比特币[BTC]最近几天的价格变动引起了很多关注

该价格行动是在有关一项新的美国加密储备计划的报告之后，其中包括比特币和其他主要加密货币。

Bitcoin’s [BTC] recent price movements have drawn attention, with the cryptocurrency experiencing both a sharp decline and a subsequent rebound.

比特币的[BTC]最近的价格变动引起了人们的关注，加密货币既急剧下降又有后来的反弹。

This action follows reports of a new U.S. crypto reserve initiative, including Bitcoin and other major cryptocurrencies.

此行动是在报道了一项新的美国加密储备计划的报告，其中包括比特币和其他主要加密货币。

Bitcoin reacts to Crypto Reserve development

比特币对加密储备储备开发反应

Initially, Bitcoin surged above $94,000 before stabilizing at just over $92,000 at the time of writing. In addition to these price swings, data from CryptoQuant has highlighted notable activity among cryptocurrency exchanges.

最初，在写作时，比特币飙升至94,000美元以上的$ 94,000。除了这些价格波动外，来自加密量的数据还强调了加密货币交换之间的显着活动。

According to analyst KriptoBaykusV2, large inflows and outflows of Bitcoin on exchanges have had a direct impact on market sentiment and price trends.

根据分析师Kriptobaykusv2的说法，交易所中的大量比特币流出对市场情绪和价格趋势产生了直接影响。

On the 25th of February, approximately 8.4K BTC moved into exchanges, triggering increased selling pressure and a subsequent price drop. However, the following day saw a reversal, with substantial Bitcoin outflows indicating a shift toward long-term holding strategies.

2月25日，大约8.4k BTC搬进了交流，触发了销售压力增加和随后的价格下跌。但是，第二天发生了逆转，大量比特币流出表明转向长期持有策略。

This pattern of activity stabilized Bitcoin’s price and contributed to a gradual recovery by early March.

这种活动模式稳定了比特币的价格，并在3月初逐步恢复了逐步恢复。

Source: CryptoQuant

资料来源：加密

Impact of Exchange flows and on-chain metrics

交换流量和链上指标的影响

Exchange inflow and outflow data suggest investor sentiment often shifts quickly in response to external factors. The analyst noted that inflows correlate with increased selling pressure, leading to short-term price declines.

交换流入和流出数据表明投资者情绪通常会响应外部因素而迅速转移。分析师指出，流入与销售压力增加相关，导致短期价格下降。

Conversely, outflows typically signal a preference for long-term storage. This reduces immediate selling pressure and potentially paves the way for upward price momentum.

相反，流出通常表示对长期存储的偏好。这降低了立即销售压力，并有可能为上价势头铺平道路。

Historical data supports this relationship: rising outflows often coincide with price increases as the circulating supply tightens. KriptoBaykusV2 noted:

历史数据支持这种关系：流出量的上升通常随着循环供应的收紧而汇总的价格上涨。 kriptobaykusv2指出：

“As of March 2, Bitcoin’s price has started to rise again. Historically, when outflows from exchanges increase, prices tend to move upward.

“截至3月2日，比特币的价格又开始上涨。从历史上看，当交流的流出增加时，价格往往会向上上升。

This is because when investors withdraw Bitcoin from exchanges, the circulating supply decreases, and selling pressure diminishes. This paves the way for a potential price increase.”

这是因为当投资者从交易所退出比特币时，循环供应减少并销售压力降低。这为潜在价格上涨铺平了道路。”

Beyond exchange movements, on-chain metrics offer additional context. Data from Glassnode indicates a surge in the number of new Bitcoin addresses in February, reaching a monthly peak of 371,442 on the 26th of February.

除了交换运动之外，链度指标还提供其他背景。来自GlassNode的数据表明，2月26日，2月26日的新比特币地址数量激增，每月达到371,442。

Source: Glassnode

来源：玻璃节

While this metric retreated slightly in early March to around 300,000, the overall increase in new addresses suggests growing retail interest in BTC.

尽管该度量在3月初略有撤退到30万左右，但新地址的总体增加表明，BTC的零售利益越来越大。

This uptick in address activity, combined with the observed exchange flows, provides a more comprehensive picture of what is going on in the market.

地址活动的这种上升，再加上观察到的交换流，为市场上发生的事情提供了更全面的了解。