比特幣（BTC）鯨魚從Coinbase Exchange傾倒硬幣作為價格攤位

自2025年初以來，比特幣[BTC]經歷了Coinbase的大量流出，總共106,217 BTC退出了交易所。

Bitcoin experienced massive outflows from Coinbase since the beginning of 2025, with a total of 106,217 BTC exiting the exchange. At press time, Bitcoin traded at $94,039.45, down by 0.68% over the past 24 hours.

自2025年初以來，比特幣經歷了Coinbase的大規模流出，總共106,217 BTC退出了交易所。發稿時，比特幣的交易價格為94,039.45美元，在過去的24小時內下跌了0.68％。

These outflows continue to pour out of the exchange, signaling a divergence between short-term price movements and long-term investor sentiment.

這些流出繼續湧出交換，表明短期價格變動與長期投資者情緒之間存在差異。

While the crypto behemoth faced a 0.68% setback in the past 24 hours, reducing its value to $94,039.45, these outflows suggest that institutional players remain confident in Bitcoin's future, despite the current price volatility.

儘管加密龐然大物在過去24小時內面臨0.68％的挫折，將其價值降低到94,039.45美元，但這些外流表明，儘管當前的價格波動，但機構參與者對比特幣的未來仍然有信心。

Bitcoin price action – nearing resistance: Breakout or rejection?

比特幣價格動作 - 接近抵抗：突破或拒絕？

Bitcoin's price is currently testing key levels, with $76K acting as support and $96K as resistance.

比特幣的價格目前正在測試關鍵水平，$ 76K充當支撐，而96K的電阻。

At press time, Bitcoin edged closer to resistance, hinting at a possible breakout if momentum sustains. However, with the RSI sitting at 66.62, Bitcoin is nearing overbought territory.

發稿時，比特幣越來越接近阻力，暗示如果動量持續下去，可能會突破。但是，隨著RSI為66.62，比特幣接近超買的領土。

While the current price trend is bullish, a pullback remains possible if the momentum fades. Still, the strong price action around these key levels suggests that Bitcoin could soon test resistance again, potentially leading to a breakout.

儘管目前的價格趨勢是看好的，但如果動量逐漸消失，仍然有可能回調。儘管如此，圍繞這些關鍵水平的強勁價格行動表明，比特幣可能很快再次測試阻力，可能導致突破。

Bitcoin faces resistance at $96K and support at $76K. Credit: TradingView

比特幣的抵抗力為$ 96K，支撐額為$ 76K。信用：TradingView

Bitcoin whale activity – large transactions pushing sentiment

比特幣鯨活動 - 大型交易推動情緒

Whale activity continues to play a significant role in shaping Bitcoin's market sentiment. Despite price fluctuations, large Bitcoin transactions, often involving exchanges, remain consistently high.

鯨魚活動在塑造比特幣的市場情緒中繼續發揮重要作用。儘管價格波動，但通常涉及交流的大型比特幣交易仍然一致。

At present, large transactions reflect a 0.96% bullish signal, suggesting ongoing activity from institutional players.

目前，大型交易反映了0.96％的看漲信號，這表明機構參與者正在進行的活動。

These whales demonstrate confidence in Bitcoin's long-term potential, steadily accumulating despite market volatility.

這些鯨魚表現出對比特幣長期潛力的信心，儘管市場波動，但仍在穩步積累。

Bitcoin transactions reflect a 0.96% bullish signal. Source: IntoTheBlock

比特幣交易反映了0.96％的看漲信號。來源：intotheblock

Derivatives market – declining volume signals caution

衍生品市場 - 數量減少信號謹慎

The Bitcoin Derivatives market had seen a decline in volume, with a 40.1% decrease, bringing the total to $56.60 billion.

比特幣衍生品市場的數量下降，下降了40.1％，總計達到5660億美元。

Open Interest also dropped by 3.6%, to $64.50 billion. These reductions reflect a cautious sentiment among traders, as many seem to be pulling back amidst the ongoing volatility.

開放利息也下降了3.6％，至6450億美元。這些減少反映了交易者的謹慎情緒，因為許多人似乎正在持續的波動中退縮。

In addition, the Options Market witnessed a sharp 69.3% plunge in volume, with Open Interest falling by 7.5%. This suggested traders sought clarity before committing, possibly signaling lower volatility ahead.

此外，期權市場的數量下降了69.3％，開放興趣下降了7.5％。這表明貿易商在提交之前尋求清晰度，這可能表明未來的波動率較低。

Bitcoin derivatives market volume dropped sharply. Source: Coinglass

比特幣衍生品的市場量急劇下降。資料來源：小店

Bitcoin on-chain data – stablecoin reserves and liquidity

比特幣鏈數據 - 穩定儲備和流動性

At press time, the Exchange Stablecoin Ratio stood at 4.9958 after a 1.36% decline.

發稿時，交易所穩定比率在下降1.36％後為4.9958。

This indicates that exchanges hold a substantial proportion of Stablecoins in Reserve. A lower ratio typically signals higher buying power, which could lead to a possible price rise.

這表明交換持有相當一部分的穩定儲備金。較低的比率通常標誌著更高的購買力，這可能會導致價格上漲。

The relatively high Stablecoin Reserve is an indicator of liquidity, enabling exchanges to absorb larger trades without significant price slippage.

相對較高的Stablecoin儲備是流動性的指標，使交易所能夠吸收較大的交易而沒有明顯的價格滑倒。

Stablecoin reserves at exchanges remain high, indicating liquidity for large trades. Source: CryptoQuant

交易所的Stablecoin儲備仍然很高，表明大型交易的流動性。資料來源：加密

While BTC's outflows from Coinbase indicate strong institutional interest, the negative metrics in the derivatives market and rising RSI suggest short-term caution.

儘管BTC從Coinbase中流出表明了強烈的機構興趣，但衍生品市場和RSI上升的負指標表明了短期謹慎。

Despite the ongoing volatility, the liquidity from stablecoins and continued institutional accumulation support Bitcoin's long-term bullish outlook.

儘管有持續的波動性，但斯塔布萊幣的流動性和持續的機構積累支持比特幣的長期看漲前景。

However, short-term price fluctuations are likely to persist until a clearer market direction emerges.

但是，直到出現更清晰的市場方向之前，短期價格波動可能會持續存在。