<p>比特币 [BTC] 从其 86000 美元的下跌中反弹，涨至 89497 美元的局部高点后略微回落。截至发稿时，BTC 交易价格为 89008 美元，日内上涨 0.93%。</p>
<p>随着比特币成功守住 88000 美元，市场向所有参与者发出了情绪逐渐转变的信号。</p>
<h2>比特币鲸鱼增持 8900 万美元的 BTC</h2>
<p>比特币在长期移动均线下方的持续停留为投资者，包括鲸鱼，创造了一个完美的买入窗口。</p>
<p>事实上，大型机构将这一市场下滑视为以折扣价购买比特币的机会。</p>
<p>根据 Onchain Lens 的数据，一位鲸鱼从 OKX 购买了 1000 BTC，价值 8920 万美元，分两批各 500 BTC。这位鲸鱼在更广泛的熊市结构中增持的举动表明了看涨情绪。</p>
<p>有趣的是，这一鲸鱼案例并非孤立，市场上的买入活动似乎正在恢复。</p>
<p>根据 CW 的数据，Binance 和 OKX 上的投资者增加了 BTC 的购买活动。在这些交易所，买家的数量显著超过了卖家，无论是在现货市场还是永续市场。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/btc-netflow.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/btc-netflow.png"/></p>
<p>来源：CoinGlass</p>
<p>此外，比特币的交易所净流量在连续两天保持正值后转为负值。截至发稿时，现货净流量约为 4100 万美元，表明流出增加，超过 25.5 亿美元流出交易所。</p>
<p>通常，较高的流出和负净流量表明买家主导了市场，取代了卖家。</p>
<h2>美国投资者拖累市场</h2>
<p>尽管 Binance 和 OKX 上的需求发出了恢复的信号，但美国投资者仍然保持看跌，Coinbase 记录了增加的卖压。</p>
<p>因此，BTC 的下行压力来自 Coinbase，因为美国鲸鱼和散户在任何小幅上涨时继续卖出。这一点在负的 Coinbase 溢价指数中得到了进一步证实。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/Bitcoin-Coinbase-Premium-Gap-scaled.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/Bitcoin-Coinbase-Premium-Gap-scaled.png"/></p>
<p>来源：CryptoQuant</p>
<p>事实上，该指数在过去 30 天内大部分时间保持负值，仅在两次记录了正值。</p>
<p>此外，美国现货 ETF 在过去七天内仅记录了一次净流入。在 1 月 27 日，比特币 ETF 记录了超过 1.473 亿美元的净流出。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/btc-spot-etfs.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/btc-spot-etfs.jpeg"/></p>
<p>来源：Sosovalue</p>
<p>疲软的 ETF 进一步表明，包括机构在内的美国投资者极为看跌，并积极在卖方市场中活动。这些市场条件进一步削弱了 BTC，使其面临更多潜在损失。</p>
<h2>BTC 处于十字路口</h2>
<p>比特币从 86000 美元的下滑中反弹，随着需求在 OKX 和 Binance 上略微回升，尤其是来自鲸鱼的需求。然而，BTC 未能维持任何显著的涨幅，因为 Coinbase 投资者对市场施加了压力。</p>
<p>比特币的相对强弱指数（RSI）证实了这一市场状况。该动量指标从三天前记录的 35 跃升至截至发稿时的 46。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/btc-rsi.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/btc-rsi.jpeg"/></p>
<p>来源：TradingView</p>
<p>尽管 RSI 达到了这些水平，但仍处于看跌区间，表明买家的尝试不足以触发看涨反转。这两种相互矛盾的力量使 BTC 处于十字路口。</p>
<p>因此，要实现看涨反转，Binance 和 OKX 的买家必须压倒 Coinbase 的卖压。这样，比特币将根据未来大趋势指标重新夺回 93197 美元。</p>
<p>相反，当前市场条件的持续将使 BTC 在 88000 美元至 90000 美元区间内交易，86000 美元为关键支撑位。</p>
<hr/>
<h2>最终思考</h2>
<ul>
<li><em>一位比特币鲸鱼购买了 1000 BTC，价值 8920 万美元，随着需求在 Binance 和 OKX 上发出恢复信号</em></li>
<li><em>比特币继续面临来自 Coinbase 投资者的强大下行压力，ETF 记录了 1.47 亿美元的流出。</em></li>
</ul>

EZBC

IBIT

<p>比特币从 86000 美元的低点反弹至 89497 美元的局部高点，目前交易价格为 89008 美元。一位鲸鱼投资者购买了价值 8920 万美元的 1000 个比特币，尽管整体市场偏向看跌，但这表明了看涨情绪。在币安和 OKX 上买入活动增加，与美国投资者在 Coinbase 上的卖出压力形成对比，导致 Coinbase 溢价指数为负。比特币的相对强弱指数（RSI）显示出看涨反转的买入动能不足，使得比特币处于十字路口，交易区间在 88000 美元到 90000 美元之间，86000 美元为关键支撑位</p>

