比特幣（BTC）市場變動了，最大的數字資產經歷了看跌的動作

一般加密市場已經變動了，比特幣是最大的數字資產，當時跌至低於95,000美元的主要價格時，經歷了看跌的動作。

The general crypto market has turned volatile, with Bitcoin, the largest digital asset, experiencing bearish movements as it falls below the key $95,000 price mark.

一般加密市場已經變動了，比特幣是最大的數字資產，當時跌至低於95,000美元的主要價格時，經歷了看跌的動作。

Recently, BTC is gradually picking up steam, pushing prices close to $97,000. However, the recent waning price performance has hindered investors’ sentiment as a large portion of BTC small holders are exhibiting skepticism toward the asset by persistently offloading their coins.

最近，BTC逐漸興起蒸汽，將價格推近97,000美元。但是，最近的價格績效削弱了投資者的情緒，因為大部分BTC小持有人通過持續下載硬幣表現出對資產的懷疑。

Small Bitcoin Wallet Addresses Vanish Rapidly

小比特幣錢包迅速解決了消失

With Bitcoin hovering near key support levels and showing early signs of renewed bearish pressure, it has triggered concerns about its short-term upside potential.

隨著比特幣徘徊在關鍵支持水平附近，並顯示出更新的看跌壓力的早期跡象，它引發了人們對其短期上升潛力的擔憂。

During this waning period, Ali Martinez, an on-chain expert and trader, has outlined a negative behavior among BTC small investors. This persistent negative sentiment is observed among small wallet addresses holding 1 BTC or more, often regarded as Shrimps holders.

在這個衰落時期，鏈上專家和商人阿里·馬丁內斯（Ali Martinez）概述了BTC小型投資者的負面行為。在持有1 BTC或更多的小錢包地址中觀察到這種持續的負面情緒，通常被視為蝦持有者。

These wallet addresses, which are linked to newcomers and retail investors, seem to be leaving the market due to recent price fluctuations and uncertainty.

這些與新移民和散戶投資者有關的錢包地址似乎由於最近的價格波動和不確定性而離開了市場。

Data shows that the number of these wallets with at least 1 BTC has significantly declined by over 3,400 over the past two weeks. The drop in these wallets suggests that small investors are losing confidence in BTC’s short-term prospects, even as larger holders consider expanding their holdings.

數據表明，在過去的兩周中，至少1 BTC的這些錢包的數量顯著下降了3,400多種。這些錢包的下降表明，小型投資者對BTC的短期前景失去了信心，即使大型持有人認為擴大其持股量。

Given the ongoing correction, this development marks a pivotal moment in BTC’s current cycle performance. Should this trend continue, it is likely to trigger short-term contractions in Bitcoin’s price, causing the flagship asset to revisit the next key support level at $92,000.

鑑於持續的校正，這種發展標誌著BTC當前週期性能的關鍵時刻。如果這種趨勢持續下去，它很可能會以比特幣的價格引發短期收縮，從而導致旗艦資產以92,000美元的價格重新審視下一個關鍵支持水平。

Ali Martinez has also highlighted a similar waning sentiment among whale investors in the face of renewed market turbulence. On-chain data shows notable selling pressure among these big investors as they offload a huge chunk of their holdings.

面對新的市場動盪，阿里·馬丁內斯（Ali Martinez）還強調了鯨魚投資者的類似衰落情緒。鏈上的數據顯示，這些大投資者的銷售壓力顯著，因為他們將大部分持股量。

Over the last ten days, whale wallets holding between 1,000 BTC and 10,000 BTC have sold off about 50,000 BTC. According to Martinez, this heightened selling pressure by whales is “a clear sign of profit-taking at current levels.”

在過去的十天中，容納1,000 BTC和10,000 BTC之間的鯨魚錢包已賣出了約50,000 BTC。根據馬丁內斯（Martinez）的說法，鯨魚的銷售壓力加劇是“當前水平上獲利的明顯跡象”。

Specifically, it implies that high-net-worth investors are choosing to secure profits or hedge against potential continued price corrections.

具體而言，這意味著高淨值投資者正在選擇確保利潤或對沖潛在的持續價格更正。

Such a huge selling pressure by whale holders reflects waning conviction about Bitcoin’s future as the flagship asset displays weakening momentum after a brief period of upward trend. Given that big investors are repositioning, speculations are whether the trend could lead to a robust shakeout for Bitcoin.

鯨魚持有人的巨大銷售壓力反映了對比特幣未來的信念，因為旗艦資產在短暫的上升趨勢後表現出弱勢勢頭。鑑於大型投資者正在重新定位，因此猜測是趨勢是否會導致比特幣的強勁動搖。

Several Key BTC Metrics Are Dropping

幾個關鍵的BTC指標正在下降

BTC’s waning performance has extended to several key metrics. FundingVest, an on-chain analyst and author, noted that Binance data indicate increasing short pressure while spot accumulation continues.

BTC的衰落性能已擴展到幾個關鍵指標。鏈分析師兼作者FundingVest指出，二元數據表明，在斑點積累持續的情況下，短壓增加。

Other metrics, like Open Interest (OI), have fallen by over 37%, funding rates have shifted toward negative territory, and the spot is rising higher than perpetual. These developments suggest that the market might be entering a reset mode or accumulation phase. However, the expert is confident that this can be a prelude to the next bullish trend for BTC.

其他指標，例如開放興趣（OI），已經下降了37％以上，資金率已經轉移到負領土上，而現場的上升幅度高於永久性。這些發展表明，市場可能正在進入重置模式或累積階段。但是，專家相信這可以成為BTC下一個看漲趨勢的序幕。