比特币（BTC）交易净流量刚刚达到正值，这意味着什么

链上数据显示，币安交易所在过去一天收到大量比特币净流入，表明BTC的跌势可能会进一步扩大。

On-chain data shows the Binance exchange has received large net Bitcoin inflows during the past day, indicating that BTC’s decline may extend further.

链上数据显示，币安交易所在过去一天收到大量比特币净流入，表明BTC的跌势可能会进一步扩大。

Bitcoin Binance Netflow Has Just Taken To Positive Values

比特币 Binance Netflow 刚刚达到正值

In a new post on X, CryptoQuant community manager Maartunn discussed the latest trend in the Bitcoin exchange netflow for the cryptocurrency exchange Binance.

在 X 上的一篇新帖子中，CryptoQuant 社区经理 Maartunn 讨论了加密货币交易所 Binance 的比特币交易净流的最新趋势。

The “exchange netflow” here refers to an on-chain metric that measures the net amount of Bitcoin entering or exiting out of the wallets attached to any given exchange. The indicator’s value is calculated by subtracting the outflows from the inflows.

这里的“交易所净流量”是指一种链上指标，用于衡量进入或退出任何给定交易所的钱包的比特币净额。该指标的值是通过流入减去流出来计算的。

When the metric’s value is positive, the inflows overwhelm the outflows, and a net number of tokens enter the platform. As one of the main reasons investors deposit to exchanges is for selling purposes, this trend can be bearish for BTC.

当指标值为正时，流入量超过流出量，并且有净数量的代币进入平台。由于投资者向交易所存入资金的主要原因之一是出于出售目的，因此这一趋势可能对 BTC 不利。

On the other hand, the negative indicator suggests the exchange is observing net withdrawals currently, which may be a bullish sign for cryptocurrency in the long term, as it implies investors are potentially taking coins off into self-custody for HODLing.

另一方面，负面指标表明该交易所目前正在观察净提款，从长远来看，这可能是加密货币的看涨信号，因为这意味着投资者可能会将代币进行自我托管以进行长期持有。

Now, here is a chart that shows the trend in the Bitcoin exchange netflow specifically for Binance over the past week:

现在，下面的图表显示了过去一周币安的比特币交易净流量趋势：

As displayed in the above graph, the Bitcoin Binance exchange netflow has held positive values during the recent plummet in the cryptocurrency’s price, suggesting that the platform has been receiving net deposits.

如上图所示，在最近加密货币价格暴跌期间，比特币币安交易所净流量保持正值，表明该平台一直在接收净存款。

Interestingly, the metric has registered positive values even after the price decline has stopped, and its spikes have only been larger. This could mean that the whale entities only plan to sell more, which could be bad news for the asset.

有趣的是，即使在价格下跌停止后，该指标仍呈现正值，而且其峰值只会更大。这可能意味着鲸鱼实体只计划出售更多，这对该资产来说可能是个坏消息。

So far, Bitcoin has made some recovery since these net inflows to the number one cryptocurrency exchange by trading volume have appeared, implying that the whales may not have pulled the trigger on their selling yet.

到目前为止，比特币已经取得了一些复苏，因为交易量排名第一的加密货币交易所的净流入已经出现，这意味着鲸鱼可能还没有开始抛售。

It remains to be seen if these deposits have a bearish effect on the asset, thus elongating the drawdown, or if they have made the inflows for purposes other than selling.

这些存款是否会对资产产生看跌影响，从而延长回撤时间，或者它们的流入是否用于出售以外的目的，还有待观察。

In other news, an old Bitcoin whale appears to have moved many tokens in the past day, as Maartunn pointed out in another X post.

在其他新闻中，正如 Maartunn 在另一篇 X 帖子中指出的那样，一只旧的比特币鲸鱼似乎在过去一天转移了许多代币。

This Bitcoin whale has transferred 700 BTC (around $45.4 million at the current exchange rate), which has been dormant for over ten years.

这只比特币鲸鱼已经转移了 700 BTC（按当前汇率计算约为 4540 万美元），这些资金已经休眠了十多年。

BTC Price

比特币价格

Bitcoin plunged to $63,400 during its latest decline, but the asset has since rebounded to $64,800.

比特币在最近一次下跌期间暴跌至 63,400 美元，但此后该资产已反弹至 64,800 美元。