比特币（BTC）在最近的价格复兴中涌出交流

在过去的三周中，玻璃节数据显示，投资者从加密货币交易所中提取了价值超过100亿美元的比特币，这对于加密货币来说可能是超级票房。

Investors have pulled billions of dollars worth of Bitcoin from crypto exchanges amid its recent price resurgence.

由于其最近的价格复兴，投资者已经从加密交易所中提取了价值数十亿美元的比特币。

And that could spell good news for the cryptocurrency, as it may signal an impending supply crunch.

这对于加密货币来说可能是个好消息，因为这可能标志着即将来临的供应紧缩。

Over the past three weeks, investors have pulled more than $10 billion worth of Bitcoin from crypto exchanges, Glassnode data shows.

GlassNode数据显示，在过去的三周中，投资者从加密货币交易所中提取了价值超过100亿美元的比特币。

After a steep decline in early 2023, Bitcoin's presence on exchange wallets dropped notably over the past month, signaling a strong seven-week outflow.

在2023年初急剧下降之后，比特币在交换钱包上的存在在过去一个月中显着下降，这表明七个星期的出口强劲。

The move comes as Bitcoin surged 24% in the last month and rose as high as $105,000 this week, after testing the $90,000 level last week.

此举是因为上个月比特币飙升了24％，本周在上周测试了90,000美元的水平后，本周上涨了105,000美元。

Bitcoin's move past $100,000 confirms the strength of the recovery and may set the stage for new all-time highs, Bitfinex analysts said.

Bitfinex分析师说，比特币的举动超过了100,000美元，证实了恢复的实力，并可能为新的历史最高点奠定了基础。

However, the world’s largest cryptocurrency could be setting itself up for a steeper fall if the U.S. government seizes and liquidates a large portion of crypto in its ongoing case against Binance.

但是，如果美国政府在持续反对Binance的情况下抓住并清算了很大一部分加密货币，那么世界上最大的加密货币可能会使自己变得更加陡峭。

Bitcoin's trajectory is undeniably upward, hybrid layer 2 network BoB co-founder Dom Harz said.

混合层2网络Bob联合创始人Dom Harz说，比特币的轨迹无疑是向上的。

"We've seen a consistent increase in Bitcoin's price over the past few months, and this upward trend is likely to continue," Harz said.

哈兹说：“在过去的几个月中，我们已经看到比特币的价格持续上涨，这一上升趋势可能会持续下去。”

"As we move into the second half of 2024, we can anticipate further gains in Bitcoin's value."

“随着我们进入2024年下半年，我们可以预料到比特币的价值会得到进一步的收益。”

A lack of sellers and rising demand for Bitcoin has led to a steep decline in exchange liquidity and a corresponding increase in coin scarcity, which in turn drives up prices.

缺乏卖方和对比特币的需求不断增加，导致交换流动性的急剧下降和硬币稀缺性的相应增加，这反过来促进了价格。

"We're observing a substantial reduction in Bitcoin's presence on exchanges, which is noteworthy because it's an indicator of the cryptocurrency's supply," said TokenMind founder and CEO Dmitry Litvinov.

TokenMind创始人兼首席执行官Dmitry Litvinov说：“我们正在观察到比特币在交易所的存在大大减少，这值得注意，因为这是加密货币供应的指标。”

"As less Bitcoin remains on exchanges, it becomes more challenging to sell and exert downward pressure on prices."

“随着比特币在交易所中持续的较少，出售和向下降施加压力变得更具挑战性。”

However, another Bitcoin analyst, James Check, isn't convinced by the outflow narrative.

但是，另一位比特币分析师James Check并没有被流出叙述所相信。

A portion of the coins flowing out of exchanges are likely coins migrating between exchange-traded fund custodians and exchange cold wallets, as these entities reshuffle their balances, Check argued in a blog post this week.

Check在本周的博客文章中在一篇博客文章中争辩说，从交易所交流的一部分硬币可能是在交易所交易的基金保管人和交换冷钱包之间迁移的硬币。

And when filtering the data for wallet shuffling, exchange balances have remained flat for the last five years, Check said.

Check说，在过滤钱包改组的数据时，交换余额在过去五年中一直保持平坦。

Market data from CryptoQuant shows Bitcoin balance on exchanges peaked at 3.4 million coins in 2022 but has since declined to about 2.6 million coins worth $263 billion.

来自CryptoQuant的市场数据显示，交易所的比特币平衡在2022年达到340万硬币，但此后跌至约260万硬币，价值2630亿美元。

But there isn't any causal link between Bitcoin outflows and price booms.

但是比特币流出和价格繁荣之间没有任何因果关系。

"This happens every cycle," Check said, and dismissed the supply squeeze claims as bullish folklore.

检查说：“这发生在每个周期。”

Another Bitcoin analyst, Mark Helfman, called the supply squeeze narrative "a terrible myth" in a blog post last year.

另一位比特币分析师马克·赫尔夫曼（Mark Helfman）在去年的博客文章中称供应挤压叙事为“可怕的神话”。

Helfman said only a small fraction of Bitcoin transacted daily are withdrawn from exchanges.

赫尔夫曼说，每天只撤回一小部分比特币交易。