新报告称，比特币、以太坊、Solana 的反弹不应让投资者误以为所有加密货币在牛市中都会表现同样出色

一份新报告发现，比特币 BTC/USD、以太坊 ETH/USD 和 Solana SOL/USD 的持续上涨不应让投资者相信所有加密货币在牛市中都会表现同样出色。

As the crypto market rally continues, with Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) leading the charge, investors should not assume that all cryptocurrencies will perform equally well during a bull run, a recent report by 10x Research has stated.

10x Research 最近的一份报告指出，随着加密货币市场持续上涨，比特币 (BTC)、以太坊 (ETH) 和 Solana (SOL) 领涨，投资者不应认为所有加密货币在牛市期间都会表现同样出色。

The report advises investors to focus on specific assets that have demonstrated resilience and growth potential during the rally. For instance, Solana proxies Jito (JTO) and Jupiter (JUP) have outperformed with weekly gains of 24% and 16%, respectively, aligning with SOL-USDT's strong performance.

该报告建议投资者关注在反弹期间表现出韧性和增长潜力的特定资产。例如，Solana 代理 Jito (JTO) 和 Jupiter (JUP) 的表现优于大盘，周涨幅分别为 24% 和 16%，与 SOL-USDT 的强劲表现一致。

Meanwhile, Ethereum proxies have also seen significant gains, with Ethena (ENA) achieving a 37% increase.

与此同时，以太坊代理也取得了显着增长，Ethena (ENA) 实现了 37% 的增长。

Despite Ethereum not being the central focus in this rally, 10x Research points to signs of a possible bottom, supported by weekly stochastics indicators.

尽管以太坊不是本次反弹的焦点，但 10x Research 指出，在每周随机指标的支持下，以太坊可能出现触底迹象。

“The day when BlackRock's marketing team launches an Ethereum ETF push is drawing closer,” the report adds, suggesting a potential boost to Ethereum's standing as interest in ETFs grows.

报告补充称，“贝莱德营销团队推出以太坊 ETF 的日子越来越近了”，这表明随着人们对 ETF 兴趣的增长，以太坊的地位可能会得到提升。

The report highlights the convergence of crypto with traditional finance, predicting that regulatory developments in the U.S. could further stimulate institutional interest in cryptocurrencies.

该报告强调了加密货币与传统金融的融合，预测美国的监管发展可能会进一步刺激机构对加密货币的兴趣。

Ethereum, being the largest decentralized smart contract platform, is well-positioned to continue driving use cases with greater regulatory clarity.

以太坊作为最大的去中心化智能合约平台，处于有利地位，可以继续以更明确的监管推动用例。

The report also notes that Ethereum's appeal will be bolstered by lower gas fees following the anticipated Dencun upgrade in March 2024, potentially attracting more network validators and staking participants.

该报告还指出，预计 2024 年 3 月进行的 Dencun 升级后，汽油费的降低将增强以太坊的吸引力，从而可能吸引更多的网络验证者和质押参与者。

Bitcoin's market movements are also being closely watched by investors. According to the report, Bitcoin ETFs have recorded $1.4 billion in inflows, bringing the total inflows to over $25 billion this year.

比特币的市场走势也受到投资者的密切关注。报告显示，比特币 ETF 已录得 14 亿美元的资金流入，使今年的总资金流入超过 250 亿美元。

This trend indicates genuine buying interest, with Bitcoin spot ETFs alone seeing $5.1 billion in inflows. Low funding rates suggest this influx is largely from long-only buyers, leading to a potential squeeze in Bitcoin.

这一趋势表明了真正的购买兴趣，仅比特币现货 ETF 就有 51 亿美元的流入。低融资利率表明，资金流入主要来自做多买家，导致比特币可能受到挤压。

The demand for calls over puts on Bitcoin reflects strong bullish sentiment.

对比特币看涨期权而非看跌期权的需求反映了强烈的看涨情绪。

“Bitcoin Skew, the spread between implied volatility for puts versus calls, continues to fall, reflecting stronger demand for upside exposure over concerns about downside risk,” the report states.

报告指出，“比特币偏斜，即看跌期权与看涨期权隐含波动率之间的利差，继续下降，反映出对下行风险担忧的上行敞口需求更强。”

Bitcoin's volatility dynamics could shift as spot ETFs gain prominence, possibly leading investors toward higher-beta cryptocurrencies like Ethereum.

随着现货 ETF 的日益普及，比特币的波动动态可能会发生变化，这可能会导致投资者转向以太坊等更高贝塔值的加密货币。

The report also identifies an uptick in retail trading activity in South Korea, with tokens like UXLINK (UXLINK) seeing substantial trading volume.

该报告还指出，韩国零售交易活动有所增加，UXLINK（UXLINK）等代币的交易量很大。

As the token outpaced popular cryptocurrencies such as Dogecoin (DOGE) and Bitcoin on Korean exchanges, it adds a layer of volatility to the market landscape.

由于该代币在韩国交易所的表现超过了狗狗币（DOGE）和比特币等流行的加密货币，这给市场格局增添了一层波动性。

This rally is unfolding amid institutional inflows and increased interest in core cryptocurrencies.

此次反弹是在机构资金流入和对核心加密货币兴趣增加的背景下展开的。

10x Research suggests that as institutional mandates expand, attention will likely consolidate around major cryptocurrencies, notably Bitcoin, Ethereum and Solana.

10x 研究表明，随着机构授权的扩大，注意力可能会集中在主要加密货币上，特别是比特币、以太坊和 Solana。

These assets are not only leading the market but are also positioned to drive the crypto market cap to new highs.

这些资产不仅引领市场，而且还将推动加密货币市值再创新高。

For further exploration of these trends and strategies, Benzinga's Future of Digital Assets event on Nov. 19 will bring together industry leaders to discuss the future of cryptocurrency investments amidst regulatory shifts and market changes.

为了进一步探索这些趋势和策略，Benzinga 于 11 月 19 日举办的数字资产未来活动将汇集行业领袖，讨论监管转变和市场变化中加密货币投资的未来。