新報告稱，比特幣、以太幣、Solana 的反彈不應讓投資者誤以為所有加密貨幣在牛市中都會表現同樣出色

一份新報告發現，比特幣 BTC/USD、以太坊 ETH/USD 和 Solana SOL/USD 的持續上漲不應讓投資者相信所有加密貨幣在牛市中都會表現同樣出色。

As the crypto market rally continues, with Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) leading the charge, investors should not assume that all cryptocurrencies will perform equally well during a bull run, a recent report by 10x Research has stated.

10x Research 最近的一份報告指出，隨著加密貨幣市場持續上漲，比特幣(BTC)、以太幣(ETH) 和Solana (SOL) 領漲，投資者不應認為所有加密貨幣在牛市期間都會表現同樣出色。

The report advises investors to focus on specific assets that have demonstrated resilience and growth potential during the rally. For instance, Solana proxies Jito (JTO) and Jupiter (JUP) have outperformed with weekly gains of 24% and 16%, respectively, aligning with SOL-USDT's strong performance.

該報告建議投資者關注在反彈期間表現出韌性和成長潛力的特定資產。例如，Solana 代理 Jito (JTO) 和 Jupiter (JUP) 的表現優於大盤，週漲幅分別為 24% 和 16%，與 SOL-USDT 的強勁表​​現一致。

Meanwhile, Ethereum proxies have also seen significant gains, with Ethena (ENA) achieving a 37% increase.

同時，以太坊代理也取得了顯著成長，Ethena (ENA) 實現了 37% 的成長。

Despite Ethereum not being the central focus in this rally, 10x Research points to signs of a possible bottom, supported by weekly stochastics indicators.

儘管以太坊不是這次反彈的焦點，但 10x Research 指出，在每週隨機指標的支持下，以太坊可能出現觸底跡象。

“The day when BlackRock's marketing team launches an Ethereum ETF push is drawing closer,” the report adds, suggesting a potential boost to Ethereum's standing as interest in ETFs grows.

報告補充稱，“貝萊德行銷團隊推出以太坊 ETF 的日子越來越近了”，這表明隨著人們對 ETF 興趣的增長，以太坊的地位可能會得到提升。

The report highlights the convergence of crypto with traditional finance, predicting that regulatory developments in the U.S. could further stimulate institutional interest in cryptocurrencies.

該報告強調了加密貨幣與傳統金融的融合，預測美國的監管發展可能會進一步刺激機構對加密貨幣的興趣。

Ethereum, being the largest decentralized smart contract platform, is well-positioned to continue driving use cases with greater regulatory clarity.

以太坊作為最大的去中心化智慧合約平台，處於有利地位，可以繼續以更明確的監管推動用例。

The report also notes that Ethereum's appeal will be bolstered by lower gas fees following the anticipated Dencun upgrade in March 2024, potentially attracting more network validators and staking participants.

該報告還指出，預計 2024 年 3 月進行的 Dencun 升級後，汽油費的降低將增強以太坊的吸引力，從而可能吸引更多的網路驗證者和質押參與者。

Bitcoin's market movements are also being closely watched by investors. According to the report, Bitcoin ETFs have recorded $1.4 billion in inflows, bringing the total inflows to over $25 billion this year.

比特幣的市場走勢也受到投資者的密切關注。報告顯示，比特幣 ETF 已錄得 14 億美元的資金流入，使今年的總資金流入超過 250 億美元。

This trend indicates genuine buying interest, with Bitcoin spot ETFs alone seeing $5.1 billion in inflows. Low funding rates suggest this influx is largely from long-only buyers, leading to a potential squeeze in Bitcoin.

這一趨勢顯示了真正的購買興趣，光是比特幣現貨 ETF 就有 51 億美元的流入。低融資利率表明，資金流入主要來自做多買家，導致比特幣可能受到擠壓。

The demand for calls over puts on Bitcoin reflects strong bullish sentiment.

對比特幣看漲期權而非看跌期權的需求反映了強烈的看漲情緒。

“Bitcoin Skew, the spread between implied volatility for puts versus calls, continues to fall, reflecting stronger demand for upside exposure over concerns about downside risk,” the report states.

報告指出，“比特幣偏斜，即看跌期權與看漲期權隱含波動率之間的利差，繼續下降，反映出對下行風險擔憂的上行敞口需求更強。”

Bitcoin's volatility dynamics could shift as spot ETFs gain prominence, possibly leading investors toward higher-beta cryptocurrencies like Ethereum.

隨著現貨 ETF 的日益普及，比特幣的波動動態可能會發生變化，這可能會導致投資者轉向以太坊等更高貝塔值的加密貨幣。

The report also identifies an uptick in retail trading activity in South Korea, with tokens like UXLINK (UXLINK) seeing substantial trading volume.

報告也指出，韓國零售交易活動增加，UXLINK（UXLINK）等代幣的成交量很大。

As the token outpaced popular cryptocurrencies such as Dogecoin (DOGE) and Bitcoin on Korean exchanges, it adds a layer of volatility to the market landscape.

由於該代幣在韓國交易所的表現超過了狗狗幣（DOGE）和比特幣等流行的加密貨幣，這為市場格局增添了一層波動性。

This rally is unfolding amid institutional inflows and increased interest in core cryptocurrencies.

此次反彈是在機構資金流入和對核心加密貨幣興趣增加的背景下展開的。

10x Research suggests that as institutional mandates expand, attention will likely consolidate around major cryptocurrencies, notably Bitcoin, Ethereum and Solana.

10x 研究表明，隨著機構授權的擴大，注意力可能會集中在主要加密貨幣上，特別是比特幣、以太坊和 Solana。

These assets are not only leading the market but are also positioned to drive the crypto market cap to new highs.

這些資產不僅引領市場，還將推動加密貨幣市值創下新高。

For further exploration of these trends and strategies, Benzinga's Future of Digital Assets event on Nov. 19 will bring together industry leaders to discuss the future of cryptocurrency investments amidst regulatory shifts and market changes.

為了進一步探索這些趨勢和策略，Benzinga 於 11 月 19 日舉辦的數位資產未來活動將匯集行業領袖，討論監管轉變和市場變化中加密貨幣投資的未來。