隨著鯨魚的累積和 ETF 流量顯示強勁的需求，比特幣 (BTC) 價格創下新高

比特幣 (BTC) 的價格顯著飆升，在 65,500 美元附近找到堅實支撐後，最近突破了 68,000 美元大關。

Bitcoin (BTC) price surged past the $68,000 mark on Monday, finding strong support around $65,500. This rally comes amid a significant increase in Bitcoin holdings by “whales,” or large investors, sparking optimism in the cryptocurrency market.

比特幣 (BTC) 價格週一飆升至 68,000 美元大關，在 65,500 美元附近找到強勁支撐。這次反彈之際，「鯨魚」或大型投資者持有的比特幣大幅增加，引發了加密貨幣市場的樂觀情緒。

Over the past two weeks, the number of wallets holding over 100 BTC has risen by nearly 300, suggesting that big players are gaining confidence in Bitcoin’s prospects. Meanwhile, ETF flows indicate robust demand, especially from investment giant BlackRock.

過去兩週，持有超過 100 BTC 的錢包數量增加了近 300 個，這表明大玩家對比特幣的前景越來越有信心。同時，ETF 流量顯示需求強勁，尤其是來自投資巨頭貝萊德 (BlackRock) 的需求。

Whale Wallets Reach New Highs

鯨魚皮夾達到新高

鯨魚皮夾達到新高

The concentration of Bitcoin in whale wallets has reached new highs, with these large holders now collectively owning over 670,000 BTC. This increase signals a potential shift in market sentiment, with big investors showing renewed interest in accumulating Bitcoin.

鯨魚錢包中的比特幣集中度達到新高，這些大戶目前總共擁有超過 67 萬枚比特幣。這一增長標誌著市場情緒的潛在轉變，大型投資者對累積比特幣表現出了新的興趣。

According to data from crypto analytics platform Crypto Quant, a rise in whale holdings often creates a period of stability or moderate declines in BTC’s price, known as the “calm before the storm.”

根據加密分析平台 Crypto Quant 的數據，鯨魚持有量的增加通常會導致 BTC 價格一段穩定或適度下跌的時期，即所謂的「暴風雨前的平靜」。

Crypto Quant highlighted that true Bitcoin growth usually begins when whales gradually reduce their holdings, a period often characterized by rising demand from smaller investors. However, with whale accumulation currently on the rise, this could set the stage for future bullish momentum.

Crypto Quant 強調，真正的比特幣成長通常始於鯨魚逐漸減持比特幣，這段時期的特徵通常是小型投資者的需求不斷增長。然而，由於目前鯨魚的累積正在增加，這可能為未來的看漲勢頭奠定基礎。

Analytics firm Santiment also reported the emergence of 297 new whale wallets holding over 100 BTC in recent weeks. In contrast, smaller wallets have seen a decrease, as panic selling from smaller investors has reduced their Bitcoin holdings. Historically, a shift of Bitcoin holdings from smaller investors to whales is considered a positive indicator for future price movements, often pointing to a potential rally.

分析公司 Santiment 也報告稱，最近幾週出現了 297 個新的鯨魚錢包，持有超過 100 BTC。相比之下，較小的錢包數量有所減少，因為較小投資者的恐慌性拋售減少了他們的比特幣持有量。從歷史上看，比特幣持有量從小型投資者轉向鯨魚被認為是未來價格趨勢的積極指標，通常預示著潛在的反彈。

ETF Flows Show Strong Demand Led by BlackRock

ETF 流量顯示貝萊德引領的強勁需求

ETF 流量顯示貝萊德引領的強勁需求

The market is also seeing robust inflows into Bitcoin exchange-traded funds (ETFs), led primarily by BlackRock’s Bitcoin ETF product, IBIT. This ETF has been on an impressive streak, accumulating roughly 30,000 BTC over nine consecutive trading days.

市場也看到比特幣交易所交易基金 (ETF) 的資金強勁流入，主要由貝萊德 (BlackRock) 的比特幣 ETF 產品 IBIT 帶動。該 ETF 的表現令人印象深刻，連續 9 個交易日累積了約 30,000 BTC。

BlackRock now holds more than 2% of Bitcoin’s circulating supply, which currently amounts to over 399,000 BTC. BlackRock’s involvement in Bitcoin ETFs is seen by many as a major endorsement of the asset’s legitimacy and future potential.

貝萊德目前持有超過 2% 的比特幣流通供應量，目前總計超過 399,000 BTC。許多人認為貝萊德參與比特幣 ETF 是對該資產合法性和未來潛力的重大認可。

The rise in ETF demand reflects growing institutional interest, with BlackRock’s ETF holding now constituting a considerable portion of the Bitcoin market. This influx of institutional capital could help stabilize Bitcoin’s price, supporting further growth as more investors gain access through regulated investment channels.

ETF需求的成長反映了機構興趣的成長，而貝萊德持有的ETF目前構成了比特幣市場的相當大一部分。機構資本的湧入可能有助於穩定比特幣的價格，隨著更多投資者透過受監管的投資管道進入比特幣，從而支持比特幣的進一步成長。

Is Bitcoin’s Correction Over?

比特幣回檔結束了嗎？

比特幣回檔結束了嗎？

Despite these positive developments, some analysts urge caution, suggesting that Bitcoin’s rally may face challenges if it fails to break above crucial resistance levels.

儘管出現了這些積極的進展，但一些分析師仍敦促謹慎行事，認為如果比特幣未能突破關鍵阻力位，其反彈可能會面臨挑戰。

After recently touching the $69,000 mark, Bitcoin encountered resistance, prompting individual investors to adopt a wait-and-see approach regarding the next market move.

比特幣在近期觸及 69,000 美元大關後遭遇阻力，促使個人投資者對下一步市場走勢採取觀望態度。

Crypto Quant’s analysis indicates that if Bitcoin fails to reach a new all-time high in the coming months, particularly before the next U.S. presidential election, the current bullish cycle could face obstacles.

Crypto Quant 的分析表明，如果比特幣在未來幾個月內，特別是在下屆美國總統大選之前未能達到新的歷史高點，當前的看漲週期可能會面臨障礙。

Market strategist Justin Bennett notes that while Bitcoin has shown resilience, a failure to achieve new highs may lead to volatility and potential pullbacks.

市場策略師賈斯汀·貝內特指出，雖然比特幣表現出彈性，但未能創下新高可能會導致波動和潛在回調。

For Bitcoin to maintain its bullish momentum, it will need to surpass the $69,000 mark and hold above it for a sustained period. Until this threshold is cleared, the market may experience periods of consolidation as investors await stronger confirmation of Bitcoin’s upward trajectory.

比特幣要保持看漲勢頭，就需要突破 69,000 美元大關並持續保持在該水平上方。在這一門檻被清除之前，隨著投資者等待對比特幣上漲軌蹟的更強有力的確認，市場可能會經歷一段時間的盤整。

What’s Next for Bitcoin?

比特幣的下一步是什麼？

比特幣的下一步是什麼？

The increased whale holdings and institutional demand through ETFs suggest that Bitcoin is attracting significant interest, which

鯨魚持有量的增加和機構透過 ETF 的需求表明，比特幣正在吸引巨大的興趣，這