比特幣（BTC）在最近的價格復興中湧出交流

在過去的三周中，玻璃節數據顯示，投資者從加密貨幣交易所中提取了價值超過100億美元的比特幣，這對於加密貨幣來說可能是超級票房。

Investors have pulled billions of dollars worth of Bitcoin from crypto exchanges amid its recent price resurgence.

由於其最近的價格復興，投資者已經從加密交易所中提取了價值數十億美元的比特幣。

And that could spell good news for the cryptocurrency, as it may signal an impending supply crunch.

這對於加密貨幣來說可能是個好消息，因為這可能標誌著即將來臨的供應緊縮。

Over the past three weeks, investors have pulled more than $10 billion worth of Bitcoin from crypto exchanges, Glassnode data shows.

GlassNode數據顯示，在過去的三周中，投資者從加密貨幣交易所中提取了價值超過100億美元的比特幣。

After a steep decline in early 2023, Bitcoin's presence on exchange wallets dropped notably over the past month, signaling a strong seven-week outflow.

在2023年初急劇下降之後，比特幣在交換錢包上的存在在過去一個月中顯著下降，這表明七個星期的出口強勁。

The move comes as Bitcoin surged 24% in the last month and rose as high as $105,000 this week, after testing the $90,000 level last week.

此舉是因為上個月比特幣飆升了24％，本週在上週測試了90,000美元的水平後，本週上漲了105,000美元。

Bitcoin's move past $100,000 confirms the strength of the recovery and may set the stage for new all-time highs, Bitfinex analysts said.

Bitfinex分析師說，比特幣的舉動超過了100,000美元，證實了恢復的實力，並可能為新的歷史最高點奠定了基礎。

However, the world’s largest cryptocurrency could be setting itself up for a steeper fall if the U.S. government seizes and liquidates a large portion of crypto in its ongoing case against Binance.

但是，如果美國政府在持續反對Binance的情況下抓住並清算了很大一部分加密貨幣，那麼世界上最大的加密貨幣可能會使自己變得更加陡峭。

Bitcoin's trajectory is undeniably upward, hybrid layer 2 network BoB co-founder Dom Harz said.

混合層2網絡Bob聯合創始人Dom Harz說，比特幣的軌跡無疑是向上的。

"We've seen a consistent increase in Bitcoin's price over the past few months, and this upward trend is likely to continue," Harz said.

哈茲說：“在過去的幾個月中，我們已經看到比特幣的價格持續上漲，這一上升趨勢可能會持續下去。”

"As we move into the second half of 2024, we can anticipate further gains in Bitcoin's value."

“隨著我們進入2024年下半年，我們可以預料到比特幣的價值會得到進一步的收益。”

A lack of sellers and rising demand for Bitcoin has led to a steep decline in exchange liquidity and a corresponding increase in coin scarcity, which in turn drives up prices.

缺乏賣方和對比特幣的需求不斷增加，導致交換流動性的急劇下降和硬幣稀缺性的相應增加，這反過來促進了價格。

"We're observing a substantial reduction in Bitcoin's presence on exchanges, which is noteworthy because it's an indicator of the cryptocurrency's supply," said TokenMind founder and CEO Dmitry Litvinov.

TokenMind創始人兼首席執行官Dmitry Litvinov說：“我們正在觀察到比特幣在交易所的存在大大減少，這值得注意，因為這是加密貨幣供應的指標。”

"As less Bitcoin remains on exchanges, it becomes more challenging to sell and exert downward pressure on prices."

“隨著比特幣在交易所中持續的較少，出售和向下降施加壓力變得更具挑戰性。”

However, another Bitcoin analyst, James Check, isn't convinced by the outflow narrative.

但是，另一位比特幣分析師James Check並沒有被流出敘述所相信。

A portion of the coins flowing out of exchanges are likely coins migrating between exchange-traded fund custodians and exchange cold wallets, as these entities reshuffle their balances, Check argued in a blog post this week.

Check在本週的博客文章中在一篇博客文章中爭辯說，從交易所交流的一部分硬幣可能是在交易所交易的基金保管人和交換冷錢包之間遷移的硬幣。

And when filtering the data for wallet shuffling, exchange balances have remained flat for the last five years, Check said.

Check說，在過濾錢包改組的數據時，交換餘額在過去五年中一直保持平坦。

Market data from CryptoQuant shows Bitcoin balance on exchanges peaked at 3.4 million coins in 2022 but has since declined to about 2.6 million coins worth $263 billion.

來自CryptoQuant的市場數據顯示，交易所的比特幣平衡在2022年達到340萬硬幣，但此後跌至約260萬硬幣，價值2630億美元。

But there isn't any causal link between Bitcoin outflows and price booms.

但是比特幣流出和價格繁榮之間沒有任何因果關係。

"This happens every cycle," Check said, and dismissed the supply squeeze claims as bullish folklore.

檢查說：“這發生在每個週期。”

Another Bitcoin analyst, Mark Helfman, called the supply squeeze narrative "a terrible myth" in a blog post last year.

另一位比特幣分析師馬克·赫爾夫曼（Mark Helfman）在去年的博客文章中稱供應擠壓敘事為“可怕的神話”。

Helfman said only a small fraction of Bitcoin transacted daily are withdrawn from exchanges.

赫爾夫曼說，每天只撤回一小部分比特幣交易。