比特幣（BTC）的鯨魚流入量為二線已下降到29.9億美元

正如加密量牌所指出的那樣，比特幣到二手幣的鯨魚流入到2023年初的29.9億美元下降到了29.9億美元。

Despite reaching a 24-hour high above $111,000, Bitcoin (BTC) has slid back to $109,000 at the time of writing. This marks a 2% decline from the all-time high.

儘管在撰寫本文時，比特幣（BTC）達到了24小時高出111,000美元的高度，但比特幣（BTC）卻恢復了109,000美元。這標誌著歷史最高水平下降了2％。

At the last two cycle tops, Binance saw 30-day whale inflows of $5.31 billion, $8.45 billion, and $7.24 billion, which were later followed by price corrections. However, data from CryptoQuant shows that these massive influxes have now dwindled.

在最後兩個週期的頂部，二手賽的鯨魚流入為53.1億美元，84.5億美元和72.4億美元，後來進行了價格更正。但是，來自加密量的數據表明，這些大量流入現在已經減少了。

Earlier this year, the world’s largest crypto exchange experienced an average monthly inflow of over $5 billion. But this figure has dropped to $2.99 billion, the lowest since early 2023.

今年早些時候，全球最大的加密貨幣交易所的平均每月流入超過50億美元。但是這個數字已降至29.9億美元，是自2023年初以來最低的。

This data point may indicate a decisive change in behavior, as huge outflows may be on the cards.

該數據點可能表明行為的決定性變化，因為巨大的流出可能存在。

Moreover, despite Bitcoin trading above the $109,000 mark, recent netflows on CoinGlass show that outflows continue to dominate. A lack of huge accumulations, especially on Binance, suggests that whales are not selling, even at new highs.

此外，儘管比特幣交易高於109,000美元，但最近在Coinglass上的Netflows表明，流出仍在占主導地位。缺乏巨大的積累，尤其是在二元方面，這表明即使在新高點也沒有銷售鯨魚。

Peaks of inflows of $7 billion to $8.5 billion seen at the top of previous cycles are not being repeated, and the current flow remains around $3 billion.

在先前週期的頂部看到的70億美元至85億美元的流入峰值沒有重複，目前的流量仍然約為30億美元。

This continuing decrease in supply on exchange may decrease selling pressure in the short term, making the bullish case stronger as the price momentum develops.

交換供應的這種持續減少可能會在短期內降低銷售壓力，從而隨著價格動量的發展而使看漲的案例變得更強大。

Here’s more relevant analysis of the Bitcoin market:

這是對比特幣市場的更相關分析：

Bull Flag Breakout Projects $144K Target

Bull Flag Breakout Project $ 144K目標

Bull Flag Breakout Project $ 144K目標

Bitcoin has completed a breakout, and the bull flag is a continuation pattern that tends to forecast powerful moves to the upside. The height of the flag, counted between the $105,000 rise and the recent breakout area, indicates a target at around $144,000.

比特幣已經完成了突破，牛旗是延續模式，往往可以預測強大的動作到上升。旗幟的高度在105,000美元的上升和最近的突破區域之間，表明目標約為144,000美元。

Analysts, such as Merlijn The Trader, note that the breakout is still valid as long as BTC stays above the previous consolidation area at $98,000 to $102,000. The Fibonacci extension levels and historical momentum setups coincide with the price structure, giving more validity to the likelihood of a continuation of the rally. In the past seven days, BTC is up by 4%, but it has been met by resistance at the $111,000 level.

分析師（例如Trader Merlijn）指出，只要BTC以前的合併區域以上的$ 98,000至$ 102,000，突破仍然有效。斐波那契的擴展水平和歷史勢頭設置與價格結構相吻合，從而使集會延續的可能性更大。在過去的七天中，BTC增長了4％，但通過阻力達到了111,000美元的水平。

Derivatives Imbalance and Whale Strategy Back Rally

衍生品失衡和鯨魚策略反彈

In the derivatives, liquidation data shows a massive imbalance in the upside. The risk is even higher on the side of short sellers, where more than 15.11 billion will be liquidated should Bitcoin rally by 10%. Conversely, a comparable drop would just cause long liquidations of $9.58 billion. This skew means that any price explosion may lead to a short squeeze, which will continue to make momentum.

在衍生物中，清算數據在上升方面顯示出巨大的失衡。在賣空者的一側，風險甚至更高，在比特幣集會上，將會清算超過151億美元的風險。相反，可比的下降只會導致長期清算為95.8億美元。這種偏斜意味著任何價格爆炸都可能導致短暫的擠壓，這將繼續發揮動力。

Another factor that supports the bullish case is the decreased activity of Binance whales. These entities have historically dumped massive holdings at price tops. Exchange inflows went above $5.3 billion early in 2024. That figure has today dropped to $2.99 billion. Their decision to keep holding instead of selling at higher levels bodes well for more upside.

支持看漲案例的另一個因素是育鯨的活性下降。這些實體歷來以價格上漲了大量持有。在2024年初，交換流入率超過53億美元。今天的數字已下降到29.9億美元。他們決定繼續保持持有，而不是在更高級別的屍體上出售，以獲得更多的上漲空間。