CryptoQuant 報告顯示，比特幣牛市儘管下跌，但仍泰然自若

在最近比特幣價格下跌的情況下，一份新報告顯示加密貨幣牛市還遠遠沒有結束。鏈上情報公司 CryptoQuant 分析了投資流，發現新投資者的資金流入比例低於先前價格高峰的水平。這與其他指標一起表明當前的價格回調是一次修正，而不是牛市的結束。

Bitcoin's Bullish Run Continues Despite Recent Pullback: CryptoQuant Report

儘管最近出現回調，但比特幣的看漲仍在繼續：CryptoQuant 報告

Introduction

介紹

The recent surge in Bitcoin's value, which peaked at an all-time high of $73,000 in March, sparked questions about the longevity of the cryptocurrency's bullish momentum. However, a recent report from CryptoQuant, an on-chain intelligence firm, suggests that the Bitcoin bull market is far from over.

比特幣價格近期飆升，在 3 月達到歷史新高 73,000 美元，引發了人們對加密貨幣看漲勢頭能否持續的質疑。然而，鏈上情報公司 CryptoQuant 最近的一份報告表明，比特幣牛市還遠遠沒有結束。

CryptoQuant's Report: Bull Season Far from Finish Line

CryptoQuant 的報告：牛市離終點線還很遠

The report, released last week, analyzed investment flows into Bitcoin and concluded that the bull season is still in its infancy. It highlighted several key factors that support this assertion.

上週發布的報告分析了比特幣的投資流量，得出的結論是牛市仍處於起步階段。它強調了支持這一主張的幾個關鍵因素。

Firstly, the report notes that the inflow of new investment into Bitcoin from retail investors remains relatively low. This is in contrast to previous bull markets, where up to 92% of cash flow originated from new buyers. Currently, only 48% of Bitcoin's inflows are attributed to new investors.

首先，報告指出，散戶投資者對比特幣的新投資流入仍然相對較低。這與之前的多頭市場形成鮮明對比，之前的牛市高達 92% 的現金流來自新買家。目前，只有 48% 的比特幣流入來自新投資者。

Secondly, the report examines price valuation metrics and finds that they are below levels observed during previous bull market peaks. This indicates that Bitcoin is not yet overvalued and has room for further growth.

其次，該報告檢視了價格估值指標，發現它們低於先前牛市高峰期間觀察到的水平。這表明比特幣尚未被高估，並且還有進一步增長的空間。

Bitcoin's Recent Pullback: A Correction, Not a Reversal

比特幣最近的回調：修正，而不是逆轉

The report interprets the recent pullback in Bitcoin's price as a temporary correction rather than a sign of a market reversal. Kafkas Sönmez, Global Growth Director at Gate.io, compares the current situation to a similar correction Bitcoin experienced in 2019.

該報告將比特幣價格最近的回調解釋為暫時的調整，而不是市場逆轉的跡象。 Gate.io 全球成長總監 Kafkas Sönmez 將當前情況與 2019 年比特幣經歷的類似調整進行了比較。

"In 2019, Bitcoin underwent a significant correction, losing up to 52% of its value," Sönmez notes. "However, it subsequently rebounded and gained over 400% since then. We believe it is crucial for investors to remain optimistic about the future of the market and view this pullback as a profit-taking opportunity."

Sönmez 指出：“2019 年，比特幣經歷了大幅調整，價值損失高達 52%。” “但隨後反彈，漲幅超過400%。我們認為，投資者對市場未來保持樂觀並將此次回調視為獲利了結機會至關重要。”

Bitcoin Millionaires and Whale Activity

比特幣百萬富翁和鯨魚活動

Sönmez also highlights the significant wealth created during Bitcoin's bull season. A report released at the time of Bitcoin's $73,000 peak estimated that 1,500 new millionaires were minted each day.

桑梅斯也強調了比特幣牛市期間創造的巨大財富。比特幣價格達到 73,000 美元高峰時發布的一份報告估計，每天新增 1,500 名百萬富翁。

"While the identities of these individuals remain unknown due to the privacy of wallets, it demonstrates the potential of Bitcoin as a tool for rapid wealth accumulation," Sönmez says.

「雖然由於錢包的隱私性，這些人的身份仍然未知，但這表明了比特幣作為快速財富積累工具的潛力，」桑梅斯說。

He adds that the slow growth in Bitcoin millionaires is primarily attributed to profit-taking by whales and the influx of new investors who have yet to enter the market.

他補充說，比特幣百萬富翁的緩慢增長主要歸因於鯨魚的獲利了結以及尚未進入市場的新投資者的湧入。

Upcoming Halving Event: A Potential Catalyst

即將到來的減半事件：潛在的催化劑

Sönmez reminds investors of the upcoming halving event, scheduled for mid-April. This event will reduce the rewards given to miners by 50%, potentially leading to a supply shortage and increased demand for Bitcoin.

Sönmez 提醒投資者即將於 4 月中旬舉行的減半活動。該事件將使礦工的獎勵減少 50%，可能導致比特幣供應短缺和需求增加。

"If Bitcoin's price remains at current levels, the halving event could provide further impetus for price appreciation," Sönmez says.

「如果比特幣的價格保持在當前水平，減半事件可能會進一步推動價格上漲，」桑梅斯說。

In conclusion, the CryptoQuant report suggests that the Bitcoin bull season is far from over, despite the recent pullback. Factors such as low investment inflow from new investors, undervaluation metrics, and the upcoming halving event indicate that Bitcoin has potential for continued growth.

總之，CryptoQuant 報告表明，儘管最近有所回落，但比特幣牛市還遠未結束。新投資者的投資流入量較低、估值被低估以及即將到來的減半事件等因素表明比特幣具有持續成長的潛力。