CryptoQuant 執行長表示，比特幣流動性數據暗示 BTC 價格可能創下歷史新高

鏈上分析供應商 CryptoQuant 的創辦人兼執行長 Ki Young Ju 表示，比特幣流動性數據暗示 BTC 價格可能創下歷史新高。

on-chain analytics provider CryptoQuant says that Bitcoin liquidity data could be hinting at an all-time-high for the BTC price.

鏈上分析供應商 CryptoQuant 表示，比特幣流動性數據可能暗示 BTC 價格創下歷史新高。

“Stablecoins alone can't provide enough buy-side liquidity for Bitcoin,” the firm's founder and CEO Ki Young Ju wrote on X.

該公司創始人兼首席執行官 Ki Young Ju 在 X 上寫道：“僅靠穩定幣無法為比特幣提供足夠的買方流動性。”

According to CryptoQuant, the BTC-to-stablecoin ratio is currently 6.05, indicating that BTC reserves are six times higher than stablecoins. This ratio was also seen during BTC's last all-time-high.

根據 CryptoQuant 的數據，目前 BTC 與穩定幣的比率為 6.05，這表明 BTC 儲備是穩定幣的六倍。在比特幣上一次創下歷史新高期間也出現了這個比率。

CryptoQuant says that this ratio is crucial because it determines the amount of BTC that can be purchased with stablecoins. For instance, if a user wants to buy BTC with Tether (CRYPTO: USDT) and the BTC-to-stablecoin ratio is 2, then they can buy two BTC with 1,000 USDT.

CryptoQuant 表示，這個比率至關重要，因為它決定了可以用穩定幣購買的 BTC 數量。例如，如果用戶想用 Tether（加密貨幣：USDT）購買 BTC，而 BTC 與穩定幣的比率為 2，那麼他們可以用 1,000 USDT 購買 2 個 BTC。

However, if the ratio increases to 6, then the user can only buy 1.6 BTC with 1,000 USDT, showcasing how higher liquidity is needed for BTC to reach new all-time-highs.

然而，如果該比率增加到6，那麼用戶只能用1000 USDT購買1.6 BTC，這說明BTC需要更高的流動性才能達到歷史新高。

BTC price struggles to break through: Bitcoin price hit $70,000 on Tuesday and continued rising that day to reach a multi-month high of $73,600. In doing so, it came within $150 of breaking its March all-time-high of $73,740.

比特幣價格難以突破：比特幣價格週二觸及 7 萬美元，當天繼續上漲，達到數月高點 73,600 美元。這樣一來，它距離突破 3 月歷史高點 73,740 美元僅差 150 美元。

However, it failed to do so, despite the community largely anticipating this to occur at any given moment, and began losing its value gradually.

然而，儘管社區很大程度上預計這種情況會在任何特定時刻發生，但它並沒有這樣做，並開始逐漸失去其價值。

The most substantial correction occurred on Friday morning when it dumped below $69,000 to lose three grand within hours.

最大幅度的調整發生在周五早上，當時價格跌破 69,000 美元，幾個小時內損失了三倍。

Bulls stepped up during the trading day, with Bitcoin climbing to $71,500 following the weaker-than-expected U.S. jobs report for October.

在美國 10 月就業報告弱於預期後，多頭在交易日內走強，比特幣攀升至 71,500 美元。

It once again failed at that point and now trades around two grand lower. At press time, Bitcoin trades at $69,610.

在那一點上它再次失敗，現在交易價格大約低了兩倍。截至發稿時，比特幣交易價格為 69,610 美元。

BlackRock still bullish: The sell-off comes as broader market dynamics played out, with Bitcoin spot ETFs seeing a net outflow of $54.9 million on Nov. 1, following a week of net inflows.

貝萊德仍然看漲：隨著更廣泛的市場動態顯現，比特幣現貨 ETF 在經歷一周的淨流入後，於 11 月 1 日出現 5,490 萬美元的淨流出，引發拋售。

However, BlackRock’s IBIT still saw strong demand, with a record $875 million single-day inflow on Oct. 30.

不過，貝萊德的 IBIT 需求依然強勁，10 月 30 日單日資金流入創紀錄的 8.75 億美元。

Collectively, spot Bitcoin ETFs saw inflows of $917.2 million on that day, marking the highest since March. Despite this sustained investor interest, Bitcoin's price fell below $70,000 on Friday.

總體而言，當日現貨比特幣 ETF 資金流入達 9.172 億美元，創下 3 月以來的最高水準。儘管投資者的興趣持續存在，比特幣的價格在周五還是跌破了 7 萬美元。