{"id":1896,"date":"2025-12-21T20:16:10","date_gmt":"2025-12-21T17:16:10","guid":{"rendered":"https:\/\/iqx.io\/blog\/?p=1896"},"modified":"2025-12-21T21:52:54","modified_gmt":"2025-12-21T18:52:54","slug":"analysis-new-bitcoin-whales-rewrite-btc-s-market-structure","status":"publish","type":"post","link":"https:\/\/iqx.io\/blog\/analysis-new-bitcoin-whales-rewrite-btc-s-market-structure\/","title":{"rendered":"\u062d\u064a\u062a\u0627\u0646 \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u062a\u063a\u064a\u0651\u0631 \u0642\u0648\u0627\u0639\u062f \u0627\u0644\u0633\u0648\u0642 \u0628\u0635\u0645\u062a: \u062a\u062d\u0648\u0651\u0644 \u0647\u064a\u0643\u0644\u064a \u064a\u0639\u064a\u062f \u062a\u0634\u0643\u064a\u0644 \u062f\u0648\u0631\u0629 BTC"},"content":{"rendered":"<p>\u0646\u0642\u0644\u0627\u064b \u0639\u0646 \u0645\u0648\u0642\u0639 <a href=\"https:\/\/cointelegraph.com\/news\/new-bitcoin-whales-rewrite-btc-s-market-structure\" target=\"_blank\" rel=\"noopener\">cointelegraph<\/a>\u060c <span style=\"font-size: revert; color: initial;\">\u062a\u0634\u064a\u0631 \u0628\u064a\u0627\u0646\u0627\u062a \u0633\u0644\u0633\u0644\u0629 \u0643\u062a\u0644 \u0628\u064a\u062a\u0643\u0648\u064a\u0646 (BTC) \u0625\u0644\u0649 \u0623\u0646 \u0627\u0644\u062f\u0648\u0631\u0629 \u0627\u0644\u062d\u0627\u0644\u064a\u0629 \u0644\u0627 \u062a\u062a\u062c\u0647 \u0646\u062d\u0648 \u0642\u0645\u0629 \u0623\u0648 \u0642\u0627\u0639 \u062a\u0642\u0644\u064a\u062f\u064a. <\/span><span style=\"font-size: revert; color: initial;\">\u0628\u0644 \u062a\u0639\u0643\u0633 <\/span><strong style=\"font-size: revert; color: initial;\" data-start=\"99\" data-end=\"118\" data-is-only-node=\"\">\u062a\u062d\u0648\u0651\u0644\u064b\u0627 \u0647\u064a\u0643\u0644\u064a\u064b\u0627<\/strong><span style=\"font-size: revert; color: initial;\"> \u0641\u064a \u0637\u0631\u064a\u0642\u0629 \u062f\u062e\u0648\u0644 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0625\u0644\u0649 \u0627\u0644\u0633\u0648\u0642.<\/span><\/p>\n<div class=\"flex flex-col text-sm pb-25\">\n<article class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" tabindex=\"-1\" data-turn-id=\"request-694596c2-89bc-8326-99be-cd5866d32f49-1\" data-testid=\"conversation-turn-14\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:--spacing(4)] @w-sm\/main:[--thread-content-margin:--spacing(6)] @w-lg\/main:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" tabindex=\"-1\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"6734debc-124d-41f0-a176-c4f246ce42f7\" data-message-model-slug=\"gpt-5-2\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[1px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light markdown-new-styling\">\n<p data-start=\"155\" data-end=\"175\"><strong data-start=\"155\" data-end=\"175\">\u0627\u0644\u0646\u0642\u0627\u0637 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629:<\/strong><\/p>\n<ul data-start=\"177\" data-end=\"446\" data-is-last-node=\"\" data-is-only-node=\"\">\n<li data-start=\"177\" data-end=\"298\">\n<p data-start=\"179\" data-end=\"298\">\u0646\u062d\u0648 50% \u0645\u0646 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0645\u064f\u062d\u0642\u0651\u064e\u0642 \u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u064a\u0639\u0648\u062f \u0627\u0644\u0622\u0646 \u0625\u0644\u0649 \u0627\u0644\u062d\u064a\u062a\u0627\u0646 \u0627\u0644\u062c\u062f\u064a\u062f\u0629\u060c \u0645\u0627 \u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u0625\u0639\u0627\u062f\u0629 \u0636\u0628\u0637 \u0641\u064a \u062a\u0643\u0644\u0641\u0629 \u0627\u0644\u0634\u0628\u0643\u0629.