在市场压力下，Tether 大量购买比特币未能提振价格

尽管 Tether 最近收购了 8,888 个比特币，但该加密货币的价格已跌破 70,000 美元。这种意外的下跌归因于币安的清算、Grayscale 的 GBTC ETF 的资金流出以及衍生品市场的看跌情绪等因素，掩盖了 Tether 购买的看涨影响。

Tether's Bitcoin Purchase Fails to Prop Up Price Amidst Market Pressures

Tether 购买比特币未能在市场压力下支撑价格

In a notable transaction, Tether, the largest stablecoin issuer, recently acquired 8,888 Bitcoin (BTC), bringing its total BTC holdings to approximately 75,400. This significant purchase has raised eyebrows within the cryptocurrency community, particularly given the subsequent dip in Bitcoin's price.

在一笔值得注意的交易中，最大的稳定币发行商 Tether 最近收购了 8,888 枚比特币 (BTC)，使其持有的 BTC 总量达到约 75,400 枚。这一重大购买引起了加密货币社区的关注，特别是考虑到比特币价格随后下跌。

Traditionally, such large-scale Bitcoin purchases by Tether have tended to have a positive impact on the price of the cryptocurrency. However, in this instance, Bitcoin's price has fallen below $70,000, prompting speculation about the underlying factors at play.

传统上，Tether 如此大规模的比特币购买往往会对加密货币的价格产生积极影响。然而，在这种情况下，比特币的价格已跌破 70,000 美元，引发了人们对潜在因素的猜测。

According to blockchain analysis platform Arkham Intelligence, Tether's Bitcoin acquisition took place on March 31st. As a result, Tether now ranks among the largest Bitcoin holders globally, surpassing some prominent crypto exchanges and Spot Bitcoin ETF issuers.

据区块链分析平台 Arkham Intelligence 称，Tether 的比特币收购发生在 3 月 31 日。因此，Tether 现在跻身全球最大的比特币持有者之列，超过了一些著名的加密货币交易所和现货比特币 ETF 发行人。

Last year, Tether announced its intention to allocate a portion of its operating profits towards regular Bitcoin purchases to bolster its stablecoin reserves. Hence, its sizable BTC acquisition is not entirely unexpected, especially considering its recent financial success.

去年，Tether 宣布打算将部分营业利润用于定期购买比特币，以增强其稳定币储备。因此，其大规模收购比特币并不完全出乎意料，特别是考虑到其最近的财务成功。

The anomalous price dip following Tether's purchase has puzzled market watchers. Crypto trading firm QCP Capital attributes the sharp decline to "large liquidations on retail-heavy exchanges like Binance." Excessive leverage in the system resulted in a rapid unwinding of positions, driving the price of Bitcoin downwards.

Tether 收购后价格异常下跌令市场观察人士感到困惑。加密货币交易公司 QCP Capital 将大幅下跌归因于“像币安这样的零售密集型交易所的大规模清算”。系统中杠杆率过高导致头寸快速平仓，推动比特币价格下跌。

Spot Bitcoin ETFs, particularly Grayscale's GBTC, have also been implicated in Bitcoin's decline. Grayscale has experienced significant outflows from its fund, including $302.6 million on April 1st. This has contributed to a combined net outflow of $85.7 million for Bitcoin ETFs, further increasing the selling pressure on Bitcoin.

现货比特币 ETF，尤其是 Grayscale 的 GBTC，也与比特币的下跌有关。 Grayscale 的基金出现大量资金流出，其中 4 月 1 日资金流出 3.026 亿美元。这导致比特币 ETF 净流出总计 8570 万美元，进一步增加了比特币的抛售压力。

Activity in the derivatives market has further exacerbated the bearish sentiment. Data from Coinglass reveals that the market has witnessed liquidations totaling $409 million in the past 24 hours, with $328 million of these being from long positions.

衍生品市场的活动进一步加剧了看跌情绪。 Coinglass 的数据显示，过去 24 小时内市场清算总额达 4.09 亿美元，其中 3.28 亿美元来自多头头寸。

At the time of writing, Bitcoin is trading around $66,500, a decrease of over 4% in the last 24 hours. The market remains uncertain, with the selling pressure currently outweighing the buying pressure.

截至撰写本文时，比特币交易价格约为 66,500 美元，过去 24 小时内下跌超过 4%。市场仍存在不确定性，目前卖压大于买压。

While Tether's Bitcoin purchase is a significant indication of the company's confidence in the cryptocurrency's long-term prospects, it has failed to serve as a catalyst for an immediate price rally. Instead, a combination of factors, including liquidations, ETF outflows, and derivatives activity, have contributed to the current downward trend in Bitcoin's price.

尽管 Tether 购买比特币充分表明了该公司对加密货币长期前景的信心，但它未能成为价格立即上涨的催化剂。相反，包括清算、ETF 流出和衍生品活动在内的多种因素共同导致了当前比特币价格的下跌趋势。

Disclaimer: This news article is intended solely for informational purposes and does not constitute financial advice. Investing in cryptocurrencies carries inherent risks, and readers are strongly advised to conduct their own research before making any investment decisions.

免责声明：本文仅供参考，并不构成财务建议。投资加密货币具有固有的风险，强烈建议读者在做出任何投资决定之前进行自己的研究。