比特幣（BTC）流動性供應量達到了歷史最高點

比特幣已經看到了當前牛市最大的30天流動性供應增加。現在，流動性供應量比以往任何時候都超過1400萬BTC。

Key Points

關鍵點

Illiquid BTC supply has hit a new all-time high of 14 million BTC.

流動性的BTC供應已經達到了1400萬BTC的新歷史最高點。

The 30-day rolling increase in illiquid supply is now at its largest point of the current bull market.

現在，流動性供應量增加了30天，現在是目前牛市的最大點。

As the price returns to six figures, whales are still accumulating.

隨著價格返回六位數，鯨魚仍在積累。

Bitcoin (BTC) investors are rendering BTC supply less liquid than at any point in its 90-plus years of existence.

比特幣（BTC）投資者的供應BTC的液體比在其90多年以上的任何時刻都要少。

Data from onchain analytics platform Glassnode shows that Bitcoin’s “illiquid supply” has reached a record 14 million BTC.

OnChain Analytics平台玻璃節點的數據顯示，比特幣的“流動性供應”已達到創紀錄的1400萬BTC。

Bitcoin illiquid supply returns to all-time highs

比特幣不流動的供應恢復到歷史高點

Bitcoin is increasingly falling into the hands of entities that do not sell what they acquire.

比特幣越來越多地落入不出售其收購物品的實體的手中。

Glassnode, which charts the portion of the BTC supply owned by so-called “illiquid entities,” reveals that this has reached levels not seen during the current bull market.

GlassNode繪製了所謂的“流動性非洲實體”擁有的BTC供應部分的一部分，他表明，這已經達到了當前牛市中未見的水平。

An entity is considered illiquid if the ratio between its cumulative BTC inflows and outflows is below a certain value.

如果其累積的BTC流入和流出之間的比率低於一定值，則將其視為流動性。

“This ratio yields a number L between zero and one, with larger values indicating higher liquidity,” it explained in a dedicated guide.

它在專用指南中解釋說：“該比率在零和一個之間產生了一個數量L，其值表明流動性較高。”

Illiquid supply stood at just over 14 million BTC this week, with the 30-day rolling increase coming in at 180,000 BTC, its largest jump since December 2022.

流動性的供應量本周剛剛超過1400萬BTC，自2022年12月以來，30天的滾動增加到180,000 BTC。

At the time, the previous bear market was coming to an end, with BTC/USD declining 77% to hit long-term lows of just above $15,000 in the process.

當時，以前的熊市即將結束，在此過程中，BTC/美元下降了77％的長期低點超過15,000美元。

Chart of illiquid Bitcoin supply in 30-day rolling amounts and total supply in USD. Source: Glassnode

流動性的比特幣供應圖表為30天滾動金額和美元總供應。來源：玻璃節

As Cointelegraph continues to report, this bull cycle stands out in terms of investment trends thanks to increasing institutional participation.

隨著Cointelegraph繼續報告，由於機構參與的增加，該公牛週期在投資趨勢方面脫穎而出。

Corporate treasuries, such as that of business intelligence firm Strategy, have combined with the US spot Bitcoin exchange-traded funds (ETFs) to make Bitcoin a mainstream investment target.

諸如商業智能公司戰略之類的公司國庫與美國現貨比特幣交易所交易資金（ETF）相結合，使比特幣成為主流投資目標。

Onchain data likewise shows that Bitcoin whales have been accumulating throughout the recent BTC price rebound. Only retail investors appear to be panicking.

OnChain數據同樣表明，比特幣鯨在最近的BTC價格反彈中一直積累。只有散戶投資者似乎感到恐慌。

“Bitcoin’s key whale & shark tier (holding 10-10K BTC) have now accumulated 83,105 more BTC in the past 30 days,” research firm Santiment reported in an X post this week.

研究公司Santiment在本週的X帖子中報導：“在過去的30天中，比特幣的主要鯨魚和鯊魚層（持有10-10k BTC）現在增加了83,105個BTC。”