<p>Bitcoin [BTC] rebounded from its $86k dip, rising to a local high of $89,497 before slightly retracing. At press time, BTCtraded at $89,008, slightly up by 0.93% on the daily charts.</p>
<div class="lb-trans"><p>比特币 [BTC] 从其 86000 美元的下跌中反弹，涨至 89497 美元的局部高点后略微回落。截至发稿时，BTC 交易价格为 89008 美元，日内上涨 0.93%。</p>
</div><p>With Bitcoin successfully defending $88k, the market signaled a gradual shift in sentiment across all participants.</p>
<div class="lb-trans"><p>随着比特币成功守住 88000 美元，市场向所有参与者发出了情绪逐渐转变的信号。</p>
</div><h2>Bitcoin whale adds $89 million BTC</h2>
<div class="lb-trans"><h2>比特币鲸鱼增持 8900 万美元的 BTC</h2>
</div><p>Bitcoin’s prolonged stay below its long-term moving averages has created a perfect buying window for investors, including whales.</p>
<div class="lb-trans"><p>比特币在长期移动均线下方的持续停留为投资者，包括鲸鱼，创造了一个完美的买入窗口。</p>
</div><p>In fact, large entities have taken this market slip as an opportunity to buy Bitcoin at a discount.</p>
<div class="lb-trans"><p>事实上，大型机构将这一市场下滑视为以折扣价购买比特币的机会。</p>
</div><p>According to Onchain Lens, a whale purchased 1,000 BTC, worth $89.2 million, from OKX in two 500 BTC batches. The whale’s move to pile up during a broader bearish market structure indicated bullish sentiment.</p>
<div class="lb-trans"><p>根据 Onchain Lens 的数据，一位鲸鱼从 OKX 购买了 1000 BTC，价值 8920 万美元，分两批各 500 BTC。这位鲸鱼在更广泛的熊市结构中增持的举动表明了看涨情绪。</p>
</div><p>Interestingly, this whale case is not isolated, as buying activity seems to be recovering across the market.</p>
<div class="lb-trans"><p>有趣的是，这一鲸鱼案例并非孤立，市场上的买入活动似乎正在恢复。</p>
</div><p>According to CW, investors on Binance and OKX have increased their BTC buying activity. In these exchanges, buyers have outpaced sellers significantly, both on the Spot and on the perpetual markets.</p>
<div class="lb-trans"><p>根据 CW 的数据，Binance 和 OKX 上的投资者增加了 BTC 的购买活动。在这些交易所，买家的数量显著超过了卖家，无论是在现货市场还是永续市场。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/btc-netflow.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/01/btc-netflow.png"/></p>
<p>Source: CoinGlass</p>
<div class="lb-trans"><p>来源：CoinGlass</p>
</div><p>Also, Bitcoin’s exchange netflow turned negative after holding positive for two consecutive days. At press time, Spot Netflow held around $41 million, indicating increased outflows, with over $2.55 billion flowing out of exchanges.</p>
<div class="lb-trans"><p>此外，比特币的交易所净流量在连续两天保持正值后转为负值。截至发稿时，现货净流量约为 4100 万美元，表明流出增加，超过 25.5 亿美元流出交易所。</p>
</div><p>Usually, higher outflows and a negative Netflow suggest that buyers have dominated the market and displaced sellers.</p>
<div class="lb-trans"><p>通常，较高的流出和负净流量表明买家主导了市场，取代了卖家。</p>
</div><h2>U.S. investors hold the market back</h2>
<div class="lb-trans"><h2>美国投资者拖累市场</h2>
</div><p>Although demand on Binance and OKX has signaled recovery, U.S. investors have remained bearish, with Coinbase recording increased selling pressure.</p>
<div class="lb-trans"><p>尽管 Binance 和 OKX 上的需求发出了恢复的信号，但美国投资者仍然保持看跌，Coinbase 记录了增加的卖压。</p>
</div><p>Therefore, the downward pressure on BTC is coming from Coinbase, as U.S. whales and retail continue to sell on any slight gains. This is further evidenced by the negative Coinbase Premium Index.</p>
<div class="lb-trans"><p>因此，BTC 的下行压力来自 Coinbase，因为美国鲸鱼和散户在任何小幅上涨时继续卖出。这一点在负的 Coinbase 溢价指数中得到了进一步证实。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/Bitcoin-Coinbase-Premium-Gap-scaled.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/01/Bitcoin-Coinbase-Premium-Gap-scaled.png"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>来源：CryptoQuant</p>
</div><p>In fact, the index has remained largely negative, only recording a positive value twice in 30 days.</p>
