比特幣市場回檔：「20牛市」的迴響，「乾粉」的重要性

面對比特幣近期從 74,000 美元高峰下跌的情況，一些分析師將其與 2020 年牛市相提並論，表明當前的回檔可能會成為類似飆升的催化劑。他們指出了價格回調和隨後反彈的模式，以及最近鑄造的數十億穩定幣，這些穩定幣被視為市場潛在流動性和購買力的指標。

Bitcoin's Market Retreat: Echoes of the 2020 Bull Run and the Importance of "Dry Powder"

比特幣市場回檔：2020年牛市的迴響與「乾粉」的重要性

In the wake of Bitcoin's recent decline from its all-time high of approximately $74,000, analysts urge investors to maintain composure and view this market correction as a potential buying opportunity. While Bitcoin prices have faced downward pressure, trickling lower in recent trading periods, the underlying dynamics suggest a semblance to the cyclical nature observed during the 2020 bull run.

在比特幣最近從約 74,000 美元的歷史高點下跌之後，分析師敦促投資者保持冷靜，並將市場調整視為潛在的買入機會。儘管比特幣價格面臨下行壓力，在最近的交易期間不斷走低，但其潛在動態表明與 2020 年牛市期間觀察到的周期性性質相似。

Echoes of the 2020 Bull Run

2020年多頭市場的迴聲

Amidst the current downward trend, analysts draw parallels to the behavior of Bitcoin prices in 2020. During that time, a significant price drop shook out weak holders, creating a foundation for a subsequent bull run that propelled the cryptocurrency decisively above its previous all-time high of $20,000. The analyst postulates that the retracement preceding the breakout served as a catalyst for the legendary bull run, ultimately driving Bitcoin to unprecedented levels near $70,000.

在當前的下跌趨勢中，分析師將比特幣價格的表現與2020 年的情況進行了比較。在那段時間，價格的大幅下跌震動了弱勢持有者，為隨後的牛市奠定了基礎，推動加密貨幣的價格明顯高於先前的歷史記錄最高可達20,000美元。這位分析師推測，突破前的回檔是傳奇牛市的催化劑，最終將比特幣推升至接近 7 萬美元的前所未有的水平。

Based on this historical comparison, the analyst posits that the current market conditions may present an opportune time for accumulation at spot levels. However, investors are advised to exercise caution until a clear trend emerges and the current bearish formation dissipates. Currently, BTC faces strong resistance in the $71,700 to $72,000 liquidation zone, reflecting last week's highs.

根據這個歷史比較，分析師認為當前的市場狀況可能是現貨水準吸籌的最佳時機。然而，建議投資者謹慎行事，直到出現明確的趨勢並且當前的看跌格局消散。目前，BTC 在 71,700 美元至 72,000 美元清算區域面臨強勁阻力，該區域反映了上週的高點。

The Significance of "Dry Powder"

「乾粉」的意義

Beyond technical candlestick formations, another analyst draws attention to the recent issuance of large volumes of stablecoins by Tether Holdings (the issuer of USDT) and Circle (the issuer of USDC). On April 2, Tether minted 1 billion USDT on Tron, while Circle issued 250 million USDC on Solana.

除了技術燭台形態之外，另一位分析師還提請注意 Tether Holdings（USDT 發行人）和 Circle（USDC 發行人）最近發行的大量穩定幣。 4 月 2 日，Tether 在 Tron 上發行了 10 億 USDT，而 Circle 在 Solana 上發行了 2.5 億 USDC。

The analyst interprets this development as an indication of "plenty of dry powder" within the crypto markets. Stablecoins, such as USDT and USDC, provide stability and serve as a haven for crypto holders during price downturns. However, they also act as channels for liquidity from traditional markets, allowing users to gain exposure to crypto assets or participate in activities like decentralized finance (DeFi).

分析師將這一發展解釋為加密貨幣市場中「大量乾粉」的跡象。 USDT 和 USDC 等穩定幣提供穩定性，並在價格下跌期間成為加密貨幣持有者的避風港。然而，它們也充當傳統市場流動性的管道，使用戶能夠接觸加密資產或參與去中心化金融（DeFi）等活動。

Historically, significant stablecoin mints have often been associated with subsequent price increases. This observation suggests the potential for a positive market reaction in the near future.

從歷史上看，大量的穩定幣鑄幣往往與隨後的價格上漲有關。這項觀察結果表明，在不久的將來市場可能會出現積極的反應。

In conclusion, while Bitcoin's recent price retreat has raised concerns among some traders, analysts point to the cyclical nature of prices and the historical parallels with the 2020 bull run as reasons for optimism. Additionally, the recent issuance of stablecoins, seen as a measure of "dry powder" within the market, further supports the notion that the current correction may be a temporary setback in an otherwise bullish long-term trend.

總而言之，雖然比特幣最近的價格回落引起了一些交易員的擔憂，但分析師指出，價格的周期性以及與 2020 年牛市的歷史相似之處是樂觀的理由。此外，最近發行的穩定幣被視為市場內「乾粉」的衡量標準，進一步支持了這樣一種觀點，即當前的調整可能是長期看漲趨勢中的暫時挫折。