Binance上的比特幣（BTC）交易所最近崩潰了，看漲標誌？

鏈上的數據顯示，Binance平台的比特幣交易所最近暴跌，這一標誌可能是BTC的價格。

On-chain data shows the Bitcoin Exchange Reserve for the Binance platform has plummeted recently, a sign that could be bullish for BTC’s price.

鏈上的數據顯示，Binance平台的比特幣交易所最近暴跌，這一標誌可能是BTC的價格。

Bitcoin Binance Exchange Reserve Crashes As Investors Pull Out Funds

比特幣二手貨幣儲備墜毀，投資者撤出資金

As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin Exchange Reserve for Binance has seen a large decline since mid-April. The “Exchange Reserve” here refers to an indicator that keeps track of the total amount of BTC that’s sitting in the wallets of a given centralized exchange.

正如分析師在一個加密快速帖子中指出的那樣，自4月中旬以來，Binance的比特幣交易所儲備大幅下降。這裡的“交易儲備”是指一個指標，該指標可以跟踪坐在給定集中式交易所錢包中的BTC總數。

When the value of this metric goes up, it means the investors are depositing a net number of tokens of the asset into the platform. As one of the main reasons why holders transfer their coins to exchanges is for selling-related purposes, this kind of trend can have a bearish effect on the cryptocurrency’s price.

當該指標的價值上升時，這意味著投資者正在將資產的淨數量存儲到平台中。作為持有人將硬幣轉移到交換的主要原因之一是出於銷售相關的目的，這種趨勢可能會對加密貨幣的價格產生看跌作用。

On the other hand, the indicator observing a decline suggests the outflows are overwhelming the inflows and a net amount of the asset is leaving the exchange. Such a trend can be a sign that the investors are accumulating, which can naturally be bullish for BTC.

另一方面，觀察到下降的指標表明流出量使流入壓倒了，資產淨額正在離開交換。這樣的趨勢可能表明投資者正在積累，這自然可以看漲BTC。

Now, here is the chart that shows the trend in the Bitcoin Exchange Reserve for the cryptocurrency exchange Binance over the last couple of years:

現在，以下圖表顯示了過去幾年中加密貨幣交易所二進制比特幣交易所儲備的趨勢：

The above chart, which is from CryptoQuant's analysis, shows the Bitcoin Binance Exchange Reserve has been following a steep downward trajectory since mid-April, implying that the investors have been in net withdrawal mode.

上面的圖表來自CryptoQuant的分析，表明比特幣二元交易所儲備自4月中旬以來一直沿著陡峭的向下軌跡，這意味著投資者處於淨撤回模式。

In total, the platform has seen the outflow of around 51,000 BTC ($4.8 billion) during this period. Considering the large amount involved, it’s likely that whale-sized holders are behind the moves.

在此期間，該平台總共看到了約51,000 BTC（48億美元）的流出。考慮到涉及的大量數量，鯨魚大小的持有人可能是在動作後面的。

These latest large outflows from the exchange have accompanied a recovery rally in the BTC price. From the chart, it’s visible that a similar trend was also seen in the last two months of 2024.

這些交易所的最新大量流出伴隨著BTC價格的恢復集會。從圖表中可以看到，在2024年的最後兩個月中也出現了類似的趨勢。

Back then, the Bitcoin bull run hit a top at around the same time as the bottom in the metric. Considering this trend, it’s possible that the rally in the asset’s price may also be able to continue so long as the current trend of a decline in the Exchange Reserve continues for Binance.

那時，比特幣公牛跑步與度量標準中的底部大約同時達到了頂峰。考慮到這一趨勢，只要當前的交易所儲備金持續下降，資產價格的集會也可能會持續下去。

That said, in today’s market, exchanges are no longer as relevant as they once used to be, due to the emergence of other gateways like the spot exchange-traded funds (ETFs). Thus, while exchange withdrawals can still be a bullish sign, where BTC would head next also comes down to how the other parts of the sector are looking.

也就是說，在當今市場上，由於諸如現貨交易所交易基金（ETF）等其他網關的出現，交流不再像以前那樣重要。因此，儘管交換取款仍然可能是看漲的跡象，而BTC接下來也將歸結於該行業的其他部分的樣子。

BTC Price

BTC價格

Bitcoin made recovery beyond the $97,000 level just a few days ago, but it seems the coin has faced a pullback since then as it’s declined to $94,000 to kick off the new week.

比特幣在幾天前就恢復了97,000美元的水平，但從那時起，硬幣似乎面臨著回調，因為它降至94,000美元，開始了新的一周。