新鯨魚在加密貨幣海洋中引起海浪

GlassNode的最新數據表明，將其資產持有24到三個月的新買家現在擁有市場價值的50％。

Recent data from Glassnode shows that new buyers, who have held their assets for 24 hours to three months, now own 50% of the market’s value.

GlassNode的最新數據表明，將其資產持有24到三個月的新買家現在擁有市場價值的50％。

This figure tells an important story about the current state of the crypto market, especially as Bitcoin fluctuates around $100,000. The top cryptocurrency experienced big price changes, going up over $105,000 on Sunday, dropping below $98,000 on Monday, and then increasing by 2.04% on Tuesday.

這個數字講述了一個關於加密市場當前狀態的重要故事，尤其是比特幣波動約100,000美元。最高的加密貨幣經歷了巨大的價格變化，週日上漲了105,000美元，週一下降到98,000美元以下，然後在周二增長了2.04％。

New Whales Make Waves In The Cryptocurrency Ocean

新鯨魚在加密貨幣海洋中引起海浪

Since mid-2024, the entry of new Bitcoin whales (see CryptoQuant graph below) has significantly changed the market landscape. These heavyweight investors, defined as entities that have held more than 1,000 BTC for less than 155 days, have increased their market share from 17% in July 2024 to 60%.

自2024年中期以來，新的比特幣鯨的進入（請參見下面的加密圖）已大大改變了市場格局。這些重量級投資者被定義為已有超過1,000 BTC的實體，不到155天，其市場份額從2024年7月的17％提高到60％。

This increase in whale accumulation, which occurred while Bitcoin was trading at $55,000, demonstrates strong institutional confidence despite market volatility.

鯨魚積累的增加發生在比特幣以55,000美元的價格交易時發生的，儘管市場波動，但仍表現出強烈的機構信心。

At 50.2%, the proportion of wealth held by new #Bitcoin investors (24H to 3 months), is still well below the levels seen during previous ATH cycle tops:

新#bitcoin投資者（24小時至3個月）持有的財富比例佔50.2％，仍遠低於以前ATH週期高層的水平：

🔺2018 peak: 85% 🔺2021 peak: 74%https://t.co/hkTSpFVAPG pic.twitter.com/6gcOgIIlvM

🔺2018峰：85％🔺2021峰：74％https：//t.co/hktspfvapg pic.twitter.com/6gcogiilvm

— glassnode (@glassnode) January 28, 2025

- 2025年1月28日

Historical Patterns Indicate Potential Upside

歷史模式表明潛在上升空間

Previous market cycle analysis shows that we still have a long way to go till peak euphoria. New investors owned a far larger share of market wealth in the 2018 and 2021 market peaks—85% and 74% respectively.

先前的市場週期分析表明，直到高峰欣快峰值還有很長的路要走。新投資者在2018年和2021年的市場峰值中擁有更大的市場財富份額，分別為85％和74％。

Today’s more modest 50.2% figure indicates substantial room for growth before matching historical patterns. The Realized Cap HODL Waves metric reinforces this view, suggesting current accumulation levels remain relatively conservative compared to previous bull markets.

當今更謙虛的50.2％的數字表明，在與歷史模式相匹配之前，增長的空間很大。實現的帽子hodl波衡量標準增強了這一觀點，這表明與以前的牛市相比，當前的積累水平仍然相對保守。

Market Structure Demonstrates Surprising Resilience

市場結構表現出令人驚訝的彈性

Cryptocurrency experts say that Bitcoin is currently in a crucial trade area. The digital asset faces strong obstacles near $109,000, but it has solid support at $91,700.

加密貨幣專家說，比特幣目前處於關鍵的貿易領域。數字資產面臨著強大的障礙，接近109,000美元，但穩定的支持為91,700美元。

Traders are focusing on these numbers to try to guess the market’s next big change. Market analysts think Bitcoin needs to rise by 70% to reach an overbought level of about $180,000, a goal that has caught the attention of both regular and big investors.

貿易商正在關注這些數字，以猜測市場的下一個重大變化。市場分析師認為，比特幣需要上升70％才能達到約180,000美元的過高，這一目標引起了普通投資者和大型投資者的關注。

Critical Support Levels Shape Trading Strategy

關鍵支持水平形狀交易策略

The way the market is set presents an interesting duality. Bitcoin stays above vital support levels, but rejection at upper resistance bands has created a turbulent trading zone.

市場設置的方式表現出有趣的雙重性。比特幣保持在重要的支撐水平上，但是上阻力帶的拒絕創造了一個動蕩的貿易區。

Technical specialist Ali Martinez emphasizes the importance of the $91,700 support level since it can decide the near-term price stability of Bitcoin.

技術專家阿里·馬丁內斯（Ali Martinez）強調了91,700美元的支持水平的重要性，因為它可以決定比特幣的近期價格穩定性。

#Bitcoin $BTC was rejected at the upper red pricing band at $109,400. Failing to reclaim this level shifts focus to the next critical support at the orange MVRV pricing band, currently sitting at $91,700. pic.twitter.com/h0EgU11fWO

#bitcoin $ btc在上層紅色定價樂隊拒絕了109,400美元。未能收回此級別的重點轉移到Orange MVRV定價樂隊的下一個關鍵支持，目前為91,700美元。 pic.twitter.com/h0egu11fwo

— Ali (@ali_charts) January 28, 2025

- Ali（@ali_charts）2025年1月28日

One unique quality of current short-term volatility is that Bitcoin shows significant profits and losses in rapid succession.

當前短期波動率的一種獨特質量是，比特幣在快速繼承中顯示出顯著的利潤和損失。

This unique wealth distribution pattern along with more institutional involvement points to a different course for the present bull market than past cycles.

這種獨特的財富分配模式以及與過去的周期相比，目前的牛市的機構投入更大。

Compared to past highs, the lesser amount of wealth under control by new investors could suggest a maturing market with better foundations and maybe more sustainable development patterns.

與過去的高點相比，新投資者所控制的財富量較低，可以表明一個成熟的市場具有更好的基礎，甚至更可持續的發展模式。

The proportion between new and experienced investors will be crucial in deciding the next major movement of the market as Bitcoin keeps crossing unexplored territories.

新投資者和經驗豐富的投資者之間的比例對於決定市場的下一個重大運動至關重要，因為比特幣繼續越過未開發的領土。

Featured image from Pexels, chart from TradingView

來自Pexels的特色圖像，TradingView的圖表