比特幣（BTC）價格因市場動態變化而面臨短期波動

市場情報公司 CryptoQuant 的分析師指出，比特幣 (BTC) 指標的當前模式表明市場動態可能會改變。

Recent movements in Bitcoin (BTC) metrics have sparked speculation regarding potential shifts in the market dynamics, according to analysts from market intelligence firm CryptoQuant.

市場情報公司 CryptoQuant 的分析師表示，近期比特幣（BTC）指標的變動引發了人們對市場動態潛在變化的猜測。

After a period of gradual decline, spot exchange reserves have notably increased, indicating an inflow of 20,000 BTC. This uptick suggests that more Bitcoin is being deposited into exchanges, often signaling an intention to trade or sell.

經過一段時間的逐步下降後，現貨外匯存底明顯增加，流入了 20,000 BTC。這種上升表明有更多的比特幣被存入交易所，這通常表明有交易或出售的意圖。

This type of behavior may add further selling pressure to the BTC price, which has declined almost 7% over the last two weeks, hinting at an early sign of short-term volatility.

這種行為可能會進一步增加 BTC 價格的拋售壓力，該價格在過去兩週內下跌了近 7%，暗示了短期波動的早期跡象。

Simultaneously, netflows across all exchanges have turned positive, indicating a net increase of 15,800 BTC. This shift from the predominantly negative trend in recent weeks now shows that inflows to exchanges are exceeding outflows.

同時，各交易所淨流量均轉正，淨增加15,800 BTC。最近幾週主要負面趨勢的轉變表明，交易所的資金流入超過了流出。

When combined with rising reserves, this change suggests a higher likelihood of increased trading activity or profit-taking by investors, as analyzed by CryptoQuant.

根據 CryptoQuant 的分析，與儲備增加相結合，這項變更表明交易活動或投資者獲利了結的可能性更高。

While the broader trend in the market has favored accumulation and self-custody, these recent changes may indicate a growing caution among investors, who might be preparing for profit-taking or anticipating a potential price correction.

雖然市場的整體趨勢有利於累積和自我託管，但最近的這些變化可能表明投資者越來越謹慎，他們可能正在準備獲利了結或預期潛在的價格調整。

Moreover, a report by Bloomberg highlights a key metric indicating investor interest in Bitcoin from South Korea, which has risen to a four-month high amid ongoing political turmoil in the East Asian country.

此外，彭博社的一份報告強調了一個關鍵指標，顯示韓國投資者對比特幣的興趣，在這個東亞國家持續的政治動盪中，比特幣的興趣已升至四個月高點。

Trading Volumes Surge As Political Crisis Unfolds

隨著政治危機的展開，交易量激增

This metric, known as the “Kimchi Premium,” gauges the price gap between Bitcoin on South Korean exchange Upbit and Coinbase. Recently, this premium surged to the range of 3-5%, indicating a heightened demand from South Korean investors.

這個指標被稱為“泡菜溢價”，衡量韓國交易所 Upbit 和 Coinbase 上比特幣之間的價格差距。最近，這項溢價飆升至3-5%，顯示韓國投資者的需求增加。

According to the report, the political landscape in South Korea has been tumultuous, especially after President Yoon Suk Yeol's brief and controversial declaration of martial law earlier this month, which lasted only six hours before being rescinded.

報道稱，韓國的政治格局一直動盪不安，特別是在本月早些時候總統尹錫烈短暫且有爭議地宣布戒嚴令之後，該戒嚴令僅持續了六個小時就被撤銷。

The National Assembly then impeached Yoon on December 14, suspending his powers and elevating Prime Minister Han Duck-soo to the role of acting president. In a further development, the parliament voted to impeach Han as well, marking a historic first for an acting president in South Korea.

國會隨後於 12 月 14 日彈劾尹某，暫停權力，並任命總理韓德洙為代總統。進一步發展的是，國會也投票彈劾韓總統，這標誌著韓國代理總統的歷史性首次。

These political upheavals have impacted financial markets, coinciding with increasing economic challenges and nuclear threats from North Korea. The South Korean won has also seen a decline of 0.35% against the US dollar.

這些政治動盪影響了金融市場，同時也伴隨著日益嚴峻的經濟挑戰和北韓的核武威脅。韓元兌美元匯率也下跌了0.35%。

According to Bloomberg, South Korea is known for being one of the most active retail markets for cryptocurrencies, with trading volumes on Korea-based exchanges often exceeding those on traditional stock exchanges.

根據彭博社報道，韓國被譽為最活躍的加密貨幣零售市場之一，韓國交易所的交易量往往超過傳統證券交易所。

Ki Young Ju, founder and CEO of CryptoQuant, highlighted that corporate accounts are not permitted on Korean crypto exchanges, indicating that the vast majority of crypto activity in the country is driven by retail investors.

CryptoQuant 創辦人兼執行長 Ki Young Ju 強調，韓國加密貨幣交易所不允許企業帳戶，這表明該國絕大多數加密貨幣活動都是由散戶投資者推動的。

The Kimchi Premium has become a widely used metric for gauging retail interest in cryptocurrency, and factors like strict currency controls and anti-money laundering (AML) regulations have contributed to this phenomenon.

泡菜溢價已成為衡量加密貨幣零售興趣的廣泛使用的指標，嚴格的貨幣管制和反洗錢 (AML) 法規等因素導致了這一現象。

At the time of writing, BTC is priced at $93,938, having decreased by 2.5% over the last 24 hours, with its closest support level at $92,000 to halt any further decline for the top cryptocurrency in the market.

截至本文撰寫時，BTC 價格為 93,938 美元，在過去 24 小時內下跌了 2.5%，其最近支撐位為 92,000 美元，以阻止市場頂級加密貨幣的進一步下跌。