随着交易所存款跌至历史新低，比特币持有者采取长期策略

在达到 108,300 美元的历史高点后，比特币的动力似乎已经耗尽，看跌情绪主导了市场。

Bitcoin and the broader cryptocurrency market are facing a significant downturn, with the possibility of a deeper correction. After reaching an all-time high of $108,300, Bitcoin’s momentum seems to be fading, and bearish sentiment has dominated the market. The pullback has left investors wondering if BTC can continue its bullish trend.

比特币和更广泛的加密货币市场正面临严重下滑，并有可能出现更深层次的调整。在达到 108,300 美元的历史高点后，比特币的势头似乎正在消退，看跌情绪主导了市场。这次回调让投资者怀疑比特币是否能继续其看涨趋势。

However, a closer examination of key metrics reveals a surprising trend. According to renowned analyst Axel Adler on X, the number of BTC deposits on exchanges has plummeted to a record low of 30,000 per day. This level of exchange activity has not been seen since 2016.

然而，对关键指标的仔细检查揭示了一个令人惊讶的趋势。据 X 知名分析师阿克塞尔·阿德勒 (Axel Adler) 称，交易所的 BTC 存款数量已暴跌至每天 30,000 笔的历史新低。这种交易活动水平自 2016 年以来从未出现过。

This sharp decline is noteworthy as it suggests a shift in investor behavior. Rather than engaging in short-term trading, many BTC holders are adopting a long-term “HODL” (hold on for dear life) strategy. This approach reflects their belief in Bitcoin’s enduring value and potential as a hedge against economic uncertainties.

这种急剧下降值得注意，因为它表明投资者行为的转变。许多比特币持有者不再进行短期交易，而是采取长期“HODL”（紧紧抓住）策略。这种方法反映了他们对比特币作为对冲经济不确定性的持久价值和潜力的信念。

By keeping their coins off exchanges, these investors are also contributing to a reduction in selling pressure. This could help stabilize the market during this correction phase. While BTC’s immediate price action seems bearish, the reduced exchange activity offers a silver lining, indicating confidence among long-term holders. As the market navigates these volatile times, this shift could play a pivotal role in shaping Bitcoin’s next move.

通过将代币远离交易所，这些投资者也有助于减轻抛售压力。这可能有助于在调整阶段稳定市场。虽然比特币的近期价格走势似乎看跌，但交易活动的减少带来了一线希望，表明长期持有者的信心。随着市场经历这个动荡的时期，这种转变可能在塑造比特币的下一步走势方面发挥关键作用。

Bitcoin has struggled to stay above the $100,000 level after losing this critical psychological mark. The decline has prompted many analysts and investors to predict a deeper correction, potentially driving prices even lower. Despite these concerns, data indicates a strong long-term commitment from BTC investors, suggesting a more optimistic outlook for the asset's future.

在失去这一关键心理关口后，比特币一直难以保持在 10 万美元以上。这种下跌促使许多分析师和投资者预测将出现更大幅度的调整，可能会导致价格进一步走低。尽管存在这些担忧，但数据表明比特币投资者做出了强有力的长期承诺，这表明该资产的未来前景更加乐观。

This is a stark contrast to the 10-year average of 90,000 daily deposits. Moreover, the cycle’s peak of 125,000 deposits occurred when Bitcoin was trading near $66,000, signaling intense selling pressure at that time.

这与10年平均日存款9万笔形成鲜明对比。此外，该周期的 125,000 笔存款峰值出现在比特币交易价格接近 66,000 美元时，表明当时存在巨大的抛售压力。

The current decline in exchange deposits suggests that BTC holders are opting to “HODL” their coins rather than sell them during market fluctuations. This behavior reduces selling pressure, even in the face of potential price drops. It appears that more investors are adopting a long-term perspective, believing in Bitcoin’s value as a store of wealth and hedge against macroeconomic uncertainties.

目前交易所存款的下降表明，比特币持有者选择“持有”他们的代币，而不是在市场波动期间出售它们。即使面对潜在的价格下跌，这种行为也可以减轻抛售压力。似乎越来越多的投资者开始采取长期观点，相信比特币作为财富储存手段和对冲宏观经济不确定性的价值。

Bitcoin is trading at $94,400 after repeated attempts to reclaim the $100,000 level fell short, while support at $92,000 continues to hold firm. This price range places BTC at a critical juncture, with its next move likely to determine the direction of the market in the near term.

在多次尝试收复 100,000 美元水平后，比特币目前交易价格为 94,400 美元，而 92,000 美元的支撑位继续保持坚挺。这一价格区间使比特币处于关键时刻，其下一步走势可能会决定近期市场的走向。

If Bitcoin loses the $92,000 mark, it risks entering a deeper correction phase, potentially triggering a wave of selling pressure that could drive the price significantly lower. This scenario has many investors and analysts watching closely, as a breakdown below this level could challenge bullish sentiment in the current cycle.

如果比特币跌破 92,000 美元大关，它可能会进入更深层次的调整阶段，可能引发一波抛售压力，从而导致价格大幅下跌。这种情况引起许多投资者和分析师的密切关注，因为跌破该水平可能会挑战当前周期的看涨情绪。

On the other hand, Bitcoin still has the potential to reclaim its upward momentum. A decisive push above the $100,000 mark in the coming days would signal a strong resurgence of bullish control, likely propelling the price to new all-time highs. Such a move would reaffirm Bitcoin’s status as the leading asset in the crypto market and could encourage fresh inflows from investors seeking to capitalize on its upward trajectory.

另一方面，比特币仍有潜力重拾上涨动力。如果未来几天价格突破 100,000 美元大关，将标志着看涨控制的强劲复苏，可能会推动价格创下历史新高。此举将重申比特币作为加密货币市场领先资产的地位，并可能鼓励寻求利用其上升轨迹的投资者新的资金流入。