交易所的比特币流入量仍然较低，是否足以缓冲 Mt.Gox 的 BTC 抛售？

昨天，比特币一度突破 70,000 美元，随后即期汇率跌破 69,000 美元。尽管存在疲软迹象，但 X 的一位分析师指出

Bitcoin price dropped sharply yesterday after failing to break past $72,000. BTC price plunged below the $69,000 level to reach spot rates of $68,9K. However, despite the sell-off, one analyst on X claims that the lack of user enthusiasm to sell is evident in the low exchange inflows.

比特币价格在未能突破 72,000 美元后，昨天大幅下跌。 BTC 价格跌破 69,000 美元水平，现货价格达到 68,900 美元。然而，尽管遭到抛售，X 的一位分析师声称，用户缺乏抛售热情在交易所流入量较低中显而易见。

Bitcoin Inflows To Exchanges Remain Low

交易所的比特币流入量仍然较低

The analyst highlights that exchange inflows are low at spot rates. On May 28, exchanges received only 25.9K BTC daily. According to historical exchange inflow data from CryptoQuant, the current inflow rate is comparable to 2016 levels.

分析师强调，按即期汇率计算，外汇流入量较低。 5 月 28 日，交易所每天仅收到 2.59 万 BTC。根据 CryptoQuant 的历史交易所流入数据，目前的流入速度与 2016 年的水平相当。

After 2016, there was a significant uptick in momentum. However, since the beginning of the year, the inflow to exchanges has been decreasing. It’s worth noting that around this time, the United States Securities and Exchange Commission (SEC) approved nine spot Bitcoin exchange-traded funds (ETFs).

2016年之后，势头明显回升。然而，自今年年初以来，流入交易所的资金一直在减少。值得注意的是，大约在这个时候，美国证券交易委员会（SEC）批准了九只现货比特币交易所交易基金（ETF）。

With this product available in the United States, some large whales may have chosen to convert their coins and hold ETFs instead. In doing so, they transferred custody to an approved custodian, depending on the spot Bitcoin ETF issuer they selected.

由于该产品在美国上市，一些大型鲸鱼可能会选择转换其代币并持有 ETF。在此过程中，他们将托管权转移给经批准的托管人，具体取决于他们选择的现货比特币 ETF 发行人。

Mt. Gox Moving BTC: How Will Prices React If They Sell?

Mt. Gox 转移 BTC：如果抛售，价格将如何反应？

While the average BTC inflow to exchanges is at 2016 levels, this may change in the coming months. On May 28, Token Unlocks data shows that Mt. Gox, the defunct crypto exchange hacked in 2014, moved over $9.4 billion in BTC.

虽然交易所的 BTC 平均流入量处于 2016 年的水平，但未来几个月这种情况可能会发生变化。 5 月 28 日，Token Unlocks 数据显示，已解散的加密货币交易所 Mt. Gox 在 2014 年遭到黑客攻击，转移了超过 94 亿美元的 BTC。

This unexpected transfer has sparked market concerns. Currently, the intention remains unclear. However, if they decide to liquidate on exchanges, the implications could be significant.

这一意外的转会引发了市场担忧。目前，其意图尚不清楚。然而，如果他们决定在交易所清算，影响可能会很大。

Despite this possibility, the analyst argues that BTC’s low average exchange inflow to exchanges would serve as a timely cushion. Should Mt.Gox creditors decide to sell, the analyst believes the market will easily absorb this sell-off despite increased initial volatility. In other words, the price impact will be minimal.

尽管存在这种可能性，但分析师认为，比特币交易所的平均交易流入量较低，将起到及时的缓冲作用。分析师认为，如果 Mt.Gox 债权人决定出售，尽管初始波动性有所增加，但市场将很容易吸收此次抛售。换句话说，价格影响将是最小的。

Before being hacked and losing over 800,000 BTC, Mt. Gox was a prominent Bitcoin exchange. At one point, it handled over 70% of all global BTC trading volume. Victims of the unfortunate hack will be compensated in the next few months.

在遭到黑客攻击并损失超过 800,000 BTC 之前，Mt. Gox 是一家著名的比特币交易所。它一度处理了全球 70% 以上的 BTC 交易量。此次不幸黑客事件的受害者将在未来几个月内获得赔偿。