比特幣（BTC）Outlook顯示出隨著Stablecoin流動性的增加而顯示的跡象

比特幣的前景（BTC）顯示出隨著穩定流動性的增加而提高的跡象，關鍵市場指標表示潛力

The outlook for Bitcoin (BTC) is showing signs of improvement as stablecoin liquidity increases and a key market indicator signals a potential reversal of the recent deep correction.

比特幣的前景（BTC）顯示出隨著穩定流動性的增加而提高的跡象，關鍵市場指標標誌著最近深層校正的潛在逆轉。

CryptoQuant highlighted a significant expansion in the market capitalization of Tether USD (USDT), which usually leads to rising Bitcoin prices.

加密量強調了Tether USD（USDT）市值的顯著擴展，這通常會導致比特幣價格上漲。

USDT’s market capitalization has grown by $5.75 billion over the past 60 days, exceeding its 60-day simple moving average of $3.46 billion. According to the on-chain analytics firm, this movement typically indicates fresh capital entering the crypto market, which could support price momentum.

在過去的60天中，USDT的市值增長了57.5億美元，超過了60天的簡單移動平均值34.6億美元。根據鏈分析公司的說法，這一運動通常表明進入加密市場的新資本可以支持價格勢頭。

However, the liquidity injection is not triggering any short-term rebounds. The crypto market cap fell by 3.2% over the last 24 hours to reach $2.72 trillion. BTC also decreased by 3.3% during the same period, now trading at $80,411.98.

但是，流動性注入並未觸發任何短期反彈。在過去的24小時內，加密市值下降了3.2％，達到2.72萬億美元。在同一時期，BTC也下降了3.3％，現在交易的價格為80,411.98美元。

Oversold territory

超賣領土

At the same time, on-chain data suggests that Bitcoin has reached an oversold zone following a period of strong correction.

同時，鏈上數據表明，在一段時間進行校正時，比特幣已經到達了一個超售區。

CryptoQuant Korean community manager Crypto Dan pointed out that the proportion of Bitcoin holdings for less than one month surged in March and December 2024, reaching 23% and 24.5%, respectively.

加密韓國社區經理Crypto Dan指出，2024年3月和12月12日，比特幣持有量不到一個月的比例分別達到23％和24.5％。

This pattern preceded a correction, bringing the Market Value to Realized Value (MVRV) ratio to 1.8, close to the 2024 correction’s low of 1.71. If Bitcoin falls to the $70,000 range, the MVRV ratio would surpass levels seen during past correction lows.

這種模式在校正之前，將市場價值提高到已實現的價值（MVRV）比率為1.8，接近2024校正的低點為1.71。如果比特幣降至70,000美元的範圍，則MVRV比率將超過過去校正低的水平。

However, market sentiment has weakened significantly, with altcoins surrendering most of the gains made over the past year. This suggests that further declines may not be necessary to reset the market, as it has already undergone substantial deleveraging.

但是，市場情緒已大大削弱，山寨幣在過去一年中屈服於大部分收益。這表明重置市場可能不需要進一步下降，因為它已經經歷了大量的去槓桿化。

Entering an oversold zone typically increases the probability of a rebound, though market conditions remain challenging.

進入超售區通常會增加反彈的可能性，儘管市場狀況仍然具有挑戰性。

The final phase of an upward cycle often involves heightened risk and investment difficulty, but as selling pressure lessens, the potential for a price recovery increases.

向上週期的最後階段通常涉及風險和投資難度增加，但是隨著銷售壓力的減輕，價格回收的可能性會增加。

Crypto Dan highlighted the strength and magnitude of any rebound, whale movements, and changes in on-chain data as key factors to monitor in the coming period. Additionally, correlations with traditional stock markets and macroeconomic trends will shape Bitcoin’s trajectory.

加密丹（Crypto Dan）強調了任何反彈，鯨魚運動以及鏈上數據的變化的強度和幅度，這是在未來時期監視的關鍵因素。此外，與傳統股票市場和宏觀經濟趨勢的相關性將影響比特幣的軌跡。

Lastly, he assessed that it is still too early to conclude that the market has entered a full-fledged bear cycle.

最後，他評估現在得出的結論還為時過早，市場已經進入了一個成熟的熊週期。