加密鲸鱼看涨：比特币鲸鱼在市场波动中积累

在比特币价格波动的情况下，链上数据显示，鲸鱼正在积累领先的加密货币，持有超过 510 万枚比特币，价值 3310 亿美元。尽管市场疲软且持怀疑态度，但这种积累表明需求持续存在，并且有突破 70,000 美元阻力位的潜力。然而，下行风险依然存在，因为恐慌性抛售和比特币交易所交易基金的资金流出表明价格可能进一步下跌。

Bitcoin Whales Accumulate Despite Market Weakness, Signaling Bullish Undercurrent

尽管市场疲软，比特币鲸鱼仍在积累，预示着看涨暗流

Amidst the indecisive price action of Bitcoin, astute analysts have delved into on-chain data to uncover a compelling narrative. A recent analysis by X reveals a surge in accumulation activity by crypto whales, entities holding substantial amounts of Bitcoin.

在比特币犹豫不决的价格走势中，精明的分析师深入研究了链上数据，以揭示令人信服的故事。 X 最近的一项分析显示，持有大量比特币的加密鲸鱼的积累活动激增。

As of the time of the analysis, these whales collectively held over 5.1 million BTC, a staggering treasure trove valued at approximately $331 billion. This voracious accumulation defies the prevailing bearish sentiment in the market, as Bitcoin has been confined to a narrow trading range, with bulls failing to breach the $70,000 ceiling despite the recent halving event.

截至分析时，这些鲸鱼总共持有超过 510 万枚 BTC，这是一个价值约 3310 亿美元的惊人宝库。这种贪婪的积累与市场普遍的看跌情绪背道而驰，因为比特币一直被限制在狭窄的交易区间内，尽管最近发生了减半事件，但多头未能突破 70,000 美元的上限。

The analyst notes that the persistent demand from whales even during periods of price weakness undermines the skepticism surrounding Bitcoin's future prospects. The market's inability to decisively push lower suggests that the coin has found strong support at current levels.

这位分析师指出，即使在价格疲软时期，鲸鱼的持续需求也削弱了人们对比特币未来前景的怀疑。市场无法果断地压低价格，这表明该代币在当前水平找到了强有力的支撑。

Technical analysis of Bitcoin's price chart on TradingView indicates a potential breakout should the price surge above the middle Bollinger Band (BB). A sustained rally accompanied by positive fundamental developments could propel Bitcoin to new all-time highs. Conversely, a resurgence of selling pressure could lead to sharp declines, dragging the price below the April 2023 lows.

TradingView 上比特币价格图表的技术分析表明，如果价格飙升至布林带中线 (BB) 之上，则可能出现突破。持续的反弹加上积极的基本面发展可能会推动比特币创下历史新高。相反，抛售压力重新抬头可能导致价格大幅下跌，将价格拖至 2023 年 4 月低点以下。

Meanwhile, data from Binance and OKX, two prominent crypto exchanges, reveals that panic selling has been rampant in recent weeks. A combined 5,137 BTC has been dumped at a loss over the past two weeks, exacerbating the downward pressure on prices.

与此同时，两家著名加密货币交易所币安和 OKX 的数据显示，最近几周恐慌性抛售十分猖獗。过去两周总计有 5,137 枚 BTC 被抛售，加剧了价格下行压力。

Additionally, ARKB, a spot Bitcoin exchange-traded fund (ETF), has witnessed significant outflows. The fund sold 490 BTC, worth approximately $31 million, on April 25, marking the third-largest single-day outflow in its history.

此外，现货比特币交易所交易基金（ETF）ARKB也出现了大量资金外流。该基金于 4 月 25 日出售了 490 BTC，价值约 3100 万美元，创下其历史上第三大单日流出量。

These outflows coincide with a broader decline in spot ETF inflows during the latter half of April, as reported by Lookonchain data. GBTC and all nine spot ETF issuers collectively reduced their Bitcoin holdings by over 2,100 BTC, worth roughly $135 million.

据 Lookonchain 数据显示，这些资金流出与 4 月下半月现货 ETF 流入量大幅下降同时发生。 GBTC 和所有 9 个现货 ETF 发行人总共减持了超过 2,100 个比特币，价值约 1.35 亿美元。

The juxtaposition of whale accumulation and retail panic selling creates an intriguing dynamic in the Bitcoin market. The former suggests an underlying belief in the long-term potential of the cryptocurrency, while the latter reflects a loss of confidence among some short-term traders.

鲸鱼的积累和散户恐慌性抛售并存，在比特币市场上创造了一种有趣的动态。前者表明人们对加密货币的长期潜力抱有潜在的信念，而后者则反映出一些短期交易者失去了信心。

As Bitcoin continues to fluctuate within its current trading range, the interplay between these opposing forces will shape its future trajectory. The whales' unwavering accumulation indicates a bullish undercurrent, while the panic selling and ETF outflows raise concerns about the resilience of the market.

随着比特币继续在当前交易区间内波动，这些对立力量之间的相互作用将塑造其未来的轨迹。鲸鱼坚定不移的增持表明看涨暗流，而恐慌性抛售和 ETF 资金流出则引发了人们对市场弹性的担忧。

Ultimately, the direction of Bitcoin's price will depend on the balance between these opposing forces. Whether the whales' accumulation will triumph over the bears' onslaught remains to be seen. As the market evolves, investors should closely monitor the on-chain data and technical indicators to assess the strength of the underlying fundamentals and anticipate the next phase in the Bitcoin saga.

最终，比特币价格的走向将取决于这些对立力量之间的平衡。鲸鱼的聚集能否战胜熊的猛攻还有待观察。随着市场的发展，投资者应密切关注链上数据和技术指标，以评估基本面的强度并预测比特币传奇的下一阶段。