比特币（BTC）交易网络流量最近出现负峰值，这意味着什么

链上数据显示，即使在最新高点超过 93,000 美元之后，比特币仍继续从加密货币交易所币安流出。

Even after Bitcoin's latest surge past the $93,000 level, on-chain data shows that a large amount of the cryptocurrency continues to flow out of the Binance exchange.

即使在比特币最新飙升至超过 93,000 美元的水平之后，链上数据显示大量加密货币仍在继续流出币安交易所。

The Exchange Netflow for Binance has shown negative values recently, according to an analysis in a recent CryptoQuant Quicktake post. The "Exchange Netflow" is an indicator that measures the net amount of Bitcoin moving into or out of the wallets of a particular exchange or group of platforms.

根据最近 CryptoQuant Quicktake 帖子中的分析，币安的交易网络流量最近显示为负值。 “交易所净流量”是衡量流入或流出特定交易所或平台组钱包的比特币净额的指标。

When the indicator's value is positive, it indicates that investors are transferring a net number of tokens from their self-custodial wallets to the addresses linked with the exchange. This type of trend can be bearish for BTC because one of the main reasons investors use these platforms is to sell their holdings.

当该指标值为正时，表明投资者正在将净数量的代币从其自我托管钱包转移到与交易所关联的地址。这种趋势可能对比特币不利，因为投资者使用这些平台的主要原因之一是出售其持有的资产。

On the other hand, a negative indicator suggests that a net amount of the asset is flowing out of the exchange. This trend could indicate that holders intend to HODL for the long term, which is typically bullish for the cryptocurrency's value.

另一方面，负指标表明资产净额正在流出交易所。这种趋势可能表明持有者打算长期持有，这通常有利于加密货币的价值。

The following chart specifically depicts the trend in the Bitcoin Exchange Netflow for the Binance platform over the past month:

下图具体描绘了过去一个月币安平台的比特币交易净流量趋势：

The Bitcoin Exchange Netflow for Binance had large negative spikes earlier in the month as BTC's latest leg of the rally kicked off, the chart shows. It's possible that these large accumulation moves helped fuel the run, given the timing.

图表显示，随着 BTC 最近一轮反弹的开始，本月早些时候，币安的比特币交易净流量出现了大幅负值飙升。考虑到时机，这些大规模吸筹行动可能有助于推动股市上涨。

The metric saw a reversal into positive territory as the cryptocurrency's all-time high (ATH) exploration continued, but during the past day, a huge amount of BTC has once again left Binance. More specifically, investors withdrew around 7,600 BTC from the exchange with these outflows, which is on par with the withdrawals earlier in the month.

随着加密货币继续探索历史新高（ATH），该指标出​​现反转，但在过去一天，大量比特币再次离开币安。更具体地说，投资者从交易所撤回了约 7,600 BTC，这与本月早些时候的撤资情况相当。

The latest net outflows occurred as the asset reached a new high, indicating strong demand for Bitcoin even at these high prices. This can be a positive indicator for the rally's sustainability, although the indicator bears watching.

最新的净流出发生在该资产创下新高之际，这表明即使在如此高的价格下，对比特币的需求仍然强劲。尽管该指标值得关注，但这可能是反弹可持续性的积极指标。

The initial reversal into positive territory saw net inflows on a small scale, but if another surge into the zones sees a significant amount of tokens entering the platform, it could indicate profit-taking at a level that threatens the run.

最初逆转为正值区域时出现了小规模的净流入，但如果再次涌入该区域并看到大量代币进入平台，则可能表明获利回吐的水平可能威胁到挤兑。