比特幣（BTC）Exchange stablecoins比率在5以上損壞

正如分析師在一個加密快速帖子中所解釋的那樣，比特幣交換穩定股比率與加密貨幣價格的最新集會相同。

On-chain data shows that the ‘Exchange Stablecoins Ratio’ for Bitcoin has shot up recently.

鏈上數據表明，比特幣的“交換穩定比率”最近啟動了。

Bitcoin Exchange Stablecoins Ratio Breaks Above 5 As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Exchange Stablecoins Ratio has registered an increase alongside the latest rally in the cryptocurrency’s price.

分析師在加密快速帖子中解釋的那樣，比特幣交換穩定率的比率在5以上，比特幣交換穩定股比率與加密貨幣價格的最新集會一起增加了。

The Exchange Stablecoins Ratio here refers to an on-chain indicator that keeps track of the ratio between the Exchange Reserves of BTC and the stablecoins. The “Exchange Reserve” is naturally the total amount of the asset that’s sitting in the wallets of all centralized exchanges.

此處的Exchange Stablecoins比率是指一個鏈指標，該指標可以跟踪BTC和StableCoins的交換儲量之間的比率。 “交易儲備”自然是所有集中式交易所錢包中的資產的總量。

When the value of this indicator goes up, it means the Exchange Reserve of BTC is rising relative to that of the stablecoins. On the other hand, it going down implies stables are becoming more dominant on these platforms.

當該指標的價值上升時，這意味著BTC的交易所儲備相對於穩定的穩定儲備。另一方面，它的下降意味著馬s在這些平台上越來越占主導地位。

The Exchange Reserve of both of these asset classes represents something different with respect to the wider sector. In the case of Bitcoin (and other such volatile assets), the Exchange Reserve can be looked at as a measure of the available selling pressure in the market.

這兩個資產類別的交易儲備都代表了相對於更廣泛的部門的不同。就比特幣（以及其他此類波動性資產）而言，可以將交易所儲備視為衡量市場上可用銷售壓力的量度。

This is because of the fact that holders usually deposit their coins to these platforms when they intend to trade them away. The same remains true for the stablecoins as well, but since their price is ‘stable’ by nature, selling from investors has no effect on it.

這是因為事實是，持有人通常將硬幣存放到這些平台上時，他們打算交易它們。穩定幣也是如此，但是由於其價格本質上是“穩定”的，因此從投資者出售的價格也沒有影響。

However, selling of stablecoins does hold implications for the volatile side of the market, if the stables are being swapped in favor of tokens like BTC.

但是，如果銷售馬s的銷售確實對市場的動盪方面產生了影響，那麼如果馬s換了諸如BTC之類的代幣。

The assets being purchased using stables naturally feel a bullish effect on their price. As such, the Exchange Reserve of the stablecoins may be considered as a representation of the buying pressure in the sector.

使用馬s自然購買的資產對其價格產生了看漲的影響。因此，穩定幣的兌換儲備可以被視為該行業購買壓力的代表。

Now, here is a chart that shows the trend in the Bitcoin Exchange Stablecoins Ratio over the last few months, highlighted by the analyst:

現在，這是一張圖表，顯示了過去幾個月比特幣交換穩定股比率的趨勢，由分析師強調：

The above graph shows how the Bitcoin Exchange Stablecoins Ratio has been going up recently, a sign that investors have been depositing BTC at a faster rate than stablecoins. The metric is currently sitting at a value of 5.3, which suggests the BTC Exchange Reserve is more than five times that of the stablecoin one.

上圖顯示了比特幣交易所穩定的比率最近如何提高，這表明投資者比Stablecoins更快地存入BTC。該指標目前的價值為5.3，這表明BTC交易儲備是Stablecoin One的五倍以上。

This may be a bearish development for the cryptocurrency, as it implies the potential selling pressure in the sector notably outweighs the buying pressure that stables can bring.

這可能是加密貨幣的看跌開發，因為它意味著該行業的潛在銷售壓力尤其超過了馬s可以帶來的購買壓力。

As the quant says,

正如量子所說，

This surge above the 5.0 threshold echoes the late-January peak near 6.1, which preceded a swift correction—implying traders may be gearing up to rotate BTC back into cash.

在5.0閾值上方的這一激增呼應了1.1近6.1的1月末峰值，此前迅速進行了更正 - 可能正在努力將BTC旋轉為現金。

It now remains to be seen whether the Bitcoin rally would be able to keep going despite this trend or not.

現在，儘管這一趨勢趨勢，比特幣集會是否能夠繼續前進還有待觀察。