<\/p>\n<\/li>\n<li data-start=\"299\" data-end=\"386\">\n<p data-start=\"301\" data-end=\"386\">\u0627\u0631\u062a\u0641\u0639\u062a \u0625\u0645\u062f\u0627\u062f\u0627\u062a \u062d\u0627\u0645\u0644\u064a \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0642\u0635\u064a\u0631 (STH) \u0628\u0646\u062d\u0648 100 \u0623\u0644\u0641 \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u062e\u0644\u0627\u0644 30 \u064a\u0648\u0645\u064b\u0627.<\/p>\n<\/li>\n<li data-start=\"387\" data-end=\"446\" data-is-last-node=\"\">\n<p data-start=\"389\" data-end=\"446\" data-is-last-node=\"\">\u0647\u0630\u0627 \u0627\u0644\u0645\u0633\u062a\u0648\u0649 \u0647\u0648 \u0627\u0644\u0623\u0639\u0644\u0649 \u0639\u0644\u0649 \u0627\u0644\u0625\u0637\u0644\u0627\u0642\u060c \u0648\u064a\u0639\u0643\u0633 \u0637\u0644\u0628\u064b\u0627 \u0642\u0648\u064a\u064b\u0627.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"pointer-events-none h-px w-px absolute bottom-0\" aria-hidden=\"true\" data-edge=\"true\"><\/div>\n<h2>\u0627\u0644\u062d\u064a\u062a\u0627\u0646 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u062a\u0639\u064a\u062f \u0635\u064a\u0627\u063a\u0629 \u0642\u0627\u0639\u062f\u0629 \u062a\u0643\u0644\u0641\u0629 \u0628\u064a\u062a\u0643\u0648\u064a\u0646<\/h2>\n<div class=\"flex flex-col text-sm pb-25\">\n<article class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" tabindex=\"-1\" data-turn-id=\"request-694596c2-89bc-8326-99be-cd5866d32f49-2\" data-testid=\"conversation-turn-16\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:--spacing(4)] @w-sm\/main:[--thread-content-margin:--spacing(6)] @w-lg\/main:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" tabindex=\"-1\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"2f56ca76-f469-438c-b3fc-980e13f732c6\" data-message-model-slug=\"gpt-5-2\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[1px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light markdown-new-styling\">\n<p data-start=\"0\" data-end=\"151\">\u062a\u064f\u0638\u0647\u0631 \u0628\u064a\u0627\u0646\u0627\u062a <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">CryptoQuant<\/span><\/span> \u0623\u0646 \u0627\u0644\u0639\u0646\u0627\u0648\u064a\u0646 \u0627\u0644\u0645\u0635\u0646\u0651\u0641\u0629 \u0643\u0640 \u062d\u064a\u062a\u0627\u0646 \u062c\u062f\u064a\u062f\u0629 \u062a\u0645\u062b\u0644 \u062d\u0627\u0644\u064a\u064b\u0627 \u0646\u062d\u0648 50% \u0645\u0646 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0645\u064f\u062d\u0642\u0651\u064e\u0642 \u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646. \u0648\u064a\u0642\u064a\u0633 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0645\u064f\u062d\u0642\u0651\u064e\u0642 \u0642\u064a\u0645\u0629 \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0639\u0646\u062f \u0622\u062e\u0631 \u0633\u0639\u0631 \u062a\u062d\u0631\u0651\u0643\u062a \u0628\u0647 \u0643\u0644 \u0639\u0645\u0644\u0629.<br data-start=\"226\" data-end=\"229\" \/>\u0648\u0628\u0630\u0644\u0643\u060c \u064a\u0639\u0643\u0633 \u0647\u0630\u0627 \u0627\u0644\u062a\u062d\u0648\u0651\u0644 \u0646\u0642\u0627\u0637 \u062f\u062e\u0648\u0644 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0625\u0644\u0649 \u0627\u0644\u0634\u0628\u0643\u0629\u060c \u0644\u0627 \u0627\u0644\u062c\u0647\u0629 \u0627\u0644\u062a\u064a \u062a\u0645\u062a\u0644\u0643 \u0623\u0643\u0628\u0631 \u0639\u062f\u062f \u0645\u0646 \u0627\u0644\u0639\u0645\u0644\u0627\u062a.