交易所的ETH余额跌至 5 年低点，显示出乐观情绪

Tap Chi BitcoinPublished on 2023-05-24Last updated on 2023-05-24

Abstract

综上所述，交易所持有的ETH数量处于历史低位表明人们对以太坊未来前景的信心不断增强。向去中心化解决方案的转变、PoS 的转变以及 DeFi 的日益普及都有助于人们对ETH的价值及其作为领先区块链平台的地位持乐观态度。

Glassnode 数据揭示了以太坊市场的一个重要趋势。具体而言，交易所持有的ETH数量降至 2018 年 4 月以来的最低水平。交易所余额的下降表明越来越多的人相信以太坊的潜力，并反映了向 PoS 的持续过渡和去中心化金融的普及。

随着时间的推移交易所的ETH余额 |资料来源：Glassnode

提款一直超过存款，导致超过 15.9 亿的ETH从交易所转移。这一变化表明投资者希望从上行潜力中获益并积极参与以太坊生态系统，他们的前景更为长远。

交易所（蓝色）、存款（绿色）和取款（红色）的ETH余额|资料来源：Glassnode

向 PoS 的过渡提供了可扩展性、安全性和可持续性的优势，这有助于减少交易所的ETH余额。当网络升级到以太坊 2.0 时，许多投资者选择将ETH存放在个人钱包中并参与 Staking。

ETH在交易所的下跌也反映了 DeFi 平台的日益普及，这些平台为用户提供基于以太坊区块链智能合约的各种金融服务。这种向去中心化解决方案的转变代表了以太坊生态系统的成熟特性。

BTC交易余额随时间变化 |资料来源：Glassnode

虽然交易所ETH余额下降表明市场情绪乐观，但有必要承认加密市场固有的波动性。投资者在作出任何投资决定前应进行深入研究并寻求专业意见。

综上所述，综上所述，交易所持有的ETH数量处于历史低位表明人们对以太坊未来前景的信心不断增强。向去中心化解决方案的转变、PoS 的转变以及 DeFi 的日益普及都有助于人们对ETH的价值及其作为领先区块链平台的地位持乐观态度。

Related Reads

The Crypto Scene Is Dead, Perpetual Swaps Are Eternal

The crypto industry is undergoing a fundamental shift. The era defined by minting novel, native digital assets (altcoins) is fading. These assets, lacking real-world cash flows or clear value, are losing relevance as attention and capital flow elsewhere. Two powerful external forces are reshaping the space. First, traditional assets like U.S. stocks, bonds, gold, and oil are being tokenized and traded on-chain. Second, the explosive growth of AI, with its tangible products, has overshadowed crypto's once-dominant "future narrative." This marks a critical pivot: crypto is transitioning from being a "factory for new assets" to becoming a "global conduit for existing assets." Its validated utility is not complex financial reinvention but efficient global settlement, transfer, and trading—the original promise of blockchain. Stablecoins like USDT and USDC exemplify this, offering faster dollar movement rather than replacing it. Consequently, native ecosystems like Ethereum face profound challenges. While still crucial infrastructure, ETH struggles to capture value as users interact with Layer 2s or trade traditional assets without needing to hold it. DeFi's grand narrative of rebuilding finance has narrowed to core needs like cheap transfers and deep liquidity. The true breakout innovation is the perpetual contract (Perp). It brilliantly bypasses the complexities of direct asset ownership (custody, compliance, dividends) by creating pure price exposure. Users can speculate on the price movement of *any* asset—NVIDIA, gold, oil—24/7, globally, and with leverage. This "price casino" model, while risky and ethically fraught, delivers unmatched liquidity and accessibility. Projects like Hyperliquid succeeded not by inventing new mechanics but by perfecting the timing and execution of this model. Key drivers included making on-chain Perps feel like centralized exchanges, post-FTX trust migration towards transparency, and rising demand to trade macro assets and equities round-the-clock. In conclusion, the crypto world's most enduring successes are the dollar (via stablecoins), Bitcoin, and trading. Its new frontier is not creating alternative assets but providing a seamless, perpetual trading layer—a new API—for the world's existing financial system. The age of native altcoins is over; the age of perpetual synthetic exposure has begun.

Odaily星球日报4m ago

The Crypto Scene Is Dead, Perpetual Swaps Are Eternal

Odaily星球日报4m ago

$52M Ethereum Bet Comes As Tom Lee Says ETH Isn’t Reflecting Its Potential

Bitmine, holding over 5.4 million ETH worth more than $10.5 billion, is nearing its goal to control 5% of Ethereum's circulating supply. Despite the company's recent purchase of 26,497 ETH (valued at roughly $52 million), Ethereum's price has struggled, trading around $2,000 and even declining recently. Bitmine's head, Tom Lee, argues that ETH prices are not reflecting the strengthening fundamentals of the Ethereum network, attributing the lag to being in the early stages of a "crypto spring." He cites long-term trends like AI commerce and tokenization as reasons for Ethereum's enduring importance. Bitmine's strategy treats Ether as a long-term reserve asset, not a short-term trade, explaining why the massive accumulation hasn't yet triggered a corresponding price rally.

