On-Chain Kuongorora kweBitcoin: Zvinoratidza Chii NezveHove?

Mumunda inochinja ye cryptocurrency, Bitcoin ichiri mambo asina kupikiswa. Asi pasi pemashoko emutengo uye kukurudzira kwemusika kune ch treasure trove yedata iri kumirira kuvhurwa—on-chain analysis. Chishandiso chakasimba ichi chinotibvumira kutarisa zvakananga mu blockchain, chichiratidza maitiro uye zvinangwa zvevatambi vakuru, kunyanya avo vanonzi “whales.” Aya

vagari vakuru veBitcoin vanogona kushandura misika nechiito chimwe chete, uye kunzwisisa zvaunoita kunogona kuva mutsauko pakati pekusimuka kwemari kana kupinda mukudonha.

Sezvatinopinda mugore ra2025, neBitcoin ichitenderera pa$112,000 pakati pemaitiro anochinja, basa revhales harina kumbobvira rakakosha zvakadaro. PaExbix, musika wedu we cryptocurrency, tinopa masimba vatengesi kuti vasakanganwe ingotora kune izvi kufamba asi kutarisira kwazvo. Kungave uri kutsvaga kutengesa BTC/USDT pane yedu inonzwisisika dashboard kana kuongorora mikana ye staking kuti uwedzere zvinhu zvako. pasively, kunzwisisa metrics ari pa-chain kwakakosha. Mune gwaro iri rakazara, tichakurukura kuti chii chinonzi on-chain analysis, ndiani makuru, zviratidzo zvikuru zvavanoita, maitiro echinyakare, maitiro aripo kusvika muna Nyamavhuvhu 2025, uye kuti unogona sei kushandisa ruzivo urwu pamapuratifomu akadai se Exbix.

Chii chinonzi On-Chain Analysis?

On-chain analysis inonyanya kuongorora data rakanyorwa zvakananga pa blockchain. Kusiyana nemisika yechinyakare yemari uko kwakawanda kwekuita kunoitika kunze kweledger, chimiro cheBitcoin chinoratidzika chinoreva kuti kutengeswa kwega kwega, chiyero chemari, uye kutamiswa kunogona kuongororwa pachena. Data iri rinopa maonero pamusoro pekudiwa nekupa. dynamics, mufambiro wevatengesi, uye kufamba kwemutengo kunogona kuitika pasina kutendera chete nhau dzinofungidzirwa kana machati ehunyanzvi.

Funga nezvazvo sekuferefeta kweaccounting kwecrypto. Zvigadzirwa zvakaita seGlassnode, CryptoQuant, uye IntoTheBlock zvinounganidza dhata iyi kuita metrics inoratidza maitiro. Semuenzaniso, kutevera huwandu hwemadressi dzinoshanda kana huwandu hwekutengeserana kunogona kuratidza kukura kwekugamuchirwa kana kuvhuvhwa kwekutengesa. Muna 2025, nekupinda kwevemasangano pakakwirira kwenguva dzose—nekuda kweETFs uye kujeka kwemitemo—data repa-chain rave rakanyanya kugadzirwa, richisanganisira fungidziro dzinotungamirwa neAI uye maalerti panguva chaiyo.

Sei izvi zvakakosha kuBitcoin chaizvo? Blockchain yeBitcoin ndiyo yekare uye inonyatsoongororwa, ichiita kuti ive chibhorani chevanongorora. Metrics sezvine zvakakosha, chiyero chekubudirira kwekushandisa (SOPR), uye avhareji yenguva yemari inobatsira kuyera kana varidzi vachitora purofiti kana kumirira zvakawanda. Asi nyeredzi chaiyo dzechiratidziro ndidzo hove huru—izvi zvivako zvisinganzwisisike izvo mafambiro adzo anogona kutendeutsa chiyero.

Ndiani Bitcoin Whales?

Bitcoin whales ndiwo vanhu kana masangano ane huwandu hukuru hweBTC, kazhinji 1,000 BTC kana kupfuura (kureva kupfuura $112 miriyoni pamitengo yazvino). Vangave vari kutanga kutora, vatengesi vezvemari vakaita seMicroStrategy, kana kuti kunyange hurumende dzichiny quietly kuunganidza mari. Muna 2025, takaona shanduko: makuru ikozvino anosanganisira vanopa ETF uye mahedge fund, achiwedzera matanho ekuoma mukuita kwavo.

Makuru haasi kungova vanochengeta; ivo vatambi vane zano. Ivo mabasa—kazhinji ari mumazana emamiriyoni—anogona kugadzira mafashamo pamisika. Semuenzaniso, nyoka inotumira mari huru kumusika inogona kuratidza chido chekuti itengese, ichiwedzera kuwanikwa uye pamwe ichikonzera kuderera kwemutengo. Nekudaro, kubvisa kuenda kukuchengetedza kwechando kunoratidza kuchengetedza kwenguva refu, kuchideredza kuwanikwa uye kutsigira kusimudzira kwemutengo.

