繫繩（USDT）供應激增向比特幣市場注入新的資本，與過去的恢復趨勢保持一致

隨著Stablecoin流動性的激增，比特幣的價格勢頭正在改善，Tether's（USDT）市值增長了57.5億美元

A massive surge in Tether’s (USDT) stablecoin supply has injected fresh capital into crypto markets, aligning with past Bitcoin (BTC) recovery trends, data from CryptoQuant reveals.

CryptoQuant的數據顯示，Tether（USDT）Stablecoin供應的大量激增將新的資本注入了加密貨幣市場，與過去的比特幣（BTC）恢復趨勢保持一致。

Tether stablecoin market cap expands rapidly, impacting Bitcoin price

繫繩Stablecoin市值迅速擴大，影響比特幣價格

繫繩Stablecoin市值迅速擴大，影響比特幣價格

Over the past 60 days, Tether’s stablecoin market cap has expanded by $5.75 billion, outpacing its 60-day Simple Moving Average (SMA) of $3.46 billion. This trend, which is "historically linked to higher Bitcoin prices," was highlighted by CryptoQuant in a March 13 post on X.

在過去的60天中，Tether的Stablecoin市值增長了57.5億美元，超過了60天簡單的移動平均值（SMA）34.6億美元。這種趨勢“從歷史上與更高的比特幣價格聯繫在一起”，在3月13日的X上發表的一篇文章中突出了加密量。

📊 Tether’s (USDT) stablecoin market cap has expanded rapidly, impacting #Bitcoin prices.

tether（USDT）Stablecoin市值迅速擴大，影響了#BitCoin的價格。

According to a recent post by community manager Crypto Dan, such trends are “historically linked to higher Bitcoin prices.”

根據社區經理Crypto Dan的最新帖子，此類趨勢“從歷史上講與更高的比特幣價格有關”。

Read more, in cooperation with BestEffort: https://t.co/5b530KzM8v pic.twitter.com/a97yzYf2j6

閱讀更多，與Bestfort合作：https：//t.co/5b530kzm8v pic.twitter.com/a97yzyf2j6

— CryptoQuant (@CryptoQuant_) March 13, 2024

- cryptoquant（@cryptoquant_）2024年3月13日

Furthermore, on-chain data firm Santiment has also reported a surge in Tether’s on-chain activity. On March 11, over 143,000 wallets made transfers, marking a six-month high, as reported by the firm in an X post.

此外，鏈上數據公司的santiment還報導了繫繩的鏈活動激增。 3月11日，該公司在X帖子中報導的那樣，超過143,000個錢包進行了轉移，標誌著六個月的高度。

The post suggests that "when USDT & other stablecoin activity spikes during price drops, traders prepare to buy." This added buying pressure can help crypto prices recover.

該帖子表明，“當價格下跌期間USDT和其他Stablecoin活動峰值時，交易者準備購買。”這種增加的購買壓力可以幫助加密價格恢復。

💸 Tether's on-chain activity has been rapidly rising, with over 143K wallets making transfers yesterday alone (a 6-month high).

tether鏈的鏈活動迅速上升，僅昨天超過143k的錢包就進行了轉移（6個月高）。

When $USDT & other stablecoin activity spikes during price drops, traders are preparing to buy. This added buy pressure aids in crypto prices recovering.

當價格下跌期間$ USDT和其他Stablecoin活動峰值時，交易者準備購買。這增加了購買壓力有助於加密價格恢復。

— Santiment (@santimentlabs) March 12, 2024

- Santiment（@santimentLabs）2024年3月12日

Bitcoin faces selling pressure from large holders

比特幣面對大型持有人的壓力

比特幣面對大型持有人的壓力

However, Bitcoin faces selling pressure from large holders. According to Santiment data, wallets holding between 100 and 1,000 BTC offloaded over 50,600 BTC—roughly $4.07 billion—in the past week.

但是，比特幣面對賣出大型持有人的壓力。根據Santiment數據，在過去一周中，容納100至1,000 BTC的錢包在50,600 BTC中卸載了超過50,600 BTC（大量40.7億美元）。

📉 Bitcoin's key stakeholders are showing signs of dumping:

📉比特幣的主要利益相關者正在顯示傾銷的跡象：

🐳 Wallets with 100-1,000 #BTC: -50,625 Bitcoin (-$4.07B) in the past week

🐳用100-1,000 #BTC的錢包：-50,625比特幣（ - $ 4.07B）

🦈 Wallets with 10-100 $BTC: -7,062 Bitcoin (-$567.1M) in the past week

th帶10-100美元的錢包BTC：-7,062比特幣（-5.671億美元）

Over the long-term, markets tend to fluctuate with a mid-sized… pic.twitter.com/jSioi9mzuS

從長遠來看，市場往往會隨著中型…pic.twitter.com/jsioi9mzus而波動

— Santiment (@santimentlabs) March 10, 2024

- santiment（@santimentLabs）2024年3月10日

This sell-side pressure is significant, especially considering that such large-scale sell-offs have typically contributed to short-term volatility in Bitcoin’s price.

這種賣方壓力很大，尤其是考慮到這樣的大規模拋售通常會導致比特幣價格短期波動。

At the same time, the total Bitcoin holdings by wallets with 10 to 100 BTC have also decreased by 7,062 BTC, amounting to approximately $567.1 million, over the past seven days.

同時，在過去的七天中，比特幣的總比特幣持有的錢包也減少了7,062 BTC，總計約5.671億美元。

As Bitcoin approaches the oversold zone, analysts are divided on whether this signals the start of a sustained rally or further downward pressure on the world’s leading cryptocurrency.

隨著比特幣接近超售區域，分析師在這表明對世界領先的加密貨幣的持續集會或進一步向下壓力的情況下存在分歧。

According to the analysis of the CryptoQuant’s community manager Crypto Dan, Bitcoin’s Market Value to Realized Value (MVRV) ratio has dropped to 1.8, approaching its 2024 low of 1.71. This level has historically signaled buying opportunities.

根據對加密社區經理Crypto Dan的分析，比特幣對實現價值（MVRV）比率的市場價值已下降到1.8，其2024低點為1.71。該水平歷史上標誌著購買機會。

At the same time, short-term Bitcoin holdings surged to 23% in March, mirroring a pattern seen in December 2024 before a market correction.

同時，短期比特幣持有量在3月飆升至23％，反映了2024年12月在市場更正之前看到的模式。

While Bitcoin could still dip into the $70,000 range, Dan noted that extensive deleveraging may reduce the need for further declines.

儘管比特幣仍然可以降至70,000美元的範圍，但丹指出，廣泛的去槓桿化可能會減少進一步下降的需求。

“The market is in the final phase of the upward cycle, experiencing a strong correction, which increases both risk and investment difficulty,” he said.

他說：“市場正處於向上週期的最後階段，經歷了強大的糾正，這增加了風險和投資困難。”

“However, as the market enters an oversold state, the probability of a rebound also increases.”

“但是，隨著市場進入一個超售的州，反彈的可能性也會增加。”

Despite these indicators, uncertainty remains. While stablecoin growth typically supports Bitcoin rebounds, short-term sentiment remains fragile.

儘管有這些指標，但仍然存在不確定性。儘管Stablecoin的增長通常支持比特幣籃板，但短期情緒仍然脆弱。

Whale activity, macroeconomic trends, and the strength of any potential recovery will play a crucial role in determining Bitcoin’s next move.

鯨魚活動，宏觀經濟趨勢和任何潛在恢復的強度將在確定比特幣的下一步行動中起著至關重要的作用。