Tether (USDT) 交易所流入量近期保持高位，有助於推動比特幣 (BTC) 和更廣泛的加密貨幣反彈

鏈上數據顯示，大量穩定幣 USDT 最近已轉移到交易所，可能成為比特幣和更廣泛的加密貨幣上漲的燃料。

A massive amount of the stablecoin Tether (USDT) has been observed moving to exchanges recently, according to on-chain data, which could be acting as fuel for the Bitcoin and broader cryptocurrency rally.

根據鏈上數據，最近觀察到大量穩定幣 Tether (USDT) 轉移到交易所，這可能成為比特幣和更廣泛的加密貨幣上漲的燃料。

The Exchange Flow Balance for USDT, an indicator that tracks the net amount of a given asset entering or exiting the wallets associated with centralized exchanges, has seen several large positive spikes over the past month.

USDT 的交易流量餘額是一個追蹤特定資產進出與中心化交易所相關的錢包淨額的指標，在過去一個月中出現了幾次大幅的正高峰。

This implies that large investors have been depositing their USDT tokens into these platforms. For assets like Bitcoin, a positive Exchange Flow Balance can be a bearish sign, as it could suggest the holders are planning to sell.

這意味著大型投資者已經將他們的 USDT 代幣存入這些平台。對於像比特幣這樣的資產，正的交易流量平衡可能是一個看跌訊號，因為它可能表明持有者計劃出售。

However, the same isn’t true when the asset involved is a stablecoin. Investors generally store their capital in these fiat-tied tokens to avoid the volatility of Bitcoin and other cryptocurrencies.

然而，當涉及的資產是穩定幣時，情況就不一樣了。投資者通常將資金儲存在這些與法定貨幣掛鉤的代幣中，以避免比特幣和其他加密貨幣的波動。

Such users eventually plan to venture into the volatile side once they feel the conditions are right.

一旦他們覺得條件合適，這些用戶最終會計劃冒險進入波動性較大的領域。

And when the time comes, they naturally transfer to exchanges to swap to Bitcoin or whatever desired coin. This act of selling USDT does not affect its value since the coin is, by definition, always stable around the $1 mark.

當時機成熟時，他們自然會轉移到交易所兌換成比特幣或任何想要的硬幣。這種出售 USDT 的行為不會影響其價值，因為根據定義，該代幣始終穩定在 1 美元大關附近。

On the other hand, The asset they are shifting to does witness fluctuations from the purchase. As such, stablecoin exchange inflows are usually considered a bullish sign for Bitcoin and other assets.

另一方面，他們轉向的資產確實因購買而出現波動。因此，穩定幣交易流入通常被認為是比特幣和其他資產的看漲訊號。

During the last eight weeks, exchanges have received a net average of $40 million USDT. “Helping to fuel this bull rally and the many historic crypto pumps, look for stablecoin ‘dry powder’ to continue flowing in during this final stretch of 2024,” explains the analytics firm.

在過去八週內，交易所平均淨收到 4,000 萬美元的 USDT。該分析公司解釋說：“為了推動這次牛市反彈和許多歷史性的加密貨幣暴漲，請尋找穩定幣‘乾粉’在 2024 年最後一段時間內繼續湧入。”

Bitcoin set a new all-time high (ATH) beyond the $108,000 mark yesterday, but the coin appears to have seen a pullback since then, as its price is now trading around $104,500.

昨天，比特幣創下了歷史新高（ATH），突破了 108,000 美元大關，但此後該幣似乎出現了回調，目前其價格約為 104,500 美元。