比特币鲸恢复积累，为潜在的新拉力赛设定了舞台

一个多月以来，比特币[BTC]鲸鱼一直在稳步降低其持股量，这是过去一年中净下降最长的股份。

For over a month, Bitcoin [BTC] whales have been steadily reducing their holdings, marking the longest period of net decline over the past year. However, the trend has now shifted, with whales beginning to accumulate again.

一个多月以来，比特币[BTC]鲸鱼一直在稳步降低其持股量，这是过去一年中净下降最长的股份。但是，现在的趋势已经发生了变化，鲸鱼再次开始积聚。

This reversal has pushed the monthly percentage change in whale holdings back into positive territory, signaling potential changes in market sentiment. The key question is whether this shift could fuel BTC’s next rally or if the accumulation is merely a temporary adjustment.

这种逆转已将鲸鱼持有量的每月百分比变化恢复到积极的领域，这表明了市场情绪的潜在变化。关键问题是，这种转变是否可以助长BTC的下一次集会，或者积累只是暂时的调整。

Bitcoin’s whale accumulation resumes – A trend reversal?

比特币的鲸鱼积累恢复 - 趋势逆转？

As per the latest on-chain data, Bitcoin whales have re-entered accumulation mode. After weeks of declining balances, total whale holdings are now seeing an uptick, with the 30-day percentage change turning positive at +0.7%.

根据最新的链链数据，比特币鲸具有重新输入的积累模式。经过数周的余额下降，现在总鲸鱼持有量增加了，其中30天的变化变化为 +0.7％。

Historically, similar shifts in whale behavior have often preceded significant price movements. At the time of writing, the total balance was around 3.4 million.

从历史上看，鲸鱼行为的类似转变通常在价格上的重大变动之前。在写作时，总余额约为340万。

Source: CryptoQuant

资料来源：加密

A closer look at past trends revealed that whenever whales reversed from net selling to net accumulation, BTC saw periods of heightened volatility. And, in many cases, price recoveries.

仔细观察过去的趋势表明，每当鲸鱼从净销售到净累积的鲸鱼倒转时，BTC就会看到波动率提高的时期。而且，在许多情况下，价格回收。

This suggested that whales may be positioning themselves for a potential market shift.

这表明鲸鱼可能正在为潜在的市场转变定位。

Bitcoin’s price action – What’s next?

比特币的价格动作 - 下一步是什么？

Bitcoin was trading at $86,480 at press time, following a 0.32% decline over the last 12 hours. The 50-day moving average sat at $92,321, acting as a key resistance level.

发稿时，比特币的交易价格为86,480美元，在过去12小时内下降了0.32％。 50天的移动平均线为92,321美元，充当关键阻力水平。

Meanwhile, BTC seemed to be hovering near the lower Bollinger Band – A sign that price volatility has been increasing across the board.

同时，BTC似乎在下Bollinger乐队附近徘徊 - 这表明价格波动一直在增加。

Source: TradingView

资料来源：TradingView

The Money Flow Index [MFI] was at 49.06 – A sign that BTC was neither in overbought nor oversold territory.

货币流量指数[MFI]为49.06 - 一个迹象表明BTC既不是过分买卖的，也不是超卖领土。

A sustained hike in whale accumulation could drive Bitcoin towards a retest of $90,000. However, failure to reclaim key moving averages could push the price towards its $82,000 support levels.

鲸鱼积聚的持续升高可能会将比特币驱动到90,000美元的重新测试。但是，未能收回钥匙的平均值可能会将价格推向其82,000美元的支持水平。

What could happen next?

接下来会发生什么？

When analyzing previous instances where whale accumulation resumed after a period of net selling, AMBCrypto found that BTC often saw buying pressure in the following weeks.

在分析以前的实例，在一段净销售后恢复鲸鱼的积累时，Ambcrypto发现BTC经常在接下来的几周内看到购买压力。

However, the extent of the price impact depends on external market conditions, such as macroeconomic factors and overall investor sentiment.

