山寨币复兴引发期货繁荣，以太币飙升

Has Ether Regained Its Footing Amidst Altcoin Revival?

以太币在山寨币复兴中重新站稳脚跟了吗？

In a resurgence of interest, ether futures have soared to unprecedented heights, eclipsing $4.5 billion in daily volume for the first time since June 2019. This surge coincides with a remarkable 70% rally in ether's price, propelled by a renewed appetite for alternative cryptocurrencies.

随着人们的兴趣重新燃起，以太坊期货飙升至前所未有的高度，日交易量自 2019 年 6 月以来首次突破 45 亿美元。这一飙升恰逢以太币价格大幅上涨 70%，原因是人们对替代加密货币的兴趣重新燃起。

The Altcoin Renaissance

山寨币复兴

After a prolonged period of dominance by bitcoin, the tide seems to have turned in favor of altcoins this year, with ether leading the charge. While bitcoin notched an impressive 90% gain in 2019, ether faltered, declining by 1%. However, the tables have turned, with ether doubling in value since January 1st, while bitcoin trails with a more modest 41% increase.

在比特币长期占据主导地位之后，今年的潮流似乎转向了有利于山寨币的方向，其中以太币引领潮流。尽管比特币在 2019 年取得了令人印象深刻的 90% 涨幅，但以太币却步履蹒跚，下跌了 1%。然而，情况发生了转变，自 1 月 1 日以来，以太币的价值翻了一番，而比特币则以 41% 的温和涨幅落后。

BitMEX, Huobi, and OKEx: The Power Trio

BitMEX、火币和 OKEx：权力三重奏

Three exchanges – BitMEX, Huobi, and OKEx – have emerged as the primary drivers of this ether futures boom, collectively accounting for nearly 85% of Wednesday's record-breaking volume. BitMEX alone processed a staggering $1.3 billion in trades, its highest dollar volume since July 2019.

BitMEX、Huobi 和 OKEx 三个交易所已成为以太坊期货繁荣的主要推动者，合计占周三创纪录交易量的近 85%。仅 BitMEX 就处理了惊人的 13 亿美元交易量，这是自 2019 年 7 月以来的最高交易量。

Open Interest Hits All-Time High

未平仓合约创历史新高

The ether rally is not merely a fleeting phenomenon. It is underpinned by a substantial rise in open interest, indicating a growing number of active futures contracts. As of Wednesday, aggregate open interest reached a record $750 million, a remarkable 130% surge from the $320 million mark on January 1st. This confluence of price and open interest growth suggests a sustained uptrend for ether.

以太币的上涨不仅仅是一种短暂的现象。未平仓合约大幅增加支撑了这一趋势，这表明活跃的期货合约数量不断增加。截至周三，未平仓合约总额达到创纪录的 7.5 亿美元，较 1 月 1 日的 3.2 亿美元大关飙升 130%。价格和未平仓合约增长的结合表明以太坊的持续上涨趋势。

Ether Options: A Tale of Two Risk Perceptions

以太期权：两种风险认知的故事

While ether futures have surged, options markets paint a more nuanced picture. Traders perceive greater risk in ether than in bitcoin over the coming months. This divergence suggests that investors are hedging their bets and opting for the relative stability of bitcoin amidst the current volatility in the altcoin market.

尽管以太坊期货大幅上涨，但期权市场描绘了一幅更加微妙的图景。交易员认为未来几个月以太币的风险比比特币更大。这种差异表明，在当前山寨币市场的波动中，投资者正在对冲他们的赌注，并选择相对稳定的比特币。

Conclusion

结论

The resurgence of ether and altcoins marks a significant shift in the cryptocurrency landscape. As the market warms to alternative digital assets, ether has emerged as a leading force. With futures volumes and open interest at record highs, the rally seems poised to continue, supported by a renewed appetite for risk and the growing adoption of ethereum-based altcoins.

以太币和山寨币的复苏标志着加密货币格局的重大转变。随着市场对另类数字资产的热情升温，以太币已成为主导力量。随着期货交易量和未平仓合约创下历史新高，在风险偏好重燃和基于以太坊的山寨币的日益普及的支撑下，涨势似乎将持续下去。