大規模比特幣提款顯示機構利益，改變市場動態

自美國推出現貨交易所交易基金 (ETF) 以來，價值近 100 億美元的比特幣 (BTC) 已從加密貨幣交易所撤出，這表明未來幾個月需求激增，但供應可能出現緊張。 Glassnode 的數據顯示，自 1 月 11 日以來，超過 136,000 BTC 從交易所大量流出，顯示市場轉向長期持有和看漲情緒。

Mass Bitcoin Withdrawal from Exchanges Signals Growing Institutional Interest and Market Dynamics

比特幣從交易所大規模撤資顯示機構興趣和市場動態不斷增長

New York, March 29, 2024 - Since the inception of spot exchange-traded funds (ETFs) in the United States, a substantial amount of Bitcoin (BTC) has been withdrawn from cryptocurrency exchanges, signaling a shift in investor sentiment and market dynamics.

紐約，2024 年 3 月 29 日 - 自美國現貨交易所交易基金 (ETF) 誕生以來，大量比特幣 (BTC) 已從加密貨幣交易所撤出，這標誌著投資者情緒和市場動態的轉變。

Data from on-chain analytics firm Glassnode reveals that exchanges have witnessed a decline of over 136,000 BTC since January 11, 2024. This exodus of BTC from exchanges suggests that investors are withdrawing their assets for long-term holding, indicating bullish sentiment and a potential squeeze in supply.

鏈上分析公司Glassnode 的數據顯示，自2024 年1 月11 日以來，交易所已減少了超過136,000 BTC。BTC 從交易所流出表明投資者正在撤回其資產以進行長期持有，這表明看漲情緒和潛在的潛在風險。擠壓供應。

ETF Impact on BTC Supply

ETF 對 BTC 供給的影響

The emergence of spot Bitcoin ETFs in the United States has played a pivotal role in this mass withdrawal. Launched less than three months ago, these ETFs have facilitated institutional investments in the cryptocurrency, attracting approximately $9.5 billion worth of BTC from major trading platforms.

美國現貨比特幣ETF的出現在這次大規模撤資中扮演了關鍵角色。這些 ETF 推出不到三個月，促進了機構對加密貨幣的投資，從主要交易平台吸引了價值約 95 億美元的 BTC。

Coinbase Exchange Balance Reaches Lowest Level Since April 2018

Coinbase 交易所餘額達到 2018 年 4 月以來的最低水平

As of March 28, Coinbase, the largest U.S. crypto exchange, held a combined 2,320,458 BTC, the lowest balance since April 2018. This decline in exchange balances indicates a growing preference for off-exchange storage and a shift away from short-term trading strategies.

截至3 月28 日，美國最大的加密貨幣交易所Coinbase 總共持有2,320,458 BTC，這是自2018 年4 月以來的最低餘額。交易所餘額的下降表明人們越來越傾向於場外儲存以及從短期交易策略的轉變。

Continued Withdrawals and Strong Buying Pressure

持續提款和強勁的購買壓力

The trend of BTC withdrawals shows no signs of abating. Glassnode data reveals that on March 27 alone, over 22,000 BTC ($1.54 billion) were withdrawn from exchanges, marking the third-largest daily tally in 2024.

BTC 提現的趨勢沒有減弱的跡象。 Glassnode 數據顯示，光是 3 月 27 日，就有超過 22,000 BTC（15.4 億美元）從交易所撤出，創下 2024 年第三大單日撤出量。

J.A. Maartunn, a contributor to on-chain analytics platform CryptoQuant, observed a significant inflow of stablecoin USD Coin (USDC) to Coinbase, totaling $1.4 billion. This move, according to Maartunn, represents the largest such inbound transfer in history and suggests strong buying pressure in the market.

J.A.鏈上分析平台 CryptoQuant 的貢獻者 Maartunn 觀察到穩定幣美元硬幣 (USDC) 大量流入 Coinbase，總計 14 億美元。 Maartunn 表示，此舉是史上規模最大的此類入境轉移，顯示市場存在強勁的購買壓力。

Bitcoin Halving Optimism

比特幣減半的樂觀情緒

The impending Bitcoin block subsidy halving event in mid-April has fueled optimism among investors. The halving will reduce the supply of newly-mined BTC by 50%, further exacerbating the supply squeeze.

4月中旬即將到來的比特幣區塊補貼減半事件激發了投資者的樂觀情緒。減半將使新開採的BTC供應量減少50%，進一步加劇供應緊張。

Charles Edwards, founder of quantitative Bitcoin and digital asset fund Capriole Investments, predicted that the "biggest Halving in Bitcoin's history" will create a potent combination of pent-up institutional demand via ETFs, supply squeeze from the Halving, and Bitcoin's status as the world's hardest asset.

量化比特幣和數位資產基金Capriole Investments 的創始人查爾斯·愛德華茲(Charles Edwards) 預測，「比特幣歷史上最大規模的減半」將透過ETF 被壓抑的機構需求、減半帶來的供應緊張以及比特幣作為世界第一大貨幣的地位形成強而有力的組合。最難的資產。

Conclusion

結論

The mass withdrawal of BTC from exchanges in the wake of spot ETF launches and the upcoming block subsidy halving event underscores growing institutional interest, a shift in investor sentiment towards long-term holding, and the potential for a fundamental shift in market dynamics. As the supply of available BTC decreases in the coming months, the stage is set for a potential surge in demand and price appreciation.

在現貨ETF 推出和即將到來的大額補貼減半事件之後，比特幣從交易所大規模撤資，凸顯了機構興趣的增長、投資者情緒向長期持有的轉變，以及市場動態發生根本性轉變的可能性。隨著未來幾個月可用比特幣供應量的減少，需求可能會激增，價格也會上漲。