現在，二元持有集中式交易所可用的所有比特幣的23％

根據鍊鍊數據，二比現在佔集中式交易所可用的所有比特幣的23％。

Binance now holds 23% of all Bitcoin available on centralized exchanges, according to on-chain data from ChainGlass and recent analysis.

根據Chainglass的鍊鍊數據和最近的分析，Binance現在佔集中式交易所可用的所有比特幣的23％。

This share places the exchange in a leading position in terms of Bitcoin custody, well ahead of its competitors. Despite widespread outflows from centralized platforms, Binance’s reserves have allegedly stayed the same.

這份份額將交易所在比特幣監護方面處於領先地位，遠遠領先於其競爭對手。儘管來自集中式平台的廣泛流出，但據稱Binance的儲備仍然保持不變。

Since the market correction of March 2020, Binance has gradually increased its share of Bitcoin held on exchanges. Other platforms, such as Coinbase (NASDAQ:), have seen steady reserve depletion, while Binance has accumulated. This trend ultimately contributes to a more concentrated distribution of Bitcoin liquidity.

自2020年3月的市場糾正以來，二錢逐漸增加了其在交易所中的比特幣份額。其他平台，例如Coinbase（NASDAQ :)，已經看到了穩定的儲備耗盡，而Binance則積累了。這種趨勢最終導致比特幣流動性的分佈更加集中。

Binance’s dominant position may reflect investor preference for large platforms that offer deeper liquidity and established infrastructure. However, some analysts have raised concerns about the risks associated with centralization in an otherwise decentralized market.

Binance的主導地位可能反映了投資者對提供更深入流動性和建立基礎設施的大型平台的偏好。但是，一些分析師對在原本分散的市場中與集中化相關的風險提出了擔憂。

Rising Outflows Signal Growing Long-Term Holding Behavior

流出的上升信號信號增長了長期持有行為

Recent data from CryptoQuant shows that Bitcoin outflows from exchanges are at their highest levels since February 2023. The 100-day moving average of net exchange flows is at its lowest point in over a year.

來自CryptoQuant的最新數據表明，自2023年2月以來，交易所的比特幣流出處於其最高水平。淨匯率流量的100天移動平均值是一年多以來的最低點。

This trend suggests that more users are choosing to withdraw their assets from exchanges and possibly move them to cold storage. The decreased outflows also signal a preference for long-term holding over short-term trading.

這種趨勢表明，越來越多的用戶選擇從交易所撤回其資產，並可能將其轉移到冷藏中。流出的下降還表示偏愛長期持有而不是短期交易。

The number of addresses depositing Bitcoin to exchanges has also declined. According to analyst Axel Adler Jr., the 30-day moving average of this metric has dropped to a level last seen in December 2016.

將比特幣存入交換的地址數量也有所下降。根據分析師Axel Adler Jr.的說法，該指標的30天移動平均值已下降到2016年12月上次出現的水平。

“This trend is bullish in itself,” Adler said, adding that the shift represents “a fourfold reduction in coin sales over the last three years.”

阿德勒說：“這種趨勢本身就是看好的。”他補充說，這種轉變代表了“過去三年中硬幣銷售的四倍”。

The decline in exchange deposits is often interpreted as a signal of reduced selling pressure. The current market structure may support a more stable price environment with fewer coins being made available for sale.

交換存款的下降通常被解釋為銷售壓力降低的信號。當前的市場結構可能支持更穩定的價格環境，而較少的硬幣可供出售。

Bitcoin Shows Early Signs Of Decoupling From Traditional Assets

比特幣顯示與傳統資產分離的早期跡象

In the past week, Bitcoin (BTC) gained over 10% against the U.S. dollar. At the same time, its correlation with major indices like the S&P 500 and Nasdaq Composite has weakened.

在過去的一周中，比特幣（BTC）兌美元匯率上漲了10％以上。同時，它與標準普爾500指數和納斯達克復合材料（S＆P 500和納斯達克復合材料）的主要指數的相關性削弱了。

Data shows BTC’s correlation with the S&P 500 dropped from 0.88 in late 2024 to 0.77. Its correlation with the Nasdaq declined from 0.91 in January 2025 to 0.83.

數據顯示，BTC與標準普爾500指數的相關性從2024年底的0.88降至0.77。它與納斯達克的相關性從2025年1月的0.91下降到0.83。

This trend suggests Bitcoin may be starting to decouple from equities. In recent years, Bitcoin closely mirrored stock movements during periods of macroeconomic volatility. Now, it is charting a more independent path.

這種趨勢表明，比特幣可能開始與股票解散。近年來，比特幣在宏觀經濟波動時期緊密反映了庫存運動。現在，它正在繪製一個更獨立的路徑。

Global analysts have attributed the shift to a weakening U.S. dollar and potential progress in geopolitical negotiations. While these factors remain speculative, they may influence investor sentiment toward risk-on digital assets.

全球分析師將這一轉變歸因於美元削弱和地緣政治談判的潛在進步。儘管這些因素仍然是推測性的，但它們可能會影響投資者對風險數字資產的情緒。

Bitcoin And Gold Show Increasing Similarities

比特幣和黃金表現出越來越多的相似之處

As Bitcoin moves further from equities, its correlation with gold is rising. In early April, BTC’s correlation with gold stood at -0.62. That figure has now improved to -0.31.

隨著比特幣與股票的進一步發展，其與黃金的相關性正在上升。在4月初，BTC與黃金的相關性為-0.62。該數字現在已提高到-0.31。

Both Bitcoin and gold are regarded as stores of value with limited supply. Bitcoin’s capped supply of 21 million coins supports its comparison to gold during inflationary or uncertain economic periods.

比特幣和黃金都被視為供應有限的價值存儲。比特幣的封頂供應2100萬枚硬幣支持其在通貨膨脹或不確定的經濟期間與黃金的比較。

Historical data shows Bitcoin often trails gold’s price movements with a lag. If gold maintains upward momentum, Bitcoin could follow suit in the months ahead—though such patterns remain dependent on broader sentiment and market reactions.

歷史數據表明，比特幣經常以滯後的方式拖延黃金的價格變動。如果黃金保持向上的動力，則比特幣可以在未來幾個月內效仿，儘管這種模式仍然取決於更廣泛的情感和市場反應。