在過去的兩個星期中

截至4月中旬，這種持有的持股量使鯨魚的總平衡總計超過349.8萬BTC。

output: Whales have accumulated over 43,100 Bitcoin (BTC), worth nearly $4 billion, in the past two weeks, according to data shared by Ali Martinez.

產量：根據阿里·馬丁內斯（Ali Martinez）的數據，鯨魚在過去兩周中累積了超過43,100個比特幣（BTC），價值近40億美元。

This surge in holdings brings the total whale balance to over 3.54 million BTC, up from 3.498 million BTC as of mid-April.

截至4月中旬，這種持有的持股量使鯨魚的總平衡總計超過349.8萬BTC。

The timing is notable: Bitcoin has reclaimed strength in April, currently trading just below $94,100 after a strong rebound from sub-$80K levels earlier in the month.

時機是值得注意的：比特幣在四月份恢復了實力，目前的交易價格低於94,100美元，此前本月早些時候從低於80k的水平籃板後，比特幣的交易價格低於94,100美元。

Spot Bitcoin ETFs have continued to attract capital despite macro uncertainty. The nine-day stretch from April 21 to April 29 saw consistent inflows totaling over $4 billion, led by IBIT and EZBC.

儘管宏觀不確定性，但現貨比特幣ETF仍繼續吸引資本。從4月21日到4月29日的9天延長，由IBIT和EZBC領導，總計超過40億美元。

April 23–24 alone generated $1.36 billion, demonstrating a persistent appetite among U.S. institutions. While GBTC outflows remain a drag, net ETF demand continues to support BTC’s price floor near current levels.

僅4月23日至24日，就產生了13.6億美元，證明了美國機構中持續的食慾。儘管GBTC流出仍然是一個阻力，但淨ETF需求繼續支持BTC在當前水平附近的價格平台。

Derivatives Send Mixed Signals Amid Higher Volume

衍生品在較高的捲中發出混合信號

Bitcoin derivatives volume jumped 17% in the last 24 hours to $91.5 billion, but open interest dipped slightly by 1.68%. Long/short ratios across Binance and OKX show a nearly neutral bias, just under 1.0, suggesting traders remain cautious near local highs.

在過去的24小時內，比特幣衍生品數量增長了17％，達到915億美元，但開放式利息略有下降1.68％。整個Binance和OKX的長/短比率顯示出幾乎中立的偏見，不到1.0，這表明貿易商在當地高點附近保持謹慎。

Notably, top trader positioning on Binance remains skewed long, and liquidation data reveals over $77 million in 24-hour rekt positions, primarily short.

值得注意的是，最高交易者在二元方面的定位仍然很長，清算數據顯示24小時的REKT位置超過7,700萬美元，主要是很短。

Smart Money Loads Up, But Momentum Needs Confirmation

明智的錢增加了，但是動力需要確認

Whales are clearly buying with conviction, and ETF flows back the narrative of strong institutional support. But the flattening of open interest and cautious leverage metrics hint that momentum isn’t guaranteed.

鯨魚顯然是通過信念購買的，而ETF則回流了強大的機構支持的敘述。但是，開放興趣和謹慎的槓桿指標的扁平化暗示，不能保證勢頭。

Bitcoin may need another catalyst—or a clean break above $95K—to unlock the next leg. Until then, the market appears to be coiling in anticipation of a decisive move, with derivatives data showing traders hedging more than speculating. If inflows persist and volatility returns, BTC could be gearing up for another push toward six figures.

比特幣可能需要另一個催化劑，或者比比特幣以高於$ 95k的清潔休息來解鎖下一條腿。在此之前，市場似乎是由於決定性的舉動而盤繞的，衍生品數據顯示，貿易商的套期保值遠不止於猜測。如果流入持續且波動率返回，BTC可能會為六位數的另一個推動而努力。