比特幣 (BTC) 和以太坊 (ETH) 在 2024 年第四季結束時取得顯著收益，預計在 2025 年預計將實現潛在收益

比特幣 (BTC) 和以太坊 (ETH) 在 2024 年第四季收盤時錄得顯著上漲，反映出市場成長和謹慎情緒的結合。

After a tumultuous year in the crypto market, Bitcoin (BTC) and Ether (ETH) closed Q4 2024 with modest gains, reflecting a mix of market growth and cautious sentiment.

經過加密貨幣市場動盪的一年後，比特幣 (BTC) 和以太幣 (ETH) 在 2024 年第四季收盤時小幅上漲，反映出市場成長和謹慎情緒的混合。

BTC rose 48% in Q4, while ETH gained 30%. Both cryptocurrencies closed the quarter with minimal price movements, trading within their monthly ranges.

BTC 在第四季度上漲了 48%，而 ETH 則上漲了 30%。這兩種加密貨幣在本季結束時價格變動最小，交易在每月範圍內。

The market momentum remained steady throughout December, with both BTC and ETH posting positive returns that largely mirrored the broader Q4 performance. According to analysts, stable funding rates and January’s historical price trends, which usually favor positive growth, could contribute to these gains. However, traders remained hesitant to take significant positions as the year-end volatility gradually subsided. Coming off a strong Q4, BTC and ETH are positioned for potential gains in 2025, supported by increased options activity and market optimism.

在整個 12 月市場勢頭保持穩定，BTC 和 ETH 均實現正回報，這在很大程度上反映了第四季度的整體表現。分析師表示，穩定的融資利率和一月份的歷史價格趨勢（通常有利於正成長）可能有助於這些收益。然而，隨著年末波動逐漸消退，交易員對於是否持有大量部位仍猶豫不決。在第四季度的強勁表現之後，在期權活動增加和市場樂觀情緒的支持下，BTC 和 ETH 預計將在 2025 年實現潛在上漲。

BTC’s month-to-date returns were relatively flat, indicating a lack of immediate momentum. However, the overall market sentiment remained positive due to the strong Q4 performance. Nonetheless, it may be premature to draw definitive conclusions about the quarter’s outcome.

比特幣本月迄今的報酬率相對持平，顯示缺乏直接動力。然而，由於第四季的強勁表現，整體市場情緒仍然樂觀。儘管如此，現在就本季的結果得出明確的結論可能還為時過早。

According to some analyses, BTC could gain additional price support from market dynamics. For instance, Michael Saylor recently shared his Bitcoin purchase tracker, which might signal another round of large-scale BTC purchases. This could further support Bitcoin’s price.

根據一些分析，比特幣可能會從市場動態中獲得額外的價格支撐。例如，Michael Saylor 最近分享了他的比特幣購買追蹤器，這可能預示著另一輪大規模的 BTC 購買。這可能會進一步支撐比特幣的價格。

The Impact of Quarter-End Volatility on Market Sentiment Despite the positive Q4 performance, the crypto market is unlikely to see major short-term price swings. Funding remains healthy, and January’s average returns (+3.3%) are similar to December’s (+4.8%).

季末波動對市場情緒的影響儘管第四季表現良好，但加密貨幣市場不太可能出現短期價格大幅波動。資金仍然健康，1 月份的平均回報率 (+3.3%) 與 12 月份的平均回報率 (+4.8%) 相似。

As a result, the market is expected to remain within its current range, with spot prices remaining relatively stable until at least February. This could be because many traders are waiting to take significant positions until after the holiday season. However, as the year progresses, there could be more opportunities for price growth, especially as January’s slower pace gives way to February’s potential activity.

因此，預計市場將保持在當前區間內，現貨價格至少在 2 月之前將保持相對穩定。這可能是因為許多交易者都在等待假期結束後才買入大量頭寸。然而，隨著時間的推移，價格成長的機會可能會更多，尤其是一月份的放緩被二月份的潛在活動所取代。

Options Activity Points to March Optimism Options flows also reflect a cautious market outlook, with front-end volatility drifting lower. The risk-reversal curve shows growing interest in call options for March, driven partly by the significant number of calls (120k-130k) bought last Friday.

選擇權活動指向 3 月的樂觀情緒 選擇權流動也反映出謹慎的市場前景，前端波動性走低。風險逆轉曲線顯示，人們對 3 月看漲期權的興趣日益濃厚，部分原因是上週五買入的看漲期權數量眾多（12 萬至 13 萬份）。

This suggests that traders anticipate a potential price increase in the coming months but remain uncertain about the near-term market direction.The information presented in this article is for informational and educational purposes only. It does not constitute financial advice or an offer to buy or sell any cryptocurrency.

這表明交易者預計未來幾個月價格可能會上漲，但對近期市場方向仍不確定。它不構成財務建議或購買或出售任何加密貨幣的要約。