Polkadot 國債儲備跌至歷史低點

自 2024 年第一季 DOT 升至 10 美元左右以來，不屈不撓的空頭一直在迫使價格走低，耗盡了 Polkadot 的國債儲備。

Polkadot (DOT) prices have been battered by the 2024 bear market, impacting the blockchain’s war chest. After rising to highs above $9 in Q1, prices have failed to inspire bulls.

Polkadot (DOT) 的價格受到 2024 年熊市的打擊，影響了區塊鏈的資金。在第一季升至 9 美元以上的高點後，價格未能激發多頭的興趣。

Now, as bears continue to push prices lower, depleting the Polkadot (DOT) Treasury Reserves, a critical level of support could determine the next trend.

現在，隨著空頭繼續壓低價格，耗盡 Polkadot (DOT) 國債儲備，關鍵的支撐水平可能會決定下一個趨勢。

DOT Prices Critical Support, Treasury Reserves At All-Time Lows

DOT 物價關鍵支撐，國債儲備處於歷史低點

Unyielding bears have been forcing prices lower over the months since DOT last rose to around $10 in Q1 2024, depleting the Polkadot Treasury Reserves.

自 DOT 上次在 2024 年第一季升至 10 美元左右以來，幾個月來，不屈不撓的空頭一直在迫使價格走低，耗盡了 Polkadot 的國債儲備。

One observer on X noted that, as of early November, the reserves stood at all-time lows. However, it could get worse for Polkadot if the bears of Q3 2024 flow back, forcing prices below local support levels.

X 的一位觀察家指出，截至 11 月初，儲備處於歷史最低水準。然而，如果 2024 年第三季的空頭回流，迫使價格低於當地支撐位，那麼 Polkadot 的情況可能會變得更糟。

DOT Daily Price Chart

DOT 每日價格圖表

The daily chart shows that DOT has critical support at around $3.8. This level marks September and October lows. On the other hand, the coin is facing strong liquidation pressure at $4.6 and $5.

日線圖顯示，DOT 在 3.8 美元附近有關鍵支撐。該水平標誌著九月和十月的低點。另一方面，該幣在 4.6 美元和 5 美元處面臨強大的清算壓力。

As the coin ranges, the direction of the breakout could shape the short—to medium-term trend but also impact the Polkadot Treasury.

隨著代幣的波動，突破的方向可能會影響中短期趨勢，但也會影響 Polkadot 金庫。

DOT Prices May Determine Treasury Fate

DOT 價格可能決定國債的命運

A lot depends on whether DOT prices will recover, which will, in turn, help the Polkadot Treasury reserves recover. Technically, prices play a big role. When bulls take over, the reserve, denominated in DOT, increases in USD terms, easing pressure on the team.

很大程度上取決於 DOT 價格是否會恢復，這反過來又會幫助 Polkadot 財政部儲備恢復。從技術上講，價格起著很大的作用。當多頭接手時，以 DOT 計價的儲備金以美元計算會增加，從而緩解團隊的壓力。

To further increase inflows into the Treasury Reserves, the Polkadot community passed a policy to reduce inflation. Specifically, the community voted to drop DOT annual inflation from 10% to 8%.

為了進一步增加流入國庫儲備的資金，Polkadot 社區通過了一項降低通貨膨脹的政策。具體來說，社區投票決定將 DOT 年通膨率從 10% 降至 8%。

With low inflation and sustained on-chain demand, DOT prices may find support. Additionally, 15% of staking rewards distributed from stakers will be moved to the Treasury.

由於低通膨和持續的鏈上需求，DOT 價格可能會得到支撐。此外，質押者分配的質押獎勵的 15% 將轉移到財政部。

The analyst predicts that these changes could boost the Treasury by adding 1.5 million DOT. This will be the much-needed infusion of funds that may increase the Treasury Reserves after months of low income.

分析師預測，這些變化可能會增加 150 萬個 DOT，從而提振財政部。這將是急需的資金注入，可能會在經歷數月的低收入之後增加國庫儲備。

Polkadot (DOT) Treasury Funds Depleted

Polkadot (DOT) 國庫資金耗盡

The team could build better and even strike quality partnerships, improving the blockchain’s ecosystem. Based on H1 2024 data, the team spent most on outreach, while nearly 27% went to development.

該團隊可以建立更好的甚至建立高品質的合作夥伴關係，從而改善區塊鏈的生態系統。根據 2024 年上半年的數據，團隊將大部分支出用於外展，而近 27% 用於開發。

The rest was split between funding research, operations, talent, and the economy. Given the valuation in the year’s first half, they spent $87 million, or around 11 million DOT, in total.

其餘部分用於資助研究、營運、人才和經濟。考慮到今年上半年的估值，他們總共花了 8,700 萬美元，約 1,100 萬個 DOT。