鯨魚活動減少削弱了比特幣的看漲前景

最近幾週，比特幣網路的高價值交易和鯨魚活動穩步下降，與此同時，加密貨幣正在努力擺脫整合。這種低迷的活動表明，除非網路活動出現好轉，否則近期低迷的價格表現可能會持續下去。

Diminished Whale Activity Dampens Bitcoin Price Prospects: On-Chain Data Raises Concerns

鯨魚活動減少削弱了比特幣價格前景：鏈上數據引發擔憂

Recent on-chain data analysis unveils a concerning trend for the Bitcoin network, revealing a steady decline in high-value transactions executed by whales, entities or individuals holding substantial amounts of BTC. This waning activity, tracked by Santiment's Whale Transaction Count metric, has mirrored the lackluster performance of Bitcoin's price, which has struggled to break out of consolidation throughout April.

最近的鏈上數據分析揭示了比特幣網路的一個令人擔憂的趨勢，即持有大量比特幣的鯨魚、實體或個人執行的高價值交易正在穩步下降。 Santiment 的鯨魚交易計數指標追蹤到的這種減弱的活動反映了比特幣價格的低迷表現，整個 4 月比特幣價格一直難以擺脫盤整。

Over the past six weeks, Bitcoin's price has repeatedly failed to sustain levels above $67,000, experiencing a subsequent decline of over 2% in the last seven days alone, according to data from CoinGecko. This underperformance coincides with the observed reduction in whale activity, suggesting a potential correlation between network activity and price movements.

CoinGecko 的數據顯示，在過去六週內，比特幣價格多次未能維持在 67,000 美元以上的水平，僅在過去 7 天就下跌了 2% 以上。這種表現不佳與觀察到的鯨魚活動減少相吻合，顯示網路活動與價格變動之間存在潛在相關性。

In-depth analysis by prominent crypto analyst Ali Martinez on the X platform reveals a noticeable drop in whale transactions, particularly those exceeding $100,000 and $1 million, since March 14, the date when Bitcoin reached its all-time high of $73,737. This dip in whale activity has coincided with the recent underperformance of Bitcoin's price.

著名加密貨幣分析師Ali Martinez 對X 平台的深入分析顯示，自3 月14 日（比特幣觸及73,737 美元的歷史高點）以來，鯨魚交易明顯下降，特別是超過10 萬美元和100 萬美元的交易。鯨魚活動的減少與近期比特幣價格表現不佳同時發生。

Martinez emphasizes that a reversal of this trend, with an increase in high-value transactions, could provide impetus for BTC's price. Such a surge in network activity would imply elevated demand for Bitcoin, potentially leading to higher prices. Historically, peaks in whale transaction counts have correlated with record-high prices for BTC.

馬丁內斯強調，隨著大額交易的增加，這一趨勢的逆轉可能會推動比特幣的價格上漲。網路活動的激增意味著對比特幣的需求增加，可能導致價格上漲。從歷史上看，鯨魚交易數量的高峰與比特幣創紀錄的高價格相關。

However, the on-chain data also provides a ray of hope. Despite the choppy market conditions, the number of active Bitcoin wallets is experiencing rapid growth. Santiment reports a 2.5% increase in "non-empty BTC wallets" in the last three months. This metric reflects the total number of unique addresses holding BTC, suggesting increasing demand for the cryptocurrency and potential future bullishness for its price.

不過，鏈上數據也帶來了一線希望。儘管市場環境動盪，活躍的比特幣錢包數量仍在快速成長。 Santiment 報告稱，過去三個月「非空 BTC 錢包」增加了 2.5%。該指標反映了持有 BTC 的唯一地址總數，表明對加密貨幣的需求不斷增加，並且未來其價格可能看漲。

As of writing, Bitcoin is trading just above $64,000, a modest 1.6% increase in the past day. While the price has not yet broken out of its consolidation range, the increasing number of active wallets combined with the potential impact of renewed whale activity could provide a catalyst for future price appreciation.

截至撰寫本文時，比特幣交易價格略高於 64,000 美元，過去一天小幅上漲 1.6%。雖然價格尚未突破盤整區間，但活躍錢包數量的增加，加上鯨魚活動重新出現的潛在影響，可能會成為未來價格升值的催化劑。

Conclusion

結論

The waning whale activity on the Bitcoin network has raised concerns regarding the cryptocurrency's short-term price prospects. However, the increasing number of active wallets suggests underlying demand that could reverse the recent trend. The recovery of whale activity, indicating increased demand and speculation, could be a pivotal factor in propelling BTC's price towards higher levels.

比特幣網路上鯨魚活動的減弱引發了人們對加密貨幣短期價格前景的擔憂。然而，活躍錢包數量的增加表明潛在需求可能會扭轉近期趨勢。鯨魚活動的恢復顯示需求和投機增加，可能是推動比特幣價格上漲的關鍵因素。

Market participants should carefully monitor on-chain data and whale behavior in the coming days and weeks to gauge the market sentiment and potential price trajectory of Bitcoin.

市場參與者應在未來幾天和幾週內仔細監控鏈上數據和鯨魚行為，以衡量市場情緒和比特幣的潛在價格軌跡。