顧名思義，該指標衡量了與礦工和集中式交換相關的錢包之間的淨流。
The latest on-chain data from CryptoQuant shows that Bitcoin Net Flow from Miners to Exchanges has increased.
來自加密量的最新鍊鍊數據表明，從礦工到交換的比特幣淨流量有所增加。
According to IT Tech, a writer for CryptoQuant, recent trends in the Flow from Miners to Exchanges vs Flow from Exchanges to Miners metric indicate that miners are making net token deposits to the platform.
據CryptoQuant的作者IT Tech稱，從礦工到交換與從交易所到礦工指標的交流的流量的最新趨勢表明，礦工正在向平台納入代幣存款。
This indicator measures, as the name suggests, the net flow between wallets associated with miners and centralized exchanges. When the value of this metric is positive, it indicates that miners are making net token deposits to the platform. Typically, these chain validators transfer to exchanges when they want to sell, so trends like this can have a bearish impact on asset prices.
顧名思義，該指標衡量了與礦工和集中式交換相關的錢包之間的淨流。當該指標的價值為正時，它表明礦工正在將淨令牌存入到平台上。通常，這些連鎖驗證者在想出售時轉移到交易所，因此這樣的趨勢會對資產價格產生看跌的影響。
Sales Trends During the Rally and Price DropAs shown in the chart above, this indicator has recorded significant positive values since its rally in the last few months of 2024.
自2024年最近幾個月的集會以來，該指標在上圖中顯示的集會和價格下降期間的銷售趨勢。
Although there were some net outflows during this period, the scale of the outflows was much smaller compared to the inflows. Given that the deposits were initiated when the rally was underway, it seems that the motivation behind them was to take profits.Miners' Response to Current Market DynamicsRecently, even though the bullish momentum has decreased and the price of Bitcoin (BTC) has declined, inflows from miners have continued. This group may now simply be doing panic selling, fearing a bear market.Miners are entities that routinely participate in distribution, as they have fixed operational costs in the form of electricity bills that they have to pay. Usually, these sales are not on a scale that cannot be absorbed by the market, so Bitcoin (BTC) does not tend to be affected much by them.ConclusionWith market conditions constantly changing, it will be interesting to see what steps Bitcoin (BTC) miners will take next and whether or not their potential sale will affect the asset. Bitcoin (BTC) price is currently hovering around $83,400, up almost 6% in the last seven days.
儘管在此期間有一些淨流出，但與流入相比，流出的規模要小得多。鑑於在集會進行時開始了沉積物，似乎他們背後的動機是獲利。礦工對當前市場動態的反應，即使看漲的勢頭也有所下降，比特幣（BTC）的價格（BTC）的價格也下降，但礦工的流入仍在繼續。現在，該集團可能只是在做恐慌的銷售，擔心熊市。麥費賽是通常參與分銷的實體，因為他們以必須支付的電費的固定運營成本。通常，這些銷售不會受到市場無法吸收的規模，因此比特幣（BTC）不會受到他們的影響。結論與市場條件不斷變化會很有趣的是，看看比特幣（BTC）礦工接下來要採取哪些步驟，以及他們的潛在銷售是否會影響資產。比特幣（BTC）的價格目前徘徊在83,400美元左右，最近七天增長了近6％。