但是，价格影响的程度取决于外部市场状况，例如宏观经济因素和整体投资者情绪。

A major factor to consider is whether the whale accumulation is coming from long-term investors or short-term traders. If the recent buying trend continues, it could signal renewed confidence in BTC’s long-term outlook. Conversely, if accumulation slows down, BTC may remain range-bound before making its next decisive move.

要考虑的主要因素是鲸鱼的积累是来自长期投资者还是短期交易者。如果最近的购买趋势继续下去，它可能表明对BTC长期前景的信心更新。相反，如果积累减慢，BTC可能会在下一个决定性移动之前保持范围限制。

Will whales drive the next Bitcoin rally?

鲸鱼会驱动下一个比特币集会吗？

The latest shift in Bitcoin whale behavior hinted that large holders are starting to position themselves for a potential market shift. While previous accumulation phases have led to price hikes, it remains essential to monitor BTC’s ability to reclaim key resistance levels.

比特币鲸行为的最新转变暗示，大持有人开始将自己定位为潜在的市场转变。尽管以前的积累阶段导致了价格上涨，但监视BTC恢复关键阻力水平的能力仍然至关重要。

If whales continue to buy aggressively, BTC could attempt to break above $90,000 and retest $92,000. On the other hand, failure to maintain momentum may keep BTC from consolidating between $82,000 and $88,000 in the near term.

如果鲸鱼继续积极地购买，BTC可能会试图打破90,000美元以上，并重新测试92,000美元。另一方面，未能保持BTC在短期内使BTC的合并在82,000至88,000美元之间。

Investors should check out on-chain data and macroeconomic signals to gauge whether this momentum can be sustainable or not.output: For over a month, Bitcoin [BTC] whales have been steadily reducing their holdings, making it the longest period of net decline over the past year. However, the trend has now reversed, with whales beginning to accumulate again.

投资者应查看链上的数据和宏观经济信号，以衡量这种势头是否可以可持续。输出：超过一个月的时间，比特币[BTC]鲸鱼一直在稳步降低其持股量，使其成为过去一年中最长的净下降时期。但是，这种趋势现在已经逆转了，鲸鱼再次开始积聚。

This reversal has pushed the monthly percentage change in whale holdings back into positive territory, signaling potential changes in market sentiment. The key question is whether this shift could fuel BTC’s next rally or if the accumulation is merely a temporary adjustment.

这种逆转已将鲸鱼持有量的每月百分比变化恢复到积极的领域，这表明了市场情绪的潜在变化。关键问题是，这种转变是否可以助长BTC的下一次集会，或者积累只是暂时的调整。

Bitcoin’s whale accumulation resumes – A trend reversal?

比特币的鲸鱼积累恢复 - 趋势逆转？

As per the latest on-chain data from CryptoQuant, Bitcoin whales have re-entered accumulation mode. After several weeks of declining balances, total whale holdings are now showing a slight uptick.

根据来自加密量的最新链链数据，比特币鲸具有重新输入的积累模式。经过数周的余额下降，总鲸鱼持有量略有上升。

The 30-day percentage change has turned positive at +0.7%, indicating a recent shift in behavior. Previously, in mid-August, the monthly change hit the lowest point at -6.0%.

30天的变化变化为 +0.7％，表明行为的转变。以前，在8月中旬，每月更改的最低点为-6.0％。

Bitcoin (BTC) whales' monthly balance change. Credit: CryptoQuant

比特币（BTC）鲸鱼的每月平衡变化。图片来源：加密量

Historically, significant shifts in whale behavior, like this reversal from selling to buying pressure, have often preceded periods of heightened price volatility and, in many cases, signaled the onset of price trends.

从历史上看，鲸鱼行为的显着转变，例如从销售到购买压力的这种逆转，通常在价格上涨的时期之前就已经提高了，并且在许多情况下，它表明了价格趋势的开始。

At the time of writing, the total balance held by whales stood at approximately 3.4 million BTC.

在撰写本文时，鲸鱼的总余额约为340万BTC。

A closer look at Bitcoin’s price action

仔细观察比特币的价格动作

Bitcoin was trading at $86,480 at press time, on Thursday, September 7. It sustained a 0.32% decline over the last

比特币在9月7日（星期四）发稿时的交易价格为86,480美元。在上一台下降了0.32％