比特币[BTC]鲸鱼已经积累了资产，为潜在的集会设定了阶段

比特币[BTC]在市场上保持着稳定的门槛，在范围内移动，没有明显的收益，在过去一个月中最多可达1％。

Bitcoin [BTC] has maintained a steady threshold in the market, moving within a tight range and recording no significant gain—only up to 1% in the past month.

比特币[BTC]在市场上保持着稳定的门槛，在范围内移动，没有明显的收益，在过去一个月中最多可达1％。

New market insight suggests that sentiment could soon shift, with Bitcoin potentially rising in value as whales continue to accumulate the asset.

新的市场洞察力表明，情绪可能很快转移，随着鲸鱼继续积累资产，比特币的价值可能会增加。

Whale interest in Bitcoin rises

对比特币的鲸鱼兴趣上升

Whales, known to control a significant portion of any asset, have shown renewed interest in Bitcoin over the past few months.

在过去的几个月中，已知可以控制任何资产的大部分资产的鲸鱼对比特币的新兴趣。

Since early March, analysis shows new whales have entered the market and started acquiring Bitcoin. So far, 60 of these investors have each purchased no less than 1,000 Bitcoin, totaling approximately $85 million.

自3月初以来，分析表明，新鲸鱼进入了市场并开始购买比特币。到目前为止，这些投资者中有60名购买了不少于1,000比特币，总计约8500万美元。

Source: Glassnode

来源：玻璃节

Naturally, this influx came while BTC traded well below its all-time high, hinting at undervaluation in the eyes of large investors.

自然，这种涌入是在BTC交易远低于其历史最高水平的同时暗示大型投资者看来低估的。

This increase in whale participation is also noteworthy given the overall decline in crypto market liquidity.

鉴于加密市场流动性的总体下降，鲸鱼参与的增加也值得注意。

In just the past two weeks, capital inflow dropped from $8.2 billion to $2.38 billion.

在过去的两个星期中，资本流入从82亿美元下降到23.8亿美元。

With shrinking funds entering the market, assets receiving liquidity become more interesting, as they are likely to outperform others. Whale activity in BTC confirms it may continue to lead market gains.

随着进入市场的缩水资金，获得流动性的资产变得更加有趣，因为它们可能胜过其他人。 BTC中的鲸鱼活动证实，它可能会继续领先市场增长。

Institutions and key whales are making moves

机构和关键鲸鱼正在做出举动

Having said that, it wasn’t just whales buying the dip.

话虽如此，这不仅仅是鲸鱼购买蘸酱。

AMBCrypto analysis identified one whale taking advantage of Bitcoin’s recent price decline to accumulate a significant amount of the asset.

Ambcrypto分析确定了一只鲸鱼利用比特币最近的价格下跌来累积大量资产。

According to insights from Arkham Intelligence, a whale identified as “Abraxas Capital Mgmt” has been actively acquiring Bitcoin.

根据Arkham Intelligence的见解，被确定为“ Abraxas Capital Mgmt”的鲸鱼一直积极收购比特币。

Since the beginning of April, this whale has grown its Bitcoin holdings from $2.8 million to $253 million, confirming strong investor bias toward the asset.

自4月初以来，这鲸已将比特币持有量从280万美元增加到2.53亿美元，证实了强大的投资者对资产的偏见。

Interestingly, under a different address, this whale also holds another $43 million in LBTC, bringing its total to $296 million.

有趣的是，在不同的地址下，这条鲸鱼还持有LBTC的4300万美元，总计达到2.96亿美元。

Source: CoinGlass

资料来源：小店

Institutional investors have also slowed their selling and ended the week with inflows into Bitcoin ETFs (exchange-traded funds). Analysis shows this group bought $106.90 million worth of BTC by week’s end.

机构投资者还放慢了销售，并以投入比特币ETF（交易所交易资金）的流入结束了一周。分析显示，到周末，该小组购买了价值1.069亿美元的BTC。

If accumulation by whales and institutions continues, Bitcoin’s value could rise, potentially leading to a rally.

如果鲸鱼和机构的积累继续，比特币的价值可能会上升，可能导致集会。

Long-term traders are buying

长期交易者正在购买

To determine whether this accumulation is temporary or sustainable, AMBCrypto examined the behavior of long-term holders.

为了确定这种积累是暂时的还是可持续的，Ambcrypto检查了长期持有人的行为。

Using Bitcoin’s Coin Days Destroyed (CDD) metric which indicates whether long-term holders are selling or holding, AMBCrypto found the latter to be true.

使用比特币的硬币日被破坏（CDD）指标，表明长期持有人是在出售还是持有，Ambcrypto发现后者是正确的。

Source: CryptoQuant

资料来源：加密

Currently, the CDD trended near zero—implying long-term holders were not selling. In fact, they’ve continued to hold their positions, even through market chop.

目前，CDD趋势接近零 - 令人震惊的长期持有人没有出售。实际上，即使是通过市场股票，他们也继续保持自己的位置。

With whales accumulating, institutions rotating back in, and long-term holders staying put, Bitcoin has emerged as the primary liquidity magnet in a drying market.

随着鲸鱼的积累，机构旋转，并且长期持有人留在原处，比特币已成为干燥市场中的主要流动性磁铁。

If these tailwinds persist, BTC may not just hold steady—it could be gearing up for its next rally.

如果这些尾风持续存在，BTC可能不仅会保持稳定 - 它可能会为其下一次集会做好准备。