100万比特币提款标志着转向长期持有，流动性持续萎缩预计价格将出现波动

比特币价值的不断增长和流动性的减少可能会导致更大的波动性。

Bitcoin withdrawals from exchanges have reached 1 million over three years, indicating a shift toward long-term holding among investors. As Bitcoin’s value increases and liquidity decreases, the market may experience enhanced volatility.

三年来，从交易所提取的比特币已达到 100 万，这表明投资者转向长期持有。随着比特币价值的增加和流动性的减少，市场可能会经历更大的波动。

Over the last three years, about 1 million Bitcoin (BTC) have been withdrawn from exchanges. According to CryptoQuant, this trend signals a significant change in how investors behave. More people are holding their Bitcoin rather than trading it. This mirrors Bitcoin’s increasing status as a store of value and an insurance policy in market volatility.

过去三年中，约 100 万比特币 (BTC) 已从交易所撤出。根据 CryptoQuant 的说法，这一趋势标志着投资者行为方式的重大变化。更多的人持有比特币而不是交易它。这反映出比特币作为价值储存手段和市场波动保险的地位日益提高。

As investors geared up for what would be a market bounce back in November 2022, large BTC withdrawals took place. These moves showed that investors were looking for long term growth. Fast forward to November 2024 and the trend is happening again. Now Bitcoin is trading at historic highs, but the market is this big.

随着投资者为 2022 年 11 月的市场反弹做好准备，大量 BTC 被撤资。这些举措表明投资者正在寻求长期增长。快进到 2024 年 11 月，这种趋势再次发生。现在比特币的交易价格处于历史高位，但市场就这么大。

Additionally, major institutions like MicroStrategy and Metaplanet are also accumulating Bitcoin. These companies see the potential in Bitcoin and are buying more of it. During a market downturn, people are accumulating, but this is different from the previous period. This shows a difference illustrating how Bitcoin has grown, market behavior has changed since which leads to one of the major changes in trading.

此外，MicroStrategy 和 Metaplanet 等主要机构也在积累比特币。这些公司看到了比特币的潜力，并正在购买更多比特币。市场低迷时期，人们在积累，但这与之前不同。这显示了一种差异，说明了比特币如何增长，市场行为发生了变化，从而导致了交易的重大变化之一。

Bitcoin Price Volatility Expected as Liquidity Continues to Shrink

随着流动性持续萎缩，比特币价格预计将出现波动

Bitcoin’s liquidity has been reduced by withdrawals from exchanges. Less pressure to sell comes when liquidity is lower. It may be able to prop up Bitcoin’s price in the short term. The fewer Bitcoin that is available on exchanges also means less selling and more price stability.

比特币的流动性因交易所提款而减少。当流动性较低时，出售压力就会较小。它或许能够在短期内支撑比特币的价格。交易所上可用的比特币越少也意味着销售量减少和价格稳定性更高。

So, the Bitcoin market could become more volatile as we have less Bitcoin available. He explained that since it has fewer Bitcoins for trading, large transactions may cause larger price changes. This implies that Bitcoin’s price may become less predictable in the future. That means investors should be prepared for more volatility.

因此，随着可用比特币的减少，比特币市场可能会变得更加波动。他解释说，由于可供交易的比特币较少，大额交易可能会导致较大的价格变化。这意味着比特币的价格未来可能变得更难以预测。这意味着投资者应该为更大的波动做好准备。

Bitcoin is currently changing hands at $106,000. On the day Trump was sworn in as president, it also reached its all-time high at $109,588. President Trump has embraced the crypto market, having called himself the ‘crypto president’. This is another sign of how much Bitcoin has grown in importance.

比特币目前的易手价格为 106,000 美元。特朗普宣誓就任总统当天，也创下历史新高，达到 109,588 美元。特朗普总统拥抱了加密货币市场，称自己为“加密货币总统”。这是比特币重要性增长的另一个迹象。

The evolution of Bitcoin’s market dynamics demonstrates that Bitcoin is no longer just an asset bought only for speculation. However, it is turning out to be a mainstream store of value. The more investors and institutions hold Bitcoin, its growing influence on global financial markets is likely to continue.

比特币市场动态的演变表明，比特币不再只是一种仅为投机而购买的资产。然而，它正在成为一种主流的价值储存手段。持有比特币的投资者和机构越多，其对全球金融市场的影响力可能会持续增长。