100萬比特幣提款標誌著轉向長期持有，流動性持續萎縮預計價格將出現波動

比特幣價值的不斷增長和流動性的減少可能會導致更大的波動性。

Bitcoin withdrawals from exchanges have reached 1 million over three years, indicating a shift toward long-term holding among investors. As Bitcoin’s value increases and liquidity decreases, the market may experience enhanced volatility.

三年來，從交易所提取的比特幣已達到 100 萬，這表明投資者轉向長期持有。隨著比特幣價值的增加和流動性的減少，市場可能會經歷更大的波動。

Over the last three years, about 1 million Bitcoin (BTC) have been withdrawn from exchanges. According to CryptoQuant, this trend signals a significant change in how investors behave. More people are holding their Bitcoin rather than trading it. This mirrors Bitcoin’s increasing status as a store of value and an insurance policy in market volatility.

過去三年中，約 100 萬比特幣 (BTC) 已從交易所撤出。根據 CryptoQuant 的說法，這一趨勢標誌著投資者行為方式的重大變化。更多的人持有比特幣而不是交易它。這反映出比特幣作為價值儲存手段和市場波動保險的地位日益提高。

As investors geared up for what would be a market bounce back in November 2022, large BTC withdrawals took place. These moves showed that investors were looking for long term growth. Fast forward to November 2024 and the trend is happening again. Now Bitcoin is trading at historic highs, but the market is this big.

隨著投資者為 2022 年 11 月的市場反彈做好準備，大量 BTC 被撤資。這些舉措顯示投資者正在尋求長期成長。快進到 2024 年 11 月，這種趨勢再次發生。現在比特幣的交易價格處於歷史高位，但市場就這麼大。

Additionally, major institutions like MicroStrategy and Metaplanet are also accumulating Bitcoin. These companies see the potential in Bitcoin and are buying more of it. During a market downturn, people are accumulating, but this is different from the previous period. This shows a difference illustrating how Bitcoin has grown, market behavior has changed since which leads to one of the major changes in trading.

此外，MicroStrategy 和 Metaplanet 等主要機構也正在累積比特幣。這些公司看到了比特幣的潛力，並正在購買更多比特幣。市場低迷時期，人們在積累，但這與之前不同。這顯示了一種差異，說明了比特幣如何成長，市場行為發生了變化，從而導致了交易的重大變化之一。

Bitcoin Price Volatility Expected as Liquidity Continues to Shrink

隨著流動性持續萎縮，比特幣價格預計將出現波動

Bitcoin’s liquidity has been reduced by withdrawals from exchanges. Less pressure to sell comes when liquidity is lower. It may be able to prop up Bitcoin’s price in the short term. The fewer Bitcoin that is available on exchanges also means less selling and more price stability.

比特幣的流動性因交易所提款而減少。當流動性較低時，出售壓力就會較小。它或許能夠在短期內支撐比特幣的價格。交易所上可用的比特幣越少也意味著銷售量減少和價格穩定性更高。

So, the Bitcoin market could become more volatile as we have less Bitcoin available. He explained that since it has fewer Bitcoins for trading, large transactions may cause larger price changes. This implies that Bitcoin’s price may become less predictable in the future. That means investors should be prepared for more volatility.

因此，隨著可用比特幣的減少，比特幣市場可能會變得更加波動。他解釋說，由於可供交易的比特幣較少，大額交易可能會導致較大的價格變化。這意味著比特幣的價格未來可能變得更難以預測。這意味著投資者應該為更大的波動做好準備。

Bitcoin is currently changing hands at $106,000. On the day Trump was sworn in as president, it also reached its all-time high at $109,588. President Trump has embraced the crypto market, having called himself the ‘crypto president’. This is another sign of how much Bitcoin has grown in importance.

比特幣目前的易手價格為 106,000 美元。川普宣誓就任總統當天，也創下歷史新高，達到 109,588 美元。川普總統擁抱了加密貨幣市場，稱自己為「加密貨幣總統」。這是比特幣重要性成長的另一個跡象。

The evolution of Bitcoin’s market dynamics demonstrates that Bitcoin is no longer just an asset bought only for speculation. However, it is turning out to be a mainstream store of value. The more investors and institutions hold Bitcoin, its growing influence on global financial markets is likely to continue.

比特幣市場動態的演變表明，比特幣不再只是一種僅為投機而購買的資產。然而，它正在成為一種主流的價值儲存手段。持有比特幣的投資者和機構越多，其對全球金融市場的影響力可能會持續成長。