稳定币飙升助长了比特币看涨情绪，推动涨势达到前所未有的高点

稳定币的流入表明交易者对比特币（BTC）潜力达到新的历史高点的预期。 KuCoin Research 的数据显示，在比特币即将到来的减半事件之前，投资者热情推动了 Tether (USDT) 和 USD Coin (USDC) 的发行量增加。从历史上看，稳定币余额和外汇流入与比特币价格飙升相关，这表明交易者正在为比特币的上行势头持续做好准备。

Stablecoin Surge Signals Bullish Sentiment, Propelling Bitcoin Towards New Highs

稳定币飙升预示着看涨情绪，推动比特币迈向新高

A surge in stablecoin inflows, particularly in Tether (USDT) and USD Coin (USDC), has emerged as a compelling indicator of impending bullish momentum for Bitcoin (BTC). This influx suggests that traders are positioning themselves for a potential rally that could propel Bitcoin to unprecedented heights.

稳定币流入的激增，尤其是 Tether (USDT) 和美元代币 (USDC) 的流入，已成为比特币 (BTC) 即将看涨势头的一个令人信服的指标。这种涌入表明交易者正在为潜在的反弹做好准备，这可能会将比特币推向前所未有的高度。

According to a report by KuCoin Research, the increase in stablecoin inflows is strongly correlated with the upcoming Bitcoin supply halving event, scheduled to occur in just seven days. This event is expected to significantly reduce the issuance of new Bitcoins, potentially exacerbating supply constraints and triggering a sustained price appreciation.

KuCoin Research 的一份报告显示，稳定币流入量的增加与即将到来的比特币供应减半事件密切相关，该事件预计将在短短 7 天内发生。预计这一事件将大幅减少新比特币的发行量，可能会加剧供应限制并引发价格持续上涨。

The report highlights the continuous increase in USDT and USDC issuance, reflecting heightened enthusiasm for crypto assets among European and American investors. While Binance USD, True USD (TUSD), and PayPal USD (PYUSD) have experienced declines in issuance, the market dominance of the two largest stablecoins has remained unwavering.

报告强调，USDT和USDC发行量持续增加，反映出欧美投资者对加密资产的热情高涨。尽管币安美元、True USD (TUSD) 和 PayPal USD (PYUSD) 的发行量有所下降，但这两个最大的稳定币的市场主导地位仍然坚定不移。

KuCoin Research analysts emphasize the substantial increases in USDT and USDC issuance: "The issuance of USDT increased by 5.825 billion in March, and USDC issuance increased by 3.803 billion, showing a significant increase compared to the previous month."

KuCoin Research分析师强调USDT和USDC发行量大幅增加：“3月份USDT发行量增加58.25亿份，USDC发行量增加38.03亿份，较上月大幅增长。”

This surge in stablecoin balances occurred in early March, coinciding with Bitcoin's previous all-time high. Data from Glassnode analysts revealed a record-breaking inflow of USDT into exchanges on March 3, rising by 192% from $806.2 million to $2.466 billion on March 5. Notably, BTC breached its previous all-time high of $69,800 on that same day.

稳定币余额的激增发生在 3 月初，与比特币之前的历史新高同时发生。 Glassnode 分析师的数据显示，3 月 3 日，USDT 流入交易所创纪录，从 8.062 亿美元增长 192%，至 3 月 5 日的 24.66 亿美元。值得注意的是，BTC 在同一天突破了之前的历史新高 69,800 美元。

"During this period, compared to other stablecoins, the correlation between USDT in CEX and BTC's price was higher," noted the report.

报告指出，“在此期间，与其他稳定币相比，CEX 中的 USDT 与 BTC 价格的相关性更高。”

A similar pattern has unfolded in recent days. According to Glassnode data, the total stablecoin balance on all exchanges has climbed from $19.7 billion on April 7 to the current level of $20.34 billion. This indicates that traders are actively preparing to open new positions, anticipating a resumption of Bitcoin's uptrend.

最近几天也出现了类似的情况。 Glassnode数据显示，所有交易所的稳定币总余额已从4月7日的197亿美元攀升至目前的203.4亿美元。这表明交易者正在积极准备开设新头寸，预计比特币将恢复上涨趋势。

Additional data from CryptoQuant reveals a parallel increase in the number of transactions depositing stablecoins to exchanges, reinforcing the notion that market participants are readying themselves for a potential upswing.

