比特币（BTC）交易者对待二手股与其他主要交易所不同：分析

比特币交易者似乎对二进制的处理方式与目前其他主要的加密交易所不同。这种模式标志着市场行为的潜在转变和

Short-Term Holders (STHs) are dumping less Bitcoin (BTC) into Binance than other major crypto exchanges, especially in recent times. This pattern, which could be pivotal for Bitcoin’s price in the near term, is now being closely monitored by on-chain analytics firm CryptoQuant.

与其他主要加密交易所相比，短期持有人（STH）将比特币（BTC）倾倒较少，尤其是最近。这种模式在短期内可能是比特币价格关键的，现在正在受到链上分析公司加密量的密切监控。

The crypto analytics platform found that STHs, generally defined as wallets holding coins for less than 155 days, have been transferring significantly less BTC to Binance compared to other trading platforms.

Crypto Analytics平台发现，与其他交易平台相比，STH通常定义为持有硬币的钱包持有不到155天的钱包，其BTC的转移到了二钱。

Over a tracked period, STHs deposited a mere 6,300 BTC onto Binance. This stands in stark contrast to the average 24,700 BTC they sent to other exchanges within the same timeframe.

在追踪期间，STH仅将6,300 BTC沉积到binance上。这与他们在同一时间范围内发送到其他交易所的平均24,700 BTC形成了鲜明对比。

Conversely, the comparatively higher BTC inflow to “other exchanges” suggests a potential shift in where active traders are seeking liquidity or executing trades.

相反，BTC向“其他交易所”的流入相对较高表明，积极交易者正在寻求流动性或执行交易的潜在转变。

While Binance is usually recognized for having the highest reported trading volume globally, its lower STH inflows could suggest it’s viewed more as a stable holding location, like a “Bitcoin bank,” rather than the primary hub for short-term trading decisions.

虽然Binance通常因全球报告的交易量最高而被认可，但其较低的STH流入可能表明它更多地视为稳定的持有地点，例如“比特币银行”，而不是短期交易决策的主要枢纽。

These diverging trends in BTC flow highlight evolving market dynamics that could influence Bitcoin’s price action in the near term as investors adjust their trading or holding strategies between exchanges.

BTC流动中的这些不同趋势突出了不断发展的市场动态，这些动态可能会在近期内影响比特币的价格行动，因为投资者调整了交易或交流之间的策略。

Binance’s Large BTC Balance

Binance的大BTC平衡

Binance continues to hold a massive amount of Bitcoin on behalf of its users, a factor that contributes significantly to its large market share.

Binance继续代表其用户持有大量比特币，这一因素极大地促进了其庞大的市场份额。

According to data from Coinglass tracking exchange balances, Binance’s reported BTC balance (around 569,561 BTC) is currently the second-largest among major centralized platforms, after Coinbase Pro.

根据Coinglass Tracking Exchange余额的数据，Binance报告的BTC余额（约569,561 BTC）目前是仅次于Coinbase Pro的主要集中式平台中的第二大平台。

This large balance suggests that many users continue to trust Binance as a primary platform for minding their own Bitcoin.

这种巨大的平衡表明，许多用户继续相信binance是关注自己的比特币的主要平台。

A closer look at the timeframes reveals further details. In the 24-hour view, Binance’s net BTC balance (around +1,698 BTC) appears relatively stable. However, Bitfinex shows a much larger net inflow (+11,755 BTC).

仔细观察时间表可以揭示更多细节。在24小时的视图中，Binance的净BTC余额（+1,698 BTC）似乎相对稳定。但是，Bitfinex显示出更大的净流入（+11,755 BTC）。

This could indicate more significant active trading or a large deposit occurred on Bitfinex during that window.

这可能表明在该窗口期间，Bitfinex上发生了更重要的积极交易或大量存款。

7-Day Vs. 30-Day Trends

7天VS。 30天趋势

In the seven-day time frame, Binance shows a slight net inflow of +968 BTC. This means that more Bitcoin was deposited into Binance than withdrawn over the past week.

在七天的时间范围内，二钱略有净流入+968 BTC。这意味着，比比特币存入了比过去一周撤回的更多。

However, major counterparts Coinbase Pro (-7,792 BTC) and Bitfinex (-7,524 BTC) display substantial net outflows. This implies traders moved significant amounts of BTC from those platforms in recent times, possibly to self-custody or transfer to another exchange or venue.

但是，主要的对手Coinbase Pro（-7,792 BTC）和Bitfinex（-7,524 BTC）显示出大量的净出口。这意味着交易者最近从这些平台转移了大量的BTC，可能是自我顾客或转移到另一个交易所或场地。

Over a longer 30-day period, Binance has experienced net outflows (around -13,796 BTC), indicating some Bitcoin did move out of the exchange over the month despite the weekly stability.

在更长的30天期间，Binance经历了净流出（约合为-13,796 BTC），表明尽管每周稳定，但有些比特币确实在一个月内移出了交易所。

The general trend shows most major exchange platforms have seen their BTC balances decline over the past 30 days. This could suggest more Bitcoin is flowing into private, user-controlled wallets—a self-custody trend.

一般趋势表明，在过去30天内，大多数主要的交换平台已经看到其BTC余额下降。这可能表明更多的比特币正在流入私人，用户控制的钱包 - 一种自我顾客趋势。