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"z-0 flex min-h-[46px] justify-start\"><\/div>\n<div class=\"mt-3 w-full empty:hidden\">\n<div class=\"text-center\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"pointer-events-none h-px w-px absolute bottom-0\" aria-hidden=\"true\" data-edge=\"true\"><\/div>\n<figure>\n<figure class=\"wp-block-image\"><img decoding=\"async\" title=\"\" src=\"https:\/\/iqx.io\/blog\/wp-content\/\/uploads\/2025\/12\/featured-63.jpg\" alt=\"Cryptocurrencies, Bitcoin Price, Investments, Markets, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis, Whale, Bitcoin ETF\" \/><\/figure><figcaption style=\"text-align: center;\"><em>\u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0645\u062d\u0642\u0642 \u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0627\u0644\u0645\u062d\u062a\u0641\u0638 \u0628\u0647 \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u062d\u064a\u062a\u0627\u0646 \u0627\u0644\u062c\u062f\u064a\u062f\u0629. \u0627\u0644\u0645\u0635\u062f\u0631: CryptoQuant<\/em><\/figcaption><\/figure>\n<div class=\"pointer-events-none h-px w-px absolute bottom-0\" aria-hidden=\"true\" data-edge=\"true\">\n<div class=\"flex flex-col text-sm pb-25\">\n<article class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" tabindex=\"-1\" data-turn-id=\"request-694596c2-89bc-8326-99be-cd5866d32f49-13\" data-testid=\"conversation-turn-38\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:--spacing(4)] @w-sm\/main:[--thread-content-margin:--spacing(6)] @w-lg\/main:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" tabindex=\"-1\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"c4ff9d81-abb9-4870-bc3e-706f5c89fa89\" data-message-model-slug=\"gpt-5-2\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[1px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light markdown-new-styling\">\n<p data-start=\"0\" data-end=\"194\">\u0642\u0628\u0644 \u0639\u0627\u0645 2025\u060c \u0644\u0645 \u062a\u062a\u062c\u0627\u0648\u0632 \u062d\u0635\u0629 <strong data-start=\"28\" data-end=\"47\">\u0627\u0644\u062d\u064a\u062a\u0627\u0646 \u0627\u0644\u062c\u062f\u064a\u062f\u0629<\/strong> \u0646\u0633\u0628\u0629 <strong data-start=\"53\" data-end=\"60\">22%<\/strong> \u0645\u0646 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0645\u064f\u062d\u0642\u0651\u064e\u0642 \u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646.<br data-start=\"93\" data-end=\"96\" \/>\u0641\u064a \u062f\u0648\u0631\u0627\u062a \u0627\u0644\u0635\u0639\u0648\u062f \u0627\u0644\u0633\u0627\u0628\u0642\u0629\u060c \u0643\u0627\u0646\u062a \u0627\u0644\u0633\u0648\u0642 \u062a\u0642\u0648\u062f\u0647\u0627 \u062d\u064a\u062a\u0627\u0646 \u0631\u0627\u0643\u0645\u062a \u0639\u0646\u062f \u0623\u0633\u0639\u0627\u0631 \u0645\u0646\u062e\u0641\u0636\u0629 \u062b\u0645 \u0642\u0627\u0645\u062a \u0628\u0627\u0644\u062a\u0648\u0632\u064a\u0639 \u062a\u062f\u0631\u064a\u062c\u064a\u064b\u0627.