比特幣鯨魚以每年平均水平高9倍的速度傾倒BTC，但價格仍然有彈性

自2022年三個箭頭資本（3AC）倒塌以來，比特幣正遭受最大的銷售壓力。鯨魚投資者已以比年平均水平高出9倍的BTC卸載。

Bitcoin (BTC) encountered its highest selling pressure in nearly two years, as per Bitwise Europe’s head of research. Large transactions on spot exchanges indicate that major holders are cashing out.

根據Bitwise Europe的研究負責，比特幣（BTC）在近兩年內遇到了近兩年的銷售壓力。現場交換的大型交易表明，主要持有人正在兌現。

However, Bitcoin’s ability to stay above key levels despite this pressure hints at strong demand. Dragosch believes the market could be reaching a point where sellers have exhausted their selling capacity.

但是，儘管有壓力，比特幣能夠保持高度的水平超過關鍵水平。 Dragosch認為，市場可能會達到賣方耗盡其銷售能力的地步。

Bitcoin Whales Selling at 9x Yearly Average Rate: Analysis

比特幣鯨以每年9倍的平均價格出售：分析

Bitcoin saw its highest selling pressure in nearly two years as large transactions on spot exchanges suggest major holders are cashing out at a rate nine times higher than the yearly average, an analysis shows.

分析顯示，比特幣在近兩年內看到了最高的銷售壓力，因為現貨交易所進行的大型交易表明，主要持有人的兌現費用是年平均水平的九倍。

This selling activity, observed by Bitwise Europe’s head of research André Dragosch, was last seen following the Three Arrows Capital (3AC) collapse in June 2022.

Bitwise Europe研究主管AndréDragosch觀察到的這項銷售活動最後一次是在2022年6月的三個箭頭資本（3AC）倒閉之後。

Dragosch highlighted the stark difference in Bitcoin price behavior despite the heavy selling pressure. According to the analyst, such an occurrence could indicate seller exhaustion.

Dragosch強調了儘管銷售壓力很大，但比特幣價格行為的明顯差異。根據分析師的說法，這種情況可能表明賣方疲憊。

“We have just reached the highest amount of selling pressure on Bitcoin spot exchanges since the collapse of 3AC in June 2022,” Dragosch stated in a tweet on March 13.

Dragosch在3月13日的推文中說：“自2022年6月3日倒塌以來，我們剛剛達到了比特幣現場交流的最高銷售壓力。”

“Yet, the price is still close to $100k. Seller exhaustion.”

“但是，價格仍然接近$ 10萬美元。賣方疲憊。”

MicroStrategy’s Bitcoin Buying Strategy Continues

MicroStrategy的比特幣購買策略繼續

While major holders are offloading their Bitcoin holdings, MicroStrategy (NASDAQ:MSTR) continues its aggressive accumulation strategy.

儘管主要持有人正在卸載其比特幣持有量，但MicroStrategy（NASDAQ：MSTR）仍在繼續其積極的積累策略。

Last week, the company purchased 7,633 BTC for $742 million at an average price of $97,255, as reported by blockchain tracking platform Lookonchain.

上週，該公司以7.42億美元的價格購買了7,633 BTC，平均價格為97,255美元，這是區塊鏈Tracking Platform Lookonchain報導的。

MicroStrategy now holds 478,740 BTC, valued at approximately $46.55 billion, with an average buying price of $65,033 per BTC.

MicroStrategy現在持有478,740 BTC，價值約465.5億美元，平均購買價格為每BTC 65,033美元。

Institutions like MicroStrategy remain confident in Bitcoin’s long-term potential, and their continued accumulation suggests that some large investors still see Bitcoin as an attractive asset despite ongoing volatility.

像MicroStrategy這樣的機構對比特幣的長期潛力仍然充滿信心，他們的持續積累表明，儘管有持續的波動，但一些大型投資者仍將比特幣視為有吸引力的資產。

Bitcoin Price Averages $97.4K Amid Macro Events

在宏觀活動中，比特幣價格平均$ 97.4K

QCP Capital noted that various macroeconomic events are influencing the current price movements.

QCP Capital指出，各種宏觀經濟事件都在影響當前的價格變動。

Last week, DeepSeek’s market activity and U.S. trade policy shifts contributed to turbulence. Former U.S. President Donald Trump’s proposed 25% tariffs on steel and aluminum briefly rattled financial markets.

上週，DeepSeek的市場活動和美國貿易政策的轉變導致動盪。美國前總統唐納德·特朗普（Donald Trump）提議對鋼鐵和鋁的25％關稅短暫嘎嘎作響。

Given that Mexico and Canada are key steel suppliers to the U.S., concerns about renewed trade tensions have emerged. Stance on potential sanctions against Japan has further unsettled investors. This follows the White House’s recent decision to block Nippon Steel’s acquisition of U.S. steel.

鑑於墨西哥和加拿大是美國的主要鋼鐵供應商，因此出現了對新的貿易緊張局勢的擔憂。對日本潛在製裁的立場進一步尚未解決。這是在白宮最近決定阻止日本鋼鐵公司收購美國鋼鐵的決定之後。

Cautious Bitcoin Sentiment Prevails

謹慎的比特幣情緒盛行

Bitcoin briefly dropped to $95,000 in response to last week’s uncertainty but quickly rebounded. According to analysts, market sentiment rather than fundamentals drove the price movements.

比特幣短暫降至95,000美元，以應對上週的不確定性，但很快反彈。根據分析師的說法，市場情緒而不是基本面推動了價格變動。

Right now, traders favor put options until April, signaling cautious sentiment and a lack of strong bullish catalysts.

目前，交易者偏愛預選選擇，直到4月，表明謹慎的情緒和缺乏強烈的看漲催化劑。

As of press time, Bitcoin is priced at $97,449.43, reflecting a 1.05% increase in the past 24 hours and a 2.77% gain over the past week.

截至發稿時，比特幣的價格為97,449.43美元，反映了過去24小時的1.05％，過去一周增長了2.77％。