比特幣（BTC）和以太坊（ETH）供應交流量有史以來低點

為了表明加密貨幣市場的成熟度的日益增加，比特幣（BTC）和以太坊（ETH）都成為頭條新聞，因為它們在集中式交流上的供應量達到了歷史性的低點。

Both Bitcoin (BTC) and Ethereum (ETH) have reached historic lows in terms of supply on centralized exchanges, highlighting the crypto market's increasing maturity and potential for future upside.

比特幣（BTC）和以太坊（ETH）在集中式交流方面都達到了歷史性的低點，強調了加密貨幣市場的越來越多的成熟度和未來上升空間的潛力。

According to on-chain analytics firm Santiment, only 7.1% of Bitcoin's total supply is now held on exchanges, the lowest since November 2018. Ethereum's supply on exchanges has dipped even further, falling below 4.9% for the first time in its more than 10-year history.

根據《鏈分析公司》的說法，現在只有比特幣總供應量的7.1％，是自2018年11月以來最低的。

Over the last five years, 1.7 million BTC and 15.3 million ETH have been pulled from exchanges, signaling that investors prefer holding their assets in private wallets, a hallmark of long-term conviction.

在過去的五年中，從交易所中撤出了170萬BTC和1,530萬ETH，這表明投資者更喜歡將其資產持有私人錢包，這是長期定罪的標誌。

This shift in supply dynamics paints a bullish picture for the future. Fewer coins available on exchanges typically indicate less short-term selling pressure, laying the groundwork for a potential price surge if favorable macroeconomic or market conditions align.

供應動力學的這種轉變為未來描繪了看漲的畫面。交易所上可用的硬幣通常表明短期銷售壓力較小，如果有利的宏觀經濟或市場狀況保持一致，則為潛在價格漲幅奠定了基礎。

output: TL;DRBoth Bitcoin (BTC) and Ethereum (ETH) have hit historic lows in terms of supply on centralized exchanges, a trend that signals the crypto market’s increasing maturity and potential for future upside. According to on-chain analytics firm Santiment, only 7.1% of Bitcoin’s total supply is now held on exchanges, the lowest since November 2018. Ethereum’s supply on exchanges has dipped even further, falling below 4.9% for the first time in its more than 10-year history.This is more than just a statistical milestone. Over the last five years, 1.7 million BTC and 15.3 million ETH have been pulled from exchanges. Why does this matter? Primarily because it suggests that investors prefer holding their assets in private wallets, a hallmark of long-term conviction. Moreover, it suggests a growing adoption of staking protocols and decentralized finance (DeFi) platforms, where assets can be used productively without being exposed to centralized risks.A Signal of Long-Term ConfidenceThis shift in supply dynamics paints a bullish picture for the future. Typically, fewer coins available on exchanges indicate less short-term selling pressure, setting the stage for a potential price surge if favorable macroeconomic or market conditions align. Indeed, whales and long-term holders appear to be positioning for future upside by keeping their assets off exchanges and in self-custody — a move that often precedes bull runs.Price Still Stagnant, But a Breakout Is BrewingDespite the positive fundamentals, the price action remains muted. Ethereum, for instance, continues to trade sideways between $2,300 and $2,580, with key support at $2,100 and resistance around $2,800, according to analyst DaanCrypto. Bitcoin is showing similar consolidation behavior. This pattern suggests that traders are waiting for a clear breakout trigger — potentially a major economic event or a significant technical shift.In the long run, however, the outlook remains promising. When supply on exchanges dries up, it often sets the stage for upward momentum. And with accelerating developments in tokenization, central bank digital currencies (CBDCs), and growing institutional interest, the crypto space is more poised than ever. The decentralized financial revolution is still in its early chapters.

輸出：TL; Drboth比特幣（BTC）和以太坊（ETH）在集中交易所的供應方面遭受了歷史性的低點，這一趨勢標誌著加密貨幣市場的成熟度日益增長和未來上升的潛力。根據《鏈分析公司》的說法，現在只有比特幣總供應量的7.1％在交易所中舉行，這是自2018年11月以來最低的。以太坊的交流供應量進一步下降，在其10年以上的歷史上首次低於4.9％，這是一個超過10年的歷史。在過去的五年中，從交流中撤出了170萬BTC和1,530萬ETH。為什麼這很重要？主要是因為它表明投資者更喜歡將其資產持有私人錢包，這是長期定罪的標誌。此外，這表明越來越多地採用了樁規程和分散融資（DEFI）平台，在那裡可以有效地使用資產而不會受到集中風險的影響。供應動力學的長期認可的信號為未來提供了看漲的圖片。通常，交易所上可用的硬幣較少表明短期銷售壓力較小，如果有利的宏觀經濟或市場狀況保持一致，則為潛在價格漲幅奠定了基礎。的確，鯨魚和長期持有人似乎通過使資產遠離交流和自我顧客來為將來的上升空間定位 - 這一舉動通常是在牛市奔跑之前。例如，以太坊繼續向側面交易2,300美元至2,580美元，鑰匙支持為2,100美元，電阻約為2,800美元。比特幣顯示出相似的合併行為。這種模式表明，交易者正在等待明確的突破性觸發因素 - 可能是一個重大的經濟事件或重大的技術轉變。但是，從長遠來看，前景仍然很有希望。當交換上的供應乾燥時，它通常為向上的動力設定舞台。隨著代幣化的加速發展，中央銀行數字貨幣（CBDC）以及日益增長的機構興趣，加密貨幣空間比以往任何時候都更加平衡。分散的金融革命仍在其早期章節中。