比特币（BTC）和以太坊（ETH）供应交流量有史以来低点

为了表明加密货币市场的成熟度的日益增加，比特币（BTC）和以太坊（ETH）都成为头条新闻，因为它们在集中式交流上的供应量达到了历史性的低点。

Both Bitcoin (BTC) and Ethereum (ETH) have reached historic lows in terms of supply on centralized exchanges, highlighting the crypto market's increasing maturity and potential for future upside.

比特币（BTC）和以太坊（ETH）在集中式交流方面都达到了历史性的低点，强调了加密货币市场的越来越多的成熟度和未来上升空间的潜力。

According to on-chain analytics firm Santiment, only 7.1% of Bitcoin's total supply is now held on exchanges, the lowest since November 2018. Ethereum's supply on exchanges has dipped even further, falling below 4.9% for the first time in its more than 10-year history.

根据《链分析公司》的说法，现在只有比特币总供应量的7.1％，是自2018年11月以来最低的。

Over the last five years, 1.7 million BTC and 15.3 million ETH have been pulled from exchanges, signaling that investors prefer holding their assets in private wallets, a hallmark of long-term conviction.

在过去的五年中，从交易所中撤出了170万BTC和1,530万ETH，这表明投资者更喜欢将其资产持有私人钱包，这是长期定罪的标志。

This shift in supply dynamics paints a bullish picture for the future. Fewer coins available on exchanges typically indicate less short-term selling pressure, laying the groundwork for a potential price surge if favorable macroeconomic or market conditions align.

供应动力学的这种转变为未来描绘了看涨的画面。交易所上可用的硬币通常表明短期销售压力较小，如果有利的宏观经济或市场状况保持一致，则为潜在价格涨幅奠定了基础。

output: TL;DRBoth Bitcoin (BTC) and Ethereum (ETH) have hit historic lows in terms of supply on centralized exchanges, a trend that signals the crypto market’s increasing maturity and potential for future upside. According to on-chain analytics firm Santiment, only 7.1% of Bitcoin’s total supply is now held on exchanges, the lowest since November 2018. Ethereum’s supply on exchanges has dipped even further, falling below 4.9% for the first time in its more than 10-year history.This is more than just a statistical milestone. Over the last five years, 1.7 million BTC and 15.3 million ETH have been pulled from exchanges. Why does this matter? Primarily because it suggests that investors prefer holding their assets in private wallets, a hallmark of long-term conviction. Moreover, it suggests a growing adoption of staking protocols and decentralized finance (DeFi) platforms, where assets can be used productively without being exposed to centralized risks.A Signal of Long-Term ConfidenceThis shift in supply dynamics paints a bullish picture for the future. Typically, fewer coins available on exchanges indicate less short-term selling pressure, setting the stage for a potential price surge if favorable macroeconomic or market conditions align. Indeed, whales and long-term holders appear to be positioning for future upside by keeping their assets off exchanges and in self-custody — a move that often precedes bull runs.Price Still Stagnant, But a Breakout Is BrewingDespite the positive fundamentals, the price action remains muted. Ethereum, for instance, continues to trade sideways between $2,300 and $2,580, with key support at $2,100 and resistance around $2,800, according to analyst DaanCrypto. Bitcoin is showing similar consolidation behavior. This pattern suggests that traders are waiting for a clear breakout trigger — potentially a major economic event or a significant technical shift.In the long run, however, the outlook remains promising. When supply on exchanges dries up, it often sets the stage for upward momentum. And with accelerating developments in tokenization, central bank digital currencies (CBDCs), and growing institutional interest, the crypto space is more poised than ever. The decentralized financial revolution is still in its early chapters.

输出：TL; Drboth比特币（BTC）和以太坊（ETH）在集中交易所的供应方面遭受了历史性的低点，这一趋势标志着加密货币市场的成熟度日益增长和未来上升的潜力。根据《链分析公司》的说法，现在只有比特币总供应量的7.1％在交易所中举行，这是自2018年11月以来最低的。以太坊的交流供应量进一步下降，在其10年以上的历史上首次低于4.9％，这是一个超过10年的历史。在过去的五年中，从交流中撤出了170万BTC和1,530万ETH。为什么这很重要？主要是因为它表明投资者更喜欢将其资产持有私人钱包，这是长期定罪的标志。此外，这表明越来越多地采用了桩规程和分散融资（DEFI）平台，在那里可以有效地使用资产而不会受到集中风险的影响。供应动力学的长期认可的信号为未来提供了看涨的图片。通常，交易所上可用的硬币较少表明短期销售压力较小，如果有利的宏观经济或市场状况保持一致，则为潜在价格涨幅奠定了基础。的确，鲸鱼和长期持有人似乎通过使资产远离交流和自我顾客来为将来的上升空间定位 - 这一举动通常是在牛市奔跑之前。例如，以太坊继续向侧面交易2,300美元至2,580美元，钥匙支持为2,100美元，电阻约为2,800美元。比特币显示出相似的合并行为。这种模式表明，交易者正在等待明确的突破性触发因素 - 可能是一个重大的经济事件或重大的技术转变。但是，从长远来看，前景仍然很有希望。当交换上的供应干燥时，它通常为向上的动力设定舞台。随着代币化的加速发展，中央银行数字货币（CBDC）以及日益增长的机构兴趣，加密货币空间比以往任何时候都更加平衡。分散的金融革命仍在其早期章节中。