市场波动表明比特币鲸鱼的潜在实力

在比特币价格停滞的情况下，链上数据显示鲸鱼大量积累，表明尽管市场疲软，但需求强劲。由于比特币仍处于狭窄区间，数据显示这些大型加密货币持有者购买了超过 510 万枚比特币，价值约 3310 亿美元。这种积累趋势反驳了怀疑，并表明对旗舰加密货币的持续需求，表明一旦突破该区间，就会出现潜在的上行势头。

Bitcoin Whales Accumulate Amidst Market Wobbles, Signaling Underlying Strength

比特币鲸鱼在市场波动中积累，预示着潜在的实力

As Bitcoin prices navigate a turbulent market landscape, oscillating within a narrow range, a closer examination of on-chain data reveals a stark contrast to the superficial price action. According to an analysis shared on X, whales—large crypto investors holding substantial Bitcoin reserves—have been actively accumulating the world's leading cryptocurrency by market capitalization.

随着比特币价格在动荡的市场环境中小幅波动，对链上数据的仔细检查显示出与表面价格走势形成鲜明对比。根据 X 上分享的一项分析，鲸鱼——持有大量比特币储备的大型加密货币投资者——一直在积极积累按市值计算的世界领先的加密货币。

At the time of the analysis, Bitcoin whales collectively held over 5.1 million BTC, amassing a staggering $331 billion in value. This persistent demand amidst the coin's sideways movement challenges recent market pessimism and skepticism that anticipates further price declines.

截至分析时，比特币鲸鱼总共持有超过 510 万枚 BTC，总价值高达 3310 亿美元。硬币横盘运动中的持续需求挑战了近期市场的悲观情绪和预计价格进一步下跌的怀疑情绪。

Rangebound Bitcoin: A Precursor to Breakout or Breakdown?

区间波动的比特币：突破还是崩溃的前兆？

Bitcoin currently finds itself trapped within a range defined by caps at $73,800 and $60,000. Despite overall market optimism, the coin has struggled to break above the $70,000 resistance level, even after the highly anticipated Halving event on April 20. While prices remain firm, the lack of follow-through after April 21 and 22 suggests underlying weakness.

比特币目前发现自己陷入了上限为 73,800 美元和 60,000 美元的区间内。尽管市场总体乐观，但即使在 4 月 20 日备受期待的减半事件之后，该代币仍难以突破 70,000 美元的阻力位。虽然价格保持坚挺，但 4 月 21 日和 22 日之后缺乏后续行动表明潜在的疲软。

A breakout above the middle Bollinger Band (BB) on the BTCUSDT price chart could signal an explosive upward movement. Should such a leg up coincide with positive fundamental developments, momentum could propel the coin to new all-time highs.

BTCUSDT 价格图表上突破布林带中线 (BB) 可能预示着爆炸性上涨。如果这样的上涨与积极的基本面发展同时发生，势头可能会推动代币创下新的历史高点。

Conversely, a resurgence of selling pressure could send Bitcoin tumbling lower. The sharp rejection of bulls on April 24 serves as a bearish indication. This could trigger a wave of lower lows, potentially taking the coin below April 2023 lows.

相反，抛售压力的复苏可能会导致比特币暴跌。 4 月 24 日多头的强烈拒绝是一个看跌迹象。这可能会引发一波更低的低点，有可能使代币跌破 2023 年 4 月的低点。

Parallel Market Data Reveals Panic Selling, Outflows from Spot ETFs

平行市场数据显示恐慌性抛售，现货 ETF 资金流出

Parallel market data paints a picture of panic selling on Binance and OKX, two major crypto exchanges by trading volumes. Over the past two weeks, these exchanges have witnessed the dumping of a combined 5,137 BTC at a loss. This selling has coincided with a gradual decline in prices, with bulls unable to counter the downward pressure, particularly after two consecutive losses on April 12 and 13.

平行市场数据描绘了币安和 OKX 这两家主要加密货币交易所（按交易量计算）出现恐慌性抛售的情况。过去两周，这些交易所共损失抛售了 5,137 枚 BTC。这次抛售恰逢价格逐渐下跌，多头无法应对下行压力，特别是在 4 月 12 日和 13 日连续两次下跌之后。

Meanwhile, there have been significant outflows from ARKB, a popular spot Bitcoin exchange-traded fund (ETF). Data shows that ARKB sold 490 BTC, worth $31 million, on April 25. This represents the third-largest single-day outflow in its history.

与此同时，ARKB（一种流行的现货比特币交易所交易基金（ETF））出现了大量资金流出。数据显示，ARKB 在 4 月 25 日卖出了 490 BTC，价值 3100 万美元。这是其历史上第三大单日流出量。

The recent price pressures on BTC align with a marked drop in spot ETF inflows during the second half of April. On April 25, Lookonchain data revealed that GBTC and all nine spot ETF issuers collectively decreased their holdings by over 2,100 BTC, worth approximately $135 million.

近期 BTC 的价格压力与 4 月下半月现货 ETF 流入量的显着下降相一致。 4 月 25 日，Lookonchain 数据显示，GBTC 和所有 9 个现货 ETF 发行人总共减持了超过 2,100 BTC，价值约 1.35 亿美元。

Conclusion

结论

While surface-level market indicators may suggest a period of indecisiveness for Bitcoin, a deeper dive into on-chain data reveals a tale of underlying strength. The active accumulation by Bitcoin whales signals a belief in the long-term potential of the cryptocurrency, even amidst short-term price fluctuations. However, investors should remain vigilant to the potential for further price volatility and should conduct their own thorough research before making any investment decisions.

虽然表面的市场指标可能表明比特币在一段时期内犹豫不决，但更深入地研究链上数据揭示了潜在实力的故事。比特币鲸鱼的积极积累表明，即使在短期价格波动的情况下，人们也相信这种加密货币的长期潜力。然而，投资者应对价格进一步波动的可能性保持警惕，并在做出任何投资决定之前进行彻底的研究。