor-version":[{"id":66110,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/65945\/revisions\/66110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/65947"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=65945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=65945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=65945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}