比特币散户投资者数量近期大幅下降

链上数据表明，比特币散户投资者正在对该资产失去兴趣，因为上个月比特币交易量急剧下降。

Recent on-chain data indicates a sharp decline in Bitcoin retail investor activity, with a significant drop in small transaction volume.

近期链上数据显示，比特币散户投资者活动急剧下降，小额交易量大幅下降。

A new post on X by CryptoQuant community analyst Maartunn highlights a recent flip in the Retail Investor Demand, which measures the demand for network usage by retail investors.

CryptoQuant 社区分析师 Maartunn 在 X 上发表的一篇新文章强调了散户投资者需求最近的转变，该需求衡量散户投资者对网络使用的需求。

In the realm of cryptocurrency, retail investors are defined as the smallest entities on the network, typically making transactions below $10,000. Hence, the transaction volume in this range is attributed to these investors.

在加密货币领域，散户投资者被定义为网络上最小的实体，通常进行低于 10,000 美元的交易。因此，这个范围内的交易量归功于这些投资者。

The Retail Investor Demand indicator uses the 30-day change in this volume to gauge retail demand. Here's a chart shared by the analyst, showcasing the metric's trend over several years:

散户投资者需求指标使用该交易量的 30 天变化来衡量散户需求。以下是分析师分享的图表，展示了该指标几年来的趋势：

According to the chart, during the bull rally in late 2024, the Bitcoin Retail Investor Demand surged to high positive levels, indicating the rally's ability to capture the attention of the masses, leading to a large number of small transactions on the network.

根据图表，在 2024 年末的牛市反弹期间，比特币散户投资者需求飙升至较高的正水平，表明反弹能够吸引大众的注意力，导致网络上出现大量小额交易。

This pattern is not surprising, as sharp price action tends to excite investors, making them more active than usual. However, the scale of the spike was remarkable this time, with the metric reaching a peak value of 31.7%.

这种模式并不奇怪，因为剧烈的价格走势往往会刺激投资者，使他们比平时更加​​活跃。然而，这次峰值的规模非常显着，指标达到了 31.7% 的峰值。

Following this high, as the cryptocurrency's downtrend began, the retail investor volume slowed its ascent, and the 30-day change quickly dipped into negative territory.

在这个高点之后，随着加密货币的下跌趋势开始，散户投资者的交易量增长放缓，30天变化迅速跌入负值区域。

This decline in shrimp volume has accelerated in 202s25, with the Retail Investor Demand now at a low of -21.7%. This value signifies a 21.7% decrease in the group's transaction activity over the last 30 days.

虾产量的下降在 202 至 25 年间加速，零售投资者需求目前处于 -21.7% 的低位。该值表示过去 30 天内该集团的交易活动减少了 21.7%。

The drop is the largest the metric has seen since mid-2021. While a decrease in retail investor interest may raise concerns, it's worth noting that a similar negative spike in 2021 coincided with a bottom in the BTC price.

这一跌幅是该指标自 2021 年中期以来的最大跌幅。虽然散户投资者兴趣的下降可能会引起担忧，但值得注意的是，2021 年类似的负峰值与 BTC 价格触底同时发生。

In other news, Ethereum, the second-largest cryptocurrency by market capitalization, has seen a high volume of exchange outflows over the past week, according to data from market intelligence platform IntoTheBlock.

其他消息方面，根据市场情报平台 IntoTheBlock 的数据，按市值计算的第二大加密货币以太坊在过去一周出现了大量交易外流。

In total, centralized exchanges have seen a net outflow of $1.42 billion in Ethereum over the past week, indicating a phase of accumulation by investors.

过去一周，中心化交易所以太坊净流出14.2亿美元，表明投资者进入了吸筹阶段。

BTC Price今朝は一時期9万1000ドル台まで下落しましたが、その後は持ち直して現在は9万3800ドル付近で取引されています。

BTC 价格今早曾一度跌至 91,000 美元水平，但随后有所回升，目前交易价格约为 93,800 美元。