比特幣 (BTC) 價格上漲需要現貨 ETF、Coinbase 美元儲備來維持勢頭

根據 CoinMarketCap 的數據，比特幣價格在過去一個月大幅上漲 14.74%。在這次價格上漲期間，總理

The price of Bitcoin (CRYPTO: BTC) recorded significant gains in October, rising by 14.74% according to data from CoinMarketCap. During this price rally, the premier cryptocurrency came close to establishing a new market all-time high, reaching a local peak of $73,149 on October 29.

根據 CoinMarketCap 的數據，比特幣（CRYPTO：BTC）的價格在 10 月錄得大幅上漲，上漲了 14.74%。在這次價格上漲期間，這種主要的加密貨幣幾乎創下了市場歷史新高，並在 10 月 29 日達到了 73,149 美元的局部高峰。

However, CryptoQuant CEO Ki Young Ju has stated a certain condition is needed to sustain this price gain.

然而，CryptoQuant 執行長 Ki Young Ju 表示，維持這種價格上漲需要一定的條件。

In a series of X posts on November 1, Ki Young Ju stated that stablecoins are currently providing an insufficient amount of liquidity to sustain the present buying pressure on Bitcoin. This observation is particularly important as traders commonly rely on stablecoins to acquire volatile assets such cryptocurrencies, due to their fixed dollar value.

在 11 月 1 日的一系列 X 貼文中，Ki Young Ju 表示，穩定幣目前提供的流動性不足以維持目前對比特幣的購買壓力。這項觀察結果尤其重要，因為交易者通常依靠穩定幣來獲取加密貨幣等波動性資產，因為它們的美元價值是固定的。

Therefore, a higher stablecoin exchange reserve translates into significant potential for an impending price gain via wide-scale purchase.

因此，較高的穩定幣交易儲備意味著透過大規模購買即將到來的價格上漲的巨大潛力。

However, According to Young Ju, crypto exchanges currently hold only 21% of the total stablecoin market i.e. $34 billion of $166 billion, as most of these tokens are currently being used for storage or remittances. This development represents a slow rise in the stablecoin exchange reserve from $30 billion in September 2021 during the last bull run, despite a 33% growth in total stablecoin shares in the same period.

然而，Young Ju 表示，加密貨幣交易所目前僅佔整個穩定幣市場的 21%，即 1,660 億美元中的 340 億美元，因為這些代幣目前大部分用於儲存或匯款。這項發展代表著穩定幣交易儲備從 2021 年 9 月上一次牛市期間的 300 億美元緩慢上升，儘管同期穩定幣總份額增加了 33%。

Currently, the Bitcoin-to-stablecoin reserve ratio is 6.05, similar to the value at the last ATH. Therefore, in order to maintain BTC’s present upward trajectory, Ki Young Ju postulates that the Spot Bitcoin ETFs, alongside Coinbase USD reserves, have to provide much-needed market liquidity.

目前，比特幣與穩定幣的準備率為 6.05，與上次 ATH 的價值相似。因此，為了維持 BTC 目前的上漲軌跡，Ki Young Ju 假設現貨比特幣 ETF 以及 Coinbase 美元儲備必須提供急需的市場流動性。

Notably, the Spot Bitcoin ETFs can be said to be behind Bitcoin’s current rally considering their impressive inflows record of over $5 billion in the past three weeks. Of this figure, BlackRock’s IBIT has led the market recording investments of $4.44 billion in this timeframe.

值得注意的是，考慮到過去三週超過 50 億美元的令人印象深刻的流入記錄，現貨比特幣 ETF 可以說是比特幣當前上漲的幕後推手。其中，貝萊德 (BlackRock) 的 IBIT 在此期間以 44.4 億美元的投資記錄引領市場。

Ki Young Ju states that it is important the Bitcoin ETFs maintain this momentum as a breakdown in pace will reduce buying pressure, especially from brokerage firms such as Coinbase Prime, which may result in Bitcoin falling back into consolidation.

Ki Young Ju 表示，比特幣 ETF 保持這種勢頭非常重要，因為步伐的崩潰將減少購買壓力，尤其是來自 Coinbase Prime 等經紀公司的壓力，這可能會導致比特幣重新陷入整合。

At the time of writing, Bitcoin was trading at $69,608 reflecting a 1.32% loss in the last 24 hours. However, the asset’s trading volume is up by 25.61% and is valued at $51.56 billion.

截至撰寫本文時，比特幣交易價格為 69,608 美元，在過去 24 小時內下跌了 1.32%。然而，該資產的交易量增加了 25.61%，價值 515.6 億美元。

For the premier cryptocurrency, a return to above $73,000 remains much on the card, especially with the potential of sustained ETF flows and the upcoming US elections. If pro-crypto Donald Trump secures a victory on the ballot, Bitcoin should definitely establish a new all-time high with expectations of reaching $90,000-$100,000 at the end of 2024.

對於這種首要的加密貨幣來說，重返 73,000 美元以上的可能性仍然很大，特別是考慮到 ETF 持續流動和即將到來的美國大選的潛力。如果支持加密貨幣的唐納德·川普在選舉中獲勝，比特幣肯定會創下歷史新高，預計到 2024 年底將達到 90,000-100,000 美元。