新的比特幣鯨正在參與著名的獲利

鏈上數據表明，比特幣短期持有人鯨魚的利潤明顯高於此次集會中的鑽石手。

On-chain data shows the Bitcoin short-term holder whales have been taking significantly more profits than the diamond hands in this rally.

鏈上數據表明，比特幣短期持有人鯨魚的利潤明顯高於此次集會中的鑽石手。

The cryptocurrency market has seen its fair share of volatility in recent times, with prices swinging wildly as investors react to various events. One way to analyze this activity is by looking at the profit (or loss) that traders realize when they sell their coins at a higher price than they bought them at.

加密貨幣市場近來已經看到了其相當多的波動性，隨著投資者對各種事件的反應，價格急劇下跌。分析這項活動的一種方法是查看交易者以比他們購買的更高的價格出售硬幣時意識到的利潤（或損失）。

Recently, both the short-term holders (STHs) and long-term holders (LTHs) have participated in some profit-taking, according to CryptoQuant author Axel Adler Jr..

最近，據加密作家Axel Adler Jr表示，短期持有人（STH）和長期持有人（LTHS）都參加了一些盈利。

STHs and LTHs are two broad divisions of the BTC network done on the basis of holding time, with the cutoff between them being 155 days. Similarly, ‘whales’ are also a classification of the asset’s investors, but in this case, the criterion is holding balance. More particularly, whales are defined as holders with more than 1,000 BTC. As such, the STH and LTH whales would refer to the big-money members of the STH and LTH groups, respectively.

STH和LTH是BTC網絡的兩個廣泛分區，基於持有時間，它們之間的截止時間為155天。同樣，“鯨魚”也是資產投資者的分類，但是在這種情況下，標準正在保持餘額。尤其是，鯨魚被定義為擁有1,000多個BTC的持有人。因此，STH和LTH鯨魚將分別指STH和LTH組的大型成員。

Now, here is the chart shared by the analyst that shows the trend in the total amount of profit realized by these groups during the past few months:

現在，這是分析師共享的圖表，該圖表顯示了過去幾個月這些群體實現的利潤總數的趨勢：

As displayed in the above graph, both of the groups have participated in some degree of profit-taking. Still, clearly, the new whales who got into the market in the past five months have been the ones making up for the majority of this selling.

如上圖所示，兩個小組都參加了一定程度的利潤。儘管如此，顯然，在過去五個月中進入市場的新鯨魚還是彌補了大部分銷售的鯨魚。

This trend is different from how it was in January, when the profit realization was more balanced across these cohorts.

這種趨勢與1月份的情況不同，當時利潤實現在這些同類人群中更加平衡。

Historically, the STHs have tended to be more sensitive to market events and react accordingly, while the LTHs have shown more resilience and tend to hold onto their coins for the long term. So, the whales falling to the temptation of profit-taking in the recent rally may not be too surprising.

從歷史上看，STH傾向於對市場事件更加敏感並做出相應的反應，而LTHS表現出更大的彈性，並且長期傾向於堅持其硬幣。因此，在最近的集會中，鯨魚陷入了獲利的誘惑可能並不太奇怪。

That said, so far, the profit-selling in the market hasn’t yet reached the same highs as in January.

就是說，到目前為止，市場上的盈利銷售尚未達到與一月份相同的高點。

The whales represent a broad group that can be divided further into the regular-sized whales (1,000 to 10,000 BTC) and ‘mega’ whales (10,000+ BTC). According to data from the on-chain analytics firm Glassnode, the two groups haven’t been showing consistent behavior recently.

鯨魚代表一個可以進一步分為常規鯨魚（1,000至10,000 BTC）和“ Mega”鯨魚（10,000+ BTC）的廣泛組。根據鏈分析公司玻璃節的數據，最近兩組尚未顯示出一致的行為。

Here is a chart from the firm showing the Bitcoin Accumulation Trend Score for the two major whale cohorts over the past year:

這是該公司的圖表，顯示了過去一年的兩個主要鯨魚隊列的比特幣累積趨勢得分：

As is visible in the above chart, the Bitcoin Accumulation Trend Score, an indicator that tells us about whether the investors are accumulating or distributing their coins, has been closely related to 1 for the whales recently, a sign that these large entities have been displaying strong accumulation.

正如上圖中可見的那樣，比特幣累積趨勢得分（告訴我們投資者是否正在積累或分配硬幣）最近與鯨魚的1密切相關的指標，這一跡象表明這些大實體已經表現出強大的積累。

The smaller cohorts have also been displaying a similar behavior, but the mega whales have diverged from the rest as they have taken to distribution instead.

較小的隊列也表現出類似的行為，但是巨型鯨魚因其分配而與其他行為差異。

BTC Price

BTC價格

At the time of writing, Bitcoin is trading at the $109,800 price point, showing a 6% gain over the last seven days.

在撰寫本文時，比特幣的交易價格為109,800美元，顯示過去七天增長了6％。