CryptoQuant 首席执行官表示，比特币流动性数据暗示 BTC 价格可能创历史新高

链上分析提供商 CryptoQuant 的创始人兼首席执行官 Ki Young Ju 表示，比特币流动性数据暗示 BTC 价格可能创下历史新高。

on-chain analytics provider CryptoQuant says that Bitcoin liquidity data could be hinting at an all-time-high for the BTC price.

链上分析提供商 CryptoQuant 表示，比特币流动性数据可能暗示 BTC 价格创下历史新高。

“Stablecoins alone can't provide enough buy-side liquidity for Bitcoin,” the firm's founder and CEO Ki Young Ju wrote on X.

该公司创始人兼首席执行官 Ki Young Ju 在 X 上写道：“仅靠稳定币无法为比特币提供足够的买方流动性。”

According to CryptoQuant, the BTC-to-stablecoin ratio is currently 6.05, indicating that BTC reserves are six times higher than stablecoins. This ratio was also seen during BTC's last all-time-high.

根据 CryptoQuant 的数据，目前 BTC 与稳定币的比率为 6.05，这表明 BTC 储备是稳定币的六倍。在比特币上一次创下历史新高期间也出现了这一比率。

CryptoQuant says that this ratio is crucial because it determines the amount of BTC that can be purchased with stablecoins. For instance, if a user wants to buy BTC with Tether (CRYPTO: USDT) and the BTC-to-stablecoin ratio is 2, then they can buy two BTC with 1,000 USDT.

CryptoQuant 表示，这个比率至关重要，因为它决定了可以用稳定币购买的 BTC 数量。例如，如果用户想用 Tether（加密货币：USDT）购买 BTC，并且 BTC 与稳定币的比率为 2，那么他们可以用 1,000 USDT 购买 2 个 BTC。

However, if the ratio increases to 6, then the user can only buy 1.6 BTC with 1,000 USDT, showcasing how higher liquidity is needed for BTC to reach new all-time-highs.

然而，如果该比率增加到6，那么用户只能用1000 USDT购买1.6 BTC，这说明BTC需要更高的流动性才能达到历史新高。

BTC price struggles to break through: Bitcoin price hit $70,000 on Tuesday and continued rising that day to reach a multi-month high of $73,600. In doing so, it came within $150 of breaking its March all-time-high of $73,740.

比特币价格难以突破：比特币价格周二触及 70,000 美元，当天继续上涨，达到数月高点 73,600 美元。这样一来，它距离突破 3 月份历史高点 73,740 美元仅差 150 美元。

However, it failed to do so, despite the community largely anticipating this to occur at any given moment, and began losing its value gradually.

然而，尽管社区很大程度上预计这种情况会在任何特定时刻发生，但它并没有这样做，并开始逐渐失去其价值。

The most substantial correction occurred on Friday morning when it dumped below $69,000 to lose three grand within hours.

最大幅度的调整发生在周五早上，当时价格跌破 69,000 美元，数小时内损失了三倍。

Bulls stepped up during the trading day, with Bitcoin climbing to $71,500 following the weaker-than-expected U.S. jobs report for October.

在美国 10 月份就业报告弱于预期后，多头在交易日中走强，比特币攀升至 71,500 美元。

It once again failed at that point and now trades around two grand lower. At press time, Bitcoin trades at $69,610.

在那一点上它再次失败，现在交易价格大约低了两倍。截至发稿时，比特币交易价格为 69,610 美元。

BlackRock still bullish: The sell-off comes as broader market dynamics played out, with Bitcoin spot ETFs seeing a net outflow of $54.9 million on Nov. 1, following a week of net inflows.

贝莱德仍然看涨：随着更广泛的市场动态显现，比特币现货 ETF 在经历一周的净流入后，于 11 月 1 日出现 5490 万美元的净流出，引发抛售。

However, BlackRock’s IBIT still saw strong demand, with a record $875 million single-day inflow on Oct. 30.

不过，贝莱德的 IBIT 需求依然强劲，10 月 30 日单日资金流入创纪录的 8.75 亿美元。

Collectively, spot Bitcoin ETFs saw inflows of $917.2 million on that day, marking the highest since March. Despite this sustained investor interest, Bitcoin's price fell below $70,000 on Friday.

总体而言，当日现货比特币 ETF 资金流入达 9.172 亿美元，创下 3 月份以来的最高水平。尽管投资者的兴趣持续存在，比特币的价格在周五还是跌破了 70,000 美元。