[Physicist]

Because of time dilation. This distant galaxy is travelling at close to the speed of light (in our reference frame). From our point of view, time is moving more slowly there.

[Michael Barnes]

Because of time dilation. This distant galaxy is travelling at close to the speed of light (in our reference frame). From our point of view, time is moving more slowly there.

Hoping to make sense....

So, assuming it is moving away from us at "close" to the speed of light; what we have seen is purely a "marker" in time of where it "was". Now it is 90%+ further away (image we just saw was speed of light to us; it'speed, close to speed of light away from us;)? Can calculations be made to determine it's "now" distance away from us?