随着长期持有者兑现，加密货币市场发生巨变

4月第二周，市场出现明显调整。 Glassnode 指标显示获利了结和潜在的市场调整。本文分析了基金和鲸鱼在此期间的活动，重点介绍了关键的链上数据点并提供了对市场动态的见解。

Seismic Adjustments Rock Crypto Market in the Wake of Long-Term Holder Realization

长期持有者变现后，地震调整震撼了加密货币市场

The second week of April concluded with significant market fluctuations, mirroring predictions based on Glassnode indicators. In this comprehensive analysis, we delve into the intricacies of fund and whale activity during this tumultuous period, shedding light on key on-chain events that shaped market dynamics.

4 月第二周市场出现大幅波动，这与基于 Glassnode 指标的预测相符。在这份全面的分析中，我们深入研究了这个动荡时期基金和鲸鱼活动的复杂性，揭示了塑造市场动态的关键链上事件。

On-Chain Highlights of the Week (April 8 - April 13)

本周链上亮点（4 月 8 日至 4 月 13 日）

1. Layer 2s Signal Resilience

1. 第 2 层信号恢复能力

Despite market volatility, Layer 2 solutions have exhibited resilience, with their aggregate Total Value Locked (TVL) surging by 24.4% over the previous month. Arbitrum One and Base have been instrumental in this growth, contributing significantly to the overall TVL of $8.4 billion.

尽管市场波动，Layer 2 解决方案仍表现出弹性，其锁定总价值 (TVL) 较上个月飙升 24.4%。 Arbitrum One 和 Base 在这一增长中发挥了重要作用，为 84 亿美元的总 TVL 做出了巨大贡献。

Ethereum's Dencun upgrade has been a catalyst for Layer 2 adoption, reducing data costs through the incorporation of data blobs. This has resulted in lower transaction fees and gas consumption, fostering increased utilization.

以太坊的 Dencun 升级一直是 Layer 2 采用的催化剂，通过合并数据 blob 来降低数据成本。这导致交易费用和天然气消耗降低，从而促进利用率的提高。

Base, a Layer 2 solution from Coinbase, has witnessed a remarkable rise in bridge volume and transactions per second (TPS) in 2024. Bridge volume has nearly tripled, while TPS has increased tenfold since January.

Base 是 Coinbase 的第 2 层解决方案，到 2024 年，桥接量和每秒交易量 (TPS) 显着增长。自 1 月份以来，桥接量几乎增加了两倍，而 TPS 则增加了十倍。

2. Whales Accumulate Ether (ETH)

2. 鲸鱼积累以太币（ETH）

Amidst the market correction, a single wallet address has emerged as a substantial ETH buyer, acquiring 10,309 ETH (worth approximately $35.82 million). This follows a previous purchase of 10,643 ETH ($36.75 million) on April 8, just before the BTC price rebound.

在市场调整中，一个钱包地址成为 ETH 的重要买家，购买了 10,309 ETH（价值约 3582 万美元）。此前，就在 4 月 8 日，即 BTC 价格反弹之前，购买了 10,643 ETH（3,675 万美元）。

Furthermore, large organizations are actively accumulating ETH, as observed by Lookonchain:

此外，据 Lookonchain 观察，大型组织正在积极积累 ETH：

• 0xACc7 (speculated to be Matrixport's wallet) withdrew 56,176 ETH ($202.12 million) from exchanges since April 11.
• Investor 0x435 withdrew 3,092 ETH ($11.12 million) from Binance on April 10 and has withdrawn a total of 24,044 ETH ($86.5 million) over three days from April 8.

