第2季度2025年的比特幣交易量：紐約分鐘

儘管比特幣在2025年第二季度的價格上漲，但交易量的下降令人驚訝。讓我們分解數字，看看加密貨幣市場的下一步。

Bitcoin's wild ride in Q2 2025 saw record highs, but surprisingly, trading volume didn't follow suit. What's the deal? Let's dive into the numbers and what they mean for the future of crypto.

比特幣在第二季度2025年的狂野騎行創下了創紀錄的高點，但令人驚訝的是，交易量並沒有效仿。有什麼交易？讓我們深入了解數字及其對加密貨幣的未來意味著什麼。

Bitcoin's Q2 2025 Rollercoaster: Price Up, Volume Down?

比特幣的Q2 2025過山車：價格上漲，數量下降？

Q2 2025 was a mixed bag for Bitcoin. While the price soared to a high of $111,900 (and even higher later, hitting nearly $138,000!), the average daily trading volume actually decreased. TokenInsight reports a drop from $51 billion in Q1 to around $40 billion in Q2 – a roughly 10% decline. Total spot trading volume across all exchanges also took a hit, falling from $4.6 trillion to $3.6 trillion.

Q2 2025是比特幣的混合袋。雖然價格飆升至111,900美元（甚至更高，甚至更高，達到近138,000美元！），但平均每日交易量實際上下降了。 TokenInsight報告說，從第1季度的510億美元下降到第二季度的400億美元，大約下降了10％。所有交易所的總現貨交易量也受到了打擊，從4.6萬億美元降至3.6萬億美元。

Why the Disconnect?

為什麼斷開連接？

Several factors contributed to this unusual trend. Macroeconomic uncertainty played a significant role, as did weak liquidity and sluggish activity in the altcoin market. Traders, wary of potential risks, seemed to prefer high-frequency derivatives trading to spot trading. This is where things get interesting. While spot market activity cooled off, derivatives volume only saw a slight dip, suggesting traders were hedging their bets rather than going all-in on Bitcoin.

幾個因素導致了這種異常趨勢。宏觀經濟的不確定性發揮了重要作用，流動性和在山寨幣市場中的活動緩慢也發揮了重要作用。對潛在風險保持警惕的交易者似乎更喜歡高頻衍生品交易而不是發現交易。這是事情變得有趣的地方。儘管現場市場活動降低了，但衍生品的數量僅略有下降，這表明交易者正在對沖他們的賭注，而不是全力以赴。

The Binance Factor and Exchange Dynamics

二心因素和交換動態

Binance remained the king of the crypto hill, capturing over a third of the total trading volume. However, even Binance saw a slight decrease in market share. Meanwhile, exchanges like OKX, Bitget, HTX, Gate, and KuCoin experienced gains, indicating a potential shift in the exchange landscape.

Binance仍然是加密山莊的國王，佔總交易量的三分之一。但是，即使是二進制的市場份額也略有下降。同時，諸如OKX，BITGET，HTX，GATE和KUCOIN之類的交換經歷了收益，表明交換景觀的潛在轉變。

Support Levels and Future Outlook

支持水平和未來前景

After hitting those highs, Bitcoin retraced, retesting key support zones around $115,469 and $113,600. These levels are crucial. If Bitcoin holds above them, we could see a rebound towards $124,000 or even a retest of the $138,000 high. Analysts are watching closely to see if these support zones hold firm.

達到這些高點後，比特幣回落，重新測試鑰匙支持區，約為115,469美元和113,600美元。這些水平至關重要。如果比特幣在其上方佔據，我們可能會看到$ 124,000甚至重新測試138,000美元的籃板。分析師正在密切關注這些支持區是否堅定。

My Two Satoshis

我的兩個satoshis

Despite the dip in trading volume, I'm not hitting the panic button just yet. The underlying bullish sentiment seems intact. Bitcoin's ability to hold above those key Fibonacci levels suggests there's still plenty of fuel in the tank. Plus, the continued growth in stablecoin market capitalization indicates that liquidity is still flowing into the digital asset space.

儘管交易量下降，但我尚未按下恐慌按鈕。潛在的看漲情緒似乎完好無損。比特幣能夠超過這些關鍵的斐波那契水平的能力表明，水箱中仍然有很多燃料。另外，Stablecoin市值的持續增長表明，流動性仍在流入數字資產空間。

Looking Ahead: What to Expect in Q3 2025

展望未來：第三季度2025年期待什麼

TokenInsight predicts that spot trading volume will remain subdued in Q3, ranging between $3 trillion and $3.5 trillion. However, the crypto market is anything but predictable. Keep an eye on those support levels, watch for shifts in exchange dominance, and, as always, trade responsibly.

TokenInsight預測，現貨交易量將在第三季度仍然柔和，範圍在3萬億美元至3.5萬億美元之間。但是，加密市場是可以預見的。密切關注這些支持水平，注意以交換主導地位的轉變，並一如既往地負責任地交易。

So, What's the Bottom Line?

那麼，最重要的是什麼？

Q2 2025 was a quirky quarter for Bitcoin. Price surged, volume dipped, and the market kept us on our toes. As we head into Q3, one thing's for sure: the crypto rollercoaster is far from over. Buckle up, folks, it's gonna be a wild ride!

第二季度2025是比特幣的古怪季度。價格飆升，數量下降，市場使我們保持腳趾。當我們進入第三季度時，可以肯定的是：加密過山車還遠遠沒有結束。搭扣，伙計們，這將是一個瘋狂的旅程！