<p><img src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1561631918-0e0d6af260af/query-YXV0bz1mb3JtYXQmZml0PWNyb3AmaXhsaWI9cmItMS4yLjEmcT04MCZ3PTEwMDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1561631918-0e0d6af260af/query-YXV0bz1mb3JtYXQmZml0PWNyb3AmaXhsaWI9cmItMS4yLjEmcT04MCZ3PTEwMDA"/></p>
<p><em>图片来源：Unsplash</em></p>
<p>过去六个月，持有以太坊的加密货币交易所的数量一直在下降。随着以太币价格保持稳定，越来越多的持有者参与了质押。分析师预测，只要价格保持稳定，更多的 ETH 将被质押，这一趋势将持续下去。</p>
<h2>以太坊交易所供应持续下降</h2>
<p>根据 Santiment 的数据，持有在交易所的以太坊（ETH）在七月份达到了峰值，数量为 1231 万个代币。此后，这一数量稳步下降，目前为 815 万个。Santiment 的分析师预测，随着更多以太坊被锁定在质押中，交易所的供应将进一步缩减。</p>
<blockquote>
<p>🤑 以太坊网络上非空钱包的数量现已激增至超过 1.755 亿，创下所有加密货币的记录。随着质押持续受到强烈关注，尤其是在市场横盘时，交易所的供应也将继续减少。 pic.twitter.com/sbDzmoRRS5</p>
<p>— Santiment (@santimentfeed) 2026 年 1 月 27 日</p>
</blockquote>
<p>根据 CoinGecko 的数据，过去一周以太坊的交易价格在 2801 美元到 3034 美元之间波动。Santiment 的分析师认为，只要价格波动保持平稳，更多的以太坊将继续被质押，从而导致交易所供应的减少。</p>
<blockquote>
<p><em>“随着质押持续受到强烈关注，尤其是在市场横盘时，交易所的供应也将继续减少，”</em> 他们表示。</p>
</blockquote>
<p>区块链浏览器 Ethereum Validator Queue 显示，质押入队的数量接近上限，排队的代币数量为 360 万个。进入质押的预计等待时间已上升至 63 天，而退出质押的等待时间为 18 小时。这是由于每个周期内可以进入和退出质押的验证者数量有限，以确保网络的稳定性。</p>
<h2>质押导致更多以太坊被提取</h2>
<p>截至目前，已质押超过 3600 万个以太坊，约占总供应的 29%。根据 beaconcha.in 和 Dune Analytics 的数据，这一数字较六月份的 3500 万有所上升。质押活动的增长表明对以太坊的强烈信心，因为这需要将代币锁定以确保网络安全。</p>
<p>以太坊作为一个权益证明网络运作，验证者锁定代币以确保网络安全。当验证者质押他们的以太币时，他们展示了对该资产的信心，因为他们需要长期承诺他们的持有。相比之下，解除质押被视为验证者可能想要出售他们的以太币的信号。</p>
<p>一个大规模质押承诺的例子是 BitMine，目前已质押超过 250 万个以太币。根据 Lookonchain 的数据，BitMine 最近又质押了 250,912 个 ETH，使其总质押量约占其持有量的 61%。BitMine 于 2025 年 12 月开始质押，转移了 74,880 个 ETH。</p>
<p>一些质押者似乎正在购买更多的以太币，最近从交易所的提取证明了这一点。Lookonchain 报告称，四个质押钱包从 Binance 提取了超过 26,000 个代币。这表明这些钱包可能在为质押积累更多的以太币，从而进一步减少交易所可用的以太币数量。</p>
<p>根据 CoinMarketCap 的数据，周四以太坊的交易量约为 235.4 亿美元，较前一天的 270 亿美元有所下降。这一交易量的下降与质押活动的增加和以太坊交易所供应的缩减趋势相伴随。</p>
<hr/>
<p><em>更多来自此作者的文章：</em></p>
<p>以太坊重新测试关键的 2750 美元支撑，关注潜在的价格变化</p>
<p>XRP 的价格走势以更快的速度追踪白银的历史走势</p>
<p>富国银行股票：随着银行支持 AI 驱动的野火项目而上涨</p>

