比特币价格上涨，交换供应量缩小

由于市场参与者为潜在的突破做准备，本周比特币价格稳步交易接近104,000美元。

Bitcoin price traded steadily this week as market participants prepared for a potential breakout. A narrowing supply of Bitcoin across exchanges and OTC desks has created conditions that could spark a sharp upward move.

由于市场参与者为潜在的突破做准备，比特币价格本周稳步交易。跨交易所和OTC桌子的比特币供应狭窄，已经创造了可能引起急剧向上移动的条件。

Bitcoin Exchange Supply Hits 6-Year Low

比特币交换供应量达到6年

Available Bitcoin on exchanges has fallen to the lowest level in over six years, setting the stage for a potential parabolic move in price. Centralized exchanges currently hold 2.17 million BTC. This compares to 2.72 million in January 2024.

交易所上可用的比特币在六年来一直降至最低水平，为潜在的抛物线迁移奠定了基础。目前，集中式交易所持有217万BTC。相比之下，2024年1月相比之下。

A smaller exchange supply usually limits sell-side pressure and could support a strong move in the opposite direction. In January, when exchange supply fell below 2.5 million BTC, Bitcoin price went on to rally to over $100,000. Since then, the cryptocurrency has seen limited downside and tested the $90,000 support on several occasions.

较小的交换供应通常会限制卖方压力，并可以朝相反的方向支撑强劲的举动。一月份，当交易所供应量低于250万BTC时，比特币的价格继续达到超过100,000美元。从那时起，加密货币的下跌程度有限，并多次测试了90,000美元的支持。

Over-the-counter desks have also seen a reduction in available Bitcoin, which signals reduced liquidity for large off-exchange transactions. OTC supply has fallen to 120,000 BTC. This compares to nearly 500,000 BTC in late 2021.

非处方桌也发现可用的比特币有所减少，这标志着大型非交易交易的流动性降低了。 OTC供应已降至120,000 BTC。相比之下，2021年末近500,000 BTC。

This chart doesn’t lie.

该图表不在。

Bitcoin OTC liquidity is drying up fast.

比特币OTC流动性正在快速干燥。

Sellers are gone. Supply shock is coming.

卖家走了。供应冲击即将到来。

How high do you think $BTC goes in 2025? pic.twitter.com/hciqWSrg4h

您认为$ BTC在2025年有多高？ pic.twitter.com/hciqwsrg4h

— Merlijn The Trader (@MerlijnTrader) May 16, 2025

- 梅林（Merlin）交易员（@merlijntrader），2025年5月16日

The declining supply aligns with increased market activity and larger inflows into long-term holdings. This shift in Bitcoin distribution reduces immediate selling potential and builds a solid case for further price gains.

供应的下降与市场活动的增加相一致，并增加了长期持有量。比特币分布的这种转变可降低立即销售潜力，并为进一步的价格上涨而建立一个可靠的案例。

The reduced supply across all major platforms also strengthens Bitcoin price resilience. A lack of sellers at lower price ranges may limit any potential corrections.

所有主要平台的供应减少也增强了比特币的价格弹性。缺乏价格较低的卖方可能会限制任何潜在的更正。

Bitcoin Price Awaits Breakout vs All-Time High

比特币价格在等待突破与历史高

The decreased supply across exchanges and OTC desks comes as Bitcoin price approaches its all-time high of $109,300 with strong technical backing. The 50-day and 100-day Exponential Moving Averages are trending upward, reinforcing short-term strength.

跨交易所和OTC办公桌的供应下降是随着比特币价格的历史最高额度为109,300美元，具有强劲的技术支持。 50天和100天的指数移动平均值正在向上升高，从而增强了短期强度。

This alignment suggests sustained momentum, and as the price trades above both averages, it indicates potential for further gains. A successful breakout could push the price beyond $110,000, a significant psychological barrier.

这种一致性表明了持续的动力，并且随着价格交易的两种平均值，它表明了进一步收益的潜力。成功的突破可以将价格推高超过110,000美元，这是一个重大的心理障碍。

If Bitcoin price breaks past the $109,300 level, it could attract additional buying activity and reinforce positive sentiment. The consolidation below the resistance appears orderly, increasing the probability of a breakout.

如果比特币价格超过109,300美元的水平，它可能会吸引更多的购买活动并增强积极的情绪。低于电阻的合并似乎有序地出现，从而增加了突破的概率。

If Bitcoin price fails to break above the pennant pattern and the 100-day EMA, it may face selling pressure, leading to a deeper correction. However, with strong institutional activity and reduced exchange supply, any pullbacks could be limited.

如果比特币价格未能超过五角旗模式和100天的EMA，则可能面临销售压力，从而导致更深的校正。但是，随着机构活动的强大和减少的交换供应，任何回调都可能受到限制。

As the cryptocurrency approaches its all-time high, its price action will be closely watched by market participants. With supply drying up and demand holding firm, BTC price may set a new record high in the coming weeks.

随着加密货币的历史最高水平，市场参与者将密切关注其价格行动。随着供应干燥和需求持有公司，BTC价格可能在未来几周创造了新的纪录。