系绳（USDT）供应激增向比特币市场注入新的资本，与过去的恢复趋势保持一致

随着Stablecoin流动性的激增，比特币的价格势头正在改善，Tether's（USDT）市值增长了57.5亿美元

A massive surge in Tether’s (USDT) stablecoin supply has injected fresh capital into crypto markets, aligning with past Bitcoin (BTC) recovery trends, data from CryptoQuant reveals.

CryptoQuant的数据显示，Tether（USDT）Stablecoin供应的大量激增将新的资本注入了加密货币市场，与过去的比特币（BTC）恢复趋势保持一致。

Tether stablecoin market cap expands rapidly, impacting Bitcoin price

系绳Stablecoin市值迅速扩大，影响比特币价格

系绳Stablecoin市值迅速扩大，影响比特币价格

Over the past 60 days, Tether’s stablecoin market cap has expanded by $5.75 billion, outpacing its 60-day Simple Moving Average (SMA) of $3.46 billion. This trend, which is "historically linked to higher Bitcoin prices," was highlighted by CryptoQuant in a March 13 post on X.

在过去的60天中，Tether的Stablecoin市值增长了57.5亿美元，超过了60天简单的移动平均值（SMA）34.6亿美元。这种趋势“从历史上与更高的比特币价格联系在一起”，在3月13日的X上发表的一篇文章中突出了加密量。

📊 Tether’s (USDT) stablecoin market cap has expanded rapidly, impacting #Bitcoin prices.

tether（USDT）Stablecoin市值迅速扩大，影响了#BitCoin的价格。

According to a recent post by community manager Crypto Dan, such trends are “historically linked to higher Bitcoin prices.”

根据社区经理Crypto Dan的最新帖子，此类趋势“从历史上讲与更高的比特币价格有关”。

Read more, in cooperation with BestEffort: https://t.co/5b530KzM8v pic.twitter.com/a97yzYf2j6

阅读更多，与Bestfort合作：https：//t.co/5b530kzm8v pic.twitter.com/a97yzyf2j6

— CryptoQuant (@CryptoQuant_) March 13, 2024

- cryptoquant（@cryptoquant_）2024年3月13日

Furthermore, on-chain data firm Santiment has also reported a surge in Tether’s on-chain activity. On March 11, over 143,000 wallets made transfers, marking a six-month high, as reported by the firm in an X post.

此外，链上数据公司的santiment还报道了系绳的链活动激增。 3月11日，该公司在X帖子中报道的那样，超过143,000个钱包进行了转移，标志着六个月的高度。

The post suggests that "when USDT & other stablecoin activity spikes during price drops, traders prepare to buy." This added buying pressure can help crypto prices recover.

该帖子表明，“当价格下跌期间USDT和其他Stablecoin活动峰值时，交易者准备购买。”这种增加的购买压力可以帮助加密价格恢复。

💸 Tether's on-chain activity has been rapidly rising, with over 143K wallets making transfers yesterday alone (a 6-month high).

tether链的链活动迅速上升，仅昨天超过143k的钱包就进行了转移（6个月高）。

When $USDT & other stablecoin activity spikes during price drops, traders are preparing to buy. This added buy pressure aids in crypto prices recovering.

当价格下跌期间$ USDT和其他Stablecoin活动峰值时，交易者准备购买。这增加了购买压力有助于加密价格恢复。

— Santiment (@santimentlabs) March 12, 2024

- Santiment（@santimentLabs）2024年3月12日

Bitcoin faces selling pressure from large holders

比特币面对大型持有人的压力

比特币面对大型持有人的压力

However, Bitcoin faces selling pressure from large holders. According to Santiment data, wallets holding between 100 and 1,000 BTC offloaded over 50,600 BTC—roughly $4.07 billion—in the past week.

但是，比特币面对卖出大型持有人的压力。根据Santiment数据，在过去一周中，容纳100至1,000 BTC的钱包在50,600 BTC中卸载了超过50,600 BTC（大量40.7亿美元）。

📉 Bitcoin's key stakeholders are showing signs of dumping:

📉比特币的主要利益相关者正在显示倾销的迹象：

🐳 Wallets with 100-1,000 #BTC: -50,625 Bitcoin (-$4.07B) in the past week

🐳用100-1,000 #BTC的钱包：-50,625比特币（ - $ 4.07B）

🦈 Wallets with 10-100 $BTC: -7,062 Bitcoin (-$567.1M) in the past week

th带10-100美元的钱包BTC：-7,062比特币（-5.671亿美元）

Over the long-term, markets tend to fluctuate with a mid-sized… pic.twitter.com/jSioi9mzuS

从长远来看，市场往往会随着中型…pic.twitter.com/jsioi9mzus而波动

— Santiment (@santimentlabs) March 10, 2024

- santiment（@santimentLabs）2024年3月10日

This sell-side pressure is significant, especially considering that such large-scale sell-offs have typically contributed to short-term volatility in Bitcoin’s price.

这种卖方压力很大，尤其是考虑到这样的大规模抛售通常会导致比特币价格短期波动。

At the same time, the total Bitcoin holdings by wallets with 10 to 100 BTC have also decreased by 7,062 BTC, amounting to approximately $567.1 million, over the past seven days.

同时，在过去的七天中，比特币的总比特币持有的钱包也减少了7,062 BTC，总计约5.671亿美元。

As Bitcoin approaches the oversold zone, analysts are divided on whether this signals the start of a sustained rally or further downward pressure on the world’s leading cryptocurrency.

随着比特币接近超售区域，分析师在这表明对世界领先的加密货币的持续集会或进一步向下压力的情况下存在分歧。

According to the analysis of the CryptoQuant’s community manager Crypto Dan, Bitcoin’s Market Value to Realized Value (MVRV) ratio has dropped to 1.8, approaching its 2024 low of 1.71. This level has historically signaled buying opportunities.

根据对加密社区经理Crypto Dan的分析，比特币对实现价值（MVRV）比率的市场价值已下降到1.8，其2024低点为1.71。该水平历史上标志着购买机会。

At the same time, short-term Bitcoin holdings surged to 23% in March, mirroring a pattern seen in December 2024 before a market correction.

同时，短期比特币持有量在3月飙升至23％，反映了2024年12月在市场更正之前看到的模式。

While Bitcoin could still dip into the $70,000 range, Dan noted that extensive deleveraging may reduce the need for further declines.

尽管比特币仍然可以降至70,000美元的范围，但丹指出，广泛的去杠杆化可能会减少进一步下降的需求。

“The market is in the final phase of the upward cycle, experiencing a strong correction, which increases both risk and investment difficulty,” he said.

他说：“市场正处于向上周期的最后阶段，经历了强大的纠正，这增加了风险和投资困难。”

“However, as the market enters an oversold state, the probability of a rebound also increases.”

“但是，随着市场进入一个超售的州，反弹的可能性也会增加。”

Despite these indicators, uncertainty remains. While stablecoin growth typically supports Bitcoin rebounds, short-term sentiment remains fragile.

尽管有这些指标，但仍然存在不确定性。尽管Stablecoin的增长通常支持比特币篮板，但短期情绪仍然脆弱。

Whale activity, macroeconomic trends, and the strength of any potential recovery will play a crucial role in determining Bitcoin’s next move.

鲸鱼活动，宏观经济趋势和任何潜在恢复的强度将在确定比特币的下一步行动中起着至关重要的作用。