比特币（BTC）交换鲸的比率正在平静下来，这可能是BTC的价格看涨的标志。

链上的数据显示，Binance的比特币交换鲸率最近已经下降，这可能是BTC的价格看涨的标志。

On-chain data is showing that the Bitcoin (BTC) Exchange Whale Ratio for Binance has been going down recently, a sign that may be bullish for the asset’s price.

链上的数据表明，二手股的比特币（BTC）交换鲸比最近已经下降了，这可能是对资产价格的看涨标志。

Bitcoin Whale Selling Pressure Is Calming Down

比特币鲸的销售压力正在平静下来

As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin whale selling pressure may be decreasing on the cryptocurrency exchange Binance. The indicator of relevance here is the “Exchange Whale Ratio,” which measures the ratio between the top 10 inflows and total inflow for a given centralized exchange.

正如分析师在一个加密快速帖子中所解释的那样，加密货币交易所二进制的比特币鲸鱼销售压力可能正在降低。相关性的指标是“交换鲸比”，它测量了给定的集中式交易的前10名流入与总流入之间的比率。

The ten largest transfers to any platform can be assumed to be coming from the whale entities, so this metric’s value basically tells us about how the deposit activity of the large traders compares against the entire market.

可以假定向任何平台的十大转移来自鲸鱼实体，因此该指标的价值基本上告诉我们大型交易者的存款活动如何与整个市场进行比较。

When the value of the Exchange Whale Ratio is high, it means the whales are making up for a significant part of the inflows going to the exchange. As one of the main reasons why investors deposit to these platforms is for selling-related purposes, this kind of trend can imply these humongous investors are interested in distribution.

当交换鲸比的价值很高时，这意味着鲸鱼正在弥补流入交换的重要部分。作为投资者存入这些平台的主要原因之一是出于销售相关的目的，这种趋势可能意味着这些巨大的投资者对分销感兴趣。

On the other hand, the indicator being low implies the whales are making up for a relatively healthy portion of the total exchange inflow, which, depending on other factors, can prove to be bullish for the asset’s price.

另一方面，低的指标意味着鲸鱼正在弥补总交换流入中相对健康的部分，根据其他因素，这可能是对资产价格的看涨。

Now, here is the chart shared by the quant that shows the trend in the Bitcoin Exchange Whale Ratio for Binance over the last couple of years:

现在，以下是量化的图表，该图表显示了过去几年比特币交换鲸鱼比率的趋势：

This chart shows the value of the Exchange Whale Ratio for Binance over the last two years. The indicator is highlighted in gray, while the price of Bitcoin is displayed in blue.

该图表显示了过去两年中交换鲸比的价值。指示器以灰色突出显示，而比特币的价格则以蓝色显示。

The analyst shared that the Bitcoin Exchange Whale Ratio went down noticeably last year, and this trend eventually helped the cryptocurrency break out of its consolidation phase, which had been going on for nearly two years.

分析师分析师分析师去年明显下降了比特币交换鲸的比率，这一趋势最终帮助加密货币摆脱了其合并阶段，该阶段已经持续了近两年。

After the cryptocurrency broke out of the $40,000 to $70,000 range last year, it continued to rally to new highs of around $71,000. However, later on, the cryptocurrency faced strong bearish pressure, and it dropped back down to the $39,000 level.

在去年的40,000美元至70,000美元的范围内，加密货币损失了，它继续升至71,000美元左右的新高点。但是，后来，加密货币面临着强烈的看跌压力，下降到了39,000美元的水平。

This bear market move had been quite persistent, and though the cryptocurrency recovered somewhat from the lows, it couldn’t manage to break out of the $40,000 resistance.

这种熊市市场的转变非常持久，尽管加密货币从低点中恢复了一些，但它无法设法摆脱40,000美元的阻力。

But recently, the cryptocurrency has finally begun to show signs of breaking out of the bearish trends that have been plaguing it throughout this year.

但是最近，加密货币终于开始表现出脱离今年困扰的看跌趋势的迹象。

The analyst shared that the Bitcoin Exchange Whale Ratio has been following an overall downward trajectory recently, which suggests the whales are slowing down their crypto inflow activity.

该分析师分析师分析师最近遵循了比特币交换鲸的比率，最近遵循了整体向下轨迹，这表明鲸鱼正在减慢其加密流入活动的速度。

Last year, a similar trend was also observed, as the analyst has noted in the chart. It would appear that the whales pulling back on their selling activity on the platform allowed the cryptocurrency to escape its consolidation phase back then.

分析师在图表中指出的那样，去年也观察到了类似的趋势。看来，鲸鱼在平台上撤回其销售活动，使加密货币可以回避当时的合并阶段。

The Exchange Whale Ratio for the exchange could now be to keep an eye on, as a continuation to its decline may help the cryptocurrency shake off its bearish winds this time as well.

现在，交换鲸的比率可能是关注，因为继续下降可能有助于加密货币这次摇摆不见。

In some other news, activity related to the stablecoins has noted a uptick recently, as another analyst has pointed in a Quicktake post.

在其他一些新闻中，与Stablecoins有关的活动最近注意到了一个上升，正如另一位分析师在QuickTake帖子中指出的那样。

Both the Active Addresses and Tokens Transferred metrics have seen an increase for all ERC-20 stablecoins recently. Investors often use these tokens for buying into volatile cryptocurrencies like Bitcoin, so an increase in transaction activity related to them can be a bullish sign for the prices of BTC and others.

最近，所有ERC-20 Stablecoins都在转移的主动地址和代币都增加了。投资者经常使用这些代币来购买比特币这样的挥发加密货币，因此与它们相关的交易活动的增加可能是BTC和其他人价格的看涨信号。