儘管流動性和資本流入減慢，比特幣鯨已經向市場投入了130億美元。

儘管最近的價格糾正了，比特幣長期持有人（LTHS）仍然毫不動搖，在資產的未來中表現出強烈的信念。

Despite slowing liquidity and capital inflows, Bitcoin whales have poured a staggering $13 Billion into the market this month, indicating persistent institutional interest in the flagship cryptocurrency.

儘管流動性放緩和資本流入，比特幣鯨本月向市場投入了驚人的130億美元，這表明旗艦加密貨幣對機構的持續興趣。

Long-term holders are holding firm, while the Fed’s policy shift has pushed BTC price toward $86,000.

長期持有人持有公司，而美聯儲的政策轉變已將BTC的價格推向了86,000美元。

Bitcoin LTHs Unfazed By Recent Price Correction

比特幣Lths對最近的價格校正不滿意

Long-term holders (LTHs) remain less inclined to sell despite recent price drops, showcasing strong conviction in Bitcoin’s future.

長期持有人（LTHS）儘管最近的價格下跌，但仍不太願意出售，這表明了比特幣未來的堅定信念。

New research from Glassnode sheds light on this "unique market dynamic," particularly in the wake of Bitcoin's decline to a four-month low of $76,600 on March 11.

GlassNode的新研究闡明了這種“獨特的市場動態”，尤其是在比特幣下降到3月11日降至76,600美元的四個月低點。

Glassnode's March 18 analysis reveals a decrease in the Binary Spending Indicator, signifying reduced spending from LTHs.

GlassNode的3月18日分析表明，二進制支出指標的減少，表示LTH的支出減少。

Usually, this group's intense selling coincides with market tops; however, the current trend indicates continued accumulation.

通常，該集團的強烈銷售與市場頂部一致。但是，當前的趨勢表明持續積累。

"This suggests that there is a greater willingness to hold than to spend coins among this cohort," Glassnode stated.

GlassNode說：“這表明持有的意願比將硬幣花在這一隊列中的意願更大。”

The analysis firm noted that LTHs are continuing to hold onto their unrealized profits, which could be seen as an anticipation of further upside.

該分析公司指出，LTHS繼續保持其未實現的利潤，這可以看作是對進一步上漲的期望。

Whale Accumulation Paces As Fed Tips Rate Cuts

鯨魚的積累步伐隨著提示率的削減

On the other hand, institutional and high-net-worth investors have ramped up Bitcoin accumulation, further reinforcing bullish sentiment.

另一方面，機構和高淨值投資者增加了比特幣的積累，進一步增強了看漲的情緒。

Data from CryptoQuant reveals that wallets holding at least 1,000 BTC have added over 1 million BTC since November 2024.

來自CryptoQuant的數據表明，自2024年11月以來，持有至少1,000 BTC的錢包增加了100萬BTC。

The pace has accelerated, with more than 200,000 BTC acquired this month alone.

速度加速了，僅本月就獲得了200,000多個BTC。

According to Cryptoquant analyst Onchained,

根據加密分析師的說法，

"This sustained inflow highlights a shift in market dynamics, suggesting increased institutional or high-net-worth participation."

“這種持續的流入凸顯了市場動態的轉變，表明機構或高淨值參與的增加。”

Meanwhile, Bitcoin ETFs reversed their three-week selling streak, recording $512 million in inflows in three trading days.

同時，比特幣ETF扭轉了三週的連勝紀錄，在三個交易日內記錄了5.12億美元的流入。

On March 20 alone, according to SosoValue, ETFs attracted $209 million in net inflows.

僅在3月20日，據Sosovalue稱，ETF吸引了2.09億美元的淨流入。

Whale transactions exceeding $100,000 also surged, with daily volume jumping from $32 Billion to $42.9 Billion ahead of the Federal Reserve's rate decision.

鯨魚交易還超過100,000美元，每天的數量從320億美元增加到429億美元，比美聯儲的稅率決定。

Bitcoin Price Rallies Toward $86K As Fed Keeps Rates Steady

比特幣價格集會趨向86K，因為美聯儲保持穩定

Reacting to the Federal Open Market Committee (FOMC) meeting, where interest rates were kept unchanged, Bitcoin extended its price recovery on March 19, surging toward $86,000.

對聯邦公開市場委員會（FOMC）會議的反應，在該會議上保持利率不變，比特幣在3月19日延長了其價格回收率，飆升至86,000美元。

The Dow Jones index also responded with a gain of around 400 points.

道瓊斯指數還以400分的收益做出回應。

The Fed also confirmed a reduction in its quantitative tightening (QT) policy and signaled two rate cuts in 2025, as anticipated.

美聯儲還確認了其定量收緊（QT）政策的減少，並在2025年提出了兩次降低的速度。

Crypto and equity markets responded positively. Bitcoin price hit an intraday high of $84,263.

加密和股票市場做出了積極的反應。比特幣價格達到了84,263美元的盤中高價。

Traders are viewing this shift in the Fed's stance as a potential catalyst for continued upside.

貿易商正在將這種轉變視為持續上升空間的潛在催化劑。

Several analysts remain optimistic. Merlijn The Trader noted that Bitcoin's RSI signals an oversold condition, which he says historically leads to "HARD RALLIES."

幾位分析師仍然樂觀。交易員梅爾利（Merlijn）指出，比特幣的RSI標誌著過多的狀況，他說這在歷史上導致了“艱苦的集會”。

Others, like IncomeSharks, highlighted strong support levels holding firm, further reinforcing bullish sentiment.

其他人，例如Incomesharks，強調了堅定的支持水平，進一步增強了看漲的情緒。

However, despite the Bitcoin price surge, not all market participants are on the same page.

但是，儘管比特幣價格飆升，但並非所有市場參與者都在同一頁面上。

CryptoQuant CEO Ki Young Ju believes that the bull cycle might be over, anticipating 6-12 months of sideways or bearish price action.

CryptoQuant首席執行官Ki Young Ju認為，牛週期可能已經結束，預計側面有6-12個月或看跌價格。