随着市场攀升，比特币鲸显示出克制

随着比特币的更正下降到本月初的低至74,000美元

Bitcoin price saw some recovery this week as its price surged 10% in the past week to trade above the $85,000 level after dropping to lows of $74,000 earlier this month.

本周比特币的价格有所恢复，因为过去一周的价格在本月早些时候下降到74,000美元的低点后，其价格飙升了10％，超过了85,000美元的交易。

The recovery in BTC prices comes amid an 90-day pause on new tariffs from President Trump affecting all countries except China. The announcement helped ease market concerns, contributing to renewed momentum in both equity and digital asset markets.

BTC价格的回收率是在影响中国以外所有国家的特朗普总统的新关税中停止了90天。该公告有助于缓解市场的关注，这有助于股票和数字资产市场的新势头。

Bitcoin Whales Show Restraint as Market Climbs

随着市场攀升，比特币鲸显示出克制

As Bitcoin finds its footing in upward momentum, a new analysis from CryptoQuant analyst Darkfost suggests that large holders on Binance are responding to macroeconomic uncertainty with a cautious, but notably non-reactive, approach.

正如比特币在向上的动力上发现的基础一样，加密分析师DarkFost的新分析表明，二比的大持有人正在采用谨慎但尤其是不反应的方法来应对宏观经济不确定性。

The insights were detailed in a post titled "How Are Binance Whales Reacting to Market Uncertainty?" which examined key on-chain metrics.

这些见解在题为“ Binance Whales如何对市场不确定性反应？”的帖子中详细介绍了见解？它检查了关键的链指标。

According to Darkfost, two primary indicators reveal the evolving behavior of Binance whales. The first, the Exchange Whale Ratio (EWR), compares the top 10 inflows to total inflows on Binance to gauge whale involvement.

根据DarkFost的说法，两个主要指标揭示了二鲸的不断发展的行为。首先，交换鲸比（EWR）将前10个流入与二值的总流入与规格鲸的参与度进行了比较。

A rising 365-day moving average (DMA) for the EWR reflects a growing concentration of inflows from large holders over time, indicating their stronger influence during long-term trends.

EWR的365天移动平均线（DMA）反映了大型持有人的流入越来越浓度，表明它们在长期趋势中的影响力更强。

However, a recent decline in the 30DMA indicates reduced short-term activity. This suggests that whales may be taking a step back from active trading, neither selling aggressively nor showing signs of panic.

但是，最近30DMA的下降表明短期活性降低。这表明鲸鱼可能会从积极的交易中退后一步，既不积极地出售也没有表现出恐慌的迹象。

The second metric, Whale to Exchange Flow, measures the value of whale inflows to Binance over a 30-day period. Here too, the trend is down, falling over $3 billion and mirroring similar drawdowns observed during past corrections in 2024.

第二个指标交换流量的鲸鱼在30天的时间内测量了鲸鱼流入到二体的价值。在这里，趋势也下降了，下降了30亿美元，并反映了2024年过去更正期间观察到的类似缩水。

Combined, these signals suggest that Binance whales are opting to hold their positions rather than sell into current market conditions, potentially signaling confidence in longer-term prospects despite the ongoing uncertainty.

这些信号结合在一起，表明，二鲸选择保持自己的地位，而不是出售当前的市场条件，尽管存在不确定性，但仍可能对长期前景的信心表示信心。

Buying Strength Persists Despite Uncertain Outlook

尽管看法不确定，但购买实力仍然存在

In a related CryptoQuant post, analyst Mignolet highlighted a continued pattern of buying strength on Binance. According to the analyst, the market buy ratio, an indicator tracking the volume of market buy orders, has not only remained intact but has recently surpassed previous highs.

在一个相关的隐式帖子中，分析师Mignolet强调了持续购买强度的二元力量的模式。根据分析师的说法，市场购买比率是跟踪市场购买订单量的指标，不仅保持完整，而且最近超过了以前的高点。

This trend highlights persistent demand despite recent market corrections and volatility. The recurring nature of this pattern suggests that there is underlying buyer strength even as external macroeconomic forces, such as trade policies and regulatory shifts, continue to influence sentiment.

尽管最近的市场更正和波动性，这种趋势仍凸显了持续的需求。这种模式的反复性质表明，即使外部宏观经济部队（例如贸易政策和监管转变）继续影响情绪，即使外部宏观经济部队也存在基本的买方实力。

Historically, a sustained increase in the buy ratio has preceded medium-term rallies, although confirmation of a new trend will require follow-through in both price action and volume metrics.

从历史上看，尽管确认新趋势将需要在价格行动和数量指标上进行跟进，但在中期集会之前，买入比率持续增加。