Binance Research:四大链上信号同指供应收紧,BTC 卖压趋于耗尽

深潮 TechFlow 消息,5 月 18 日,据 Binance Research(@BinanceResearch)分析,当前四项链上指标共同指向比特币供应持续收紧、卖压趋于枯竭:①近 60%的 BTC 供应超过一年未移动,供应休眠率维持历史高位;②SLRV 比率深处历史底部区间,长期持有者主导供应,短期投机者已大量离场;③交易所 BTC 余额从 COVID 期间峰值 17.6%降至当前 15.0%,约 50 万枚 BTC 永久流出交易所,可用卖方供应降至六年最低;④BTC 短期持有者 MVRV 自2024年 11 月以来长期低于 1.0,卖压持续消耗,近期已重新站上 1.0,短期持有者开始重建未实现盈利。Binance Research 认为,上述信号组合与历史周期底部特征高度吻合。
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