比特币持有者从交易所撤出 7.5 亿美元 BTC，引发 5 月份以来最大规模的净流出

从历史上看，类似的资金外流往往会导致价格上涨，因为如果需求保持稳定或上升，交易所供应减少往往会导致价格上涨。

Bitcoin holders have shifted around $750 million in the leading cryptocurrency out of centralized exchanges in a single day this week, marking the largest net Bitcoin outflow since May.

本周，比特币持有者在一天内从中心化交易所转移了约 7.5 亿美元的主要加密货币，这是自 5 月份以来最大的比特币净流出。

The four-month peak in net Bitcoin outflows occurred on September 10, as the price of Bitcoin recovered to surpass the $57,000 mark. Bitcoin is now already above $58,000.

比特币净流出的四个月峰值出现在 9 月 10 日，当时比特币价格回升至 57,000 美元大关。比特币现在已经超过 58,000 美元。

According to IntoTheBlock’s data, large net outflows from exchanges have historically been followed by price increases. This is because a lower supply on exchanges can lead to a price rise if demand remains steady or rises.

根据IntoTheBlock的数据，从历史上看，交易所的大量净流出往往伴随着价格上涨。这是因为，如果需求保持稳定或上升，交易所供应减少可能会导致价格上涨。

For example, a significant withdrawal in late May coincided with a rally that propelled Bitcoin’s price from just below $68,000 to $72,000 within days. Conversely, large inflows have often led to price declines, as evidenced by the crash in late July and early August.

例如，5 月底的大规模撤资恰逢比特币价格反弹，几天之内比特币价格从略低于 68,000 美元升至 72,000 美元。相反，大量资金流入往往会导致价格下跌，7 月底和 8 月初的暴跌就证明了这一点。

The net outflows come at a time when data from crypto analytics firm CryptoQuant reveals a significant shift in the dynamics of Bitcoin ownership.

资金净流出发生之际，加密货币分析公司 CryptoQuant 的数据显示，比特币所有权动态发生了重大转变。

The data shows that short-term holders, defined as those who have held their bitcoin for 155 days or less, have been steadily reducing their positions since late May, indicating weakening demand for the cryptocurrency.

数据显示，短期持有者（即持有比特币时间不超过 155 天的人）自 5 月底以来一直在稳步减少头寸，这表明对加密货币的需求正在减弱。

In contrast, long-term BTC holders appear to be accumulating their positions as short-term holders sell off their holdings.

相比之下，随着短期持有者抛售所持比特币，长期比特币持有者似乎正在积累头寸。

CryptoQuant’s data shows a notable trend over the past few months, as short-term holders have significantly reduced their positions, particularly in July and August.

CryptoQuant 的数据显示了过去几个月的显着趋势，短期持有者大幅减持头寸，尤其是在 7 月和 8 月。

This sell-off by short-term holders could lead to medium-term price appreciation and market stabilization, according to CryptoQuant contributor IT Tech, who wrote that the “data shows a clear capital flow from weak hands (STH) to strong hands (LTH), signaling market stability.”

CryptoQuant 撰稿人 IT Tech 表示，短期持有者的抛售可能会导致中期价格升值和市场稳定，他写道，“数据显示明显的资金从弱手 (STH) 流向强手 (LTH) ），表明市场稳定。”