比特币鲸鱼以每年平均水平高9倍的速度倾倒BTC，但价格仍然有弹性

自2022年三个箭头资本（3AC）倒塌以来，比特币正遭受最大的销售压力。鲸鱼投资者已以比年平均水平高出9倍的BTC卸载。

Bitcoin (BTC) encountered its highest selling pressure in nearly two years, as per Bitwise Europe’s head of research. Large transactions on spot exchanges indicate that major holders are cashing out.

根据Bitwise Europe的研究负责，比特币（BTC）在近两年内遇到了近两年的销售压力。现场交换的大型交易表明，主要持有人正在兑现。

However, Bitcoin’s ability to stay above key levels despite this pressure hints at strong demand. Dragosch believes the market could be reaching a point where sellers have exhausted their selling capacity.

但是，尽管有压力，比特币能够保持高度的水平超过关键水平。 Dragosch认为，市场可能会达到卖方耗尽其销售能力的地步。

Bitcoin Whales Selling at 9x Yearly Average Rate: Analysis

比特币鲸以每年9倍的平均价格出售：分析

Bitcoin saw its highest selling pressure in nearly two years as large transactions on spot exchanges suggest major holders are cashing out at a rate nine times higher than the yearly average, an analysis shows.

分析显示，比特币在近两年内看到了最高的销售压力，因为现货交易所进行的大型交易表明，主要持有人的兑现费用是年平均水平的九倍。

This selling activity, observed by Bitwise Europe’s head of research André Dragosch, was last seen following the Three Arrows Capital (3AC) collapse in June 2022.

Bitwise Europe研究主管AndréDragosch观察到的这项销售活动最后一次是在2022年6月的三个箭头资本（3AC）倒闭之后。

Dragosch highlighted the stark difference in Bitcoin price behavior despite the heavy selling pressure. According to the analyst, such an occurrence could indicate seller exhaustion.

Dragosch强调了尽管销售压力很大，但比特币价格行为的明显差异。根据分析师的说法，这种情况可能表明卖方疲惫。

“We have just reached the highest amount of selling pressure on Bitcoin spot exchanges since the collapse of 3AC in June 2022,” Dragosch stated in a tweet on March 13.

Dragosch在3月13日的推文中说：“自2022年6月3日倒塌以来，我们刚刚达到了比特币现场交流的最高销售压力。”

“Yet, the price is still close to $100k. Seller exhaustion.”

“但是，价格仍然接近$ 10万美元。卖方疲惫。”

MicroStrategy’s Bitcoin Buying Strategy Continues

MicroStrategy的比特币购买策略继续

While major holders are offloading their Bitcoin holdings, MicroStrategy (NASDAQ:MSTR) continues its aggressive accumulation strategy.

尽管主要持有人正在卸载其比特币持有量，但MicroStrategy（NASDAQ：MSTR）仍在继续其积极的积累策略。

Last week, the company purchased 7,633 BTC for $742 million at an average price of $97,255, as reported by blockchain tracking platform Lookonchain.

上周，该公司以7.42亿美元的价格购买了7,633 BTC，平均价格为97,255美元，这是区块链Tracking Platform Lookonchain报道的。

MicroStrategy now holds 478,740 BTC, valued at approximately $46.55 billion, with an average buying price of $65,033 per BTC.

MicroStrategy现在持有478,740 BTC，价值约465.5亿美元，平均购买价格为每BTC 65,033美元。

Institutions like MicroStrategy remain confident in Bitcoin’s long-term potential, and their continued accumulation suggests that some large investors still see Bitcoin as an attractive asset despite ongoing volatility.

像MicroStrategy这样的机构对比特币的长期潜力仍然充满信心，他们的持续积累表明，尽管有持续的波动，但一些大型投资者仍将比特币视为有吸引力的资产。

Bitcoin Price Averages $97.4K Amid Macro Events

在宏观活动中，比特币价格平均$ 97.4K

QCP Capital noted that various macroeconomic events are influencing the current price movements.

QCP Capital指出，各种宏观经济事件都在影响当前的价格变动。

Last week, DeepSeek’s market activity and U.S. trade policy shifts contributed to turbulence. Former U.S. President Donald Trump’s proposed 25% tariffs on steel and aluminum briefly rattled financial markets.

上周，DeepSeek的市场活动和美国贸易政策的转变导致动荡。美国前总统唐纳德·特朗普（Donald Trump）提议对钢铁和铝的25％关税短暂嘎嘎作响。

Given that Mexico and Canada are key steel suppliers to the U.S., concerns about renewed trade tensions have emerged. Stance on potential sanctions against Japan has further unsettled investors. This follows the White House’s recent decision to block Nippon Steel’s acquisition of U.S. steel.

鉴于墨西哥和加拿大是美国的主要钢铁供应商，因此出现了对新的贸易紧张局势的担忧。对日本潜在制裁的立场进一步尚未解决。这是在白宫最近决定阻止日本钢铁公司收购美国钢铁的决定之后。

Cautious Bitcoin Sentiment Prevails

谨慎的比特币情绪盛行

Bitcoin briefly dropped to $95,000 in response to last week’s uncertainty but quickly rebounded. According to analysts, market sentiment rather than fundamentals drove the price movements.

比特币短暂降至95,000美元，以应对上周的不确定性，但很快反弹。根据分析师的说法，市场情绪而不是基本面推动了价格变动。

Right now, traders favor put options until April, signaling cautious sentiment and a lack of strong bullish catalysts.

目前，交易者偏爱预选选择，直到4月，表明谨慎的情绪和缺乏强烈的看涨催化剂。

As of press time, Bitcoin is priced at $97,449.43, reflecting a 1.05% increase in the past 24 hours and a 2.77% gain over the past week.

截至发稿时，比特币的价格为97,449.43美元，反映了过去24小时的1.05％，过去一周增长了2.77％。