随着价格接近，比特币（BTC）鲨鱼和鲸鱼一直在扩大其持股量

链上数据显示，大型比特币投资者继续输出：信任的理由

On-chain data shows that the large Bitcoin investors have continued to buy as the coin’s price has been approaching its all-time high (ATH).

链上的数据表明，随着硬币的价格一直在其历史最高水平（ATH），大型比特币投资者继续购买。

Bitcoin Investors With 10 to 10,000 BTC Have Expanded Holdings Recently

拥有10至10,000 BTC的比特币投资者最近扩大了持股

In a new post on X, the on-chain analytics firm Santiment has talked about the latest trend in the supply held by Bitcoin’s key investors: those holding between between 10 and 10,000 BTC.

在X上的一篇新帖子中，这家链分析公司Santiment谈到了比特币的主要投资者供应的最新趋势：持有10到10,000 BTC之间的供应趋势。

At the current exchange rate, this range converts to $1 million at the lower end and $1 billion at the upper end. Thus, the only investors who would be able to qualify for it would be the ones with substantial holdings. Generally, the influence of any entity in the market goes up the more supply that they control, so the holders belonging to this range would hold an important place in the ecosystem. Collectively, these investors are popularly known as the sharks and whales.

以当前的汇率，该范围在下端转换为100万美元，上端为10亿美元。因此，唯一能够获得资格的投资者将是拥有大量持股的投资者。通常，任何实体在市场中的影响都会增加他们控制的供应量的越多，因此属于此范围的持有人将在生态系统中占有重要地位。总的来说，这些投资者普遍被称为鲨鱼和鲸鱼。

Now, here is the chart shared by the analytics firm, which shows the trend in the Sharks and Whales Supply Distribution, an indicator that tracks the combined supply held by members of these cohorts:

现在，这是分析公司共享的图表，该图显示了鲨鱼和鲸鱼供应分布的趋势，该指标跟踪了这些同类成员的合并供应：

As displayed in the above graph, the Bitcoin sharks and whales have seen their Supply Distribution go up recently, which suggests these large investors have been expanding their holdings. More specifically, the investors falling in the 10 to 10,000 BTC range have added around 83,100 tokens to their wallets over the past month.

如上图所示，比特币鲨鱼和鲸鱼最近看到它们的供应分配增加了，这表明这些大型投资者一直在扩大其持股量。更具体地说，在过去一个月中，跌至10至10,000 BTC系列的投资者增加了大约83,100个令牌。

This accumulation hasn’t come in a constant manner, however, as these investors in fact reduced their supply for a period earlier in the month. This selling from the cohorts followed BTC’s recovery beyond $97,000, so it’s likely that the motive behind it was profit-taking. From the chart, it’s also visible that selloff resulted in a pullback for the cryptocurrency.

但是，由于这些投资者实际上减少了本月早些时候的供应量，因此这种积累并不是不变的。这是在BTC的复苏超过97,000美元之后从同伙那里出售的，因此其背后的动机很可能是获利的。从图表中，抛售导致加密货币的回调也可以看到。

During the latest renewal of bullish momentum, the sharks and whales have again resumed their Bitcoin accumulation and have notably surpassed their holdings from the earlier peak. So far, the groups have shown no signs of profit-taking, which can naturally be a bullish sign for the rally’s sustainability.

在看涨势头的最新续约期间，鲨鱼和鲸鱼再次恢复了他们的比特币积累，并从早期的山峰中显着超过了他们的持股。到目前为止，这些团体还没有表现出获利的迹象，这自然可以成为集会可持续性的看涨迹象。

In the same chart, Santiment has also attached the data for the Supply Distribution of the investors carrying less than 0.1 BTC. Interestingly, these investors have been selling while the sharks and whales have gone through accumulation.

在同一张图表中，Santiment还附加了数据的数据，用于投资者的供应分布低于0.1 BTC。有趣的是，这些投资者一直在销售，而鲨鱼和鲸鱼已经积累了。

This could be an indication that the shrimps believe the top could be in soon. Given the accumulation from the large investors, though, the analytics firm notes, “it may be a matter of time until Bitcoin’s coveted $110K all-time high level is breached, particularly after the U.S. & China tariff pause.”

这可能表明虾类认为顶部可能很快就会出现。不过，鉴于大型投资者的积累，分析公司指出：“违反了比特币令人垂涎的11万美元的历史最高水平，尤其是在美国和中国关税停顿之后，这可能是一定的。”