隨著價格接近，比特幣（BTC）鯊魚和鯨魚一直在擴大其持股量

鏈上數據顯示，大型比特幣投資者繼續輸出：信任的理由

On-chain data shows that the large Bitcoin investors have continued to buy as the coin’s price has been approaching its all-time high (ATH).

鏈上的數據表明，隨著硬幣的價格一直在其歷史最高水平（ATH），大型比特幣投資者繼續購買。

Bitcoin Investors With 10 to 10,000 BTC Have Expanded Holdings Recently

擁有10至10,000 BTC的比特幣投資者最近擴大了持股

In a new post on X, the on-chain analytics firm Santiment has talked about the latest trend in the supply held by Bitcoin’s key investors: those holding between between 10 and 10,000 BTC.

在X上的一篇新帖子中，這家鏈分析公司Santiment談到了比特幣的主要投資者供應的最新趨勢：持有10到10,000 BTC之間的供應趨勢。

At the current exchange rate, this range converts to $1 million at the lower end and $1 billion at the upper end. Thus, the only investors who would be able to qualify for it would be the ones with substantial holdings. Generally, the influence of any entity in the market goes up the more supply that they control, so the holders belonging to this range would hold an important place in the ecosystem. Collectively, these investors are popularly known as the sharks and whales.

以當前的匯率，該範圍在下端轉換為100萬美元，上端為10億美元。因此，唯一能夠獲得資格的投資者將是擁有大量持股的投資者。通常，任何實體在市場中的影響都會增加他們控制的供應量的越多，因此屬於此範圍的持有人將在生態系統中佔有重要地位。總的來說，這些投資者普遍被稱為鯊魚和鯨魚。

Now, here is the chart shared by the analytics firm, which shows the trend in the Sharks and Whales Supply Distribution, an indicator that tracks the combined supply held by members of these cohorts:

現在，這是分析公司共享的圖表，該圖顯示了鯊魚和鯨魚供應分佈的趨勢，該指標跟踪了這些同類成員的合併供應：

As displayed in the above graph, the Bitcoin sharks and whales have seen their Supply Distribution go up recently, which suggests these large investors have been expanding their holdings. More specifically, the investors falling in the 10 to 10,000 BTC range have added around 83,100 tokens to their wallets over the past month.

如上圖所示，比特幣鯊魚和鯨魚最近看到它們的供應分配增加了，這表明這些大型投資者一直在擴大其持股量。更具體地說，在過去一個月中，跌至10至10,000 BTC系列的投資者增加了大約83,100個令牌。

This accumulation hasn’t come in a constant manner, however, as these investors in fact reduced their supply for a period earlier in the month. This selling from the cohorts followed BTC’s recovery beyond $97,000, so it’s likely that the motive behind it was profit-taking. From the chart, it’s also visible that selloff resulted in a pullback for the cryptocurrency.

但是，由於這些投資者實際上減少了本月早些時候的供應量，因此這種積累並不是不變的。這是在BTC的複蘇超過97,000美元之後從同夥那裡出售的，因此其背後的動機很可能是獲利的。從圖表中，拋售導致加密貨幣的回調也可以看到。

During the latest renewal of bullish momentum, the sharks and whales have again resumed their Bitcoin accumulation and have notably surpassed their holdings from the earlier peak. So far, the groups have shown no signs of profit-taking, which can naturally be a bullish sign for the rally’s sustainability.

在看漲勢頭的最新續約期間，鯊魚和鯨魚再次恢復了他們的比特幣積累，並從早期的山峰中顯著超過了他們的持股。到目前為止，這些團體還沒有表現出獲利的跡象，這自然可以成為集會可持續性的看漲跡象。

In the same chart, Santiment has also attached the data for the Supply Distribution of the investors carrying less than 0.1 BTC. Interestingly, these investors have been selling while the sharks and whales have gone through accumulation.

在同一張圖表中，Santiment還附加了數據的數據，用於投資者的供應分佈低於0.1 BTC。有趣的是，這些投資者一直在銷售，而鯊魚和鯨魚已經積累了。

This could be an indication that the shrimps believe the top could be in soon. Given the accumulation from the large investors, though, the analytics firm notes, “it may be a matter of time until Bitcoin’s coveted $110K all-time high level is breached, particularly after the U.S. & China tariff pause.”

這可能表明蝦類認為頂部可能很快就會出現。不過，鑑於大型投資者的積累，分析公司指出：“違反了比特幣令人垂涎的11萬美元的歷史最高水平，尤其是在美國和中國關稅停頓之後，這可能是一定的。”