比特幣的[BTC]下一個大動作可能已經在運動

比特幣的[BTC]下一個大動作可能已經在運動。比特幣與穩定的儲物儲備比率已在$ 76K大關附近翻轉看漲，這表明了Stablecoin儲備金的激增。

Bitcoin’s [BTC] next big move might already be in motion. The bitcoin-to-stablecoin reserve ratio on Binance has flipped bullish near the $76K mark, signaling a surge in stablecoin reserves.

比特幣的[BTC]下一個大動作可能已經在運動。比特幣與穩定的儲物儲備比率已在$ 76K大關附近翻轉看漲，這表明了Stablecoin儲備金的激增。

Historically, similar patterns in 2020 and late 2022 preceded major BTC rallies, suggesting that fresh capital could soon flood into the market.

從歷史上看，2020年和2022年底的類似模式在BTC重大集會之前，表明新的資本很快就會湧入市場。

BTC breaks through 94K as signal flashes at $76K

BTC突破94K，信號閃爍為76K $

At press time, Bitcoin has decisively broken through the $94K barrier, cementing its strength after weeks of tight-range consolidation.

發稿時，比特幣在$ 94K的障礙物中果斷地破壞了，在經過數週的緊密整合後，比特幣鞏固了其強度。

What makes this breakout particularly compelling is the timing: the Binance Bitcoin/Stablecoin Reserve Ratio, a key liquidity signal, flashed bullish around the $76K-$77K range.

使這一突破特別引人注目的是時機：二元比特幣/穩定儲備儲備比，一個關鍵的流動性信號，在76k- $ 77,77k的範圍內閃爍了看漲。

Image Credit: CryptoQuant

圖片來源：加密量

According to Alphractal CEO Joao Wedson, the signal captures a crucial dynamic: stablecoin reserves on Binance are now growing faster than Bitcoin Reserves.

根據Alphractal首席執行官Joao Wedson的說法，該信號捕獲了一個關鍵的動態：binance上的穩定儲備的增長速度比比特幣儲量快。

In simpler terms, the exchange is flush with potential buying power, just waiting to deploy.

從更簡單的角度來看，交易所齊平有潛在的購買力，只是等待部署。

Historically, when stablecoins pile up relative to BTC, it has often been a precursor to aggressive buying and stronger price action soon after.

從歷史上看，當Stablecoins相對於BTC堆積時，它通常是積極購買和更強大的價格行動的先驅。

The green “signal” zones on the accompanying chart show exactly that… and so far, the market is following the script.

隨附圖表上的綠色“信號”區域完全顯示了……到目前為止，市場正在遵循腳本。

Image Credit: CryptoQuant

圖片來源：加密量

Additional support for the bullish setup comes from a sharp rise in Bitcoin exchange outflows. The latest spike aligned with BTC breaking $94K, signaling investors are moving coins off exchanges, a typical sign of long-term holding intent.

對看漲設置的額外支持來自比特幣交換流出的急劇上升。最新的Spike與BTC打破了9.4k美元的一致性，信號投資者正在將Coins Off Exchanges移出，這是長期持有意圖的典型標誌。

This marks one of the largest outflow surges since mid-February, tightening supply just as demand picks up.

這標誌著自2月中旬以來最大的流出湧入之一，就像需求量一樣，供應收緊。

Then and now

然後現在

This isn’t the first time this metric has provided traders with an early signal.

這不是該指標第一次為交易者提供早期信號。

In early 2020, following the infamous “Coronadump,” the ratio flipped bullish as sidelined capital—primarily in stablecoins—flowed back into the market. The result? Bitcoin surged from below $6K to new all-time highs above $60K within a year.

在2020年初，在臭名昭著的“冠冕”之後，該比率將看作的比例翻轉為缺口的資本（主要是在Stablecoins中）流入了市場。結果？比特幣在一年內從$ 6K飆升至新歷史高度高於$ 60,000。

By late 2022, amidst a bruised crypto market recovering from major collapses, the same reserve ratio pattern reappeared. Bitcoin once again rebounded, climbing from $16K lows to reclaim the $30K mark by 2023.

到2022年底，在從重大倒塌中恢復的瘀傷加密貨幣市場中，相同的儲備比率再次出現。比特幣再次反彈，從$ 16K的低點攀升，到2023年收回了3萬美元。

In both instances, the signal preceded notable inflows, not only in price but also in volume and momentum.

在這兩種情況下，信號不僅在價格和數量和動力上都出現了顯著流入。

Each time, the pattern coincided with a shift in macro sentiment, suggesting that institutional and large players were ready to move sidelined capital back into the market.

每次，這種模式都會與宏觀情緒的轉變相吻合，這表明機構和大型參與者準備將其放在市場中。

Now, in 2025, the pattern has reemerged, sparking speculation about whether history might repeat itself.

現在，在2025年，這種模式已經重新出現，引發了人們對歷史是否會重演的猜測。

What makes this time different?

是什麼讓這次有所不同？

Of course, no two market cycles are ever the same, and the conditions surrounding this latest signal are no exception.

當然，沒有兩個市場週期是一樣的，圍繞此最新信號的條件也不例外。

Today’s market has matured significantly. Post-ETF institutional participation has reshaped liquidity dynamics, increasing base demand while tempering the wild volatility seen in earlier cycles.

當今的市場已經大量成熟。 ETF後的機構參與已重塑流動性動力學，增加了基本需求，同時緩解了早期週期中看到的野生波動。

However, the macro environment is less accommodating. While stablecoin reserves are growing, overall liquidity remains tight.

但是，宏觀環境的包容性較小。儘管Stablecoin儲量正在增長，但總體流動性仍然很緊張。

High interest rates and cautious risk sentiment mean that capital rotation into crypto could progress more slowly, despite strong interest.

高利率和謹慎的風險情緒意味著，儘管興趣濃厚，但資本轉向加密貨幣的發展可能會更慢。

Bitcoin itself has also evolved. It is no longer purely a speculative asset but is increasingly regarded as a treasury reserve and geopolitical hedge.

比特幣本身也在發展。它不再純粹是投機性的資產，而是越來越被視為財政部和地緣政治對沖。

As a result, today’s inflows tend to be steadier, more deliberate, and more resilient during market pullbacks.

結果，今天的流入往往會更穩定，更加故意，並且在市場回落期間更具彈性。