在市場壓力下，Tether 大量購買比特幣未能提振價格

儘管 Tether 最近收購了 8,888 個比特幣，但該加密貨幣的價格已跌破 70,000 美元。這種意外的下跌歸因於幣安的清算、Grayscale 的 GBTC ETF 的資金流出以及衍生性商品市場的看跌情緒等因素，掩蓋了 Tether 購買的看漲影響。

Tether's Bitcoin Purchase Fails to Prop Up Price Amidst Market Pressures

Tether 購買比特幣未能在市場壓力下支撐價格

In a notable transaction, Tether, the largest stablecoin issuer, recently acquired 8,888 Bitcoin (BTC), bringing its total BTC holdings to approximately 75,400. This significant purchase has raised eyebrows within the cryptocurrency community, particularly given the subsequent dip in Bitcoin's price.

在一筆值得注意的交易中，最大的穩定幣發行商 Tether 最近收購了 8,888 枚比特幣 (BTC)，使其持有的 BTC 總量達到約 75,400 枚。這一重大購買引起了加密貨幣社群的關注，特別是考慮到比特幣價格隨後下跌。

Traditionally, such large-scale Bitcoin purchases by Tether have tended to have a positive impact on the price of the cryptocurrency. However, in this instance, Bitcoin's price has fallen below $70,000, prompting speculation about the underlying factors at play.

傳統上，Tether 如此大規模的比特幣購買往往會對加密貨幣的價格產生正面影響。然而，在這種情況下，比特幣的價格已跌破 7 萬美元，引發了人們對潛在因素的猜測。

According to blockchain analysis platform Arkham Intelligence, Tether's Bitcoin acquisition took place on March 31st. As a result, Tether now ranks among the largest Bitcoin holders globally, surpassing some prominent crypto exchanges and Spot Bitcoin ETF issuers.

據區塊鏈分析平台 Arkham Intelligence 稱，Tether 的比特幣收購發生在 3 月 31 日。因此，Tether 現在躋身全球最大的比特幣持有者之列，超過了一些著名的加密貨幣交易所和現貨比特幣 ETF 發行人。

Last year, Tether announced its intention to allocate a portion of its operating profits towards regular Bitcoin purchases to bolster its stablecoin reserves. Hence, its sizable BTC acquisition is not entirely unexpected, especially considering its recent financial success.

去年，Tether 宣布打算將部分營業利潤用於定期購買比特幣，以增強其穩定幣儲備。因此，其大規模收購比特幣並不完全出乎意料，特別是考慮到其最近的財務成功。

The anomalous price dip following Tether's purchase has puzzled market watchers. Crypto trading firm QCP Capital attributes the sharp decline to "large liquidations on retail-heavy exchanges like Binance." Excessive leverage in the system resulted in a rapid unwinding of positions, driving the price of Bitcoin downwards.

Tether 收購後價格異常下跌令市場觀察家感到困惑。加密貨幣交易公司 QCP Capital 將大幅下跌歸因於「像幣安這樣的零售密集型交易所的大規模清算」。系統中槓桿率過高導致部位快速平倉，推動比特幣價格下跌。

Spot Bitcoin ETFs, particularly Grayscale's GBTC, have also been implicated in Bitcoin's decline. Grayscale has experienced significant outflows from its fund, including $302.6 million on April 1st. This has contributed to a combined net outflow of $85.7 million for Bitcoin ETFs, further increasing the selling pressure on Bitcoin.

現貨比特幣 ETF，尤其是 Grayscale 的 GBTC，也與比特幣的下跌有關。 Grayscale 的基金出現大量資金流出，其中 4 月 1 日資金流出 3.026 億美元。這導致比特幣 ETF 淨流出總計 8,570 萬美元，進一步增加了比特幣的拋售壓力。

Activity in the derivatives market has further exacerbated the bearish sentiment. Data from Coinglass reveals that the market has witnessed liquidations totaling $409 million in the past 24 hours, with $328 million of these being from long positions.

衍生性商品市場的活動進一步加劇了看跌情緒。 Coinglass 的數據顯示，過去 24 小時內市場清算總額達 4.09 億美元，其中 3.28 億美元來自多頭部位。

At the time of writing, Bitcoin is trading around $66,500, a decrease of over 4% in the last 24 hours. The market remains uncertain, with the selling pressure currently outweighing the buying pressure.

截至撰寫本文時，比特幣交易價格約為 66,500 美元，過去 24 小時內下跌超過 4%。市場仍存在不確定性，目前賣壓大於買壓。

While Tether's Bitcoin purchase is a significant indication of the company's confidence in the cryptocurrency's long-term prospects, it has failed to serve as a catalyst for an immediate price rally. Instead, a combination of factors, including liquidations, ETF outflows, and derivatives activity, have contributed to the current downward trend in Bitcoin's price.

儘管 Tether 購買比特幣充分錶明了該公司對加密貨幣長期前景的信心，但它未能成為價格立即上漲的催化劑。相反，包括清算、ETF 流出和衍生性商品活動在內的多種因素共同導致了當前比特幣價格的下跌趨勢。

Disclaimer: This news article is intended solely for informational purposes and does not constitute financial advice. Investing in cryptocurrencies carries inherent risks, and readers are strongly advised to conduct their own research before making any investment decisions.

免責聲明：本文僅供參考，不構成財務建議。投資加密貨幣具有固有的風險，強烈建議讀者在做出任何投資決定之前進行自己的研究。