鯨魚錨定減半前反彈，累積空前

Will Whales Drive the Pre-Halving Rebound?

鯨魚會推動減半前的反彈嗎？

Bitcoin's pre-halving correction may have hit a speed bump after one of the biggest accumulation days in years, with the digital asset recapturing the $71,000 mark.

在經歷了多年來最大的累積日之一之後，比特幣減半前的調整可能已經放緩，數位資產重新奪回 71,000 美元大關。

Whales Accumulate Vast Quantities

鯨魚累積了大量的數量

On March 25, Santiment revealed that Bitcoin caught traders off guard with a swift recovery, as "key stakeholders" amassed a substantial amount over the weekend. Entities holding 10 to 10,000 coins ("sharks" and "whales") scooped up 51,959 BTCUSD—worth roughly $3.4 billion at the time. This represents an astonishing 0.263% of the entire circulating supply purchased in a single day.

3 月 25 日，Santiment 透露，比特幣的迅速復甦讓交易者措手不及，因為「主要利益相關者」在周末積累了大量資金。持有 10 到 10,000 個代幣的實體（「鯊魚」和「鯨魚」）搶走了 51,959 BTCUSD，當時價值約 34 億美元。這相當於單日購買的全部流通供應量的 0.263%，令人震驚。

Halving Impact Expected

預期影響減半

With the highly anticipated Bitcoin halving less than three weeks away (on or around April 19), Santiment anticipates that these whales will continue to strengthen their positions, potentially buoying the overall crypto market.

距離備受期待的比特幣減半還有不到三週的時間（4 月 19 日左右），Santiment 預計這些鯨魚將繼續加強其地位，從而有可能提振整個加密貨幣市場。

Pre-Halving Retrace Concerns Abate

減半前回撤擔憂減弱

Crypto pundits have been fretting over a significant pre-halving pullback, assuming that history would repeat itself. However, BTC has only dipped about 17% from its March 14 record peak of $73,738, with a low of $61,494 on March 20.

加密貨幣專家一直對減半前的大幅回檔感到擔憂，認為歷史會重演。然而，BTC 較 3 月 14 日創下的歷史高點 73,738 美元僅下跌約 17%，3 月 20 日跌至 61,494 美元的低點。

Pre-Halving Retrace Comparison

減半前回溯比較

Technical analyst Rekt Capital suggests that if this correction ends soon, Bitcoin will have nearly matched the 2020 pre-halving retracement. "Bitcoin pulled back -18% in this cycle whereas BTC retraced just over -19% in 2020," he observes.

技術分析師 Rekt Capital 表示，如果此次調整很快結束，比特幣將接近 2020 年減半前的回檔。他表示：“比特幣在本週期中回調了 -18%，而 2020 年 BTC 則回調了 -19% 以上。”

Bullish Momentum Signals

看漲勢頭訊號

The analyst had previously predicted that the current pre-halving retrace would be "on the shallower side" and potentially shorter than historical norms. Given the recent surge in whale accumulation, Bitcoin could be poised for a continuation of its bullish trend.

該分析師此前曾預測，目前的減半前回撤將“較淺”，並且可能比歷史正常水平短。鑑於最近鯨魚累積的激增，比特幣可能會繼續其看漲趨勢。