儘管出現看跌訊號，比特幣仍飆升至 7 萬美元以上

儘管近期比特幣價格下跌，但三月購買壓力卻顯著激增。 CryptoQuant 的穩定幣指標顯示購買力增加，顯示持續上漲的可能性。然而，Tether 主導地位圖表表明未來可能會出現波動，因為主導地位的上升可能預示著整個市場的看跌情緒。

Bitcoin Soars Above $70,000 Despite Bearish Signals

儘管出現看跌訊號，比特幣仍飆升至 7 萬美元以上

In a resurgence of buying interest, Bitcoin (BTC) surged past the $70,000 mark in March, rebounding from a dip to $60,700 the previous week. However, despite the price surge, certain metrics suggest a cautious undercurrent in the market.

隨著購買興趣的復甦，比特幣 (BTC) 在 3 月飆升至 70,000 美元大關，從上週的跌勢反彈至 60,700 美元。然而，儘管價格飆升，但某些指標表明市場存在謹慎的暗流。

Long-Term Holders Take Profits

長期持有者獲利了結

One notable bearish signal is the increasing number of long-term BTC holders booking profits. This indicates a lack of conviction among some investors, who may be apprehensive about holding onto their assets amid market volatility.

一個值得注意的看跌訊號是越來越多的比特幣長期持有者獲利了結。這表明一些投資者缺乏信心，他們可能對在市場波動中持有資產感到擔憂。

Stablecoin Metrics Signal Buying Power

穩定幣指標顯示購買力

To gauge the market's direction, analysts turned to stablecoin metrics from CryptoQuant. These metrics suggest a rise in buying power, which could fuel further market gains.

為了衡量市場的走向，分析師轉向了 CryptoQuant 的穩定幣指標。這些指標顯示購買力上升，這可能會推動市場進一步上漲。

Stablecoin Netflow to Exchanges

穩定幣淨流向交易所

The stablecoin netflow to exchanges has been positive in March, with an increase in stablecoin inflows observed over the past ten days. This could lead to increased buying pressure on cryptocurrencies, particularly Bitcoin, as investors seek to take advantage of the recent price dip.

3月份流入交易所的穩定幣淨流量為正，過去十天穩定幣流入量增加。這可能會導致加密貨幣（尤其是比特幣）的購買壓力增加，因為投資者尋求利用近期價格下跌的機會。

Stablecoin Exchange Reserve

穩定幣交易所儲備

The stablecoin exchange reserve has also been trending upwards in the past month. While a rising exchange reserve typically indicates potential selling pressure, the opposite is true for stablecoins like Tether (USDT). A rising exchange reserve for USDT suggests an increase in buying pressure, as market participants seek to park their funds in stablecoins during periods of volatility.

過去一個月，穩定幣外匯存底也呈現上升趨勢。雖然外匯儲備上升通常表明潛在的拋售壓力，但對於 Tether (USDT) 等穩定幣來說，情況恰恰相反。 USDT 外匯存底的增加表明購買壓力增加，因為市場參與者試圖在波動時期將資金投入穩定幣。

USDT Dominance Hints at Short-Term Bearishness

USDT 的主導地位暗示短期看跌

The movement of the USDT dominance, which measures the percentage of market capitalization held by USDT, could provide insights into the market trend. Since mid-October, the USDT dominance chart has trended downwards, indicating a potential retracement in the coming weeks. A bounce in USDT dominance would reflect bearish pressure across the crypto market.

USDT 主導地位的變動衡量了 USDT 所佔市值的百分比，可以提供對市場趨勢的洞察。自10月中旬以來，USDT主導圖呈現下降趨勢，顯示未來幾週可能出現回檔。 USDT 主導地位的反彈將反映出整個加密貨幣市場的看跌壓力。

Technical Analysis of USDT Dominance

USDT 優勢技術分析

Fibonacci retracement levels plotted on the USDT dominance chart suggest that the dominance could rebound to 5.15% or 5.47% in April. This would signal a shift towards selling and a bearish trend in the crypto market.

USDT 優勢圖表上繪製的斐波那契回撤水準表明，4 月的優勢可能會反彈至 5.15% 或 5.47%。這將標誌著加密貨幣市場轉向拋售和看跌趨勢。

Cautious Optimism for Investors

投資人謹慎樂觀

While the overall trend for Bitcoin remains bullish, investors should be aware of the short-term bearish signals. A retracement in USDT dominance could provide a buying opportunity, allowing investors to accumulate BTC at a discount.

雖然比特幣的整體趨勢仍然看漲，但投資者應注意短期看跌訊號。 USDT 主導地位的回檔可能會提供買入機會，使投資者能夠以折扣價累積 BTC。

Conclusion

結論

Bitcoin's recent surge has been tempered by bearish indicators, including profit-taking by long-term holders. Stablecoin metrics suggest a rise in buying power, but theUSDT dominance chart hints at potential short-term volatility. Investors should remain vigilant and prepared for potential price fluctuations in the coming weeks.

比特幣近期的飆升受到了看跌指標的影響，包括長期持有者的獲利了結。穩定幣指標顯示購買力上升，但 USDT 主導圖表暗示潛在的短期波動。投資者應保持警惕，並為未來幾週潛在的價格波動做好準備。