市場波動顯示比特幣鯨魚的潛在實力

在比特幣價格停滯的情況下，鏈上數據顯示鯨魚大量積累，顯示儘管市場疲軟，但需求強勁。由於比特幣仍處於狹窄區間，數據顯示這些大型加密貨幣持有者購買了超過 510 萬枚比特幣，價值約 3,310 億美元。這種累積趨勢反駁了懷疑，並顯示對旗艦加密貨幣的持續需求，顯示一旦突破該區間，就會出現潛在的上行勢頭。

Bitcoin Whales Accumulate Amidst Market Wobbles, Signaling Underlying Strength

比特幣鯨魚在市場波動中積累，預示著潛在的實力

As Bitcoin prices navigate a turbulent market landscape, oscillating within a narrow range, a closer examination of on-chain data reveals a stark contrast to the superficial price action. According to an analysis shared on X, whales—large crypto investors holding substantial Bitcoin reserves—have been actively accumulating the world's leading cryptocurrency by market capitalization.

隨著比特幣價格在動盪的市場環境中小幅波動，對鏈上數據的仔細檢查顯示出與表面價格走勢形成鮮明對比。根據 X 上分享的一項分析，鯨魚——持有大量比特幣儲備的大型加密貨幣投資者——一直在積極累積按市值計算的世界領先的加密貨幣。

At the time of the analysis, Bitcoin whales collectively held over 5.1 million BTC, amassing a staggering $331 billion in value. This persistent demand amidst the coin's sideways movement challenges recent market pessimism and skepticism that anticipates further price declines.

截至分析時，比特幣鯨魚總共持有超過 510 萬枚 BTC，總價值高達 3,310 億美元。硬幣橫盤運動中的持續需求挑戰了近期市場的悲觀情緒和預期價格進一步下跌的懷疑。

Rangebound Bitcoin: A Precursor to Breakout or Breakdown?

區間波動的比特幣：突破還是崩潰的前兆？

Bitcoin currently finds itself trapped within a range defined by caps at $73,800 and $60,000. Despite overall market optimism, the coin has struggled to break above the $70,000 resistance level, even after the highly anticipated Halving event on April 20. While prices remain firm, the lack of follow-through after April 21 and 22 suggests underlying weakness.

比特幣目前發現自己陷入了上限為 73,800 美元和 60,000 美元的區間內。儘管市場總體樂觀，但即使在4 月20 日備受期待的減半事件之後，該代幣仍難以突破70,000 美元的阻力位。表示潛在的疲軟。

A breakout above the middle Bollinger Band (BB) on the BTCUSDT price chart could signal an explosive upward movement. Should such a leg up coincide with positive fundamental developments, momentum could propel the coin to new all-time highs.

BTCUSDT 價格圖表上突破布林通道中線 (BB) 可能預示著爆炸性上漲。如果這樣的上漲與積極的基本面發展同時發生，勢頭可能會推動代幣創下新的歷史高點。

Conversely, a resurgence of selling pressure could send Bitcoin tumbling lower. The sharp rejection of bulls on April 24 serves as a bearish indication. This could trigger a wave of lower lows, potentially taking the coin below April 2023 lows.

相反，拋售壓力的復甦可能會導致比特幣暴跌。 4 月 24 日多頭的強烈拒絕是一個看跌跡象。這可能會引發一波更低的低點，有可能使代幣跌破 2023 年 4 月的低點。

Parallel Market Data Reveals Panic Selling, Outflows from Spot ETFs

平行市場數據顯示恐慌性拋售，現貨 ETF 資金流出

Parallel market data paints a picture of panic selling on Binance and OKX, two major crypto exchanges by trading volumes. Over the past two weeks, these exchanges have witnessed the dumping of a combined 5,137 BTC at a loss. This selling has coincided with a gradual decline in prices, with bulls unable to counter the downward pressure, particularly after two consecutive losses on April 12 and 13.

平行市場數據描繪了幣安和 OKX 這兩家主要加密貨幣交易所（以交易量計算）出現恐慌性拋售的情況。過去兩週，這些交易所共損失拋售了 5,137 枚 BTC。這次拋售恰逢價格逐漸下跌，多頭無法應對下行壓力，特別是在 4 月 12 日和 13 日連續兩次下跌之後。

Meanwhile, there have been significant outflows from ARKB, a popular spot Bitcoin exchange-traded fund (ETF). Data shows that ARKB sold 490 BTC, worth $31 million, on April 25. This represents the third-largest single-day outflow in its history.

同時，ARKB（一種受歡迎的現貨比特幣交易所交易基金（ETF））出現了大量資金流出。數據顯示，ARKB 在 4 月 25 日賣出了 490 BTC，價值 3,100 萬美元。

The recent price pressures on BTC align with a marked drop in spot ETF inflows during the second half of April. On April 25, Lookonchain data revealed that GBTC and all nine spot ETF issuers collectively decreased their holdings by over 2,100 BTC, worth approximately $135 million.

近期 BTC 的價格壓力與 4 月下半月現貨 ETF 流入量的顯著下降相一致。 4 月 25 日，Lookonchain 數據顯示，GBTC 和所有 9 個現貨 ETF 發行人總共減持了超過 2,100 BTC，價值約 1.35 億美元。

Conclusion

結論

While surface-level market indicators may suggest a period of indecisiveness for Bitcoin, a deeper dive into on-chain data reveals a tale of underlying strength. The active accumulation by Bitcoin whales signals a belief in the long-term potential of the cryptocurrency, even amidst short-term price fluctuations. However, investors should remain vigilant to the potential for further price volatility and should conduct their own thorough research before making any investment decisions.

雖然表面的市場指標可能表明比特幣在一段時期內猶豫不決，但更深入地研究鏈上數據揭示了潛在實力的故事。比特幣鯨魚的積極累積表明，即使在短期價格波動的情況下，人們也相信這種加密貨幣的長期潛力。然而，投資者應對價格進一步波動的可能性保持警惕，並在做出任何投資決定之前進行徹底的研究。