TON 质押 TVL 比率先于价格变动

CryptoQuant 是一家领先的市场情报提供商，最近揭示了 TON 价格与质押代币数量之间的关键联系。

CryptoQuant, a leading market intelligence provider, recently highlighted a crucial link between TON's price and the volume of staked tokens. According to the analysis, a consistent pattern emerges in TON: as the price of TON increases, the Staking TVL ratio decreases. This indicates that when prices rise, a large number of investors withdraw their staked tokens and direct them towards other trading opportunities available across other trading platforms.

领先的市场情报提供商 CryptoQuant 最近强调了 TON 的价格与质押代币数量之间的重要联系。根据分析，TON 出现了一个一致的模式：随着 TON 价格的上涨，Stake TVL 比率下降。这表明，当价格上涨时，大量投资者撤回其质押的代币，并将其引导至其他交易平台上提供的其他交易机会。

How the TON Staking TVL Ratio Precedes Price Movements“When the ratio declines, it signals that investors are less willing to lock their assets, opting instead to keep them available for trading.” – By @joao_wedson Further details 👇https://t.co/iSlWZxfTmg pic.twitter.com/ATu7XpzIhl

TON 质押 TVL 比率如何先于价格变动“当该比率下降时，这表明投资者不太愿意锁定其资产，而是选择将其保留用于交易。” – @joao_wedson 更多详情👇https://t.co/iSlWZxfTmg pic.twitter.com/ATu7XpzIhl

Exchanges Boost TON Price

交易所提升 TON 价格

This pattern was observed in March 2024 as the cryptocurrency hit new price highs. Corresponding to the rising price, the Staking TVL ratio drastically decreased, suggesting a weak inflow of fresh capital into staking. Simultaneously, money flowed into centralized exchanges (CEX) and decentralized exchanges (DEX) such as Ston.FI and Dedust. This shift in capital led to an increase in TVL within these exchange categories, and subsequently, the price was also driven upwards.

2024 年 3 月，当加密货币创下新的价格高点时，就观察到了这种模式。与价格上涨相对应的是，Stake TVL 比率大幅下降，表明新资金流入 Stake 的力度较弱。同时，资金流入中心化交易所（CEX）和去中心化交易所（DEX），例如Ston.FI和Dedust。这种资本转移导致这些交易所类别内的 TVL 增加，随后价格也随之上涨。

The Staking TVL ratio has declined, which is consistent with what seems to be a local bottom in the token price. This behavior goes against the common sense as staking interest declines at the time when the price hits the bottom. However, when funds are being moved from the staking to exchange, the increased liquidity of TON tokens naturally contributes to higher volumes and therefore higher prices.

质押 TVL 比率有所下降，这与代币价格的局部底部一致。这种行为违背了常识，因为当价格触底时，质押兴趣会下降。然而，当资金从质押转移到交易所时，TON 代币流动性的增加自然会导致交易量增加，从而导致价格上涨。

Staking Vs. Market Flexibility

质押对比市场灵活性

This pattern can be largely attributed to the demand for liquidity. Typically, when investors wish to unstake their tokens, they transfer them to exchanges to quickly engage in trades. This causes the number of TON tokens on the markets to grow, which, in turn, will lead to an increase in demand and price.

这种模式很大程度上可以归因于对流动性的需求。通常，当投资者希望取消抵押代币时，他们会将其转移到交易所以快速进行交易。这导致市场上 TON 代币的数量增加，进而导致需求和价格上涨。

While staking pertains to passive income and is beneficial for long-term returns, it does tie up tokens. In the event of highly volatile markets or new opportunities emerging within the market, investors may prefer to have the freedom to utilize their tokens without having them staked on the platform.

虽然质押属于被动收入并且有利于长期回报，但它确实会束缚代币。如果市场高度波动或市场中出现新机会，投资者可能更愿意自由使用其代币，而无需将其质押在平台上。

The Staking TVL ratio has now become an indicator to gauge the market sentiment. When the ratio decreases, investors are seen to be prioritizing liquidity parameters and trading activity over staking. This shift often culminates in the likelihood of a price surge due to the increased demand for the token. In this manner, investors will be able to gain insight into the possibility of changes in TON's price and market trend in the future.

Stake TVL 比率现已成为衡量市场情绪的指标。当该比率下降时，投资者会优先考虑流动性参数和交易活动而不是质押。由于代币需求增加，这种转变往往最终导致价格飙升。通过这种方式，投资者将能够洞察未来TON价格和市场走势变化的可能性。

The Staking TVL ratio serves as an invaluable tool to assess the attitude of investors within the market. The tendency of staking interest reducing as the price rises proves that liquidity is a key factor influencing the TON market.

质押 TVL 比率是评估市场投资者态度的宝贵工具。质押利息随价格上涨而减少的趋势证明流动性是影响 TON 市场的关键因素。