報告稱

比特幣的價格行動一直受到幾個關鍵因素的影響，潛在集會的最可靠指標之一是Stablecoins提供的流動性。

Bitcoin’s price action has always been influenced by several key factors, and one of the most reliable indicators for potential rallies has been the liquidity provided by stablecoins. Historically, an increase in stablecoin liquidity often coincides with significant price gains in the cryptocurrency market, and according to a recent report by CryptoQuant, Bitcoin’s next rally could be on the horizon due to expanding liquidity from Tether (USDT) and USD Coin (USDC).

比特幣的價格行動一直受到幾個關鍵因素的影響，潛在集會的最可靠指標之一是Stablecoins提供的流動性。從歷史上看，斯ababalecoin流動性的增加通常與加密貨幣市場的價格上漲相吻合。 。

A Surge in Stablecoin Liquidity

Stablecoin流動性激增

Stablecoins have long been a cornerstone of the cryptocurrency ecosystem, providing liquidity and facilitating transactions. Tether (USDT) and USD Coin (USDC) are two of the most dominant stablecoins in the market, and recent data suggests that their liquidity is expanding rapidly. CryptoQuant’s report highlights a notable resurgence in both stablecoins, with USDC showing a growth pace not seen in the past year.

長期以來，穩定劑一直是加密貨幣生態系統的基石，提供了流動性和促進交易。 Tether（USDT）和USD Coin（USDC）是市場上最主要的兩鏈球菌，最近的數據表明，它們的流動性正在迅速擴大。 CryptoQuant的報告強調了兩種Stablecoins的顯著復甦，USDC顯示出過去一年中沒有出現的增長速度。

The overall market cap of stablecoins has reached new heights, surpassing the $200 billion mark and reaching an all-time high of $204 billion. This marks a significant leap from previous levels, and the increase in market cap can be attributed to several factors, including the broader macroeconomic environment.

Stablecoins的整體市值已經達到了新的高度，超過了2000億美元的成績，並達到了204億美元的歷史高處。這標誌著以前的水平有很大的飛躍，而市值的增加可以歸因於幾個因素，包括更廣泛的宏觀經濟環境。

The Donald Trump Effect: Improving Market Conditions

唐納德·特朗普的效果：改善市場狀況

The turning point for this surge in liquidity coincided with the U.S. presidential election, particularly the victory of Donald Trump. Following the election, liquidity conditions in the crypto market have improved, with stablecoin issuance seeing a noticeable uptick. The market cap of USDT, which remains the primary stablecoin by market capitalization, has grown by 15%, or approximately $19 billion, since Trump’s election victory in early November.

這種流動性激增的轉折點與美國總統大選相吻合，尤其是唐納德·特朗普的勝利。選舉之後，加密貨幣市場的流動性狀況有所改善，Stablecoin發行顯著上升。自從特朗普在11月初大選以來，USDT的市值仍然是市場資本化的主要穩定幣，大約增長了15％，約為190億美元。

Meanwhile, USDC has also seen remarkable growth. In the same period, USDC’s market cap increased by 48%, rising by an impressive $17 billion. This surge signals that demand for stablecoins is growing, which is often a precursor to a bullish period for Bitcoin and the broader cryptocurrency market.

同時，USDC也看到了顯著的增長。在同一時期，USDC的市值增加了48％，增長了170億美元。這種湧現的信號表明對穩定幣的需求正在增長，這通常是看漲比特幣和更廣泛的加密貨幣市場的先兆。

USDT’s Growing Presence on Exchanges

USDT在交流中的日益增長的存在

CryptoQuant’s data reveals that not only is stablecoin liquidity expanding, but these assets are also seeing increased activity on centralized exchanges. The total amount of USDT deposited on exchanges has grown exponentially, rising from $30.5 billion on November 4 to a record $43 billion today, representing a 41% increase. This surge in exchange deposits is important because it directly impacts liquidity available for trading, which often results in increased price volatility and potential upward price movements.

加密的數據表明，不僅Stablecoin流動性在擴大，而且這些資產在集中式交易所的活動也增加了。交易所存入的USDT總額已成倍增長，從11月4日的300億美元增加到今天的430億美元，增長了41％。這種交換存款的激增很重要，因為它直接影響可用於交易的流動性，這通常會導致價格波動提高和潛在的上價變動。

“The total value of stablecoins is an important source of liquidity for trading on exchanges, and its expansion is generally associated with higher crypto prices,” CryptoQuant explains in their report. As more liquidity enters exchanges in the form of USDT and USDC, the stage is set for increased buying pressure on Bitcoin and other cryptocurrencies.

