比特幣[BTC]底部可能會隨著鯨魚的銷量繼續積聚

幾個關鍵條件對齊時，比特幣[BTC]通常形成。首先，它建立了一個關鍵的積累區，賣方流動性

Bitcoin price has been hovering above $80k despite the massive sell-side pressure. According to on-chain data, this is due to Bitcoin whales actively accumulating while smaller investors are capitulating.

儘管賣方壓力很大，但比特幣價格仍在徘徊在8萬美元以上。根據鍊鍊數據，這是由於比特幣鯨在較小的投資者傾斜的同時積極積累的鯨魚所致。

Bitcoin price is showing signs of a bottom as it continues to hold above the critical support level of $80k. Despite the broader cryptocurrency market sentiment swinging between fear and greed, Bitcoin’s ability to stay afloat might be due to a familiar pattern spotted by on-chain data.

比特幣的價格顯示出底部的跡象，因為它繼續保持高於$ 80K的關鍵支持水平。儘管恐懼和貪婪之間存在更廣泛的加密貨幣市場情緒，但比特幣保持漂浮的能力可能是由於鏈接數據發現的熟悉模式所致。

As on-chain data from CryptoQuant showed, Bitcoin whales, or those holding 1k–10k BTC (marked in orange), have been sharply increasing their total balance despite the recent market correction.

正如加密量牌的鏈上數據所示，儘管最近進行了市場糾正，但比特幣鯨或持有1K – 10K BTC的人（橙色標記）已大大增加了總餘額。

This period of accumulation has been a key factor in preventing a deeper market correction, suggesting that whale activity is absorbing sell-side pressure and providing the support needed to stabilize Bitcoin prices.

這一積累時期一直是防止更深層次的市場糾正的關鍵因素，表明鯨魚活動正在吸收賣方壓力，並提供穩定比特幣價格所需的支持。

As noted by AMBCrypto’s recent analysis, the SOPR (Spent Output Profit Ratio) remains below 1. This is a sign that short-term holders (STHs) with positions older than 155 days have been realizing losses.

正如Ambcrypto最近的分析所指出的那樣，SOPR（用過的產出利潤率）仍低於1。這表明短期持有人（STH）的職位年齡大於155天，已經意識到損失。

Put simply, with Bitcoin down 23% from its all-time high of $109k, a significant pool of buyers’ acquisition value remains well above the press time market value of $83k.

簡而言之，由於比特幣比其歷史最高109K的高價下降了23％，因此，大量的買家的收購價值仍遠高於新聞時間市場價值83,000美元。

According to AMBCrypto’s analysis, the average acquisition price for these STHs, who hold coins for more than 155 days, is $95,138, where roughly 4.28 million BTC were traded. This equates to approximately $407 billion in potential sell-off risk from these holders.

根據Ambcrypto的分析，這些STH的平均購置價格超過155天，為95,138美元，交易約為428萬BTC。這相當於這些持有人的潛在拋售風險約為407億美元。

Should STHs capitulate, we could see a surge in sell pressure. Even so, the question remains – Will whales continue to absorb this pressure and confirm $80k as a strong bottom?

如果STH屈服，我們可能會看到賣出壓力激增。即便如此，問題仍然存在 - 鯨魚是否會繼續吸收這種壓力並確認$ 80K是強大的底部？

Bitcoin whales are accumulating as smaller investors panic sell

隨著較小的投資者的恐慌賣出，比特幣鯨正在積累

The pattern of Bitcoin whales accumulating while smaller investors panic-sell is a scenario that usually plays out at cycle bottoms. For instance, during the 2020 cycle, we saw a similar narrative unfold.

比特幣鯨的模式積累，而較小的投資者恐慌是一種通常在周期底部發揮作用的情況。例如，在2020年的周期中，我們看到了類似的敘述。

During that phase, BTC broke above $10k for the first time by mid-Q3, kicking off what came to be known as the “breakout cycle.”

在那個階段，BTC在第四季度中期首次打破了1萬美元以上，開始被稱為“突破週期”。

In a striking parallel, CryptoQuant data showed no signs of Bitcoin whales exiting during the 2020 bull run. This implied that these whales may still be absorbing sell-side pressure. This could lay the groundwork for a major shift in the current cycle.

在驚人的平行過程中，加密數據顯示，在2020年公牛運行期間沒有出現比特幣鯨的跡象。這意味著這些鯨魚可能仍在吸收賣方壓力。這可以為當前週期的重大轉變奠定基礎。

Right now, there is no significant distribution from these whales. In fact, instead of going dormant, they are actively accumulating. Hence, the chances of a collapse below $77k–$80k due to macroeconomic uncertainty or weak hands exiting are low.

目前，這些鯨魚沒有明顯的分佈。實際上，他們沒有休眠，而是積極積累。因此，由於宏觀經濟的不確定性或出口弱的手，倒塌低於$ 77K - $ 80K的機會很低。

U.S. buy orders remain robust as Bitcoin exchange reserves continue to plunge.

隨著比特幣交換儲量繼續下降，美國的購買訂單仍然強勁。

If these dynamics align in the coming days, Bitcoin could be on the cusp of confirming a market bottom.

如果這些動態在未來幾天保持一致，那麼比特幣可能會在確認市場底部的風口浪尖上。