比特幣積累瘋狂：鍊鍊數據揭示了整個市場的狂歡

鏈上的數據顯示，隨著零售和機構購買戶外開採產出，所有主要隊列中的比特幣積累廣泛，這表明了強烈的信念和潛在的供應衝擊。

Bitcoin Accumulation Frenzy: On-Chain Data Reveals Market-Wide Buying Spree

比特幣積累瘋狂：鍊鍊數據揭示了整個市場的狂歡

Hold onto your hats, folks! The Bitcoin market is buzzing with activity, and on-chain data is painting a clear picture: everyone's buying. From the tiniest shrimps to the biggest whales, accumulation is the name of the game, hinting at a potentially wild ride ahead.

抓住你的帽子，伙計們！比特幣市場隨著活動而嗡嗡作響，鏈上的數據正在繪製清晰的畫面：每個人都在購買。從最微小的蝦到最大的鯨魚，積累是遊戲的名稱，暗示了潛在的瘋狂騎行。

The Accumulation Trend Score: A Market-Wide Green Light

累積趨勢得分：整個市場綠燈

Glassnode's Accumulation Trend Score is flashing green across the board. This indicator, which weighs both the balance changes and sizes of wallets, reveals that all major Bitcoin cohorts are now aligned in their behavior: accumulation. This is a significant shift from earlier mixed signals and suggests a broad-based conviction in the current Bitcoin uptrend.

GlassNode的積累趨勢得分在整個電池上都閃爍著綠色。該指標既權衡錢包的變化又大小，也表明所有主要的比特幣隊列現在都在其行為上對齊：積累。這是與早期混合信號的重大轉變，並提出了當前比特幣上升趨勢中的廣泛信念。

The shrimps (those with less than 1 BTC) have flipped from light distribution to aggressive accumulation after the recent rally. Whales (1,000-10,000 BTC) were already buying with conviction before the all-time high, and they've only doubled down since. Even the mega-whales (over 10,000 BTC) have broken a distribution streak, showing buying levels not seen since December 2024.

最近的集會後，蝦（小於1 BTC的蝦）已從光分佈轉向侵略性積累。鯨魚（1,000-10,000 BTC）在歷史最高時期之前就已經被定罪了，從那以後，它們只有一倍降低了一倍。甚至超過10,000 BTC的巨型鯨魚也打破了分銷連勝，顯示自2024年12月以來未見的購買水平。

Retail Mania: Outpacing the Miners

零售狂熱：超過礦工

The retail crowd – shrimps, crabs, and fish – are going absolutely bonkers for Bitcoin. They're accumulating at a rate that's surpassing the monthly output from mining. We're talking about retail cohorts adding roughly 19,300 BTC per month, while miners are only producing around 13,400 BTC post-halving. That's a serious supply squeeze!

零售人群 - 蝦，螃蟹和魚 - 絕對是比特幣的傻瓜。他們以超過採礦每月產量的速度積累。我們正在談論的是零售隊列每月增加約19,300 BTC，而礦工僅生產約13,400 BTC後售後。那是一個嚴重的供應擠壓！

Institutional FOMO: Fueling the Fire

機構FOMO：燃燒大火

And it's not just the little guys. Institutional investors are piling into Bitcoin in a big way, outpacing the new supply by nearly 3:1. Companies like Metaplanet are adding significant amounts of BTC to their treasuries, signaling a shift in how corporates view digital assets. They aren't just dabbling; they're strategically integrating Bitcoin into their core financial strategies.

這不僅是小傢伙。機構投資者正在大量堆積比特幣，超過新供應量將近3：1。像Metaplanet這樣的公司正在為其國庫增加大量的BTC，這表明公司如何看待數字資產。他們不僅涉足；他們從戰略上將比特幣納入其核心財務策略。

This institutional interest is further fueled by the success of U.S. spot Bitcoin ETFs, which are legitimizing Bitcoin as an investable product in traditional finance. These ETFs enhance liquidity and price transparency, attracting even more capital from both retail and institutional investors.

美國比特幣ETF的成功進一步推動了這種機構的興趣，這將比特幣合法化為傳統金融中的可投資產品。這些ETF提高了流動性和價格透明度，從而吸引了零售和機構投資者更多的資本。

The Miner's Tale: Taking Profits?

礦工的故事：獲利？

Of course, there's always someone taking profits. Miners, according to CryptoQuant data, have been responsible for some distribution during the latest rally. They've made significant withdrawals from their wallets, and much of that outflow has gone to centralized exchanges. This suggests that some miners are taking advantage of the price surge to cash in.

當然，總會有人賺錢。根據加密數據，礦工在最新集會期間負責某些分佈。他們已經從錢包中大量提取了，大部分流出已進入集中式交流。這表明有些礦工正在利用價格上漲來兌現。

Looking Ahead: A New Treasury Standard?

展望未來：新的國庫標準？

With institutional tailwinds, regulatory reform, and growing global adoption, Bitcoin's recent milestones might just be a preview of a new treasury standard. This isn't just a speculative play; it's a strategic move towards a more stable and valuable monetary store.

隨著機構的逆風，監管改革和日益增長的全球採用，比特幣的最近里程碑可能只是新的財政標準的預覽。這不僅僅是投機性的戲劇；這是朝著更穩定和有價值的貨幣商店邁出的戰略性。

So, what does all this mean? Well, buckle up! The combination of widespread accumulation, retail mania, and institutional FOMO suggests that the Bitcoin market is poised for continued growth. While miners might be taking some profits along the way, the overall trend is clear: Bitcoin is becoming an increasingly important asset in the global financial landscape.

那麼，這意味著什麼？好吧，係好！廣泛積累，零售狂熱和機構FOMO的結合表明，比特幣市場有望持續增長。儘管礦工在此過程中可能會獲得一些利潤，但總體趨勢很明顯：比特幣正成為全球金融格局中越來越重要的資產。

Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrency.

免責聲明：這不是財務建議。在投資加密貨幣之前，請務必進行自己的研究。

Alright, that's the lowdown. Now go forth and HODL (or don't, it's your call)! Just remember to keep an eye on that on-chain data. It's like a crystal ball for the Bitcoin market, but way cooler.

好吧，那是低點。現在去霍德（或不，這是您的電話）！只需記住關注該鏈數據即可。這就像比特幣市場的水晶球，但更涼爽。