分析師說，鯨魚會累積比特幣，因為市場面臨著清算風險

兩家領先的分析公司對比特幣和以太坊的當前狀態有了對比的見解，強調了波動性的增長和兩種資產中的投資者行為不同。

Two leading analytics firms have shared contrasting insights into the current state of Bitcoin and Ethereum, highlighting growing volatility and diverging investor behavior across both assets.

兩家領先的分析公司對比特幣和以太坊的當前狀態有了對比的見解，強調了波動性的增長和兩種資產中的投資者行為不同。

As shared by research firm Alphractal, Bitcoin is showing heightened sensitivity to liquidation events in the short term, particularly within the $74,000 to $84,000 range. Should the cryptocurrency experience a sudden and significant price movement, either up or down, it could trigger a chain reaction of liquidations on both sides, potentially setting off a volatile back-and-forth in the market.

正如研究公司Alphractal所共有的那樣，比特幣在短期內表現出對清算事件的敏感性，尤其是在74,000美元至84,000美元的範圍內。如果加密貨幣的價格突然而重要的價格轉移，無論是上下的，它都可能會引發兩側清算的鏈條反應，從而有可能在市場上來回揮發。

Enterprising apex traders could then amplify these price swings, leading to even greater volatility and setting the stage for an interesting showdown between bulls and bears. This sensitivity to liquidation events underscores the importance of technical support and resistance levels in the coming days.

然後，進取的頂點交易者可以擴大這些價格波動，從而導致更大的波動性，並為公牛和熊之間有趣的攤牌奠定了基礎。對清算事件的這種敏感性強調了未來幾天技術支持和阻力水平的重要性。

On the other hand, Ethereum appears more stable from a liquidation perspective, with long and short positions remaining relatively balanced. However, analysts warn that short positions near the $1,800 level are vulnerable to unexpected price jumps, which could quickly escalate and pour fuel on the bullish fire.

另一方面，從清算角度來看，以太坊看起來更穩定，長位置和短位置保持相對平衡。但是，分析師警告說，接近$ 1,800的水平的短職位容易受到意外的價格上漲，這可能會迅速升級並倒入看漲的大火。

In a separate analysis, CryptoQuant has highlighted a growing trend of large-scale Bitcoin investors, commonly known as whales, resuming accumulation as the market faces liquidation risks.

在另一項分析中，加密素養強調了大規模比特幣投資者（通常稱為鯨魚）的增長趨勢，隨著市場面臨清算風險，恢復積累。

Since the beginning of March, over 100,000 BTC have flowed into the holdings of major investors, even as overall network activity remains low and interest from smaller investors, also known as "hodlers," is waning.

自3月初以來，即使整體網絡活動仍然較低，而且較小的投資者的興趣（也稱為“ Hodlers”）正在減弱，但超過100,000個BTC一直流入主要投資者的股份。

CryptoQuant’s team noted that while smaller investors are retreating amid market uncertainty, institutions and long-term players are using the dip to strengthen their positions, further capitalizing on price weakness in zones previously favored by “smart money.”

CryptoQuant的團隊指出，儘管較小的投資者在市場不確定性中撤退，但機構和長期參與者正在使用DIP來加強自己的立場，進一步利用了以前受到“智能貨幣”青睞的區域的價格弱點。

The diverging signals between network activity and whale behavior suggest that while short-term volatility may rattle retail traders, larger players are preparing for the long game, remaining focused on pivotal technical levels for potential reversals or continuations of the prevailing trends.

網絡活動和鯨魚行為之間的不同信號表明，儘管短期波動可能會騷擾零售交易者，但較大的參與者正在為長游戲做準備，而始終集中在關鍵的技術水平上，以實現潛在的逆轉或持續的現行趨勢。