儘管有波動性，但比特幣（BTC）網絡的採用仍在繼續，除了一個投資者集團看到下降

鏈上的數據顯示，比特幣網絡在波動率中繼續看到採用，除了一個正在下降的投資者集團。

On-chain data is showing that Bitcoin has continued to see some adoption despite the price volatility, except for one investor group that’s seen a decline.

鏈上的數據表明，儘管價格波動，但比特幣仍繼續採用，除了一個投資者集團下降了。

According to crypto on-chain analytics firm Santiment, in a recent post on X, the indicator to look at here is the ‘Supply Distribution.’ This metric tells us about the number of addresses that belong to a specific coin group.

根據加密貨鏈分析公司的關注，在X上的最新文章中，這裡要查看的指標是“供應分佈”。該指標告訴我們屬於特定硬幣組的地址數量。

The investors or addresses are divided into these cohorts based on the balance that they are currently carrying. The 1 to 10 coins cohort, for instance, includes all wallets with at least 1 and at most 10 tokens of the cryptocurrency.

投資者或地址根據他們當前攜帶的餘額分為這些人群。例如，1至10個硬幣隊列包括所有至少1個和十個代幣的錢包。

In the context of the current topic, three broad coin ranges are of interest: 0 to 0.1 coins, 0.1 to 100 coins, and 100+ coins. The first two of these cover the small investor groups like shrimps, crabs, and dolphins, while the third range represents the large holders of the market, called the sharks and whales.

在當前主題的背景下，三個廣泛的硬幣範圍很感興趣：0至0.1硬幣，0.1至100個硬幣和100+硬幣。其中的前兩個涵蓋了蝦，螃蟹和海豚等小型投資者團體，而第三範圍代表了市場的大型持有人，稱為鯊魚和鯨魚。

Now, here is the chart shared by the analytics firm that shows the trend in the Bitcoin Supply Distribution for all three of these over the last few months:

現在，這是分析公司共享的圖表，該圖顯示了過去幾個月中所有三個的比特幣供應分佈的趨勢：

As displayed in the above graph, both the 0 to 0.1 coins and 0.1 to 100 coins groups have seen their Supply Distribution rise recently, which means more addresses of these sizes have popped up on the network.

如上圖所示，最近的0至0.1硬幣和0.1至100個硬幣組最近都看到了它們的供應分佈的上升，這意味著這些尺寸的更多地址已經在網絡上彈出。

Over the past month, the former cohort has registered an increase of 37,390 and the latter 12,754. Though, while the two have indeed observed a notable rise, this growth didn’t come in a straightforward manner, especially for the 0 to 0.1 coins group.

在過去的一個月中，這位前隊列的增長率為37,390，後者增加了12,754。但是，儘管兩者確實觀察到了顯著的上升，但這種增長並不是直接的，尤其是對於0到0.1硬幣組。

From the chart, it’s apparent that the initial crash in the cryptocurrency’s price caused an uptick in the address counts of these groups, but as the asset’s volatility continued, some of these investors fled the market.

從圖表來看，很明顯，加密貨幣價格的最初崩潰導致了這些群體的地址數量的上升，但是隨著資產的波動性的繼續，這些投資者中的一些逃離了市場。

Nonetheless, the fact that some net adoption has still occurred through this period of volatility could be a positive sign for Bitcoin. Something that may be bullish, however, is the trend in the metric for the sharks and whales.

儘管如此，在這段波動性時期仍在進行一些淨收入的事實可能是比特幣的積極信號。然而，可能看漲的東西是鯊魚和鯨魚的度量標準的趨勢。

Compared to one month ago, wallets falling in the 100+ coins range have seen their count lower by 6. This isn’t a major decline, of course, but generally, the influence of any investor in the market goes up the more coins that they hold, so these investors with their massive holdings would occupy a particularly key place.

與一個月前相比，落入100多個硬幣範圍的錢包的數量下降了6個。當然，這並不是一個重大下降的錢，但是總的來說，任何投資者在市場上的影響都會增加他們所擁有的硬幣，因此這些擁有大量持股的投資者將佔據特別關鍵的地方。

As such, the decline in the number of shark and whale addresses may be more important than the adoption that has occurred for small entities. “Look for the 100+ BTC wallets to begin growing in number as a sign that a crypto-wide breakout is back on the horizon,” says Santiment.

因此，鯊魚和鯨魚地址數量的減少可能比小實體的採用更重要。 Santiment說：“尋找100多個BTC錢包開始生長的數量，以表明整個加密貨幣的突破重新登上了地平線。”

BTC Price

BTC價格

Bitcoin has gradually been making a recovery from the price plunge over the last few days as its price has now surged back above $90,000.

在過去的幾天裡，比特幣逐漸從價格下跌中恢復，因為其價格現在已經飆升至90,000美元以上。