尽管出现看跌信号，比特币仍飙升至 70,000 美元以上

尽管近期比特币价格下跌，但三月份购买压力显着激增。 CryptoQuant 的稳定币指标显示购买力有所增加，表明持续上涨的可能性。然而，Tether 主导地位图表表明未来可能出现波动，因为主导地位的上升可能预示着整个市场的看跌情绪。

Bitcoin Soars Above $70,000 Despite Bearish Signals

尽管出现看跌信号，比特币仍飙升至 70,000 美元以上

In a resurgence of buying interest, Bitcoin (BTC) surged past the $70,000 mark in March, rebounding from a dip to $60,700 the previous week. However, despite the price surge, certain metrics suggest a cautious undercurrent in the market.

随着购买兴趣的复苏，比特币 (BTC) 在 3 月份飙升至 70,000 美元大关，从上周的跌势反弹至 60,700 美元。然而，尽管价格飙升，某些指标表明市场存在谨慎的暗流。

Long-Term Holders Take Profits

长期持有者获利了结

One notable bearish signal is the increasing number of long-term BTC holders booking profits. This indicates a lack of conviction among some investors, who may be apprehensive about holding onto their assets amid market volatility.

一个值得注意的看跌信号是越来越多的比特币长期持有者获利了结。这表明一些投资者缺乏信心，他们可能对在市场波动中持有资产感到担忧。

Stablecoin Metrics Signal Buying Power

稳定币指标表明购买力

To gauge the market's direction, analysts turned to stablecoin metrics from CryptoQuant. These metrics suggest a rise in buying power, which could fuel further market gains.

为了衡量市场的走向，分析师转向了 CryptoQuant 的稳定币指标。这些指标表明购买力上升，这可能会推动市场进一步上涨。

Stablecoin Netflow to Exchanges

稳定币净流向交易所

The stablecoin netflow to exchanges has been positive in March, with an increase in stablecoin inflows observed over the past ten days. This could lead to increased buying pressure on cryptocurrencies, particularly Bitcoin, as investors seek to take advantage of the recent price dip.

3月份流入交易所的稳定币净流量为正，过去十天稳定币流入量有所增加。这可能会导致加密货币（尤其是比特币）的购买压力增加，因为投资者寻求利用近期价格下跌的机会。

Stablecoin Exchange Reserve

稳定币交易所储备

The stablecoin exchange reserve has also been trending upwards in the past month. While a rising exchange reserve typically indicates potential selling pressure, the opposite is true for stablecoins like Tether (USDT). A rising exchange reserve for USDT suggests an increase in buying pressure, as market participants seek to park their funds in stablecoins during periods of volatility.

过去一个月，稳定币外汇储备也呈上升趋势。虽然外汇储备上升通常表明潜在的抛售压力，但对于 Tether (USDT) 等稳定币来说，情况恰恰相反。 USDT 外汇储备的增加表明购买压力增加，因为市场参与者试图在波动时期将资金投入稳定币。

USDT Dominance Hints at Short-Term Bearishness

USDT 的主导地位暗示短期看跌

The movement of the USDT dominance, which measures the percentage of market capitalization held by USDT, could provide insights into the market trend. Since mid-October, the USDT dominance chart has trended downwards, indicating a potential retracement in the coming weeks. A bounce in USDT dominance would reflect bearish pressure across the crypto market.

USDT 主导地位的变动衡量了 USDT 所占市值的百分比，可以提供对市场趋势的洞察。自10月中旬以来，USDT主导图呈下降趋势，表明未来几周可能出现回调。 USDT 主导地位的反弹将反映出整个加密货币市场的看跌压力。

Technical Analysis of USDT Dominance

USDT 优势技术分析

Fibonacci retracement levels plotted on the USDT dominance chart suggest that the dominance could rebound to 5.15% or 5.47% in April. This would signal a shift towards selling and a bearish trend in the crypto market.

USDT 优势图表上绘制的斐波那契回撤水平表明，4 月份的优势可能会反弹至 5.15% 或 5.47%。这将标志着加密货币市场转向抛售和看跌趋势。

Cautious Optimism for Investors

投资者谨慎乐观

While the overall trend for Bitcoin remains bullish, investors should be aware of the short-term bearish signals. A retracement in USDT dominance could provide a buying opportunity, allowing investors to accumulate BTC at a discount.

虽然比特币的整体趋势仍然看涨，但投资者应注意短期看跌信号。 USDT 主导地位的回调可能会提供买入机会，使投资者能够以折扣价积累 BTC。

Conclusion

结论

Bitcoin's recent surge has been tempered by bearish indicators, including profit-taking by long-term holders. Stablecoin metrics suggest a rise in buying power, but theUSDT dominance chart hints at potential short-term volatility. Investors should remain vigilant and prepared for potential price fluctuations in the coming weeks.

比特币近期的飙升受到了看跌指标的影响，包括长期持有者的获利了结。稳定币指标表明购买力上升，但 USDT 主导图表暗示潜在的短期波动。投资者应保持警惕，并为未来几周潜在的价格波动做好准备。