比特幣和以太坊在過去一個月中淨資本流入近190億美元

鏈上的數據顯示，整個加密貨幣市場已經見證了近190億美元的資本流入，而比特幣和其他人已經恢復了。

Cryptocurrency traders have seen Bitcoin and other major digital assets go through their recovery over the past month, while on-chain data shows that the market as a whole has seen capital inflows of nearly $19 billion.

加密貨幣交易者在過去一個月中已經看到比特幣和其他主要數字資產正在恢復，而鍊鍊數據表明，整個市場的資本流入率近190億美元。

Crypto Market Has Enjoyed Net Capital Inflows Over The Past Month

加密市場在過去一個月中享有淨資本流入

In a new post on X, analyst Ali Martinez has covered the latest trend in the capital inflows for cryptocurrencies. In the digital asset sector, capital mainly flows in and out through three asset classes: Bitcoin, Ethereum, and the stablecoins. The altcoins usually only see a secondary rotation of capital from these coins.

在X上的新帖子中，分析師阿里·馬丁內斯（Ali Martinez）介紹了加密貨幣資本流入的最新趨勢。在數字資產行業中，資本主要通過三個資產類別流入和流出：比特幣，以太坊和穩定幣。 AltCoins通常僅從這些硬幣中看到資本的次要旋轉。

As such, the netflows related to the three of BTC, ETH and the stables can provide a sufficient-enough estimation for the situation of the entire cryptocurrency market.

因此，與BTC，ETH和Stable的三個相關的Netfrows可以為整個加密貨幣市場的情況提供足夠的估計。

For calculating the capital inflows/outflows related to Bitcoin and Ethereum, the “Realized Cap” indicator can be used. The Realized Cap is an on-chain capitalization model that finds the total value of any asset’s supply by assuming the value of each individual token as the same as its last transaction price. This is different from the usual Market Cap, which just sums up the supply at the current spot price.

為了計算與比特幣和以太坊有關的資本流入/流出，可以使用“已實現的帽”指標。實現的上限是一個鏈上資本化模型，它通過假設每個代幣的價值與其上一個交易價格相同，從而找到任何資產供應的總價值。這與通常的市值不同，後者僅以當前現貨價格總結了供應。

In short, what the Realized Cap reflects is the amount of capital that the investors of the cryptocurrency as a whole have put into it. Changes related to the metric, therefore, reflect the inflow or outflow of capital.

簡而言之，已實現的上限反映的是加密貨幣的投資者整體投入的資本數量。因此，與度量有關的變化反映了資本的流入或流出。

In the case of the stablecoins, the change in the Market Cap is enough to gauge the capital netflow. This is down to the fact that the Realized Cap is no different from the Market Cap for them, as a result of their price never varying from the fiat currency that they are pegged to.

對於穩定幣，市值的變化足以評估資本淨流。這是因為實現的上限與他們的市值沒有什麼不同，因為它們的價格與他們所釘的菲亞特貨幣永遠不同。

Now, here is the chart shared by the analyst that shows the 30-day aggregate cryptocurrency market netflow based on these indicators over the past month:30-day Bitcoin, Ethereum and stablecoins netflow. Credit: Ali Martinez

現在，這是分析師共享的圖表，該圖表顯示了過去一個月這些指標的30天集合貨幣市場NetFlow：30天比特幣，以太坊和Stablecoins Netflow。學分：阿里·馬丁內斯（Ali Martinez）

As displayed in the above graph, the combined 30-day Bitcoin and Ethereum Realized Cap change is currently at a positive $12.58 billion. This means that these two cryptocurrencies have enjoyed a notable net capital inflow during the past month.

如上圖所示，總共30天的比特幣和以太坊實現的帽子更換目前為125.8億美元。這意味著，這兩種加密貨幣在過去一個月中享有顯著的淨資本流入。

Similarly, the stablecoins have seen a net inflow of $6.19 billion in the same period. Thus, it seems the digital asset sector as a whole has witnessed the incoming of $18.77 billion in capital.

同樣，在同一時期，穩定幣的淨流入量為61.9億美元。因此，似乎整個數字資產行業目睹了187.7億美元的資本。

While this trend has occurred, Bitcoin and the other assets have gone through their price recovery runs, so it’s possible that as long as these inflows keep up, the rallies could be sustainable.

儘管這種趨勢已經發生，但比特幣和其他資產已經經歷了其價格恢復的運行，因此，只要這些流入不斷增加，集會就可以可持續。

It only remains to be seen how the investors will behave in the coming days, however, as it often doesn’t take much for sentiment to shift in the cryptocurrency sector.

然而，投資者在接下來的日子裡的表現還有待觀察，因為人們通常不花很多錢來轉移加密貨幣領域。