分析师说，鲸鱼会累积比特币，因为市场面临着清算风险

两家领先的分析公司对比特币和以太坊的当前状态有了对比的见解，强调了波动性的增长和两种资产中的投资者行为不同。

Two leading analytics firms have shared contrasting insights into the current state of Bitcoin and Ethereum, highlighting growing volatility and diverging investor behavior across both assets.

两家领先的分析公司对比特币和以太坊的当前状态有了对比的见解，强调了波动性的增长和两种资产中的投资者行为不同。

As shared by research firm Alphractal, Bitcoin is showing heightened sensitivity to liquidation events in the short term, particularly within the $74,000 to $84,000 range. Should the cryptocurrency experience a sudden and significant price movement, either up or down, it could trigger a chain reaction of liquidations on both sides, potentially setting off a volatile back-and-forth in the market.

正如研究公司Alphractal所共有的那样，比特币在短期内表现出对清算事件的敏感性，尤其是在74,000美元至84,000美元的范围内。如果加密货币的价格突然而重要的价格转移，无论是上下的，它都可能会引发两侧清算的链条反应，从而有可能在市场上来回挥发。

Enterprising apex traders could then amplify these price swings, leading to even greater volatility and setting the stage for an interesting showdown between bulls and bears. This sensitivity to liquidation events underscores the importance of technical support and resistance levels in the coming days.

然后，进取的顶点交易者可以扩大这些价格波动，从而导致更大的波动性，并为公牛和熊之间有趣的摊牌奠定了基础。对清算事件的这种敏感性强调了未来几天技术支持和阻力水平的重要性。

On the other hand, Ethereum appears more stable from a liquidation perspective, with long and short positions remaining relatively balanced. However, analysts warn that short positions near the $1,800 level are vulnerable to unexpected price jumps, which could quickly escalate and pour fuel on the bullish fire.

另一方面，从清算角度来看，以太坊看起来更稳定，长位置和短位置保持相对平衡。但是，分析师警告说，接近$ 1,800的水平的短职位容易受到意外的价格上涨，这可能会迅速升级并倒入看涨的大火。

In a separate analysis, CryptoQuant has highlighted a growing trend of large-scale Bitcoin investors, commonly known as whales, resuming accumulation as the market faces liquidation risks.

在另一项分析中，加密素养强调了大规模比特币投资者（通常称为鲸鱼）的增长趋势，随着市场面临清算风险，恢复积累。

Since the beginning of March, over 100,000 BTC have flowed into the holdings of major investors, even as overall network activity remains low and interest from smaller investors, also known as "hodlers," is waning.

自3月初以来，即使整体网络活动仍然较低，而且较小的投资者的兴趣（也称为“ Hodlers”）正在减弱，但超过100,000个BTC一直流入主要投资者的股份。

CryptoQuant’s team noted that while smaller investors are retreating amid market uncertainty, institutions and long-term players are using the dip to strengthen their positions, further capitalizing on price weakness in zones previously favored by “smart money.”

CryptoQuant的团队指出，尽管较小的投资者在市场不确定性中撤退，但机构和长期参与者正在使用DIP来加强自己的立场，进一步利用了以前受到“智能货币”青睐的区域的价格弱点。

The diverging signals between network activity and whale behavior suggest that while short-term volatility may rattle retail traders, larger players are preparing for the long game, remaining focused on pivotal technical levels for potential reversals or continuations of the prevailing trends.

网络活动和鲸鱼行为之间的不同信号表明，尽管短期波动可能会骚扰零售交易者，但较大的参与者正在为长游戏做准备，而始终集中在关键的技术水平上，以实现潜在的逆转或持续的现行趋势。