比特幣市場分析

比特幣在過去兩個星期中再次上升，價格穩定在97,000美元左右：

Bitcoin (BTC) has risen again over the past two weeks, with prices stabilizing around $97,000 as the market digests recent volatility. At the Dubai Token 2049 Summit, Arthur Hayes made a bold prediction, stating that BTC will exceed $1 million in 2028.

在過去的兩周中，比特幣（BTC）再次上升，由於市場消化最近的波動率，價格穩定在97,000美元。在迪拜代幣2049峰會上，亞瑟·海斯（Arthur Hayes）大膽地預測，指出BTC在2028年將超過100萬美元。

Furthermore, Hayes predicted in his recent article "Ski Cut" that when Bitcoin breaks through $110,000, the market will usher in the altcoin season.

此外，海耶斯在最近的文章“滑雪”中預測，當比特幣突破110,000美元時，市場將迎來Altcoin季節。

According to Glassnode Insights analysis, the recent market decline has squeezed the speculative bubble, and Bitcoin is trying to break through the 111-day moving average ($91,300) and the short-term holder cost line ($93,200). However, Long-term holders still hold a large number of loss-making positions in the 95,000-98,000 price range. Some investors may sell near the cost price to form additional seller resistance. It is expected that the long-term holders will increase their selling volume, forming an important resistance level.

根據GlassNode Insights分析，最近的市場下降擠壓了投機泡沫，比特幣試圖突破111天的移動平均線（91,300美元）和短期持有人成本線（93,200美元）。但是，長期持有人仍然在95,000-98,000個價格範圍內擁有大量損失頭寸。一些投資者可能會在成本價格附近出售，以形成額外的賣方抵抗。預計長期持有人將增加其銷售量，形成重要的阻力水平。

BTCFi Investment Opportunities

BTCFI投資機會

The total locked value of Bitcoin DeFi continues to grow, increasing from US$4 billion (April 25) to US$6 billion (May 2), and the weekly DEX trading volume increased by 7.5% to US$5.8 million.

比特幣Defi的總鎖定價值繼續增長，從40億美元（4月25日）增加到60億美元（5月2日），每週DEX交易量增加了7.5％，達到580萬美元。

Major development of ecology

生態學的重大發展

Stacks

堆棧

Stacks is the leading Layer 2 solution for activating the Bitcoin economy. sBTC inherits the security of the Bitcoin network and provides the infrastructure for users to explore BTCFi ecosystem profit opportunities.

堆棧是激活比特幣經濟的領先2層解決方案。 SBTC繼承了比特幣網絡的安全性，並為用戶提供了探索BTCFI生態系統利潤機會的基礎架構。

sBTC connected to Sui Chain: Stacks founder Muneeb announced at the Sui Dubai Summit that sBTC will expand the BTCFi map with Sui as the starting point. Mysten Labs co-founder Adeniyi Abiodun commented: "sBTC activates Bitcoin liquidity in a decentralized manner and realizes the full ecosystem Bitcoin DeFi unlocking under the Stacks signer security framework."

SBTC連接到SUI鏈：Stacks創始人Muneeb在SUI迪拜峰會上宣布，SBTC將以SUI作為起點擴展BTCFI地圖。 Mysten Labs聯合創始人Adeniyi Abiodun評論說：“ SBTC以分散的方式激活了比特幣流動性，並在堆棧簽名者安全框架下實現了完整的生態系統比特幣Defi解鎖。”

sBTC mainnet withdrawal function is online: starting from April 30, users can convert sBTC on the Stacks network into native Bitcoin on the Bitcoin mainnet, enhancing liquidity and market efficiency. Click to view the sBTC withdrawal operation guide.

SBTC主網提款功能是在線的：從4月30日開始，用戶可以將堆棧網絡上的SBTC轉換為比特幣主網上的本機比特幣，從而提高了流動性和市場效率。單擊以查看SBTC提款操作指南。

Accelerating Asian layout: Stacks Asia Foundation has been certified by Abu Dhabi Global Market (ADGM), becoming the first Bitcoin ecosystem compliance entity. Combined with the existing regulatory license of the US SEC, it builds a global trust framework and promotes Bitcoin DeFi education and policy advocacy with Hong Kong as the hub.

