比特币（BTC）最近的波动率使许多焦虑症留下了焦虑，考虑到倒退是否会加深还是恢复恢复。

市场分析公司的见解表明，当前的链链指标可以就比特币的短期轨迹提供宝贵的指导。

Bitcoin’s (BTC) recent volatility has left many in the cryptocurrency space anxious, pondering whether the downturn will deepen or if a recovery is on the horizon. Insights from market analytics firm Santiment suggest that current on-chain metrics could provide valuable guidance regarding Bitcoin’s short-term trajectory.

比特币（BTC）最近的波动性使许多人在加密货币空间中焦虑不安，思考下滑是否会加深还是恢复到地平线。市场分析公司的见解表明，当前的链链指标可以就比特币的短期轨迹提供宝贵的指导。

Since hitting an all-time high (ATH) of $109,000 just ahead of U.S. President Donald Trump’s inauguration in January, Bitcoin has faced a seven-week slump. Santiment attributes this downturn to the prevailing macroeconomic environment and global uncertainties.

自从一月份在美国总统唐纳德·特朗普就职典礼之前达到历史最高的109,000美元（ATH）以来，比特币一直面临7周的低迷。 santiment将这种低迷归因于主要的宏观经济环境和全球不确定性。

As the market braces for a potential stabilization, a shift in thinking is palpable. While fear, uncertainty, and doubt (FUD) are simmering, there are signs of potential recovery as large-scale Bitcoin accumulations by whales increase.

作为潜在稳定的市场括起来，思维的转变是显而易见的。虽然恐惧，不确定性和怀疑（FUD）在杂乱无章，但由于鲸鱼的大规模比特币积累，有可能恢复的迹象。

In the lead-up to the presidential inauguration, the market was characterized by initial large-scale accumulation from savvy investors, often referred to as whales and sharks, which drove up Bitcoin’s price to new highs. This enthusiasm began to wane as whale activity peaked and subsequently slowed down by mid-February, giving way to a more bearish sentiment as these large holders started to take profits. The sell-off intensified as Bitcoin’s price continued to correct downward, even following renewed accumulation observed on March 3.

在总统就职典礼的领导下，市场的特点是精明的投资者最初的大规模积累，通常称为鲸鱼和鲨鱼，这将比特币的价格提高到了新的高点。随着鲸鱼活动达到顶峰，随后到2月中旬，这种热情开始消失，随着这些大型持有人开始利润，您的情绪更加看跌。随着比特币的价格继续向下纠正，即使在3月3日观察到的重新积累之后，抛售也加剧了。

Despite this ongoing accumulation, a significant amount of BTC has been moved to exchanges—a total of 22,702 BTC (which is approximately 0.11% of the total Bitcoin supply) shifted from wallets to exchanges between February 20 and March 8. This influx to exchanges typically signals a readiness to sell, heightening concerns among investors about potential downward pressure on prices.

尽管存在这种持续的积累，但大量的BTC已转移到交流中，总共22,702 BTC（约占比特币总供应总额的0.11％）从钱包转移到2月20日至2月20日之间的交流。在2月20日至3月8日之间，这种交流向交易所的涌入往往，通常会在销售方面发售，并在销售中提高了对潜在的倾向压力的提高，价格越来越多。

While these movements are crucial, they should not overshadow the bigger trends suggested by whale activities, and short-term market participants may be better served by monitoring sentiment expressed on social media regarding FOMO (fear of missing out) and FUD.

尽管这些运动至关重要，但它们不应掩盖鲸鱼活动所暗示的更大趋势，而短期市场参与者可以通过监视社交媒体上对FOMO（担心错过）和FUD的观点来更好地服务。

From an analytical perspective, current social media trends indicate that predictions for Bitcoin’s price target between $50,000 and $69,000 are more prevalent than those suggesting a rise to $100,000 or above.

从分析的角度来看，当前的社交媒体趋势表明，比特币目标目标在50,000美元至69,000美元之间的预测比建议上涨至100,000美元或更高的人更普遍。

This inversion is often indicative of a market reversal, as cryptocurrencies frequently trend in opposition to the prevailing market sentiment.

这种反转通常表明市场逆转，因为加密货币经常反对现行市场情绪。

Another valuable metric to consider is the performance of traders over different timeframes. Those engaged in Bitcoin trading over the last 30 days have seen average losses of 11%, while those who held for a longer term (365 days) are down 5%.

要考虑的另一个有价值的指标是交易者在不同的时间表上的表现。过去30天从事比特币交易的人的平均损失为11％，而持有长期（365天）的人则下降了5％。

These statistics might suggest that the market has not yet hit rock-bottom historically, although caution remains warranted.

这些统计数据可能表明，尽管谨慎仍然有必要，但市场尚未在历史上击中岩石。

As Santiment wisely points out, “Don’t be surprised if there is a bit more pain in store first, though. It’s always darkest before the dawn.”

正如Santiment明智地指出的那样：“不过，如果首先有更多的痛苦，请不要感到惊讶。黎明之前总是最黑暗的。”

This quote encapsulates the cautionary approach currently prevailing in the market as investors brace themselves for possible more turbulence before any hope of recovery takes hold.

这句话封装了目前在市场上盛行的警告方式，因为投资者会在任何恢复希望持续之前提高可能的动荡。

In conclusion, while bearish sentiment might dominate the discourse around Bitcoin’s immediate future, indicators from whale behavior and shifts in social media sentiment could herald a different outcome than what the majority anticipates. The volatility of the cryptocurrency market continues to challenge investors, with both risk and opportunity distinctly on the table.

总而言之，尽管看跌的情绪可能主导着围绕比特币的未来讨论的话语，但社交媒体情绪中鲸鱼行为和转变的指标可能与多数人所期望的不同。加密货币市场的波动继续挑战投资者，风险和机会都明显地列为桌面。