BTC 活跃地址数量“完全贫乏”，模仿 2017 年和 2021 年的高峰后模式

一个关键的比特币活动指标现在达到了通常只有在资产价格已经见顶后才能观察到的水平，这增加了比特币未来价格走势的持续不确定性。

A crucial Bitcoin ( BTC ) activity metric is now reaching levels usually only observed after the asset’s price has already peaked, adding to the ongoing uncertainty around Bitcoin’s future price movements.

一个关键的比特币（BTC）活动指标现在达到了通常只有在资产价格已经见顶后才能观察到的水平，这增加了比特币未来价格走势的持续不确定性。

The number of Bitcoin active addresses — representing the total number of active users on the network — has “declined significantly” since the beginning of 2024. This pattern has historically formed after Bitcoin’s price peaked in the 2017 and 2021 bull cycles.

自 2024 年初以来，比特币活跃地址数量（代表网络活跃用户总数）已“大幅下降”。这种模式历史上是在 2017 年和 2021 年牛市周期中比特币价格见顶后形成的。

CryptoQuant contributor “Avocado onchain” pointed out in a Sept. 3 research note that Bitcoin’s price hasn’t followed the typical downturn pattern seen in previous cycles. Instead, its price has been “moving sideways within a large range, showing no clear direction.”

CryptoQuant 撰稿人“Avocado onchain”在 9 月 3 日的研究报告中指出，比特币的价格并未遵循之前周期中典型的低迷模式。相反，其价格一直“大幅横盘，没有明确的方向”。

Bitcoin traded at $56,666 at the time of publication, its lowest level since Aug. 16, according to CoinMarketCap data.

根据 CoinMarketCap 数据，截至发稿时，比特币交易价格为 56,666 美元，为 8 月 16 日以来的最低水平。

Empowering the next generation of blockchain projects: An interview with BingX Labs

赋能下一代区块链项目：BingX Labs专访

As the blockchain industry rapidly evolves, new use cases and applications are emerging, increasing the demand for innovative solutions across various sectors. In response to this trend, BingX, a leading cryptocurrency exchange, is expanding its efforts to support and drive innovation within the blockchain space with the launch of BingX Labs.

随着区块链行业的快速发展，新的用例和应用程序不断涌现，增加了各行业对创新解决方案的需求。为了应对这一趋势，领先的加密货币交易所 BingX 正在加大力度支持和推动区块链领域的创新，推出 BingX Labs。

At the forefront of this new venture is Vivien Lin, who, in addition to her role as chief product officer at BingX, will also serve as the head of BingX Labs. Under her guidance, BingX Labs offers a comprehensive suite of services, including incubation, technical support, strategic consulting and financial investment, to help blockchain projects succeed in an increasingly competitive market.

Vivien Lin 是这一新企业的领军人物，她除了担任 BingX 首席产品官外，还将担任 BingX Labs 的负责人。在她的指导下，BingX Labs提供一整套服务，包括孵化、技术支持、战略咨询和金融投资，以帮助区块链项目在竞争日益激烈的市场中取得成功。

In this interview, Lin shares insights on how BingX Labs aims to accelerate the growth of promising Web3 projects and its significance in shaping the future of the blockchain industry.

在本次采访中，林分享了 BingX Labs 如何加速有前途的 Web3 项目的发展及其对塑造区块链行业未来的重要性的见解。

Cointelegraph: Can you tell us what inspired BingX to create BingX Labs and how it fits into your global expansion strategy?

Cointelegraph：您能告诉我们是什么启发了 BingX 创建 BingX Labs 以及它如何适应您的全球扩张战略吗？

Vivien Lin: As the blockchain and crypto industry continues to mature, we recognized an opportunity to contribute even more meaningfully to the ecosystem by supporting the next generation of blockchain projects. BingX Labs was born out of this vision — to nurture and accelerate high-potential projects, ultimately enhancing the BingX ecosystem and driving global adoption of blockchain technology.

Vivien Lin：随着区块链和加密行业的不断成熟，我们认识到有机会通过支持下一代区块链项目为生态系统做出更有意义的贡献。 BingX Labs 诞生于这一愿景——培育和加速高潜力项目，最终增强 BingX 生态系统并推动区块链技术在全球的采用。

Avocado suggested that this signals a shift in Bitcoin holders’ mindset, with more choosing to hold long-term.

鳄梨表示，这标志着比特币持有者心态的转变，更多人选择长期持有。

“The sharp decrease in wallet activity suggests that people stopped engaging in transactions and essentially “locked up” their wallets,” CryptoQuant stated.

CryptoQuant 表示：“钱包活动的急剧减少表明人们停止了交易，基本上‘锁定’了他们的钱包。”

Swyftx lead analyst Pav Hundal told Cointelegraph that “a large and increasing share of the market is being gobbled up by institutional cash, and these guys aren’t holding it in hot wallets.”

Swyftx 首席分析师 Pav Hundal 告诉 Cointelegraph，“机构资金正在吞噬越来越大的市场份额，而这些人并没有将资金放在热钱包里。”

“Active address numbers have been in freefall since the ETFs launched in January. It’s possible that what we’re seeing right now is a slow decline in the relevance of wallet address movement data.” He added:

“自 1 月份 ETF 推出以来，活跃地址数量一直在直线下降。我们现在看到的情况可能是钱包地址移动数据的相关性缓慢下降。”他补充道：

Bitcoin advocate and network economist Timothy Peterson used the “completely anemic” metaphor to describe the significant decline in Bitcoin active addresses.

比特币倡导者、网络经济学家蒂莫西·彼得森（Timothy Peterson）用“完全贫血”的比喻来形容比特币活跃地址的大幅下降。

“Are people using ETFs now, or is there something else?” Peterson added.

“人们现在在使用ETF，还是还有其他东西？”彼得森补充道。

Related: Bitcoin price loses traction as miner profits drop and spot BTC outflows persist

相关：随着矿商利润下降和现货比特币持续流出，比特币价格失去吸引力

Crypto analysis firm 10x Research highlighted that despite many people expecting Bitcoin to follow a “predictable four-year cycle” following the April halving event, that isn’t always the case.

加密货币分析公司 10x Research 强调，尽管许多人预计比特币在 4 月减半事件后将遵循“可预测的四年周期”，但情况并非总是如此。

“Bitcoin’s market behavior is far more volatile, often skyrocketing into rapid, parabolic gains when demand shifts suddenly,” 10x Research wrote in a Sept. 3 X post.

10x Research 在 9 月 3 日的一篇文章中写道：“比特币的市场行为波动性要大得多，当需求突然发生变化时，比特币往往会飙升至抛物线式的快速上涨。”

Meanwhile, crypto analyst Will Clemente believes the years of Bitcoin's “peak” compound annual growth are likely over, meaning investors may need to put in more upfront to see better returns.

与此同时，加密货币分析师威尔·克莱门特 (Will Clemente) 认为，比特币复合年增长率“峰值”的时期可能已经结束，这意味着投资者可能需要投入更多资金才能获得更好的回报。

“Bitcoin’s peak CAGR is probably behind us, but that doesn’t mean you can’t make up for it with position sizing,” Clemente added.

“比特币的复合年增长率峰值可能已经过去，但这并不意味着你无法通过头寸规模来弥补，”克莱门特补充道。

Magazine: Crypto whales like Humpy are gaming DAO votes — but there are solutions

杂志：像 Humpy 这样的加密鲸鱼正在博弈 DAO 选票——但有解决方案