非流动性比特币实体现在控制着 74% 的 BTC 流通供应量

ETC Group表示，新高表明减半引发的供应冲击正在加剧。

Nearly 74% of the total bitcoin (BTC) produced is now considered illiquid, a record level that indicates increasing scarcity of the cryptocurrency in the market and could potentially drive up its price.

目前，比特币 (BTC) 总产量的近 74% 被认为缺乏流动性，这一创纪录水平表明市场上的加密货币日益稀缺，并可能推高其价格。

Data tracked by ETC Group and Glassnode shows that illiquid entities now own 14.61 million BTC, which is valued at over $826 million at current prices and equates to 74% of the cryptocurrency’s total circulating supply of 19.75 million.

ETC Group 和 Glassnode 追踪的数据显示，非流动性实体目前拥有 1461 万枚 BTC，按当前价格计算，价值超过 8.26 亿美元，相当于加密货币总流通供应量 1975 万枚的 74%。

“Bitcoin’s illiquid supply reached a new all-time high of almost 74% of circulating supply according to data provided by Glassnode, signaling that the Halving-induced supply shock is actually intensifying. This should provide an increasing tailwind for Bitcoin and other crypto assets over the coming months,” André Dragosch, head of research at ETC Group, said in a report shared with CoinDesk.

根据 Glassnode 提供的数据，比特币的非流动性供应量达到了历史新高，占流通供应量的近 74%，这表明减半引发的供应冲击实际上正在加剧。 ETC 集团研究主管 André Dragosch 在与 CoinDesk 分享的一份报告中表示，这应该会在未来几个月为比特币和其他加密资产提供越来越大的推动力。

Glassnode identifies illiquid entities based on the ratio of cumulative outflows and inflows over the entity’s lifespan.

Glassnode 根据实体生命周期内的累积流出和流入比率来识别非流动实体。

Increasing BTC scarcity in the market means a pick-up in demand could have an outsized bullish impact on the cryptocurrency’s going market rate.

市场上比特币的日益稀缺意味着需求的回升可能会对加密货币的市场汇率产生巨大的看涨影响。

As of writing, BTC was changing hands at $56,600. The bull run has stalled since prices hit lifetime highs above $70,000 in the first quarter.

截至撰写本文时，BTC 的转手价格为 56,600 美元。自从第一季度价格触及 70,000 美元以上的历史高点以来，牛市已经停滞。