BTC 活躍地址數量“完全貧血”，模仿 2017 年和 2021 年的高峰後模式

一個關鍵的比特幣活動指標現在達到了通常只有在資產價格已經見頂後才能觀察到的水平，這增加了比特幣未來價格走勢的持續不確定性。

A crucial Bitcoin ( BTC ) activity metric is now reaching levels usually only observed after the asset’s price has already peaked, adding to the ongoing uncertainty around Bitcoin’s future price movements.

一個關鍵的比特幣（BTC）活動指標現在達到了通常只有在資產價格已經見頂後才能觀察到的水平，這增加了比特幣未來價格走勢的持續不確定性。

The number of Bitcoin active addresses — representing the total number of active users on the network — has “declined significantly” since the beginning of 2024. This pattern has historically formed after Bitcoin’s price peaked in the 2017 and 2021 bull cycles.

自 2024 年初以來，比特幣活躍地址數量（代表網路活躍用戶總數）已「大幅下降」。

CryptoQuant contributor “Avocado onchain” pointed out in a Sept. 3 research note that Bitcoin’s price hasn’t followed the typical downturn pattern seen in previous cycles. Instead, its price has been “moving sideways within a large range, showing no clear direction.”

CryptoQuant 撰稿人「Avocado onchain」在 9 月 3 日的研究報告中指出，比特幣的價格並未遵循先前週期中典型的低迷模式。相反，其價格一直「大幅橫盤，沒有明確的方向」。

Bitcoin traded at $56,666 at the time of publication, its lowest level since Aug. 16, according to CoinMarketCap data.

根據 CoinMarketCap 數據，截至發稿時，比特幣交易價格為 56,666 美元，為 8 月 16 日以來的最低水準。

Empowering the next generation of blockchain projects: An interview with BingX Labs

賦能下一代區塊鏈專案：BingX Labs專訪

As the blockchain industry rapidly evolves, new use cases and applications are emerging, increasing the demand for innovative solutions across various sectors. In response to this trend, BingX, a leading cryptocurrency exchange, is expanding its efforts to support and drive innovation within the blockchain space with the launch of BingX Labs.

隨著區塊鏈產業的快速發展，新的用例和應用程式不斷湧現，增加了各行業對創新解決方案的需求。為了因應這一趨勢，領先的加密貨幣交易所 BingX 正在加強支持和推動區塊鏈領域的創新，推出 BingX Labs。

At the forefront of this new venture is Vivien Lin, who, in addition to her role as chief product officer at BingX, will also serve as the head of BingX Labs. Under her guidance, BingX Labs offers a comprehensive suite of services, including incubation, technical support, strategic consulting and financial investment, to help blockchain projects succeed in an increasingly competitive market.

Vivien Lin 是這項新企業的領導者，除了擔任 BingX 首席產品長外，她還將擔任 BingX Labs 的負責人。在她的指導下，BingX Labs提供一整套服務，包括孵化、技術支援、策略諮詢和金融投資，以幫助區塊鏈專案在競爭日益激烈的市場中取得成功。

In this interview, Lin shares insights on how BingX Labs aims to accelerate the growth of promising Web3 projects and its significance in shaping the future of the blockchain industry.

在本次訪談中，林分享了 BingX Labs 如何加速有前途的 Web3 專案的發展及其對塑造區塊鏈產業未來的重要性的見解。

Cointelegraph: Can you tell us what inspired BingX to create BingX Labs and how it fits into your global expansion strategy?

Cointelegraph：您能告訴我們是什麼啟發了 BingX 創建 BingX Labs 以及它如何適應您的全球擴張策略嗎？

Vivien Lin: As the blockchain and crypto industry continues to mature, we recognized an opportunity to contribute even more meaningfully to the ecosystem by supporting the next generation of blockchain projects. BingX Labs was born out of this vision — to nurture and accelerate high-potential projects, ultimately enhancing the BingX ecosystem and driving global adoption of blockchain technology.

Vivien Lin：隨著區塊鏈和加密產業的不斷成熟，我們意識到有機會透過支援下一代區塊鏈專案為生態系統做出更有意義的貢獻。 BingX Labs 誕生於這個願景——培育和加速高潛力項目，最終增強 BingX 生態系統並推動區塊鏈技術在全球的採用。

Avocado suggested that this signals a shift in Bitcoin holders’ mindset, with more choosing to hold long-term.

酪梨表示，這標誌著比特幣持有者心態的轉變，更多人選擇長期持有。

“The sharp decrease in wallet activity suggests that people stopped engaging in transactions and essentially “locked up” their wallets,” CryptoQuant stated.

CryptoQuant 表示：“錢包活動的急劇減少表明人們停止了交易，基本上‘鎖定’了他們的錢包。”

Swyftx lead analyst Pav Hundal told Cointelegraph that “a large and increasing share of the market is being gobbled up by institutional cash, and these guys aren’t holding it in hot wallets.”

Swyftx 首席分析師 Pav Hundal 告訴 Cointelegraph，“機構資金正在吞噬越來越大的市場份額，而這些人並沒有將資金放在熱錢包裡。”

“Active address numbers have been in freefall since the ETFs launched in January. It’s possible that what we’re seeing right now is a slow decline in the relevance of wallet address movement data.” He added:

「自 1 月 ETF 推出以來，活躍地址數量一直在直線下降。我們現在看到的情況可能是錢包地址移動數據的相關性緩慢下降。他補充說：

Bitcoin advocate and network economist Timothy Peterson used the “completely anemic” metaphor to describe the significant decline in Bitcoin active addresses.

比特幣倡導者、網路經濟學家蒂莫西·彼得森（Timothy Peterson）用「完全貧血」的比喻來形容比特幣活躍地址的大幅下降。

“Are people using ETFs now, or is there something else?” Peterson added.

“人們現在在使用ETF，還是還有其他東西？”彼得森補充道。

Related: Bitcoin price loses traction as miner profits drop and spot BTC outflows persist

相關：隨著礦商利潤下降和現貨比特幣持續流出，比特幣價格失去吸引力

Crypto analysis firm 10x Research highlighted that despite many people expecting Bitcoin to follow a “predictable four-year cycle” following the April halving event, that isn’t always the case.

加密貨幣分析公司 10x Research 強調，儘管許多人預計比特幣在 4 月減半事件後將遵循“可預測的四年周期”，但情況並非總是如此。

“Bitcoin’s market behavior is far more volatile, often skyrocketing into rapid, parabolic gains when demand shifts suddenly,” 10x Research wrote in a Sept. 3 X post.

10x Research 在 9 月 3 日的一篇文章中寫道：“比特幣的市場行為波動性要大得多，當需求突然發生變化時，比特幣往往會飆升至拋物線式的快速上漲。”

Meanwhile, crypto analyst Will Clemente believes the years of Bitcoin's “peak” compound annual growth are likely over, meaning investors may need to put in more upfront to see better returns.

同時，加密貨幣分析師威爾·克萊門特(Will Clemente) 認為，比特幣複合年增長率「高峰」的時期可能已經結束，這意味著投資者可能需要投入更多資金才能獲得更好的回報。

“Bitcoin’s peak CAGR is probably behind us, but that doesn’t mean you can’t make up for it with position sizing,” Clemente added.

「比特幣的複合年增長率高峰可能已經過去，但這並不意味著你無法透過頭寸規模來彌補，」克萊門特補充道。

Magazine: Crypto whales like Humpy are gaming DAO votes — but there are solutions

雜誌：像 Humpy 這樣的加密鯨魚正在博弈 DAO 選票——但有解決方案