随着价格推动抵抗，比特币（BTC）鲸鱼正在从长位置撤退

鉴于更广泛的加密景观中的看涨度增加，比特币正经历着更新的势头，将旗舰数字资产推向关键阻力水平。

In the dynamic realm of cryptocurrency, where trends ebb and flow, a keen observation of investor behavior can provide valuable insights into the market's direction. As the broader crypto landscape experiences renewed bullishness, pushing flagship digital asset Bitcoin (BTC) to key resistance levels, interest in the sector has surged.

在加密货币的动态领域，在趋势潮流和流动的情况下，对投资者行为的敏锐观察可以为市场的方向提供宝贵的见解。随着更广泛的加密景观经历了新的看涨，将旗舰数字资产比特币（BTC）推向关键阻力水平，对该行业的兴趣激增。

BTC’s recent upward performance has reignited optimism and interest in the sector. However, this bullish sentiment seems to be fading among large BTC investors, commonly known as whales.

BTC最近的向上绩效激发了对该行业的乐观和兴趣。但是，这种看涨的情绪似乎正在大型BTC投资者（通常称为鲸鱼）中消失。

BTC Whales Pulling Back On Long Positions

BTC鲸在长位置上拉回

Bitcoin’s renewed price growth is receiving controversial reactions from investors and traders. An insightful analysis shared by FundingVest, an on-chain expert and verified author on the X (formerly Twitter) platform, has revealed a bearish sentiment among Bitcoin whale investors.

比特币的新价格增长正在收到投资者和商人的有争议的反应。 X（以前是Twitter）平台上的链链专家和经过验证的作者FandingVest共享的有见地的分析揭示了比特币鲸投资者的看跌情感。

In the X post, the expert highlighted that whale-long positions have been decreasing even as BTC’s price witnessed a surge to the $86,000 threshold. This unexpected turn of events among whale traders suggests a potential shift in conviction or a strategic retreat due to the current market bearish pressure that has increased the volatility of digital assets.

在X帖子中，专家强调，即使BTC的价格见证了86,000美元的门槛，鲸鱼长的职位仍在下降。鲸鱼交易者之间的这种意外事件表明，由于当前的看跌压力增加了数字资产的波动性，定罪或战略撤退的潜在转变。

Furthermore, the change in behavior might be a signal that institutional confidence in BTC is fading, raising concerns about its recent uptrend. According to the expert, the development implies that big investors might be getting ready to go short or close off their long bets.

此外，行为的变化可能表明机构对BTC的信心正在逐渐消失，从而引起了人们对其最近上升趋势的担忧。据专家说，该发展意味着大型投资者可能已经准备好短期或关闭他们的长期赌注。

Even though the whales are banking on a pullback, retail investors, often regarded as small traders, seem to be increasing their long exposure. FundingVest spotted the shift in investor behavior after investigating the Bitcoin Whale vs Retail Ratio, a crucial metric for determining BTC’s trading activity.

即使鲸鱼正在回落，但散户投资者（通常被视为小型商人）似乎正在增加他们的长期曝光率。资金vest在调查了比特币鲸与零售比之后发现了投资者行为的转变，这是确定BTC的交易活动的关键指标。

The key metric shows a surge in retail activity as these traders are becoming more active while whales are stepping back. However, when looking at the 3-day heatmap chart, an increase in long positions and accumulation in both directions can be observed.

关键指标显示零售活动的激增，因为这些贸易商正在越来越活跃，而鲸鱼正在逐渐退缩。但是，在查看为期3天的热图图表时，可以观察到长位置和在两个方向上的积累的增加。

Such a development sets the stage for potential volatility and strengthens the case for a contrarian strategy. Meanwhile, it is more likely that the market will increase when long positions have been completely flushed out. FundingVest has drawn attention toward some short positions that were closed last week, which he believes should be taken into account during the period.

这种发展为潜在的波动奠定了基础，并加强了逆势战略的案例。同时，如果长期以来的头寸完全冲洗掉，市场可能会增加市场。 FundingVest引起了上周关闭的一些短职位的关注，他认为应该在此期间考虑到这一点。

Demand For Bitcoin Gaining Traction

对比特币获得吸引力的需求

BTC’s recent upswing has sparked interest in the flagship asset as apparent demand grows slowly. Kripto Mevsimi reported in a quick-take post on the CryptoQuant platform that Bitcoin Apparent Demand has begun to recover from deep negative territory in the 30-day time frame, suggesting a possible shift in market behavior. Although this is bullish, the on-chain expert believes it is too soon to consider the development as the start of a new bullish trend, highlighting a similar scenario in 2021.

随着明显的需求缓慢增长，BTC最近的上涨引发了人们对旗舰资产的兴趣。 Kripto Mevsimi在加密平台上的快速接触帖子中报道说，比特币明显的需求已经开始在30天的时间范围内从深层负地区恢复过来，这表明市场行为可能会发生变化。尽管这是看好的，但链上专家认为，将这一发展视为新看涨趋势的开始还为时过早，突出了2021年的类似情况。

Despite a brief stabilization or rebound in price, demand stayed negative or close to zero for months in 2021. Meanwhile, it was not until after prolonged consolidation that a meaningful structural recovery emerged. The current rebound may be significant, but it is more likely a pause in pressure than a clear indication of accumulation or a macro bottom.

尽管价格短暂稳定或反弹，但需求在2021年数月保持负面或接近零。与此同时，直到延长合并后，才出现了有意义的结构恢复。当前的反弹可能是显着的，但是压力的暂停可能比明显的积累或宏底部的迹象更有可能。