{"id":100406,"date":"2026-04-25T18:14:22","date_gmt":"2026-04-25T14:44:22","guid":{"rendered":"https:\/\/bitpin.ir\/academy\/?p=100406"},"modified":"2026-04-27T14:20:32","modified_gmt":"2026-04-27T10:50:32","slug":"bitcoins-big-players-are-accumulating","status":"publish","type":"post","link":"https:\/\/bitpin.ir\/academy\/bitcoins-big-players-are-accumulating\/","title":{"rendered":"\u0622\u06cc\u0627 \u0646\u0647\u0646\u06af\u200c\u0647\u0627\u06cc \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u062f\u0631 \u062d\u0627\u0644 \u062e\u0631\u06cc\u062f \u0647\u0633\u062a\u0646\u062f\u061f"},"content":{"rendered":"<p>\u0627\u062d\u0633\u0627\u0633\u0627\u062a \u0628\u0627\u0632\u0627\u0631 \u06a9\u0631\u06cc\u067e\u062a\u0648 \u0637\u06cc \u062a\u0646\u0647\u0627 \u0633\u0647 \u0631\u0648\u0632 \u0627\u0632 \u00ab\u0628\u062f\u0628\u06cc\u0646\u06cc \u0634\u062f\u06cc\u062f\u00bb \u0628\u0647 \u00ab\u062d\u0627\u0644\u062a \u0641\u0648\u0645\u0648\u00bb \u062a\u063a\u06cc\u06cc\u0631 \u06a9\u0631\u062f\u0647 \u0627\u0633\u062a. \u062a\u062d\u0644\u06cc\u0644\u06af\u0631\u0627\u0646 \u0645\u06cc\u200c\u06af\u0648\u06cc\u0646\u062f \u0627\u06cc\u0646 \u0646\u0648\u0633\u0627\u0646 \u0633\u0631\u06cc\u0639 \u062f\u0642\u06cc\u0642\u0627\u064b \u0647\u0645\u0627\u0646 \u0686\u06cc\u0632\u06cc \u0627\u0633\u062a \u06a9\u0647 \u0644\u062d\u0638\u0647 \u0641\u0639\u0644\u06cc <strong>\u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646<\/strong> (BTC) \u0631\u0627 \u0627\u0631\u0632\u0634\u0645\u0646\u062f \u0645\u06cc\u200c\u06a9\u0646\u062f \u0648 \u0628\u0627\u06cc\u062f \u0622\u0646 \u0631\u0627 \u0627\u0632 \u0646\u0632\u062f\u06cc\u06a9 \u0632\u06cc\u0631 \u0646\u0638\u0631 \u06af\u0631\u0641\u062a. \u062f\u0627\u062f\u0647\u200c\u0647\u0627\u06cc \u0634\u0631\u06a9\u062a \u062a\u062d\u0644\u06cc\u0644 \u06a9\u0631\u06cc\u067e\u062a\u0648 \u0633\u0646\u062a\u06cc\u0645\u0646\u062a (Santiment) \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f <strong>\u06a9\u06cc\u0641 \u067e\u0648\u0644\u200c\u0647\u0627\u06cc\u06cc<\/strong> \u06a9\u0647 \u0628\u06cc\u0646 \u06f1\u06f0 \u062a\u0627 \u06f1\u06f0\u066c\u06f0\u06f0\u06f0 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u062f\u0631 \u0627\u062e\u062a\u06cc\u0627\u0631 \u062f\u0627\u0631\u0646\u062f\u060c \u0627\u0632 \u06f1\u06f0 \u0622\u0648\u0631\u06cc\u0644 (\u06f2\u06f1 \u0641\u0631\u0648\u0631\u062f\u06cc\u0646) \u062a\u0627\u06a9\u0646\u0648\u0646 \u062d\u062f\u0648\u062f \u06f4\u06f1\u066c\u06f0\u06f0\u06f0 \u06a9\u0648\u06cc\u0646 \u0628\u0647 \u062f\u0627\u0631\u0627\u06cc\u06cc\u200c\u0647\u0627\u06cc \u062e\u0648\u062f \u0627\u0636\u0627\u0641\u0647 \u06a9\u0631\u062f\u0647\u200c\u0627\u0646\u062f.<\/p>\n<p><a class=\"dev-tiny-custom-btn \" href=\"https:\/\/bitpin.ir\/trade\/BTC_USDT\/?tab=margin&amp;side=buy\">\u0645\u0639\u0627\u0645\u0644\u0647 \u062a\u0639\u0647\u062f\u06cc \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646<\/a><\/p>\n<p>\u0627\u0631\u0632\u0634 \u0627\u06cc\u0646 <strong><a href=\"https:\/\/bitpin.ir\/buy-and-sell\/BTC\/\">\u062e\u0631\u06cc\u062f \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646<\/a><\/strong> \u062a\u0642\u0631\u06cc\u0628\u0627\u064b <strong>\u06f3\u066b\u06f1\u06f7 \u0645\u06cc\u0644\u06cc\u0627\u0631\u062f \u062f\u0644\u0627\u0631<\/strong> \u0628\u0631\u0622\u0648\u0631\u062f \u0645\u06cc\u200c\u0634\u0648\u062f. \u0627\u06cc\u0646 \u062e\u0631\u06cc\u062f\u0647\u0627 \u0647\u0645\u0632\u0645\u0627\u0646 \u0628\u0627 \u0635\u0639\u0648\u062f \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0628\u0647 \u0633\u0645\u062a <strong>\u06f8\u06f0\u066c\u06f0\u06f0\u06f0 \u062f\u0644\u0627\u0631<\/strong> \u0627\u0646\u062c\u0627\u0645 \u0634\u062f\u0647 \u0627\u0633\u062a\u061b \u0633\u0637\u062d \u0642\u06cc\u0645\u062a\u06cc \u06a9\u0647 \u0627\u06cc\u0646 \u062f\u0627\u0631\u0627\u06cc\u06cc \u0627\u0632 \u0627\u0648\u0627\u062e\u0631 \u0698\u0627\u0646\u0648\u06cc\u0647 (\u0627\u0648\u0627\u06cc\u0644 \u0628\u0647\u0645\u0646) \u0628\u0647 \u0622\u0646 \u0646\u0631\u0633\u06cc\u062f\u0647 \u0628\u0648\u062f. \u0631\u0648\u0632 \u0686\u0647\u0627\u0631\u0634\u0646\u0628\u0647\u060c \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0628\u0631\u0627\u06cc \u0645\u062f\u062a \u06a9\u0648\u062a\u0627\u0647\u06cc \u0628\u0647 <strong>\u06f7\u06f9\u066c\u06f3\u06f3\u06f0 \u062f\u0644\u0627\u0631<\/strong> \u0631\u0633\u06cc\u062f \u0648 \u0633\u067e\u0633 \u062a\u0627 \u062d\u062f\u0648\u062f <strong>\u06f7\u06f7\u066c\u06f3\u06f5\u06f0 \u062f\u0644\u0627\u0631<\/strong> \u0639\u0642\u0628\u200c\u0646\u0634\u06cc\u0646\u06cc \u06a9\u0631\u062f.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-flat ez-toc-counter-rtl ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">\u0641\u0647\u0631\u0633\u062a \u0645\u0637\u0627\u0644\u0628<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1a1a1a;color:#1a1a1a\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1a1a1a;color:#1a1a1a\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 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href=\"https:\/\/bitpin.ir\/academy\/bitcoins-big-players-are-accumulating\/#%d8%b3%d9%86%d8%a7%d8%b1%db%8c%d9%88%db%8c%db%8c-%da%a9%d9%87-%d8%aa%d8%ad%d9%84%db%8c%d9%84%da%af%d8%b1%d8%a7%d9%86-%d8%b2%db%8c%d8%b1-%d9%86%d8%b8%d8%b1-%d8%af%d8%a7%d8%b1%d9%86%d8%af\" >\u0633\u0646\u0627\u0631\u06cc\u0648\u06cc\u06cc \u06a9\u0647 \u062a\u062d\u0644\u06cc\u0644\u06af\u0631\u0627\u0646 \u0632\u06cc\u0631 \u0646\u0638\u0631 \u062f\u0627\u0631\u0646\u062f<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bitpin.ir\/academy\/bitcoins-big-players-are-accumulating\/#%d8%aa%d8%b1%d8%b3-%d9%87%d9%85%da%86%d9%86%d8%a7%d9%86-%d8%a8%d8%b1-%d8%a8%d8%a7%d8%b2%d8%a7%d8%b1-%da%af%d8%b3%d8%aa%d8%b1%d8%af%d9%87%e2%80%8c%d8%aa%d8%b1-%d8%ad%d8%a7%da%a9%d9%85-%d8%a7%d8%b3%d8%aa\" >\u062a\u0631\u0633 \u0647\u0645\u0686\u0646\u0627\u0646 \u0628\u0631 \u0628\u0627\u0632\u0627\u0631 \u06af\u0633\u062a\u0631\u062f\u0647\u200c\u062a\u0631 \u062d\u0627\u06a9\u0645 \u0627\u0633\u062a<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%d9%86%d9%87%d9%86%da%af%e2%80%8c%d9%87%d8%a7%db%8c-%d8%a8%db%8c%d8%aa-%da%a9%d9%88%db%8c%d9%86-%d8%a8%d8%a7-%d8%a7%d9%81%d8%b2%d8%a7%db%8c%d8%b4-%d9%82%db%8c%d9%85%d8%aa-%d8%af%d8%b1-%d8%ad%d8%a7%d9%84-%d8%ae%d8%b1%db%8c%d8%af-%d9%87%d8%b3%d8%aa%d9%86%d8%af\"><\/span>\u0646\u0647\u0646\u06af\u200c\u0647\u0627\u06cc \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0628\u0627 \u0627\u0641\u0632\u0627\u06cc\u0634 \u0642\u06cc\u0645\u062a \u062f\u0631 \u062d\u0627\u0644 \u062e\u0631\u06cc\u062f \u0647\u0633\u062a\u0646\u062f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u0633\u0646\u062a\u06cc\u0645\u0646\u062a \u0628\u0647 \u0627\u06cc\u0646 <strong>\u0631\u0648\u0646\u062f \u0627\u0646\u0628\u0627\u0634\u062a<\/strong> \u0627\u0634\u0627\u0631\u0647 \u06a9\u0631\u062f \u0648 \u06af\u0641\u062a \u0630\u06cc\u200c\u0646\u0641\u0639\u0627\u0646 \u06a9\u0644\u06cc\u062f\u06cc \u0628\u06cc\u062a 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\u0641\u0627\u0635\u0644\u0647 \u0628\u06cc\u0646 \u0627\u06cc\u0646 \u062f\u0648 \u0631\u0642\u0645 \u062f\u0627\u0633\u062a\u0627\u0646\u06cc \u0631\u0627 \u0631\u0648\u0627\u06cc\u062a \u0645\u06cc\u200c\u06a9\u0646\u062f: \u0628\u0627\u0632\u06cc\u06af\u0631\u0627\u0646 \u0628\u0632\u0631\u06af \u0628\u0627 \u062d\u062c\u0645 \u0628\u0627\u0644\u0627 \u0648\u0627\u0631\u062f \u0645\u06cc\u200c\u0634\u0648\u0646\u062f\u060c \u062f\u0631 \u062d\u0627\u0644\u06cc \u06a9\u0647 \u0641\u0639\u0627\u0644\u06cc\u062a \u062e\u0631\u062f\u0647\u200c\u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u0646\u0633\u0628\u062a\u0627\u064b \u0622\u0631\u0627\u0645 \u0628\u0627\u0642\u06cc \u0645\u0627\u0646\u062f\u0647 \u0627\u0633\u062a.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-100413\" src=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_c04089.webp\" alt=\"\" width=\"750\" height=\"421\" srcset=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_c04089.webp 750w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_c04089-300x168.webp 300w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_c04089-640x359.webp 640w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_c04089-340x191.webp 340w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_c04089-460x258.webp 460w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_c04089-112x63.webp 112w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_c04089-160x90.webp 160w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_c04089-290x163.webp 290w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_c04089-475x267.webp 475w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_c04089-360x202.webp 360w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_c04089-36x20.webp 36w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/p>\n<p>\u0628\u0647 \u06af\u0641\u062a\u0647 \u0633\u0646\u062a\u06cc\u0645\u0646\u062a\u060c \u0627\u0645\u06cc\u062f\u0648\u0627\u0631\u06a9\u0646\u0646\u062f\u0647\u200c\u062a\u0631\u06cc\u0646 \u0633\u0646\u0627\u0631\u06cc\u0648 \u0632\u0645\u0627\u0646\u06cc \u0631\u062e \u0645\u06cc\u200c\u062f\u0647\u062f \u06a9\u0647 \u0647\u0648\u0644\u062f\u0631\u0647\u0627\u06cc \u0628\u0632\u0631\u06af \u0628\u0647 \u062e\u0631\u06cc\u062f \u0627\u062f\u0627\u0645\u0647 \u062f\u0647\u0646\u062f \u0648 \u0647\u0645\u0632\u0645\u0627\u0646 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u06a9\u0648\u0686\u06a9\u200c\u062a\u0631 \u0634\u0631\u0648\u0639 \u0628\u0647 \u0646\u0642\u062f \u06a9\u0631\u062f\u0646 \u062f\u0627\u0631\u0627\u06cc\u06cc\u200c\u0647\u0627\u06cc \u062e\u0648\u062f \u06a9\u0646\u0646\u062f. \u06af\u0632\u0627\u0631\u0634\u200c\u0647\u0627\u06cc \u0627\u06cc\u0646 \u0634\u0631\u06a9\u062a \u0627\u06cc\u0646 \u0627\u0644\u06af\u0648 \u0631\u0627 \u06cc\u06a9\u06cc \u0627\u0632 \u0642\u0648\u06cc\u200c\u062a\u0631\u06cc\u0646 \u0646\u0634\u0627\u0646\u0647\u200c\u0647\u0627 \u0628\u0631\u0627\u06cc \u0634\u06a9\u0644\u200c\u06af\u06cc\u0631\u06cc \u06cc\u06a9 \u0631\u0627\u0644\u06cc \u0642\u06cc\u0645\u062a\u06cc \u0637\u0648\u0644\u0627\u0646\u06cc\u200c\u0645\u062f\u062a \u062a\u0648\u0635\u06cc\u0641 \u0645\u06cc\u200c\u06a9\u0646\u0646\u062f. \u062a\u062d\u0644\u06cc\u0644\u06af\u0631\u0627\u0646 \u0627\u0632 \u06af\u0630\u0634\u062a\u0647 \u0627\u06cc\u0646 \u0646\u0648\u0639 \u0648\u0627\u06af\u0631\u0627\u06cc\u06cc \u0628\u06cc\u0646 <a href=\"https:\/\/bitpin.ir\/academy\/how-do-crypto-whales-protect-their-identities\/\"><strong>\u0631\u0641\u062a\u0627\u0631 \u0646\u0647\u0646\u06af\u200c\u0647\u0627<\/strong><\/a> \u0648 \u0641\u0639\u0627\u0644\u06cc\u062a \u062e\u0631\u062f\u0647\u200c\u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u0631\u0627 \u0628\u0647 \u0639\u0646\u0648\u0627\u0646 \u067e\u06cc\u0634\u200c\u062f\u0631\u0622\u0645\u062f \u0627\u062d\u062a\u0645\u0627\u0644\u06cc \u0627\u0641\u0632\u0627\u06cc\u0634 \u067e\u0627\u06cc\u062f\u0627\u0631 \u0642\u06cc\u0645\u062a \u0631\u0635\u062f \u06a9\u0631\u062f\u0647\u200c\u0627\u0646\u062f.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%d8%b3%d9%86%d8%a7%d8%b1%db%8c%d9%88%db%8c%db%8c-%da%a9%d9%87-%d8%aa%d8%ad%d9%84%db%8c%d9%84%da%af%d8%b1%d8%a7%d9%86-%d8%b2%db%8c%d8%b1-%d9%86%d8%b8%d8%b1-%d8%af%d8%a7%d8%b1%d9%86%d8%af\"><\/span>\u0633\u0646\u0627\u0631\u06cc\u0648\u06cc\u06cc \u06a9\u0647 \u062a\u062d\u0644\u06cc\u0644\u06af\u0631\u0627\u0646 \u0632\u06cc\u0631 \u0646\u0638\u0631 \u062f\u0627\u0631\u0646\u062f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u062f\u0631 \u0628\u062e\u0634 \u0646\u0647\u0627\u062f\u06cc\u060c \u0622\u0646\u062f\u0631\u0647 \u062f\u0631\u0627\u06af\u0648\u0634 (Andre Dragosch)\u060c \u0631\u0626\u06cc\u0633 \u062a\u062d\u0642\u06cc\u0642\u0627\u062a \u0627\u0631\u0648\u067e\u0627\u06cc\u06cc \u0628\u06cc\u062a\u200c\u0648\u0627\u06cc\u0632 (Bitwise)\u060c \u06af\u0641\u062a \u062a\u0642\u0627\u0636\u0627 \u0627\u0632 \u0633\u0648\u06cc <strong>\u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u062d\u0631\u0641\u0647\u200c\u0627\u06cc<\/strong> \u0628\u0632\u0631\u06af \u00ab\u0628\u0647 \u0648\u0636\u0648\u062d \u062f\u0631 \u062d\u0627\u0644 \u0634\u062a\u0627\u0628 \u06af\u0631\u0641\u062a\u0646 \u0627\u0633\u062a\u00bb. \u0627\u0638\u0647\u0627\u0631\u0627\u062a \u0627\u0648 \u06a9\u0647 \u0631\u0648\u0632 \u062c\u0645\u0639\u0647 \u0645\u0646\u062a\u0634\u0631 \u0634\u062f\u060c \u0628\u0627 \u0631\u0648\u0646\u062f \u06af\u0633\u062a\u0631\u062f\u0647\u200c\u062a\u0631 \u0628\u0627\u0632\u06af\u0634\u062a \u067e\u0648\u0644 \u0646\u0647\u0627\u062f\u06cc \u0628\u0647 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u067e\u0633 \u0627\u0632 \u0645\u0627\u0647\u200c\u0647\u0627 \u0639\u062f\u0645 \u0642\u0637\u0639\u06cc\u062a \u0647\u0645\u062e\u0648\u0627\u0646\u06cc \u062f\u0627\u0631\u062f.