不斷增長的需求能否將 BTC 價格推回 10 萬美元以上？

在最近 12 月 20 日的一份報告中，市場分析平台 CryptoQuant 揭示了比特幣供需動態的一個有趣的鏈上發展。

Bitcoin price dropped sharply on Friday, coming close to breaking below the psychological support at $90,000. However, the world’s largest cryptocurrency appears to be recovering from the lows, currently trading at about $97,000.

週五比特幣價格大幅下跌，接近跌破 9 萬美元的心理支撐。然而，全球最大的加密貨幣似乎正在從低點反彈，目前交易價格約為 97,000 美元。

After rising to a new all-time high during the first half of the week, BTC price dropped by about 13% a few days later. This decline came after the US Federal Reserve hiked interest rates by 50 basis points, pushing other financial markets to the red as well.

BTC 價格在前半週升至歷史新高後，幾天後下跌了約 13%。此次下跌是在聯準會升息 50 個基點之後發生的，其他金融市場也出現了虧損。

Now, as Bitcoin price shows signs of recovering, it remains to be seen whether growing demand can push the cryptocurrency back above the key level of $100,000.

現在，隨著比特幣價格顯示出復甦的跡象，不斷增長的需求是否能夠將加密貨幣推回 10 萬美元的關鍵水平上方還有待觀察。

Bitcoin supply-demand dynamics show growing demand

比特幣供需動態顯示需求不斷成長

In a recent report on December 20, market analytics platform CryptoQuant highlighted an interesting on-chain development with the Bitcoin supply-demand dynamics.

在 12 月 20 日的最新報告中，市場分析平台 CryptoQuant 強調了比特幣供需動態的一個有趣的鏈上發展。

According to the blockchain firm, the BTC market seems to be enjoying renewed investor interest, which could be contributing to the recent price rally.

據該區塊鏈公司稱，比特幣市場似乎重新引起了投資者的興趣，這可能是近期價格上漲的原因之一。

The relevant indicator here is the Total OTC Desk Balance, which tracks the amount of Bitcoin held in addresses associated with Over-The-Counter (OTC) desks. This metric provides an insight into the supply of BTC readily available to large investors and institutional players.

這裡的相關指標是場外交易櫃檯總餘額，它追蹤與場外交易（OTC）櫃檯相關的地址中持有的比特幣數量。此指標可讓您深入了解大型投資者和機構參與者可以輕鬆獲得的 BTC 供應。

Now, according to data from CryptoQuant, the OTC desks are seeing their largest monthly inventory decline of 2024, with over 26,000 BTC having been removed from these addresses so far in December. This decline has been even more significant in the past 30 days, with the balance dropping by 40,000 BTC since November 20.

現在，根據 CryptoQuant 的數據，OTC 櫃檯的庫存量出現了 2024 年以來最大的月度下降，12 月迄今為止，已有超過 26,000 枚 BTC 已從這些地址中移除。過去 30 天內，這一跌幅更為顯著，自 11 月 20 日以來，餘額已減少 40,000 BTC。

This decline in the Total OTC Desk Balance is a bullish indicator, which could be signaling the soaring demand for Bitcoin and the shrinking supply at the same time. Typically, the contracting BTC supply in the open market could set the stage for a period of significant price appreciation.

場外交易台總餘額的下降是一個看漲指標，這可能表明比特幣需求飆升，但供應卻同時萎縮。通常情況下，公開市場上的比特幣供應收縮可能會為一段時期的價格大幅上漲奠定基礎。

CryptoQuant went on to note that the price of Bitcoin rallied from $40,000 to around $74,000 in the first quarter of 2024 after demand growth caused the Over-The-Counter desks’ inventories to fall. According to the market intelligence, the OTC desk’s inventory is now starting to approach the levels seen during the first-quarter rally.

CryptoQuant 繼續指出，在需求成長導致場外交易櫃檯庫存下降後，比特幣價格在 2024 年第一季從 4 萬美元上漲至約 7.4 萬美元。根據市場情報，場外交易櫃檯的庫存現已開始接近第一季反彈期間的水平。

Data from CryptoQuant shows that Bitcoin’s apparent demand is currently growing at a monthly rate of 228,000 BTC after entering the expansion territory in late September. At the same time, the balance of accumulation addresses is swelling at a record-high rate of 495,000 BTC per month.

CryptoQuant 的數據顯示，自 9 月下旬進入擴張區域以來，比特幣的表觀需求目前正以每月 228,000 BTC 的速度成長。同時，累積地址餘額以每月 495,000 BTC 的歷史新高速度膨脹。

Bitcoin price at a glance

比特幣價格一目了然

At the moment, the price of Bitcoin is around $97,655, showing a 0.1% decrease in the past 24 hours. The premier cryptocurrency is down by nearly 4% on the weekly timeframe, according to data from CoinGecko.

目前，比特幣價格約為97,655美元，過去24小時下跌0.1%。根據 CoinGecko 的數據，這種主要的加密貨幣每週下跌近 4%。