比特幣在 2024 年飆升：在減半預期中，機構和鯨魚推動了比特幣的飆升

儘管最近價格下跌，但在現貨比特幣 ETF 推出的推動下，比特幣 (BTC) 自 2024 年 1 月以來已飆升 53%。在這種價格波動中，比特幣鯨魚一直在大量積累，顯示人們對其未來價值充滿信心，並預示著加密貨幣市場的看漲趨勢。

Bitcoin's Stellar Ascent in 2024: Institutional Embrace and Whale Accumulation Amid Halving Anticipation

比特幣在 2024 年的飆升：機構擁抱和巨額累積在減半預期中

The cryptocurrency landscape has witnessed an extraordinary surge in Bitcoin's (BTC) value since the inception of 2024. The advent of spot Bitcoin exchange-traded funds (ETFs) in January ignited substantial institutional interest in the digital asset, propelling its price by an impressive 53% year-to-date, despite a recent dip to approximately $67,000.

自2024 年以來，加密貨幣領域見證了比特幣(BTC) 價值的大幅飆升。1 月現貨比特幣交易所交易基金(ETF) 的出現激發了機構對這種數位資產的巨大興趣，將其價格推高了53% 。% 今年迄今，儘管最近跌至約 67,000 美元。

Bitcoin Whale Accumulation: A Bullish Omen

比特幣鯨魚囤積：看漲預兆

Amidst the current price fluctuation and the imminent fourth Bitcoin halving, investors have grappled with the question of Bitcoin's future trajectory. The halving, scheduled to occur in April 2024, will result in a significant reduction in miner rewards from 6.25 BTC to 3.125 BTC, a development that has not escaped the attention of astute Bitcoin investors.

在當前的價格波動和即將到來的第四次比特幣減半中，投資者一直在努力解決比特幣未來軌蹟的問題。計劃於 2024 年 4 月發生的減半將導致礦工獎勵從 6.25 BTC 大幅減少至 3.125 BTC，這一進展並沒有逃過精明的比特幣投資者的注意。

In anticipation of this impending supply shock, Bitcoin whales have embarked on an extensive accumulation spree throughout the first quarter of 2024. These whales, characterized by their possession of vast Bitcoin holdings ranging from 100 to 100,000 BTC, have collectively amassed a staggering 319,310 BTC, equivalent to roughly 1.4% of the total supply. This accumulation stands in stark contrast to the behavior of wallets with smaller Bitcoin holdings (0-100 BTC), which have disposed of 105,260 BTC, representing a 0.7% decline.

考慮到即將到來的供應衝擊，比特幣鯨魚在 2024 年第一季開始了大規模的累積熱潮。這些鯨魚的特徵是擁有 100 到 100,000 BTC 的大量比特幣，總共累積了驚人的 319,310 BTC，大約相當於總供應量的1.4%。這種累積與持有較少比特幣（0-100 BTC）的錢包的行為形成鮮明對比，後者已處置了 105,260 BTC，下降了 0.7%。

This conspicuous trend among whales suggests a profound belief in Bitcoin's long-term value and serves as a bullish indicator for the cryptocurrency and the broader digital asset market. The convergence of this whale accumulation with the approaching halving event further amplifies the sentiment of optimism.

鯨魚中的這種明顯趨勢表明了對比特幣長期價值的深刻信念，並成為加密貨幣和更廣泛的數位資產市場的看漲指標。鯨魚的累積與即將到來的減半事件的結合進一步放大了樂觀情緒。

Key Factors Shaping Bitcoin's Price Trajectory

塑造比特幣價格軌跡的關鍵因素

QCP Capital, a leading crypto analysis firm, has identified a surge in bullish sentiment toward Bitcoin, despite the recent narrow trading range. This surge stems from several key factors:

領先的加密貨幣分析公司 QCP Capital 發現，儘管近期交易區間較窄，但對比特幣的看漲情緒激增。這種激增源自於幾個關鍵因素：

1. Increased Spot Bitcoin ETF Inflows: Spot Bitcoin ETFs have experienced a substantial increase in inflows over the past few days, with weekly inflows reaching $432 million. This influx of institutional capital indicates growing mainstream adoption and acceptance of Bitcoin as a legitimate investment vehicle.
2. Bullish Call Option Trading: The market has witnessed consistent large-scale buying of Bitcoin call options, signaling anticipation of future price appreciation. This contrasts with the observed selling of Ethereum (ETH) call options, suggesting that investors are betting on Bitcoin's dominance in the cryptocurrency market.
3. Reduced Leverage: BTC has seen a noticeable reduction in leverage, as evidenced by stable perpetual funding rates and a downward trend in the rest of the forward curve. This shift toward a more cautious approach among traders suggests a desire for a more stable market environment, potentially contributing to a sustained rally.
4. Bitcoin Halving Narrative: The upcoming Bitcoin halving has also played a role in the bullish sentiment surrounding the cryptocurrency. The halving event is expected to further restrict the supply of Bitcoin, potentially driving up its value as demand increases.

Conclusion

現貨比特幣 ETF 流入量增加：過去幾天，現貨比特幣 ETF 流入量大幅增加，每週流入量達 4.32 億美元。機構資本的湧入表明，比特幣作為合法投資工具的主流採用和接受程度正在不斷提高。 看漲看漲期權交易：市場上出現了持續大規模的比特幣看漲期權購買，表明對未來價格升值的預期。這與觀察到的以太坊（ETH）看漲期權拋售形成鮮明對比，表明投資者正在押注比特幣在加密貨幣市場的主導地位。槓桿率降低： BTC 的槓桿率明顯下降，穩定的永續資金費率和下降趨勢就證明了這一點在遠期曲線的其餘部分。交易者轉向更謹慎的態度表明他們渴望更穩定的市場環境，這可能有助於持續上漲。比特幣減半敘述：即將到來的比特幣減半也對圍繞加密貨幣的看漲情緒發揮了作用。減半事件預計將進一步限制比特幣的供應，隨著需求的增加，可能會推高其價值。結論

Bitcoin's performance in 2024 has been nothing short of extraordinary, fueled by institutional adoption, whale accumulation, and anticipation of the Bitcoin halving. Key factors, such as increasing spot Bitcoin ETF inflows, bullish call option trading, reduced leverage, and the halving narrative, have contributed to the positive sentiment surrounding the cryptocurrency. As Bitcoin approaches the halving event, investors will keenly observe how these factors continue to shape its price trajectory in the coming weeks and months.

在機構採用、鯨魚累積和比特幣減半預期的推動下，比特幣在 2024 年的表現堪稱非凡。比特幣 ETF 現貨流入量增加、看漲看漲期權交易、槓桿率降低以及減半等關鍵因素促成了圍繞加密貨幣的積極情緒。隨著比特幣減半事件的臨近，投資人將敏銳地觀察這些因素如何在未來幾週和幾個月內繼續影響其價格軌跡。