比特币（BTC）鲸鱼从Coinbase Exchange倾倒硬币作为价格摊位

自2025年初以来，比特币[BTC]经历了Coinbase的大量流出，总共106,217 BTC退出了交易所。

Bitcoin experienced massive outflows from Coinbase since the beginning of 2025, with a total of 106,217 BTC exiting the exchange. At press time, Bitcoin traded at $94,039.45, down by 0.68% over the past 24 hours.

自2025年初以来，比特币经历了Coinbase的大规模流出，总共106,217 BTC退出了交易所。发稿时，比特币的交易价格为94,039.45美元，在过去的24小时内下跌了0.68％。

These outflows continue to pour out of the exchange, signaling a divergence between short-term price movements and long-term investor sentiment.

这些流出继续涌出交换，表明短期价格变动与长期投资者情绪之间存在差异。

While the crypto behemoth faced a 0.68% setback in the past 24 hours, reducing its value to $94,039.45, these outflows suggest that institutional players remain confident in Bitcoin's future, despite the current price volatility.

尽管加密庞然大物在过去24小时内面临0.68％的挫折，将其价值降低到94,039.45美元，但这些外流表明，尽管当前的价格波动，但机构参与者对比特币的未来仍然有信心。

Bitcoin price action – nearing resistance: Breakout or rejection?

比特币价格动作 - 接近抵抗：突破或拒绝？

Bitcoin's price is currently testing key levels, with $76K acting as support and $96K as resistance.

比特币的价格目前正在测试关键水平，$ 76K充当支撑，而96K的电阻。

At press time, Bitcoin edged closer to resistance, hinting at a possible breakout if momentum sustains. However, with the RSI sitting at 66.62, Bitcoin is nearing overbought territory.

发稿时，比特币越来越接近阻力，暗示如果动量持续下去，可能会突破。但是，随着RSI为66.62，比特币接近超买的领土。

While the current price trend is bullish, a pullback remains possible if the momentum fades. Still, the strong price action around these key levels suggests that Bitcoin could soon test resistance again, potentially leading to a breakout.

尽管目前的价格趋势是看好的，但如果动量逐渐消失，仍然有可能回调。尽管如此，围绕这些关键水平的强劲价格行动表明，比特币可能很快再次测试阻力，可能导致突破。

Bitcoin faces resistance at $96K and support at $76K. Credit: TradingView

比特币的抵抗力为$ 96K，支撑额为$ 76K。信用：TradingView

Bitcoin whale activity – large transactions pushing sentiment

比特币鲸活动 - 大型交易推动情绪

Whale activity continues to play a significant role in shaping Bitcoin's market sentiment. Despite price fluctuations, large Bitcoin transactions, often involving exchanges, remain consistently high.

鲸鱼活动在塑造比特币的市场情绪中继续发挥重要作用。尽管价格波动，但通常涉及交流的大型比特币交易仍然一致。

At present, large transactions reflect a 0.96% bullish signal, suggesting ongoing activity from institutional players.

目前，大型交易反映了0.96％的看涨信号，这表明机构参与者正在进行的活动。

These whales demonstrate confidence in Bitcoin's long-term potential, steadily accumulating despite market volatility.

这些鲸鱼表现出对比特币长期潜力的信心，尽管市场波动，但仍在稳步积累。

Bitcoin transactions reflect a 0.96% bullish signal. Source: IntoTheBlock

比特币交易反映了0.96％的看涨信号。来源：intotheblock

Derivatives market – declining volume signals caution

衍生品市场 - 数量减少信号谨慎

The Bitcoin Derivatives market had seen a decline in volume, with a 40.1% decrease, bringing the total to $56.60 billion.

比特币衍生品市场的数量下降，下降了40.1％，总计达到5660亿美元。

Open Interest also dropped by 3.6%, to $64.50 billion. These reductions reflect a cautious sentiment among traders, as many seem to be pulling back amidst the ongoing volatility.

开放利息也下降了3.6％，至6450亿美元。这些减少反映了交易者的谨慎情绪，因为许多人似乎正在持续的波动中退缩。

In addition, the Options Market witnessed a sharp 69.3% plunge in volume, with Open Interest falling by 7.5%. This suggested traders sought clarity before committing, possibly signaling lower volatility ahead.

此外，期权市场的数量下降了69.3％，开放兴趣下降了7.5％。这表明贸易商在提交之前寻求清晰度，这可能表明未来的波动率较低。

Bitcoin derivatives market volume dropped sharply. Source: Coinglass

比特币衍生品的市场量急剧下降。资料来源：小店

Bitcoin on-chain data – stablecoin reserves and liquidity

比特币链数据 - 稳定储备和流动性

At press time, the Exchange Stablecoin Ratio stood at 4.9958 after a 1.36% decline.

发稿时，交易所稳定比率在下降1.36％后为4.9958。

This indicates that exchanges hold a substantial proportion of Stablecoins in Reserve. A lower ratio typically signals higher buying power, which could lead to a possible price rise.

这表明交换持有相当一部分的稳定储备金。较低的比率通常标志着更高的购买力，这可能会导致价格上涨。

The relatively high Stablecoin Reserve is an indicator of liquidity, enabling exchanges to absorb larger trades without significant price slippage.

相对较高的Stablecoin储备是流动性的指标，使交易所能够吸收较大的交易而没有明显的价格滑倒。

Stablecoin reserves at exchanges remain high, indicating liquidity for large trades. Source: CryptoQuant

交易所的Stablecoin储备仍然很高，表明大型交易的流动性。资料来源：加密

While BTC's outflows from Coinbase indicate strong institutional interest, the negative metrics in the derivatives market and rising RSI suggest short-term caution.

尽管BTC从Coinbase中流出表明了强烈的机构兴趣，但衍生品市场和RSI上升的负指标表明了短期谨慎。

Despite the ongoing volatility, the liquidity from stablecoins and continued institutional accumulation support Bitcoin's long-term bullish outlook.

尽管有持续的波动性，但斯塔布莱币的流动性和持续的机构积累支持比特币的长期看涨前景。

However, short-term price fluctuations are likely to persist until a clearer market direction emerges.

但是，直到出现更清晰的市场方向之前，短期价格波动可能会持续存在。