<div class="lb-trans"><p>事实上，该指数在过去 30 天内大部分时间保持负值，仅在两次记录了正值。</p>
</div><p>Coupled with that, U.S. spot ETFs recorded net inflows only once over the past seven days. On the 27th of January, Bitcoin ETFs recorded net outflows of over $147.3 million.</p>
<div class="lb-trans"><p>此外，美国现货 ETF 在过去七天内仅记录了一次净流入。在 1 月 27 日，比特币 ETF 记录了超过 1.473 亿美元的净流出。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/btc-spot-etfs.jpeg" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/01/btc-spot-etfs.jpeg"/></p>
<p>Source: Sosovalue</p>
<div class="lb-trans"><p>来源：Sosovalue</p>
</div><p>Weakening ETFs further showed that U.S. investors, including institutions, were extremely bearish and active on the sell side. These market conditions additionally weaken BTC and leave it exposed to potentially more losses.</p>
<div class="lb-trans"><p>疲软的 ETF 进一步表明，包括机构在内的美国投资者极为看跌，并积极在卖方市场中活动。这些市场条件进一步削弱了 BTC，使其面临更多潜在损失。</p>
</div><h2>BTC at crossroads</h2>
<div class="lb-trans"><h2>BTC 处于十字路口</h2>
</div><p>Bitcoin bounced back from its $86k slip, as demand slightly rebounded on OKX and Binance, especially from whales. However, BTC failed to maintain any significant gains as Coinbase investors pressured through the market.</p>
<div class="lb-trans"><p>比特币从 86000 美元的下滑中反弹，随着需求在 OKX 和 Binance 上略微回升，尤其是来自鲸鱼的需求。然而，BTC 未能维持任何显著的涨幅，因为 Coinbase 投资者对市场施加了压力。</p>
</div><p>Bitcoin’s Relative Strength Index (RSI) evidenced this market condition. This momentum indicator jumped from 35 recorded three days ago to 46 at press time.</p>
<div class="lb-trans"><p>比特币的相对强弱指数（RSI）证实了这一市场状况。该动量指标从三天前记录的 35 跃升至截至发稿时的 46。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/btc-rsi.jpeg" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/01/btc-rsi.jpeg"/></p>
<p>Source: TradingView</p>
<div class="lb-trans"><p>来源：TradingView</p>
</div><p>Although the RSI reached these levels, it remained in the bearish zone, suggesting that buyers’ attempts were insufficient to trigger a bullish reversal. These two conflicting forces have left BTC at a crossroads.</p>
<div class="lb-trans"><p>尽管 RSI 达到了这些水平，但仍处于看跌区间，表明买家的尝试不足以触发看涨反转。这两种相互矛盾的力量使 BTC 处于十字路口。</p>
</div><p>Therefore, for a bullish reversal, Binance and OKX buyers must overwhelm Coinbase’s selling pressure. In doing so, Bitcoin will reclaim $93,197k, based on the Future Grand Trend Indicator.</p>
<div class="lb-trans"><p>因此，要实现看涨反转，Binance 和 OKX 的买家必须压倒 Coinbase 的卖压。这样，比特币将根据未来大趋势指标重新夺回 93197 美元。</p>
</div><p>Conversely, the continuity of the current market conditions will see BTC trade within the $88k-90k range, with $86k as key support.</p>
<div class="lb-trans"><p>相反，当前市场条件的持续将使 BTC 在 88000 美元至 90000 美元区间内交易，86000 美元为关键支撑位。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2>Final Thoughts</h2>
<div class="lb-trans"><h2>最终思考</h2>
</div><ul>
<li><em>A Bitcoin whale purchased 1,000 BTC, worth $89.2 million, as demand signaled recovery on Binance and OKX</em></li>
<li><em>Bitcoin has continued to face strong downward pressure from Coinbase investors, with ETFs recording $147 million in outflows.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>一位比特币鲸鱼购买了 1000 BTC，价值 8920 万美元，随着需求在 Binance 和 OKX 上发出恢复信号</em></li>
<li><em>比特币继续面临来自 Coinbase 投资者的强大下行压力，ETF 记录了 1.47 亿美元的流出。</em></li>
</ul>
</div>

Bitcoin: Can $89 mln in whale buys help BTC clear its recent losses?

- 比特币从 $86,000 反弹至 $89,497，现报 $89,008，日涨 0.93%。
- 大量鲸鱼在市场下滑中购买比特币，提升购买情绪。
- 美国投资者在 Coinbase 施加卖压，导致市场持续弱势。

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Bakkt

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CleanSpark

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比特币：鲸鱼买入的 8900 万美元能否帮助 BTC 弥补近期的损失？