隨著市場攀升，比特幣鯨顯示出克制

隨著比特幣的更正下降到本月初的低至74,000美元

Bitcoin price saw some recovery this week as its price surged 10% in the past week to trade above the $85,000 level after dropping to lows of $74,000 earlier this month.

本週比特幣的價格有所恢復，因為過去一周的價格在本月早些時候下降到74,000美元的低點後，其價格飆升了10％，超過了85,000美元的交易。

The recovery in BTC prices comes amid an 90-day pause on new tariffs from President Trump affecting all countries except China. The announcement helped ease market concerns, contributing to renewed momentum in both equity and digital asset markets.

BTC價格的回收率是在影響中國以外所有國家的特朗普總統的新關稅中停止了90天。該公告有助於緩解市場的關注，這有助於股票和數字資產市場的新勢頭。

Bitcoin Whales Show Restraint as Market Climbs

隨著市場攀升，比特幣鯨顯示出克制

As Bitcoin finds its footing in upward momentum, a new analysis from CryptoQuant analyst Darkfost suggests that large holders on Binance are responding to macroeconomic uncertainty with a cautious, but notably non-reactive, approach.

正如比特幣在向上的動力上發現的基礎一樣，加密分析師DarkFost的新分析表明，二比的大持有人正在採用謹慎但尤其是不反應的方法來應對宏觀經濟不確定性。

The insights were detailed in a post titled "How Are Binance Whales Reacting to Market Uncertainty?" which examined key on-chain metrics.

這些見解在題為“ Binance Whales如何對市場不確定性反應？”的帖子中詳細介紹了見解？它檢查了關鍵的鏈指標。

According to Darkfost, two primary indicators reveal the evolving behavior of Binance whales. The first, the Exchange Whale Ratio (EWR), compares the top 10 inflows to total inflows on Binance to gauge whale involvement.

根據DarkFost的說法，兩個主要指標揭示了二鯨的不斷發展的行為。首先，交換鯨比（EWR）將前10個流入與二值的總流入與規格鯨的參與度進行了比較。

A rising 365-day moving average (DMA) for the EWR reflects a growing concentration of inflows from large holders over time, indicating their stronger influence during long-term trends.

EWR的365天移動平均線（DMA）反映了大型持有人的流入越來越濃度，表明它們在長期趨勢中的影響力更強。

However, a recent decline in the 30DMA indicates reduced short-term activity. This suggests that whales may be taking a step back from active trading, neither selling aggressively nor showing signs of panic.

但是，最近30DMA的下降表明短期活性降低。這表明鯨魚可能會從積極的交易中退後一步，既不積極地出售也沒有表現出恐慌的跡象。

The second metric, Whale to Exchange Flow, measures the value of whale inflows to Binance over a 30-day period. Here too, the trend is down, falling over $3 billion and mirroring similar drawdowns observed during past corrections in 2024.

第二個指標交換流量的鯨魚在30天的時間內測量了鯨魚流入到二體的價值。在這裡，趨勢也下降了，下降了30億美元，並反映了2024年過去更正期間觀察到的類似縮水。

Combined, these signals suggest that Binance whales are opting to hold their positions rather than sell into current market conditions, potentially signaling confidence in longer-term prospects despite the ongoing uncertainty.

這些信號結合在一起，表明，二鯨選擇保持自己的地位，而不是出售當前的市場條件，儘管存在不確定性，但仍可能對長期前景的信心表示信心。

Buying Strength Persists Despite Uncertain Outlook

儘管看法不確定，但購買實力仍然存在

In a related CryptoQuant post, analyst Mignolet highlighted a continued pattern of buying strength on Binance. According to the analyst, the market buy ratio, an indicator tracking the volume of market buy orders, has not only remained intact but has recently surpassed previous highs.

在一個相關的隱式帖子中，分析師Mignolet強調了持續購買強度的二元力量的模式。根據分析師的說法，市場購買比率是跟踪市場購買訂單量的指標，不僅保持完整，而且最近超過了以前的高點。

This trend highlights persistent demand despite recent market corrections and volatility. The recurring nature of this pattern suggests that there is underlying buyer strength even as external macroeconomic forces, such as trade policies and regulatory shifts, continue to influence sentiment.

儘管最近的市場更正和波動性，這種趨勢仍凸顯了持續的需求。這種模式的反复性質表明，即使外部宏觀經濟部隊（例如貿易政策和監管轉變）繼續影響情緒，即使外部宏觀經濟部隊也存在基本的買方實力。

Historically, a sustained increase in the buy ratio has preceded medium-term rallies, although confirmation of a new trend will require follow-through in both price action and volume metrics.

從歷史上看，儘管確認新趨勢將需要在價格行動和數量指標上進行跟進，但在中期集會之前，買入比率持續增加。