加密貨幣市場復甦：2024 年前景看好

加密貨幣市場正在復甦，投資者信心的增強推動了潛在的看漲趨勢。 Bybit 2024 年機構報告顯示，衍生性商品市場活動激增，機構對比特幣和以太坊的投資增加，以及Solana 等新興區塊鏈的崛起，正在挑戰以太坊在交易量和鎖定總價值（TVL）方面的主導地位。

Resurgence of the Crypto Market: A Bullish Outlook for 2024

加密貨幣市場的復甦：2024 年的樂觀前景

The Bybit Institutional Report 2024 paints a compelling picture of a resurgent crypto market, fueled by renewed investor confidence and the emergence of promising new blockchain players.

Bybit 2024 年機構報告描繪了一幅引人注目的加密貨幣市場復甦圖景，這得益於投資者信心的恢復和有前途的新區塊鏈參與者的出現。

Market Momentum Restored

市場動力恢復

After a period of dormancy, the crypto market is regaining traction. The report notes that the overall market capitalization has witnessed a remarkable surge, from approximately $1 trillion in October 2023 to over $2.5 trillion by March 2024's conclusion. This upswing signals a potential bullish trend, supported by increased on-chain activity and growing institutional interest.

經過一段時間的休眠後，加密貨幣市場正在重新獲得吸引力。報告指出，整體市值大幅飆升，從 2023 年 10 月的約 1 兆美元增至 2024 年 3 月的超過 2.5 兆美元。這種上漲預示著潛在的看漲趨勢，並受到鏈上活動增加和機構興趣增長的支持。

Emerging Blockchains Disrupting Ethereum's Reign

新興區塊鏈顛覆以太坊的統治

The report highlights the growing relevance and potential of emerging blockchains. The native tokens of these challenger platforms have exhibited substantial growth, surpassing the performance of Ethereum, the current market leader. Solana (SOL) stands out as a prime example, consistently challenging Ethereum's dominance in transaction volume and Total Value Locked (TVL). This trend suggests a potential shift in the blockchain landscape, with new players gaining traction.

該報告強調了新興區塊鏈日益增長的相關性和潛力。這些挑戰者平台的原生代幣表現出了大幅成長，超過了當前市場領導者以太坊的表現。 Solana（SOL）就是一個典型的例子，它不斷挑戰以太坊在交易量和鎖定總價值（TVL）方面的主導地位。這一趨勢顯示區塊鏈格局可能發生轉變，新參與者正在獲得關注。

Derivatives Market Exudes Bullish Sentiment

衍生性商品市場瀰漫看漲情緒

A positive outlook extends to the derivatives market, as evidenced by increased on-chain activity for Bitcoin (BTC) and Ethereum (ETH). The report indicates that the long-term call-put skews over the 30 days in March 2024 reveal a notably bullish sentiment, suggesting that investors maintain a generally optimistic outlook on the long-term price potential of these crypto majors.

比特幣（BTC）和以太坊（ETH）的鏈上活動增加證明了衍生性商品市場的正面前景。該報告指出，2024 年 3 月 30 天內的長期看漲期權偏態揭示了明顯的看漲情緒，表明投資者對這些加密貨幣專業的長期價格潛力保持普遍樂觀的前景。

Institutional Interest in Bitcoin Ecosystem and AI

機構對比特幣生態系統和人工智慧的興趣

Institutional crypto investment behavior reveals growing interest in projects within the Bitcoin ecosystem and the Artificial Intelligence (AI) field. Bitcoin's low correlation with traditional investments like stocks and bonds makes it an attractive asset for diversification and risk management within stock-heavy portfolios.

機構加密貨幣投資行為顯示人們對比特幣生態系統和人工智慧（AI）領域內的項目越來越感興趣。比特幣與股票和債券等傳統投資的相關性較低，使其成為以股票為主的投資組合中多元化和風險管理的有吸引力的資產。

Venture Capital Funding Soars

創投資金猛增

The crypto industry is witnessing a surge in Venture Capital (VC) funding. During the final quarter of 2023, funding deals increased by 21% to reach 174 transactions, with disclosed funding amounts totaling $1.42 billion. Q1 2024 witnessed an additional surge, with 243 deals securing $1.94 billion in disclosed investments, marking a 36% rise compared to Q4 2023.

加密產業見證了創投（VC）資金的激增。 2023 年最後一個季度，融資交易增加 21%，達到 174 筆，揭露的融資金額總計 14.2 億美元。 2024 年第一季的揭露投資金額進一步激增，有 243 筆交易獲得了 19.4 億美元的投資，比 2023 年第四季成長了 36%。

Infrastructure Projects Attract VC Attention

基礎設施項目吸引創投關注

A significant portion of venture capital investments is directed towards infrastructure projects that build essential blockchain ecosystem components. These initiatives include hardware wallets, blockchain data providers, and solutions for industry obstacles. As traditional finance merges with crypto investments, newcomers and seasoned TradFi participants alike encounter increasing challenges.

創投的很大一部分針對建構重要的區塊鏈生態系統組件的基礎設施項目。這些舉措包括硬體錢包、區塊鏈數據提供商以及行業障礙的解決方案。隨著傳統金融與加密投資的融合，新手和經驗豐富的 TradFi 參與者都面臨越來越多的挑戰。

Upcoming Catalysts for Crypto Bull Run

加密貨幣牛市即將到來的催化劑

The report identifies the launch of Exchange-Traded Funds (ETFs) and the upcoming Bitcoin halving as the primary drivers for the next crypto bull run in 2024. ETFs provide a regulated avenue for institutional and retail investors to gain exposure to the crypto market, while the halving event is expected to reduce Bitcoin's supply, potentially driving its price higher.

該報告指出，交易所交易基金(ETF) 的推出和即將到來的比特幣減半是2024 年下一次加密牛市的主要驅動力。同時減半事件預計將減少比特幣的供應，可能會推高其價格。

Conclusion

結論

The Bybit Institutional Report 2024 is a comprehensive and insightful analysis of the crypto market's current state and future prospects. The report's findings point to a bullish outlook, with emerging blockchains, growing institutional interest, and a surge in VC funding fueling the market's resurgence. As the crypto market continues to evolve and mature, investors should remain informed and consider the potential opportunities and risks associated with this burgeoning asset class.

Bybit 2024 年機構報告對加密貨幣市場的現狀和未來前景進行了全面而富有洞察力的分析。該報告的調查結果表明前景樂觀，新興的區塊鏈、機構興趣的增長以及風險投資資金的激增推動了市場的復甦。隨著加密貨幣市場的不斷發展和成熟，投資者應隨時了解情況並考慮與這個新興資產類別相關的潛在機會和風險。