Pamapuratifomu akadai seExbix, kutevedza chiitiko chehumpfumi kunogona kukubatsira pakutora zvisarudzo zvekutengesa. Kana uchiona mukana wekuvhara kwehumpfumi, unogona kudzivirira nekutengesa BTC/USDT mapairi. Kana, kana kuunganidzwa kuchiratidza, funga nezve kugadzirisa zvinhu zvako zveBTC kuwana mari inogara ichiuya uchimirira kuti bhiza ripinze.

Maitiro Akakosha eOn-Chain Ekutevera Whales

Kuti tinzwisise zvinoratidzwa newhales, tinovimba nemaitiro akati wandei akakosha. Ngatiparadzanisei, tichishandisa maonero chaiwo e2025.

1. Nhamba dzeWhale Wallet uye Kuunganidzwa Trends

Chimwe chezvinhu zvakakosha chiyero chiri nhamba yemaadresi anobata 1,000+ BTC. MuQ1 2025, boka iri rakakura ne5%, richiratidza kuvimba pakati pekusagadzikana. Zvishandiso seCryptoQuant zvinotevera “kuunganidzwa kwehove huru,” uko kuwedzera kwemawallet aya kazhinji kunotungamira kumakwikwi. Semuenzaniso, kana maadresi ehove huru akakwira panguva iyo mitengo iri kuderera, zvinoratidza kuti vari kutenga panzvimbo yepasi—izvi zvinoratidza kutenda. sign.

Muna Nyamavhuvhu 2025, data iri pa-chain inoratidza kuti makuru ari kuunganidza kunyangwe Bitcoin yakaderera pasi pe $111,000, nemumwe munhu achiwedzera 455 BTC inotora $50.75 miriyoni mumahora makumi maviri chete. Izvi zvinopesana nevatengesi vechikamu, zvichigadzira chimiro chekugovera uko vatambi vakakura vachitora mari kubva kumawoko madiki.

2. Kuenda uye Kudzoka kweMabhanga

Kuwanda kukuru kwekuenda kumabhanga ku michinjiko akadai seBinance kana Exbix kazhinji anoratidza chido chekugadzira, sezvo mawhale achigadzirira kutengesa. Zvisinei, kubuda kwemari kunoratidza HODLing. Muna Chikunguru 2025, kubuda kwemari kubva kumawallet anopisa (semuenzaniso, Revolut, Bybit) kuenda kumasaja akachengetedzwa kwakakwira kusvika pamwero wepamusoro, ne mawhale achiwedzera zvakanyanya. Izvi zvakaderedza huwandu hwezvinhu zviri kutenderera, zvichibatsira BTC kuti ibude kubva pamadhora $103,000.

Pana Exbix, unogona kutarisa mafambiro akafanana kuburikidza needu dashboard. Kana kuwedzera kwekupinda kuchikura, kungave kwechinguva chekuti chengetedzai nzvimbo dzenyu kuburikidza ne staking kuti kudzivirira kuchinja kwechinguva chishoma.

3. Huwandu hweMaitiro uye Saizi

Maitiro ane kukosha kwakanyanya (kupfuura $10 miriyoni) ndiwo maoko evhiri. Muna 2025, avhareji yemaitiro akakura, ichiratidza kuwedzera kwek participation kwehumpu. Kana izvi zvikakomberedza munzvimbo dzemutengo dzakaderera, zvinoratidza kuunganidzwa; pakukwirira, kugoverwa.

Dhata ichangobva kubva kuSantiment inoratidza humpu "ichipinda muupenyu" sezvo BTC yasvika pamahighs emhistorical, nemafambiro makuru achiratidza chimiro chakasiyana chekuwedzera kwemari. Kune vatengesi pa Exbix, kuona izvi kuburikidza neanobatanidzwa analytics anogona kutungamira kupinda pa BTC/USDT.

4. Profit/Loss Yakaitwa uye SOPR

The Spent Output Profit Ratio (SOPR) inoyera kana mari dzakatengeswa nemari (pamusoro pe1) kana kurasikirwa (pasi pe1). Whales dzichikurudzira SOPR kupfuura 1 panguva dzekusimudzira kazhinji zvinoratidza kupfuura, sezvo vachitora purofiti. Mukutanga kwa2025, SOPR yakasvika pedyo ne1 kune makuhwa panguva ye $124,200 peak, ichitungamira kumashure.

5. HODL Mafungu uye Mari Yekare

HODL mafungu anoratidza nguva iyo mari yave isina kushandiswa. Mari dzakare (dzakabatwa >1 gore) dzinoratidza kutenda kwakasimba. Mu2025, vanochengeta kwenguva refu (LTHs) vanoramba vachivimba pa $110K+, pamwe nemaitiro ekuchengetedza njodzi kuratidza njodzi-inobatsira. Kana mabhiza akatanga kufambisa mari dzekare, zvinogona kuratidza kuchinja.

Zviyero zvekare se min_retweets kana min_faves kubva muongororo yemagariro zvinobatanidzwa, asi pa-chain inoramba iri yepamusoro.

