Crypto Market Rebounds After Prolonged Sell-Off

加密货币市场在长期抛售后反弹

After eight days of relentless selling, the crypto market has experienced a momentary respite. Amidst an overwhelming deluge of negative news and market sentiment, a long-awaited rebound has emerged.

经过八天的无情抛售后，加密货币市场经历了短暂的喘息。在铺天盖地的负面消息和市场情绪中，期待已久的反弹出现了。

Whales Invest Heavily in Shiba Inu and Pepe Coin

鲸鱼大量投资柴犬和佩佩币

Against this backdrop, significant on-chain activity has been observed involving Shiba Inu (SHIB) and Pepe Coin (PEPE). Within the past 14 hours, two major crypto whales have deposited a combined $25.95 million worth of these tokens onto Binance, as reported by Spot On Chain.

在此背景下，观察到涉及柴犬（SHIB）和佩佩币（PEPE）的重大链上活动。据 Spot On Chain 报道，在过去 14 小时内，两大加密巨头已将价值总计 2595 万美元的代币存入币安。

Shiba Inu Whale Accumulation

柴犬鲸鱼聚集

Whale "0x42a" transferred a staggering 1.088 trillion SHIB, valued at $18.12 million. An analysis of the whale's activity suggests an accumulation period during November and December 2023, coinciding with the market bottom. It is estimated that the whale has profited by $8 million, representing a substantial 79% gain.

鲸鱼“0x42a”转移了惊人的 1.088 万亿个 SHIB，价值 1812 万美元。对鲸鱼活动的分析表明，2023 年 11 月和 12 月是一个积累期，与市场底部一致。据估计，鲸鱼已获利800万美元，涨幅高达79%。

Pepe Coin Deposits

佩佩硬币存款

In another noteworthy transaction, whale "0x837" deposited 700 billion PEPE to Binance, equivalent to $7.83 million, approximately three hours ago. Currently, this whale holds another 800 billion PEPE, valued at $9.22 million. However, this entity faces an estimated total loss of $3.47 million, representing a 15% decline.

在另一笔值得注意的交易中，大约三小时前，鲸鱼“0x837”向币安存入了 7000 亿个 PEPE，相当于 783 万美元。目前，这头鲸鱼还持有 8000 亿个 PEPE，价值 922 万美元。然而，该实体预计总亏损为 347 万美元，下降 15%。

Implications for Market Direction

对市场方向的影响

While large deposits to Binance may not necessarily indicate bullish sentiment, the next few days will be crucial in determining the direction of the crypto market. The question remains: has the worst of the sell-off passed?

虽然币安的大量存款不一定表明看涨情绪，但未来几天对于确定加密货币市场的方向至关重要。问题仍然是：最糟糕的抛售已经过去了吗？