<p>在过去六个月中，以太坊在交易所的供应量从 1231 万减少到 815 万枚，因为越来越多的持有者参与质押。分析师预测，如果价格保持稳定，这一趋势将持续，目前已有超过 3600 万 ETH 被质押，占总供应量的 29%。质押的排队等待时间接近满员，等待时间为 63 天。值得注意的是，BitMine 已质押超过 250 万 ETH，显示出对以太坊的强烈信心。交易量也有所下降，反映出持续减少的交易所供应和增加的质押活动的趋势</p>

<p><img src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1561631918-0e0d6af260af/query-YXV0bz1mb3JtYXQmZml0PWNyb3AmaXhsaWI9cmItMS4yLjEmcT04MCZ3PTEwMDA" alt="" original-src="https://images.unsplash.com/photo-1561631918-0e0d6af260af?ixlib=rb-1.2.1&amp;auto=format&amp;fit=crop&amp;w=1000&amp;q=80"/></p>
<p><em>Image Source: Unsplash</em></p>
<div class="lb-trans"><p><em>图片来源：Unsplash</em></p>
</div><p>The amount of Ethereum held on crypto exchanges has been declining over the past six months. As the price of Ether remains steady, more holders are participating in staking. Analysts predict that this trend will continue as long as the price stays stable and more ETH gets staked.</p>
<div class="lb-trans"><p>过去六个月，持有以太坊的加密货币交易所的数量一直在下降。随着以太币价格保持稳定，越来越多的持有者参与了质押。分析师预测，只要价格保持稳定，更多的 ETH 将被质押，这一趋势将持续下去。</p>
</div><h2>Ethereum Exchange Supply Continues to Decline</h2>
<div class="lb-trans"><h2>以太坊交易所供应持续下降</h2>
</div><p>According to data from Santiment, Ethereum (ETH) held on exchanges reached its peak in July, with 12.31 million tokens. Since then, the amount has steadily dropped, now standing at 8.15 million. Santiment analysts predict that this trend will continue, with exchange supply shrinking further as more Ether is locked in staking.</p>
<div class="lb-trans"><p>根据 Santiment 的数据，持有在交易所的以太坊（ETH）在七月份达到了峰值，数量为 1231 万个代币。此后，这一数量稳步下降，目前为 815 万个。Santiment 的分析师预测，随着更多以太坊被锁定在质押中，交易所的供应将进一步缩减。</p>
</div><blockquote>
<p>🤑 Ethereum's amount of non-empty wallets on the network has now ballooned to over 175.5M, a record among among all cryptocurrencies. As staking continues to be of strong interest, especially while markets move sideways, exchange supply will continue to shrink as well. pic.twitter.com/sbDzmoRRS5</p>
<p>— Santiment (@santimentfeed) January 27, 2026</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>🤑 以太坊网络上非空钱包的数量现已激增至超过 1.755 亿，创下所有加密货币的记录。随着质押持续受到强烈关注，尤其是在市场横盘时，交易所的供应也将继续减少。 pic.twitter.com/sbDzmoRRS5</p>
<p>— Santiment (@santimentfeed) 2026 年 1 月 27 日</p>
</blockquote>
</div><p>Ethereum has been trading between $2,801 and $3,034 in the past week, according to CoinGecko. Santiment’s analysts believe that as long as the price movement remains muted, more Ethereum will continue to be staked, contributing to a decrease in exchange supply.</p>
<div class="lb-trans"><p>根据 CoinGecko 的数据，过去一周以太坊的交易价格在 2801 美元到 3034 美元之间波动。Santiment 的分析师认为，只要价格波动保持平稳，更多的以太坊将继续被质押，从而导致交易所供应的减少。</p>
</div><blockquote>
<p><em>“As staking continues to be of strong interest, especially while markets move sideways, exchange supply will continue to shrink as well,”</em> they said.</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>“随着质押持续受到强烈关注，尤其是在市场横盘时，交易所的供应也将继续减少，”</em> 他们表示。</p>
</blockquote>
</div><p>Blockchain explorer Ethereum Validator Queue shows that the staking entry queue is near capacity, with 3.6 million tokens lined up. The estimated wait time to enter staking has risen to 63 days, compared to 18 hours for exiting staking. This is due to a limit on how many validators can enter and exit staking per epoch, ensuring network stability.</p>
