隨著投資者擁抱冷存儲，比特幣交易所儲備創下歷史新低

比特幣交易儲備已暴跌至歷史新低，過去一個月有超過 9 萬枚比特幣被提取。這種資金流向冷庫顯示投資者正在採取長期持有策略，從而減少了比特幣的流動性供應。儘管最近價格上漲，但宏觀經濟指標，包括強勁的美國經濟數據和美元走強，可能會在短期內阻礙比特幣的表現。

Bitcoin Exchange Reserves Plummet to Record Lows Amidst Mass Exodus to Cold Storage

比特幣交易所儲備因大量資金流向冷庫而暴跌至歷史新低

[City, Date] - Bitcoin exchange reserves have plummeted to their lowest levels ever recorded, reflecting a mass exodus of coins from centralized platforms to cold storage. This trend has swept across major exchanges, with over 90,700 Bitcoins withdrawn in the past month alone.

[城市，日期] - 比特幣交易儲備已跌至有史以來的最低水平，反映出大量代幣從集中平台流向冷庫。這一趨勢席捲了各大交易所，光是過去一個月就有超過 90,700 個比特幣被撤回。

Long-Term Investors Seek Security Amidst Price Appreciation

長期投資者在價格升值中尋求安全

CryptoQuant data reveals a significant decline in Bitcoin exchange reserves since early 2021, with approximately 900,000 coins exiting these platforms. This exodus is attributed to a growing preference for long-term holding strategies, possibly driven by the asset's price appreciation and the approval of spot Bitcoin ETFs. The upcoming Bitcoin halving event has also fueled anticipation among investors.

CryptoQuant 數據顯示，自 2021 年初以來，比特幣交易儲備大幅下降，約有 90 萬枚比特幣退出這些平台。這種資金外流歸因於人們對長期持有策略的日益偏好，這可能是由資產價格升值和現貨比特幣 ETF 的批准所推動的。即將到來的比特幣減半事件也引發了投資者的期待。

Short-Term Holders Absorb Distribution Pressure

短期持有者吸收分配壓力

While exchange reserves continue to dwindle, Glassnode data indicates a shift in ownership within exchanges. Long-term holders have been gradually selling their coins to short-term holders, leading to a net increase in short-term holder supply of 1.121 million Bitcoins. This trend suggests that long-term investors are taking advantage of the recent price rally to realize profits.

儘管交易所儲備持續減少，但 Glassnode 數據表明交易所內部所有權發生了轉移。長期持有者逐漸將比特幣賣給短期持有者，導致短期持有者供應量淨增加112.1萬枚比特幣。這一趨勢顯示長期投資者正在利用近期的價格上漲來實現利潤。

Macroeconomic Factors Weigh on Bitcoin Price Performance

宏觀經濟因素影響比特幣價格表現

Despite a recent surge of 2.6% in the past 24 hours, Bitcoin remains approximately 10% below its all-time high of $73,000. Analysts attribute this sluggish performance to strong economic indicators emanating from the United States. The lack of imminent interest rate cuts by the Federal Reserve and a strengthening dollar have dampened investor sentiment.

儘管比特幣在過去 24 小時內飆升了 2.6%，但仍比 73,000 美元的歷史高點低約 10%。分析師將這種低迷的表現歸因於美國強勁的經濟指標。聯準會沒有立即降息以及美元走強抑制了投資者情緒。

Dollar Index's Surge Fuels Uncertainty

美元指數飆升加劇了不確定性

The dollar index has gained 1.24% in the past month, making dollar-denominated assets like Bitcoin more expensive. This currency appreciation could lead to price corrections as buyers face higher costs. Additionally, a sustained strong dollar can hinder borrowing and investment, creating a risk-averse environment that may deter investors from purchasing risk assets like Bitcoin.

過去一個月美元指數上漲了1.24%，使得比特幣等美元計價資產變得更昂貴。由於買家面臨更高的成本，貨幣升值可能會導致價格調整。此外，持續強勢的美元可能會阻礙借貸和投資，創造一種規避風險的環境，可能會阻止投資者購買比特幣等風險資產。

Coinbase Analysts Highlight Economic Data's Impact

Coinbase 分析師強調經濟數據的影響

Coinbase analysts have emphasized the impact of upcoming economic data on Bitcoin's price trajectory. They anticipate that a robust March jobs report could trigger a period of consolidation for Bitcoin as investors adopt a cautious stance.

Coinbase 分析師強調了即將發布的經濟數據對比特幣價格軌蹟的影響。他們預計，由於投資者採取謹慎立場，三月強勁的就業報告可能會引發比特幣一段時間的盤整。

Conclusion

結論

The plunge in Bitcoin exchange reserves signifies a growing preference for long-term holding strategies among investors. The shift in ownership within exchanges and the influence of macroeconomic factors present both opportunities and challenges for Bitcoin enthusiasts. While the asset's fundamental strength remains intact, investors should remain cognizant of market dynamics and exercise caution in their trading decisions.

比特幣交易儲備的暴跌表明投資者越來越傾向於長期持有策略。交易所內部所有權的轉變以及宏觀經濟因素的影響為比特幣愛好者帶來了機會和挑戰。儘管該資產的基本面實力保持不變，但投資者應繼續了解市場動態並在交易決策中保持謹慎。