加密货币市场复苏：2024 年前景看好

加密货币市场正在复苏，投资者信心的增强推动了潜在的看涨趋势。 Bybit 2024 年机构报告显示，衍生品市场活动激增，机构对比特币和以太坊的投资增加，以及 Solana 等新兴区块链的崛起，正在挑战以太坊在交易量和锁定总价值（TVL）方面的主导地位。

Resurgence of the Crypto Market: A Bullish Outlook for 2024

加密货币市场的复苏：2024 年的乐观前景

The Bybit Institutional Report 2024 paints a compelling picture of a resurgent crypto market, fueled by renewed investor confidence and the emergence of promising new blockchain players.

Bybit 2024 年机构报告描绘了一幅引人注目的加密货币市场复苏图景，这得益于投资者信心的恢复和有前途的新区块链参与者的出现。

Market Momentum Restored

市场动力恢复

After a period of dormancy, the crypto market is regaining traction. The report notes that the overall market capitalization has witnessed a remarkable surge, from approximately $1 trillion in October 2023 to over $2.5 trillion by March 2024's conclusion. This upswing signals a potential bullish trend, supported by increased on-chain activity and growing institutional interest.

经过一段时间的休眠后，加密货币市场正在重新获得吸引力。报告指出，整体市值大幅飙升，从 2023 年 10 月的约 1 万亿美元增至 2024 年 3 月的超过 2.5 万亿美元。这种上涨预示着潜在的看涨趋势，受到链上活动增加和机构兴趣增长的支持。

Emerging Blockchains Disrupting Ethereum's Reign

新兴区块链颠覆以太坊的统治

The report highlights the growing relevance and potential of emerging blockchains. The native tokens of these challenger platforms have exhibited substantial growth, surpassing the performance of Ethereum, the current market leader. Solana (SOL) stands out as a prime example, consistently challenging Ethereum's dominance in transaction volume and Total Value Locked (TVL). This trend suggests a potential shift in the blockchain landscape, with new players gaining traction.

该报告强调了新兴区块链日益增长的相关性和潜力。这些挑战者平台的原生代币表现出了大幅增长，超过了当前市场领导者以太坊的表现。 Solana（SOL）就是一个典型的例子，它不断挑战以太坊在交易量和锁定总价值（TVL）方面的主导地位。这一趋势表明区块链格局可能发生转变，新参与者正在获得关注。

Derivatives Market Exudes Bullish Sentiment

衍生品市场弥漫看涨情绪

A positive outlook extends to the derivatives market, as evidenced by increased on-chain activity for Bitcoin (BTC) and Ethereum (ETH). The report indicates that the long-term call-put skews over the 30 days in March 2024 reveal a notably bullish sentiment, suggesting that investors maintain a generally optimistic outlook on the long-term price potential of these crypto majors.

比特币（BTC）和以太坊（ETH）的链上活动增加证明了衍生品市场的积极前景。该报告指出，2024 年 3 月 30 天内的长期看涨期权偏态揭示了明显的看涨情绪，表明投资者对这些加密货币专业的长期价格潜力保持普遍乐观的前景。

Institutional Interest in Bitcoin Ecosystem and AI

机构对比特币生态系统和人工智能的兴趣

Institutional crypto investment behavior reveals growing interest in projects within the Bitcoin ecosystem and the Artificial Intelligence (AI) field. Bitcoin's low correlation with traditional investments like stocks and bonds makes it an attractive asset for diversification and risk management within stock-heavy portfolios.

机构加密货币投资行为表明人们对比特币生态系统和人工智能（AI）领域内的项目越来越感兴趣。比特币与股票和债券等传统投资的相关性较低，使其成为以股票为主的投资组合中多元化和风险管理的有吸引力的资产。

Venture Capital Funding Soars

风险投资资金猛增

The crypto industry is witnessing a surge in Venture Capital (VC) funding. During the final quarter of 2023, funding deals increased by 21% to reach 174 transactions, with disclosed funding amounts totaling $1.42 billion. Q1 2024 witnessed an additional surge, with 243 deals securing $1.94 billion in disclosed investments, marking a 36% rise compared to Q4 2023.

加密行业见证了风险投资（VC）资金的激增。 2023 年最后一个季度，融资交易增加 21%，达到 174 笔，披露的融资金额总计 14.2 亿美元。 2024 年第一季度的披露投资额进一步激增，有 243 笔交易获得了 19.4 亿美元的投资，比 2023 年第四季度增长了 36%。

Infrastructure Projects Attract VC Attention

基础设施项目吸引风险投资关注

A significant portion of venture capital investments is directed towards infrastructure projects that build essential blockchain ecosystem components. These initiatives include hardware wallets, blockchain data providers, and solutions for industry obstacles. As traditional finance merges with crypto investments, newcomers and seasoned TradFi participants alike encounter increasing challenges.

风险投资的很大一部分针对构建重要的区块链生态系统组件的基础设施项目。这些举措包括硬件钱包、区块链数据提供商以及行业障碍的解决方案。随着传统金融与加密投资的融合，新手和经验丰富的 TradFi 参与者都面临着越来越多的挑战。

Upcoming Catalysts for Crypto Bull Run

加密货币牛市即将到来的催化剂

The report identifies the launch of Exchange-Traded Funds (ETFs) and the upcoming Bitcoin halving as the primary drivers for the next crypto bull run in 2024. ETFs provide a regulated avenue for institutional and retail investors to gain exposure to the crypto market, while the halving event is expected to reduce Bitcoin's supply, potentially driving its price higher.

该报告指出，交易所交易基金 (ETF) 的推出和即将到来的比特币减半是 2024 年下一次加密牛市的主要驱动力。ETF 为机构和散户投资者提供了进入加密市场的受监管途径，同时减半事件预计将减少比特币的供应，可能会推高其价格。

Conclusion

结论

The Bybit Institutional Report 2024 is a comprehensive and insightful analysis of the crypto market's current state and future prospects. The report's findings point to a bullish outlook, with emerging blockchains, growing institutional interest, and a surge in VC funding fueling the market's resurgence. As the crypto market continues to evolve and mature, investors should remain informed and consider the potential opportunities and risks associated with this burgeoning asset class.

Bybit 2024 年机构报告对加密货币市场的现状和未来前景进行了全面而富有洞察力的分析。该报告的调查结果表明前景乐观，新兴的区块链、机构兴趣的增长以及风险投资资金的激增推动了市场的复苏。随着加密货币市场的不断发展和成熟，投资者应随时了解情况并考虑与这一新兴资产类别相关的潜在机会和风险。