交流中的以太坊和比特币供应量达到历史低位，因为价格动作仍然存在

在反映市场行为不断发展的重大转变中，以太坊和比特币在集中式交易所供应的百分比中达到了新的低点。

The percentage of Ethereum and Bitcoin held on centralized exchanges has reached a new low, indicating a significant shift in market behavior.

集中式交流的以太坊和比特币的百分比达到了新的低点，表明市场行为发生了重大变化。

According to on-chain analytics platform Santiment, less than 4.9% of Ethereum’s total supply is currently held on exchanges.

根据链分析平台的氛围，目前在交易所举行的以太坊总供应量不到4.9％。

This marks a record low in the 7.8 year history of the world’s second-largest cryptocurrency. Meanwhile, Bitcoin’s exchange supply has also declined to just 7.1%, its lowest since November 2018.

这标志着世界第二大加密货币的7.8年历史上的创纪录较低。同时，比特币的交换供应也仅下降了7.1％，这是自2018年11月以来的最低点。

Over the past five years

在过去的五年中

Bitcoin supply on exchanges has dropped by 1.7 million BTC

交易所的比特币供应下降了170万BTC

Ethereum has seen an even steeper decline, with 15.3 million ETH moving off exchanges This trend suggests a growing preference among investors to hold their assets in private wallets, possibly reflecting long-term holding strategies (HODLing) or migration to decentralized finance (DeFi) platforms and staking mechanisms.

以太坊的下降幅度更高，有1530万ETH的交流趋势表明，投资者越来越偏爱将其资产持有在私人钱包中，可能反映了长期持有策略（Hodling）或移民到分散融资（DEFI）平台和储存机制。

However, despite the bullish implications of decreasing exchange supply, Ethereum’s price action over the past two weeks has been notably erratic.

然而，尽管看涨了减少交换供应的影响，但以太坊在过去两周中的价格行动尤为不稳定。

Analyst DaanCrypto highlighted on X (formerly Twitter) that ETH, like Bitcoin and the broader crypto market, remains confined to a local range.

分析师Daancrypto在X（以前是Twitter）上强调了ETH，例如比特币和更广泛的加密货币市场，仍然局限于当地范围。

On the 4-hour chart, Ethereum is trading within a well-defined consolidation band:

在4小时的图表上，以太坊正在一个定义明确的合并频段中进行交易：

There's no strong conviction to trade aggressively until a clear breakout from this range occurs.

直到发生这种范围明显的突破之前，没有强烈的信念积极地进行贸易。

"It seems like price action is getting more and more chaotic. We keep bouncing between support and resistance, and it feels like we're going back and forth aimlessly. It's a bit of a mess, to be honest. But on a broader time frame, we're still in a clear uptrend. So I'm not planning to change my bullish bias just yet. But we need to see some signs of strength soon. Otherwise, I might start to get pessimistic," DaanCrypto concluded.

“价格动作似乎越来越混乱。我们一直在支持和抵抗之间弹跳，就像我们毫无目的地来回前进。老实说，这有点一团糟。但是，在更广泛的时间范围内，我们仍然很明显地上涨。因此，我还没有计划改变自己的偏见。但是，我们很快就会看到一定的力量。

The post Ethereum Hits Record Low in Exchange Supply as BTC Drops to 2018 Levels

随着BTC降至2018年的水平，以太坊后以太坊的交换供应率低。