CryptoQuant 报告显示，比特币牛市尽管下跌，但仍泰然自若

在最近比特币价格下跌的情况下，一份新报告表明加密货币牛市还远未结束。链上情报公司 CryptoQuant 分析了投资流，发现新投资者的资金流入比例低于之前价格峰值的水平。这与其他指标一起表明当前的价格回调是一次修正，而不是牛市的结束。

Bitcoin's Bullish Run Continues Despite Recent Pullback: CryptoQuant Report

尽管最近出现回调，但比特币的看涨仍在继续：CryptoQuant 报告

Introduction

介绍

The recent surge in Bitcoin's value, which peaked at an all-time high of $73,000 in March, sparked questions about the longevity of the cryptocurrency's bullish momentum. However, a recent report from CryptoQuant, an on-chain intelligence firm, suggests that the Bitcoin bull market is far from over.

比特币价格近期飙升，在 3 月份达到历史新高 73,000 美元，引发了人们对加密货币看涨势头能否持续的质疑。然而，链上情报公司 CryptoQuant 最近的一份报告表明，比特币牛市还远未结束。

CryptoQuant's Report: Bull Season Far from Finish Line

CryptoQuant 的报告：牛市离终点线还很远

The report, released last week, analyzed investment flows into Bitcoin and concluded that the bull season is still in its infancy. It highlighted several key factors that support this assertion.

上周发布的报告分析了比特币的投资流量，得出的结论是牛市仍处于起步阶段。它强调了支持这一主张的几个关键因素。

Firstly, the report notes that the inflow of new investment into Bitcoin from retail investors remains relatively low. This is in contrast to previous bull markets, where up to 92% of cash flow originated from new buyers. Currently, only 48% of Bitcoin's inflows are attributed to new investors.

首先，报告指出，散户投资者对比特币的新投资流入仍然相对较低。这与之前的牛市形成鲜明对比，之前的牛市高达 92% 的现金流来自新买家。目前，只有 48% 的比特币流入来自新投资者。

Secondly, the report examines price valuation metrics and finds that they are below levels observed during previous bull market peaks. This indicates that Bitcoin is not yet overvalued and has room for further growth.

其次，该报告检查了价格估值指标，发现它们低于之前牛市高峰期间观察到的水平。这表明比特币尚未被高估，并且还有进一步增长的空间。

Bitcoin's Recent Pullback: A Correction, Not a Reversal

比特币最近的回调：修正，而不是逆转

The report interprets the recent pullback in Bitcoin's price as a temporary correction rather than a sign of a market reversal. Kafkas Sönmez, Global Growth Director at Gate.io, compares the current situation to a similar correction Bitcoin experienced in 2019.

该报告将比特币价格最近的回调解释为暂时的调整，而不是市场逆转的迹象。 Gate.io 全球增长总监 Kafkas Sönmez 将当前情况与 2019 年比特币经历的类似调整进行了比较。

"In 2019, Bitcoin underwent a significant correction, losing up to 52% of its value," Sönmez notes. "However, it subsequently rebounded and gained over 400% since then. We believe it is crucial for investors to remain optimistic about the future of the market and view this pullback as a profit-taking opportunity."

Sönmez 指出：“2019 年，比特币经历了大幅调整，价值损失高达 52%。” “但随后反弹，涨幅超过400%。我们认为，投资者对市场未来保持乐观并将此次回调视为获利了结机会至关重要。”

Bitcoin Millionaires and Whale Activity

比特币百万富翁和鲸鱼活动

Sönmez also highlights the significant wealth created during Bitcoin's bull season. A report released at the time of Bitcoin's $73,000 peak estimated that 1,500 new millionaires were minted each day.

桑梅斯还强调了比特币牛市期间创造的巨大财富。比特币价格达到 73,000 美元峰值时发布的一份报告估计，每天新增 1,500 名百万富翁。

"While the identities of these individuals remain unknown due to the privacy of wallets, it demonstrates the potential of Bitcoin as a tool for rapid wealth accumulation," Sönmez says.

“虽然由于钱包的隐私性，这些人的身份仍然未知，但这表明了比特币作为快速财富积累工具的潜力，”桑梅斯说。

He adds that the slow growth in Bitcoin millionaires is primarily attributed to profit-taking by whales and the influx of new investors who have yet to enter the market.

他补充说，比特币百万富翁的缓慢增长主要归因于鲸鱼的获利了结以及尚未进入市场的新投资者的涌入。

Upcoming Halving Event: A Potential Catalyst

即将到来的减半事件：潜在的催化剂

Sönmez reminds investors of the upcoming halving event, scheduled for mid-April. This event will reduce the rewards given to miners by 50%, potentially leading to a supply shortage and increased demand for Bitcoin.

Sönmez 提醒投资者即将于 4 月中旬举行的减半活动。该事件将使矿工的奖励减少 50%，可能导致比特币供应短缺和需求增加。

"If Bitcoin's price remains at current levels, the halving event could provide further impetus for price appreciation," Sönmez says.

“如果比特币的价格保持在当前水平，减半事件可能会进一步推动价格上涨，”桑梅斯说。

In conclusion, the CryptoQuant report suggests that the Bitcoin bull season is far from over, despite the recent pullback. Factors such as low investment inflow from new investors, undervaluation metrics, and the upcoming halving event indicate that Bitcoin has potential for continued growth.

总之，CryptoQuant 报告表明，尽管最近有所回落，但比特币牛市还远未结束。新投资者的投资流入量较低、估值被低估以及即将到来的减半事件等因素表明比特币具有持续增长的潜力。