加速亞洲佈局：堆棧亞洲基金會已獲得阿布扎比全球市場（ADGM）的認證，成為第一個比特幣生態系統合規性實體。結合了美國SEC的現有監管許可，它建立了全球信任框架，並以香港為中心促進了比特幣Defi教育和政策倡導。

Industry voice exploded: During the Token 2049 Dubai Summit, Stacks occupied the industry spotlight through multiple thought leadership activities. In his keynote speech, founder Muneeb introduced the breakthrough progress of sBTC - this technology will enable the underlying BTC to achieve complete self-custody. In addition, Muneeb also reiterated that Bitcoin L2 such as Stacks will achieve one billion users.

行業聲音爆炸了：在2049年迪拜峰會上，堆棧通過多種思想領導活動佔據了行業的焦點。創始人Muneeb在主題演講中介紹了SBTC的突破性進步 - 這項技術將使基礎BTC能夠實現完整的自我定居。此外，Muneeb還重申，諸如堆棧之類的比特幣L2將獲得10億用戶。

Institutional support upgrade: BitGo announced that it will provide institutional-grade custody support for sBTC, and Binance, OKX, and Crypto.com launched STX staking services.

機構支持升級：BITGO宣布將為SBTC以及Binance，OKX和Crypto.com提供機構級保管支持，並推出了STX Staking Services。

Stacks DeFi

堆棧defi

USDh stablecoin supply hits all-time high ($5.63 million): USDh stakers earn 9% APY, Hermetica 2.0 adds transparent dashboard and real-time APY tracking. These upgrades create an institutional-grade experience for the most trusted stablecoin in the BTCFi ecosystem. Click here to view the latest audit report on the USDh custodian's proof of assets

USDH Stablecoin Supply的命中率達到歷史最高（563萬美元）：USDH Stakers賺取9％的APY，Hermetica 2.0增加了透明的儀表板和實時APY跟踪。這些升級為BTCFI生態系統中最受信任的Stablecoin創造了機構級體驗。單擊此處查看有關USDH保管人資產證明的最新審計報告

Zest Protocol absorbs nearly 500 sBTC (15% of total supply): Zest is competing with leading lending protocols such as Ethereum L2 and Solana for the top spot in Bitcoin supply. Liquid staking tokens (such as stSTX) have surged in demand as collateral, and their supply has increased by 10% week-on-week to 16.5 million.

ZEST協議吸收了近500個SBTC（佔總供應總量的15％）：Zest正在與以太坊L2和Solana等領先的貸款方案競爭，成為比特幣供應中最高點。作為抵押品的需求激增的液體含有令牌（例如STSTX），其供應每週增加10％，達到1650萬。

Stacking DAO's total locked value hit a new high: more than 70 million STX participated in staking, and migration to the new stSTX-STX pool can get 10%+APY stacking rewards. The number of Twitter followers increased by more than 80,000 in the past year, and the main users came from South Korea, America and Europe.

堆疊DAO的總鎖定價值達到了新的高度：超過7000萬個STX參與了Staking，而遷移到新的STSTX-STX池可以獲得10％+APY堆疊獎勵。在過去的一年中，Twitter追隨者的數量增加了80,000多，主要用戶來自韓國，美國和歐洲。

CoreDAO

As a BTCFi ecosystem that ranks high in total locked value, CoreDAO is building the infrastructure layer of Bitcoin on-chain finance, covering staking services, structured products, institutional access and other services.

作為一個排名較高的BTCFI生態系統，Coredao正在建立比特幣上鍊融資的基礎架構層，涵蓋了Staking Service服務，結構化產品，機構訪問和其他服務。

Maple Finance is gaining momentum: Maple BTC revenue hits record in April, with over 1,600 Bitcoins staked through CoreDAO and earning 5.6% BTC net APY

Maple Finance正在獲得勢頭：Maple BTC收入命中率在4月份，超過1,600個通過Coredao固定的比特幣，並賺取5.6％的BTC Net APY

Staking volume surges: The current network staked CORE token volume exceeds 210 million, an increase of 25%+ from the beginning of March

積分數量激增：當前的網絡固定核心令牌量超過2.1億，從3月初開始增加25％以上

Babylon

巴比倫

Babylon is a leading project in the Bitcoin re-staking sector,

巴比倫是比特幣重新建立領域的領先項目，