比特幣交易所供應暴跌，推動價格回升

比特幣（BTC）是世界領先的加密貨幣，最近因其極端的波動性而引起了廣泛關注。由於交易所供應量大幅減少，BTC 的價格在 60,000 美元至 67,000 美元之間波動。交易所的流失導致比特幣價格最近反彈，在跌至 60,000 美元後又回到 67,000 美元。

Bitcoin Exchange Supply Dwindles, Driving Price Recovery

比特幣交易所供應減少，推動價格回升

Bitcoin (BTC), the world's oldest and largest cryptocurrency, has garnered significant attention recently amid its extreme volatility. The digital asset has fluctuated between $60,000 and $67,000 after reaching an all-time high of $73,750. Notably, Bitcoin is experiencing a significant outflow from exchanges, with its exchange supply hitting an all-time low.

比特幣（BTC）是世界上最古老、最大的加密貨幣，最近因其極度波動而引起了廣泛關注。該數位資產在達到歷史新高 73,750 美元後，在 60,000 美元至 67,000 美元之間波動。值得注意的是，比特幣正在經歷交易所的大幅流出，其交易所供應量創下歷史新低。

Bitcoin Exchange Supply Reaches Record Lows

比特幣交易所供應量創歷史新低

According to data from Coinglass, Bitcoin's exchange supply plummeted to a low of $1.79 billion on Friday, March 23. Coinbase Pro emerged as the primary contributor to this drain, with over 14,800 BTC withdrawn from the exchange that day.

根據 Coinglass 的數據，比特幣的交易所供應量在 3 月 23 日星期五暴跌至 17.9 億美元的低點。Coinbase Pro 成為這一消耗的主要貢獻者，當天有超過 14,800 BTC 從交易所撤出。

Over the past 30 days, Coinbase Pro has witnessed a substantial outflow of approximately 58,000 BTC. This supply shock has played a key role in the recent rebound of Bitcoin's price, driving it above the $67,000 level from a low of $60,000.

過去 30 天，Coinbase Pro 見證了約 58,000 BTC 的大幅流出。這種供應衝擊在近期比特幣價格反彈中發揮了關鍵作用，將其從 60,000 美元的低點推升至 67,000 美元以上。

However, the exchange supply has since seen a partial recovery, with over 1,500 BTC flowing into Coinbase Pro on Monday, March 25. Nonetheless, outflows continued from Binance, Kraken, and Bybit. Binance recorded a withdrawal of nearly 4,000 Bitcoin in the past 30 days, while Bitfinex accounted for a drain of over 30,400 BTC during the same period.

然而，此後交易所供應量有所恢復，3 月 25 日星期一，超過 1,500 BTC 流入 Coinbase Pro。儘管如此，幣安、Kraken 和 Bybit 的資金仍在繼續流出。 Binance 在過去 30 天內提取了近 4,000 個比特幣，而 Bitfinex 同期則提取了超過 30,400 個比特幣。

BTC Price Recovery

比特幣價格回升

Amid the exchange supply drain, Bitcoin's price rebounded sharply, trading at $67,139.08 on Monday, March 25, representing a 4.68% gain at press time. The cryptocurrency boasted a market capitalization of $1.32 billion, and its 24-hour trading volume surged by 32.14% to $29.95 billion.

在交易所供應減少的情況下，比特幣價格大幅反彈，3 月 25 日星期一交易價格為 67,139.08 美元，截至發稿時漲幅為 4.68%。該加密貨幣市值達13.2億美元，24小時交易量飆漲32.14%至299.5億美元。

During the price rebound, over $61.84 million worth of Bitcoin holdings were liquidated. Shorts dominated the liquidations, accounting for $46.27 million in the past 24 hours. The buyback of these short positions is expected to fuel a further price surge in the near term.

在價格反彈期間，價值超過 6,184 萬美元的比特幣被清算。空頭在清算中佔據主導地位，在過去 24 小時內佔 4,627 萬美元。這些空頭部位的回購預計將在短期內推動價格進一步飆升。

However, analysts caution that a massive plunge in BTC's value could follow the short squeeze. Michaël van de Poppe, a prominent analyst, anticipates a 10-40% correction in the BTC price before the upcoming Halving event. Nonetheless, he believes that a new peak awaits Bitcoin after the Halving, scheduled for April this year.

然而，分析師警告稱，緊接著賣空之後，比特幣的價值可能會大幅下跌。著名分析師 Michaël van de Poppe 預計，在即將到來的減半事件之前，BTC 價格將出現 10-40% 的回檔。儘管如此，他認為今年 4 月減半後比特幣將迎來新的高峰。