CryptoQuant在其報告中解釋說：“ Stablecoins的總價值是交易交易的重要流動性，其擴展通常與更高的加密價格有關。”隨著更多的流動性以USDT和USDC的形式進入交流，該階段旨在增加對比特幣和其他加密貨幣的購買壓力。

Historical Trends: Liquidity Expansion and Crypto Price Rallies

歷史趨勢：流動性擴展和加密價格集會

Historically, whenever the liquidity of stablecoins expands, a rally in crypto prices tends to follow. CryptoQuant notes that a growing liquidity impulse – the 30-day percentage change in market capitalization – has historically been a precursor to price surges. For instance, USDT’s liquidity impulse has recently turned slightly positive after a 2% decline earlier in the year. USDC has seen even more substantial growth, with a 20% rise in liquidity impulse, marking the first such surge in nearly a year.

從歷史上看，每當Stablecoins的流動性擴展時，加密價格的集會就會隨之而來。 CryptoQuant指出，越來越多的流動性衝動 - 市值的30天百分比變化 - 歷史上一直是價格飆升的先驅。例如，在今年早些時候下降了2％之後，USDT的流動性衝動最近變成了略有正向。 USDC的增長更加實質性，流動性衝動增加了20％，這標誌著將近一年的第一次激增。

Typically, further acceleration in stablecoin liquidity is followed by a bullish phase in the broader market. This is because the increased liquidity on exchanges means that there is more buying power, which can push prices higher. With Bitcoin’s recent price action showing signs of consolidation, this influx of liquidity could be just the catalyst needed to drives the next rally.

通常，在更廣闊的市場中，穩定的流動性進一步加速後是看漲階段。這是因為交流的流動性增加意味著購買力更多，這可以提高價格。隨著比特幣最近的價格動作顯示合併的跡象，這種流動性的湧入可能只是驅動下一次集會所需的催化劑。

What This Means for Bitcoin

這對比特幣意味著什麼

Bitcoin’s price has seen impressive gains in the past year, and the expanding stablecoin liquidity suggests that more upward momentum could be in store. As the market becomes more liquid and exchanges experience higher deposits, Bitcoin could see a surge in buying pressure, which may lead to significant price increases.

在過去的一年中，比特幣的價格取得了令人印象深刻的收益，而不斷擴大的Stablecoin流動性表明，更多的上升勢頭可能會出現。隨著市場變得越來越流動，交換經歷更高的存款，比特幣可能會看到購買壓力的激增，這可能會導致價格大幅上漲。

The correlation between stablecoin liquidity and Bitcoin’s price movements isn’t just speculative; it’s grounded in historical trends. CryptoQuant’s data indicates that these liquidity surges are typically followed by rallies, and with the right market conditions in place, Bitcoin could be poised for another breakout.

Stablecoin流動性與比特幣的價格變動之間的相關性不僅僅是投機性；它基於歷史趨勢。加密的數據表明，這些流動性的潮流通常緊隨其後是集會，並且在適當的市場條件下，比特幣可能會再次突破。

Conclusion

結論

With USDT and USDC market caps rising, coupled with a favorable macroeconomic environment, Bitcoin’s next rally may not be far off. Historical data supports the notion that expanding stablecoin liquidity is a reliable indicator of potential price increases in the crypto market. As we enter 2025, Bitcoin investors will be closely watching these liquidity trends, which may hold the key to unlocking the next major price surge. If the current trends continue, Bitcoin could very well be gearing up for another bullish run.

隨著USDT和USDC市值的上升，再加上一個有利的宏觀經濟環境，比特幣的下一個集會可能並不遙遠。歷史數據支持以下觀點：擴大Stablecoin流動性是加密市場潛在價格上漲的可靠指標。當我們進入2025年時，比特幣投資者將密切關注這些流動性趨勢，這可能是釋放下一個主要價格飆升的關鍵。如果目前的趨勢繼續下去，比特幣很可能為另一項看漲奔跑做好準備。