比特币鲸鱼正在大量涌入，这看起来很像 2020 年反弹之前的情况

本周，现货比特币交易所交易基金流入量飙升超过 580%，一位分析师指出，鲸鱼正在以类似于 2020 年反弹前夕的速度买入比特币。

Retail and institutional investors piled into Bitcoin (BTC) products once again last week, driving inflows to hit their highest since March 2024.

散户和机构投资者上周再次涌入比特币（BTC）产品，推动资金流入达到 2024 年 3 月以来的最高水平。

According to data from ETFFlows, inflows into the 12 spot Bitcoin ETFs reached a total of $2.13 billion over the past week, following six consecutive days of positive inflows.

ETFFlows的数据显示，在连续六天正流入之后，过去一周流入12只现货比特币ETF的资金总额达到21.3亿美元。

This marks the first time that weekly inflows into Bitcoin ETFs have surpassed the $2 billion mark since March 2024.

这标志着自 2024 年 3 月以来比特币 ETF 的每周资金流入首次超过 20 亿美元大关。

For context, it took gold ETFs several years to reach the $20 billion mark in net inflows, while Bitcoin products took less than a year, ETF Trends head of product development Dave Nadig noted in March.

就背景而言，ETF Trends 产品开发主管 Dave Nadig 在 3 月份指出，黄金 ETF 花了几年时间才达到 200 亿美元净流入大关，而比特币产品只用了不到一年的时间。

According to SoSoValue data, weekly inflows peaked on Oct. 14 with $555.86 million flowing into the ETFs, slowing down to reach $273.71 million by Oct. 18.

SoSoValue 数据显示，每周资金流入量在 10 月 14 日达到峰值，流入 ETF 的资金为 5.5586 亿美元，到 10 月 18 日放缓至 2.7371 亿美元。

None of the funds saw negative flows on the last trading day, with ARK 21Shares’ ARKB ETF leading the pack. Here’s how inflows were recorded for each fund:

在最后一个交易日，没有一只基金出现负流，其中 ARK 21Shares 的 ARKB ETF 表现最好。以下是每只基金的资金流入记录：

The uptick in institutional demand for Bitcoin exposure comes as the flagship crypto continues to trade above the $68K mark and is closing in on its all-time high.

随着旗舰加密货币的交易价格继续高于 6.8 万美元大关并接近历史新高，机构对比特币敞口的需求有所上升。

Meanwhile, data from CryptoQuant shows that whales might be preparing for another round of accumulation, which could be a sign of an upcoming rally.

与此同时，来自 CryptoQuant 的数据显示，鲸鱼可能正在为另一轮吸筹做准备，这可能是即将到来的反弹的迹象。

According to CryptoQuant author Woominkyu on X, the Bitcoin whale ratio on spot exchanges "looks a lot like July 2020."

根据 CryptoQuant 作者 Woominkyu 在 X 上的说法，现货交易所的比特币鲸鱼比率“看起来很像 2020 年 7 月”。

"After the COVID crash, the last time the whale spot exchange BTC balance went up this much, an interesting rally took off," the author noted.

作者指出：“在新冠疫情暴跌之后，鲸鱼现货交易所的 BTC 余额上次上涨了这么多，引发了一场有趣的反弹。”

Ki-Young Ju, another analyst and CryptoQuant CEO, observed a similar accumulation pattern among newer whales.

另一位分析师兼 CryptoQuant 首席执行官 Ki-Young Ju 在新鲸鱼中观察到了类似的积累模式。

"New whale wallets (average coin age: <155 days) now hold 1.97M #Bitcoin. Each has over 1K BTC, excluding exchange and miner wallets (likely custodial)," Ju wrote in an Oct. 16 X post.

Ju 在 10 月 16 日的帖子中写道：“新的鲸鱼钱包（平均币龄：<155 天）现在持有 197 万个 #Bitcoin。每个钱包都有超过 1K BTC，不包括交易所和矿工钱包（可能是托管钱包）。”

"Their BTC balance surged 813% year-to-date, taking up 9.3% of the total supply (about 21.9M BTC), valued at $132B today."

“今年迄今为止，他们的 BTC 余额飙升了 813%，占总供应量（约 2190 万个 BTC）的 9.3%，今天价值 132B 美元。”

Whales are often referred to as "smart money" as they tend to buy during market dips and hold through the ups and downs, using their deep pockets and strategic timing to make calculated moves.

鲸鱼通常被称为“聪明的钱”，因为他们倾向于在市场下跌时买入，并在涨跌中持有，利用其雄厚的财力和战略时机来采取有计划的行动。

Their actions can often signal where the market might be heading next, as they usually position themselves ahead of big price shifts.

他们的行为通常可以预示市场下一步可能走向何方，因为他们通常会在价格大幅波动之前就做好定位。

While the uptick in whale accumulation has sparked hopes of an upcoming rally, several market analysts are also expecting the bellwether to reach a new all-time high soon.

尽管鲸鱼积累的增加引发了即将到来的反弹的希望，但一些市场分析师也预计领头羊很快将创下历史新高。

The upcoming U.S. presidential elections are seen as a potential catalyst for Bitcoin’s rally.

即将到来的美国总统选举被视为比特币上涨的潜在催化剂。

Pseudonymous trader Crypto Raven pointed out that polls are showing increasing odds for Republican candidate Donald Trump winning the November elections, which could be just the push BTC needs to hit new highs.

匿名交易员 Crypto Raven 指出，民调显示共和党候选人唐纳德·特朗普赢得 11 月大选的可能性越来越大，这可能正是 BTC 创下新高所需的推动力。

"If everything goes this smooth, we could aim for the moon," Raven added.

“如果一切顺利的话，我们可以瞄准月球，”雷文补充道。

On a more bullish note, Bitwise CIO Matt Hougan predicts Bitcoin will hit six figures, driven not just by the upcoming elections, but also by a surge in institutional demand and other macroeconomic factors.

从更乐观的角度来看，Bitwise 首席信息官 Matt Hougan 预测，比特币将达到六位数，这不仅受到即将到来的选举的推动，还受到机构需求激增和其他宏观经济因素的推动。

At press time, the flagship cryptocurrency is trading at $68,280, up 8.5% over the past week.

截至发稿时，旗舰加密货币的交易价格为 68,280 美元，较过去一周上涨 8.5%。