比特幣（BTC）交易所儲備跌至五年低點－暗示

加密貨幣交易所的比特幣（BTC）數量持續下降，最近的記錄顯示已達到近期最低水準。

The quantity of Bitcoin (BTC) on crypto exchanges has continued to fall, reaching its lowest level in recent times.

加密貨幣交易所的比特幣（BTC）數量持續下降，達到近期最低。

According to recent data from CryptoQuant, the Bitcoin supply across exchanges has dropped to a five-year low.

根據 CryptoQuant 的最新數據，各交易所的比特幣供應量已降至五年來的最低點。

This development comes amid a bullish price movement in the market.

這一發展是在市場價格看漲的情況下發生的。

Bitcoin on Exchanges Drops – What It Means

交易所的比特幣下跌——這意味著什麼

The data from CryptoQuant shows that investors are continuously withdrawing their Bitcoin from major centralized crypto exchanges.

CryptoQuant 的數據顯示，投資者不斷從主要的中心化加密貨幣交易所撤回比特幣。

Comparing this pattern to the notable price increase, CryptoQuant’s analyst Gaah noted that the developing shortage may amplify buying pressure.

CryptoQuant 的分析師 Gaah 將此模式與顯著的價格上漲進行比較，指出日益嚴重的短缺可能會放大購買壓力。

Gaah interpreted the current scenario as a shift in investors’ behavior. According to the analyst, more investors are opting to remove their assets from exchanges for long-term storage in private wallets.

加赫將當前情況解釋為投資者行為的轉變。這位分析師表示，越來越多的投資人選擇將資產從交易所移出，以便長期儲存在私人錢包中。

This movement has been consistent since 2022, reducing the amount of Bitcoin available for immediate sale. In turn, this trend has continued to create buying pressure in a tight supply environment.

這一趨勢自 2022 年以來一直存在，減少了可立即出售的比特幣數量。反過來，這種趨勢在供應緊張的環境下繼續造成購買壓力。

Reduced exchange reserves are generally indicative of longer-term holding sentiment. This ongoing decline in Bitcoin liquidity, especially during high demand, may cause a supply squeeze, driving up prices.

外匯存底減少通常表示長期持有情緒。比特幣流動性的持續下降，尤其是在需求旺盛的情況下，可能會導致供應緊張，從而推高價格。

The CryptoQuant analyst further noted that the situation suggests increased investor confidence in the leading cryptocurrency.

CryptoQuant 分析師進一步指出，這種情況顯示投資者對領先的加密貨幣的信心增強。

According to Gaah, these investors view Bitcoin as a store of value in a global economic context of uncertainty and high inflation.

加赫表示，這些投資人將比特幣視為在全球經濟不確定性和高通膨背景下的價值儲存手段。

While this scenario signals a potentially more volatile market, Gaah also indicated that it points to a more resilient Bitcoin market.

雖然這種情況預示著市場可能會更加波動，但加赫也表示，這顯示比特幣市場更具彈性。

With less selling pressure and the dominance of long-term holders, Gaah believes the market could open up space for new price peaks.

加赫認為，隨著拋售壓力的減輕和長期持有者的主導地位，市場可能會為新的價格高峰打開空間。

Bitcoin Price and the Market Rally Trend

比特幣價格和市場反彈趨勢

Bitcoin price recently rallied to an all-time high of $93,244. It may reach that level again since its reserves are still running low on exchanges.

比特幣價格最近上漲至 93,244 美元的歷史新高。由於交易所的儲備金仍然不足，它可能會再次達到這一水平。

At the time of writing, BTC was trading at $89,728, showing a 24-hour price increase of 1.2%. Monthly gains stand at 31.8%, while the yearly return has reached 146%.

截至撰寫本文時，BTC 交易價格為 89,728 美元，24 小時價格上漲 1.2%。月收益達31.8%，年收益達146%。

The fundamentals surrounding the price of Bitcoin support this bullish growth trend. From the Bitcoin halving to institutional adoption and Bitcoin ETF, many considered the rally long due.

圍繞比特幣價格的基本面支持了這種看漲的成長趨勢。從比特幣減半到機構採用和比特幣 ETF，許多人認為反彈早已到來。

Meanwhile, Bitcoin is not the only cryptocurrency experiencing bullish momentum. Ethereum (ETH), the second-largest cryptocurrency, has increased 4.3% in the past week.

同時，比特幣並不是唯一出現看漲勢頭的加密貨幣。第二大加密貨幣以太幣（ETH）在過去一周上漲了 4.3%。

Other top altcoins, including Solana (SOL) and XRP, surged by 6.53% and 60.7% within seven days. The ongoing market rally included top memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB).

其他頂級山寨幣，包括 Solana (SOL) 和 XRP，在 7 天內飆升 6.53% 和 60.7%。持續的市場上漲包括狗狗幣（DOGE）和柴犬（SHIB）等頂級迷因幣。

In the last week, DOGE and SHIB spiked by 88% and 28%, respectively. The surge in the crypto market came after Donald Trump won the US presidential election.

上週，DOGE 和 SHIB 分別飆升 88% 和 28%。唐納德·川普贏得美國總統大選後，加密貨幣市場激增。

Tagged the “Crypto President,” many believe his administration will come with clear regulations for the industry.

許多人被貼上「加密貨幣總統」的標籤，認為他的政府將為該行業制定明確的法規。

Is $100,000 the Next Stop

10 萬美元是下一站嗎

According to analysts, Bitcoin price could soar as high as $100,000 in the next few months. The Bitcoin price chart shows crucial psychological support and resistance levels at the $100,000 level right now.

分析師稱，未來幾個月比特幣價格可能飆升至 10 萬美元。比特幣價格圖表顯示目前關鍵的心理支撐位和阻力位在 100,000 美元。

If Bitcoin manages to overcome this barrier, the next targets may be above $100,000. In case of a pullback, the $80,000 level serves as a strong support cushion.

如果比特幣能夠克服這一障礙，下一個目標可能會超過 10 萬美元。如果出現回調，80,000 美元的水平將成為強有力的支撐緩衝。

Bulls would need to protect this level to maintain the upward momentum. Notably, Bitcoin’s recent price surge past $93,000 is noteworthy.

多頭需要保護這一水準才能維持上漲動能。值得注意的是，比特幣最近的價格飆升至 93,000 美元以上，值得注意。

If the current momentum continues, the coin will enter a price discovery phase, which could fuel its exponential growth.

如果目前的勢頭持續下去，代幣將進入價格發現階段，這可能會推動其指數級增長。