比特幣價格即將上漲

正如一份新報告所詳述的那樣，預計 25 億美元的穩定幣湧入可能會推動比特幣價格大幅上漲。

Bitcoin Price Boost Is Incoming

比特幣價格即將上漲

Keeping a close eye on crypto money flows is critical for understanding market conditions that can either accelerate or hinder Bitcoin's price movements, a new report by 10x Research has found.

10x Research 的一份新報告發現，密切關注加密資金流對於了解可能加速或阻礙比特幣價格走勢的市場狀況至關重要。

“Traders are often caught off guard by price crashes, missing the critical signals these flows offer. However, the inverse is also critical; a sustained increase in money flows can drive higher prices, but many also miss these indicators,” Markus Thielen, a market researcher at 10x Research, wrote in the report.

「交易者常常對價格暴跌措手不及，錯過了這些資金流提供的關鍵訊號。然而，反過來也很關鍵。資金流的持續增加可以推高價格，但許多人也錯過了這些指標，」10x Research 市場研究員馬庫斯·蒂倫 (Markus Thielen) 在報告中寫道。

Money flows can predict price movements in both directions, the report explains. For instance, a worsening money flow environment was signaled in April 2024, which indicated a price correction as “broad money flows largely paused.”

報告解釋說，資金流向可以預測雙向的價格變動。例如，2024 年 4 月就發出了資金流動環境惡化的信號，這表明價格將出現調整，因為「廣義資金流動基本上暫停」。

“A resurgence in certain money flows helped lift prices as markets approached bottoms. The critical factor was monitoring the sustainability of these flows, as rallies often lost momentum without continued support,” Thielen added.

「隨著市場接近​​底部，某些資金流的復甦幫助推高了價格。關鍵因素是監測這些資金流的可持續性，因為如果沒有持續的支持，反彈往往會失去動力，」蒂倫補充道。

The report goes on to highlight the most recent activities involving major stablecoin issuers.

該報告接著重點介紹了主要穩定幣發行人的最新活動。

Last night, Tether minted $1 billion in USDT, which Thielen categorizes as an inventory build rather than immediate market issuance. This distinction is essential as it suggests a preparatory step for potential future market actions rather than immediate liquidity injection.

昨晚，Tether 鑄造了 10 億美元的 USDT，蒂倫將其歸類為庫存建設，而不是立即市場發行。這種區別至關重要，因為它表明為未來潛在的市場行動採取了準備步驟，而不是立即註入流動性。

Moreover, the researcher makes an important observation regarding recent issuances by Tether and Circle, which together total nearly $2.8 billion. Thielen interprets this as a strong indication of institutional investors deploying fresh capital into the crypto market, which historically signals bullish conditions for Bitcoin.

此外，研究人員也對 Tether 和 Circle 最近發行的債券進行了重要觀察，發行總額總計近 28 億美元。蒂倫將此解釋為機構投資者將新資本部署到加密貨幣市場的強烈跡象，這在歷史上預示著比特幣的看漲狀況。

“If this trend of issuance (not just minting) continues, Bitcoin could see further gains,” Thielen remarks.

蒂倫表示：“如果這種發行趨勢（不僅僅是鑄造）繼續下去，比特幣可能會進一步上漲。”

Further to Thielen's analysis, on-chain analysis platform Lookonchain reported yesterday via X:

根據 Thielen 的分析，鏈上分析平台 Lookonchain 昨天透過 X 報導：

“Tether Treasury minted 1B USDT on Ethereum again 20 mins ago. Over the last year, a total of 32B USDT has been minted by Tether Treasury!”

「20 分鐘前，Tether Treasury 在以太坊上再次鑄造了 1B USDT。去年，Tether Treasury 共鑄造了 32B USDT！

Additionally, Lookonchain may have found a reason for the large issuance of new stablecoins. The firm found that substantial amounts of USDT flowed to Cumberland.

此外，Lookonchain 可能已經找到了大量發行新穩定幣的原因。該公司發現大量 USDT 流向坎伯蘭。

They remarked, “In just 8 days, Cumberland has injected 1.04B USDT into the crypto market! An hour ago, Cumberland again received 141.5M USDT from Tether Treasury and transferred it to major exchanges like Kraken, OKX, Binance, and Coinbase.”

他們表示：「短短8天，Cumberland就向加密市場注入了1.04B USDT！一小時前，Cumberland再次從Tether Treasury收到1.415億USDT，並將其轉移到Kraken、OKX、Binance和Coinbase等主要交易所。

More Bullish Catalysts

更多看漲催化劑

Crypto analyst Miles Deutscher offered another reason to be bullish on Bitcoin via X.

加密貨幣分析師 Miles Deutscher 透過 X 提供了另一個看好比特幣的理由。

He noted that the current market conditions resemble the multi-month consolidation from 2023, suggesting a potential end to this phase based on similar chart formations and a sharp decline in retail interest.

他指出，當前的市場狀況類似於 2023 年以來的數月盤整，這表明基於類似的圖表形態和零售興趣的急劇下降，這一階段可能會結束。

“This feels eerily similar to August-October last year. Retail interest is evaporating fast (YT views have fallen off a cliff over the past week). Apathy amongst existing market participants. Lack of clear narratives (and the #Bitcoin price action looks identical too),” Deutscher stated.

「這感覺與去年八月至十月非常相似。零售興趣正迅速消失（過去一周，YT 的觀看次數急劇下降）。現有市場參與者冷漠。缺乏清晰的敘述（#Bitcoin 價格走勢看起來也相同），」多伊徹表示。

Charles Edwards, founder of Capriole Investments, added a macroeconomic perspective, highlighting the expansion of the global money supply as a historical driver for rising Bitcoin prices.

Capriole Investments 創辦人 Charles Edwards 補充了宏觀經濟視角，強調全球貨幣供應量擴張是比特幣價格上漲的歷史驅動力。

“Global money supply is expanding up. Plus, we just broke out of a massive 4-year consolidation. What do you think this means for Bitcoin?” he posed rhetorically, suggesting a bullish outlook based on this factor.

「全球貨幣供應量正在擴大。另外，我們剛剛擺脫了為期四年的大規模整合。您認為這對比特幣意味著什麼？他提出了基於這一因素的樂觀前景。

At press time, BTC trades at $60,853.

截至發稿時，BTC 交易價格為 60,853 美元。