比特币大鲸最近正在减少供应

市场情报平台Intotheblock揭示了最大的比特币持有人如何在价格下降的情况下施加销售压力。

Bitcoin (BTC) dropped to new seven-week lows of $84,000 on Thursday, continuing the slide that began after the coin hit $94,000 last week. The plummet saw mega-whales, holding more than 10,000 BTC, step in as the primary sellers, while other investor cohorts engaged in buying activity.

比特币（BTC）周四跌至84,000美元的新七周低点，在上周硬币达到94,000美元之后开始了幻灯片。投人物持有超过10,000 BTC的巨型鲸鱼作为主要卖家，而其他投资者同伙则参与购买活动。

According to data from blockchain analytics platform IntoTheBlock, mega-whales reduced their BTC holdings by 25,740 BTC (about $2.3 billion) over the last seven days.

根据区块链分析平台Intotheblock的数据，Mega-Whales在过去七天中将其BTC持有量减少了25,740 BTC（约合23亿美元）。

At the same time, the remaining investor cohorts collectively engaged in buying activity. Specifically, smaller investors and those holding less than 1 BTC displayed net buying activity.

同时，其余的投资者同伙共同从事购买活动。具体来说，较小的投资者和少于1 BTC的人显示净购买活动。

Chart: IntoTheBlock

图表：intotheblock

“Despite the broader market downturn, smaller investors and those holding less than 1 BTC appear to be accumulating at the same time mega-whales are selling,” the analytics platform said in a recent post.

分析平台在最近的一篇帖子中说：“尽管市场低迷，但较小的投资者和持有少于1 BTC的人似乎正在积累巨鲸的销售。”

This observation is interesting because it suggests that smaller investors are viewing the price decline as an opportunity to buy more BTC, while the largest investors are booking some profits amid the downturn.

这一观察结果很有趣，因为它表明较小的投资者将价格下跌视为购买更多BTC的机会，而最大的投资者在低迷的情况下预订了一些利润。

Moreover, mega-whales already began their selloff a few days ago, which might hint that they saw the price plunge coming and prepared for it in advance.

此外，巨型鲸鱼已经在几天前开始抛售了，这可能会暗示他们看到价格下跌了，并提前为此做好了准备。

Another angle from which to view this downturn is through the different exchanges, as different platforms may host a different demographic of investors. Two exchanges that are generally of note in this type of analysis are Coinbase (NASDAQ:COIN) and Binance.

查看这种低迷的另一个角度是通过不同的交流，因为不同的平台可能会拥有不同的投资者人群。在这种类型的分析中通常要注意的两个交换是共同基础（NASDAQ：COIN）和二元。

Coinbase is mainly used by entities in the U.S., especially large institutional traders, while Binance serves global investors. An indicator that can be used for tracking the difference in behavior between the two user bases is the Coinbase Premium Index.

Coinbase主要由美国实体，尤其是大型机构交易者使用，而Binance为全球投资者提供服务。可用于跟踪两个用户群之间行为差异的指标是Coinbase Premium索引。

This metric measures the percentage difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). As CryptoQuant founder and CEO Ki Young Ju pointed out, the Coinbase Premium Index has been negative recently.

该度量标准衡量了Coinbase（美元对）上列出的比特币价格与Binance（USDT对）的百分比差异。正如CryptoQuant创始人兼首席执行官Ki Young Ju所指出的那样，Coinbase Premium指数最近是负面的。

This trend, alongside the fact that Coinbase’s spot volume dominance has shot up recently (left chart), would suggest the American whales have been the main drivers during the crash.

这一趋势与Coinbase的现货数量统治最近（左图）的事实表明，美国鲸鱼是坠机期间的主要驱动因素。

Coinbase’s spot volume dominance has shot up recently (left chart), which may suggest that institutional traders, who prefer to trade in large quantities, are pivoting toward Coinbase.

Coinbase的现货数量统治最近（左图）爆炸了，这可能表明，宁愿大量交易的机构交易员正在向Coinbase旋转。

At the same time, the Coinbase Premium Index has slipped into negative territory (right chart), which may indicate that the American whales are now selling more.

同时，Coinbase Premium指数已滑入负区域（右图），这可能表明美国鲸鱼现在正在销售更多。

Both observations suggest that institutional traders, who largely operate in the U.S. and trade through Coinbase, have been dumping their BTC holdings during this crash.

两种观察结果都表明，在此崩溃期间，机构交易者主要在美国运营并通过Coinbase进行贸易，并通过BTC持有。