新的比特币鲸正在参与著名的获利

链上数据表明，比特币短期持有人鲸鱼的利润明显高于此次集会中的钻石手。

On-chain data shows the Bitcoin short-term holder whales have been taking significantly more profits than the diamond hands in this rally.

链上数据表明，比特币短期持有人鲸鱼的利润明显高于此次集会中的钻石手。

The cryptocurrency market has seen its fair share of volatility in recent times, with prices swinging wildly as investors react to various events. One way to analyze this activity is by looking at the profit (or loss) that traders realize when they sell their coins at a higher price than they bought them at.

加密货币市场近来已经看到了其相当多的波动性，随着投资者对各种事件的反应，价格急剧下跌。分析这项活动的一种方法是查看交易者以比他们购买的更高的价格出售硬币时意识到的利润（或损失）。

Recently, both the short-term holders (STHs) and long-term holders (LTHs) have participated in some profit-taking, according to CryptoQuant author Axel Adler Jr..

最近，据加密作家Axel Adler Jr表示，短期持有人（STH）和长期持有人（LTHS）都参加了一些盈利。

STHs and LTHs are two broad divisions of the BTC network done on the basis of holding time, with the cutoff between them being 155 days. Similarly, ‘whales’ are also a classification of the asset’s investors, but in this case, the criterion is holding balance. More particularly, whales are defined as holders with more than 1,000 BTC. As such, the STH and LTH whales would refer to the big-money members of the STH and LTH groups, respectively.

STH和LTH是BTC网络的两个广泛分区，基于持有时间，它们之间的截止时间为155天。同样，“鲸鱼”也是资产投资者的分类，但是在这种情况下，标准正在保持余额。尤其是，鲸鱼被定义为拥有1,000多个BTC的持有人。因此，STH和LTH鲸鱼将分别指STH和LTH组的大型成员。

Now, here is the chart shared by the analyst that shows the trend in the total amount of profit realized by these groups during the past few months:

现在，这是分析师共享的图表，该图表显示了过去几个月这些群体实现的利润总数的趋势：

As displayed in the above graph, both of the groups have participated in some degree of profit-taking. Still, clearly, the new whales who got into the market in the past five months have been the ones making up for the majority of this selling.

如上图所示，两个小组都参加了一定程度的利润。尽管如此，显然，在过去五个月中进入市场的新鲸鱼还是弥补了大部分销售的鲸鱼。

This trend is different from how it was in January, when the profit realization was more balanced across these cohorts.

这种趋势与1月份的情况不同，当时利润实现在这些同类人群中更加平衡。

Historically, the STHs have tended to be more sensitive to market events and react accordingly, while the LTHs have shown more resilience and tend to hold onto their coins for the long term. So, the whales falling to the temptation of profit-taking in the recent rally may not be too surprising.

从历史上看，STH倾向于对市场事件更加敏感并做出相应的反应，而LTHS表现出更大的弹性，并且长期倾向于坚持其硬币。因此，在最近的集会中，鲸鱼陷入了获利的诱惑可能并不太奇怪。

That said, so far, the profit-selling in the market hasn’t yet reached the same highs as in January.

就是说，到目前为止，市场上的盈利销售尚未达到与一月份相同的高点。

The whales represent a broad group that can be divided further into the regular-sized whales (1,000 to 10,000 BTC) and ‘mega’ whales (10,000+ BTC). According to data from the on-chain analytics firm Glassnode, the two groups haven’t been showing consistent behavior recently.

鲸鱼代表一个可以进一步分为常规鲸鱼（1,000至10,000 BTC）和“ Mega”鲸鱼（10,000+ BTC）的广泛组。根据链分析公司玻璃节的数据，最近两组尚未显示出一致的行为。

Here is a chart from the firm showing the Bitcoin Accumulation Trend Score for the two major whale cohorts over the past year:

这是该公司的图表，显示了过去一年的两个主要鲸鱼队列的比特币累积趋势得分：

As is visible in the above chart, the Bitcoin Accumulation Trend Score, an indicator that tells us about whether the investors are accumulating or distributing their coins, has been closely related to 1 for the whales recently, a sign that these large entities have been displaying strong accumulation.

正如上图中可见的那样，比特币累积趋势得分（告诉我们投资者是否正在积累或分配硬币）最近与鲸鱼的1密切相关的指标，这一迹象表明这些大实体已经表现出强大的积累。

The smaller cohorts have also been displaying a similar behavior, but the mega whales have diverged from the rest as they have taken to distribution instead.

较小的队列也表现出类似的行为，但是巨型鲸鱼因其分配而与其他行为差异。

BTC Price

BTC价格

At the time of writing, Bitcoin is trading at the $109,800 price point, showing a 6% gain over the last seven days.

在撰写本文时，比特币的交易价格为109,800美元，显示过去七天增长了6％。