比特幣（BTC）從加密貨幣交換中消失，因為公司國庫和主權財富基金積累了資產

根據Fidelity Digital Assets的數據，對加密貨幣交易所的比特幣儲備已暴跌至260萬BTC，這是自2018年11月以來的最低水平。

Bitcoin (BTC) is rapidly disappearing from cryptocurrency exchanges as both corporate treasuries and sovereign wealth funds are accumulating the asset, creating a supply squeeze that could reshape market dynamics.

比特幣（BTC）迅速從加密貨幣交換中消失，因為公司國庫和主權財富基金都在積累資產，從而產生了可以重塑市場動態的供應壓縮。

This trend, which has been slowly unfolding for months, is gathering pace as institutions increasingly view bitcoin as a hedge against inflation and market volatility.

這種趨勢已經慢慢發展了幾個月，隨著機構越來越多地將比特幣視為抵制通貨膨脹和市場波動性的對沖。

Fidelity Data Shows Bitcoin Moving to Long-Term Holders at Record Pace

保真度數據顯示比特幣以創紀錄的速度移至長期持有人

Bitcoin reserves on cryptocurrency exchanges have now fallen to 2.6 million BTC, the lowest level since November 2018, according to Fidelity Digital Assets.

根據Fidelity Digital Assets的數據，對加密貨幣交易所的比特幣儲備現已下降到260萬BTC，這是自2018年11月以來的最低水平。

The firm reports that over 425,000 BTC have moved off exchanges since November 2024, and public companies alone have acquired nearly 350,000 BTC following the U.S. election.

該公司報告說，自2024年11月以來，超過425,000 BTC已撤離交流，僅上市公司就在美國大選後獲得了近35萬BTC。

"Since the beginning of 2025, these buyers have been acquiring more than 30,000 BTC monthly," the report stated.

報告說：“自2025年初以來，這些買家每月收購30,000多個BTC。”

Fidelity attributes this shift to a strategic move by institutional players to hold bitcoin for the long term.

Fidelity將這一轉變歸因於機構參與者長期持有比特幣的戰略舉動。

"We anticipate this trend accelerating in the near future with the increasing role cryptocurrencies are playing in corporate treasury strategies," the report stated.

報告說：“我們預計這種趨勢在不久的將來會加快加密貨幣在公司財政策略中的越來越多的作用。”

This aligns with recent reports of sovereign wealth funds quietly accumulating bitcoin as a hedge against U.S. dollar weakness and inflation.

這與最近關於主權財富基金悄然積累比特幣的報導相吻合，這是對美元的弱點和通貨膨脹的對沖。

The parallel movements reveal a fundamental market transformation. Corporate treasuries are treating bitcoin as a scarce reserve asset rather than a trading instrument.

平行運動揭示了基本的市場轉型。公司國庫將比特幣視為稀缺的儲備資產，而不是交易工具。

With continued accumulation happening, bitcoin's migration from exchange wallets to institutional custody solutions may already be entering a new phase of acceleration.

隨著持續積累的發生，比特幣從交換錢包到機構監護解決方案的遷移可能已經進入了新的加速階段。

These shifts could reshape bitcoin's market dynamics at the core—tightening supply while elevating its standing as a scarce macro asset in the same realm as gold.

這些轉變可以重新設計比特幣的市場動態 - 蓄能供應，同時提高其在與黃金相同領域的稀缺宏觀資產中提高地位。

As retail investors, high-net-worth individuals, companies, and even nation-states vie for slices of the same finite pie, bitcoins held on exchanges are expected to keep dwindling.

隨著散戶投資者，高淨值個人，公司甚至民族國家都爭奪相同有限派的切片，預計在交易所舉行的比特幣將繼續下降。

Still, during price climbs, sellers occasionally flood platforms, causing a temporary uptick in balances.

儘管如此，在價格上漲期間，賣家偶爾會洪水平台，導致餘額暫時上升。