鲸鱼购买狂潮：加密货币巨头在市场区间波动中积累比特币

尽管比特币价格陷入困境，但链上数据显示鲸鱼正在积极积累比特币，他们持有超过 510 万枚比特币（价值 3310 亿美元）。这种强劲的需求与最近的市场疲软相矛盾，并表明潜在的势头正在增强，比特币陷入 73,800 美元至 60,000 美元的区间。突破布林带中线上方可能会将其推至历史新高。然而，由于恐慌性抛售和 ETF 资金外流的发生，增加了价格进一步下跌的可能性，因此仍需保持谨慎。

Whale Activity Amid Bitcoin's Range-Bound Price Action

比特币价格区间波动中的鲸鱼活动

Despite the market's struggles to gain momentum and Bitcoin's confinement within a narrow price range, on-chain data presents a contrasting narrative. As reported by an analyst on Twitter, whales, the crypto market's largest holders, are actively accumulating Bitcoin.

尽管市场难以获得动力，比特币也被限制在狭窄的价格区间内，但链上数据却呈现出截然不同的情况。据推特上的一位分析师报道，加密货币市场最大的持有者鲸鱼正在积极积累比特币。

At the time of the data's dissemination, Bitcoin whales held over 5.1 million BTC, equivalent to a staggering $331 billion. This substantial demand, evident amidst the recent market weakness and skepticism about further price declines, underscores the sustained interest in Bitcoin.

截至数据发布时，比特币鲸鱼持有超过 510 万比特币，相当于惊人的 3310 亿美元。在最近的市场疲软和对价格进一步下跌的怀疑中，这种巨大的需求凸显了人们对比特币的持续兴趣。

Price Range and Market Sentiment

价格范围和市场情绪

Currently, Bitcoin is constrained within a range, bounded by caps at $73,800 and $60,000. Despite the prevailing market confidence, Bitcoin has been unable to break above $70,000, even following the Halving event on April 20. While price stability is observed, the lack of follow-through after April 21 and 22 insinuates underlying weakness.

目前，比特币的价格上限为 73,800 美元和 60,000 美元。尽管市场信心十足，但即使在 4 月 20 日减半事件之后，比特币仍无法突破 70,000 美元。虽然观察到价格稳定，但 4 月 21 日和 22 日之后缺乏后续行动，暗示了潜在的疲软。

Based on the BTCUSDT price chart, a potential breakout above the middle Bollinger Band could trigger a significant upward surge. If accompanied by favorable fundamental developments, the resulting momentum could propel Bitcoin towards new all-time highs.

根据 BTCUSDT 价格图表，突破布林带中线的潜在突破可能会引发大幅上涨。如果伴随着有利的基本面发展，由此产生的势头可能会推动比特币创下历史新高。

Alternatively, a resurgence of sellers could instigate a further decline, as indicated by the sharp rejection of buyers on April 24. This bearish signal may set Bitcoin on a path towards lower lows, potentially surpassing the April 2023 lows.

或者，卖家的复苏可能会引发进一步的下跌，正如 4 月 24 日买家的强烈拒绝所表明的那样。这一看跌信号可能会让比特币走上更低的低点，有可能超过 2023 年 4 月的低点。

Panic Selling and Market Losses

恐慌性抛售和市场损失

Parallel market data reveals a surge in panic selling on prominent crypto exchanges, Binance and OKX. In the past two weeks, these exchanges have witnessed a combined sell-off of 5,137 BTC, resulting in substantial losses. As prices have declined during this period, bulls have failed to counterbalance the sell-off, particularly after consecutive losses on April 12 and 13.

平行市场数据显示，知名加密货币交易所币安和 OKX 上的恐慌性抛售激增。过去两周，这些交易所共抛售 5,137 枚 BTC，造成巨额损失。由于在此期间价格下跌，多头未能抵消抛售，特别是在 4 月 12 日和 13 日连续下跌之后。

ETF Outflows and Price Pressures

ETF 资金流出和价格压力

ARKB, a spot Bitcoin exchange-traded fund (ETF), has experienced significant outflows. On April 25, data indicates a sale of 490 BTC, valued at $31 million, marking the third-largest single-day outflow in ARKB's history.

ARKB 是一款现货比特币交易所交易基金 (ETF)，已出现大量资金流出。 4 月 25 日，数据显示售出 490 BTC，价值 3100 万美元，创下 ARKB 历史上第三大单日流出量。

Recent price pressures on BTC coincide with a noticeable drop in spot ETF inflows during the second half of April. On April 25, Lookonchain reported a decrease of over 2,100 BTC, worth approximately $135 million, across GBTC and all nine spot ETF issuers.

近期 BTC 的价格压力与 4 月下半月现货 ETF 流入量的显着下降同时发生。 4 月 25 日，Lookonchain 报告称，GBTC 和所有九个现货 ETF 发行人的资产减少了 2,100 多个 BTC，价值约 1.35 亿美元。

Disclaimer

免责声明

This article is presented solely for educational purposes and does not constitute financial advice. Investors are advised to conduct thorough due diligence before making any investment decisions. The use of information provided in this article is entirely at the reader's own risk.

本文仅供教育目的，并不构成财务建议。建议投资者在做出任何投资决定之前进行彻底的尽职调查。使用本文中提供的信息的风险完全由读者自行承担。