鲸鱼锚定减半前反弹，积累空前

Will Whales Drive the Pre-Halving Rebound?

鲸鱼会推动减半前的反弹吗？

Bitcoin's pre-halving correction may have hit a speed bump after one of the biggest accumulation days in years, with the digital asset recapturing the $71,000 mark.

在经历了多年来最大的积累日之一之后，比特币减半前的调整可能已经放缓，数字资产重新夺回 71,000 美元大关。

Whales Accumulate Vast Quantities

鲸鱼积累了大量的数量

On March 25, Santiment revealed that Bitcoin caught traders off guard with a swift recovery, as "key stakeholders" amassed a substantial amount over the weekend. Entities holding 10 to 10,000 coins ("sharks" and "whales") scooped up 51,959 BTCUSD—worth roughly $3.4 billion at the time. This represents an astonishing 0.263% of the entire circulating supply purchased in a single day.

3 月 25 日，Santiment 透露，比特币的迅速复苏让交易者措手不及，因为“主要利益相关者”在周末积累了大量资金。持有 10 到 10,000 个代币的实体（“鲨鱼”和“鲸鱼”）抢走了 51,959 BTCUSD，当时价值约 34 亿美元。这相当于单日购买的全部流通供应量的 0.263%，令人震惊。

Halving Impact Expected

预期影响减半

With the highly anticipated Bitcoin halving less than three weeks away (on or around April 19), Santiment anticipates that these whales will continue to strengthen their positions, potentially buoying the overall crypto market.

距离备受期待的比特币减半还有不到三周的时间（4 月 19 日左右），Santiment 预计这些鲸鱼将继续加强其地位，从而有可能提振整个加密货币市场。

Pre-Halving Retrace Concerns Abate

减半前回撤担忧减弱

Crypto pundits have been fretting over a significant pre-halving pullback, assuming that history would repeat itself. However, BTC has only dipped about 17% from its March 14 record peak of $73,738, with a low of $61,494 on March 20.

加密货币专家一直对减半前的大幅回调感到担忧，认为历史会重演。然而，BTC 较 3 月 14 日创下的历史高点 73,738 美元仅下跌约 17%，3 月 20 日跌至 61,494 美元的低点。

Pre-Halving Retrace Comparison

减半前回溯比较

Technical analyst Rekt Capital suggests that if this correction ends soon, Bitcoin will have nearly matched the 2020 pre-halving retracement. "Bitcoin pulled back -18% in this cycle whereas BTC retraced just over -19% in 2020," he observes.

技术分析师 Rekt Capital 表示，如果此次调整很快结束，比特币将接近 2020 年减半前的回调。他表示：“比特币在本周期中回调了 -18%，而 2020 年 BTC 则回调了 -19% 以上。”

Bullish Momentum Signals

看涨势头信号

The analyst had previously predicted that the current pre-halving retrace would be "on the shallower side" and potentially shorter than historical norms. Given the recent surge in whale accumulation, Bitcoin could be poised for a continuation of its bullish trend.

该分析师此前曾预测，当前的减半前回撤将“较浅”，并且可能比历史正常水平短。鉴于最近鲸鱼积累的激增，比特币可能会继续其看涨趋势。