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比特幣活躍地址從 2024 年初的 117 萬下降到 85.5 萬,下降了 27%。以太坊上的活躍地址數量也從 382K 減少到 312K,減少了 18%。
The crypto market has seen a declining trend of active addresses in the BTC and ETH markets.
加密貨幣市場中,BTC和ETH市場的活躍位址呈現下降趨勢。
Data provided by CryptoQuant and highlighted by the crypto analyst Burak Kesmeci shows that the number of active Bitcoin and Ethereum addresses has been steadily declining; this phenomenon may have a profound impact on the further development of the market.
CryptoQuant 提供的數據以及加密貨幣分析師 Burak Kesmeci 強調的數據顯示,活躍的比特幣和以太坊地址數量一直在穩步下降;這種現象可能會對市場的進一步發展產生深遠的影響。
Since early 2024, active Bitcoin and Ethereum addresses have been declining
自 2024 年初以來,活躍的比特幣和以太坊地址一直在下降
“For the bulls to dominate the market, the influx of new investors is a crucial condition.
「對於多頭統治市場來說,新投資者的湧入是至關重要的條件。
1. Bitcoin 1.17M -> 855K
1. 比特幣 117萬 -> 85.5萬
2. Ethereum 382K -> 312K”
2. 以太坊 382K -> 312K”
– By @burak_kesmeci
——@burak_kesmeci
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The active address for Bitcoin has fallen from 1.17M at the beginning of 2024 to 855K, a 27% loss. The number of active addresses on Ethereum has also decreased from 382K to 312K, a decrease of 18%. This reduced participation is alarming for bullish investors, particularly when new participants boost the market and price appreciation.
比特幣活躍地址從 2024 年初的 117 萬下降到 85.5 萬,下降了 27%。以太坊上的活躍地址數量也從 382K 減少到 312K,減少了 18%。參與度的減少對於看漲的投資者來說是令人震驚的,特別是當新的參與者推動市場和價格升值時。
As Burak Kesmeci points out, although investors show more interest in spot ETFs, this has not been accompanied by increasing numbers of new entrants, which means that existing investors are simply recycling liquidity without bringing fresh investors into the markets.
正如Burak Kesmeci 指出的那樣,儘管投資者對現貨ETF 表現出更大的興趣,但這並沒有伴隨著新進入者數量的增加,這意味著現有投資者只是在回收流動性,而沒有將新投資者帶入市場。
The approval of spot ETFs is anticipated to attract more active addresses, but the so-called ‘hype’ has not followed. The decrease in address activity may be signaling that retail investors, who drive market booms, are yet to make their entry into the crypto sphere.
現貨ETF的批准預計將吸引更多活躍地址,但所謂的「炒作」並沒有隨之而來。地址活動的減少可能表明推動市場繁榮的散戶投資者尚未進入加密貨幣領域。
Some of these sources of stagnation are also attributed to external macroeconomic factors. As Kesmeci underlines, the Federal Reserve’s ongoing Quantitative Tightening (QT) measures that started years ago and continue to remove liquidity from the financial system are the primary reasons for stagnation. Since liquidity is expected to remain tight, the expected increase in activity after the Fed’s first cut has not occurred.
其中一些停滯根源也歸因於外部宏觀經濟因素。正如凱斯梅奇所強調的,聯準會多年前開始實施的量化緊縮(QT)措施持續消除金融體系的流動性,是經濟停滯的主要原因。由於預計流動性仍將緊張,聯準會首次降息後預期的活動增加並未出現。
According to Kesmeci, though there are some rises in the M2 money supply, they have not been adequate to counterbalance the QT measures by the Fed. For this reason, crypto markets have not received the amount of new capital as many expected. But there is a growing hope that things will improve in the future. The analyst critiques that the moment when the Fed returns to QE (quantitative easing), the crypto market could expect a similar turn in activity and price increase.
Kesmeci表示,儘管M2貨幣供應量增加,但不足以抵銷聯準會的量化寬鬆措施。因此,加密貨幣市場並未像許多人預期的那樣獲得大量新資本。但人們越來越希望未來情況會有所改善。該分析師批評說,當聯準會重返 QE(量化寬鬆)時,加密貨幣市場可能會出現類似的活動轉變和價格上漲。
Without new retail investors, the bullish potential of the market might continue to be weak even with the institutional investors’ influx. Nevertheless, there are expectations of changes in the monetary policy that could give new life to the crypto market later in the year. The market is now just waiting for a more favorable macroeconomic environment for there to be renewed interest and growth.
如果沒有新的散戶投資者,即使機構投資者湧入,市場的看漲潛力也可能繼續疲軟。儘管如此,人們預計貨幣政策的變化可能會在今年稍後為加密貨幣市場帶來新的活力。市場現在只是等待更有利的宏觀經濟環境來重新激發興趣和成長。
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