比特幣（BTC）交易者對待二手股與其他主要交易所不同：分析

比特幣交易者似乎對二進制的處理方式與目前其他主要的加密交易所不同。這種模式標誌著市場行為的潛在轉變和

Short-Term Holders (STHs) are dumping less Bitcoin (BTC) into Binance than other major crypto exchanges, especially in recent times. This pattern, which could be pivotal for Bitcoin’s price in the near term, is now being closely monitored by on-chain analytics firm CryptoQuant.

與其他主要加密交易所相比，短期持有人（STH）將比特幣（BTC）傾倒較少，尤其是最近。這種模式在短期內可能是比特幣價格關鍵的，現在正在受到鏈上分析公司加密量的密切監視。

The crypto analytics platform found that STHs, generally defined as wallets holding coins for less than 155 days, have been transferring significantly less BTC to Binance compared to other trading platforms.

Crypto Analytics平台發現，與其他交易平台相比，STH通常定義為持有硬幣的錢包持有不到155天的錢包，其BTC的轉移到了二錢。

Over a tracked period, STHs deposited a mere 6,300 BTC onto Binance. This stands in stark contrast to the average 24,700 BTC they sent to other exchanges within the same timeframe.

在追踪期間，STH僅將6,300 BTC沉積到binance上。這與他們在同一時間範圍內發送到其他交易所的平均24,700 BTC形成了鮮明對比。

Conversely, the comparatively higher BTC inflow to “other exchanges” suggests a potential shift in where active traders are seeking liquidity or executing trades.

相反，BTC向“其他交易所”的流入相對較高表明，積極交易者正在尋求流動性或執行交易的潛在轉變。

While Binance is usually recognized for having the highest reported trading volume globally, its lower STH inflows could suggest it’s viewed more as a stable holding location, like a “Bitcoin bank,” rather than the primary hub for short-term trading decisions.

雖然Binance通常因全球報告的交易量最高而被認可，但其較低的STH流入可能表明它更多地視為穩定的持有地點，例如“比特幣銀行”，而不是短期交易決策的主要樞紐。

These diverging trends in BTC flow highlight evolving market dynamics that could influence Bitcoin’s price action in the near term as investors adjust their trading or holding strategies between exchanges.

BTC流動中的這些不同趨勢突出了不斷發展的市場動態，這些動態可能會在近期內影響比特幣的價格行動，因為投資者調整了交易或交流之間的策略。

Binance’s Large BTC Balance

Binance的大BTC平衡

Binance continues to hold a massive amount of Bitcoin on behalf of its users, a factor that contributes significantly to its large market share.

Binance繼續代表其用戶持有大量比特幣，這一因素極大地促進了其龐大的市場份額。

According to data from Coinglass tracking exchange balances, Binance’s reported BTC balance (around 569,561 BTC) is currently the second-largest among major centralized platforms, after Coinbase Pro.

根據Coinglass Tracking Exchange餘額的數據，Binance報告的BTC餘額（約569,561 BTC）目前是僅次於Coinbase Pro的主要集中式平台中的第二大平台。

This large balance suggests that many users continue to trust Binance as a primary platform for minding their own Bitcoin.

這種巨大的平衡表明，許多用戶繼續相信binance是關注自己的比特幣的主要平台。

A closer look at the timeframes reveals further details. In the 24-hour view, Binance’s net BTC balance (around +1,698 BTC) appears relatively stable. However, Bitfinex shows a much larger net inflow (+11,755 BTC).

仔細觀察時間表可以揭示更多細節。在24小時的視圖中，Binance的淨BTC餘額（+1,698 BTC）似乎相對穩定。但是，Bitfinex顯示出更大的淨流入（+11,755 BTC）。

This could indicate more significant active trading or a large deposit occurred on Bitfinex during that window.

這可能表明在該窗口期間，Bitfinex上發生了更重要的積極交易或大量存款。

7-Day Vs. 30-Day Trends

7天VS。 30天趨勢

In the seven-day time frame, Binance shows a slight net inflow of +968 BTC. This means that more Bitcoin was deposited into Binance than withdrawn over the past week.

在七天的時間範圍內，二錢略有淨流入+968 BTC。這意味著，比比特幣存入了比過去一周撤回的更多。

However, major counterparts Coinbase Pro (-7,792 BTC) and Bitfinex (-7,524 BTC) display substantial net outflows. This implies traders moved significant amounts of BTC from those platforms in recent times, possibly to self-custody or transfer to another exchange or venue.

但是，主要的對手Coinbase Pro（-7,792 BTC）和Bitfinex（-7,524 BTC）顯示出大量的淨出口。這意味著交易者最近從這些平台轉移了大量的BTC，可能是自我顧客或轉移到另一個交易所或場地。

Over a longer 30-day period, Binance has experienced net outflows (around -13,796 BTC), indicating some Bitcoin did move out of the exchange over the month despite the weekly stability.

在更長的30天期間，Binance經歷了淨流出（約合為-13,796 BTC），表明儘管每週穩定，但有些比特幣確實在一個月內移出了交易所。

The general trend shows most major exchange platforms have seen their BTC balances decline over the past 30 days. This could suggest more Bitcoin is flowing into private, user-controlled wallets—a self-custody trend.

一般趨勢表明，在過去30天內，大多數主要的交換平台已經看到其BTC餘額下降。這可能表明更多的比特幣正在流入私人，用戶控制的錢包 - 一種自我顧客趨勢。