比特币（BTC）鲸鱼又回到了市场，6月可以标志着壮观的上升

比特币市场中熟悉的模式的回归很有趣。与2020年一样，鲸鱼（那些拥有1,000至10,000 BTC之间的实体）开始大量积累

The return of familiar patterns in the Bitcoin market is intriguing. Like in 2020, the whales – those entities holding between 1,000 and 10,000 BTC – are starting to accumulate massively again, despite the surrounding volatility. If history repeats itself, June could well mark the beginning of a spectacular rise… ATH in the process of being downloaded?

比特币市场中熟悉的模式的回归很有趣。像2020年一样，尽管周围的波动性发生了，但鲸鱼（那些拥有1,000至10,000 BTC的实体都开始大量积累。如果历史重演，六月很可能会在下载过程中标志着壮观的崛起……ATH？

2020 vs 2025: Bitcoin whales replicate their winning strategy

2020 vs 2025：比特币鲸复制他们的获胜策略

In March 2020, while the market was collapsing due to the pandemic shock, the whales took advantage of the panic to strengthen their positions. A few months later, the price of Bitcoin embarked on one of the most powerful rallies in its history. Five years later, the scenario seems to be repeating. After a brutal correction to $81,222 and a dominance that collapsed to 58.8%, the same wallets are reinforcing their holdings, indicating a discreet yet methodical accumulation strategy.

2020年3月，由于大流行冲击，市场崩溃了，鲸鱼利用了恐慌来加强其立场。几个月后，比特币的价格开始了其历史上最强大的集会之一。五年后，这种情况似乎正在重复。在残酷的校正至81,222美元，占主导地位倒塌至58.8％之后，同一钱包正在加强其持有量，表明谨慎而有条不紊的积累策略。

According to CryptoQuant, this behavior is typical of the early phases of a bullish cycle. These so-called “market-leading” wallets act as catalysts. Their resilience contrasts with the visible nervousness among retail investors. This psychological gap between large and small market players has historically preceded strong bullish movements.

根据加密素养的说法，这种行为是看涨周期早期阶段的典型代表。这些所谓的“市场领先”钱包充当催化剂。他们的韧性与散户投资者之间的神经紧张形成鲜明对比。大型和小型市场参与者之间的心理鸿沟历史上是在强烈的看涨运动之前。

From a technical standpoint, the threshold of $84,000 stands out as a major pivot. A sustained break of this level could propel Bitcoin towards $88,000. However, the macroeconomic environment remains uncertain. Between speeches from Jerome Powell, employment announcements, and tariff tensions, the slightest exogenous signal could slow down – or catalyze – this momentum.

从技术角度来看，84,000美元的门槛是一个主要的枢纽。该水平的持续中断可能会使比特币转移到88,000美元。但是，宏观经济环境仍然不确定。在杰罗姆·鲍威尔（Jerome Powell）的演讲，就业公告和关税紧张局势之间，最小的外源信号可能会减慢或催化这种势头。

BTC: a cycle that rhymes with ascent?

BTC：押韵上升的循环？

The parallel with 2020 does not stop at behavioral analysis. It fits into a cycle logic, where each phase of consolidation precedes an expansion. The whales seem to know this. They are not looking to beat the market, but to anticipate it. Five years ago, Bitcoin reached its ATH (all-time high) in 2020, surpassing $20,000 on December 16th, initiating a rise that would peak at nearly $64,000 in April 2021.

与2020年相似的行为分析不会停止。它适合一个循环逻辑，其中巩固的每个阶段都在扩展之前。鲸鱼似乎知道这一点。他们不希望击败市场，而是要预测市场。五年前，比特币在2020年达到其ATH（历史最高水平），在12月16日超过20,000美元，在2021年4月的上升幅度将达到近64,000美元。

If we apply a similar cyclical logic, crossing a new ATH in 2025 could happen as early as June, with a gradual ramp-up until autumn. The signals of whale accumulation and the current institutional pressure suggest a bullish scenario that could catapult Bitcoin well beyond $150,000.

如果我们采用类似的周期性逻辑，那么2025年越过新的ATH可能早在6月就会发生，直到秋天逐渐增加。鲸鱼积累和当前机构压力的信号表明，看涨的情况可能会超过150,000美元。

The movements of the whales remind us that Bitcoin cycles often obey a repetitive logic. Their strategic accumulation sends a strong signal: the market could be on the brink of a new bullish phase. For investors, ignoring these signals would be akin to turning their backs on history. In the meantime, BTC is on a tightrope this week and could well drop to $72,000.

鲸鱼的动作提醒我们，比特币循环经常遵守重复的逻辑。他们的战略积累发出了强烈的信号：市场可能处于新看涨阶段的边缘。对于投资者而言，忽略这些信号将类似于转向历史。同时，BTC本周处于绳索状态，很可能会降至72,000美元。

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