比特币 (BTC) 非流动性实体目前占据了创纪录的 74% 的流通供应量

加密货币市场最近发生了一条重要新闻：非流动性实体目前持有比特币流通供应量的创纪录的 74%。

A recent development in the cryptocurrency market has seen illiquid entities, such as long-term holders and cold wallets, accumulating a record high of 74% of Bitcoin's circulating supply, according to data tracked by ETC Group. This concentration of bitcoin in illiquid wallets has several implications for the market.

根据 ETC Group 追踪的数据，加密货币市场最近的发展表明，长期持有者和冷钱包等非流动性实体累积了比特币流通供应量的 74%，创下历史新高。比特币集中在非流动性钱包中对市场有几个影响。

What is an Illiquid Entity?

什么是非流动实体？

An illiquid entity is defined as an address or wallet that holds bitcoins but does not trade them frequently. In other words, these BTC are “frozen” and do not actively circulate in the market. Currently, these entities possess 14.61 million BTC! This equates to 74% of the total circulating supply of 19.75 million BTC.

非流动性实体被定义为持有比特币但不经常交易的地址或钱包。换句话说，这些BTC被“冻结”，不会在市场上积极流通。目前，这些实体拥有1461万比特币！这相当于 1975 万比特币流通总量的 74%。

This concentration of bitcoin in illiquid wallets has several implications. First, it reduces the amount of BTC available for active trading, which can potentially increase the scarcity and, consequently, the value of the cryptocurrency. Indeed, reduced supply in the face of constant or growing demand can drive up prices.

比特币集中在非流动性钱包中具有多种影响。首先，它减少了可用于活跃交易的比特币数量，这可能会增加稀缺性，从而增加加密货币的价值。事实上，在需求持续或增长的情况下减少供应可能会推高价格。

Furthermore, this situation reflects increased confidence among Bitcoin (BTC) holders in the long-term value of the cryptocurrency. Investors who choose to hold their bitcoins rather than sell them signal their belief that BTC's price will continue to increase in the future.

此外，这种情况反映出比特币（BTC）持有者对加密货币长期价值的信心增强。选择持有比特币而不是出售比特币的投资者表明他们相信比特币的价格未来将继续上涨。

As more bitcoins become illiquid, the market might see reduced volatility. Fewer BTC available for trading means fewer price fluctuations caused by massive sell-offs. However, this could also make the market more sensitive to movements when large amounts of bitcoin are eventually traded.

随着越来越多的比特币变得缺乏流动性，市场的波动性可能会减少。可用于交易的比特币越少，意味着大规模抛售造成的价格波动就越小。然而，当大量比特币最终进行交易时，这也可能使市场对走势更加敏感。

The rise of illiquid entities controlling a record share of Bitcoin's circulating supply is a major development. It could have lasting effects on the crypto market, which starts poorly this September. Investors and market observers will need to closely monitor this trend to understand its long-term implications.

控制比特币流通供应量创纪录份额的非流动性实体的崛起是一项重大发展。这可能会对今年 9 月份开局不佳的加密货币市场产生持久影响。投资者和市场观察人士需要密切关注这一趋势，以了解其长期影响。