比特币鲸鱼正在移动，市场正在密切关注

比特币继续努力攻克 10 万美元的心理里程碑，但在从历史高点回撤后未能突破这一关键阻力位。

Bitcoin continues to grapple with the psychological $100,000 milestone, failing to break above this critical resistance after a retrace from all-time highs. This prolonged stagnation has sparked discussions about a potential correction or deeper retrace as the market awaits confirmation of Bitcoin’s next major move. Both analysts and investors are closely monitoring the situation, eager to discern whether the cryptocurrency will rally to new heights or succumb to selling pressure.

比特币继续努力攻克 10 万美元的心理里程碑，但在从历史高点回撤后未能突破这一关键阻力位。随着市场等待比特币下一步重大走势的确认，这种长期停滞引发了有关潜在修正或更深层次回调的讨论。分析师和投资者都在密切关注事态发展，渴望了解加密货币是否会反弹至新的高度或屈服于抛售压力。

Adding fuel to these concerns, renowned analyst Maartunn recently highlighted alarming on-chain activity. Over 8,000 BTC, aged between five and seven years, have moved on-chain, raising questions about long-term holders’ intentions. Historically, such movements have often preceded market shifts, with increased selling pressure signaling potential weakness.

著名分析师 Maartunn 最近强调了令人担忧的链上活动，这加剧了这些担忧。超过 8,000 个 BTC，年龄在五到七年之间，已经转移到链上，这引发了人们对长期持有者意图的质疑。从历史上看，此类走势往往先于市场变化，抛售压力增加预示着潜在的疲软。

The activity from these seasoned wallets could reflect fading confidence or profit-taking, keeping Bitcoin subdued under the $100K threshold. While bulls and bears remain locked in a battle for dominance, this significant metric underscores the growing uncertainty. As Bitcoin’s trajectory hangs in the balance, market participants brace for clarity on whether this pivotal level will eventually transform into solid support—or mark the start of a downward correction.

这些经验丰富的钱包的活动可能反映出信心减弱或获利回吐，从而使比特币保持在 10 万美元以下。尽管多头和空头仍在争夺主导地位，但这一重要指标凸显了日益增长的不确定性。由于比特币的走势悬而未决，市场参与者需要明确这个关键水平是否最终会转变为坚实的支撑，或者标志着向下修正的开始。

Since early December, Bitcoin has entered a prolonged consolidation phase, struggling to establish clear momentum in either direction. Recent on-chain data suggests that whale activity is playing a pivotal role in keeping the price suppressed. According to top analyst Maartunn, a familiar entity—an old Bitcoin whale—has resurfaced, making significant moves that could influence the market’s trajectory.

自 12 月初以来，比特币进入了漫长的盘整阶段，努力在任一方向建立明显的势头。最近的链上数据表明，鲸鱼活动在抑制价格方面发挥着关键作用。根据顶级分析师 Maartunn 的说法，一个熟悉的实体——一只古老的比特币鲸鱼——已经重新出现，并做出了可能影响市场轨迹的重大举措。

Maartunn emphasizes that the movement of more than 8,000 BTC echoes a pattern seen just 10 days ago. At that time, the same whale reportedly shifted more than 72,000 BTC in total since the consolidation phase began. This whale, often referred to as “smart money,” has been active like never before, signaling strategic positioning rather than impulsive selling.

Maartunn 强调，超过 8,000 BTC 的走势与 10 天前的模式相呼应。据报道，自整合阶段开始以来，同一头鲸鱼总共转移了超过 72,000 个 BTC。这只通常被称为“聪明钱”的鲸鱼前所未有地活跃，表明了战略定位而不是冲动抛售。

The implications of this activity are profound. As long as this whale continues to offload BTC, the selling pressure could hold Bitcoin below key psychological levels, extending the current consolidation period for a few more weeks. However, this accumulation and redistribution phase could set the stage for a massive rally once the activity subsides.

这项活动的影响是深远的。只要这只鲸鱼继续抛售比特币，抛售压力就可能使比特币低于关键心理水平，从而将当前的盘整期再延长几周。然而，一旦活动消退，这种积累和重新分配阶段可能会为大规模反弹奠定基础。

Analysts interpret this as a period of preparation by seasoned market participants, suggesting that when the dust settles, Bitcoin might experience a powerful upward breakout.

分析师将其解读为经验丰富的市场参与者的准备期，这表明当尘埃落定后，比特币可能会经历强劲的向上突破。

Bitcoin is currently trading at $95,000 after managing to hold above the critical $92,000 support level. Despite bears maintaining control over the market in recent weeks, they have been unable to break through the key demand zones at $92,000 and $90,000. These levels have acted as a strong base, preventing further downside and signaling resilience among buyers.

比特币在成功守住 92,000 美元的关键支撑位后，目前交易价格为 95,000 美元。尽管空头最近几周保持对市场的控制，但他们未能突破 92,000 美元和 90,000 美元的关键需求区域。这些水平充当了坚实的基础，防止了进一步的下跌，并表明买家的韧性。

If Bitcoin continues to defend these crucial levels, it could pave the way for a swift challenge to its all-time high (ATH). Holding above $92,000 would reinforce bullish sentiment and attract renewed interest from traders and institutional investors eyeing the psychological $100,000 milestone.

如果比特币继续守住这些关键水平，它可能会为迅速挑战其历史高点（ATH）铺平道路。维持在 92,000 美元之上将增强看涨情绪，并吸引交易员和机构投资者重新燃起兴趣，关注 100,000 美元的心理里程碑。

However, the path ahead is far from guaranteed. A failed attempt to reclaim $100,000 could signal exhaustion among buyers, potentially triggering a deeper correction. Such a scenario might see Bitcoin revisiting lower support zones as market participants reassess their strategies.

然而，前进的道路还远未确定。收回 100,000 美元的尝试失败可能表明买家精疲力尽，从而可能引发更深层次的调整。在这种情况下，随着市场参与者重新评估他们的策略，比特币可能会重新回到较低的支撑区域。

The coming weeks will be critical for Bitcoin’s trajectory. Whether it rallies to new heights or faces a significant retrace will depend on its ability to hold key levels and overcome the psychological barriers that have kept it below $100K. Investors are watching closely, anticipating Bitcoin’s next decisive move.

未来几周对于比特币的发展轨迹至关重要。其是否反弹至新高度或面临大幅回调，将取决于其能否守住关键水平并克服使其低于 10 万美元的心理障碍。投资者正在密切关注，期待比特币的下一步决定性举动。