5月26日记录了从Coinbase到未知钱包的7,883 BTC的主要比特币交换流出。

5月26日，记录了从Coinbase到未知钱包的7,883 BTC的主要比特币交换流出，这可能意味着鲸鱼正在积累。

A major Bitcoin exchange outflow of 7,883 BTC from Coinbase to an unknown wallet was recorded on May 26, which could mean the whales are accumulating. The withdrawal from Coinbase came at a time when there was also a sharp trend of net outflow, with Coinbase seeing just a single-day net movement of -8.7K BTC, which is one of the highest in the quarter.

5月26日，记录了从Coinbase到未知钱包的7,883 BTC的主要比特币交换流出，这可能意味着鲸鱼正在积累。从Coinbase中提取的是在净流出趋势的时候，Coinbase仅看到-8.7k BTC的单日净移动，这是本季度最高的。

This narrative is supported even further by the continued decline in total Bitcoin reserves across all exchanges. This puts exchange reserves as of May 27 around 2.4 million BTC, down from over 3.4 million in mid-2022. This long-term downtrend implies that more and more investors prefer self-custody, akin to holding behavior and conviction on a long-term bullish basis.

由于所有交流的总比特币储备的持续下降，这一叙述得到了进一步的支持。这使Exchange Reserves截至5月27日，大约240万BTC，低于2022年中期的超过340万。这种长期的下降意味着，越来越多的投资者更喜欢自我顾客，类似于长期看涨的行为和信念。

During price rallies, outflows have frequently spiked and current outflow levels are high. While recent price volatility has surfaced driven by macroeconomic developments, the trend shows that institutions and large holders are lining up for further price upside.

在价格集会期间，流出经常峰值，当前流出水平很高。尽管最近的价格波动在宏观经济发展的推动下浮出水面，但这种趋势表明，机构和大型持有人正在排队以进一步的价格上涨。

Trump’s Tariff Pause Calms Markets

特朗普的关税暂停镇定市场

Donald Trump’s announcement to delay the 50% tariff on European Union imports had a modest impact on market sentiment. The date of implementation was pushed back from June 1 to July 9, taking a breather from what would have been a new wave of global trade wars.

唐纳德·特朗普（Donald Trump）宣布推迟对欧盟进口的50％关税的公告对市场情绪产生了不大的影响。实施日期从6月1日至7月9日推迟，从本来是全球贸易战争的新一波中喘口气。

After Friday’s announcement, bitcoin fell 3.9% but quickly recovered. On Monday, the price recorded on Bitstamp rose from a low of $107,562 up to $109,874. Both Asia and Europe echoed the move in equities and crypto markets, a coordinated risk on reaction.

周五宣布这一消息后，比特币下跌了3.9％，但很快恢复了。周一，Bitstamp的价格从107,562美元的低点上升到109,874美元。亚洲和欧洲都回应了股票和加密市场的举动，这是对反应的协调风险。

The tariff delay is only temporary, but it did relieve immediate pressure on financial markets. Investors used this dip as a buying opportunity, as evidenced by whale accumulation and lowered BTC exchange supply.

关税延迟只是暂时的，但确实减轻了金融市场的立即压力。投资者将这种倾角用作购买机会，鲸鱼的积累并降低了BTC的交换供应。

Technical Indicators Suggest Momentum Remains Intact

技术指标表明势头保持完整

On the technical side, Bitcoin is trading at around $110,000. Relative Strength Index (RSI) is 69.22, with a bit below the overbought mark. This is strong, bullish momentum that’s not yet exhausted. The MACD also confirms a short term uptrend, that is showing a positive gap between the MACD line (3,843) and signal line (3,718).

在技​​术方面，比特币的交易价格约为110,000美元。相对强度指数（RSI）为69.22，略低于超买商标。这是强大的看涨势头，尚未筋疲力尽。 MACD还确认了短期上升趋势，这显示了MACD线（3,843）和信号线（3,718）之间的正差距。

However, strong network engagement still shows with high active sending and receiving addresses. The sending addresses fluctuate above 750K daily, and the receiving addresses are above 460K, which is a very high stat. The levels are indicative of solid transaction volume and user participation that prop up the current rally.

但是，强大的网络参与仍然显示出高活动的发送和接收地址。发送地址每天波动750K，接收地址高于460K，这是一个很高的统计数据。这些级别表明稳定的交易量和用户参与，可以支持当前的集会。

Exchange outflows remain an important metric to keep an eye on. The market is showing signs of supply tightening, the latest being consistent spikes above 100K BTC per week with multi-year low exchange reserves, which could eventually set up another breakout.

交换流出仍然是关注的重要指标。市场显示出供应收紧的迹象，最新的是每周超过100k BTC的一致峰值，而多年低交易所储备，这最终可能会再次出现突破。