5月26日記錄了從Coinbase到未知錢包的7,883 BTC的主要比特幣交換流出。

5月26日，記錄了從Coinbase到未知錢包的7,883 BTC的主要比特幣交換流出，這可能意味著鯨魚正在積累。

A major Bitcoin exchange outflow of 7,883 BTC from Coinbase to an unknown wallet was recorded on May 26, which could mean the whales are accumulating. The withdrawal from Coinbase came at a time when there was also a sharp trend of net outflow, with Coinbase seeing just a single-day net movement of -8.7K BTC, which is one of the highest in the quarter.

5月26日，記錄了從Coinbase到未知錢包的7,883 BTC的主要比特幣交換流出，這可能意味著鯨魚正在積累。從Coinbase中提取的是在淨流出趨勢的時候，Coinbase僅看到-8.7k BTC的單日淨移動，這是本季度最高的。

This narrative is supported even further by the continued decline in total Bitcoin reserves across all exchanges. This puts exchange reserves as of May 27 around 2.4 million BTC, down from over 3.4 million in mid-2022. This long-term downtrend implies that more and more investors prefer self-custody, akin to holding behavior and conviction on a long-term bullish basis.

由於所有交流的總比特幣儲備的持續下降，這一敘述得到了進一步的支持。這使Exchange Reserves截至5月27日，大約240萬BTC，低於2022年中期的超過340萬。這種長期的下降意味著，越來越多的投資者更喜歡自我顧客，類似於長期看漲的行為和信念。

During price rallies, outflows have frequently spiked and current outflow levels are high. While recent price volatility has surfaced driven by macroeconomic developments, the trend shows that institutions and large holders are lining up for further price upside.

在價格集會期間，流出經常峰值，當前流出水平很高。儘管最近的價格波動在宏觀經濟發展的推動下浮出水面，但這種趨勢表明，機構和大型持有人正在排隊以進一步的價格上漲。

Trump’s Tariff Pause Calms Markets

特朗普的關稅暫停鎮定市場

Donald Trump’s announcement to delay the 50% tariff on European Union imports had a modest impact on market sentiment. The date of implementation was pushed back from June 1 to July 9, taking a breather from what would have been a new wave of global trade wars.

唐納德·特朗普（Donald Trump）宣布推遲對歐盟進口的50％關稅的公告對市場情緒產生了不大的影響。實施日期從6月1日至7月9日推遲，從本來是全球貿易戰爭的新一波中喘口氣。

After Friday’s announcement, bitcoin fell 3.9% but quickly recovered. On Monday, the price recorded on Bitstamp rose from a low of $107,562 up to $109,874. Both Asia and Europe echoed the move in equities and crypto markets, a coordinated risk on reaction.

週五宣布這一消息後，比特幣下跌了3.9％，但很快恢復了。週一，Bitstamp的價格從107,562美元的低點上升到109,874美元。亞洲和歐洲都回應了股票和加密市場的舉動，這是對反應的協調風險。

The tariff delay is only temporary, but it did relieve immediate pressure on financial markets. Investors used this dip as a buying opportunity, as evidenced by whale accumulation and lowered BTC exchange supply.

關稅延遲只是暫時的，但確實減輕了金融市場的立即壓力。投資者將這種傾角用作購買機會，鯨魚的積累並降低了BTC的交換供應。

Technical Indicators Suggest Momentum Remains Intact

技術指標表明勢頭保持完整

On the technical side, Bitcoin is trading at around $110,000. Relative Strength Index (RSI) is 69.22, with a bit below the overbought mark. This is strong, bullish momentum that’s not yet exhausted. The MACD also confirms a short term uptrend, that is showing a positive gap between the MACD line (3,843) and signal line (3,718).

在技​​術方面，比特幣的交易價格約為110,000美元。相對強度指數（RSI）為69.22，略低於超買商標。這是強大的看漲勢頭，尚未筋疲力盡。 MACD還確認了短期上升趨勢，這顯示了MACD線（3,843）和信號線（3,718）之間的正差距。

However, strong network engagement still shows with high active sending and receiving addresses. The sending addresses fluctuate above 750K daily, and the receiving addresses are above 460K, which is a very high stat. The levels are indicative of solid transaction volume and user participation that prop up the current rally.

但是，強大的網絡參與仍然顯示出高活動的發送和接收地址。發送地址每天波動750K，接收地址高於460K，這是一個很高的統計數據。這些級別表明穩定的交易量和用戶參與，可以支持當前的集會。

Exchange outflows remain an important metric to keep an eye on. The market is showing signs of supply tightening, the latest being consistent spikes above 100K BTC per week with multi-year low exchange reserves, which could eventually set up another breakout.

交換流出仍然是關注的重要指標。市場顯示出供應收緊的跡象，最新的是每週超過100k BTC的一致峰值，而多年低交易所儲備，這最終可能會再次出現突破。