比特幣（BTC）可能面臨潛在的供應緊張，這可能會推高其價格

截至發稿時，比特幣 (BTC) 的交易價格為 101,718 美元，24 小時內上漲 1.6%。不出所料，王幣繼續

Bitcoin (BTC) price continued its rally on Monday, adding another 1.6% in 24 hours to trade at $101,718 at press time. This comes as BTC’s market capitalization remained above $2 trillion, out of a total crypto market cap of over $2.7 trillion.

比特幣 (BTC) 價格週一繼續上漲，截至發稿時 24 小時內上漲 1.6%，交易價格為 101,718 美元。同時，加密貨幣總市值超過 2.7 兆美元，而 BTC 的市值仍維持在 2 兆美元以上。

According to data from CryptoQuant, Bitcoin’s supply in the market has dropped to a 7-year low after spot exchange reserves fell to their lowest level since mid-2018.

CryptoQuant的數據顯示，在現貨外匯存底跌至2018年中期以來的最低水準後，市場上的比特幣供應量已降至7年來的最低水準。

The Bitcoin held on spot exchanges now stands at 1,055,716 BTC, with these reserves recording a steep drop over the past month amid Bitcoin’s rally past $100,000 to new all-time highs.

目前，現貨交易所持有的比特幣數量為 1,055,716 BTC，隨著比特幣價格突破 100,000 美元並創下歷史新高，這些儲備在過去一個月中大幅下降。

This supply squeeze is being driven by a lack of selling pressure from traders, despite Bitcoin’s recent gains.

儘管比特幣最近上漲，但交易員缺乏拋售壓力導致了供應緊張。

Data from 10X Research showed that Coinbase, which has the highest Bitcoin reserves, recorded 72,000 BTC in outflows in the last 30 days. These outflows comprised nearly 10% of the exchange’s Bitcoin balance.

10X Research 的數據顯示，比特幣儲備最高的 Coinbase 在過去 30 天內記錄了 72,000 BTC 的流出。這些流出量佔該交易所比特幣餘額的近 10%。

29,000 BTC was also withdrawn from Binance within the same period, while Kraken’s outflows accounted for more than 7% of its total Bitcoin holdings.

同期，幣安也有 29,000 BTC 被撤出，而 Kraken 的流出量佔其比特幣總持有量的 7% 以上。

The exchange netflow data for the last 30 days also revealed that Bitcoin recorded 22 days of negative netflows from spot exchanges.

過去30天的交易所淨流量數據也顯示，比特幣現貨交易所錄得22天負淨流量。

This highlighted the lack of selling pressure from traders, with the outflows indicating that more BTC was being withdrawn from exchanges than being deposited.

這凸顯了交易員缺乏拋售壓力，資金外流顯示從交易所提取的比特幣多於存入的比特幣。

According to the data, most traders opted to hold Bitcoin despite its recent gains, in a sign of their long-term bullish outlook on the market.

數據顯示，儘管比特幣近期上漲，但大多數交易者仍選擇持有比特幣，這表明他們對市場的長期看漲前景。

This unwillingness to sell was met with a spike in institutional demand, as seen in the inflows to spot Bitcoin exchange-traded funds (ETFs).

這種不願意出售的行為導致了機構需求的激增，從現貨比特幣交易所交易基金（ETF）的資金流入就可以看出這一點。

According to SoSoValue data, the total inflows to spot Bitcoin ETFs in the last three weeks have crossed $5 billion, as these assets are inching closer to holding 6% of Bitcoin’s total market capitalization.

根據 SoSoValue 數據，過去三週現貨比特幣 ETF 的總流入量已超過 50 億美元，這些資產正逐漸接近比特幣總市值的 6%。

Inflows into these ETFs have also been positive for the last 12 consecutive days. If these inflows continue, it could trigger an additional supply squeeze on Bitcoin that could push the price higher.

這些 ETF 的資金流入也連續 12 天呈正值。如果這些資金繼續流入，可能會引發比特幣的額外供應緊張，從而推高價格。

Meanwhile, long-term Bitcoin holders are known to sell whenever the market hits a local top. As AMBCrypto reported earlier this month, this cohort started selling their BTC holdings, which stalled the coin’s rally.

同時，眾所周知，每當市場觸及當地最高點時，長期比特幣持有者就會拋售比特幣。正如 AMBCrypto 本月早些時候報導的那樣，這群人開始出售他們持有的 BTC，這阻礙了比特幣的漲勢。

The Binary Coin Days Destroyed (CDD) has been at 1 over the last five days, which implied that long-term holders might still be selling their holdings.

在過去五天裡，二元幣銷毀天數 (CDD) 一直為 1，這意味著長期持有者可能仍在出售其持有的資產。

If this is the case, it could lead to Bitcoin avoiding a potential supply squeeze if the coins being sold by this cohort are enough to absorb the buy-side pressure.

如果是這樣的話，如果這群人出售的代幣足以吸收買方的壓力，那麼比特幣可能會避免潛在的供應緊張。