鲸鱼活动减少削弱了比特币的看涨前景

最近几周，比特币网络的高价值交易和鲸鱼活动稳步下降，与此同时，加密货币正在努力摆脱整合。这种低迷的活动表明，除非网络活动出现好转，否则近期低迷的价格表现可能会持续下去。

Diminished Whale Activity Dampens Bitcoin Price Prospects: On-Chain Data Raises Concerns

鲸鱼活动减少削弱了比特币价格前景：链上数据引发担忧

Recent on-chain data analysis unveils a concerning trend for the Bitcoin network, revealing a steady decline in high-value transactions executed by whales, entities or individuals holding substantial amounts of BTC. This waning activity, tracked by Santiment's Whale Transaction Count metric, has mirrored the lackluster performance of Bitcoin's price, which has struggled to break out of consolidation throughout April.

最近的链上数据分析揭示了比特币网络的一个令人担忧的趋势，即持有大量比特币的鲸鱼、实体或个人执行的高价值交易正在稳步下降。 Santiment 的鲸鱼交易计数指标追踪到的这种减弱的活动反映了比特币价格的低迷表现，整个 4 月份比特币价格一直难以摆脱盘整。

Over the past six weeks, Bitcoin's price has repeatedly failed to sustain levels above $67,000, experiencing a subsequent decline of over 2% in the last seven days alone, according to data from CoinGecko. This underperformance coincides with the observed reduction in whale activity, suggesting a potential correlation between network activity and price movements.

CoinGecko 的数据显示，在过去六周内，比特币价格多次未能维持在 67,000 美元以上的水平，仅在过去 7 天就下跌了 2% 以上。这种表现不佳与观察到的鲸鱼活动减少相吻合，表明网络活动与价格变动之间存在潜在相关性。

In-depth analysis by prominent crypto analyst Ali Martinez on the X platform reveals a noticeable drop in whale transactions, particularly those exceeding $100,000 and $1 million, since March 14, the date when Bitcoin reached its all-time high of $73,737. This dip in whale activity has coincided with the recent underperformance of Bitcoin's price.

著名加密货币分析师 Ali Martinez 对 X 平台的深入分析显示，自 3 月 14 日（比特币触及 73,737 美元的历史高点）以来，鲸鱼交易明显下降，特别是超过 10 万美元和 100 万美元的交易。鲸鱼活动的减少与近期比特币价格表现不佳同时发生。

Martinez emphasizes that a reversal of this trend, with an increase in high-value transactions, could provide impetus for BTC's price. Such a surge in network activity would imply elevated demand for Bitcoin, potentially leading to higher prices. Historically, peaks in whale transaction counts have correlated with record-high prices for BTC.

马丁内斯强调，随着大额交易的增加，这一趋势的逆转可能会推动比特币的价格上涨。网络活动的激增意味着对比特币的需求增加，可能导致价格上涨。从历史上看，鲸鱼交易数量的峰值与比特币创纪录的高价格相关。

However, the on-chain data also provides a ray of hope. Despite the choppy market conditions, the number of active Bitcoin wallets is experiencing rapid growth. Santiment reports a 2.5% increase in "non-empty BTC wallets" in the last three months. This metric reflects the total number of unique addresses holding BTC, suggesting increasing demand for the cryptocurrency and potential future bullishness for its price.

不过，链上数据也带来了一线希望。尽管市场环境动荡，活跃的比特币钱包数量仍在快速增长。 Santiment 报告称，过去三个月“非空 BTC 钱包”增加了 2.5%。该指标反映了持有 BTC 的唯一地址总数，表明对加密货币的需求不断增加，并且未来其价格可能看涨。

As of writing, Bitcoin is trading just above $64,000, a modest 1.6% increase in the past day. While the price has not yet broken out of its consolidation range, the increasing number of active wallets combined with the potential impact of renewed whale activity could provide a catalyst for future price appreciation.

截至撰写本文时，比特币交易价格略高于 64,000 美元，过去一天小幅上涨 1.6%。虽然价格尚未突破盘整区间，但活跃钱包数量的增加，加上鲸鱼活动重新出现的潜在影响，可能会成为未来价格升值的催化剂。

Conclusion

结论

The waning whale activity on the Bitcoin network has raised concerns regarding the cryptocurrency's short-term price prospects. However, the increasing number of active wallets suggests underlying demand that could reverse the recent trend. The recovery of whale activity, indicating increased demand and speculation, could be a pivotal factor in propelling BTC's price towards higher levels.

比特币网络上鲸鱼活动的减弱引发了人们对加密货币短期价格前景的担忧。然而，活跃钱包数量的增加表明潜在需求可能会扭转近期趋势。鲸鱼活动的恢复表明需求和投机增加，可能是推动比特币价格上涨的关键因素。

Market participants should carefully monitor on-chain data and whale behavior in the coming days and weeks to gauge the market sentiment and potential price trajectory of Bitcoin.

市场参与者应在未来几天和几周内仔细监控链上数据和鲸鱼行为，以衡量市场情绪和比特币的潜在价格轨迹。