比特幣價格上漲，交換供應量縮小

由於市場參與者為潛在的突破做準備，本週比特幣價格穩步交易接近104,000美元。

Bitcoin price traded steadily this week as market participants prepared for a potential breakout. A narrowing supply of Bitcoin across exchanges and OTC desks has created conditions that could spark a sharp upward move.

由於市場參與者為潛在的突破做準備，比特幣價格本週穩步交易。跨交易所和OTC桌子的比特幣供應狹窄，已經創造了可能引起急劇向上移動的條件。

Bitcoin Exchange Supply Hits 6-Year Low

比特幣交換供應量達到6年

Available Bitcoin on exchanges has fallen to the lowest level in over six years, setting the stage for a potential parabolic move in price. Centralized exchanges currently hold 2.17 million BTC. This compares to 2.72 million in January 2024.

交易所上可用的比特幣在六年來一直降至最低水平，為潛在的拋物線遷移奠定了基礎。目前，集中式交易所持有217萬BTC。相比之下，2024年1月相比之下。

A smaller exchange supply usually limits sell-side pressure and could support a strong move in the opposite direction. In January, when exchange supply fell below 2.5 million BTC, Bitcoin price went on to rally to over $100,000. Since then, the cryptocurrency has seen limited downside and tested the $90,000 support on several occasions.

較小的交換供應通常會限制賣方壓力，並可以朝相反的方向支撐強勁的舉動。一月份，當交易所供應量低於250萬BTC時，比特幣的價格繼續達到超過100,000美元。從那時起，加密貨幣的下跌程度有限，並多次測試了90,000美元的支持。

Over-the-counter desks have also seen a reduction in available Bitcoin, which signals reduced liquidity for large off-exchange transactions. OTC supply has fallen to 120,000 BTC. This compares to nearly 500,000 BTC in late 2021.

非處方桌也發現可用的比特幣有所減少，這標誌著大型非交易交易的流動性降低了。 OTC供應已降至120,000 BTC。相比之下，2021年末近500,000 BTC。

This chart doesn’t lie.

該圖表不在。

Bitcoin OTC liquidity is drying up fast.

比特幣OTC流動性正在快速乾燥。

Sellers are gone. Supply shock is coming.

賣家走了。供應衝擊即將到來。

How high do you think $BTC goes in 2025? pic.twitter.com/hciqWSrg4h

您認為$ BTC在2025年有多高？ pic.twitter.com/hciqwsrg4h

— Merlijn The Trader (@MerlijnTrader) May 16, 2025

- 梅林（Merlin）交易員（@merlijntrader），2025年5月16日

The declining supply aligns with increased market activity and larger inflows into long-term holdings. This shift in Bitcoin distribution reduces immediate selling potential and builds a solid case for further price gains.

供應的下降與市場活動的增加相一致，並增加了長期持有量。比特幣分佈的這種轉變可降低立即銷售潛力，並為進一步的價格上漲而建立一個可靠的案例。

The reduced supply across all major platforms also strengthens Bitcoin price resilience. A lack of sellers at lower price ranges may limit any potential corrections.

所有主要平台的供應減少也增強了比特幣的價格彈性。缺乏價格較低的賣方可能會限制任何潛在的更正。

Bitcoin Price Awaits Breakout vs All-Time High

比特幣價格在等待突破與歷史高

The decreased supply across exchanges and OTC desks comes as Bitcoin price approaches its all-time high of $109,300 with strong technical backing. The 50-day and 100-day Exponential Moving Averages are trending upward, reinforcing short-term strength.

跨交易所和OTC辦公桌的供應下降是隨著比特幣價格的歷史最高額度為109,300美元，具有強勁的技術支持。 50天和100天的指數移動平均值正在向上升高，從而增強了短期強度。

This alignment suggests sustained momentum, and as the price trades above both averages, it indicates potential for further gains. A successful breakout could push the price beyond $110,000, a significant psychological barrier.

這種一致性表明了持續的動力，並且隨著價格交易的兩種平均值，它表明了進一步收益的潛力。成功的突破可以將價格推高超過110,000美元，這是一個重大的心理障礙。

If Bitcoin price breaks past the $109,300 level, it could attract additional buying activity and reinforce positive sentiment. The consolidation below the resistance appears orderly, increasing the probability of a breakout.

如果比特幣價格超過109,300美元的水平，它可能會吸引更多的購買活動並增強積極的情緒。低於電阻的合併似乎有序地出現，從而增加了突破的概率。

If Bitcoin price fails to break above the pennant pattern and the 100-day EMA, it may face selling pressure, leading to a deeper correction. However, with strong institutional activity and reduced exchange supply, any pullbacks could be limited.

如果比特幣價格未能超過五角旗模式和100天的EMA，則可能面臨銷售壓力，從而導致更深的校正。但是，隨著機構活動的強大和減少的交換供應，任何回調都可能受到限制。

As the cryptocurrency approaches its all-time high, its price action will be closely watched by market participants. With supply drying up and demand holding firm, BTC price may set a new record high in the coming weeks.

隨著加密貨幣的歷史最高水平，市場參與者將密切關注其價格行動。隨著供應乾燥和需求持有公司，BTC價格可能在未來幾週創造了新的紀錄。