尽管流动性和资本流入减慢，比特币鲸已经向市场投入了130亿美元。

尽管最近的价格纠正了，比特币长期持有人（LTHS）仍然毫不动摇，在资产的未来中表现出强烈的信念。

Despite slowing liquidity and capital inflows, Bitcoin whales have poured a staggering $13 Billion into the market this month, indicating persistent institutional interest in the flagship cryptocurrency.

尽管流动性放缓和资本流入，比特币鲸本月向市场投入了惊人的130亿美元，这表明旗舰加密货币对机构的持续兴趣。

Long-term holders are holding firm, while the Fed’s policy shift has pushed BTC price toward $86,000.

长期持有人持有公司，而美联储的政策转变已将BTC的价格推向了86,000美元。

Bitcoin LTHs Unfazed By Recent Price Correction

比特币Lths对最近的价格校正不满意

Long-term holders (LTHs) remain less inclined to sell despite recent price drops, showcasing strong conviction in Bitcoin’s future.

长期持有人（LTHS）尽管最近的价格下跌，但仍不太愿意出售，这表明了比特币未来的坚定信念。

New research from Glassnode sheds light on this "unique market dynamic," particularly in the wake of Bitcoin's decline to a four-month low of $76,600 on March 11.

GlassNode的新研究阐明了这种“独特的市场动态”，尤其是在比特币下降到3月11日降至76,600美元的四个月低点。

Glassnode's March 18 analysis reveals a decrease in the Binary Spending Indicator, signifying reduced spending from LTHs.

GlassNode的3月18日分析表明，二进制支出指标的减少，表示LTH的支出减少。

Usually, this group's intense selling coincides with market tops; however, the current trend indicates continued accumulation.

通常，该集团的强烈销售与市场顶部一致。但是，当前的趋势表明持续积累。

"This suggests that there is a greater willingness to hold than to spend coins among this cohort," Glassnode stated.

GlassNode说：“这表明持有的意愿比将硬币花在这一队列中的意愿更大。”

The analysis firm noted that LTHs are continuing to hold onto their unrealized profits, which could be seen as an anticipation of further upside.

该分析公司指出，LTHS继续保持其未实现的利润，这可以看作是对进一步上涨的期望。

Whale Accumulation Paces As Fed Tips Rate Cuts

鲸鱼的积累步伐随着提示率的削减

On the other hand, institutional and high-net-worth investors have ramped up Bitcoin accumulation, further reinforcing bullish sentiment.

另一方面，机构和高净值投资者增加了比特币的积累，进一步增强了看涨的情绪。

Data from CryptoQuant reveals that wallets holding at least 1,000 BTC have added over 1 million BTC since November 2024.

来自CryptoQuant的数据表明，自2024年11月以来，持有至少1,000 BTC的钱包增加了100万BTC。

The pace has accelerated, with more than 200,000 BTC acquired this month alone.

速度加速了，仅本月就获得了200,000多个BTC。

According to Cryptoquant analyst Onchained,

根据加密分析师的说法，

"This sustained inflow highlights a shift in market dynamics, suggesting increased institutional or high-net-worth participation."

“这种持续的流入凸显了市场动态的转变，表明机构或高净值参与的增加。”

Meanwhile, Bitcoin ETFs reversed their three-week selling streak, recording $512 million in inflows in three trading days.

同时，比特币ETF扭转了三周的连胜纪录，在三个交易日内记录了5.12亿美元的流入。

On March 20 alone, according to SosoValue, ETFs attracted $209 million in net inflows.

仅在3月20日，据Sosovalue称，ETF吸引了2.09亿美元的净流入。

Whale transactions exceeding $100,000 also surged, with daily volume jumping from $32 Billion to $42.9 Billion ahead of the Federal Reserve's rate decision.

鲸鱼交易还超过100,000美元，每天的数量从320亿美元增加到429亿美元，比美联储的税率决定。

Bitcoin Price Rallies Toward $86K As Fed Keeps Rates Steady

比特币价格集会趋向86K，因为美联储保持稳定

Reacting to the Federal Open Market Committee (FOMC) meeting, where interest rates were kept unchanged, Bitcoin extended its price recovery on March 19, surging toward $86,000.

对联邦公开市场委员会（FOMC）会议的反应，在该会议上保持利率不变，比特币在3月19日延长了其价格回收率，飙升至86,000美元。

The Dow Jones index also responded with a gain of around 400 points.

道琼斯指数还以400分的收益做出回应。

The Fed also confirmed a reduction in its quantitative tightening (QT) policy and signaled two rate cuts in 2025, as anticipated.

美联储还确认了其定量收紧（QT）政策的减少，并在2025年提出了两次降低的速度。

Crypto and equity markets responded positively. Bitcoin price hit an intraday high of $84,263.

加密和股票市场做出了积极的反应。比特币价格达到了84,263美元的盘中高价。

Traders are viewing this shift in the Fed's stance as a potential catalyst for continued upside.

贸易商正在将这种转变视为持续上升空间的潜在催化剂。

Several analysts remain optimistic. Merlijn The Trader noted that Bitcoin's RSI signals an oversold condition, which he says historically leads to "HARD RALLIES."

几位分析师仍然乐观。交易员梅尔利（Merlijn）指出，比特币的RSI标志着过多的状况，他说这在历史上导致了“艰苦的集会”。

Others, like IncomeSharks, highlighted strong support levels holding firm, further reinforcing bullish sentiment.

其他人，例如Incomesharks，强调了坚定的支持水平，进一步增强了看涨的情绪。

However, despite the Bitcoin price surge, not all market participants are on the same page.

但是，尽管比特币价格飙升，但并非所有市场参与者都在同一页面上。

CryptoQuant CEO Ki Young Ju believes that the bull cycle might be over, anticipating 6-12 months of sideways or bearish price action.

CryptoQuant首席执行官Ki Young Ju认为，牛周期可能已经结束，预计侧面有6-12个月或看跌价格。