比特币鲸活动发生的变化正在发生，这可能会导致市场沿不同的路线发展。

由于一些主要的比特币持有人在购买时减少了持股，因此存在不确定性。鲸鱼行为的这种变化可能表明突破性或增加波动性的时间，这会使交易者发抖。

There is a shift in Bitcoin whale activity on Binance that may cause the market to go in a different route.

比特币鲸活动对二进制的活动发生了变化，可能会导致市场走上不同的路线。

Some major Bitcoin (BTC) have been decreasing their holdings, while others are buying, leading to uncertainty. This change in whale behavior may point to a breakout or a time of increased volatility, which would make traders jittery.

一些主要的比特币（BTC）正在减少其持股，而另一些则在购买，导致不确定性。鲸鱼行为的这种变化可能表明突破或增加波动性的时间，这会使交易者发抖。

A CryptoQuant analyst says that the BTC exchange whale ratio on Binance has been slowly going down. This means that big holders are less likely to sell. In the past, when this metric declines, Bitcoin has found better support, making it more likely to rise again.

一位隐秘分析师说，BTC交换鲸鱼的二元比率一直在慢慢下降。这意味着大持有人的销售可能性较小。过去，当该指标下降时，比特币已经找到了更好的支持，使其更有可能再次上升。

Binance Whale Ratio Declines

Binance Whale比率下降

The whale ratio measures, out of all exchange outflows, the percentage of large holders’ high outflows. A high percentage suggests a likelihood of price volatility, given that whales are selling Bitcoin.

鲸鱼比在所有交换流出中衡量了大型持有人高流出的百分比。鉴于鲸鱼正在销售比特币，因此很高的比例表明价格波动的可能性。

Usually, though, a drop in this statistic indicates a decline in the selling pressure. According to Darkfost, this ratio has dropped recently on Binance, the biggest cryptocurrency exchange in the world.

但是，通常，此统计数据的下降表明销售压力下降。根据DarkFost的说法，该比率最近在Binance上下降了，Binance是世界上最大的加密货币交易所。

This transition is important because Binance handles the highest volumes of Bitcoin. The decrease in whale influence creates an atmosphere where smaller investors have more impact on the price movements, which supports a more balanced market.

这种过渡很重要，因为Binance处理比特币的最高体积。鲸鱼影响力的下降创造了一种氛围，较小的投资者会对价格变动产生更大的影响，这支持了更平衡的市场。

Long-Term Holders Expanding Their Inventory

长期持有人扩大库存

Another factor is the reduced concentration of long-term holders. According to the data, Bitcoin millionaires are not accumulating as quickly as before.

另一个因素是长期持有人的浓度降低。根据数据，比特币百万富翁的积累不如以前。

Due in large part to the fact that many people are selling, whale holdings have dropped to their lowest position in six years.

在很大程度上是由于许多人销售的事实，鲸鱼的持有量已在六年来下降到其最低地位。

Some experts view this positively. As whale control lessens, Bitcoin becomes less susceptible to sudden price swings resulting from massive sell-offs. However, others caution that without strong whale backing, BTC would struggle to pick up momentum in the near future.

一些专家对此进行了积极的看法。随着鲸鱼控制的减少，比特币变得不易受到大量抛售而突然的价格波动的影响。但是，其他人警告说，如果没有强烈的鲸鱼支持，BTC将在不久的将来努力振奋。

What This Means For Bitcoin’s Price

这对比特币的价格意味着什么

The declining whale ratio and the lower exposure of long-term holders mean that the path of Bitcoin’s price is yet clear. In the past, periods of market stability or delayed recovery followed decreasing whale ratios.

鲸鱼比下降和长期持有人的较低接触意味着比特币价格的道路尚未清楚。过去，在鲸鱼比下降之后，市场稳定或延迟恢复时期。

If history repeats itself, BTC might be nearing a critical support level before deciding on its next move.

如果历史重演，BTC可能会在决定下一步之前接近关键的支持水平。

At the time of writing, Bitcoin was trading at $82,120, up 1.4% in the daily frame, but down 6.4% in the last week, data from Coingecko shows.

Coingecko的数据显示，在撰写本文时，比特币的交易价格为82,120美元，在每日框架中增长了1.4％，但上周下跌了6.4％。

Investors Brace For Subsequent Price Action

投资者为随后的价格行动做好准备

Darkfost’s observations suggest that Bitcoin’s decline may be nearing its conclusion, but further verification is needed.

Darkfost的观察结果表明，比特币的下降可能正在接近结论，但需要进一步验证。

Several traders will be examining whether BTC maintains critical support levels and whether smaller investors increase their purchasing activity.

几位交易者将检查BTC是否维持关键支持水平以及较小的投资者是否增加了他们的购买活动。

Currently, the Binance whale ratio is the primary focus of traders. If it continues to decline, it could be an early indication of market stabilization. However, there is a possibility that additional volatility may be forthcoming if it is to reverse.

目前，二体鲸比是交易者的主要重点。如果继续下降，它可能是市场稳定的早期迹象。但是，如果要逆转，可能会出现额外的波动率。