<div class="lb-trans"><p>区块链浏览器 Ethereum Validator Queue 显示，质押入队的数量接近上限，排队的代币数量为 360 万个。进入质押的预计等待时间已上升至 63 天，而退出质押的等待时间为 18 小时。这是由于每个周期内可以进入和退出质押的验证者数量有限，以确保网络的稳定性。</p>
</div><h2>Staking Leads to More Ether Withdrawals</h2>
<div class="lb-trans"><h2>质押导致更多以太坊被提取</h2>
</div><p>As of now, over 36 million Ethereum has been staked, representing around 29% of the total supply. This is up from 35 million in June, according to beaconcha.in and Dune Analytics. The growth in staking activity suggests strong confidence in Ethereum, as it requires tokens to be locked up for network security.</p>
<div class="lb-trans"><p>截至目前，已质押超过 3600 万个以太坊，约占总供应的 29%。根据 beaconcha.in 和 Dune Analytics 的数据，这一数字较六月份的 3500 万有所上升。质押活动的增长表明对以太坊的强烈信心，因为这需要将代币锁定以确保网络安全。</p>
</div><p>Ethereum operates as a proof-of-stake network, where validators lock up tokens to secure the network. When validators stake their Ether, they demonstrate confidence in the asset, as they are required to commit their holdings long-term. In contrast, unstaking is seen as a signal that validators may want to sell their Ether.</p>
<div class="lb-trans"><p>以太坊作为一个权益证明网络运作，验证者锁定代币以确保网络安全。当验证者质押他们的以太币时，他们展示了对该资产的信心，因为他们需要长期承诺他们的持有。相比之下，解除质押被视为验证者可能想要出售他们的以太币的信号。</p>
</div><p>One example of a large-scale staking commitment is BitMine, which now has over 2.5 million Ether staked. According to Lookonchain, BitMine recently staked an additional 250,912 ETH, bringing its total staking to around 61% of its holdings. BitMine began staking in December 2025, with a transfer of 74,880 ETH.</p>
<div class="lb-trans"><p>一个大规模质押承诺的例子是 BitMine，目前已质押超过 250 万个以太币。根据 Lookonchain 的数据，BitMine 最近又质押了 250,912 个 ETH，使其总质押量约占其持有量的 61%。BitMine 于 2025 年 12 月开始质押，转移了 74,880 个 ETH。</p>
</div><p>Some stakers appear to be buying up more Ether, as evidenced by recent withdrawals from exchanges. Lookonchain reported that four staking wallets withdrew over 26,000 tokens from Binance. This suggests that these wallets may be accumulating more Ether in preparation for staking, further decreasing the amount of Ether available on exchanges.</p>
<div class="lb-trans"><p>一些质押者似乎正在购买更多的以太币，最近从交易所的提取证明了这一点。Lookonchain 报告称，四个质押钱包从 Binance 提取了超过 26,000 个代币。这表明这些钱包可能在为质押积累更多的以太币，从而进一步减少交易所可用的以太币数量。</p>
</div><p>The trading volume for Ethereum on CoinMarketCap was approximately $23.54 billion on Thursday, down from more than $27 billion the day before. This decline in trading volume comes alongside the increasing trend of staking and the shrinking exchange supply of Ether.</p>
<div class="lb-trans"><p>根据 CoinMarketCap 的数据，周四以太坊的交易量约为 235.4 亿美元，较前一天的 270 亿美元有所下降。这一交易量的下降与质押活动的增加和以太坊交易所供应的缩减趋势相伴随。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多来自此作者的文章：</em></p>
</div><p>Ethereum Retests Key $2,750 Support, Eyes On Potential Price Shift</p>
<div class="lb-trans"><p>以太坊重新测试关键的 2750 美元支撑，关注潜在的价格变化</p>
</div><p>XRP’s Price Action Tracks Silver’s Historic Moves At Faster Pace</p>
<div class="lb-trans"><p>XRP 的价格走势以更快的速度追踪白银的历史走势</p>
</div><p>Wells Fargo &amp; Company Stock: Rises As Bank Backs AI-Powered Wildfire Venture</p>
<div class="lb-trans"><p>富国银行股票：随着银行支持 AI 驱动的野火项目而上涨</p>
</div>

Ethereum Supply On Exchanges Declines While Staking Volume Increases

- 以太坊在交易所的持有量过去六个月持续下降，现为 8.15 百万枚。
- 由于质押活动增加，分析师预测这一趋势将持续，非空钱包达 1.755 亿个。
- 当前已质押超 3600 万枚以太坊，占总供应的 29%。

以太坊在交易所的供应量减少，而质押量则在增加