比特幣[BTC]鯨魚已經積累了資產，為潛在的集會設定了階段

比特幣[BTC]在市場上保持著穩定的門檻，在範圍內移動，沒有明顯的收益，在過去一個月中最多可達1％。

Bitcoin [BTC] has maintained a steady threshold in the market, moving within a tight range and recording no significant gain—only up to 1% in the past month.

比特幣[BTC]在市場上保持著穩定的門檻，在範圍內移動，沒有明顯的收益，在過去一個月中最多可達1％。

New market insight suggests that sentiment could soon shift, with Bitcoin potentially rising in value as whales continue to accumulate the asset.

新的市場洞察力表明，情緒可能很快轉移，隨著鯨魚繼續積累資產，比特幣的價值可能會增加。

Whale interest in Bitcoin rises

對比特幣的鯨魚興趣上升

Whales, known to control a significant portion of any asset, have shown renewed interest in Bitcoin over the past few months.

在過去的幾個月中，已知可以控制任何資產的大部分資產的鯨魚對比特幣的新興趣。

Since early March, analysis shows new whales have entered the market and started acquiring Bitcoin. So far, 60 of these investors have each purchased no less than 1,000 Bitcoin, totaling approximately $85 million.

自3月初以來，分析表明，新鯨魚進入了市場並開始購買比特幣。到目前為止，這些投資者中有60名購買了不少於1,000比特幣，總計約8500萬美元。

Source: Glassnode

來源：玻璃節

Naturally, this influx came while BTC traded well below its all-time high, hinting at undervaluation in the eyes of large investors.

自然，這種湧入是在BTC交易遠低於其歷史最高水平的同時暗示大型投資者看來低估的。

This increase in whale participation is also noteworthy given the overall decline in crypto market liquidity.

鑑於加密市場流動性的總體下降，鯨魚參與的增加也值得注意。

In just the past two weeks, capital inflow dropped from $8.2 billion to $2.38 billion.

在過去的兩個星期中，資本流入從82億美元下降到23.8億美元。

With shrinking funds entering the market, assets receiving liquidity become more interesting, as they are likely to outperform others. Whale activity in BTC confirms it may continue to lead market gains.

隨著進入市場的縮水資金，獲得流動性的資產變得更加有趣，因為它們可能勝過其他人。 BTC中的鯨魚活動證實，它可能會繼續領先市場增長。

Institutions and key whales are making moves

機構和關鍵鯨魚正在做出舉動

Having said that, it wasn’t just whales buying the dip.

話雖如此，這不僅僅是鯨魚購買蘸醬。

AMBCrypto analysis identified one whale taking advantage of Bitcoin’s recent price decline to accumulate a significant amount of the asset.

Ambcrypto分析確定了一隻鯨魚利用比特幣最近的價格下跌來累積大量資產。

According to insights from Arkham Intelligence, a whale identified as “Abraxas Capital Mgmt” has been actively acquiring Bitcoin.

根據Arkham Intelligence的見解，被確定為“ Abraxas Capital Mgmt”的鯨魚一直積極收購比特幣。

Since the beginning of April, this whale has grown its Bitcoin holdings from $2.8 million to $253 million, confirming strong investor bias toward the asset.

自4月初以來，這鯨已將比特幣持有量從280萬美元增加到2.53億美元，證實了強大的投資者對資產的偏見。

Interestingly, under a different address, this whale also holds another $43 million in LBTC, bringing its total to $296 million.

有趣的是，在不同的地址下，這條鯨魚還持有LBTC的4300萬美元，總計達到2.96億美元。

Source: CoinGlass

資料來源：小店

Institutional investors have also slowed their selling and ended the week with inflows into Bitcoin ETFs (exchange-traded funds). Analysis shows this group bought $106.90 million worth of BTC by week’s end.

機構投資者還放慢了銷售，並以投入比特幣ETF（交易所交易資金）的流入結束了一周。分析顯示，到週末，該小組購買了價值1.069億美元的BTC。

If accumulation by whales and institutions continues, Bitcoin’s value could rise, potentially leading to a rally.

如果鯨魚和機構的積累繼續，比特幣的價值可能會上升，可能導致集會。

Long-term traders are buying

長期交易者正在購買

To determine whether this accumulation is temporary or sustainable, AMBCrypto examined the behavior of long-term holders.

為了確定這種積累是暫時的還是可持續的，Ambcrypto檢查了長期持有人的行為。

Using Bitcoin’s Coin Days Destroyed (CDD) metric which indicates whether long-term holders are selling or holding, AMBCrypto found the latter to be true.

使用比特幣的硬幣日被破壞（CDD）指標，表明長期持有人是在出售還是持有，Ambcrypto發現後者是正確的。

Source: CryptoQuant

資料來源：加密

Currently, the CDD trended near zero—implying long-term holders were not selling. In fact, they’ve continued to hold their positions, even through market chop.

目前，CDD趨勢接近零 - 令人震驚的長期持有人沒有出售。實際上，即使是通過市場股票，他們也繼續保持自己的位置。

With whales accumulating, institutions rotating back in, and long-term holders staying put, Bitcoin has emerged as the primary liquidity magnet in a drying market.

隨著鯨魚的積累，機構旋轉，並且長期持有人留在原處，比特幣已成為乾燥市場中的主要流動性磁鐵。

If these tailwinds persist, BTC may not just hold steady—it could be gearing up for its next rally.

如果這些尾風持續存在，BTC可能不僅會保持穩定 - 它可能會為其下一次集會做好準備。