比特幣（BTC）恢復遇到阻力，因為資產仍然存在範圍

比特幣最近的恢復遇到了阻力，因為該資產仍然存在於93,00美元至97,00美元之間。自上個月末短暫攀登之後，BTC從那以後一直在努力保持向上的動力。

Bitcoin's recent recovery has encountered resistance as the asset remains range-bound between $93,000 and $97,000. After briefly climbing late last month, Bitcoin has struggled to maintain upward momentum.

比特幣最近的恢復遇到了阻力，因為資產仍然存在於93,000美元至97,000美元之間。在上個月末短暫攀登之後，比特幣一直在努力保持向上的動力。

At the time of writing, BTC is trading at approximately $94,305, reflecting a modest 1.3% decline over the past 24 hours. While price action has slowed, activity on the backend of the market suggests underlying shifts in investor behavior.

在撰寫本文時，BTC的交易約為94,305美元，反映了過去24小時的1.3％下降1.3％。儘管價格行動放緩，但市場的活動表明投資者行為的基本轉變。

New on-chain data points to a significant decrease in Bitcoin reserves held on Binance, the world's largest cryptocurrency exchange by trading volume.

新的鍊鍊數據指出，通過交易量通過交易量進行的Binance（全球最大的加密貨幣交易所交換）的比特幣儲量顯著下降。

One of CryptoQuant's contributors, Amr Taha, highlighted the development in a recent QuickTake post, signaling that over 51,000 BTC have been withdrawn from Binance wallets since mid-April.

CryptoQuant的一位貢獻者AMR TAHA強調了最近一篇QuickTake帖子的發展，表明自4月中旬以來，Binance錢包已從Binance錢包中撤出了超過51,000 BTC。

This drop has reduced exchange-held reserves by about 50%, decreasing from roughly 595,000 BTC to around 544,500 BTC, which could indicate a recalibration in investor strategy.

這種下降使交易所持有的儲量減少了約50％，從大約595,000 BTC減少到約544,500 BTC，這可能表明投資者戰略進行了重新校準。

What's Driving the Bitcoin Outflows from Binance?

是什麼驅動比特幣流出的二線？

According to Taha, multiple factors may be contributing to this steep decline in exchange-held reserves. One explanation involves institutional investors and long-term holders moving their Bitcoin into cold storage.

據塔哈（Taha）稱，多個因素可能導致交換儲量的這種急劇下降。一種解釋涉及機構投資者和長期持有人將其比特幣轉移到冷藏中。

This off-exchange behavior is typically interpreted as a signal of longer-term conviction, as these participants seek to secure assets while reducing the likelihood of short-term selling. Given the rise of custodial solutions and more institutional-grade wallets, this trend may reflect maturing market behavior.

這種非交換行為通常被解釋為長期定罪的信號，因為這些參與者試圖在減少短期銷售的可能性的同時確保資產。鑑於託管解決方案的興起和更多的機構錢包，這種趨勢可能反映了市場行為。

Another key factor could be the increasing use of Bitcoin within decentralized finance (DeFi) and cross-platform arbitrage strategies. Entities may be withdrawing BTC to access yield opportunities or deploy capital in other blockchain ecosystems.

另一個關鍵因素可能是在分散的財務（FAFI）和跨平台套利策略中越來越多地使用比特幣。實體可能正在撤回BTC以獲取收益機會或在其他區塊鏈生態系統中部署資本。

Moreover, the recent positive flows into Bitcoin spot exchange-traded funds (ETFs), especially between April 21 and May 1, where daily net inflows crossed the $2 billion mark on several occasions, may have encouraged larger players to accumulate and withdraw Bitcoin in anticipation of further price appreciation.

此外，最近的積極流入比特幣現貨交易所貿易資金（ETF），尤其是在4月21日至5月1日之間，每天的淨流入曾多次跨越20億美元的大關，可能會鼓勵更大的球員積累和撤回比特幣，以期獲得進一步的價格欣賞。

Exchange Reserve Trends Offer Signals Amid Price Consolidation

交易儲備趨勢在價格合併中提供信號

Although Bitcoin's price has remained largely stagnant over the past week, the shift in exchange reserve data could carry significant implications for future price action.

儘管在過去一周中，比特幣的價格在很大程度上停滯不前，但交易儲備數據的轉變可能對未來的價格行動產生重大影響。

Historically, a decrease in exchange reserves, particularly from major venues like Binance, has been associated with supply tightening. As fewer coins are readily available for sale, reduced liquidity can amplify the impact of incoming demand, especially in bullish phases.

從歷史上看，交換儲量的減少，尤其是從諸如Binance之類的主要場所，與供應收緊有關。由於容易出售的硬幣更少，因此降低的流動性可以擴大進出需求的影響，尤其是在看漲階段。

Taha emphasized that while short-term market performance may appear indecisive, tracking reserve metrics offers important clues about underlying sentiment.

塔哈（Taha）強調，儘管短期市場績效可能看起來優柔寡斷，但跟踪儲備指標提供了有關潛在情感的重要線索。

A consistent drawdown of BTC from exchange platforms often sets the stage for renewed price movement, especially when accompanied by institutional accumulation and long-term holding behavior.

來自交換平台的BTC始終如一地逐漸減少，通常為新的價格變動奠定了基礎，尤其是在伴隨機構積累和長期持有行為時。

If these patterns persist, they may contribute to reduced sell-side pressure, enabling Bitcoin to challenge its next resistance zones, including the psychological $100,000 level.

如果這些模式持續存在，它們可能會導致賣方壓力減輕，從而使比特幣挑戰其下一個阻力區，包括心理上的100,000美元。