Earlier this week, two additional significant whales invested a combined $35.11 million to purchase 10,322 ETH. This accumulation is believed to be a concerted effort to push ETH above $3,400. The transactions involved:

0xACc7（推测是 Matrixport 的钱包）自 4 月 11 日起从交易所提取了 56,176 ETH（2.0212 亿美元）。投资者 0x435 于 4 月 10 日从币安提取了 3,092 ETH（1,112 万美元），三天内总共提取了 24,044 ETH（8,650 万美元）从 4 月 8 日开始。本周早些时候，又有两只大鲸鱼总共投资了 3511 万美元购买了 10,322 ETH。这种积累被认为是推动 ETH 突破 3,400 美元的共同努力。涉及交易：

• 8 wallets, potentially belonging to a single entity, spent 20.86 million USDT to buy 6,145 ETH at $3,395. The wallets received USDT from 0x065 and 0x8ce, which have transacted ETH and USDT, suggesting a common ownership.
• Whale 0x5e9 purchased 4,178 ETH at $3,410 using 14.25 million DAI. This whale has generated a cumulative profit of $7.48 million from a previous ETH and WBTC trade.

3. Spot BTC ETF Flows in Focus

8 个可能属于同一实体的钱包花费 2086 万 USDT 以 3,395 美元的价格购买了 6,145 ETH。这些钱包从 0x065 和 0x8ce 收到了 USDT，这两个钱包已经进行了 ETH 和 USDT 交易，这表明它们是共同所有权。鲸鱼 0x5e9 使用 1425 万 DAI 以 3,410 美元的价格购买了 4,178 个 ETH。这只鲸鱼从之前的 ETH 和 WBTC 交易中累计获利 748 万美元。3。现货 BTC ETF 流量成为焦点

Grayscale continues to hold a significant position in the BTC market, with its holdings currently at 319,252 BTC (valued at $21.57 billion).

Grayscale 继续在 BTC 市场中占据重要地位，目前持有 319,252 BTC（价值 215.7 亿美元）。

iShares Bitcoin Trust (owned by BlackRock) has maintained its BTC acquisition spree, holding over 266,58 BTC ($18.01 billion) at present.

iShares Bitcoin Trust（贝莱德旗下）继续保持其 BTC 收购热潮，目前持有超过 266.58 BTC（180.1 亿美元）。

In contrast, the Spot BTC ETF market has been relatively subdued this week, with most funds exhibiting zero netflow for several days. However, on Friday, April 12, Bitcoin Spot ETF flows turned negative by $55 million, with only BlackRock adding to its BTC holdings while other funds remained inactive.

相比之下，现货BTC ETF市场本周相对低迷，大部分基金连续多日呈现净流量为零的情况。然而，4 月 12 日星期五，比特币现货 ETF 流量转负 5500 万美元，只有贝莱德增持了 BTC 持仓，而其他基金仍然不活跃。

4. FTX and Alameda Research Resume Asset Sales

4. FTX 和 Alameda Research 恢复资产出售

After a period of relative quiet, FTX and Alameda Research have resumed asset sales, demonstrating impeccable timing. Ahead of today's market correction, they transferred 2,500 ETH ($8.56 million) to Coinbase at approximately $3,426 per ETH.

经过一段相对平静的时期后，FTX 和 Alameda Research 已恢复资产出售，展现了无可挑剔的时机。在今天的市场调整之前，他们以每 ETH 约 3,426 美元的价格将 2,500 ETH（856 万美元）转移到 Coinbase。

Since March 1, FTX and Alameda have transferred 15,850 ETH ($58 million) to intermediary exchanges at an average price of $3,659.

自 3 月 1 日以来，FTX 和 Alameda 已以 3,659 美元的平均价格向中介交易所转移了 15,850 ETH（5800 万美元）。

Conclusion

结论

The crypto market has undergone a series of adjustments this week, with long-term investors realizing profits and market fundamentals undergoing recalibration. Layer 2 solutions have shown resilience, while whales and institutions continue to accumulate ETH. Spot BTC ETF flows have been muted, reflecting the market's current volatility. The actions of FTX and Alameda Research, with their strategic asset sales, underscore the dynamic and ever-evolving nature of the crypto ecosystem.

本周加密市场经历了一系列调整，长线投资者获利了结，市场基本面正在重新调整。 Layer 2 解决方案表现出了韧性，而鲸鱼和机构则继续积累 ETH。现货 BTC ETF 资金流向平淡，反映出市场当前的波动性。 FTX 和 Alameda Research 的行动及其战略资产销售凸显了加密生态系统的动态和不断发展的本质。