<\/p>\n<p data-start=\"196\" data-end=\"458\" data-is-last-node=\"\" data-is-only-node=\"\">\u0623\u0645\u0627 \u0627\u0644\u064a\u0648\u0645\u060c \u0641\u062a\u062f\u062e\u0644 \u0627\u0644\u062d\u064a\u062a\u0627\u0646 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0628\u0631\u0624\u0648\u0633 \u0623\u0645\u0648\u0627\u0644 \u0643\u0628\u064a\u0631\u0629 \u0639\u0646\u062f \u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0633\u0639\u0631\u064a\u0629 \u0623\u0639\u0644\u0649 \u0628\u0643\u062b\u064a\u0631.<br data-start=\"280\" data-end=\"283\" \/>\u0648\u0627\u0644\u0644\u0627\u0641\u062a \u0623\u0646\u0647 \u062e\u0644\u0627\u0644 \u0641\u062a\u0631\u0627\u062a \u0627\u0644\u062a\u0631\u0627\u062c\u0639\u060c \u0648\u0627\u0635\u0644\u062a \u062d\u0635\u062a\u0647\u0627 \u0645\u0646 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0645\u064f\u062d\u0642\u0651\u064e\u0642 \u0627\u0644\u0627\u0631\u062a\u0641\u0627\u0639.<br data-start=\"359\" data-end=\"362\" \/>\u0648\u064a\u0639\u0643\u0633 \u0630\u0644\u0643 \u0625\u0639\u0627\u062f\u0629 \u062a\u0631\u0633\u064a\u062e \u0642\u0627\u0639\u062f\u0629 \u0627\u0644\u062a\u0643\u0644\u0641\u0629 \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a\u0629 \u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646\u060c \u0628\u062f\u0644\u064b\u0627 \u0645\u0646 \u062a\u062d\u0631\u0643\u0627\u062a \u0645\u0636\u0627\u0631\u0628\u064a\u0629 \u0642\u0635\u064a\u0631\u0629 \u0627\u0644\u0623\u062c\u0644.<\/p>\n<p data-start=\"196\" data-end=\"458\" data-is-last-node=\"\" data-is-only-node=\"\">\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<h2><span style=\"color: revert; font-family: Arial, sans-serif; font-size: revert; font-weight: 600;\">\u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0637\u0644\u0628 \u0639\u0644\u0649 \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0642\u0635\u064a\u0631 \u0645\u0639 \u0634\u0631\u0627\u0621 \u0627\u0644\u062d\u064a\u062a\u0627\u0646 \u0639\u0646\u062f \u0627\u0644\u0647\u0628\u0648\u0637 \u0628\u0627\u0644\u0642\u0631\u0628 \u0645\u0646 85,000 \u062f\u0648\u0644\u0627\u0631<\/span><\/h2>\n<p>\u0628\u0644\u063a \u0627\u0644\u062a\u063a\u064a\u064a\u0631 \u0627\u0644\u0635\u0627\u0641\u064a \u0641\u064a \u0645\u0631\u0643\u0632 \u062d\u0627\u0645\u0644\u064a \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0642\u0635\u064a\u0631 (30 \u064a\u0648\u0645\u0627\u064b) \u0623\u0639\u0644\u0649 \u0645\u0633\u062a\u0648\u0649 \u0644\u0647 \u0639\u0644\u0649 \u0627\u0644\u0625\u0637\u0644\u0627\u0642\u060c \u062d\u064a\u062b \u0648\u0635\u0644 \u0625\u0644\u0649 \u0645\u0627 \u064a\u0642\u0631\u0628 \u0645\u0646 100,000 \u0628\u064a\u062a\u0643\u0648\u064a\u0646. \u064a\u0642\u064a\u0633 \u0647\u0630\u0627 \u0627\u0644\u0645\u0642\u064a\u0627\u0633 \u0627\u0644\u062a\u063a\u064a\u064a\u0631 \u0627\u0644\u0635\u0627\u0641\u064a \u0641\u064a \u0627\u0644\u0625\u0645\u062f\u0627\u062f\u0627\u062a \u0627\u0644\u0645\u062d\u062a\u0641\u0638 \u0628\u0647\u0627 \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u062a\u064a \u064a\u0642\u0644 \u0639\u0645\u0631\u0647\u0627 \u0639\u0646 155 \u064a\u0648\u0645\u0627\u064b \u0648\u064a\u0639\u0643\u0633 \u062a\u0631\u0627\u0643\u0645\u064b\u0627 \u0642\u0648\u064a\u0627\u064b \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0648\u0627\u0641\u062f\u064a\u0646 \u0627\u0644\u062c\u062f\u062f.