比特币市场回调：“20牛市”的回响，“干粉”的重要性

面对比特币近期从 74,000 美元峰值下跌的情况，一些分析师将其与 2020 年牛市相提并论，表明当前的回调可能会成为类似飙升的催化剂。他们指出了价格回调和随后反弹的模式，以及最近铸造的数十亿稳定币，这些稳定币被视为市场潜在流动性和购买力的指标。

Bitcoin's Market Retreat: Echoes of the 2020 Bull Run and the Importance of "Dry Powder"

比特币市场回撤：2020年牛市的回响和“干粉”的重要性

In the wake of Bitcoin's recent decline from its all-time high of approximately $74,000, analysts urge investors to maintain composure and view this market correction as a potential buying opportunity. While Bitcoin prices have faced downward pressure, trickling lower in recent trading periods, the underlying dynamics suggest a semblance to the cyclical nature observed during the 2020 bull run.

在比特币最近从约 74,000 美元的历史高点下跌之后，分析师敦促投资者保持冷静，并将此次市场调整视为潜在的买入机会。尽管比特币价格面临下行压力，在最近的交易期间不断走低，但其潜在动态表明与 2020 年牛市期间观察到的周期性性质相似。

Echoes of the 2020 Bull Run

2020年牛市的回声

Amidst the current downward trend, analysts draw parallels to the behavior of Bitcoin prices in 2020. During that time, a significant price drop shook out weak holders, creating a foundation for a subsequent bull run that propelled the cryptocurrency decisively above its previous all-time high of $20,000. The analyst postulates that the retracement preceding the breakout served as a catalyst for the legendary bull run, ultimately driving Bitcoin to unprecedented levels near $70,000.

在当前的下跌趋势中，分析师将比特币价格的表现与 2020 年的情况进行了比较。在那段时间，价格的大幅下跌震动了弱势持有者，为随后的牛市奠定了基础，推动加密货币的价格明显高于之前的历史记录最高可达20,000美元。这位分析师推测，突破前的回调是传奇牛市的催化剂，最终将比特币推升至接近 70,000 美元的前所未有的水平。

Based on this historical comparison, the analyst posits that the current market conditions may present an opportune time for accumulation at spot levels. However, investors are advised to exercise caution until a clear trend emerges and the current bearish formation dissipates. Currently, BTC faces strong resistance in the $71,700 to $72,000 liquidation zone, reflecting last week's highs.

根据这一历史比较，分析师认为当前的市场状况可能是现货水平吸筹的最佳时机。然而，建议投资者谨慎行事，直到出现明确的趋势并且当前的看跌格局消散。目前，BTC 在 71,700 美元至 72,000 美元清算区域面临强劲阻力，该区域反映了上周的高点。

The Significance of "Dry Powder"

“干粉”的意义

Beyond technical candlestick formations, another analyst draws attention to the recent issuance of large volumes of stablecoins by Tether Holdings (the issuer of USDT) and Circle (the issuer of USDC). On April 2, Tether minted 1 billion USDT on Tron, while Circle issued 250 million USDC on Solana.

除了技术烛台形态之外，另一位分析师还提请注意 Tether Holdings（USDT 发行人）和 Circle（USDC 发行人）最近发行的大量稳定币。 4 月 2 日，Tether 在 Tron 上发行了 10 亿 USDT，而 Circle 在 Solana 上发行了 2.5 亿 USDC。

The analyst interprets this development as an indication of "plenty of dry powder" within the crypto markets. Stablecoins, such as USDT and USDC, provide stability and serve as a haven for crypto holders during price downturns. However, they also act as channels for liquidity from traditional markets, allowing users to gain exposure to crypto assets or participate in activities like decentralized finance (DeFi).

分析师将这一发展解释为加密货币市场中“大量干粉”的迹象。 USDT 和 USDC 等稳定币提供稳定性，并在价格下跌期间成为加密货币持有者的避风港。然而，它们也充当传统市场流动性的渠道，使用户能够接触加密资产或参与去中心化金融（DeFi）等活动。

Historically, significant stablecoin mints have often been associated with subsequent price increases. This observation suggests the potential for a positive market reaction in the near future.

从历史上看，大量的稳定币铸币往往与随后的价格上涨有关。这一观察结果表明，在不久的将来市场可能会出现积极的反应。

In conclusion, while Bitcoin's recent price retreat has raised concerns among some traders, analysts point to the cyclical nature of prices and the historical parallels with the 2020 bull run as reasons for optimism. Additionally, the recent issuance of stablecoins, seen as a measure of "dry powder" within the market, further supports the notion that the current correction may be a temporary setback in an otherwise bullish long-term trend.

总之，虽然比特币最近的价格回落引起了一些交易员的担忧，但分析师指出，价格的周期性以及与 2020 年牛市的历史相似之处是乐观的理由。此外，最近发行的稳定币被视为市场内“干粉”的衡量标准，进一步支持了这样一种观点，即当前的调整可能是长期看涨趋势中的暂时挫折。