交流中的以太坊和比特幣供應量達到歷史低位，因為價格動作仍然存在

在反映市場行為不斷發展的重大轉變中，以太坊和比特幣在集中式交易所供應的百分比中達到了新的低點。

The percentage of Ethereum and Bitcoin held on centralized exchanges has reached a new low, indicating a significant shift in market behavior.

集中式交流的以太坊和比特幣的百分比達到了新的低點，表明市場行為發生了重大變化。

According to on-chain analytics platform Santiment, less than 4.9% of Ethereum’s total supply is currently held on exchanges.

根據鏈分析平台的氛圍，目前在交易所舉行的以太坊總供應量不到4.9％。

This marks a record low in the 7.8 year history of the world’s second-largest cryptocurrency. Meanwhile, Bitcoin’s exchange supply has also declined to just 7.1%, its lowest since November 2018.

這標誌著世界第二大加密貨幣的7.8年曆史上的創紀錄較低。同時，比特幣的交換供應也僅下降了7.1％，這是自2018年11月以來的最低點。

Over the past five years

在過去的五年中

Bitcoin supply on exchanges has dropped by 1.7 million BTC

交易所的比特幣供應下降了170萬BTC

Ethereum has seen an even steeper decline, with 15.3 million ETH moving off exchanges This trend suggests a growing preference among investors to hold their assets in private wallets, possibly reflecting long-term holding strategies (HODLing) or migration to decentralized finance (DeFi) platforms and staking mechanisms.

以太坊的下降幅度更高，有1530萬ETH的交流趨勢表明，投資者越來越偏愛將其資產持有在私人錢包中，可能反映了長期持有策略（Hodling）或移民到分散融資（DEFI）平台和儲存機制。

However, despite the bullish implications of decreasing exchange supply, Ethereum’s price action over the past two weeks has been notably erratic.

然而，儘管看漲了減少交換供應的影響，但以太坊在過去兩周中的價格行動尤為不穩定。

Analyst DaanCrypto highlighted on X (formerly Twitter) that ETH, like Bitcoin and the broader crypto market, remains confined to a local range.

分析師Daancrypto在X（以前是Twitter）上強調了ETH，例如比特幣和更廣泛的加密貨幣市場，仍然局限於當地範圍。

On the 4-hour chart, Ethereum is trading within a well-defined consolidation band:

在4小時的圖表上，以太坊正在一個定義明確的合併頻段中進行交易：

There's no strong conviction to trade aggressively until a clear breakout from this range occurs.

直到發生這種範圍明顯的突破之前，沒有強烈的信念積極地進行貿易。

"It seems like price action is getting more and more chaotic. We keep bouncing between support and resistance, and it feels like we're going back and forth aimlessly. It's a bit of a mess, to be honest. But on a broader time frame, we're still in a clear uptrend. So I'm not planning to change my bullish bias just yet. But we need to see some signs of strength soon. Otherwise, I might start to get pessimistic," DaanCrypto concluded.

“價格動作似乎越來越混亂。我們一直在支持和抵抗之間彈跳，就像我們毫無目的地來回前進。老實說，這有點一團糟。但是，在更廣泛的時間範圍內，我們仍然很明顯地上漲。因此，我還沒有計劃改變自己的偏見。但是，我們很快就會看到一定的力量。

The post Ethereum Hits Record Low in Exchange Supply as BTC Drops to 2018 Levels

隨著BTC降至2018年的水平，以太坊後以太坊的交換供應率低。