比特币（BTC）价格因市场动态变化而面临短期波动

市场情报公司 CryptoQuant 的分析师指出，比特币 (BTC) 指标的当前模式表明市场动态可能发生变化。

Recent movements in Bitcoin (BTC) metrics have sparked speculation regarding potential shifts in the market dynamics, according to analysts from market intelligence firm CryptoQuant.

市场情报公司 CryptoQuant 的分析师表示，近期比特币（BTC）指标的变动引发了人们对市场动态潜在变化的猜测。

After a period of gradual decline, spot exchange reserves have notably increased, indicating an inflow of 20,000 BTC. This uptick suggests that more Bitcoin is being deposited into exchanges, often signaling an intention to trade or sell.

经过一段时间的逐步下降后，现货外汇储备明显增加，流入了 20,000 BTC。这种上升表明有更多的比特币被存入交易所，这通常表明有交易或出售的意图。

This type of behavior may add further selling pressure to the BTC price, which has declined almost 7% over the last two weeks, hinting at an early sign of short-term volatility.

这种行为可能会进一步增加 BTC 价格的抛售压力，该价格在过去两周内下跌了近 7%，暗示了短期波动的早期迹象。

Simultaneously, netflows across all exchanges have turned positive, indicating a net increase of 15,800 BTC. This shift from the predominantly negative trend in recent weeks now shows that inflows to exchanges are exceeding outflows.

与此同时，各交易所净流量均转正，净增15,800 BTC。最近几周主要负面趋势的转变表明，交易所的资金流入超过了流出。

When combined with rising reserves, this change suggests a higher likelihood of increased trading activity or profit-taking by investors, as analyzed by CryptoQuant.

根据 CryptoQuant 的分析，与不断增加的储备相结合，这一变化表明交易活动或投资者获利了结的可能性更高。

While the broader trend in the market has favored accumulation and self-custody, these recent changes may indicate a growing caution among investors, who might be preparing for profit-taking or anticipating a potential price correction.

虽然市场的整体趋势有利于积累和自我托管，但最近的这些变化可能表明投资者越来越谨慎，他们可能正在准备获利了结或预期潜在的价格调整。

Moreover, a report by Bloomberg highlights a key metric indicating investor interest in Bitcoin from South Korea, which has risen to a four-month high amid ongoing political turmoil in the East Asian country.

此外，彭博社的一份报告强调了一个关键指标，表明韩国投资者对比特币的兴趣，在这个东亚国家持续的政治动荡中，比特币的兴趣已升至四个月高位。

Trading Volumes Surge As Political Crisis Unfolds

随着政治危机的展开，交易量激增

This metric, known as the “Kimchi Premium,” gauges the price gap between Bitcoin on South Korean exchange Upbit and Coinbase. Recently, this premium surged to the range of 3-5%, indicating a heightened demand from South Korean investors.

这个指标被称为“泡菜溢价”，衡量韩国交易所 Upbit 和 Coinbase 上比特币之间的价格差距。最近，这一溢价飙升至3-5%，表明韩国投资者的需求增加。

According to the report, the political landscape in South Korea has been tumultuous, especially after President Yoon Suk Yeol's brief and controversial declaration of martial law earlier this month, which lasted only six hours before being rescinded.

报道称，韩国的政治格局一直动荡不安，特别是在本月早些时候总统尹锡烈宣布戒严令短暂且颇具争议之后，该戒严令只持续了六个小时就被撤销。

The National Assembly then impeached Yoon on December 14, suspending his powers and elevating Prime Minister Han Duck-soo to the role of acting president. In a further development, the parliament voted to impeach Han as well, marking a historic first for an acting president in South Korea.

国会随后于 12 月 14 日弹劾尹某，暂停他的权力，并将总理韩德洙提升为代总统。进一步发展的是，议会还投票弹劾韩总统，这标志着韩国代理总统的历史性首次。

These political upheavals have impacted financial markets, coinciding with increasing economic challenges and nuclear threats from North Korea. The South Korean won has also seen a decline of 0.35% against the US dollar.

这些政治动荡影响了金融市场，同时也伴随着日益严峻的经济挑战和朝鲜的核威胁。韩元兑美元汇率也下跌了0.35%。

According to Bloomberg, South Korea is known for being one of the most active retail markets for cryptocurrencies, with trading volumes on Korea-based exchanges often exceeding those on traditional stock exchanges.

据彭博社报道，韩国被誉为最活跃的加密货币零售市场之一，韩国交易所的交易量往往超过传统证券交易所。

Ki Young Ju, founder and CEO of CryptoQuant, highlighted that corporate accounts are not permitted on Korean crypto exchanges, indicating that the vast majority of crypto activity in the country is driven by retail investors.

CryptoQuant 创始人兼首席执行官 Ki Young Ju 强调，韩国加密货币交易所不允许企业账户，这表明该国绝大多数加密货币活动都是由散户投资者推动的。

The Kimchi Premium has become a widely used metric for gauging retail interest in cryptocurrency, and factors like strict currency controls and anti-money laundering (AML) regulations have contributed to this phenomenon.

泡菜溢价已成为衡量加密货币零售兴趣的广泛使用的指标，严格的货币管制和反洗钱 (AML) 法规等因素促成了这一现象。

At the time of writing, BTC is priced at $93,938, having decreased by 2.5% over the last 24 hours, with its closest support level at $92,000 to halt any further decline for the top cryptocurrency in the market.

截至撰写本文时，BTC 价格为 93,938 美元，在过去 24 小时内下跌了 2.5%，其最近支撑位为 92,000 美元，以阻止市场顶级加密货币的进一步下跌。