100-1,000 BTC钱包在广泛销售中积累

这种见解来自对比特币的链链数据的检查，从而详细介绍了数字资产如何在其多样化的投资者基础之间重新分配。

Amidst widespread selling pressure across the cryptocurrency market, a surprising trend has emerged: a consistent buildup of Bitcoin (BTC) by addresses holding 100–1,000 BTC.

在整个加密货币市场的广泛销售压力中，出现了令人惊讶的趋势：持有100-1,000 BTC的地址始终如一地积累了比特币（BTC）。

This insight comes from an examination of Bitcoin’s on-chain data, offering a granular look at how the digital asset is being redistributed among its diverse investor base.

这种见解来自对比特币的链链数据的检查，从而详细介绍了数字资产如何在其多样化的投资者基础之间重新分配。

Examining the Accumulation Trend – Heatmap Cohort, which tracks net changes across various address ranges over a 60-day period, reveals a consistent pattern of accumulation solely from the Dolphin cohort throughout 2025. This group, potentially encompassing companies, investment funds, or experienced long-term holders, seems to be incrementally adding to their Bitcoin positions.

检查累积趋势 - 在60天内跟踪各种地址范围内的净变化的HeatMap队列，显示了整个2025年的海豚队列的一致累积模式。该群体，可能包括公司，投资基金或经验丰富的长期持有者，似乎会逐渐增加其比特币位置。

Chart of the Accumulation Trend – Heatmap Cohort over 60 days. Source: Wedson

累积趋势图表 - 热图队列60天内。资料来源：韦德森

A significant wave of BTC inflows into these addresses coincided with the peak of Bitcoin’s euphoric rally in April 2021. A similar pattern, marked by substantial inflows, was observed in December 2024. Despite lighter accumulation in 2021, Bitcoin reached new all-time highs just a few months later, suggesting a potentially similar scenario could be unfolding now.

BTC流入这些地址的一波浪潮与2021年4月比特币的欣喜集会的峰值相吻合。在2024年12月，观察到的类似模式以大量流入。尽管2021年在2021年的积累较轻，但比特币在以后的几个月后达到了新的历史高峰，这可能是一个潜在的类似的情况，现在可能会出现相似的情况。

In contrast to the Dolphins, addresses holding over 1,000 BTC, often referred to as “whales,” have been in a distribution phase. Since July 2024, these larger holders have reduced their balances by more than 546,000 BTC. Wedson notes a persistent trend of decreasing whale balances since Tesla’s significant BTC purchase in early 2021.

与海豚相比，持有1000多个BTC的地址（通常称为“鲸鱼”）处于分布阶段。自2024年7月以来，这些较大的持有人将其余额降低了546,000 BTC。韦德森（Wedson）指出，自特斯拉（Tesla）在2021年初购买BTC以来，鲸鱼余额降低了持续的趋势。

This observation sparks curiosity about potential behind-the-scenes movements or the increasing dominance of exchange wallets in top address rankings.

这种观察激发了人们对潜在的幕后运动的好奇心，或者在最高地址排名中的交换钱包的主导地位越来越大。

However, despite lighter accumulation in 2021 due to the Covid-19 pandemic, Bitcoin went on to hit new all-time highs within a few months. This suggests that even minimal accumulation by the Dolphin cohort could have a substantial impact on BTC’s price performance in the long run.

然而，尽管由于1921年，由于1921年的大流行，比特币在几个月内仍达到了新的历史高点。这表明，从长远来看，海豚队列的累积最少也会对BTC的价格绩效产生重大影响。

BTC is down 0.16% in the past hour.

在过去的一个小时中，BTC下降了0.16％。