當土耳其的里拉（Lira

3月19日，伊斯坦布爾市長和埃爾多安總統的競爭對手埃克雷姆·伊瑪莫格魯（Ekrem Imamoglu）被捕，在當地投資者中引起了恐慌。

A snapshot of the data from Binance shows that the trading volume of Bitcoin -lira (BTC/TRY) surged

來自Binance的數據的快照表明，比特幣-LIRA（BTC/TRY）的交易量飆升

On March 19, affected by the domestic turmoil, the exchange rate of Turkish lira (TRY) against the US dollar (USD) fell to a historical low of 41 lira to 1 US dollar, a single-day depreciation of nearly 10%.

3月19日，由於國內動蕩的影響，土耳其里拉（Try）的匯率（try）兌美元（美元）跌至41 lira至1美元的歷史低點，單天折舊近10％。

The direct consequence of the exchange rate plunge was a wave of capital aversion in the crypto market, and the trading volume of Bitcoin-Lira (BTC/TRY) on the Binance platform soared. From 15:00 to 16:00 on March 19, the trading volume of the trading pair reached 93 BTC, the highest level in at least a year. At the same time, partly due to the influence of US macroeconomic policies, the price of Bitcoin also saw a significant increase during this period. As of 8 am on March 20, BTC broke through $87,000, with a daily increase of 2.78%. Some market analysts also believe that Turkey's trading demand stimulated the rise of BTC/USD.

匯率暴跌的直接後果是加密市場中的資本厭惡浪潮，以及二元平台上比特幣-LIRA（BTC/TRY）的交易量飆升。從3月19日的15:00到16:00，交易對的交易量達到93 BTC，這是至少一年來最高水平。同時，部分由於美國宏觀經濟政策的影響，在此期間，比特幣的價格也顯著上漲。截至3月20日上午8點，BTC破產了87,000美元，每天增加2.78％。一些市場分析師還認為，土耳其的交易需求刺激了BTC/USD的興起。

After that, Strategy founder Michael Saylor even posted a chart of the lira’s depreciation on the social media platform X, calling for “trying Bitcoin”, further promoting the market’s attention to BTC as a value storage tool.

之後，戰略創始人邁克爾·賽勒（Michael Saylor）甚至在社交媒體平台X上發布了里拉折舊的圖表，呼籲“嘗試比特幣”，進一步促進了市場對BTC的關注，作為價值存儲工具。

Against the backdrop of the sharp depreciation of the Turkish lira, investors are rapidly turning to Bitcoin and stablecoins to seek a more stable way to store value. This is not an isolated case. Looking back over the past five years, whenever Turkey experienced a currency crisis, the trading volume of Bitcoin and stablecoins in the country mostly showed a surge, which highlights the hedging role of cryptocurrencies as a "safe haven" in countries with unstable currencies.

在土耳其里拉的急劇折舊的背景下，投資者迅速轉向比特幣和穩定幣來尋求一種更穩定的方式來存儲價值。這不是一個孤立的情況。回顧過去五年，每當土耳其遇到貨幣危機時，該國的比特幣和穩定幣的交易量大多都會顯示出激增，這突出了加密貨幣作為不穩定貨幣國家的“避風港”的對沖作用。

How has BTC/TRY volume and Bitcoin performed as the Turkish Lira fell over the past 5 years?

在過去的5年中，土耳其里拉（The The The The The The The The The The The The The The The The The The The Falkish Lira）如何執行BTC/嘗試量？

The Turkish lira has experienced several significant declines against the U.S. dollar in recent years.

