随着散户投资者逢高抛售，比特币鲸鱼囤积比特币

过去 30 天，“虾米”净卖出了约 70 亿美元的比特币。另一方面，交易所中的比特币数量略低于 300 万，创两年来新低。

Retail investors, or "shrimps" in crypto parlance, have been net sellers of a large amount of bitcoin over the past 30 days, to the tune of about $7 billion, according to on-chain data from Glassnode.

根据 Glassnode 的链上数据，散户投资者（或者加密货币中的“虾”）在过去 30 天内净卖出了大量比特币，价值约为 70 亿美元。

On the other hand, exchange balances show that just under 3 million bitcoin are sitting on exchanges, a two-year low.

另一方面，交易所余额显示，交易所中的比特币数量略低于 300 万，创两年来新低。

OTC desk balances, though, have seen a rise of roughly 100,000 bitcoin.

不过，场外交易柜台余额增加了约 100,000 个比特币。

With bitcoin continuing to post record highs and now nearing the $100,000 level, profit-taking is on the rise — $4 billion of realized profit in each of the last two days, according to Glassnode — but for every seller, there's a buyer, so a closer look at the data might be warranted.

随着比特币继续创下历史新高，目前已接近 10 万美元的水平，获利回吐正在增加——根据 Glassnode 的数据，过去两天每天实现的利润达 40 亿美元——但对于每个卖家来说，都有一个买家，所以仔细研究一下数据可能是有必要的。

Here's a breakdown of the key takeaways from the latest on-chain metrics.

以下是最新链上指标的关键要点的细分。

Retail realized profits hit $7B in 30 days

零售业实现利润在 30 天内达到 7B 美元

So-called "shrimps" or retail investors have sold approximately 75,000 BTC ($7 billion), according to Glassnode. That's the largest distribution from this cohort since bitcoin broke its all-time in March at above $73,000.

据 Glassnode 称，所谓的“虾”或散户投资者已售出约 75,000 BTC（70 亿美元）。这是自 3 月份比特币突破 73,000 美元历史最高纪录以来，该群体的最大分布。

While it's commonly thought that retail investors may represent "dumb money," at least some research suggests otherwise.

虽然人们普遍认为散户投资者可能代表“傻钱”，但至少一些研究表明事实并非如此。

And who is buying retails' bags? Large holders — dubbed "sharks — who hold a bitcoin balance between 100 and 1,000 BTC have accumulated over 140,000 BTC, according to Glassnode.

谁在购买零售包？根据 Glassnode 的数据，持有 100 到 1,000 BTC 的比特币余额的大持有者（被称为“鲨鱼”）已经积累了超过 140,000 BTC。

Divergence occurring between exchange balances and OTC desks

外汇余额和场外交易柜台之间出现差异

The exchange balance action might tell a different story. Over-the-counter desk balances have continued their strong rise over the second half of 2024, suggestive of large investors cashing in on bitcoin's surge. Bitcoin's breach of $90,000 this week led to OTC desk balances rising by another 20,000 tokens, according to CryptoQuant.

外汇平衡行动可能会讲述一个不同的故事。 2024 年下半年，场外交易余额继续强劲增长，这表明大型投资者正在从比特币的飙升中获利。据 CryptoQuant 称，比特币本周突破 90,000 美元，导致场外交易平台余额又增加了 20,000 个代币。

Retail exchange balances, however, have fallen to less than 3 million tokens, according to Glassnode, the lowest level in two years. That would seemingly be evidence of strong buying interest.

然而，根据 Glassnode 的数据，零售交易所余额已降至不到 300 万个代币，为两年来的最低水平。这似乎是强劲购买兴趣的证据。

Bottom line: There appears to be a tug of war in the data, with one set indicating sizable retail profit taking similar to the market top earlier this year and another set showing the opposite. As always, the short-term outlook remains cloudy.

底线：数据中似乎存在一场拉锯战，一组数据表明散户获利了结，与今年早些时候的市场顶部类似，而另一组数据则显示相反的情况。与往常一样，短期前景仍然阴暗。