比特币鲸正在回来购买蘸酱，以$ 10万美元的价格上班

加密数据显示，大型比特币（BTC）持有人（通常称为鲸鱼）在1月初的停滞期和获利的一大货物中，回到购买更多资产。

Large bitcoin (BTC) holders, known as whales, have resumed accumulating the asset, according to data from CryptoQuant, following a lull in early January and a period of profit-taking.

根据CryptoQuant的数据，大型比特币（BTC）持有人（称为鲸鱼）恢复了积累资产，并在1月初停滞不前和获利时期。

The monthly percentage growth in the bitcoin holdings of large investors has accelerated from -0.25% on January 14 to +2% on January 17, marking the highest monthly rate since mid-December.

大型投资者比特币持有的每月百分比增长率从1月14日的-0.25％加速到1月17日的 +2％，标志着自12月中旬以来的最高月价。

This growth coincides with Donald Trump becoming U.S. president, with traders anticipating him to introduce policies favorable to crypto and to establish a strategic bitcoin reserve, both of which could channel institutional capital into the asset in the near term.

这一增长与唐纳德·特朗普（Donald Trump）成为美国总统相吻合，交易者预计他将引入有利于加密货币的政策并建立战略性的比特币储备，这两者都可以在短期内将机构资本引入资产。

Large bitcoin holders are a key determinant of BTC's demand and price. Notably, recent large buyers include Bitcoin development company MicroStrategy and energy management systems firm KULR.

大型比特币持有人是BTC需求和价格的关键决定因素。值得注意的是，最近的大型买家包括比特币开发公司MicroStrategy和能源管理系统公司Kulr。

Hence, selling pressure on bitcoin has eased significantly after the asset generated daily realized profits of up to $10 billion as it approached $100,000 in December. Long-term bitcoin holders, known as "smart money," have sold over 1 million BTC since September, and the trend appears to be nearing an end, as highlighted by a CoinDesk analysis on Wednesday.

因此，在资产产生的每日实现的利润最高100亿美元之后，由于它在12月接近100,000美元，因此对比特币的销售压力大大减轻了。自9月以来，长期的比特币持有人（称为“智能货币”）已售出了100万个BTC，这种趋势似乎即将结束，正如周三的Coindesk分析所强调的那样。

Moreover, the unrealized profit margins for traders are now close to zero. In crypto terms, this often serves as a price floor during a bull market, suggesting we might be at a stable point before the next move.

此外，交易者的未实现利润率现在接近零。用加密货币来说，这通常在牛市期间用作价格地面，这表明我们可能在下一步之前处于稳定的位置。

However, retail spot demand for bitcoin seems to be waning, according to CryptoQuant.

但是，据CryptoQuant称，对比特币的零售点需求似乎正在减弱。

“Bitcoin’s apparent demand has remained in expansion territory (green area in the chart to the left). But the rate of expansion has slowed from 279K Bitcoin in early December 2024 to 75K Bitcoin today,” the firm stated in its Friday report.

“比特币的明显需求仍然存在于扩展区域（左图中的绿色区域）。但是，扩张速度从2024年12月上旬的27.9万比特币放缓至今天的75k比特币。”该公司在周五的报告中说。

Apparent demand is an on-chain metric used to gauge the balance between Bitcoin's production (newly minted coins through mining) and changes in its inventory (coins that have been inactive for over a year).

明显的需求是用于评估比特币生产（通过采矿新铸造的硬币）与库存变化（一年多活性的硬币）之间平衡的链衡量标准。

“Demand growth must accelerate again for prices to rally significantly,” it added.

它补充说：“需求增长必须再次加速价格，以使价格大幅度集会。”