近年來，土耳其里拉（Lira）違反了美元的數量下降。

2020: Global epidemic impact and policy mistakes, the lira fell below 7 to 1 dollar

2020年：全球流行病的影響和政策錯誤，里拉（Lira）低於7至1美元

In 2020, the outbreak of the global COVID-19 pandemic had a severe impact on emerging market economies. Turkey's foreign exchange reserves fell rapidly, and the Erdogan government insisted on a low interest rate policy, exacerbating capital outflows. At the end of July, the lira fell below the 7:1 mark against the US dollar. Binance data shows that the daily trading volume of BTC/TRY has increased from 43.79 BTC on July 21 to 60.33 BTC on August 21. By November 7, the lira fell further to 8.43:1 against the US dollar. This year, the cumulative depreciation of the lira throughout the year was close to 26%.

2020年，全球共同19日大流行的爆發對新興市場經濟體有嚴重影響。土耳其的外匯儲備迅速下降，埃爾多安政府堅持較低的利率政策，加劇了資本流出。在7月底，里拉（Lira）跌至7：1兌美元的7：1大關。 Binance數據表明，BTC/TRY的每日交易量已從7月21日的43.79 BTC增加到8月21日的60.33 BTC。到11月7日，Lira進一步降至8.43：1兌美元。今年，里拉的累積折舊接近26％。

Bitcoin performed well in 2020, climbing from $7,194 at the beginning of the year to $28,990 at the end of the year, with an annual increase of 303%. Although the "3.12 crash" on March 12 caused BTC to fall to a low of $4,106, the subsequent strong rebound once again proved the potential of Bitcoin as an anti-inflation asset.

比特幣在2020年表現良好，從年初的7,194美元攀升至年底的28,990美元，每年增長303％。儘管3月12日的“ 3.12崩潰”導致BTC跌至4,106美元，但隨後的強勁反彈再次證明了比特幣作為抗通信資產的潛力。

2021: Central bank turmoil intensifies, lira plunges 17% in a single day

2021年：中央銀行動盪加劇，里拉（Lira）在一天之內暴跌17％

In 2021, Turkey's financial market fell into a crisis of confidence. On March 20, the central bank governor Naci Agbal was suddenly dismissed, causing panic in the market. On March 22, the lira plummeted nearly 17% against the US dollar in a single day, falling to 8.4:1. From then until April 13, Binance BTC/TRY daily trading volume was on an upward trend. During the same period, Google search data showed that Bitcoin searches in Turkey soared by 566%, showing a surge in market demand for BTC as a safe haven. In terms of Bitcoin, the global price of Bitcoin did not rise significantly in March.

2021年，土耳其的金融市場陷入了信心危機。 3月20日，中央銀行州長納西·阿格巴爾（Naci Agbal）突然被解僱，引起了市場的恐慌。 3月22日，里拉（Lira）在一天之內對美元降低了近17％，跌至8.4：1。從那時到4月13日，Binance BTC/嘗試每日交易量一直處於上升趨勢。在同一時期，Google搜索數據顯示，土耳其的比特幣搜索飆升了566％，表明BTC作為避風港的市場需求激增。就比特幣而言，比特幣的全球價格在三月沒有顯著上漲。

On November 23, 2021, Erdogan defended the interest rate cut policy and rejected the orthodox interest rate hike to deal with inflation. Turkey's inflation rate is close to 20%. On November 23, the lira fell by more than 15% in a single day, and fell below 12 to 1 US dollar at the end of November. On November 24, the daily trading volume of BTC/TRY soared to 873.52 BTC.

2021年11月23日，埃爾多安（Erdogan）捍衛了削減利率的政策，並拒絕了正統​​的利率上升以處理通貨膨脹。土耳其的通貨膨脹率接近20％。 11月23日，里拉（Lira）在一天中下降了15％以上，並在11月底下跌低於12至1美元。 11月24日，BTC/嘗試飆升至873.52 BTC的每日交易量。

However, after the lira plummeted this time, Bitcoin did not rise significantly in the global market (BTC/USD) in the short term, and even fell from late November to early December.

但是，這次里拉（Lira）這次暴跌之後，短期內，比特幣在全球市場（BTC/USD）並沒有顯著上升，甚至從11月下旬到12月初下降。

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