比特幣鯨恢復積累，為潛在的新拉力賽設定了舞台

一個多月以來，比特幣[BTC]鯨魚一直在穩步降低其持股量，這是過去一年中淨下降最長的股份。

For over a month, Bitcoin [BTC] whales have been steadily reducing their holdings, marking the longest period of net decline over the past year. However, the trend has now shifted, with whales beginning to accumulate again.

一個多月以來，比特幣[BTC]鯨魚一直在穩步降低其持股量，這是過去一年中淨下降最長的股份。但是，現在的趨勢已經發生了變化，鯨魚再次開始積聚。

This reversal has pushed the monthly percentage change in whale holdings back into positive territory, signaling potential changes in market sentiment. The key question is whether this shift could fuel BTC’s next rally or if the accumulation is merely a temporary adjustment.

這種逆轉已將鯨魚持有量的每月百分比變化恢復到積極的領域，這表明了市場情緒的潛在變化。關鍵問題是，這種轉變是否可以助長BTC的下一次集會，或者積累只是暫時的調整。

Bitcoin’s whale accumulation resumes – A trend reversal?

比特幣的鯨魚積累恢復 - 趨勢逆轉？

As per the latest on-chain data, Bitcoin whales have re-entered accumulation mode. After weeks of declining balances, total whale holdings are now seeing an uptick, with the 30-day percentage change turning positive at +0.7%.

根據最新的鍊鍊數據，比特幣鯨具有重新輸入的積累模式。經過數週的餘額下降，現在總鯨魚持有量增加了，其中30天的變化變化為 +0.7％。

Historically, similar shifts in whale behavior have often preceded significant price movements. At the time of writing, the total balance was around 3.4 million.

從歷史上看，鯨魚行為的類似轉變通常在價格上的重大變動之前。在寫作時，總餘額約為340萬。

Source: CryptoQuant

資料來源：加密

A closer look at past trends revealed that whenever whales reversed from net selling to net accumulation, BTC saw periods of heightened volatility. And, in many cases, price recoveries.

仔細觀察過去的趨勢表明，每當鯨魚從淨銷售到淨累積的鯨魚倒轉時，BTC就會看到波動率提高的時期。而且，在許多情況下，價格回收。

This suggested that whales may be positioning themselves for a potential market shift.

這表明鯨魚可能正在為潛在的市場轉變定位。

Bitcoin’s price action – What’s next?

比特幣的價格動作 - 下一步是什麼？

Bitcoin was trading at $86,480 at press time, following a 0.32% decline over the last 12 hours. The 50-day moving average sat at $92,321, acting as a key resistance level.

發稿時，比特幣的交易價格為86,480美元，在過去12小時內下降了0.32％。 50天的移動平均線為92,321美元，充當關鍵阻力水平。

Meanwhile, BTC seemed to be hovering near the lower Bollinger Band – A sign that price volatility has been increasing across the board.

同時，BTC似乎在下Bollinger樂隊附近徘徊 - 這表明價格波動一直在增加。

Source: TradingView

資料來源：TradingView

The Money Flow Index [MFI] was at 49.06 – A sign that BTC was neither in overbought nor oversold territory.

貨幣流量指數[MFI]為49.06 - 一個跡象表明BTC既不是過分買賣的，也不是超賣領土。

A sustained hike in whale accumulation could drive Bitcoin towards a retest of $90,000. However, failure to reclaim key moving averages could push the price towards its $82,000 support levels.

鯨魚積聚的持續升高可能會將比特幣驅動到90,000美元的重新測試。但是，未能收回鑰匙的平均值可能會將價格推向其82,000美元的支持水平。

What could happen next?

接下來會發生什麼？

When analyzing previous instances where whale accumulation resumed after a period of net selling, AMBCrypto found that BTC often saw buying pressure in the following weeks.

在分析以前的實例，在一段淨銷售後恢復鯨魚的積累時，Ambcrypto發現BTC經常在接下來的幾週內看到購買壓力。

However, the extent of the price impact depends on external market conditions, such as macroeconomic factors and overall investor sentiment.

