比特幣 (BTC) 月度市場回顧 – 2023 年 7 月

在聯邦公開市場委員會做出利率決定後，比特幣 [BTC] 的交易價格在 7 月最後一天幾乎沒有變化。

Bitcoin [BTC] closed July relatively flat in the immediate aftermath of the Federal Open Market Committee’s interest rate decision.

在聯邦公開市場委員會做出利率決定後，比特幣 7 月收盤相對持平。

Meeting market expectations, Fed policymakers maintained the benchmark federal funds rate within the 5.25%-5.50% range. Now that June’s FOMC meeting is in the past, traders are looking ahead to the first rate cut of the year, which could come as early as September.

符合市場預期，聯準會政策制定者將基準聯邦基金利率維持在5.25%-5.50%的區間。現在 6 月的 FOMC 會議已經過去，交易員正在期待今年的首次降息，最早可能在 9 月舉行。

In his remarks following the FOMC meeting, Chair Jerome Powell mentioned that there are ongoing discussions about a September rate cut, the possibility of which hinges on strong economic growth figures.

聯準會主席鮑威爾在聯邦公開市場委員會會議後的演講中提到，9月降息的討論正在進行中，降息的可能性取決於強勁的經濟成長數據。

An interest rate cut outcome would likely boost liquidity in the market, which in turn tends to be favorable for cryptocurrencies.

降息結果可能會增加市場的流動性，這反過來又對加密貨幣有利。

July trendsA minor crypto pullback ahead of the monthly close erased some of Bitcoin’s gains, with Coinglass showing that the flagship crypto managed only 2.95% returns throughout July.

7 月趨勢 加密貨幣在月收盤前的小幅回檔抹去了比特幣的部分漲幅，Coinglass 顯示，旗艦加密貨幣在整個 7 月的回報率僅為 2.95%。

Source: TradingView

來源：TradingView

The meager positive returns nevertheless set the stage for Bitcoin to pursue new yearly price highs.

儘管如此，微薄的正回報為比特幣追求年度價格新高奠定了基礎。

In contrast, Ethereum [ETH] fared worse, losing 5.88% in the same period despite positive influences, such as the launch of US-based spot Ether ETFs.

相較之下，以太幣 [ETH] 的表現更糟，儘管受到諸如美國現貨以太 ETF 推出等正面影響，但同期仍下跌 5.88%。

As a result, the ETH/BTC ratio fell throughout July, decreasing by 10.72% by the end of the month.

結果，ETH/BTC 比率整個 7 月都在下降，到月底下降了 10.72%。

Source: TradingView

來源：TradingView

Among the large-cap altcoins, MANTRA [OM] and Helium [HNT] emerged as the best performers in July, generating returns of 44% and 36%, respectively, over the course of the month.

在大盤山寨幣中，MANTRA [OM] 和 Helium [HNT] 成為 7 月表現最好的貨幣，當月回報率分別為 44% 和 36%。

On the other hand, Fantom [FTM], Flare [FLR], and Starknet [STRK] all lost more than 30%.

另一方面，Fantom [FTM]、Flare [FLR] 和 Starknet [STRK] 均下跌超過 30%。

August expectationsA bargaining-hunting theme persisted last month as addresses with a balance of at least 0.1% of BTC’s circulating supply added around 84,000 BTC to their stashes, according to IntoTheBlock’s Bitcoin ownership data.

八月預期 根據 IntoTheBlock 的比特幣所有權數據，上個月討價還價主題持續存在，因為 BTC 流通供應量餘額至少 0.1% 的地址增加了約 84,000 BTC 的存儲。

This scoop marked the highest accumulation pace since October 2014.

這一獨家新聞標誌著自 2014 年 10 月以來的最高增持速度。

Separately, IntoTheBlock reported in an X (formerly Twitter) post that daily new addresses were up by 35% on the 30th of July since touching multi-year lows in early June.

另外，IntoTheBlock 在 X（前 Twitter）貼文中報道稱，自 6 月初觸及多年低點以來，7 月 30 日每日新地址增加了 35%。

Source: IntoTheBlock

來源：IntoTheBlock

Historically, strong accumulation by whale and shark investors has hinted at anticipation of a breakout to the upside from the current ranges.

從歷史上看，鯨魚和鯊魚投資者的強勁積累暗示了從當前區間向上突破的預期。

Renewed inflows of capital into the crypto market further supported the bullish sentiment.

資本重新流入加密貨幣市場進一步支撐了看漲情緒。

CCData noted in its latest Stablecoins & CBDCs report that the total market capitalization of stablecoins increased by 2.11% in July, reaching $164 billion — its highest level since April 2022.

CCData 在最新的穩定幣和 CBDC 報告中指出，7 月穩定幣總市值成長 2.11%，達到 1,640 億美元，這是自 2022 年 4 月以來的最高水準。

Technical outlookBitcoin has been trading within the bounded ranges of $58,000 and $70,000 for five months.

技術展望五個月以來，比特幣一直在 58,000 美元和 70,000 美元的有限區間內交易。

Bullish traders aimed to flip the prevailing resistance at $69,600, as it will bring into view $72,000, which presented the next significant barrier to challenging March’s all-time high.

看漲交易者的目標是扭轉當前阻力位 69,600 美元，因為它將進入 72,000 美元，這是挑戰 3 月歷史高點的下一個重大障礙。

Thus far, bears have fiercely defended the upper boundaries of the prevailing consolidation range, successfully stymieing attempts to crack the $70,000 mark.

到目前為止，空頭一直在激烈捍衛目前盤整區間的上限，成功阻止了突破 7 萬美元大關的嘗試。

Multiple rejections above $69,600 since March indicated that BTC price needs a strong catalyst to overcome the hurdle.

自3月以來多次拒絕突破69,600美元，顯示BTC價格需要強而有力的催化劑來克服障礙。