TON 質押 TVL 比率先於價格變動

CryptoQuant 是一家領先的市場情報提供商，最近揭示了 TON 價格與質押代幣數量之間的關鍵聯繫。

CryptoQuant, a leading market intelligence provider, recently highlighted a crucial link between TON's price and the volume of staked tokens. According to the analysis, a consistent pattern emerges in TON: as the price of TON increases, the Staking TVL ratio decreases. This indicates that when prices rise, a large number of investors withdraw their staked tokens and direct them towards other trading opportunities available across other trading platforms.

領先的市場情報提供者 CryptoQuant 最近強調了 TON 的價格與質押代幣數量之間的重要聯繫。根據分析，TON 出現了一個一致的模式：隨著 TON 價格的上漲，Stake TVL 比率下降。這表明，當價格上漲時，大量投資者撤回其質押的代幣，並將其引導至其他交易平台上提供的其他交易機會。

How the TON Staking TVL Ratio Precedes Price Movements“When the ratio declines, it signals that investors are less willing to lock their assets, opting instead to keep them available for trading.” – By @joao_wedson Further details 👇https://t.co/iSlWZxfTmg pic.twitter.com/ATu7XpzIhl

TON 質押 TVL 比率如何先於價格變動“當該比率下降時，這表明投資者不太願意鎖定其資產，而是選擇將其保留用於交易。” – @joao_wedson 更多詳情👇https://t.co/iSlWZxfTmg pic.twitter.com/ATu7XpzIhl

Exchanges Boost TON Price

交易所提升 TON 價格

This pattern was observed in March 2024 as the cryptocurrency hit new price highs. Corresponding to the rising price, the Staking TVL ratio drastically decreased, suggesting a weak inflow of fresh capital into staking. Simultaneously, money flowed into centralized exchanges (CEX) and decentralized exchanges (DEX) such as Ston.FI and Dedust. This shift in capital led to an increase in TVL within these exchange categories, and subsequently, the price was also driven upwards.

2024 年 3 月，當加密貨幣創下新的價格高點時，就觀察到了這種模式。與價格上漲相對應的是，Stake TVL 比率大幅下降，顯示新資金流入 Stake 的強度較弱。同時，資金流入中心化交易所（CEX）和去中心化交易所（DEX），例如Ston.FI和Dedust。這種資本轉移導致這些交易所類別內的 TVL 增加，隨後價格也隨之上漲。

The Staking TVL ratio has declined, which is consistent with what seems to be a local bottom in the token price. This behavior goes against the common sense as staking interest declines at the time when the price hits the bottom. However, when funds are being moved from the staking to exchange, the increased liquidity of TON tokens naturally contributes to higher volumes and therefore higher prices.

質押 TVL 比率有所下降，這與代幣價格的局部底部一致。這種行為違背了常識，因為當價格觸底時，質押興趣會下降。然而，當資金從質押轉移到交易所時，TON 代幣流動性的增加自然會導致交易量增加，從而導致價格上漲。

Staking Vs. Market Flexibility

質押對比市場彈性

This pattern can be largely attributed to the demand for liquidity. Typically, when investors wish to unstake their tokens, they transfer them to exchanges to quickly engage in trades. This causes the number of TON tokens on the markets to grow, which, in turn, will lead to an increase in demand and price.

這種模式很大程度上可以歸因於對流動性的需求。通常，當投資者希望取消抵押代幣時，他們會將其轉移到交易所以快速進行交易。這導致市場上 TON 代幣的數量增加，進而導致需求和價格上漲。

While staking pertains to passive income and is beneficial for long-term returns, it does tie up tokens. In the event of highly volatile markets or new opportunities emerging within the market, investors may prefer to have the freedom to utilize their tokens without having them staked on the platform.

雖然質押屬於被動收入並且有利於長期回報，但它確實捆綁了代幣。如果市場高度波動或市場中出現新機會，投資者可能更願意自由使用其代幣，而無需將其質押在平台上。

The Staking TVL ratio has now become an indicator to gauge the market sentiment. When the ratio decreases, investors are seen to be prioritizing liquidity parameters and trading activity over staking. This shift often culminates in the likelihood of a price surge due to the increased demand for the token. In this manner, investors will be able to gain insight into the possibility of changes in TON's price and market trend in the future.

Stake TVL 比率現已成為衡量市場情緒的指標。當該比率下降時，投資者會優先考慮流動性參數和交易活動而不是質押。由於代幣需求的增加，這種轉變往往最終可能導致價格飆升。透過這種方式，投資者將能夠洞察未來TON價格和市場走勢變化的可能性。

The Staking TVL ratio serves as an invaluable tool to assess the attitude of investors within the market. The tendency of staking interest reducing as the price rises proves that liquidity is a key factor influencing the TON market.

質押 TVL 比率是評估市場投資者態度的寶貴工具。質押利息隨價格上漲而減少的趨勢證明流動性是影響 TON 市場的關鍵因素。