新数据确认

最近的市场数据证实，稳定菌的作用不断增加，导致比特币价格变动的发展。

Recent market data confirms that the increasing role of stablecoins is leading to the development of Bitcoin's price movements. Despite Bitcoin price peaks, stablecoins, mostly USDC and USDT, stay dominant and line up with previous market tops seen in March of 2024 and even back in 2021.

最近的市场数据证实，稳定菌的作用不断增加，导致比特币价格变动的发展。尽管比特币的价格达到了高峰，但稳定的稳定性（大部分是USDC和USDT），保持统治地位，并与2024年3月甚至2021年3月的Market Tops保持一致。

A Stablecoin Supply Ratio (SSR) Oscillator is being closely monitored by analysts and hasn't yet tipped off a strong Bitcoin accumulation pattern despite price corrections.

分析师正在密切监控Stablecoin供应率（SSR）振荡器，尽管价格进行了更正，但尚未确定强大的比特币积累模式。

Stablecoin Supply Growth and Bitcoin Price Influence

Stablecoin供应增长和比特币价格影响

The stablecoin supply has exceeded $221 billion which represents more than 1% of the U.S. dollar M2 money supply. Stablecoins have gained substantial ground in worldwide liquidity patterns through their significant $100 billion value increase since 2024.

Stablecoin供应已超过2210亿美元，占美元M2货币供应量的1％以上。自2024年以来，稳定币在全球流动性模式中取得了长足的基础。

USDT controls the stablecoin market but its market domination has decreased to 64% from 73%. USDC stablecoin has become more popular and its share of the market now stands at 25% while still maintaining an initial 20% level. The stablecoin market receives additional diversity from new market entrants Ethena's USDe and Usual's USD0.

USDT控制着Stablecoin市场，但其市场统治已从73％下降到64％。 USDC Stablecoin变得越来越受欢迎，其市场份额现在为25％，同时仍保持最初的20％水平。 Stablecoin市场从New Market Goordants的Ethena的USDE和通常的USD0获得了更多的多样性。

Bitcoin and Stablecoin Liquidity Trends

比特币和稳定流动性趋势

Bitcoin's market capitalization hasn't yet been recorded as meaningfully below the total stablecoin supply by the SSR Oscillator, a tool designed to measure this. Bollinger Bands are household oscillator which highlights deviations, where historically low levels were the indicator of strong accumulation phases.

SSR振荡器尚未将比特币的市值记录到有意义的稳定量供应，该振荡器旨在衡量这一点。布林带是家用振荡器，突出显示偏差，在历史上，较低的水平是强大积累阶段的指标。

At the moment, Bitcoin has still not moved into the lower buying zone, which would suggest that it is not yet at an ideal accumulation level. If Bitcoin's price begins to approach its previous peaks and stablecoin dominance continues to rise traders may view this as a warning sign that it is a reversal of the trend.

目前，比特币仍未进入较低的购买区，这表明它尚未达到理想的积累水平。如果比特币的价格开始接近以前的峰值，而Stablecoin的主导地位继续上升，则可以将其视为警告信号，即这是趋势的逆转。

Crypto Crime and the Shift to Stablecoins

加密犯罪和向稳定的转变

Recent report reveals that about $40 billion was transacted in illicit cryptos in 2024 and it could rise to as much as $51.3 billion after all data is parsed. Bitcoin was previously the coin of choice for illicit activity, but now stable coins are taking the lead.

最近的报告显示，2024年在非法加密货币中进行了约400亿美元的交易，在解析所有数据后，它可能会增加到513亿美元。比特币以前是非法活动的首选硬币，但现在稳定的硬币正在领导。

In 2021 Bitcoin was responsible for almost 70% of illegal transactions. But stablecoins are now the dominant force, accounting for 63% of illicit transaction volume, as bitcoin’s chunk has shrunk to 20%. While the increasing use of stablecoins for both legal finance and illegal practices may make them a preferred option for money laundering in that the coins are considered stable and supposedly regulated, analysts say.

在2021年，比特币造成了近70％的非法交易。但是现在，稳定的人是主要的力量，占非法交易量的63％，因为比特币的块缩水到20％。分析人士说，尽管越来越多的法律融资和非法做法的稳定币可能使它们成为洗钱的首选选择，因为硬币被认为是稳定且据称受监管的。

Will Bitcoin Face A Major Reversal?

比特币会面临重大逆转吗？

The influence on Bitcoin's price of stablecoins appears increasingly obvious as they expand enough to set the pace. Rising stablecoin reserves and SSR levels to historical highs mean that if historical trends hold, Bitcoin's next market top is nigh.

随着足够的扩展以设定步伐，对比特币价格的影响似乎越来越明显。 Stablecoin的储备和SSR水平上升到历史最高水平，这意味着，如果历史趋势成立，Bitcoin的下一个市场顶级就在附近。

Stablecoin movements and SSR trends will be watched closely from traders to further give more confirmation of how Bitcoin will move. If the accumulation signals appear, that may signify another buying opportunity, but if stablecoin dominance continues, Bitcoin's up move might stall.

稳定的运动和SSR趋势将从交易者密切关注，以进一步确认比特币的移动方式。如果出现积累信号，这可能意味着另一个购买机会，但是如果Stablecoin的主导地位继续进行，那么比特币的UP举动可能会停滞不前。

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

本文仅用于信息目的，不提供财务，投资或其他建议。作者或本文提到的任何人对投资或交易可能造成的任何财务损失概不负责。在做出任何财务决策之前，请进行研究。