分析師說

Crypto分析師Real Vision的首席策略師Jamie Coutts認為，全球流動性可以成為比特幣下一次主要集會的有力催化劑。

Crypto analyst Jamie Coutts, chief strategist at Real Vision, is highlighting the potential impact of surging global liquidity on Bitcoin’s next major rally.

Crypto分析師Real Vision的首席策略師Jamie Coutts強調了全球流動性對比特幣下一次主要集會的潛在影響。

According to Coutts, total global liquidity has hit a staggering high of nearly $140 trillion following years of contraction.

根據Coutts的說法，在收縮年後，全球流動性的近近140萬億美元達到了驚人。

Coutts noted on X (formerly Twitter) that liquidity is a historical driver of asset price explosions. With central banks lagging behind economic developments, he forecasts a possible 10% rise in global liquidity—equivalent to about $13 trillion—over the next year.

Coutts在X（以前是Twitter）上指出，流動性是資產價格爆炸的歷史驅動力。隨著中央銀行落後於經濟發展，他預測明年的全球流動性可能會增長10％（相當於約13萬億美元）。

“This would equate to $186,000 BTC using a blended regression model,” he wrote. “Those who held steady and accumulated during recent market turbulence should be better for it in what comes next.”

他寫道：“使用混合回歸模型，這將等於$ 186,000 BTC。” “那些在最近市場動盪期間保持穩定和積累的人應該在接下來的事情中更好。”

With central banks clearly behind the curve, we could see global liquidity rise by approx. 10% or $13T over the next 12 months. This would equate to $186,000 BTC using a blended regression model.

隨著中央銀行顯然在曲線後面，我們可以看到全球流動性大約上升。在接下來的12個月中10％或$ 13T。使用混合回歸模型，這將等同於$ 186,000 BTC。

Those who held steady and accumulated during recent market turbulence should be better for it in what comes next. pic.twitter.com/axtshD0yba

那些在最近市場動盪期間保持穩定和積累的人應該在接下來的事情中更好。 pic.twitter.com/axtshd0yba

— Jamie Coutts CMT (@Jamie1Coutts) April 23, 2025

- Jamie Coutts CMT（@jamie1coutts）2025年4月23日

Volatility Favors Bitcoin Over Traditional Assets

波動率比比特幣比傳統資產有利於比特幣

Coutts also touched upon the shifting volatility dynamics between crypto and traditional markets. He observed that Bitcoin’s volatility has been decreasing, whereas traditional assets like bonds and equities are becoming more volatile.

Coutt還談到了加密和傳統市場之間的動態動態變化。他觀察到比特幣的波動性一直在下降，而債券和股票等傳統資產越來越揮發。

“Volatility isn’t the enemy, provided you’re being compensated by higher returns,” explained Coutts. “That is not the case for Bonds and Equities relative to Bitcoin.”

Coutts解釋說：“波動不是敵人，只要您被更高的回報所彌補。” “相對於比特幣，債券和股票不是這種情況。”

SEE ALSO: How To Invest In Bitcoin According To A Former Goldman Sachs Executive

另請參見：如何根據一位前高盛（Goldman Sachs）進行投資比特幣

His analysis over the past four months shows Bitcoin’s volatility-adjusted return at -7.12, compared to the S&P 500 index’s -45.08. This metric, known as volatility-normalized return, measures how well an asset performs relative to its price fluctuations—higher values denoting better risk-adjusted returns.

在過去的四個月中，他的分析表明，與標準普爾500指數的-45.08相比，比特幣的波動率調整後的回報為-7.12。該度量標準（稱為波動率均衡的回報）衡量了資產相對於其價格波動的性能 - 更高的值表示更好的風險調整後收益。

As global macroeconomic trends continue to unfold, the interplay between liquidity, asset prices, and market volatility remains a subject of keen interest for market participants worldwide.

隨著全球宏觀經濟趨勢繼續展開，流動性，資產價格和市場波動之間的相互作用仍然是全球市場參與者敏銳的興趣的主題。