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-100414\" src=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_cc6d0b.webp\" alt=\"\" width=\"750\" height=\"395\" srcset=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_cc6d0b.webp 750w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_cc6d0b-300x158.webp 300w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_cc6d0b-640x337.webp 640w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_cc6d0b-340x179.webp 340w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_cc6d0b-460x242.webp 460w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_cc6d0b-112x59.webp 112w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_cc6d0b-160x84.webp 160w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_cc6d0b-290x153.webp 290w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_cc6d0b-475x250.webp 475w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_cc6d0b-360x190.webp 360w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_cc6d0b-36x19.webp 36w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/p>\n<p><a href=\"https:\/\/bitpin.ir\/academy\/bitcoin-spot-etf-vs-bitcoin-futures-etf\/\"><strong>\u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627\u06cc ETF \u0627\u0633\u067e\u0627\u062a \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646<\/strong><\/a> \u062f\u0631 \u0622\u0645\u0631\u06cc\u06a9\u0627 \u0637\u06cc \u06f5 \u0631\u0648\u0632 \u0645\u0639\u0627\u0645\u0644\u0627\u062a\u06cc \u06af\u0630\u0634\u062a\u0647\u060c <strong>\u06f1\u06f8\u066c\u06f9\u06f9\u06f1 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646<\/strong> \u062e\u0631\u06cc\u062f\u0627\u0631\u06cc \u06a9\u0631\u062f\u0647\u200c\u0627\u0646\u062f. \u0627\u06cc\u0646 \u0631\u0642\u0645 \u06f9 \u0628\u0631\u0627\u0628\u0631 \u0645\u0648\u062c\u0648\u062f\u06cc \u062c\u062f\u06cc\u062f \u062f\u0631 \u0622\u0646 \u0628\u0627\u0632\u0647 \u0632\u0645\u0627\u0646\u06cc \u0627\u0633\u062a.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%d8%aa%d8%b1%d8%b3-%d9%87%d9%85%da%86%d9%86%d8%a7%d9%86-%d8%a8%d8%b1-%d8%a8%d8%a7%d8%b2%d8%a7%d8%b1-%da%af%d8%b3%d8%aa%d8%b1%d8%af%d9%87%e2%80%8c%d8%aa%d8%b1-%d8%ad%d8%a7%da%a9%d9%85-%d8%a7%d8%b3%d8%aa\"><\/span>\u062a\u0631\u0633 \u0647\u0645\u0686\u0646\u0627\u0646 \u0628\u0631 \u0628\u0627\u0632\u0627\u0631 \u06af\u0633\u062a\u0631\u062f\u0647\u200c\u062a\u0631 \u062d\u0627\u06a9\u0645 \u0627\u0633\u062a<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u0628\u0627 \u0648\u062c\u0648\u062f \u0641\u0639\u0627\u0644\u06cc\u062a \u0646\u0647\u0646\u06af\u200c\u0647\u0627 \u0648 \u0645\u0648\u062c \u0622\u067e\u062a\u06cc\u0645\u06cc\u0633\u0645 \u062f\u0631 \u0645\u06cc\u0627\u0646 \u0647\u0648\u0644\u062f\u0631\u0647\u0627\u06cc \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646\u060c \u0628\u0627\u0632\u0627\u0631 \u06af\u0633\u062a\u0631\u062f\u0647\u200c\u062a\u0631 \u06a9\u0631\u06cc\u067e\u062a\u0648 \u0647\u0646\u0648\u0632 \u0647\u0645\u06af\u0627\u0645 \u0646\u0634\u062f\u0647 \u0627\u0633\u062a. <strong><a href=\"https:\/\/bitpin.ir\/academy\/crypto-fear-and-greed-index\/\">\u0634\u0627\u062e\u0635 \u062a\u0631\u0633 \u0648 \u0637\u0645\u0639<\/a><\/strong> \u06a9\u0631\u06cc\u067e\u062a\u0648 \u06a9\u0647 \u0645\u0639\u06cc\u0627\u0631\u06cc \u067e\u0631\u0637\u0631\u0641\u062f\u0627\u0631 \u0628\u0631\u0627\u06cc \u0633\u0646\u062c\u0634 \u0627\u062d\u0633\u0627\u0633\u0627\u062a \u06a9\u0644\u06cc \u0628\u0627\u0632\u0627\u0631 \u0627\u0633\u062a\u060c \u0631\u0648\u0632 \u062c\u0645\u0639\u0647 \u0627\u0645\u062a\u06cc\u0627\u0632 \u06f3\u06f9 \u0631\u0627 \u062b\u0628\u062a \u06a9\u0631\u062f \u0648 \u062f\u0642\u06cc\u0642\u0627\u064b \u062f\u0631 \u0645\u062d\u062f\u0648\u062f\u0647 \u00ab\u062a\u0631\u0633\u00bb \u0642\u0631\u0627\u0631 \u06af\u0631\u0641\u062a. \u0627\u06cc\u0646 \u0639\u062f\u062f \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f \u0628\u06cc\u0634\u062a\u0631 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u0647\u0645\u0686\u0646\u0627\u0646 \u0645\u062d\u062a\u0627\u0637 \u0647\u0633\u062a\u0646\u062f\u061b \u062d\u062a\u06cc \u062f\u0631 \u062d\u0627\u0644\u06cc \u06a9\u0647 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0628\u0647 \u06cc\u06a9 \u0646\u0642\u0637\u0647 \u0642\u06cc\u0645\u062a\u06cc \u0631\u0648\u0627\u0646\u200c\u0634\u0646\u0627\u062e\u062a\u06cc \u0645\u0647\u0645 \u0646\u0632\u062f\u06cc\u06a9 \u0645\u06cc\u200c\u0634\u0648\u062f.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-100419\" src=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_2356b8.webp\" alt=\"\" width=\"750\" height=\"525\" srcset=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_2356b8.webp 750w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_2356b8-300x210.webp 300w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_2356b8-640x448.webp 640w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_2356b8-340x238.webp 340w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_2356b8-460x322.webp 460w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_2356b8-112x78.webp 112w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_2356b8-160x112.webp 160w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_2356b8-290x203.webp 290w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_2356b8-475x333.webp 475w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_2356b8-360x252.webp 360w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2026\/04\/a_2356b8-36x25.webp 36w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/p>\n<p>\u0633\u0646\u062a\u06cc\u0645\u0646\u062a \u0645\u06cc\u200c\u06af\u0648\u06cc\u062f \u0639\u0628\u0648\u0631 \u0627\u0632 <strong>\u06f8\u06f0\u066c\u06f0\u06f0\u06f0 \u062f\u0644\u0627\u0631<\/strong> \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u0645\u0639\u0627\u0645\u0644\u0647\u200c\u06af\u0631\u0627\u0646 \u0628\u06cc\u0634\u062a\u0631\u06cc \u0631\u0627 \u0628\u0647 \u0628\u0627\u0632\u0627\u0631 \u0628\u0627\u0632\u06af\u0631\u062f\u0627\u0646\u062f. \u0628\u0627 \u0627\u06cc\u0646 \u062d\u0627\u0644\u060c \u0627\u06cc\u0646 \u0634\u0631\u06a9\u062a \u0647\u0634\u062f\u0627\u0631 \u062f\u0627\u062f \u06a9\u0647 \u0634\u06a9\u0633\u062a \u0627\u06cc\u0646 \u0633\u0637\u062d \u0645\u0639\u0646\u0627\u062f\u0627\u0631\u062a\u0631 \u062e\u0648\u0627\u0647\u062f \u0628\u0648\u062f \u0627\u06af\u0631 \u067e\u0633 \u0627\u0632 \u06a9\u0627\u0647\u0634 \u0646\u0633\u0628\u06cc \u0622\u067e\u062a\u06cc\u0645\u06cc\u0633\u0645 \u0631\u062e \u062f\u0647\u062f. \u06af\u0632\u0627\u0631\u0634\u200c\u0647\u0627 \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u0646\u062f \u0635\u0639\u0648\u062f\u06cc \u06a9\u0647 \u0628\u0631 \u067e\u0627\u06cc\u0647 \u0647\u06cc\u062c\u0627\u0646 \u0627\u0648\u062c \u0633\u0627\u062e\u062a\u0647 \u0634\u0648\u062f\u060c \u0645\u0639\u0645\u0648\u0644\u0627\u064b \u067e\u0627\u06cc\u062f\u0627\u0631\u06cc \u06a9\u0645\u062a\u0631\u06cc \u0646\u0633\u0628\u062a \u0628\u0647 \u0635\u0639\u0648\u062f\u06cc \u062f\u0627\u0631\u062f \u06a9\u0647 \u062a\u062f\u0631\u06cc\u062c\u06cc\u200c\u062a\u0631 \u0634\u06a9\u0644 \u0645\u06cc\u200c\u06af\u06cc\u0631\u062f.<\/p>\n<p>\u0645\u0627\u06cc\u06a9\u0644 \u0648\u0646 \u062f \u067e\u0627\u067e (Michael van de Poppe)\u060c \u0645\u0639\u0627\u0645\u0644\u0647\u200c\u06af\u0631 \u0648 \u062a\u062d\u0644\u06cc\u0644\u06af\u0631\u060c \u0631\u0648\u0632 \u067e\u0646\u062c\u0634\u0646\u0628\u0647 \u0627\u0638\u0647\u0627\u0631 \u062f\u0627\u0634\u062a \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0641\u0636\u0627\u06cc \u06a9\u0627\u0641\u06cc \u0628\u0631\u0627\u06cc \u062d\u0631\u06a9\u062a \u0628\u0647 \u0633\u0645\u062a <strong>\u06f8\u06f6\u066c\u06f0\u06f0\u06f0 \u062f\u0644\u0627\u0631<\/strong> \u0631\u0627 \u062f\u0627\u0631\u062f. \u067e\u06cc\u0634\u200c\u0628\u06cc\u0646\u06cc \u0627\u0648 \u06cc\u06a9 \u0634\u0631\u0637 \u062f\u0627\u0631\u062f: \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0628\u0627\u06cc\u062f \u0628\u0627\u0644\u0627\u06cc <strong>\u06f7\u06f5\u066c\u06f0\u06f0\u06f0 \u062f\u0644\u0627\u0631<\/strong> \u0628\u0627\u0642\u06cc \u0628\u0645\u0627\u0646\u062f\u060c \u062f\u0631 \u063a\u06cc\u0631 \u0627\u06cc\u0646 \u0635\u0648\u0631\u062a \u062d\u0631\u06a9\u062a \u0635\u0639\u0648\u062f\u06cc \u062c\u0627\u06cc \u067e\u0627\u06cc \u062e\u0648\u062f \u0631\u0627 \u0627\u0632 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[&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":100423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","post_view":1135},"categories":[909],"tags":[1762],"bitpin_posts":[],"video_cat":[],"video_tag":[],"article_group":[],"class_list":["post-100406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-1762"],"acf":[],"_links":{"self":[{"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/posts\/100406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/comments?post=100406"}],"version-history":[{"count":0,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/posts\/100406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/media\/100423"}],"wp:attachment":[{"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/media?parent=100406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/categories?post=100406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/tags?post=100406"},{"taxonomy":"bitpin_posts","embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/bitpin_posts?post=100406"},{"taxonomy":"video_cat","embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/video_cat?post=100406"},{"taxonomy":"video_tag","embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/video_tag?post=100406"},{"taxonomy":"article_group","embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/article_group?post=100406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}