比特币（BTC）流动性供应量达到了历史最高点

比特币已经看到了当前牛市最大的30天流动性供应增加。现在，流动性供应量比以往任何时候都超过1400万BTC。

Key Points

关键点

Illiquid BTC supply has hit a new all-time high of 14 million BTC.

流动性的BTC供应已经达到了1400万BTC的新历史最高点。

The 30-day rolling increase in illiquid supply is now at its largest point of the current bull market.

现在，流动性供应量增加了30天，现在是目前牛市的最大点。

As the price returns to six figures, whales are still accumulating.

随着价格返回六位数，鲸鱼仍在积累。

Bitcoin (BTC) investors are rendering BTC supply less liquid than at any point in its 90-plus years of existence.

比特币（BTC）投资者的供应BTC的液体比在其90多年以上的任何时刻都要少。

Data from onchain analytics platform Glassnode shows that Bitcoin’s “illiquid supply” has reached a record 14 million BTC.

OnChain Analytics平台玻璃节点的数据显示，比特币的“流动性供应”已达到创纪录的1400万BTC。

Bitcoin illiquid supply returns to all-time highs

比特币不流动的供应恢复到历史高点

Bitcoin is increasingly falling into the hands of entities that do not sell what they acquire.

比特币越来越多地落入不出售其收购物品的实体的手中。

Glassnode, which charts the portion of the BTC supply owned by so-called “illiquid entities,” reveals that this has reached levels not seen during the current bull market.

GlassNode绘制了所谓的“流动性非洲实体”拥有的BTC供应部分的一部分，他表明，这已经达到了当前牛市中未见的水平。

An entity is considered illiquid if the ratio between its cumulative BTC inflows and outflows is below a certain value.

如果其累积的BTC流入和流出之间的比率低于一定值，则将其视为流动性。

“This ratio yields a number L between zero and one, with larger values indicating higher liquidity,” it explained in a dedicated guide.

它在专用指南中解释说：“该比率在零和一个之间产生了一个数量L，其值表明流动性较高。”

Illiquid supply stood at just over 14 million BTC this week, with the 30-day rolling increase coming in at 180,000 BTC, its largest jump since December 2022.

流动性的供应量本周刚刚超过1400万BTC，自2022年12月以来，30天的滚动增加到180,000 BTC。

At the time, the previous bear market was coming to an end, with BTC/USD declining 77% to hit long-term lows of just above $15,000 in the process.

当时，以前的熊市即将结束，在此过程中，BTC/美元下降了77％的长期低点超过15,000美元。

Chart of illiquid Bitcoin supply in 30-day rolling amounts and total supply in USD. Source: Glassnode

流动性的比特币供应图表为30天滚动金额和美元总供应。来源：玻璃节

As Cointelegraph continues to report, this bull cycle stands out in terms of investment trends thanks to increasing institutional participation.

随着Cointelegraph继续报告，由于机构参与的增加，该公牛周期在投资趋势方面脱颖而出。

Corporate treasuries, such as that of business intelligence firm Strategy, have combined with the US spot Bitcoin exchange-traded funds (ETFs) to make Bitcoin a mainstream investment target.

诸如商业智能公司战略之类的公司国库与美国现货比特币交易所交易资金（ETF）相结合，使比特币成为主流投资目标。

Onchain data likewise shows that Bitcoin whales have been accumulating throughout the recent BTC price rebound. Only retail investors appear to be panicking.

OnChain数据同样表明，比特币鲸在最近的BTC价格反弹中一直积累。只有散户投资者似乎感到恐慌。

“Bitcoin’s key whale & shark tier (holding 10-10K BTC) have now accumulated 83,105 more BTC in the past 30 days,” research firm Santiment reported in an X post this week.

研究公司Santiment在本周的X帖子中报道：“在过去的30天中，比特币的主要鲸鱼和鲨鱼层（持有10-10k BTC）现在增加了83,105个BTC。”