比特币（BTC）价格从30天内从85,000美元上涨至105,000美元，似乎只有明智的选择才做出了明智的选择

本月比特币鲸活动已经脱离图表。 BTC价格在30天内从85,000美元上涨至105,000美元，但并非全部购买。

Bitcoin (BTC) has been on a tear recently, rising from the $85K range to $105K in 30 days. While most assumed everyone was buying during this window, only smart money seems to have made a smart choice.

比特币（BTC）最近一直流泪，在30天内从85,000美元的范围上升到105,000美元。尽管大多数人都认为每个人在此窗口中都在购买，但只有聪明的钱似乎做出了明智的选择。

As seen by on-chain analytics firm Santiment, wallets holding between 10 and 10,000 BTC (roughly $1 million to $100 million) added 83,105 BTC in the past 30 days. At the same time, retail investors with less than 0.1 BTC sold off 387 BTC. And that contrast says a lot.

正如链上分析公司所见，在过去30天内，持有10至10,000 BTC（约100万美元至1亿美元）的钱包增加了83,105 BTC。同时，不到0.1 BTC的零售投资者出售了387 BTC。这种对比说了很多。

There is a clear divide between how large and small players view the market differently. Smaller wallets booked profits, likely thinking Bitcoin had peaked at $94K. Meanwhile, the whales (addresses) have taken an opposite stance. Their aggressive buying suggests they expect a bigger move soon.

小型玩家和小型玩家对市场的看法有所不同。较小的钱包预订了利润，可能认为比特币以9.4K美元的价格达到顶峰。同时，鲸鱼（地址）采取了相反的立场。他们的积极购买表明，他们希望很快会采取更大的举动。

Bitcoin Exchange Netflow’s Drop, Long-Term Mindset Grows

比特币交换NetFlow的下降，长期心态增长

BTC exchange reserves have also declined. That means more Bitcoin is moving off platforms and into wallets, likely cold storage. A netflow total below zero typically favors cryptocurrency price increases.

BTC交换储备也有所下降。这意味着更多的比特币正在从平台上移动到钱包，可能是冷藏。低于零的净流量通常有利于加密货币价格上涨。

Bitcoin price dropped below $101,000 earlier today, dragging most altcoins down with it. But some analysts expect a push toward $110,000 if volumes and institutional demand remain high.

今天早些时候，比特币价格下跌了101,000美元，将大多数山寨币拖下来。但是，如果量和机构需求仍然很高，一些分析师预计，如果数量和机构需求仍然很高，则将推向110,000美元。

According to crypto analytics firm Santiment, whales rarely chase price. They accumulate when they anticipate value.

根据加密分析公司的说法，鲸鱼很少追逐价格。当他们预期价值时，他们会积累。

Last week, the largest BTC outflows from exchanges in months were recorded. This signals growing confidence among long-term holders.

上周，记录了几个月来交流中最大的BTC流出。这表明长期持有人之间的信心越来越大。

These shifts are often seen to be early signs of major price moves. If whales keep buying as the retail investors exit, then the market may be coiling up for a breakout. Bitcoin climbed to fresh highs within weeks, the last time such behavior was seen.

这些转变通常被认为是主要价格转移的早期迹象。如果鲸鱼继续购买作为散户投资者退出，那么市场可能会盘绕以进行突破。比特币在几周内攀升至新鲜的高点，这是最后一次看到这种行为。

Whales Hold Their Bullish Stance

鲸鱼保持看涨的立场

For now, the message is clear. Whales are stacking while retailers exit and wait. And if history rhymes, $110,000 may be just the beginning.

目前，消息很清楚。鲸鱼在零售商退出并等待时正在堆叠。而且，如果历史押韵，$ 110,000可能只是开始。

These movements come as the entire crypto market faces mounting pressure due to macro factors. As reported by Coingape, this correction came ahead of the latest U.S. CPI data and led to over $700 million in liquidations. While some see panic, others like MicroStrategy used the dip to stack more Bitcoin.

这些运动是由于宏观因素导致的整个加密市场面临着越来越大的压力。据Coingape报道，这种更正是在最新的美国CPI数据之前提前的，并导致了超过7亿美元的清算。虽然有些人看到恐慌，但像MicroStrategy这样的其他人则使用DIP堆放了更多的比特币。