鯨魚活動與機構需求一致，比特幣突破 10 萬美元

比特幣第五次突破10萬美元心理關口，過去24小時漲幅達3.39%。

Bitcoin price may soon climb further as rising institutional demand and whale activity appear to align with each other.

隨著機構需求的增加和鯨魚活動似乎相互配合，比特幣價格可能很快就會進一步攀升。

Massive whale movement matches U.S institutional demandA significant surge in whale activity—addresses holding major amounts of an asset—has been seen in the last 24 hours. Notably, a whale holding approximately $2.7 billion worth of BTC moved around $1.05 billion into Coinbase Prime, according to data shared by a blockchain analysis firm.

大規模鯨魚活動符合美國機構需求過去 24 小時內，鯨魚活動（涉及持有大量資產）大幅激增。值得注意的是，根據區塊鏈分析公司分享的數據，持有價值約 27 億美元比特幣的鯨魚將約 10.5 億美元轉移到 Coinbase Prime。

This whale, as reported earlier by AMBCrypto, had accumulated most of its BTC between 9-11 September, 2024, when the price ranged between $54,000 and $56,000. This was just months before the cryptocurrency surpassed the $100,000-threshold.

根據 AMBCrypto 早些時候報道，這隻鯨魚在 2024 年 9 月 9 日至 11 日期間積累了大部分 BTC，當時價格在 54,000 美元至 56,000 美元之間。就在幾個月前，加密貨幣突破了 10 萬美元的門檻。

In most scenarios, large asset transfers from private wallets to exchanges are considered bearish, as they often indicate plans to sell. However, in this instance, the movement likely underlines strong demand for BTC, as evidenced by its recent price trajectory.

在大多數情況下，從私人錢包到交易所的大量資產轉移被認為是看跌的，因為它們通常表明計劃出售。然而，在這種情況下，這一走勢可能凸顯了對比特幣的強勁需求，正如其最近的價格軌跡所證明的那樣。

Moreover, as highlighted by crypto-analyst Ki Young Ju, when significant inflows occur into Coinbase Prime Brokerage, it often signals heightened demand for the asset among institutional investors.

此外，正如加密貨幣分析師 Ki Young Ju 所強調的那樣，當大量資金流入 Coinbase Prime Brokerage 時，通常表明機構投資者對該資產的需求增加。

“The preferred Bitcoin purchase channel for U.S. institutions suggests multiple over-the-counter (OTC) trades are currently in progress,” Ju added.

Ju 補充說：“美國機構首選的比特幣購買管道表明目前正在進行多種場外交易（OTC）。”

OTC trades involve private transactions between buyers and sellers, bypassing public exchanges to avoid slippage or significant market impact.

場外交易涉及買家和賣家之間的私人交易，繞過公共交易以避免滑點或重大市場影響。

As seen in the chart above, inflows into Coinbase Prime have increased notably over the past week, hitting levels last seen in December 2024—Just before BTC rallied to its all-time high of $108,135 on 17 December. If this trend continues, Bitcoin could touch a new all-time high in the coming weeks.

如上圖所示，過去一周流入 Coinbase Prime 的資金顯著增加，達到 2024 年 12 月的最高水平——就在 12 月 17 日 BTC 反彈至歷史新高 108,135 美元之前。如果這種趨勢持續下去，比特幣可能會在未來幾週內觸及新的歷史高點。

While market sentiment remains bullish, a short-term pullback is possible before BTC resumes its upward trajectory.

儘管市場情緒依然看漲，但在比特幣恢復上行軌跡之前，可能會出現短期回檔。

Local top, slight dropAccording to Hyblock Capital, there is a 15% ask imbalance on BTC. This implies the asset has likely reached a local top, with an increase in sell orders too.

局部頂部，略有下降 根據 Hyblock Capital 的數據，BTC 存在 15% 的問價不平衡。這意味著該資產可能已達到局部頂部，賣單也有所增加。

Source: HyblockCapital

資料來源：HyblockCapital

Historically, this pattern has occurred seven times, as reflected in the chart. In each instance, Bitcoin saw a slight retracement to the lower end before resuming an upward move.

從歷史上看，這種模式已經出現過七次，如圖表。在每種情況下，比特幣都會小幅回調至低端，然後再恢復上漲。

If history repeats itself, BTC may see a minor pullback before continuing its upward trajectory and potentially hitting a new all-time high.

如果歷史重演，比特幣可能會出現小幅回調，然後繼續上漲並可能創下歷史新高。