稳定蛋白的供应量显着上升，这激发了人们对加密牛市继续其动力的信心

比特币的最新激增遵循了这种模式，本周早些时候下跌低于77000美元，它在3月15日弹回到了84352美元

The crypto market continues to display strength, with a significant rise in the supply of stablecoins fueling confidence that the bull market has more room to run.

加密货币市场继续展现出力量，斯塔霉素的供应量显着上升，这加剧了对牛市有更多运行空间的信心。

According to DeFiLlama data, the total market capitalization of crypto surged to $228.98 billion by 15 March. This growth suggests liquidity remains strong, with investors keeping funds in digital assets rather than cashing out.

根据Defillama数据，到3月15日，加密货币的总市值飙升至2289.8亿美元。这种增长表明，流动性仍然很大，投资者将资金保留在数字资产中而不是兑现。

Crypto analytics firm IntoTheBlock reported on 14 March that stablecoin supply frequently reaches its highest levels when the broader crypto market is near its peaks. Back in April 2022, the supply hit a previous high of $187 billion, coinciding with a major cycle before the market experienced a downturn.

加密分析公司Intotheblock于3月14日报道说，当更广泛的加密市场接近其高峰时，Stablecoin供应经常达到其最高水平。早在2022年4月，该供应就达到了先前的1,870亿美元，与市场经历了低迷之前的主要周期相吻合。

As stablecoin supply now exceeds past records and continues to grow, analysts indicate that the market may not have reached its peak yet.

随着Stablecoin供应现在超过过去的记录并继续增长，分析师表明，市场可能还没有达到顶峰。

Bitcoin’s latest surge follows this pattern. After dropping below $77,000 earlier in the week, BTC bounced back to $84,352 by 15 March, reflecting a 2.8% increase in the past 24 hours.

比特币的最新激增遵循了这种模式。在本周早些时候下降到77,000美元以下之后，BTC在3月15日弹起至84,352美元，反映了过去24小时的2.8％。

Stablecoin Surge Signals Market Confidence

Stablecoin Expure Signals市场信心

Stablecoins are often seen as an indicator for liquidity and investor sentiment in the crypto market.

稳定币通常被视为加密货币市场中流动性和投资者情绪的指标。

According to Glassnode data, the collective market capitalization of key stable tokens—USDT, USDC, BUSD, and DAI—experienced an uptick, climbing from $204 billion to over $205 billion between 10 and 14 March.

根据GlassNode数据，主要稳定代币的集体市值（USDT，USDC，BUSD和DAI）经验丰富，在3月10日至14日之间的上升幅度从2040亿美元攀升至2040亿美元以上。

This rise implies that capital has not exited the ecosystem but rather lingers, possibly poised to flow back into more volatile assets such as Bitcoin and Ethereum.

这一崛起意味着资本并未退出生态系统，而是徘徊，可能有望恢复到比特币和以太坊等更波动的资产中。

Since 5 November 2024—U.S. Election Day—the stablecoin market has surged by 28%, suggesting that crypto investors are keeping substantial cash reserves. This expansion reflects a strategy to maintain crypto exposure while mitigating extreme price swings.

自2024年11月5日以来，美国的选举日 - Stablecoin市场飙升了28％，这表明加密投资者正在保留大量现金储备。这种扩展反映了一种维持加密货币风险的策略，同时减轻了极端价格波动。

Tracy Jin, MEXC’s Chief Operating Officer, highlighted this shift, remarking:

MEXC首席运营官Tracy Jin强调了这一转变，并说：

“The growth of the stablecoin market capitalization to a record indicates a massive capital rotation in the cryptocurrency ecosystem. Investors are moving against volatility as Bitcoin continues to experience downward pressure.”

“稳定的市值对记录的增长表明，加密货币生态系统的资本旋转大规模旋转。随着比特币继续承受向下压力，投资者正在反对波动。”

This capital shift is also evident in the decreased trading volume on spot cryptocurrency exchanges. According to CCData, the seven-day average for spot exchange volume dropped from $365.3 billion on 10 March to $344.4 billion on 14 March.

在现货加密货币交换的交易量减少中，这种资本转移也很明显。根据CCDATA的数据，现货交换量的7天平均水平从3月10日的3653亿美元下降到3月14日的3444亿美元。

This decreased activity in spot markets may indicate a preference for stablecoins as investors prefer to park funds in lower-risk assets.

在现货市场中，这种活动的下降可能表明，由于投资者更喜欢将资金停在低风险资产中，因此偏爱Stablecoins。

Institutional Money Moves in Stablecoins

机构资金以稳定的货币移动

Capital from institutional sources is increasingly flowing into stable tokens, highlighting a deepening adoption of digital assets.

机构资本的资本越来越多地流入稳定的代币，强调了数字资产的加深采用。

A major sign of this trend is the notable $2 billion investment by MGX, a sovereign wealth fund from Abu Dhabi, into Binance’s stablecoins.

这一趋势的一个主要迹象是，阿布扎比的主权财富基金MGX的著名投资归功于Binance的Stablecoins。

The fact that sovereign wealth funds are now using it for billion-dollar deals suggests that crypto liquidity is deepening and reinforcing adoption. This indicates that money – and users – are still there, perhaps in a consolidation phase, waiting to deploy capital as more opportunities arise.

主权财富基金现在正在将其用于十亿美元交易的事实表明，加密流动性正在加深和加强采用。这表明金钱和用户仍然存在，也许是在合并阶段，随着更多的机会而等待部署资本。

“The growing value of the stablecoins is a clear testament to the key role stablecoins play as the cornerstone of liquidity in the cryptocurrency industry and the maturing digital asset market,” Jin explained.

Jin解释说：“ Stablecoins的不断增长证明了Stablecoins在加密货币行业和成熟的数字资产市场中发挥的关键作用。”

With liquidity remaining strong and stablecoin supply continuing to rise, market observers suggest the crypto rally has more room to run rather than nearing a top.

由于流动性保持强劲而坚定的供应供应继续上升，市场观察家认为加密货币集会有更多的跑步空间，而不是接近顶部。

As long as capital remains in digital form, the market could still see further upside in the months ahead.Related Readings | VanEck Files For Avalanche ETF, Targeting Institutional Exposure To AVAX

只要资本仍然保持数字形式，市场仍然可以在未来几个月内进一步看到。雪崩ETF的Vaneck文件，针对机构暴露于avax