穩定幣供應相關指標最近持續呈上升趨勢

正如一位分析師在 CryptoQuant Quicktake 貼文中指出的那樣，一些與穩定幣供應相關的指標最近一直顯示出成長。

Some on-chain metrics related to the total stablecoin supply have recently hit new all-time highs, an indicator that could be bullish for Bitcoin.

與穩定幣總供應量相關的一些鏈上指標最近創下了歷史新高，這項指標可能對比特幣有利。

Stablecoin Supply Metrics Continue Their Uptrend

穩定幣供應指標持續呈上升趨勢

According to an analysis shared by an analyst in a recent CryptoQuant Quicktake post, some stablecoin supply-related indicators have been showing a recent uptick.

根據一位分析師在最近的 CryptoQuant Quicktake 貼文中分享的分析，一些與穩定幣供應相關的指標最近一直在上升。

Specifically, the metrics being highlighted include the total circulating stablecoin supply, Tether (USDT) supply, and the total stablecoin exchange reserve on Binance.

具體來說，重點關注的指標包括穩定幣的總流通供應量、Tether (USDT) 供應量以及幣安上的穩定幣交易儲備總額。

It’s worth noting that these indicators only include data for the ERC20 versions of the stablecoins.

值得注意的是，這些指標僅包含ERC20版本穩定幣的數據。

Here’s the chart shared by the quant, showcasing the metrics in question:

以下是這位量化分析師分享的圖表，展示了相關指標：

The graph shows that all three metrics have been moving upwards recently and setting new records. This indicates that demand for stablecoins has been high among investors.

該圖顯示，所有三個指標最近都在上升並創下新記錄。這顯示投資者對穩定幣的需求一直很高。

While they may not initially seem important, stablecoins have historically been quite relevant to the broader market. At their core, stablecoins act as a sort of safe-haven for investors to store their capital, away from the volatility of Bitcoin and other assets.

雖然穩定幣最初看起來可能並不重要，但從歷史上看，它們與更廣泛的市場非常相關。從本質上講，穩定幣充當投資者儲存資本的避風港，遠離比特幣和其他資產的波動性。

However, investors keeping their capital in this manner eventually plan to venture out into the volatile side, as they would have chosen fiat instead if staying away from the market in the long-term was the goal.

然而，以這種方式保留資金的投資者最終計劃冒險進入波動性較大的領域，因為如果長期遠離市場是目標，他們會選擇法定貨幣。

Naturally, when investors make this swap to coins like Bitcoin, they provide a buying boost to their prices. Due to the potential to be deployed into the volatile side, the supply of stablecoins is often considered the available “dry powder” in the market.

當然，當投資者交換比特幣等代幣時，他們會推高其價格。由於具有部署到波動性方面的潛力，穩定幣的供應通常被認為是市場上可用的「乾粉」。

Thus, whenever the supply of these stables goes up, it can be a bullish sign for Bitcoin and other cryptocurrencies, as it suggests that there is now more capital waiting on the sidelines.

因此，每當這些穩定幣的供應量增加時，這對比特幣和其他加密貨幣來說可能是一個看漲訊號，因為這表明現在有更多的資本在觀望。

The recent uptick in the stablecoin supply is highlighted to be especially positive, as it has come alongside an upward trajectory in BTC itself, which the quant has marked in the chart.

最近穩定幣供應量的成長被強調為特別積極的，因為它與 BTC 本身的上升軌跡同時出現，量化分析師在圖表中標記了這一點。

At times, the supply of these fiat-tied tokens increases due to capital flowing out from the volatile coins. In these situations, while the stable supply increase is bullish, it doesn’t mean much on the net as the prices of the assets said capital come from going down during the swap.

有時，由於資金從不穩定的代幣中流出，這些與法定貨幣掛鉤的代幣的供應量會增加。在這些情況下，雖然穩定的供應增加是看漲的，但在淨值上並沒有太大意義，因為資產價格表示資本來自互換期間的下跌。

However, with Bitcoin recently rising instead of the stablecoin supply setting new highs, the capital must be coming from elsewhere, like outside the sector itself, indicating net capital inflows.

然而，隨著比特幣最近上漲，而不是穩定幣供應創下新高，資本肯定來自其他地方，例如產業本身之外，這表明資本淨流入。

When investors want to buy into BTC and other tokens using their stables, they may use exchanges. As mentioned earlier, one of the indicators in the chart is for the stablecoins sitting on Binance, so its value can showcase the demand present among the holders to swap in the near future.

當投資者想要使用他們的穩定幣購買比特幣和其他代幣時，他們可能會使用交易所。如前所述，圖表中的指標之一是幣安上的穩定幣，因此其價值可以顯示持有者在不久的將來進行交換的需求。

As this indicator has also been rising recently, it shows that many investors are looking to buy into Bitcoin right now rather than holding off their capital for future opportunities.

由於該指標最近也在上升，這表明許多投資者正在尋求立即買入比特幣，而不是為了未來的機會而持有資金。

BTC Price

比特幣價格

At the time of writing, Bitcoin is valued at around $63,800, up nearly 10% over the past week.

截至撰寫本文時，比特幣價值約為 63,800 美元，較過去一周上漲近 10%。