比特幣（BTC）交易網路流量最近出現負峰值，這意味著什麼

鏈上數據顯示，即使在最新高點超過 93,000 美元之後，比特幣仍繼續從加密貨幣交易所幣安流出。

Even after Bitcoin's latest surge past the $93,000 level, on-chain data shows that a large amount of the cryptocurrency continues to flow out of the Binance exchange.

即使在比特幣最新飆升至超過 93,000 美元的水平之後，鏈上數據顯示大量加密貨幣仍在繼續流出幣安交易所。

The Exchange Netflow for Binance has shown negative values recently, according to an analysis in a recent CryptoQuant Quicktake post. The "Exchange Netflow" is an indicator that measures the net amount of Bitcoin moving into or out of the wallets of a particular exchange or group of platforms.

根據最近 CryptoQuant Quicktake 貼文中的分析，幣安的交易網路流量最近顯示為負值。 「交易所淨流量」是衡量流入或流出特定交易所或平台組錢包的比特幣淨額的指標。

When the indicator's value is positive, it indicates that investors are transferring a net number of tokens from their self-custodial wallets to the addresses linked with the exchange. This type of trend can be bearish for BTC because one of the main reasons investors use these platforms is to sell their holdings.

當該指標值為正時，表示投資者正在將淨數量的代幣從其自我託管錢包轉移到與交易所關聯的地址。這種趨勢可能對比特幣不利，因為投資者使用這些平台的主要原因之一是出售其持有的資產。

On the other hand, a negative indicator suggests that a net amount of the asset is flowing out of the exchange. This trend could indicate that holders intend to HODL for the long term, which is typically bullish for the cryptocurrency's value.

另一方面，負指標表示資產淨額正在流出交易所。這種趨勢可能表明持有者打算長期持有，這通常有利於加密貨幣的價值。

The following chart specifically depicts the trend in the Bitcoin Exchange Netflow for the Binance platform over the past month:

下圖具體描繪了過去一個月幣安平台的比特幣交易淨流量趨勢：

The Bitcoin Exchange Netflow for Binance had large negative spikes earlier in the month as BTC's latest leg of the rally kicked off, the chart shows. It's possible that these large accumulation moves helped fuel the run, given the timing.

圖表顯示，隨著 BTC 最近一輪反彈的開始，本月早些時候，幣安的比特幣交易淨流量出現了大幅負值飆升。考慮到時機，這些大規模吸籌行動可能有助於推動股市上漲。

The metric saw a reversal into positive territory as the cryptocurrency's all-time high (ATH) exploration continued, but during the past day, a huge amount of BTC has once again left Binance. More specifically, investors withdrew around 7,600 BTC from the exchange with these outflows, which is on par with the withdrawals earlier in the month.

隨著加密貨幣繼續探索歷史新高（ATH），該指標出現反轉，但在過去一天，大量比特幣再次離開幣安。更具體地說，投資者從交易所撤回了約 7,600 BTC，這與本月稍早的撤資情況相當。

The latest net outflows occurred as the asset reached a new high, indicating strong demand for Bitcoin even at these high prices. This can be a positive indicator for the rally's sustainability, although the indicator bears watching.

最新的淨流出發生在該資產創下新高之際，這表明即使在如此高的價格下，對比特幣的需求仍然強勁。儘管該指標值得關注，但這可能是反彈可持續性的積極指標。

The initial reversal into positive territory saw net inflows on a small scale, but if another surge into the zones sees a significant amount of tokens entering the platform, it could indicate profit-taking at a level that threatens the run.

最初逆轉為正值區域時出現了小規模的淨流入，但如果再次湧入該區域並看到大量代幣進入平台，則可能表明獲利回吐的水平可能威脅到擠兌。