<\/p>\n<figure>\n<figure class=\"wp-block-image\"><img decoding=\"async\" title=\"\" src=\"https:\/\/iqx.io\/blog\/wp-content\/\/uploads\/2025\/12\/featured-64.jpg\" alt=\"Cryptocurrencies, Bitcoin Price, Investments, Markets, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis, Whale, Bitcoin ETF\" \/><\/figure><figcaption style=\"text-align: center;\"><em>\u062a\u063a\u064a\u064a\u0631 \u0645\u0631\u0643\u0632 \u062d\u0627\u0645\u0644\u064a \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0639\u0644\u0649 \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0642\u0635\u064a\u0631. \u0627\u0644\u0645\u0635\u062f\u0631: CryptoQuant<\/em><\/figcaption><\/figure>\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"8e62ab6e-7583-464a-a54b-a894c10ddfb0\" data-message-model-slug=\"gpt-5-2\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[1px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light markdown-new-styling\">\n<p data-start=\"0\" data-end=\"136\">\u062a\u062d\u062f\u062b \u0647\u0630\u0647 \u0627\u0644\u062a\u0648\u0633\u0651\u0639\u0627\u062a \u0639\u0627\u062f\u0629\u064b \u062e\u0644\u0627\u0644 \u0645\u0631\u0627\u062d\u0644 \u0627\u0644\u0632\u062e\u0645 \u0627\u0644\u0645\u0631\u062a\u0641\u0639\u060c \u0639\u0646\u062f\u0645\u0627 \u064a\u062a\u062c\u0627\u0648\u0632 \u0627\u0644\u0637\u0644\u0628 \u0627\u0644\u0645\u0639\u0631\u0648\u0636 \u0627\u0644\u0645\u062a\u0627\u062d.<br data-start=\"89\" data-end=\"92\" \/>\u0648\u064a\u062d\u062f\u062b \u0630\u0644\u0643 \u062d\u062a\u0649 \u0645\u0639 \u0628\u0642\u0627\u0621 \u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0627\u0644\u062a\u0642\u0644\u0628 \u0645\u0631\u062a\u0641\u0639\u0629.<\/p>\n<p data-start=\"138\" data-end=\"434\">\u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0646\u0641\u0633\u0647\u060c \u0623\u0638\u0647\u0631\u062a \u0628\u064a\u0627\u0646\u0627\u062a \u062a\u062f\u0641\u0642\u0627\u062a <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Binance<\/span><\/span> \u0623\u0646 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u062a\u064a \u064a\u0632\u064a\u062f \u0639\u0645\u0631\u0647\u0627 \u0639\u0646 155 \u064a\u0648\u0645\u064b\u0627 \u0628\u0642\u064a\u062a \u063a\u064a\u0631 \u0646\u0634\u0637\u0629 \u0625\u0644\u0649 \u062d\u062f\u0651\u064d \u0643\u0628\u064a\u0631. \u0648\u064a\u0624\u0643\u062f \u0630\u0644\u0643 \u0623\u0646 \u062d\u0627\u0645\u0644\u064a \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0637\u0648\u064a\u0644 \u0644\u0645 \u064a\u0642\u0648\u0645\u0648\u0627 \u0628\u0627\u0644\u0628\u064a\u0639. \u0641\u064a \u0627\u0644\u0645\u0642\u0627\u0628\u0644\u060c \u062c\u0627\u0621 \u0645\u0639\u0638\u0645 \u0627\u0644\u0636\u063a\u0637 \u0627\u0644\u0628\u064a\u0639\u064a \u0645\u0646 \u062d\u0627\u0645\u0644\u064a \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0642\u0635\u064a\u0631 \u0627\u0644\u0630\u064a\u0646 \u064a\u062a\u0641\u0627\u0639\u0644\u0648\u0646 \u0645\u0639 \u0636\u0639\u0641 \u0627\u0644\u0633\u0639\u0631.<\/p>\n<p data-start=\"436\" data-end=\"631\">\u0627\u0644\u0623\u0647\u0645 \u0623\u0646 \u0646\u062d\u0648 37% \u0645\u0646 \u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0627\u0644\u0645\u0631\u0633\u0644\u0629 \u0625\u0644\u0649 \u0628\u064a\u0646\u0627\u0646\u0633 \u062c\u0627\u0621\u062a \u0645\u0646 \u0645\u062d\u0627\u0641\u0638 \u0628\u062d\u062c\u0645 \u062d\u0648\u062a (\u0628\u064a\u0646 1,000 \u064810,000 \u0628\u064a\u062a\u0643\u0648\u064a\u0646). \u0648\u064a\u0634\u064a\u0631 \u0647\u0630\u0627 \u0625\u0644\u0649 \u0623\u0646 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0643\u0628\u064a\u0631 \u0643\u0627\u0646 \u0646\u0634\u0637\u064b\u0627 \u0648\u064a\u0628\u062d\u062b \u0639\u0646 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0623\u062b\u0646\u0627\u0621 \u0627\u0644\u062d\u0631\u0643\u0629.