Tether 大規模購買比特幣震驚加密世界，令專家困惑

穩定幣巨頭 Tether 公佈了一項令人著迷的加密貨幣開發成果，已累積了 8,888 枚比特幣，此舉在比特幣領域引起了軒然大波。這次收購看似違背了傳統的市場邏輯，卻引發了比特幣價值的驚人下跌，引發了人們的猜測：Tether 投資之外的看不見的力量正在推動不利的價格走勢。

Tether's Colossal Bitcoin Acquisition Sends Ripples Through Crypto Market, Baffling Industry Experts

Tether 巨額比特幣收購在加密貨幣市場引發漣漪，令行業專家感到困惑

In an unprecedented move, Tether, the world's leading stablecoin issuer, has acquired an astounding 8,888 Bitcoin, propelling its Bitcoin reserves to a staggering 75,400 BTC. This substantial purchase has sent shockwaves through the crypto community, challenging conventional market logic and sparking speculation about its impact on Bitcoin's value.

全球領先的穩定幣發行商 Tether 史無前例地購買了 8,888 枚比特幣，使其比特幣儲備達到驚人的 75,400 枚比特幣。這一大規模購買在加密貨幣社群引起了衝擊，挑戰了傳統的市場邏輯，並引發了對其對比特幣價值影響的猜測。

Tether's Bold Acquisition Strategy

Tether 的大膽收購策略

According to data meticulously analyzed by blockchain intelligence platform Arkham Intelligence, Tether executed its large-scale purchase on March 31. This acquisition fulfills Tether's previously announced plans to establish a recurrent investment strategy, utilizing profits generated from its core operations to accumulate Bitcoin.

根據區塊鏈情報平台Arkham Intelligence仔細分析的數據，Tether於3月31日執行了大規模收購。此次收購實現了Tether先前宣布的建立經常性投資策略的計劃，利用其核心業務產生的利潤積累比特幣。

Tether's massive Bitcoin holdings now surpass those of renowned crypto exchanges and issuers of the highly debated spot Bitcoin ETF. This strategic move underscores Tether's unwavering commitment to expanding its Bitcoin reserves.

Tether 的巨額比特幣持有量現已超過知名加密貨幣交易所和備受爭議的比特幣 ETF 現貨發行商。這項戰略舉措凸顯了 Tether 對擴大比特幣儲備的堅定承諾。

Unexpected Market Impact

意外的市場影響

While Tether's acquisition was widely anticipated to bolster Bitcoin's price, the market has responded in an unexpected fashion. Contrary to expectations, Bitcoin's value has plummeted below the $70,000 mark, leaving crypto enthusiasts perplexed and raising questions about the factors influencing its decline.

儘管人們普遍預期 Tether 的收購將提振比特幣的價格，但市場的反應卻出乎意料。與預期相反，比特幣的價值暴跌至7萬美元大關以下，這讓加密貨幣愛好者感到困惑，並對影響其下跌的因素提出疑問。

Unforeseen Forces Damping Bitcoin's Advance

不可預見的力量阻礙了比特幣的進步

Crypto trading firm QCP Capital has shed light on potential catalysts behind Bitcoin's unexpected downturn. The firm suggests that large-scale liquidations on popular retail exchanges, such as Binance, have played a significant role. Perp funding rates on these exchanges have plummeted from an elevated 77% to near-zero levels.

加密貨幣交易公司 QCP Capital 揭示了比特幣意外低迷背後的潛在催化劑。該公司表示，幣安等熱門零售交易所的大規模清算發揮了重要作用。這些交易所的 Perp 融資率已從 77% 的高點驟降至接近零的水平。

Furthermore, outflows from spot Bitcoin ETFs, particularly Grayscale's GBTC, have added to the selling pressure on the asset. Grayscale's fund has witnessed significant withdrawals, amounting to $302.6 million on April 1 alone. This has contributed to a collective net outflow of $85.7 million across various Bitcoin ETFs, exacerbating the prevailing sell-off.

此外，現貨比特幣 ETF（尤其是 Grayscale 的 GBTC）的資金流出增加了該資產的拋售壓力。 Grayscale 的基金出現了大量撤資，光是 4 月 1 日就達 3.026 億美元。這導致各種比特幣 ETF 集體淨流出 8,570 萬美元，加劇了普遍的拋售。

Derivatives Market Reinforces Bearish Sentiment

衍生性商品市場強化看跌情緒

The turmoil in the derivatives market further amplifies the bearish outlook for Bitcoin. Coinglass data reveals that a colossal $409 million has been liquidated from the market in the past 24 hours, with a staggering $328 million in long positions wiped out.

衍生性商品市場的動盪進一步放大了比特幣的看跌前景。 Coinglass 數據顯示，過去 24 小時內，市場已清算 4.09 億美元的巨額資金，其中多頭頭寸被平倉的金額高達 3.28 億美元，令人震驚。

Bitcoin's Post-Acquisition Trajectory

比特幣收購後的軌跡

As the market volatility subsides, Bitcoin has stabilized at approximately $66,500, reflecting a notable 4% decline over the past 24 hours, as reported by CoinMarketCap. The market's reaction to Tether's acquisition has defied expectations, leaving analysts and investors grappling to comprehend the complex dynamics at play.

根據 CoinMarketCap 報導，隨著市場波動減弱，比特幣穩定在 66,500 美元左右，過去 24 小時內明顯下跌 4%。市場對 Tether 收購的反應超出了預期，分析師和投資者都在努力理解其中的複雜動態。

Unanswered Questions and Future Implications

未解答的問題和未來的影響

The impact of Tether's Bitcoin acquisition remains a subject of intense scrutiny and debate within the crypto community. Market participants are eager to unravel the intricate relationship between stablecoin issuance, Bitcoin holdings, and its ultimate influence on the broader crypto ecosystem.

Tether 收購比特幣的影響仍然是加密社群內密切關注和爭論的主題。市場參與者渴望弄清楚穩定幣發行、比特幣持有及其對更廣泛的加密生態系統的最終影響之間錯綜複雜的關係。

As the market navigates this uncharted territory, it will be imperative to monitor developments closely and seek insights from industry experts to gain a deeper understanding of the forces shaping Bitcoin's trajectory in the wake of Tether's latest move.

隨著市場在這個未知領域中航行，我們必須密切關注事態發展，並尋求行業專家的見解，以更深入地了解 Tether 最新舉措後影響比特幣走勢的力量。