比特币交易所供应暴跌，推动价格回升

比特币（BTC）是世界领先的加密货币，最近因其极端的波动性而引起了广泛关注。由于交易所供应量大幅减少，BTC 的价格在 60,000 美元至 67,000 美元之间波动。交易所的流失导致比特币价格最近反弹，在跌至 60,000 美元后又回到 67,000 美元。

Bitcoin Exchange Supply Dwindles, Driving Price Recovery

比特币交易所供应减少，推动价格回升

Bitcoin (BTC), the world's oldest and largest cryptocurrency, has garnered significant attention recently amid its extreme volatility. The digital asset has fluctuated between $60,000 and $67,000 after reaching an all-time high of $73,750. Notably, Bitcoin is experiencing a significant outflow from exchanges, with its exchange supply hitting an all-time low.

比特币（BTC）是世界上最古老、最大的加密货币，最近因其极度波动而引起了广泛关注。该数字资产在达到历史新高 73,750 美元后，在 60,000 美元至 67,000 美元之间波动。值得注意的是，比特币正在经历交易所的大幅流出，其交易所供应量创下历史新低。

Bitcoin Exchange Supply Reaches Record Lows

比特币交易所供应量创历史新低

According to data from Coinglass, Bitcoin's exchange supply plummeted to a low of $1.79 billion on Friday, March 23. Coinbase Pro emerged as the primary contributor to this drain, with over 14,800 BTC withdrawn from the exchange that day.

根据 Coinglass 的数据，比特币的交易所供应量在 3 月 23 日星期五暴跌至 17.9 亿美元的低点。Coinbase Pro 成为这一消耗的主要贡献者，当天有超过 14,800 BTC 从交易所撤出。

Over the past 30 days, Coinbase Pro has witnessed a substantial outflow of approximately 58,000 BTC. This supply shock has played a key role in the recent rebound of Bitcoin's price, driving it above the $67,000 level from a low of $60,000.

过去 30 天，Coinbase Pro 见证了约 58,000 BTC 的大幅流出。这种供应冲击在近期比特币价格反弹中发挥了关键作用，将其从 60,000 美元的低点推升至 67,000 美元以上。

However, the exchange supply has since seen a partial recovery, with over 1,500 BTC flowing into Coinbase Pro on Monday, March 25. Nonetheless, outflows continued from Binance, Kraken, and Bybit. Binance recorded a withdrawal of nearly 4,000 Bitcoin in the past 30 days, while Bitfinex accounted for a drain of over 30,400 BTC during the same period.

然而，此后交易所供应量有所恢复，3 月 25 日星期一，超过 1,500 BTC 流入 Coinbase Pro。尽管如此，币安、Kraken 和 Bybit 的资金仍在继续流出。 Binance 在过去 30 天内提取了近 4,000 个比特币，而 Bitfinex 同期则提取了超过 30,400 个比特币。

BTC Price Recovery

比特币价格回升

Amid the exchange supply drain, Bitcoin's price rebounded sharply, trading at $67,139.08 on Monday, March 25, representing a 4.68% gain at press time. The cryptocurrency boasted a market capitalization of $1.32 billion, and its 24-hour trading volume surged by 32.14% to $29.95 billion.

在交易所供应减少的情况下，比特币价格大幅反弹，3 月 25 日星期一交易价格为 67,139.08 美元，截至发稿时涨幅为 4.68%。该加密货币市值达13.2亿美元，24小时交易量飙升32.14%至299.5亿美元。

During the price rebound, over $61.84 million worth of Bitcoin holdings were liquidated. Shorts dominated the liquidations, accounting for $46.27 million in the past 24 hours. The buyback of these short positions is expected to fuel a further price surge in the near term.

在价格反弹期间，价值超过 6184 万美元的比特币被清算。空头在清算中占据主导地位，在过去 24 小时内占 4627 万美元。这些空头头寸的回购预计将在短期内推动价格进一步飙升。

However, analysts caution that a massive plunge in BTC's value could follow the short squeeze. Michaël van de Poppe, a prominent analyst, anticipates a 10-40% correction in the BTC price before the upcoming Halving event. Nonetheless, he believes that a new peak awaits Bitcoin after the Halving, scheduled for April this year.

然而，分析师警告称，紧随卖空之后，比特币的价值可能会大幅下跌。著名分析师 Michaël van de Poppe 预计，在即将到来的减半事件之前，BTC 价格将出现 10-40% 的回调。尽管如此，他认为今年 4 月减半后比特币将迎来新的峰值。