新鯨已經積累了比特幣（BTC），表明很有信心

比特幣（BTC）繼續以低於90,000美元的心理交易，其價格為82,346美元。這標誌著1月份記錄的109,000美元以上的歷史高處下降了24.3％。

Bitcoin (BTC) price hovers below the key $90,000 psychological level, with its latest price standing at $82,346. This marks a 24.3% drop from its all-time high above $109,000, which was reached in January.

比特幣（BTC）的價格徘徊在關鍵$ 90,000的心理水平上，其最新價格為82,346美元。這標誌著一月份達到的109,000美元以上的歷史高度下降了24.3％。

However, despite this downward trend, new on-chain data suggests that a surge of high-net-worth investors, or "new whales," has been aggressively accumulating BTC in recent months, which could have major implications for the crypto's trajectory.

但是，儘管有這種下降趨勢，但新的鏈上數據表明，近幾個月來，高淨值投資者或“新鯨魚”的激增一直在積極積累BTC，這可能對加密貨幣的軌跡產生重大影響。

According to CryptoQuant analyst onchained, there has been a distinct group of Bitcoin holders, each holding at least 1,000 BTC and with new coins acquired within the past six months, who have been diligently accumulating.

根據CryptoQuant分析師的說法，有一群獨特的比特幣持有人，每個持有人至少持有1,000 BTC，並且在過去六個月內獲得了新硬幣，他們一直在努力積累。

This trend, which began in November 2024, has accelerated drastically in recent weeks. These new whales have now amassed over 1 million BTC in total and added more than 200,000 BTC just this month.

這種趨勢始於2024年11月，最近幾週急劇加速。這些新鯨魚現在總共積累了超過100萬BTC，本月增加了200,000多個BTC。

"It's truly remarkable. We've never witnessed anything like it in previous bull markets. Usually, in a bull market, a new group of whales emerges gradually over a period of 6-12 months. However, this time it's been exceptionally swift," remarked the analyst.

“這確實是非常了不起的。在以前的牛市中，我們從未見過類似的東西。通常，在牛市中，一群新的鯨魚逐漸在6-12個月內逐漸出現。但是，這次非常迅速，”分析師說。

Unprecedented Accumulation Trend

空前的積累趨勢

Onchained further highlighted that this unprecedented accumulation trend speaks volumes about the deep-seated confidence these investors have in Bitcoin’s long-term outlook.

Onchained進一步強調，這種前所未有的積累趨勢表達了這些投資者對比特幣長期前景所具有的深厚信心。

The rapid expansion of new whale holdings suggests that either institutional investors or high-net-worth individuals are significantly increasing their exposure to Bitcoin.

新鯨魚持有的迅速擴張表明，機構投資者或高淨值個人正在大大增加對比特幣的接觸。

The analyst noted that the majority of these newly acquired holdings are being retained for short periods of time (less than six months), which aligns with the current market narrative.

分析師指出，這些新近獲得的持股中的大多數正在短期內（少於六個月），這與當前的市場敘述保持一致。

It suggests that investors see value at present price levels and are prepared to hold despite market fluctuations.

這表明投資者在當前價格水平上看到價值，儘管市場波動，但仍準備持有。

If this accumulation trend persists, it could serve as a strong support mechanism for Bitcoin’s price in the coming months. Onchained also speculated that Bitcoin could revisit its all-time high and potentially break beyond it, mentioning possible price targets of $150,000 or even $160,000.

如果這種積累趨勢持續存在，它可以作為未來幾個月比特幣價格的強大支持機制。 Onchained還推測，比特幣可能會重新審視其歷史最高水平並有可能超越其超越它，提到可能的價格目標為150,000美元甚至160,000美元。

However, market conditions, liquidity, and investor sentiment will play a crucial role in determining the sustainability of this trend.

但是，市場狀況，流動性和投資者情緒將在確定這一趨勢的可持續性中發揮關鍵作用。

Is Bitcoin Demand Weakening?

比特幣需求削弱嗎？

While whale accumulation suggests strong long-term conviction, another CryptoQuant analyst, BilalHuseynov, has spotted potential concerns over Bitcoin’s demand momentum.

儘管鯨魚的積累表明了強烈的長期定罪，但另一位加密分析師Bilalhuseynov發現了對比特幣需求勢頭的潛在問題。

His analysis shows that Bitcoin saw peaks in demand in both March and December 2024, marking the first time two demand peaks have occurred in close succession. But following the March peak, a significant decline in demand is evident.

他的分析表明，比特幣在2024年3月和12月的需求中達到了高峰，這是第一次接近連續的兩個需求峰值。但是，在三月峰值之後，需求大幅下降是顯而易見的。

Huseynov compared this trend to previous market cycles, particularly the 2017-2018 period, when momentum peaks were followed by price fluctuations and a gradual decrease in demand.

Huseynov將這種趨勢與以前的市場週期（尤其是2017 - 2018年期間）進行了比較，當時動量峰值隨後是價格波動，需求逐漸下降。

He noted that while factors such as market size, trading volume, and liquidity have changed drastically since then, the current trend suggests that Bitcoin’s demand may be softening, which could impact price movements more in the near term.

他指出，儘管從那以後的市場規模，交易量和流動性等因素發生了巨大變化，但目前的趨勢表明，比特幣的需求可能正在減輕，這可能會在短期內影響價格變動。