Jeffrey Wilcke 存款消息傳出後，ETH 漲勢陷入停滯

以太坊（ETH）的最新鯨魚拋售源自於該項目聯合創始人之一杰弗裡·威爾克（Jeffrey Wilcke）的錢包。

One of the project’s co-founders moved another 20,000 ETH, while the latest whale selling for Ethereum (ETH) originated from the wallets of Jeffrey Wilcke. Another 20K ETH acquired at a low price range was sent to Kraken.

該計畫的一位共同創辦人又轉移了 20,000 ETH，而最新的以太坊（ETH）鯨魚拋售則源自 Jeffrey Wilcke 的錢包。另外以低價收購的 20K ETH 則發送到 Kraken。

One of the co-founders of Ethereum (ETH), Jeffrey Wilcke sent 20K ETH to Kraken. This recent transfer continues a trend where Wilcke has been steadily liquidating his initial share of ETH from the 2021 bull market.

以太坊 (ETH) 的聯合創始人之一 Jeffrey Wilcke 向 Kraken 發送了 20K ETH。最近的這次轉帳延續了 Wilcke 穩步清算 2021 年牛市中最初持有的 ETH 份額的趨勢。

After the network’s launch in 2016, Wilcke started with a founder’s allocation of 463,203 ETH. Since then, he has made total exchange deposits of 356,805 ETH. Before the 2021 bull market, Wilcke shifted a total of 290,505 ETH to exchanges at an average deposit price of $190.

該網絡於 2016 年推出後，Wilcke 從創辦人分配的 463,203 ETH 開始。從那時起，他總共存入了 356,805 ETH 的兌換存款。在 2021 年牛市之前，Wilcke 以 190 美元的平均存款價格將總計 290,505 ETH 轉移到交易所。

Following a pause, Wilcke resumed selling in the summer of 2023 and liquidated over 63K ETH. The wallet still contains another 106K ETH, which can be sold at a much higher average price. While the exchange deposits may not necessarily indicate selling and could be preparation for a larger ETH rally, the selling pressure might slow down as this early wallet has already sold a large portion of its holdings.

暫停後，Wilcke 在 2023 年夏季恢復拋售，並清算了超過 63,000 枚 ETH。錢包中還包含另外 106K ETH，可以以更高的平均價格出售。雖然交易所存款可能不一定意味著拋售，並且可能是為 ETH 更大的反彈做準備，但拋售壓力可能會放緩，因為這個早期錢包已經出售了大部分持股。

The token’s price did not stall its rally above $3,500 despite the new ETH inflow. However, the selling raised the issue of early ETH founders failing to hold the token at key moments. Wilcke’s move is similar to selling from the Ethereum Foundation, which is usually taken as an indicator of a local market peak, followed by a price drawdown.

儘管有新的 ETH 流入，但該代幣的價格並未停止上漲至 3,500 美元以上。然而，此次拋售引發了早期 ETH 創辦人未能在關鍵時刻持有代幣的問題。威爾克的舉動類似於以太坊基金會的拋售，通常被視為當地市場見頂，隨後價格下跌的指標。

The concerns about ETH are centered on its still-delayed major rally, as the asset is still below $4,000 while BTC moved into a new price range. The readiness of early Ethereum investors to sell is often a point of contention in the community. Vitalik Buterin has also continued to sell hundreds of ETH, though largely for donations and investments.

對 ETH 的擔憂主要集中在其仍延遲的主要反彈上，因為該資產仍低於 4,000 美元，而 BTC 已進入新的價格區間。早期以太坊投資者是否願意出售以太坊往往是社群爭論的焦點。 Vitalik Buterin 也繼續出售數百台 ETH，但主要用於捐贈和投資。

ETH Rally Stalls on News of Wilcke’s Deposit

Wilcke 儲值訊息導致 ETH 漲勢停滯

The latest inflow of ETH, valued at $70M, is a small amount in the short term, especially when considering the total exchange availability of the token. Last week, markets held more than $70B in ETH liquidity, with inflows. It was Wilcke’s reluctance to act as a crypto insider that contributed to a less decisive rally for ETH.

最新流入的 ETH 價值為 7000 萬美元，在短期內是一個小數額，特別是考慮到該代幣的總交易可用性時。上週，市場持有超過 70B 美元的 ETH 流動性，並有資金流入。威爾克不願充當加密貨幣內部人士，導致 ETH 的反彈不那麼決定性。

After breaching the $3,400 mark, ETH expanded to a high of $3,549.30. After breaking the $3,700 resistance level, the next potential stop for ETH is $4,000. In order to continue its growth, ETH aims to close the week above that level.

在突破 3,400 美元大關後，ETH 擴大至 3,549.30 美元的高點。在突破 3,700 美元阻力位後，ETH 的下一個潛在停損點是 4,000 美元。為了繼續增長，ETH 的目標是本週收盤價高於該水平。

Despite the recent correction, ETH’s open interest is still close to its three-year peak at $16.1B. The token has a 72% long position dominance, suggesting that leveraged positions may be attacked with a short-term correction.

儘管近期出現調整，ETH 的未平倉合約仍接近其三年高點 $16.1B。該代幣擁有 72% 的多頭部位優勢，表明槓桿頭寸可能會受到短期回調的攻擊。

Can Whales Sway ETH?

鯨魚能左右 ETH 嗎？

For some, ETH selling from whales is only seen as a tool to create uncertainty. Compared to other assets, ETH is much more liquid, and short-term selling is easily absorbed.

對某些人來說，鯨魚拋售 ETH 只是被視為製造不確定性的工具。與其他資產相比，ETH 的流動性要高得多，短期拋售很容易被吸收。

The supply of ETH is also widely distributed, with no single entity having enough power to sway the market. More than 34.2M ETH is locked in staking by a diverse group of validators. Whales hold 65.1M ETH in total, which includes exchange wallets, vaults and other reserves.

ETH 的供應也分佈廣泛，沒有任何一個實體有足夠的權力來左右市場。超過 3,420 萬個 ETH 被不同的驗證者群體鎖定。鯨魚總共持有 6,510 萬枚 ETH，其中包括交易所錢包、金庫和其他儲備。

The first class of investors hold 14.5M ETH, while retail also owns around 65M ETH. Some of the whales and retail overlap with staking, given the total supply of 120M. Early investors tend to hold ETH for the long term, not selling but instead supporting other projects or staking for passive income.

一級投資者持有 1,450 萬枚 ETH，散戶也持有約 6,500 萬枚 ETH。鑑於總供應量為 1.2 億，一些鯨魚和零售與質押重疊。早期投資者傾向於長期持有 ETH，不是出售，而是支持其他項目或質押以獲得被動收入。

Moreover, the Ethereum ETF saw another day of over $90M in new inflows. The Bitcoin ETF drew in $103M, with ETH catching up quickly. In a short period of time, Ethereum ETFs have drawn more than $10B in assets under management and have become the biggest cluster of ETH long-term holders.

此外，以太坊 ETF 又一天新增資金流入超過 9,000 萬美元。比特幣 ETF 吸金 1.03 億美元，ETH 迅速趕上。在短時間內，以太坊 ETF 吸引了超過 10B 美元的管理資產，並成為 ETH 長期持有者的最大集群。

In the long term, ETH still has a bullish outlook, which is evident from its ecosystem’s growth and expansion. The movement of whales into Ethena (ENA) is also a sign that ETH is seen as a reliable and expandable base.

從長遠來看，ETH 的前景仍然看漲，這從其生態系統的成長和擴張中可以明顯看出。鯨魚湧入 Ethena (ENA) 也顯示 ETH 被視為可靠且可擴展的基礎。