比特币（BTC）可能面临潜在的供应紧张，这可能会推高其价格

截至发稿时，图表上的比特币交易价格为 101,718 美元，24 小时内上涨 1.6%。不出所料，王币继续

Bitcoin (BTC) price continued its rally on Monday, adding another 1.6% in 24 hours to trade at $101,718 at press time. This comes as BTC’s market capitalization remained above $2 trillion, out of a total crypto market cap of over $2.7 trillion.

比特币 (BTC) 价格周一继续上涨，截至发稿时 24 小时内上涨 1.6%，交易价格为 101,718 美元。与此同时，加密货币总市值超过 2.7 万亿美元，而 BTC 的市值仍保持在 2 万亿美元以上。

According to data from CryptoQuant, Bitcoin’s supply in the market has dropped to a 7-year low after spot exchange reserves fell to their lowest level since mid-2018.

CryptoQuant的数据显示，在现货外汇储备跌至2018年中期以来的最低水平后，市场上的比特币供应量已降至7年来的最低水平。

The Bitcoin held on spot exchanges now stands at 1,055,716 BTC, with these reserves recording a steep drop over the past month amid Bitcoin’s rally past $100,000 to new all-time highs.

目前，现货交易所持有的比特币数量为 1,055,716 BTC，随着比特币价格突破 100,000 美元并创下历史新高，这些储备在过去一个月中大幅下降。

This supply squeeze is being driven by a lack of selling pressure from traders, despite Bitcoin’s recent gains.

尽管比特币最近上涨，但交易员缺乏抛售压力导致了供应紧张。

Data from 10X Research showed that Coinbase, which has the highest Bitcoin reserves, recorded 72,000 BTC in outflows in the last 30 days. These outflows comprised nearly 10% of the exchange’s Bitcoin balance.

10X Research 的数据显示，比特币储备最高的 Coinbase 在过去 30 天内记录了 72,000 BTC 的流出。这些流出量占该交易所比特币余额的近 10%。

29,000 BTC was also withdrawn from Binance within the same period, while Kraken’s outflows accounted for more than 7% of its total Bitcoin holdings.

同期，币安也有 29,000 BTC 被撤出，而 Kraken 的流出量占其比特币总持有量的 7% 以上。

The exchange netflow data for the last 30 days also revealed that Bitcoin recorded 22 days of negative netflows from spot exchanges.

过去30天的交易所净流量数据还显示，比特币现货交易所录得22天负净流量。

This highlighted the lack of selling pressure from traders, with the outflows indicating that more BTC was being withdrawn from exchanges than being deposited.

这凸显了交易员缺乏抛售压力，资金外流表明从交易所提取的比特币多于存入的比特币。

According to the data, most traders opted to hold Bitcoin despite its recent gains, in a sign of their long-term bullish outlook on the market.

数据显示，尽管比特币近期有所上涨，但大多数交易者仍选择持有比特币，这表明他们对市场的长期看涨前景。

This unwillingness to sell was met with a spike in institutional demand, as seen in the inflows to spot Bitcoin exchange-traded funds (ETFs).

这种不愿出售的行为导致了机构需求的激增，从现货比特币交易所交易基金（ETF）的资金流入就可以看出这一点。

According to SoSoValue data, the total inflows to spot Bitcoin ETFs in the last three weeks have crossed $5 billion, as these assets are inching closer to holding 6% of Bitcoin’s total market capitalization.

根据 SoSoValue 数据，过去三周现货比特币 ETF 的总流入量已超过 50 亿美元，这些资产正逐渐接近比特币总市值的 6%。

Inflows into these ETFs have also been positive for the last 12 consecutive days. If these inflows continue, it could trigger an additional supply squeeze on Bitcoin that could push the price higher.

这些 ETF 的资金流入也连续 12 天呈正值。如果这些资金继续流入，可能会引发比特币的额外供应紧张，从而推高价格。

Meanwhile, long-term Bitcoin holders are known to sell whenever the market hits a local top. As AMBCrypto reported earlier this month, this cohort started selling their BTC holdings, which stalled the coin’s rally.

与此同时，众所周知，每当市场触及当地最高点时，长期比特币持有者就会抛售比特币。正如 AMBCrypto 本月早些时候报道的那样，这群人开始出售他们持有的 BTC，这阻碍了比特币的涨势。

The Binary Coin Days Destroyed (CDD) has been at 1 over the last five days, which implied that long-term holders might still be selling their holdings.

过去五天里，二元币销毁天数 (CDD) 一直为 1，这意味着长期持有者可能仍在出售其持有的资产。

If this is the case, it could lead to Bitcoin avoiding a potential supply squeeze if the coins being sold by this cohort are enough to absorb the buy-side pressure.

如果是这样的话，如果这群人出售的代币足以吸收买方的压力，那么比特币可能会避免潜在的供应紧张。