比特幣 (BTC) 非流動性實體目前佔據了創紀錄的 74% 的流通供應量

加密貨幣市場最近發生了一則重要消息：非流動性實體目前持有比特幣流通供應量的創紀錄的 74%。

A recent development in the cryptocurrency market has seen illiquid entities, such as long-term holders and cold wallets, accumulating a record high of 74% of Bitcoin's circulating supply, according to data tracked by ETC Group. This concentration of bitcoin in illiquid wallets has several implications for the market.

根據 ETC Group 追蹤的數據，加密貨幣市場最近的發展表明，長期持有者和冷錢包等非流動性實體累積了比特幣流通供應量的 74%，創下歷史新高。比特幣集中在非流動性錢包中對市場有幾個影響。

What is an Illiquid Entity?

什麼是非流動實體？

An illiquid entity is defined as an address or wallet that holds bitcoins but does not trade them frequently. In other words, these BTC are “frozen” and do not actively circulate in the market. Currently, these entities possess 14.61 million BTC! This equates to 74% of the total circulating supply of 19.75 million BTC.

非流動性實體被定義為持有比特幣但不經常交易的地址或錢包。換句話說，這些BTC被“凍結”，不會在市場上積極流通。目前，這些實體擁有1461萬比特幣！這相當於 1,975 萬比特幣總流通量的 74%。

This concentration of bitcoin in illiquid wallets has several implications. First, it reduces the amount of BTC available for active trading, which can potentially increase the scarcity and, consequently, the value of the cryptocurrency. Indeed, reduced supply in the face of constant or growing demand can drive up prices.

比特幣集中在非流動性錢包中具有多種影響力。首先，它減少了可用於活躍交易的比特幣數量，這可能會增加稀缺性，從而增加加密貨幣的價值。事實上，在需求持續或成長的情況下減少供應可能會推高價格。

Furthermore, this situation reflects increased confidence among Bitcoin (BTC) holders in the long-term value of the cryptocurrency. Investors who choose to hold their bitcoins rather than sell them signal their belief that BTC's price will continue to increase in the future.

此外，這種情況反映出比特幣（BTC）持有者對加密貨幣長期價值的信心增強。選擇持有比特幣而不是出售比特幣的投資者表明他們相信比特幣的價格未來將繼續上漲。

As more bitcoins become illiquid, the market might see reduced volatility. Fewer BTC available for trading means fewer price fluctuations caused by massive sell-offs. However, this could also make the market more sensitive to movements when large amounts of bitcoin are eventually traded.

隨著越來越多的比特幣變得缺乏流動性，市場的波動性可能會減少。可用於交易的比特幣越少，代表大規模拋售造成的價格波動就越小。然而，當大量比特幣最終進行交易時，這也可能使市場對趨勢更加敏感。

The rise of illiquid entities controlling a record share of Bitcoin's circulating supply is a major development. It could have lasting effects on the crypto market, which starts poorly this September. Investors and market observers will need to closely monitor this trend to understand its long-term implications.

控制比特幣流通供應量創紀錄份額的非流動性實體的崛起是一項重大發展。這可能會對今年 9 月開局不佳的加密貨幣市場產生持久影響。投資者和市場觀察人士需要密切關注這一趨勢，以了解其長期影響。