Maitiro eMunguva Yakapfuura: Zvidzidzo kubva kuKufamba kweMabhiza

Nhoroondo yakazara nezviitiko zvinotungamirwa nemabhiza. Mukukwira kwe2017, mabhiza akawandisa pasi $10,000, zvichitevera pakukwira, zvakaoma kuwedzera kudonha. Tichifambira mberi kusvika 2021: kutengwa kweTesla kwemadhora $1.5 bhiriyoni (kufamba kwemhuka huru) kwakakonzera kuwedzera, asi kutengesa kwakatevera kwakabatsira mukudonha kwemusika.

Muna 2024-2025, mhuka huru dzemakambani seBlackRock’s ETFs dzakatungamira. Q1 2025 yakaona kukwirira kwech historic uye kusagadzikana, nemhuka huru dzichifamba mukupfuura mitemo. Muenzaniso unokosha: Muna March 2025, hove yakatengesa 300.9 BTC nemari inodarika $24.82 miriyoni, ichikonzera kudonha kwechinguva.

Mapatani aya anotidzidzisa kuti hove dzinowanzoshanda sevanopikisa—kutenga pakuzeza, kutengesa pakuvara. PaExbix, kushandisa izvi zvinoreva kushandisa maturusi edu kuti tengese panguva idzi.

Maitiro Azvino mu2025: Ndeapi Mhuka Dzakakura Dzinoratidza Zvino?

Sezvo musi waAugust 26, 2025, Bitcoin iri kutengeswa pa ~$112,000, kubva pamakwenzi e $124,200. Dhata repamusoro rinoratidza mufananidzo wakasanganiswa: Chikamu chese, kusanganisira mhuka huru, chiri kutengesa, nemutemo uri pedyo ne1. Zvisinei, kuunganidzwa kuri kuramba kuchiitika—semuenzaniso, mhuka bc1qgf iri kuwedzera 455 BTC.

Kuchinja kwakakosha: Mhuka huru dziri kutamisa kubva kuBTC kuenda ku ETH, ichikurudzira mberi momentum yeETH uye ichimanikidza BTC. MaETF eEthereum uye mafambiro ealtcoin (DePIN, tokenization) ari kukwezva mari, neLINK iri pasi pekutarisa kwehove huru. Manzwiro ari kutaridzika nekuchenjera—Fear & Greed iri pa47—asi kusava nemashoko kubva kuhove huru kunoratidza kutonhora kwekudonha. Retail iri kutengesa, hove huru dziri kutenga: Vane mari vanotakura pakati pe0.85-0.9 intensity. Iyi kugovera kunonzwisisa 2021, kungangodaro kuchigadzira nzvimbo yechikamu chepamusoro mu2026.

Zviyero zveMacro zvinotamba: Mitemo yeTariff uye njodzi dzequantum dzinowedzera njodzi. Kune vashandisi veExbix, izvi zvinoreva kuwedzera—stake ETH kana alts panguva yekutarisa BTC.

Zvakadzama: Kuparadzirwa Kwepamusoro kweOn-Chain uye Off-Chain Factors

Chidzidzo che2025 chinoratidza kuti maonero ari pa-chain (mabhegi anoshanda, mari) uye maonero ari kunze kwechain (kugadzirisa, manzwiro) anobatana. Makuru anowedzera izvi: Kutengesa kwavo kunogona kukonzera kudzikiswa kwekushandisa, sezvakaonekwa munaApril 2025 nechinangwa che $106M ETH.

AI modhi dzeToken Metrics dzinosanganisira zviito zvevhuve (whales) pakufanotaura, dzichifungidzira maitiro emakore mazhinji. Zviratidzo zvakakosha se data ye blockchain-native anopa miganhu.

Zvishandiso zveOn-Chain Kuongorora mu2025

Simudzira iwe pachako ne:

• CryptoQuant: Zvakakosha pakufamba kwehove.
• Glassnode: Kuongorora kwakadzama mumisika yechikamu.
• Santiment: Social uye on-chain hybrid.

Pa Exbix, yedu yakabatanidzwa analytics inoratidza izvi, ichikubatsira kutengesa nekunzwisisa kwakavakirwa pamashoko.

Njodzi uye Zvinotarisirwa

Whales vanogona kutungamira kuburikidza nemadhiri kana mutemo. Gara uchidzidza—on-chain haina kukanganisika. Mukudonha mashoko, akadai sekuwedzera kwe$102K, kuisa mari paExbix kunopa kugadzikana.

Tarisiro yeRamangwana: Ko Makuru Achakonzera Chikamu Chitsva?

Fungidziro dzinoratidza kupfuura kwe2025-2026, nemakuru ari pamwoyo. Kana kuunganidzwa kuchiramba kuchienderera mberi, BTC inogona kuyedza $150K. Asi kutenderera kuETH kunoratidza diversification.

Mhedziso

On-chain kuongorora kunosvitsa pachena zvemahombekombe, kuchinja zviratidzo zvavo kuita mazano anobatsira. PaExbix, takazvipira kupa maturusi— kubva madhashibhodhi ekutengesa epamusoro kuenda kuchengetedzwa kwe staking—kubatsira iwe kufamba munzira iyi. Pinda pa Exbix.com uye ugare pamberi pemahwindo.