比特币（BTC）市场变动了，最大的数字资产经历了看跌的动作

一般加密市场已经变动了，比特币是最大的数字资产，当时跌至低于95,000美元的主要价格时，经历了看跌的动作。

The general crypto market has turned volatile, with Bitcoin, the largest digital asset, experiencing bearish movements as it falls below the key $95,000 price mark.

一般加密市场已经变动了，比特币是最大的数字资产，当时跌至低于95,000美元的主要价格时，经历了看跌的动作。

Recently, BTC is gradually picking up steam, pushing prices close to $97,000. However, the recent waning price performance has hindered investors’ sentiment as a large portion of BTC small holders are exhibiting skepticism toward the asset by persistently offloading their coins.

最近，BTC逐渐兴起蒸汽，将价格推近97,000美元。但是，最近的价格绩效削弱了投资者的情绪，因为大部分BTC小持有人通过持续下载硬币表现出对资产的怀疑。

Small Bitcoin Wallet Addresses Vanish Rapidly

小比特币钱包迅速解决了消失

With Bitcoin hovering near key support levels and showing early signs of renewed bearish pressure, it has triggered concerns about its short-term upside potential.

随着比特币徘徊在关键支持水平附近，并显示出更新的看跌压力的早期迹象，它引发了人们对其短期上升潜力的担忧。

During this waning period, Ali Martinez, an on-chain expert and trader, has outlined a negative behavior among BTC small investors. This persistent negative sentiment is observed among small wallet addresses holding 1 BTC or more, often regarded as Shrimps holders.

在这个衰落时期，链上专家和商人阿里·马丁内斯（Ali Martinez）概述了BTC小型投资者的负面行为。在持有1 BTC或更多的小钱包地址中观察到这种持续的负面情绪，通常被视为虾持有者。

These wallet addresses, which are linked to newcomers and retail investors, seem to be leaving the market due to recent price fluctuations and uncertainty.

这些与新移民和散户投资者有关的钱包地址似乎由于最近的价格波动和不确定性而离开了市场。

Data shows that the number of these wallets with at least 1 BTC has significantly declined by over 3,400 over the past two weeks. The drop in these wallets suggests that small investors are losing confidence in BTC’s short-term prospects, even as larger holders consider expanding their holdings.

数据表明，在过去的两周中，至少1 BTC的这些钱包的数量显着下降了3,400多种。这些钱包的下降表明，小型投资者对BTC的短期前景失去了信心，即使大型持有人认为扩大其持股量。

Given the ongoing correction, this development marks a pivotal moment in BTC’s current cycle performance. Should this trend continue, it is likely to trigger short-term contractions in Bitcoin’s price, causing the flagship asset to revisit the next key support level at $92,000.

鉴于持续的校正，这种发展标志着BTC当前周期性能的关键时刻。如果这种趋势持续下去，它很可能会以比特币的价格引发短期收缩，从而导致旗舰资产以92,000美元的价格重新审视下一个关键支持水平。

Ali Martinez has also highlighted a similar waning sentiment among whale investors in the face of renewed market turbulence. On-chain data shows notable selling pressure among these big investors as they offload a huge chunk of their holdings.

面对新的市场动荡，阿里·马丁内斯（Ali Martinez）还强调了鲸鱼投资者的类似衰落情绪。链上的数据显示，这些大投资者的销售压力显着，因为他们将大部分持股量。

Over the last ten days, whale wallets holding between 1,000 BTC and 10,000 BTC have sold off about 50,000 BTC. According to Martinez, this heightened selling pressure by whales is “a clear sign of profit-taking at current levels.”

在过去的十天中，容纳1,000 BTC和10,000 BTC之间的鲸鱼钱包已卖出了约50,000 BTC。根据马丁内斯（Martinez）的说法，鲸鱼的销售压力加剧是“当前水平上获利的明显迹象”。

Specifically, it implies that high-net-worth investors are choosing to secure profits or hedge against potential continued price corrections.

具体而言，这意味着高净值投资者正在选择确保利润或对冲潜在的持续价格更正。

Such a huge selling pressure by whale holders reflects waning conviction about Bitcoin’s future as the flagship asset displays weakening momentum after a brief period of upward trend. Given that big investors are repositioning, speculations are whether the trend could lead to a robust shakeout for Bitcoin.

鲸鱼持有人的巨大销售压力反映了对比特币未来的信念，因为旗舰资产在短暂的上升趋势后表现出弱势势头。鉴于大型投资者正在重新定位，因此猜测是趋势是否会导致比特币的强劲动摇。

Several Key BTC Metrics Are Dropping

几个关键的BTC指标正在下降

BTC’s waning performance has extended to several key metrics. FundingVest, an on-chain analyst and author, noted that Binance data indicate increasing short pressure while spot accumulation continues.

BTC的衰落性能已扩展到几个关键指标。链分析师兼作者FundingVest指出，二元数据表明，在斑点积累持续的情况下，短压增加。

Other metrics, like Open Interest (OI), have fallen by over 37%, funding rates have shifted toward negative territory, and the spot is rising higher than perpetual. These developments suggest that the market might be entering a reset mode or accumulation phase. However, the expert is confident that this can be a prelude to the next bullish trend for BTC.

其他指标，例如开放兴趣（OI），已经下降了37％以上，资金率已经转移到负领土上，而现场的上升幅度高于永久性。这些发展表明，市场可能正在进入重置模式或累积阶段。但是，专家相信这可以成为BTC下一个看涨趋势的序幕。