以太坊交易所净流量最近出现急剧的正增长

链上数据显示，衍生品交易所刚刚收到了大量以太坊存款，这可能会导致以太坊价格波动。

On-chain data reveals that derivatives exchanges have just received large Ethereum deposits, an occurrence that might influence the volatility of ETH's price.

链上数据显示，衍生品交易所刚刚收到了大量以太坊存款，这一事件可能会影响以太坊价格的波动。

Recent Spike In ETH Exchange Netflow Is A Bearish Sign

近期 ETH 交易网络流量激增是一个看跌信号

As an analyst noted in a recent CryptoQuant Quicktake analysis, the Exchange Netflow for ETH has seen a recent large spike. The Exchange Netflow metric showcases the net volume of ETH flowing into or out of the wallets connected to centralized exchanges.

正如一位分析师在最近的 CryptoQuant Quicktake 分析中指出的那样，ETH 的交易网络流量最近出现了大幅飙升。交易所净流量指标显示了流入或流出连接到中心化交易所的钱包的 ETH 净流量。

When the indicator’s value is positive, it means that a net number of tokens are being deposited by investors to these platforms. The impact of these transactions on ETH depends on the type of exchange the coins are moving to.

当该指标值为正时，意味着投资者正在向这些平台存入净数量的代币。这些交易对 ETH 的影响取决于代币转移到的交易所类型。

Ellsworth: recent large spikes in derivatives exchange netflow (left) and their impact on ETH price (right) – both over the past few months. any guesses as to what might happen next time? https://cryptoquant.com/ethereum/netflow-exchange-derivatives …

Ellsworth：近期衍生品交易所净流量大幅飙升（左）及其对 ETH 价格的影响（右）——都是在过去几个月发生的。你猜一下下次会发生什么吗？ https://cryptoquant.com/ethereum/netflow-exchange-derivatives …

March 10, 2023

2023 年 3 月 10 日

Like this:Like Loading...

像这样：喜欢加载中...

Recent spikes in derivatives exchange netflow (left) and their impact on ETH price (right) - both over the past few months. Any guesses as to what might happen next time?

最近衍生品交易所净流量的激增（左）及其对 ETH 价格的影响（右）——都是在过去几个月发生的。你猜猜下次会发生什么吗？

In the case of spot exchanges, deposits are usually made by investors whenever they want to sell, and so positive exchange netflows to platforms of this type can have a bearish effect.

就现货交易所而言，投资者通常在想要出售时进行存款，因此流向此类平台的正外汇净流量可能会产生看跌效应。

For derivatives exchanges, which are the relevant platforms in the current discussion, the relationship with the price tends to not be as straightforward. Investors transfer their coins to these exchanges in order to open up new positions in the derivatives market.

对于目前讨论的相关平台衍生品交易所而言，其与价格的关系往往不那么简单。投资者将他们的代币转移到这些交易所，以便在衍生品市场上开设新的头寸。

Since new positions are generally opened with some amount of leverage, the overall risk in the sector can be assumed to increase when investors are depositing to derivatives exchanges. This can introduce more volatility into the price of ETH.

由于新头寸通常会使用一定程度的杠杆来开立，因此当投资者向衍生品交易所存款时，该行业的整体风险可能会增加。这可能会给 ETH 的价格带来更大的波动性。

A negative Exchange Netflow is usually bullish no matter the platforms involved, as it implies that investors are moving their coins to self-custodial wallets, perhaps because they plan to hold into the long term.

无论涉及哪个平台，负的交易净流量通常都是看涨的，因为这意味着投资者正在将他们的代币转移到自我托管钱包中，也许是因为他们计划长期持有。

Now, here's a visual representation of the trend in the Ethereum Exchange Netflow for the derivatives platforms over the last few weeks:

现在，以下是过去几周衍生品平台的以太坊交易网络流量趋势的直观表示：

The above chart showcases how the Ethereum Exchange Netflow has seen a recent large spike into positive territory, which suggests that a large net deposit has just been made by investors to the derivatives platforms.

上图显示了以太坊交易所净流量最近如何大幅飙升至正值区域，这表明投资者刚刚向衍生品平台存入了大量净存款。

Around 82,000 ETH have been transferred to these exchanges by the holders with this net inflow spree. As highlighted earlier, this trend may lead to higher volatility for ETH.

通过这次净流入热潮，持有者已将大约 82,000 ETH 转移到这些交易所。正如之前所强调的，这种趋势可能会导致 ETH 波动性更大。

It’s difficult to say which direction any emerging volatility might take the cryptocurrency in, though, as other positive spikes in the last couple of months have had mixed results.

不过，很难说任何新兴的波动可能会将加密货币带向哪个方向，因为过去几个月的其他积极飙升的结果好坏参半。

Given that the latest spike has coincided with a plunge in Ethereum’s price, though, a lot of these may be short positions predicting a further decline. If so, a swing to the upside could lead to liquidating these positions, which would add fuel to the rally.

不过，鉴于最近的上涨与以太坊价格暴跌同时发生，其中很多可能是预测以太坊价格进一步下跌的空头头寸。如果是这样，向上波动可能会导致这些头寸被清算，这将为涨势增添动力。

ETH Price At The Moment

目前 ETH 价格

At the time of writing, Ethereum is trading at around $2,400, down almost 7% during the last week.

截至撰写本文时，以太坊交易价格约为 2,400 美元，上周下跌近 7%。