比特幣（BTC）交易淨流量剛剛達到正值，這意味著什麼

鏈上數據顯示，幣安交易所在過去一天收到大量比特幣淨流入，顯示BTC的跌勢可能會進一步擴大。

On-chain data shows the Binance exchange has received large net Bitcoin inflows during the past day, indicating that BTC’s decline may extend further.

鏈上數據顯示，幣安交易所在過去一天收到大量比特幣淨流入，顯示BTC的跌勢可能會進一步擴大。

Bitcoin Binance Netflow Has Just Taken To Positive Values

比特幣 Binance Netflow 剛達到正值

In a new post on X, CryptoQuant community manager Maartunn discussed the latest trend in the Bitcoin exchange netflow for the cryptocurrency exchange Binance.

在 X 上的一篇新文章中，CryptoQuant 社群經理 Maartunn 討論了加密貨幣交易所 Binance 的比特幣交易淨流的最新趨勢。

The “exchange netflow” here refers to an on-chain metric that measures the net amount of Bitcoin entering or exiting out of the wallets attached to any given exchange. The indicator’s value is calculated by subtracting the outflows from the inflows.

這裡的「交易所淨流量」是指一種鏈上指標，用於衡量進入或退出任何給定交易所的錢包的比特幣淨額。此指標的值是透過流入減去流出來計算的。

When the metric’s value is positive, the inflows overwhelm the outflows, and a net number of tokens enter the platform. As one of the main reasons investors deposit to exchanges is for selling purposes, this trend can be bearish for BTC.

當指標值為正時，流入量超過流出量，並且有淨數量的代幣進入平台。由於投資者向交易所存入資金的主要原因之一是出於出售目的，因此這一趨勢可能對 BTC 不利。

On the other hand, the negative indicator suggests the exchange is observing net withdrawals currently, which may be a bullish sign for cryptocurrency in the long term, as it implies investors are potentially taking coins off into self-custody for HODLing.

另一方面，負面指標表明該交易所目前正在觀察淨提款，從長遠來看，這可能是加密貨幣的看漲信號，因為這意味著投資者可能會將代幣進行自我託管以進行長期持有。

Now, here is a chart that shows the trend in the Bitcoin exchange netflow specifically for Binance over the past week:

現在，下面的圖表顯示了過去一周幣安的比特幣交易淨流量趨勢：

As displayed in the above graph, the Bitcoin Binance exchange netflow has held positive values during the recent plummet in the cryptocurrency’s price, suggesting that the platform has been receiving net deposits.

如上圖所示，在最近加密貨幣價格暴跌期間，比特幣幣安交易所淨流量保持正值，顯示該平台一直在接收淨存款。

Interestingly, the metric has registered positive values even after the price decline has stopped, and its spikes have only been larger. This could mean that the whale entities only plan to sell more, which could be bad news for the asset.

有趣的是，即使在價格下跌停止後，該指標仍呈現正值，而且其高峰只會更大。這可能意味著鯨魚實體只計劃出售更多，這對該資產來說可能是個壞消息。

So far, Bitcoin has made some recovery since these net inflows to the number one cryptocurrency exchange by trading volume have appeared, implying that the whales may not have pulled the trigger on their selling yet.

到目前為止，比特幣已經取得了一些復甦，因為交易量排名第一的加密貨幣交易所的淨流入已經出現，這意味著鯨魚可能還沒有開始拋售。

It remains to be seen if these deposits have a bearish effect on the asset, thus elongating the drawdown, or if they have made the inflows for purposes other than selling.

這些存款是否會對資產產生看跌影響，從而延長回撤時間，或者它們的流入是否用於出售以外的目的，還有待觀察。

In other news, an old Bitcoin whale appears to have moved many tokens in the past day, as Maartunn pointed out in another X post.

在其他新聞中，正如 Maartunn 在另一篇 X 帖子中指出的那樣，一隻舊的比特幣鯨魚似乎在過去一天轉移了許多代幣。

This Bitcoin whale has transferred 700 BTC (around $45.4 million at the current exchange rate), which has been dormant for over ten years.

這隻比特幣鯨魚已經轉移了 700 BTC（按當前匯率計算約為 4540 萬美元），這些資金已經休眠了十多年。

BTC Price

比特幣價格

Bitcoin plunged to $63,400 during its latest decline, but the asset has since rebounded to $64,800.

比特幣在最近一次下跌期間暴跌至 63,400 美元，但此後該資產已反彈至 64,800 美元。