比特币积累疯狂：链链数据揭示了整个市场的狂欢

链上的数据显示，随着零售和机构购买户外开采产出，所有主要队列中的比特币积累广泛，这表明了强烈的信念和潜在的供应冲击。

Bitcoin Accumulation Frenzy: On-Chain Data Reveals Market-Wide Buying Spree

比特币积累疯狂：链链数据揭示了整个市场的狂欢

Hold onto your hats, folks! The Bitcoin market is buzzing with activity, and on-chain data is painting a clear picture: everyone's buying. From the tiniest shrimps to the biggest whales, accumulation is the name of the game, hinting at a potentially wild ride ahead.

抓住你的帽子，伙计们！比特币市场随着活动而嗡嗡作响，链上的数据正在绘制清晰的画面：每个人都在购买。从最微小的虾到最大的鲸鱼，积累是游戏的名称，暗示了潜在的疯狂骑行。

The Accumulation Trend Score: A Market-Wide Green Light

累积趋势得分：整个市场绿灯

Glassnode's Accumulation Trend Score is flashing green across the board. This indicator, which weighs both the balance changes and sizes of wallets, reveals that all major Bitcoin cohorts are now aligned in their behavior: accumulation. This is a significant shift from earlier mixed signals and suggests a broad-based conviction in the current Bitcoin uptrend.

GlassNode的积累趋势得分在整个电池上都闪烁着绿色。该指标既权衡钱包的变化又大小，也表明所有主要的比特币队列现在都在其行为上对齐：积累。这是与早期混合信号的重大转变，并提出了当前比特币上升趋势中的广泛信念。

The shrimps (those with less than 1 BTC) have flipped from light distribution to aggressive accumulation after the recent rally. Whales (1,000-10,000 BTC) were already buying with conviction before the all-time high, and they've only doubled down since. Even the mega-whales (over 10,000 BTC) have broken a distribution streak, showing buying levels not seen since December 2024.

最近的集会后，虾（小于1 BTC的虾）已从光分布转向侵略性积累。鲸鱼（1,000-10,000 BTC）在历史最高时期之前就已经被定罪了，从那以后，它们只有一倍降低了一倍。甚至超过10,000 BTC的巨型鲸鱼也打破了分销连胜，显示自2024年12月以来未见的购买水平。

Retail Mania: Outpacing the Miners

零售狂热：超过矿工

The retail crowd – shrimps, crabs, and fish – are going absolutely bonkers for Bitcoin. They're accumulating at a rate that's surpassing the monthly output from mining. We're talking about retail cohorts adding roughly 19,300 BTC per month, while miners are only producing around 13,400 BTC post-halving. That's a serious supply squeeze!

零售人群 - 虾，螃蟹和鱼 - 绝对是比特币的傻瓜。他们以超过采矿每月产量的速度积累。我们正在谈论的是零售队列每月增加约19,300 BTC，而矿工仅生产约13,400 BTC后售后。那是一个严重的供应挤压！

Institutional FOMO: Fueling the Fire

机构FOMO：燃烧大火

And it's not just the little guys. Institutional investors are piling into Bitcoin in a big way, outpacing the new supply by nearly 3:1. Companies like Metaplanet are adding significant amounts of BTC to their treasuries, signaling a shift in how corporates view digital assets. They aren't just dabbling; they're strategically integrating Bitcoin into their core financial strategies.

这不仅是小家伙。机构投资者正在大量堆积比特币，超过新供应量将近3：1。像Metaplanet这样的公司正在为其国库增加大量的BTC，这表明公司如何看待数字资产。他们不仅涉足；他们从战略上将比特币纳入其核心财务策略。

This institutional interest is further fueled by the success of U.S. spot Bitcoin ETFs, which are legitimizing Bitcoin as an investable product in traditional finance. These ETFs enhance liquidity and price transparency, attracting even more capital from both retail and institutional investors.

美国比特币ETF的成功进一步推动了这种机构的兴趣，这将比特币合法化为传统金融中的可投资产品。这些ETF提高了流动性和价格透明度，从而吸引了零售和机构投资者更多的资本。

The Miner's Tale: Taking Profits?

矿工的故事：获利？

Of course, there's always someone taking profits. Miners, according to CryptoQuant data, have been responsible for some distribution during the latest rally. They've made significant withdrawals from their wallets, and much of that outflow has gone to centralized exchanges. This suggests that some miners are taking advantage of the price surge to cash in.

当然，总会有人赚钱。根据加密数据，矿工在最新集会期间负责某些分布。他们已经从钱包中大量提取了，大部分流出已进入集中式交流。这表明有些矿工正在利用价格上涨来兑现。

Looking Ahead: A New Treasury Standard?

展望未来：新的国库标准？

With institutional tailwinds, regulatory reform, and growing global adoption, Bitcoin's recent milestones might just be a preview of a new treasury standard. This isn't just a speculative play; it's a strategic move towards a more stable and valuable monetary store.

随着机构的逆风，监管改革和日益增长的全球采用，比特币的最近里程碑可能只是新的财政标准的预览。这不仅仅是投机性的戏剧；这是朝着更稳定和有价值的货币商店迈出的战略性。

So, what does all this mean? Well, buckle up! The combination of widespread accumulation, retail mania, and institutional FOMO suggests that the Bitcoin market is poised for continued growth. While miners might be taking some profits along the way, the overall trend is clear: Bitcoin is becoming an increasingly important asset in the global financial landscape.

那么，这意味着什么？好吧，系好！广泛积累，零售狂热和机构FOMO的结合表明，比特币市场有望持续增长。尽管矿工在此过程中可能会获得一些利润，但总体趋势很明显：比特币正成为全球金融格局中越来越重要的资产。

Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrency.

免责声明：这不是财务建议。在投资加密货币之前，请务必进行自己的研究。

Alright, that's the lowdown. Now go forth and HODL (or don't, it's your call)! Just remember to keep an eye on that on-chain data. It's like a crystal ball for the Bitcoin market, but way cooler.

好吧，那是低点。现在去霍德（或不，这是您的电话）！只需记住关注该链数据即可。这就像比特币市场的水晶球，但更凉爽。