Tether (USDT) 交易所流入量近期保持高位，有助于推动比特币 (BTC) 和更广泛的加密货币反弹

链上数据显示，大量稳定币 USDT 最近已转移到交易所，可能成为比特币和更广泛的加密货币上涨的燃料。

A massive amount of the stablecoin Tether (USDT) has been observed moving to exchanges recently, according to on-chain data, which could be acting as fuel for the Bitcoin and broader cryptocurrency rally.

根据链上数据，最近观察到大量稳定币 Tether (USDT) 转移到交易所，这可能成为比特币和更广泛的加密货币上涨的燃料。

The Exchange Flow Balance for USDT, an indicator that tracks the net amount of a given asset entering or exiting the wallets associated with centralized exchanges, has seen several large positive spikes over the past month.

USDT 的交易流量余额是一项跟踪特定资产进出与中心化交易所相关的钱包净额的指标，在​​过去一个月中出现了几次大幅的正峰值。

This implies that large investors have been depositing their USDT tokens into these platforms. For assets like Bitcoin, a positive Exchange Flow Balance can be a bearish sign, as it could suggest the holders are planning to sell.

这意味着大型投资者已经将他们的 USDT 代币存入这些平台。对于像比特币这样的资产，正的交易流量平衡可能是一个看跌信号，因为它可能表明持有者计划出售。

However, the same isn’t true when the asset involved is a stablecoin. Investors generally store their capital in these fiat-tied tokens to avoid the volatility of Bitcoin and other cryptocurrencies.

然而，当涉及的资产是稳定币时，情况就不一样了。投资者通常将资金存储在这些与法定货币挂钩的代币中，以避免比特币和其他加密货币的波动。

Such users eventually plan to venture into the volatile side once they feel the conditions are right.

一旦他们觉得条件合适，这些用户最终会计划冒险进入波动性较大的领域。

And when the time comes, they naturally transfer to exchanges to swap to Bitcoin or whatever desired coin. This act of selling USDT does not affect its value since the coin is, by definition, always stable around the $1 mark.

当时机成熟时，他们自然会转移到交易所兑换成比特币或任何想要的硬币。这种出售 USDT 的行为不会影响其价值，因为根据定义，该代币始终稳定在 1 美元大关附近。

On the other hand, The asset they are shifting to does witness fluctuations from the purchase. As such, stablecoin exchange inflows are usually considered a bullish sign for Bitcoin and other assets.

另一方面，他们转向的资产确实因购买而出现波动。因此，稳定币交易流入通常被认为是比特币和其他资产的看涨信号。

During the last eight weeks, exchanges have received a net average of $40 million USDT. “Helping to fuel this bull rally and the many historic crypto pumps, look for stablecoin ‘dry powder’ to continue flowing in during this final stretch of 2024,” explains the analytics firm.

在过去八周内，交易所平均净收到 4000 万美元的 USDT。该分析公司解释说：“为了推动这次牛市反弹和许多历史性的加密货币暴涨，请寻找稳定币‘干粉’在 2024 年最后一段时间内继续涌入。”

Bitcoin set a new all-time high (ATH) beyond the $108,000 mark yesterday, but the coin appears to have seen a pullback since then, as its price is now trading around $104,500.

昨天，比特币创下了历史新高（ATH），突破了 108,000 美元大关，但此后该币似乎出现了回调，目前其价格约为 104,500 美元。