CryptoQuant 的其他数据显示，向交易所存入稳定币的交易数量同时增加，这强化了市场参与者正在为潜在的上涨做好准备的观念。

The overall stablecoin market capitalization has also witnessed a notable increase, rising by 2.8% from $150.42 billion on April 1 to $154.7 billion at the time of writing, as per DefiLlama data. USDT maintains its market dominance, accounting for over 69.1% of this value with a market cap of $107.3 billion.

根据 DefiLlama 的数据，稳定币的整体市值也出现了显着增长，从 4 月 1 日的 1504.2 亿美元增至撰写本文时的 1547 亿美元，增长了 2.8%。 USDT 保持其市场主导地位，占该价值的 69.1% 以上，市值为 1073 亿美元。

Historically, the growth of stablecoin balances on exchanges and stablecoin market caps has served as a reliable indicator of market traders' positioning. As highlighted by KuCoin Research, a surge in stablecoin inflows to exchanges preceded Bitcoin's rally to all-time highs in March.

从历史上看，交易所稳定币余额和稳定币市值的增长一直是市场交易者仓位的可靠指标。正如 KuCoin Research 所强调的那样，在 3 月份比特币涨至历史新高之前，稳定币流入交易所的数量激增。

"USDT and USDC continue to lead in total issuance and inflows of stablecoins into CEX, helping to push BTC to historical highs," the report states.

报告指出，“USDT 和 USDC 在 CEX 稳定币发行总量和流入量方面继续领先，帮助推动 BTC 升至历史高位。”

Analysts speculate that BTC could surpass the $100,000 mark. According to X social network user The Moon, Bitcoin's current parabolic trend could reach $100,000 by the end of next week.

分析师推测 BTC 可能突破 10 万美元大关。据 X 社交网络用户 The Moon 称，比特币当前的抛物线趋势可能在下周末达到 10 万美元。

While The Moon's prediction may appear audacious, analysts at market data tracking firm Santiment echo these sentiments, suggesting that BTC could soon hit $100,000 if the correlation between crypto and U.S. stocks continues to diminish.

虽然 Moon 的预测可能显得大胆，但市场数据跟踪公司 Santiment 的分析师也赞同这些观点，他们认为，如果加密货币与美国股票之间的相关性继续减弱，比特币可能很快就会达到 10 万美元。

In an April 11 YouTube Video, Santiment's director of marketing, Brian Quinlivan, observed Bitcoin's divergence from the S&P 500, a historically bullish signal for BTC.

在 4 月 11 日的 YouTube 视频中，Santiment 的营销总监 Brian Quinlivan 观察到比特币与标准普尔 500 指数的背离，这是 BTC 的历史看涨信号。

According to Quinlivan, the most extended bull runs over the past 15 years have often coincided with periods of low to no correlation between Bitcoin's price and the S&P 500.

Quinlivan 表示，过去 15 年持续时间最长的牛市往往发生在比特币价格与标准普尔 500 指数之间相关性较低甚至没有相关性的时期。

"It doesn't have to be opposite like this, but if they are moving in their own ways, it's a good sign that we can continue forward and hit those $80,000, $90,000, $100,000 levels that many of the bulls out there are often mentioning," Quinlivan said.

“情况不一定是这样相反，但如果他们以自己的方式前进，这是一个好兆头，表明我们可以继续前进并触及许多多头经常提到的 80,000 美元、90,000 美元、100,000 美元水平”昆利文说道。

Price analysis firm Econometrics predicts that if Bitcoin's growth trajectory following the fourth halving mirrors that of previous cycles, "BTC could go anywhere between $140K and $4.5M per coin."

价格分析公司 Econometrics 预测，如果比特币第四次减半后的增长轨迹与之前的周期一致，“比特币的价格可能会在每枚 14 万美元到 450 万美元之间。”

"That's quite the range for sure, but the point is that the lower bound is in the six figures range," the firm noted.

该公司指出：“这肯定是一个相当大的范围，但重点是下限在六位数范围内。”

While the market eagerly awaits whether Bitcoin's price will reach $100,000 and beyond, the surge in stablecoin inflows provides a persuasive indication of market participants' expectations for further gains in BTC's value.

尽管市场热切等待比特币的价格是否会达到 10 万美元及以上，但稳定币流入的激增令人信服地表明了市场参与者对比特币价值进一步上涨的预期。

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