<\/p>\n<p data-start=\"633\" data-end=\"916\">\u0648\u062a\u062f\u0639\u0645 \u0628\u064a\u0627\u0646\u0627\u062a <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Hyblock<\/span><\/span> \u0647\u0630\u0647 \u0627\u0644\u0631\u0624\u064a\u0629. \u0641\u0642\u062f \u0623\u0638\u0647\u0631 \u0645\u0624\u0634\u0631 \u062f\u0644\u062a\u0627 \u0627\u0644\u062d\u062c\u0645 \u0627\u0644\u062a\u0631\u0627\u0643\u0645\u064a (CVD)\u060c \u0627\u0644\u0630\u064a \u064a\u0642\u064a\u0633 \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646 \u0627\u0644\u0645\u0634\u062a\u0631\u0648\u0646 \u0623\u0648 \u0627\u0644\u0628\u0627\u0626\u0639\u0648\u0646 \u064a\u0633\u064a\u0637\u0631\u0648\u0646 \u0639\u0644\u0649 \u0627\u0644\u0633\u0648\u0642\u060c \u0623\u0646 \u0645\u062d\u0627\u0641\u0638 \u0627\u0644\u062d\u064a\u062a\u0627\u0646 (\u0645\u0646 100 \u0623\u0644\u0641 \u0625\u0644\u0649 10 \u0645\u0644\u0627\u064a\u064a\u0646 \u062f\u0648\u0644\u0627\u0631) \u0633\u062c\u0644\u062a \u062f\u0644\u062a\u0627 \u0625\u064a\u062c\u0627\u0628\u064a\u0629 \u0628\u0642\u064a\u0645\u0629 135 \u0645\u0644\u064a\u0648\u0646 \u062f\u0648\u0644\u0627\u0631 \u0647\u0630\u0627 \u0627\u0644\u0623\u0633\u0628\u0648\u0639.<\/p>\n<p data-start=\"918\" data-end=\"1185\" data-is-last-node=\"\" data-is-only-node=\"\">\u0641\u064a \u0627\u0644\u0645\u0642\u0627\u0628\u0644\u060c \u0633\u062c\u0644 \u062a\u062c\u0627\u0631 \u0627\u0644\u062a\u062c\u0632\u0626\u0629 (0\u201310 \u0622\u0644\u0627\u0641 \u062f\u0648\u0644\u0627\u0631) \u0648\u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0648\u0646 \u0645\u062a\u0648\u0633\u0651\u0637\u0648 \u0627\u0644\u062d\u062c\u0645 (10 \u0622\u0644\u0627\u0641\u2013100 \u0623\u0644\u0641 \u062f\u0648\u0644\u0627\u0631) \u062f\u0644\u062a\u0627 \u0633\u0644\u0628\u064a\u0629 \u0628\u0644\u063a\u062a 84 \u0645\u0644\u064a\u0648\u0646 \u062f\u0648\u0644\u0627\u0631 \u0648172 \u0645\u0644\u064a\u0648\u0646 \u062f\u0648\u0644\u0627\u0631 \u0639\u0644\u0649 \u0627\u0644\u062a\u0648\u0627\u0644\u064a. \u0648\u0628\u0639\u0628\u0627\u0631\u0629 \u0623\u062e\u0631\u0649\u060c \u0627\u0633\u062a\u0648\u0639\u0628 \u0627\u0644\u0644\u0627\u0639\u0628\u0648\u0646 \u0627\u0644\u0643\u0628\u0627\u0631 \u0636\u063a\u0637 \u0627\u0644\u0628\u064a\u0639\u060c \u0628\u064a\u0646\u0645\u0627 \u062e\u0641\u0651\u0636 \u0627\u0644\u0645\u0634\u0627\u0631\u0643\u0648\u0646 \u0627\u0644\u0623\u0635\u063a\u0631 \u0627\u0646\u0643\u0634\u0627\u0641\u0647\u0645.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"z-0 flex min-h-[46px] justify-start\"><\/div>\n<div class=\"mt-3 w-full empty:hidden\">\n<div class=\"text-center\">\n<div>\n<div class=\"inline-flex border border-gray-100 dark:border-gray-700 rounded-xl\">\n<div class=\"text-token-text-secondary flex items-center justify-center gap-4 px-4 py-2.5 text-sm whitespace-nowrap\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><img decoding=\"async\" style=\"color: initial;\" title=\"\" src=\"https:\/\/iqx.io\/blog\/wp-content\/\/uploads\/2025\/12\/featured-43-scaled.png\" alt=\"Cryptocurrencies, Bitcoin Price, Investments, Markets, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis, Whale, Bitcoin