比特幣大鯨最近正在減少供應

市場情報平台Intotheblock揭示了最大的比特幣持有人是如何在價格下降的情況下施加銷售壓力的市場。

Bitcoin (BTC) dropped to new seven-week lows of $84,000 on Thursday, continuing the slide that began after the coin hit $94,000 last week. The plummet saw mega-whales, holding more than 10,000 BTC, step in as the primary sellers, while other investor cohorts engaged in buying activity.

比特幣（BTC）週四跌至84,000美元的新七週低點，在上週硬幣達到94,000美元之後開始了幻燈片。投人物持有超過10,000 BTC的巨型鯨魚作為主要賣家，而其他投資者同夥則參與購買活動。

According to data from blockchain analytics platform IntoTheBlock, mega-whales reduced their BTC holdings by 25,740 BTC (about $2.3 billion) over the last seven days.

根據區塊鏈分析平台Intotheblock的數據，Mega-Whales在過去七天中將其BTC持有量減少了25,740 BTC（約合23億美元）。

At the same time, the remaining investor cohorts collectively engaged in buying activity. Specifically, smaller investors and those holding less than 1 BTC displayed net buying activity.

同時，其餘的投資者同夥共同從事購買活動。具體來說，較小的投資者和少於1 BTC的人顯示淨購買活動。

Chart: IntoTheBlock

圖表：intotheblock

“Despite the broader market downturn, smaller investors and those holding less than 1 BTC appear to be accumulating at the same time mega-whales are selling,” the analytics platform said in a recent post.

分析平台在最近的一篇帖子中說：“儘管市場低迷，但較小的投資者和持有少於1 BTC的人似乎正在積累巨鯨的銷售。”

This observation is interesting because it suggests that smaller investors are viewing the price decline as an opportunity to buy more BTC, while the largest investors are booking some profits amid the downturn.

這一觀察結果很有趣，因為它表明較小的投資者將價格下跌視為購買更多BTC的機會，而最大的投資者在低迷的情況下預訂了一些利潤。

Moreover, mega-whales already began their selloff a few days ago, which might hint that they saw the price plunge coming and prepared for it in advance.

此外，巨型鯨魚已經在幾天前開始拋售了，這可能會暗示他們看到價格下跌了，並提前為此做好了準備。

Another angle from which to view this downturn is through the different exchanges, as different platforms may host a different demographic of investors. Two exchanges that are generally of note in this type of analysis are Coinbase (NASDAQ:COIN) and Binance.

查看這種低迷的另一個角度是通過不同的交流，因為不同的平台可能會擁有不同的投資者人群。在這種類型的分析中通常要注意的兩個交換是共同基礎（NASDAQ：COIN）和二元。

Coinbase is mainly used by entities in the U.S., especially large institutional traders, while Binance serves global investors. An indicator that can be used for tracking the difference in behavior between the two user bases is the Coinbase Premium Index.

Coinbase主要由美國實體，尤其是大型機構交易者使用，而Binance為全球投資者提供服務。可用於跟踪兩個用戶群之間行為差異的指標是Coinbase Premium索引。

This metric measures the percentage difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). As CryptoQuant founder and CEO Ki Young Ju pointed out, the Coinbase Premium Index has been negative recently.

該度量標準衡量了Coinbase（美元對）上列出的比特幣價格與Binance（USDT對）的百分比差異。正如CryptoQuant創始人兼首席執行官Ki Young Ju所指出的那樣，Coinbase Premium指數最近是負面的。

This trend, alongside the fact that Coinbase’s spot volume dominance has shot up recently (left chart), would suggest the American whales have been the main drivers during the crash.

這一趨勢與Coinbase的現貨數量統治最近（左圖）的事實表明，美國鯨魚是墜機期間的主要驅動因素。

Coinbase’s spot volume dominance has shot up recently (left chart), which may suggest that institutional traders, who prefer to trade in large quantities, are pivoting toward Coinbase.

Coinbase的現貨數量統治最近（左圖）爆炸了，這可能表明，寧願大量交易的機構交易員正在向Coinbase旋轉。

At the same time, the Coinbase Premium Index has slipped into negative territory (right chart), which may indicate that the American whales are now selling more.

同時，Coinbase Premium指數已滑入負區域（右圖），這可能表明美國鯨魚現在正在銷售更多。

Both observations suggest that institutional traders, who largely operate in the U.S. and trade through Coinbase, have been dumping their BTC holdings during this crash.

兩種觀察結果都表明，在此崩潰期間，機構交易者主要在美國運營並通過Coinbase進行貿易，並通過BTC持有。