Polkadot 国债储备跌至历史低点

自 2024 年第一季度 DOT 升至 10 美元左右以来，不屈不挠的空头一直在迫使价格走低，耗尽了 Polkadot 的国债储备。

Polkadot (DOT) prices have been battered by the 2024 bear market, impacting the blockchain’s war chest. After rising to highs above $9 in Q1, prices have failed to inspire bulls.

Polkadot (DOT) 的价格受到 2024 年熊市的打击，影响了区块链的资金。在第一季度升至 9 美元以上的高位后，价格未能激发多头的兴趣。

Now, as bears continue to push prices lower, depleting the Polkadot (DOT) Treasury Reserves, a critical level of support could determine the next trend.

现在，随着空头继续压低价格，耗尽 Polkadot (DOT) 国债储备，关键的支撑水平可能会决定下一个趋势。

DOT Prices Critical Support, Treasury Reserves At All-Time Lows

DOT 价格关键支撑，国债储备处于历史低点

Unyielding bears have been forcing prices lower over the months since DOT last rose to around $10 in Q1 2024, depleting the Polkadot Treasury Reserves.

自 DOT 上次在 2024 年第一季度升至 10 美元左右以来，几个月来，不屈不挠的空头一直在迫使价格走低，耗尽了 Polkadot 的国债储备。

One observer on X noted that, as of early November, the reserves stood at all-time lows. However, it could get worse for Polkadot if the bears of Q3 2024 flow back, forcing prices below local support levels.

X 的一位观察家指出，截至 11 月初，储备处于历史最低水平。然而，如果 2024 年第三季度的空头回流，迫使价格低于当地支撑位，那么 Polkadot 的情况可能会变得更糟。

DOT Daily Price Chart

DOT 每日价格图表

The daily chart shows that DOT has critical support at around $3.8. This level marks September and October lows. On the other hand, the coin is facing strong liquidation pressure at $4.6 and $5.

日线图显示，DOT 在 3.8 美元附近有关键支撑。该水平标志着九月和十月的低点。另一方面，该币在 4.6 美元和 5 美元处面临强大的清算压力。

As the coin ranges, the direction of the breakout could shape the short—to medium-term trend but also impact the Polkadot Treasury.

随着代币的波动，突破的方向可能会影响中短期趋势，但也会影响 Polkadot 金库。

DOT Prices May Determine Treasury Fate

DOT 价格可能决定国债的命运

A lot depends on whether DOT prices will recover, which will, in turn, help the Polkadot Treasury reserves recover. Technically, prices play a big role. When bulls take over, the reserve, denominated in DOT, increases in USD terms, easing pressure on the team.

很大程度上取决于 DOT 价格是否会恢复，这反过来又会帮助 Polkadot 财政部储备恢复。从技术上讲，价格起着很大的作用。当多头接管时，以 DOT 计价的储备金以美元计算会增加，从而缓解团队的压力。

To further increase inflows into the Treasury Reserves, the Polkadot community passed a policy to reduce inflation. Specifically, the community voted to drop DOT annual inflation from 10% to 8%.

为了进一步增加流入国库储备的资金，Polkadot 社区通过了一项降低通货膨胀的政策。具体来说，社区投票决定将 DOT 年通胀率从 10% 降至 8%。

With low inflation and sustained on-chain demand, DOT prices may find support. Additionally, 15% of staking rewards distributed from stakers will be moved to the Treasury.

由于低通胀和持续的链上需求，DOT 价格可能会得到支撑。此外，质押者分配的质押奖励的 15% 将转移到财政部。

The analyst predicts that these changes could boost the Treasury by adding 1.5 million DOT. This will be the much-needed infusion of funds that may increase the Treasury Reserves after months of low income.

分析师预测，这些变化可能会增加 150 万个 DOT，从而提振财政部。这将是急需的资金注入，可能会在经历数月的低收入之后增加国库储备。

Polkadot (DOT) Treasury Funds Depleted

Polkadot (DOT) 国库资金耗尽

The team could build better and even strike quality partnerships, improving the blockchain’s ecosystem. Based on H1 2024 data, the team spent most on outreach, while nearly 27% went to development.

该团队可以建立更好的甚至建立高质量的合作伙伴关系，从而改善区块链的生态系统。根据 2024 年上半年的数据，团队将大部分支出用于外展，而近 27% 用于开发。

The rest was split between funding research, operations, talent, and the economy. Given the valuation in the year’s first half, they spent $87 million, or around 11 million DOT, in total.

其余部分用于资助研究、运营、人才和经济。考虑到今年上半年的估值，他们总共花费了 8700 万美元，即约 1100 万个 DOT。