现在，二元持有集中式交易所可用的所有比特币的23％

根据链链数据，二比现在占集中式交易所可用的所有比特币的23％。

Binance now holds 23% of all Bitcoin available on centralized exchanges, according to on-chain data from ChainGlass and recent analysis.

根据Chainglass的链链数据和最近的分析，Binance现在占集中式交易所可用的所有比特币的23％。

This share places the exchange in a leading position in terms of Bitcoin custody, well ahead of its competitors. Despite widespread outflows from centralized platforms, Binance’s reserves have allegedly stayed the same.

这份份额将交易所在比特币监护方面处于领先地位，远远领先于其竞争对手。尽管来自集中式平台的广泛流出，但据称Binance的储备仍然保持不变。

Since the market correction of March 2020, Binance has gradually increased its share of Bitcoin held on exchanges. Other platforms, such as Coinbase (NASDAQ:), have seen steady reserve depletion, while Binance has accumulated. This trend ultimately contributes to a more concentrated distribution of Bitcoin liquidity.

自2020年3月的市场纠正以来，二钱逐渐增加了其在交易所中的比特币份额。其他平台，例如Coinbase（NASDAQ :)，已经看到了稳定的储备耗尽，而Binance则积累了。这种趋势最终导致比特币流动性的分布更加集中。

Binance’s dominant position may reflect investor preference for large platforms that offer deeper liquidity and established infrastructure. However, some analysts have raised concerns about the risks associated with centralization in an otherwise decentralized market.

Binance的主导地位可能反映了投资者对提供更深入流动性和建立基础设施的大型平台的偏好。但是，一些分析师对在原本分散的市场中与集中化相关的风险提出了担忧。

Rising Outflows Signal Growing Long-Term Holding Behavior

流出的上升信号信号增长了长期持有行为

Recent data from CryptoQuant shows that Bitcoin outflows from exchanges are at their highest levels since February 2023. The 100-day moving average of net exchange flows is at its lowest point in over a year.

来自CryptoQuant的最新数据表明，自2023年2月以来，交易所的比特币流出处于其最高水平。净汇率流量的100天移动平均值是一年多以来的最低点。

This trend suggests that more users are choosing to withdraw their assets from exchanges and possibly move them to cold storage. The decreased outflows also signal a preference for long-term holding over short-term trading.

这种趋势表明，越来越多的用户选择从交易所撤回其资产，并可能将其转移到冷藏中。流出的下降还表示偏爱长期持有而不是短期交易。

The number of addresses depositing Bitcoin to exchanges has also declined. According to analyst Axel Adler Jr., the 30-day moving average of this metric has dropped to a level last seen in December 2016.

将比特币存入交换的地址数量也有所下降。根据分析师Axel Adler Jr.的说法，该指标的30天移动平均值已下降到2016年12月上次出现的水平。

“This trend is bullish in itself,” Adler said, adding that the shift represents “a fourfold reduction in coin sales over the last three years.”

阿德勒说：“这种趋势本身就是看好的。”他补充说，这种转变代表了“过去三年中硬币销售的四倍”。

The decline in exchange deposits is often interpreted as a signal of reduced selling pressure. The current market structure may support a more stable price environment with fewer coins being made available for sale.

交换存款的下降通常被解释为销售压力降低的信号。当前的市场结构可能支持更稳定的价格环境，而较少的硬币可供出售。

Bitcoin Shows Early Signs Of Decoupling From Traditional Assets

比特币显示与传统资产分离的早期迹象

In the past week, Bitcoin (BTC) gained over 10% against the U.S. dollar. At the same time, its correlation with major indices like the S&P 500 and Nasdaq Composite has weakened.

在过去的一周中，比特币（BTC）兑美元汇率上涨了10％以上。同时，它与标准普尔500指数和纳斯达克复合材料（S＆P 500和纳斯达克复合材料）的主要指数的相关性削弱了。

Data shows BTC’s correlation with the S&P 500 dropped from 0.88 in late 2024 to 0.77. Its correlation with the Nasdaq declined from 0.91 in January 2025 to 0.83.

数据显示，BTC与标准普尔500指数的相关性从2024年底的0.88降至0.77。它与纳斯达克的相关性从2025年1月的0.91下降到0.83。

This trend suggests Bitcoin may be starting to decouple from equities. In recent years, Bitcoin closely mirrored stock movements during periods of macroeconomic volatility. Now, it is charting a more independent path.

这种趋势表明，比特币可能开始与股票解散。近年来，比特币在宏观经济波动时期紧密反映了库存运动。现在，它正在绘制一个更独立的路径。

Global analysts have attributed the shift to a weakening U.S. dollar and potential progress in geopolitical negotiations. While these factors remain speculative, they may influence investor sentiment toward risk-on digital assets.

全球分析师将这一转变归因于美元削弱和地缘政治谈判的潜在进步。尽管这些因素仍然是推测性的，但它们可能会影响投资者对风险数字资产的情绪。

Bitcoin And Gold Show Increasing Similarities

比特币和黄金表现出越来越多的相似之处

As Bitcoin moves further from equities, its correlation with gold is rising. In early April, BTC’s correlation with gold stood at -0.62. That figure has now improved to -0.31.

随着比特币与股票的进一步发展，其与黄金的相关性正在上升。在4月初，BTC与黄金的相关性为-0.62。该数字现在已提高到-0.31。

Both Bitcoin and gold are regarded as stores of value with limited supply. Bitcoin’s capped supply of 21 million coins supports its comparison to gold during inflationary or uncertain economic periods.

比特币和黄金都被视为供应有限的价值存储。比特币的封顶供应2100万枚硬币支持其在通货膨胀或不确定的经济期间与黄金的比较。

Historical data shows Bitcoin often trails gold’s price movements with a lag. If gold maintains upward momentum, Bitcoin could follow suit in the months ahead—though such patterns remain dependent on broader sentiment and market reactions.

历史数据表明，比特币经常以滞后的方式拖延黄金的价格变动。如果黄金保持向上的动力，则比特币可以在未来几个月内效仿，尽管这种模式仍然取决于更广泛的情感和市场反应。