比特幣鯨活動發生的變化正在發生，這可能會導致市場沿不同的路線發展。

由於一些主要的比特幣持有人在購買時減少了持股，因此存在不確定性。鯨魚行為的這種變化可能表明突破性或增加波動性的時間，這會使交易者發抖。

There is a shift in Bitcoin whale activity on Binance that may cause the market to go in a different route.

比特幣鯨活動對二進制的活動發生了變化，可能會導致市場走上不同的路線。

Some major Bitcoin (BTC) have been decreasing their holdings, while others are buying, leading to uncertainty. This change in whale behavior may point to a breakout or a time of increased volatility, which would make traders jittery.

一些主要的比特幣（BTC）正在減少其持股，而另一些則在購買，導致不確定性。鯨魚行為的這種變化可能表明突破或增加波動性的時間，這會使交易者發抖。

A CryptoQuant analyst says that the BTC exchange whale ratio on Binance has been slowly going down. This means that big holders are less likely to sell. In the past, when this metric declines, Bitcoin has found better support, making it more likely to rise again.

一位隱秘分析師說，BTC交換鯨魚的二元比率一直在慢慢下降。這意味著大持有人的銷售可能性較小。過去，當該指標下降時，比特幣已經找到了更好的支持，使其更有可能再次上升。

Binance Whale Ratio Declines

Binance Whale比率下降

The whale ratio measures, out of all exchange outflows, the percentage of large holders’ high outflows. A high percentage suggests a likelihood of price volatility, given that whales are selling Bitcoin.

鯨魚比在所有交換流出中衡量了大型持有人高流出的百分比。鑑於鯨魚正在銷售比特幣，因此很高的比例表明價格波動的可能性。

Usually, though, a drop in this statistic indicates a decline in the selling pressure. According to Darkfost, this ratio has dropped recently on Binance, the biggest cryptocurrency exchange in the world.

但是，通常，此統計數據的下降表明銷售壓力下降。根據DarkFost的說法，該比率最近在Binance上下降了，Binance是世界上最大的加密貨幣交易所。

This transition is important because Binance handles the highest volumes of Bitcoin. The decrease in whale influence creates an atmosphere where smaller investors have more impact on the price movements, which supports a more balanced market.

這種過渡很重要，因為Binance處理比特幣的最高體積。鯨魚影響力的下降創造了一種氛圍，較小的投資者會對價格變動產生更大的影響，這支持了更平衡的市場。

Long-Term Holders Expanding Their Inventory

長期持有人擴大庫存

Another factor is the reduced concentration of long-term holders. According to the data, Bitcoin millionaires are not accumulating as quickly as before.

另一個因素是長期持有人的濃度降低。根據數據，比特幣百萬富翁的積累不如以前。

Due in large part to the fact that many people are selling, whale holdings have dropped to their lowest position in six years.

在很大程度上是由於許多人銷售的事實，鯨魚的持有量已在六年來下降到其最低地位。

Some experts view this positively. As whale control lessens, Bitcoin becomes less susceptible to sudden price swings resulting from massive sell-offs. However, others caution that without strong whale backing, BTC would struggle to pick up momentum in the near future.

一些專家對此進行了積極的看法。隨著鯨魚控制的減少，比特幣變得不易受到大量拋售而突然的價格波動的影響。但是，其他人警告說，如果沒有強烈的鯨魚支持，BTC將在不久的將來努力振奮。

What This Means For Bitcoin’s Price

這對比特幣的價格意味著什麼

The declining whale ratio and the lower exposure of long-term holders mean that the path of Bitcoin’s price is yet clear. In the past, periods of market stability or delayed recovery followed decreasing whale ratios.

鯨魚比下降和長期持有人的較低接觸意味著比特幣價格的道路尚未清楚。過去，在鯨魚比下降之後，市場穩定或延遲恢復時期。

If history repeats itself, BTC might be nearing a critical support level before deciding on its next move.

如果歷史重演，BTC可能會在決定下一步之前接近關鍵的支持水平。

At the time of writing, Bitcoin was trading at $82,120, up 1.4% in the daily frame, but down 6.4% in the last week, data from Coingecko shows.

Coingecko的數據顯示，在撰寫本文時，比特幣的交易價格為82,120美元，在每日框架中增長了1.4％，但上週下跌了6.4％。

Investors Brace For Subsequent Price Action

投資者為隨後的價格行動做好準備

Darkfost’s observations suggest that Bitcoin’s decline may be nearing its conclusion, but further verification is needed.

Darkfost的觀察結果表明，比特幣的下降可能正在接近結論，但需要進一步驗證。

Several traders will be examining whether BTC maintains critical support levels and whether smaller investors increase their purchasing activity.

幾位交易者將檢查BTC是否維持關鍵支持水平以及較小的投資者是否增加了他們的購買活動。

Currently, the Binance whale ratio is the primary focus of traders. If it continues to decline, it could be an early indication of market stabilization. However, there is a possibility that additional volatility may be forthcoming if it is to reverse.

目前，二體鯨比是交易者的主要重點。如果繼續下降，它可能是市場穩定的早期跡象。但是，如果要逆轉，可能會出現額外的波動率。