ETF\" \/><\/p>\n<figure><figcaption style=\"text-align: center;\"><em>\u0633\u0639\u0631 \u0628\u064a\u062a\u0643\u0648\u064a\u0646\u060c \u0648\u062f\u0644\u062a\u0627 \u0627\u0644\u062d\u062c\u0645 \u0627\u0644\u062a\u0631\u0627\u0643\u0645\u064a \u0644\u062a\u062c\u0627\u0631 \u0627\u0644\u062a\u062c\u0632\u0626\u0629\u060c \u0648\u0645\u062a\u0648\u0633\u0637\u064a \u0627\u0644\u062d\u062c\u0645\u060c \u0648\u0645\u062d\u0627\u0641\u0638 \u0627\u0644\u062d\u064a\u062a\u0627\u0646. \u0627\u0644\u0645\u0635\u062f\u0631: Hyblock Capital<\/em><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>\u0646\u0642\u0644\u0627\u064b \u0639\u0646 \u0645\u0648\u0642\u0639 cointelegraph\u060c \u062a\u0634\u064a\u0631 \u0628\u064a\u0627\u0646\u0627\u062a \u0633\u0644\u0633\u0644\u0629 \u0643\u062a\u0644 \u0628\u064a\u062a\u0643\u0648\u064a\u0646 (BTC) \u0625\u0644\u0649 \u0623\u0646 \u0627\u0644\u062f\u0648\u0631\u0629 \u0627\u0644\u062d\u0627\u0644\u064a\u0629 \u0644\u0627 \u062a\u062a\u062c\u0647 \u0646\u062d\u0648 \u0642\u0645\u0629 \u0623\u0648 \u0642\u0627\u0639 \u062a\u0642\u0644\u064a\u062f\u064a. \u0628\u0644 \u062a\u0639\u0643\u0633 \u062a\u062d\u0648\u0651\u0644\u064b\u0627 \u0647\u064a\u0643\u0644\u064a\u064b\u0627 \u0641\u064a \u0637\u0631\u064a\u0642\u0629 \u062f\u062e\u0648\u0644 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0625\u0644\u0649 \u0627\u0644\u0633\u0648\u0642. \u0627\u0644\u0646\u0642\u0627\u0637 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629: \u0646\u062d\u0648 50% \u0645\u0646 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0645\u064f\u062d\u0642\u0651\u064e\u0642 \u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u064a\u0639\u0648\u062f \u0627\u0644\u0622\u0646 \u0625\u0644\u0649 \u0627\u0644\u062d\u064a\u062a\u0627\u0646 \u0627\u0644\u062c\u062f\u064a\u062f\u0629\u060c \u0645\u0627 \u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u0625\u0639\u0627\u062f\u0629 \u0636\u0628\u0637 \u0641\u064a \u062a\u0643\u0644\u0641\u0629 \u0627\u0644\u0634\u0628\u0643\u0629. \u0627\u0631\u062a\u0641\u0639\u062a &hellip;<\/p>\n","protected":false},"author":3,"featured_media":1895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,19],"tags":[],"class_list":["post-1896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-onchain-analysis","category-market-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>\u062d\u064a\u062a\u0627\u0646 \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u062a\u063a\u064a\u0651\u0631 \u0642\u0648\u0627\u0639\u062f \u0627\u0644\u0633\u0648\u0642 \u0628\u0635\u0645\u062a: \u062a\u062d\u0648\u0651\u0644 \u0647\u064a\u0643\u0644\u064a \u064a\u0639\u064a\u062f \u062a\u0634\u0643\u064a\u0644 \u062f\u0648\u0631\u0629 BTC - IQX Blog<\/title>\n<meta name=\"description\" content=\"\u062a\u062d\u0644\u064a\u0644 \u0633\u0644\u0633\u0644\u0629 \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u064a\u0643\u0634\u0641 \u062f\u0648\u0631 \u062d\u064a\u062a\u0627\u0646 \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0641\u064a \u062a\u063a\u064a\u0651\u0631 \u0647\u064a\u0643\u0644 \u0627\u0644\u0633\u0648\u0642 \u0648\u062a\u062f\u0641\u0651\u0642 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0648\u0633\u0637 \u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0623\u0633\u0639\u0627\u0631.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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