bitcoinist24m ago

$52M Ethereum Bet Comes As Tom Lee Says ETH Isn’t Reflecting Its Potential

bitcoinist24m ago

After Marvell's 32% Surge, the Chinese Chip Family Behind It Emerges

The stock price of Marvell Technology surged 32.5% on June 2nd, driven by NVIDIA CEO Jensen Huang highlighting its custom ASICs and optical interconnects as core to AI data center architecture. This event brought attention to the Chinese semiconductor family behind Marvell: the Dai siblings. The story centers on three siblings, all UC Berkeley graduates, whose three-decade entrepreneurial journey aligns with major semiconductor industry shifts. In 1995, youngest sister Dai Wei Li co-founded Marvell with her husband Sehat Sutardja and his brother, focusing on storage controllers. Eldest brother Dai Wei Min founded EDA company Ultima, later sold to Cadence, and later founded VeriSilicon (芯原) in China, becoming a leading semiconductor IP provider. Second brother Dai Wei Jin co-founded EDA firm Silicon Perspective (sold to Cadence) and GPU IP company Vivante, later acquired by VeriSilicon. The combined "Dai-Sutardja" family network extends beyond Marvell. Their ventures and investments form a comprehensive ecosystem for the post-Moore's Law, chiplet era. Key holdings include: Dream Big Semiconductor (AI SuperNICs, acquired by Arm), Alphawave (high-speed SerDes IP, acquired by Qualcomm), and Silicon Box (a chiplet advanced packaging foundry). VeriSilicon itself thrives on the AI ASIC and IP boom in China. Collectively, the family's AI infrastructure-related portfolio is estimated at over $22 billion. Their strategy represents a distinct path: building critical components for open standards and key manufacturing capacity in the chiplet era, rather than pursuing standalone AI chip dominance. While this path may not create the next NVIDIA, it has enabled repeated successful exits and sustained influence within the global semiconductor industry.

marsbit1h ago

After Marvell's 32% Surge, the Chinese Chip Family Behind It Emerges

marsbit1h ago

Microsoft is Afraid of Being Marginalized by AI Giants

Microsoft, once the defining force of the PC era, now faces a familiar challenge in the AI age: the risk of being relegated to a profitable but invisible infrastructure provider. This anxiety was laid bare at Build 2026, where CEO Satya Nadella unveiled a major strategic pivot. The catalyst was a quiet April agreement that dissolved Microsoft's exclusive licensing and cloud-hosting deal with OpenAI, its once-vital partner. This erased Microsoft's key AI moat. With OpenAI and Anthropic defining AI applications and gaining enterprise traction—even within Microsoft's own ranks—Nadella had to answer: without exclusivity, what is Microsoft's role? The answer was a suite of seven in-house AI models, a developer-focused AI workstation (Surface RTX Spark Dev Box), and, most crucially, the Agent 365 platform for enterprise AI governance. The models, notably targeting Anthropic's strengths in coding and enterprise, signal a defensive move. However, the broader strategy is to make the models themselves less decisive. Financially, Microsoft's AI revenue is strong, driven largely by Azure running others' models. Yet its user-facing products like Copilot show weak penetration and engagement. Microsoft earns infrastructure money but lacks direct user mindshare. Nadella's core fear is being "hollowed out." As OpenAI and Anthropic prepare for IPOs and gain financial independence, they may build their own infrastructure, threatening Azure's lucrative AI revenue stream. Microsoft's window is to entrench itself deeper: not as the model creator, but as the indispensable platform for securely deploying, managing, and governing all AI models within the enterprise through Agent 365. Build 2026 revealed Microsoft's bet: in the AI era, the ultimate power lies not in any single model, but in the enterprise "operating system" that controls them. Nadella is determined to ensure Microsoft is the driver of this new era, not just a passenger.

marsbit1h ago

Microsoft is Afraid of Being Marginalized by AI Giants

marsbit1h ago

US Stocks Surge 16% in Two Months: Only 4 Occurrences in History, the Most Recent Was Just Before the 1987 Crash

U.S. stocks have surged 16% over April and May, a gain seen only four times since WWII, according to Deutsche Bank strategist Henry Allen. Three prior instances followed recessions, but the sole non-recession precedent was in early 1987, months before the "Black Monday" crash. The current rally is underpinned by AI enthusiasm and strong data, but its speed without an economic recovery is historically unprecedented. Meanwhile, credit spreads remain near record lows despite growing consumer strain—the U.S. savings rate hit just 2.6% in April, a level last seen before the Global Financial Crisis, and consumer sentiment is at its lowest since 1952. Market risks are concentrated. While stocks and credit markets appear immune to geopolitical tensions, sovereign bonds tell a different story. Treasury yields have tracked oil prices and recently hit multi-year highs, creating a widening divergence with equities. Surprisingly stable oil prices, despite the prolonged closure of the Strait of Hormuz, have been a key pillar for risk assets. However, if the blockage persists, this support could fade, raising the risk of a stagflation shock not currently priced in.

marsbit1h ago

US Stocks Surge 16% in Two Months: Only 4 Occurrences in History, the Most Recent Was Just Before the 1987 Crash

marsbit1h ago

Trading

Spot
Futures
活动图片