隨著價格推動抵抗，比特幣（BTC）鯨魚正在從長位置撤退

鑑於更廣泛的加密景觀中的看漲度增加，比特幣正經歷著更新的勢頭，將旗艦數字資產推向關鍵阻力水平。

In the dynamic realm of cryptocurrency, where trends ebb and flow, a keen observation of investor behavior can provide valuable insights into the market's direction. As the broader crypto landscape experiences renewed bullishness, pushing flagship digital asset Bitcoin (BTC) to key resistance levels, interest in the sector has surged.

在加密貨幣的動態領域，在趨勢潮流和流動的情況下，對投資者行為的敏銳觀察可以為市場的方向提供寶貴的見解。隨著更廣泛的加密景觀經歷了新的看漲，將旗艦數字資產比特幣（BTC）推向關鍵阻力水平，對該行業的興趣激增。

BTC’s recent upward performance has reignited optimism and interest in the sector. However, this bullish sentiment seems to be fading among large BTC investors, commonly known as whales.

BTC最近的向上績效激發了對該行業的樂觀和興趣。但是，這種看漲的情緒似乎正在大型BTC投資者（通常稱為鯨魚）中消失。

BTC Whales Pulling Back On Long Positions

BTC鯨在長位置上拉回

Bitcoin’s renewed price growth is receiving controversial reactions from investors and traders. An insightful analysis shared by FundingVest, an on-chain expert and verified author on the X (formerly Twitter) platform, has revealed a bearish sentiment among Bitcoin whale investors.

比特幣的新價格增長正在收到投資者和商人的有爭議的反應。 X（以前是Twitter）平台上的鍊鍊專家和經過驗證的作者FandingVest共享的有見地的分析揭示了比特幣鯨投資者的看跌情緒。

In the X post, the expert highlighted that whale-long positions have been decreasing even as BTC’s price witnessed a surge to the $86,000 threshold. This unexpected turn of events among whale traders suggests a potential shift in conviction or a strategic retreat due to the current market bearish pressure that has increased the volatility of digital assets.

在X帖子中，專家強調，即使BTC的價格見證了86,000美元的門檻，鯨魚長的職位仍在下降。鯨魚交易者之間的這種意外事件表明，由於當前的看跌壓力增加了數字資產的波動性，定罪或戰略撤退的潛在轉變。

Furthermore, the change in behavior might be a signal that institutional confidence in BTC is fading, raising concerns about its recent uptrend. According to the expert, the development implies that big investors might be getting ready to go short or close off their long bets.

此外，行為的變化可能表明機構對BTC的信心正在逐漸消失，從而引起了人們對其最近上升趨勢的擔憂。據專家說，該發展意味著大型投資者可能已經準備好短期或關閉他們的長期賭注。

Even though the whales are banking on a pullback, retail investors, often regarded as small traders, seem to be increasing their long exposure. FundingVest spotted the shift in investor behavior after investigating the Bitcoin Whale vs Retail Ratio, a crucial metric for determining BTC’s trading activity.

即使鯨魚正在回落，但散戶投資者（通常被視為小型商人）似乎正在增加他們的長期曝光率。資金vest在調查了比特幣鯨與零售比之後發現了投資者行為的轉變，這是確定BTC的交易活動的關鍵指標。

The key metric shows a surge in retail activity as these traders are becoming more active while whales are stepping back. However, when looking at the 3-day heatmap chart, an increase in long positions and accumulation in both directions can be observed.

關鍵指標顯示零售活動的激增，因為這些貿易商正在越來越活躍，而鯨魚正在逐漸退縮。但是，在查看為期3天的熱圖圖表時，可以觀察到長位置和在兩個方向上的積累的增加。

Such a development sets the stage for potential volatility and strengthens the case for a contrarian strategy. Meanwhile, it is more likely that the market will increase when long positions have been completely flushed out. FundingVest has drawn attention toward some short positions that were closed last week, which he believes should be taken into account during the period.

這種發展為潛在的波動奠定了基礎，並加強了逆勢戰略的案例。同時，如果長期以來的頭寸完全沖洗掉，市場可能會增加市場。 FundingVest引起了上週關閉的一些短職位的關注，他認為應該在此期間考慮到這一點。

Demand For Bitcoin Gaining Traction

對比特幣獲得吸引力的需求

BTC’s recent upswing has sparked interest in the flagship asset as apparent demand grows slowly. Kripto Mevsimi reported in a quick-take post on the CryptoQuant platform that Bitcoin Apparent Demand has begun to recover from deep negative territory in the 30-day time frame, suggesting a possible shift in market behavior. Although this is bullish, the on-chain expert believes it is too soon to consider the development as the start of a new bullish trend, highlighting a similar scenario in 2021.

隨著明顯的需求緩慢增長，BTC最近的上漲引發了人們對旗艦資產的興趣。 Kripto Mevsimi在加密平台上的快速接觸帖子中報導說，比特幣明顯的需求已經開始在30天的時間範圍內從深層負地區恢復過來，這表明市場行為可能會發生變化。儘管這是看好的，但鏈上專家認為，將這一發展視為新看漲趨勢的開始還為時過早，突出了2021年的類似情況。

Despite a brief stabilization or rebound in price, demand stayed negative or close to zero for months in 2021. Meanwhile, it was not until after prolonged consolidation that a meaningful structural recovery emerged. The current rebound may be significant, but it is more likely a pause in pressure than a clear indication of accumulation or a macro bottom.

儘管價格短暫穩定或反彈，但需求在2021年數月保持負面或接近零。與此同時，直到延長合併後，才出現了有意義的結構恢復。當前的反彈可能是顯著的，但是壓力的暫停可能比明顯的積累或宏底部的跡象更有可能。