尽管有波动性，但比特币（BTC）网络的采用仍在继续，除了一个投资者集团看到下降

链上的数据显示，比特币网络在波动率中继续看到采用，除了一个正在下降的投资者集团。

On-chain data is showing that Bitcoin has continued to see some adoption despite the price volatility, except for one investor group that’s seen a decline.

链上的数据表明，尽管价格波动，但比特币仍继续采用，除了一个投资者集团下降了。

According to crypto on-chain analytics firm Santiment, in a recent post on X, the indicator to look at here is the ‘Supply Distribution.’ This metric tells us about the number of addresses that belong to a specific coin group.

根据加密货链分析公司的关注，在X上的最新文章中，这里要查看的指标是“供应分布”。该指标告诉我们属于特定硬币组的地址数量。

The investors or addresses are divided into these cohorts based on the balance that they are currently carrying. The 1 to 10 coins cohort, for instance, includes all wallets with at least 1 and at most 10 tokens of the cryptocurrency.

投资者或地址根据他们当前携带的余额分为这些人群。例如，1至10个硬币队列包括所有至少1个和十个代币的钱包。

In the context of the current topic, three broad coin ranges are of interest: 0 to 0.1 coins, 0.1 to 100 coins, and 100+ coins. The first two of these cover the small investor groups like shrimps, crabs, and dolphins, while the third range represents the large holders of the market, called the sharks and whales.

在当前主题的背景下，三个广泛的硬币范围很感兴趣：0至0.1硬币，0.1至100个硬币和100+硬币。其中的前两个涵盖了虾，螃蟹和海豚等小型投资者团体，而第三范围代表了市场的大型持有人，称为鲨鱼和鲸鱼。

Now, here is the chart shared by the analytics firm that shows the trend in the Bitcoin Supply Distribution for all three of these over the last few months:

现在，这是分析公司共享的图表，该图显示了过去几个月中所有三个的比特币供应分布的趋势：

As displayed in the above graph, both the 0 to 0.1 coins and 0.1 to 100 coins groups have seen their Supply Distribution rise recently, which means more addresses of these sizes have popped up on the network.

如上图所示，最近的0至0.1硬币和0.1至100个硬币组最近都看到了它们的供应分布的上升，这意味着这些尺寸的更多地址已经在网络上弹出。

Over the past month, the former cohort has registered an increase of 37,390 and the latter 12,754. Though, while the two have indeed observed a notable rise, this growth didn’t come in a straightforward manner, especially for the 0 to 0.1 coins group.

在过去的一个月中，这位前队列的增长率为37,390，后者增加了12,754。但是，尽管两者确实观察到了显着的上升，但这种增长并不是直接的，尤其是对于0到0.1硬币组。

From the chart, it’s apparent that the initial crash in the cryptocurrency’s price caused an uptick in the address counts of these groups, but as the asset’s volatility continued, some of these investors fled the market.

从图表来看，很明显，加密货币价格的最初崩溃导致了这些群体的地址数量的上升，但是随着资产的波动性的继续，这些投资者中的一些逃离了市场。

Nonetheless, the fact that some net adoption has still occurred through this period of volatility could be a positive sign for Bitcoin. Something that may be bullish, however, is the trend in the metric for the sharks and whales.

尽管如此，在这段波动性时期仍在进行一些净收入的事实可能是比特币的积极信号。然而，可能看涨的东西是鲨鱼和鲸鱼的度量标准的趋势。

Compared to one month ago, wallets falling in the 100+ coins range have seen their count lower by 6. This isn’t a major decline, of course, but generally, the influence of any investor in the market goes up the more coins that they hold, so these investors with their massive holdings would occupy a particularly key place.

与一个月前相比，落入100多个硬币范围的钱包的数量下降了6个。当然，这并不是一个重大下降的钱，但是总的来说，任何投资者在市场上的影响都会增加他们所拥有的硬币，因此这些拥有大量持股的投资者将占据特别关键的地方。

As such, the decline in the number of shark and whale addresses may be more important than the adoption that has occurred for small entities. “Look for the 100+ BTC wallets to begin growing in number as a sign that a crypto-wide breakout is back on the horizon,” says Santiment.

因此，鲨鱼和鲸鱼地址数量的减少可能比小实体的采用更重要。 Santiment说：“寻找100多个BTC钱包开始生长的数量，以表明整个加密货币的突破重新登上了地平线。”

BTC Price

BTC价格

Bitcoin has gradually been making a recovery from the price plunge over the last few days as its price has now surged back above $90,000.

在过去的几天里，比特币逐渐从价格下跌中恢复，因为其价格现在已经飙升至90,000美元以上。