稳定币最近目睹了增长的放缓

在X上的新帖子中，链上分析公司GlassNode谈到了Stablecoins市值的最新趋势。

On-chain analytics firm Glassnode is highlighting the latest trend in the market cap of the stablecoins.

链上分析公司玻璃节点强调了Stablecoins市值的最新趋势。

Stablecoins are cryptocurrencies that have their price pegged to a fiat currency, and investors usually store their capital in the form of these assets whenever they want to avoid the volatility associated with assets like Bitcoin. They plan to eventually buy back into the volatile side of the market, and when they do, they naturally provide a bullish boost to the price of whatever coin it is that they are swapping into.

稳定币是将其价格固定到法定货币的加密货币，投资者通常只要避免避免与比特币等资产相关的波动性，以这些资产的形式存储资本。他们计划最终回到市场的动荡方面，当他们这样做时，他们自然会促进他们互换的任何硬币的价格。

As such, the supply of the stablecoins can be viewed as a measure of the available dry powder waiting on the sidelines for BTC and other volatile digital assets. In this regard, an increase in the metric would naturally be a bullish sign for the sector.

因此，可以将稳定币的供应视为衡量可用的干粉，等待BTC和其他挥发性数字资产。在这方面，指标的增加自然是该行业的看涨迹象。

Now, here is the chart for the market cap of the stables shared by the analytics firm that shows the trend in its value over the last few years:

现在，这是分析公司共享的马able的市值的图表，显示了过去几年其价值的趋势：

The above graph shows that the stablecoins have been seeing their combined market cap going up for a while, suggesting these fiat-tied tokens have been getting capital injections.

上图显示，稳定的稳定的市值已经上升了一段时间，这表明这些菲亚人绑定的令牌一直在接受资本注射。

However, compared to the last couple of months of 2024, the metric’s growth rate has today declined drastically. The percentage change in the indicator still continues to be positive, but it has come quite close to dipping into the negative region.

但是，与2024年的最后几个月相比，该指标的增长率今天急剧下降。指标的百分比变化仍然是积极的，但是它已经非常接近浸入负区域。

The analytics firm explains, “As stablecoins serve as core quote assets across crypto markets, this slowdown adds further evidence of a broad contraction in digital asset liquidity and a more risk-off environment.”

这家分析公司解释说：“由于稳定币是整个加密货币市场的核心报价资产，这种放缓进一步增加了数字资产流动性和更风险的环境中广泛收缩的证据。”

From the chart, it’s apparent that a reversal to the downside meant a bear market in full swing for Bitcoin back in 2022. The trend in the stablecoin market cap could thus be to keep an eye on in the near future, to see if a similar reversal would take place for the metric this time as well.

从图表来看，很明显，逆转向下意味着熊市在2022年在比特币中如火如荼。因此，稳定的趋势可能是在不久的将来关注stablecoin市值，以查看这次度量是否会发生类似的逆转。

In some other news, the Bitcoin Coinbase Premium Gap has been making some recovery recently, as an analyst has pointed out in a CryptoQuant Quicktake post.

在其他新闻中，正如一位分析师在一个加密快速的Quicktake帖子中指出的那样，比特币共币高级差距最近正在恢复。

The “Coinbase Premium Gap” keeps track of the difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). The metric is currently in the negative, implying Coinbase users are potentially applying selling pressure relative to the Binance users, but its value has slowly been increasing, which can potentially be a positive sign for the asset.

“ Coinbase Premium Gap”跟踪Coinbase（USD对）上列出的比特币价格与Binance（USDT对）之间的差异。该指标目前处于负面状态，这意味着Coinbase用户潜在地相对于Binance用户施加销售压力，但其价值逐渐增加，这可能是资产的积极信号。

BTC Price

BTC价格

At the time of press, the price of Bitcoin stands at $85,366. In the last seven days, the token has gained over 7%.

在发布时，比特币的价格为85,366美元。在过去的七天中，令牌上涨了7％以上。