穩定蛋白的供應量顯著上升，這激發了人們對加密牛市繼續其動力的信心

比特幣的最新激增遵循了這種模式，本週早些時候下跌低於77000美元，它在3月15日彈回到了84352美元

The crypto market continues to display strength, with a significant rise in the supply of stablecoins fueling confidence that the bull market has more room to run.

加密貨幣市場繼續展現出力量，斯塔黴素的供應量顯著上升，這加劇了對牛市有更多運行空間的信心。

According to DeFiLlama data, the total market capitalization of crypto surged to $228.98 billion by 15 March. This growth suggests liquidity remains strong, with investors keeping funds in digital assets rather than cashing out.

根據Defillama數據，到3月15日，加密貨幣的總市值飆升至2289.8億美元。這種增長表明，流動性仍然很大，投資者將資金保留在數字資產中而不是兌現。

Crypto analytics firm IntoTheBlock reported on 14 March that stablecoin supply frequently reaches its highest levels when the broader crypto market is near its peaks. Back in April 2022, the supply hit a previous high of $187 billion, coinciding with a major cycle before the market experienced a downturn.

加密分析公司Intotheblock於3月14日報導說，當更廣泛的加密市場接近其高峰時，Stablecoin供應經常達到其最高水平。早在2022年4月，該供應就達到了先前的1,870億美元，與市場經歷了低迷之前的主要周期相吻合。

As stablecoin supply now exceeds past records and continues to grow, analysts indicate that the market may not have reached its peak yet.

隨著Stablecoin供應現在超過過去的記錄並繼續增長，分析師表明，市場可能還沒有達到頂峰。

Bitcoin’s latest surge follows this pattern. After dropping below $77,000 earlier in the week, BTC bounced back to $84,352 by 15 March, reflecting a 2.8% increase in the past 24 hours.

比特幣的最新激增遵循了這種模式。在本週早些時候下降到77,000美元以下之後，BTC在3月15日彈起至84,352美元，反映了過去24小時的2.8％。

Stablecoin Surge Signals Market Confidence

Stablecoin Expure Signals市場信心

Stablecoins are often seen as an indicator for liquidity and investor sentiment in the crypto market.

穩定幣通常被視為加密貨幣市場中流動性和投資者情緒的指標。

According to Glassnode data, the collective market capitalization of key stable tokens—USDT, USDC, BUSD, and DAI—experienced an uptick, climbing from $204 billion to over $205 billion between 10 and 14 March.

根據GlassNode數據，主要穩定代幣的集體市值（USDT，USDC，BUSD和DAI）經驗豐富，在3月10日至14日之間的上升幅度從2040億美元攀升至2040億美元以上。

This rise implies that capital has not exited the ecosystem but rather lingers, possibly poised to flow back into more volatile assets such as Bitcoin and Ethereum.

這一崛起意味著資本並未退出生態系統，而是徘徊，可能有望恢復到比特幣和以太坊等更波動的資產中。

Since 5 November 2024—U.S. Election Day—the stablecoin market has surged by 28%, suggesting that crypto investors are keeping substantial cash reserves. This expansion reflects a strategy to maintain crypto exposure while mitigating extreme price swings.

自2024年11月5日以來，美國的選舉日 - Stablecoin市場飆升了28％，這表明加密投資者正在保留大量現金儲備。這種擴展反映了一種維持加密貨幣風險的策略，同時減輕了極端價格波動。

Tracy Jin, MEXC’s Chief Operating Officer, highlighted this shift, remarking:

MEXC首席運營官Tracy Jin強調了這一轉變，並說：

“The growth of the stablecoin market capitalization to a record indicates a massive capital rotation in the cryptocurrency ecosystem. Investors are moving against volatility as Bitcoin continues to experience downward pressure.”

“穩定的市值對記錄的增長表明，加密貨幣生態系統的資本旋轉大規模旋轉。隨著比特幣繼續承受向下壓力，投資者正在反對波動。”

This capital shift is also evident in the decreased trading volume on spot cryptocurrency exchanges. According to CCData, the seven-day average for spot exchange volume dropped from $365.3 billion on 10 March to $344.4 billion on 14 March.

在現貨加密貨幣交換的交易量減少中，這種資本轉移也很明顯。根據CCDATA的數據，現貨交換量的7天平均水平從3月10日的3653億美元下降到3月14日的3444億美元。

This decreased activity in spot markets may indicate a preference for stablecoins as investors prefer to park funds in lower-risk assets.

在現貨市場中，這種活動的下降可能表明，由於投資者更喜歡將資金停在低風險資產中，因此偏愛Stablecoins。

Institutional Money Moves in Stablecoins

機構資金以穩定的貨幣移動

Capital from institutional sources is increasingly flowing into stable tokens, highlighting a deepening adoption of digital assets.

機構資本的資本越來越多地流入穩定的代幣，強調了數字資產的加深採用。

A major sign of this trend is the notable $2 billion investment by MGX, a sovereign wealth fund from Abu Dhabi, into Binance’s stablecoins.

這一趨勢的一個主要跡像是，阿布扎比的主權財富基金MGX的著名投資歸功於Binance的Stablecoins。

The fact that sovereign wealth funds are now using it for billion-dollar deals suggests that crypto liquidity is deepening and reinforcing adoption. This indicates that money – and users – are still there, perhaps in a consolidation phase, waiting to deploy capital as more opportunities arise.

主權財富基金現在正在將其用於十億美元交易的事實表明，加密流動性正在加深和加強採用。這表明金錢和用戶仍然存在，也許是在合併階段，隨著更多的機會而等待部署資本。

“The growing value of the stablecoins is a clear testament to the key role stablecoins play as the cornerstone of liquidity in the cryptocurrency industry and the maturing digital asset market,” Jin explained.

Jin解釋說：“ Stablecoins的不斷增長證明了Stablecoins在加密貨幣行業和成熟的數字資產市場中發揮的關鍵作用。”

With liquidity remaining strong and stablecoin supply continuing to rise, market observers suggest the crypto rally has more room to run rather than nearing a top.

由於流動性保持強勁而堅定的供應供應繼續上升，市場觀察家認為加密貨幣集會有更多的跑步空間，而不是接近頂部。

As long as capital remains in digital form, the market could still see further upside in the months ahead.Related Readings | VanEck Files For Avalanche ETF, Targeting Institutional Exposure To AVAX

只要資本仍然保持數字形式，市場仍然可以在未來幾個月內進一步看到。雪崩ETF的Vaneck文件，針對機構暴露於avax