但是，價格影響的程度取決於外部市場狀況，例如宏觀經濟因素和整體投資者情緒。

A major factor to consider is whether the whale accumulation is coming from long-term investors or short-term traders. If the recent buying trend continues, it could signal renewed confidence in BTC’s long-term outlook. Conversely, if accumulation slows down, BTC may remain range-bound before making its next decisive move.

要考慮的主要因素是鯨魚的積累是來自長期投資者還是短期交易者。如果最近的購買趨勢繼續下去，它可能表明對BTC長期前景的信心更新。相反，如果積累減慢，BTC可能會在下一個決定性移動之前保持範圍限制。

Will whales drive the next Bitcoin rally?

鯨魚會驅動下一個比特幣集會嗎？

The latest shift in Bitcoin whale behavior hinted that large holders are starting to position themselves for a potential market shift. While previous accumulation phases have led to price hikes, it remains essential to monitor BTC’s ability to reclaim key resistance levels.

比特幣鯨行為的最新轉變暗示，大持有人開始將自己定位為潛在的市場轉變。儘管以前的積累階段導致了價格上漲，但監視BTC恢復關鍵阻力水平的能力仍然至關重要。

If whales continue to buy aggressively, BTC could attempt to break above $90,000 and retest $92,000. On the other hand, failure to maintain momentum may keep BTC from consolidating between $82,000 and $88,000 in the near term.

如果鯨魚繼續積極地購買，BTC可能會試圖打破90,000美元以上，並重新測試92,000美元。另一方面，未能保持BTC在短期內使BTC的合併在82,000至88,000美元之間。

Investors should check out on-chain data and macroeconomic signals to gauge whether this momentum can be sustainable or not.output: For over a month, Bitcoin [BTC] whales have been steadily reducing their holdings, making it the longest period of net decline over the past year. However, the trend has now reversed, with whales beginning to accumulate again.

投資者應查看鏈上的數據和宏觀經濟信號，以衡量這種勢頭是否可以可持續。輸出：超過一個月的時間，比特幣[BTC]鯨魚一直在穩步降低其持股量，使其成為過去一年中最長的淨下降時期。但是，這種趨勢現在已經逆轉了，鯨魚再次開始積聚。

This reversal has pushed the monthly percentage change in whale holdings back into positive territory, signaling potential changes in market sentiment. The key question is whether this shift could fuel BTC’s next rally or if the accumulation is merely a temporary adjustment.

這種逆轉已將鯨魚持有量的每月百分比變化恢復到積極的領域，這表明了市場情緒的潛在變化。關鍵問題是，這種轉變是否可以助長BTC的下一次集會，或者積累只是暫時的調整。

Bitcoin’s whale accumulation resumes – A trend reversal?

比特幣的鯨魚積累恢復 - 趨勢逆轉？

As per the latest on-chain data from CryptoQuant, Bitcoin whales have re-entered accumulation mode. After several weeks of declining balances, total whale holdings are now showing a slight uptick.

根據來自加密量的最新鍊鍊數據，比特幣鯨具有重新輸入的積累模式。經過數週的餘額下降，總鯨魚持有量略有上升。

The 30-day percentage change has turned positive at +0.7%, indicating a recent shift in behavior. Previously, in mid-August, the monthly change hit the lowest point at -6.0%.

30天的變化變化為 +0.7％，表明行為的轉變。以前，在8月中旬，每月更改的最低點為-6.0％。

Bitcoin (BTC) whales' monthly balance change. Credit: CryptoQuant

比特幣（BTC）鯨魚的每月平衡變化。圖片來源：加密量

Historically, significant shifts in whale behavior, like this reversal from selling to buying pressure, have often preceded periods of heightened price volatility and, in many cases, signaled the onset of price trends.

從歷史上看，鯨魚行為的顯著轉變，例如從銷售到購買壓力的這種逆轉，通常在價格上漲的時期之前就已經提高了，並且在許多情況下，它表明了價格趨勢的開始。

At the time of writing, the total balance held by whales stood at approximately 3.4 million BTC.

在撰寫本文時，鯨魚的總餘額約為340萬BTC。

A closer look at Bitcoin’s price action

仔細觀察比特幣的價格動作

Bitcoin was trading at $86,480 at press time, on Thursday, September 7. It sustained a 0.32% decline over the last

比特幣在9月7日（星期四）發稿時的交易價格為86,480美元。在上一台下降了0.32％