Swissblock 表示山寨幣大放異彩的舞台

在最近的一份研究報告中，Swissblock 分析師強調了比特幣剛剛拉開的 9 月復甦反彈。儘管過去24小時下跌3%

Bitcoin price fell 3% in the past 24 hours to close the month lower than many had anticipated. However, the original cryptocurrency still managed an overall 7% gain in September, having risen from just $58,000 at the start of the month.

比特幣價格在過去 24 小時內下跌 3%，本月收盤價低於許多人的預期。然而，最初的加密貨幣在 9 月仍然實現了 7% 的整體漲幅，而本月初的價格僅為 58,000 美元。

The Federal Reserve rate cut in September helped BTC to rally, while China’s recent stimulus measures and the potential for FTX repayments are also causing optimism among crypto traders.

聯準會9月降息幫助BTC上漲，而中國最近的刺激措施和FTX還款的潛力也引發了加密貨幣交易者的樂觀情緒。

Swissblock added that while Bitcoin has shown “stability and strength,” the risk index pictured in the Speedometers remains unchanged at zero. The indicators also show bullish price momentum and neutral on-chain fundamentals.

Swissblock 補充說，雖然比特幣表現出“穩定性和實力”，但車速表中顯示的風險指數仍保持為零不變。這些指標也顯示看漲的價格動能和中性的鏈上基本面。

This, in combination, makes the case for altcoins, the analysts highlighted.

分析師強調，這綜合起來就為山寨幣提供了理由。

Bitfinex Says Market Could be Overheating

Bitfinex 表示市場可能過熱

In a slightly different view, Bitfinex analysts have a warning for traders.

Bitfinex 分析師的觀點略有不同，他們向交易者發出警告。

While they noted that, historically, October is the month with the highest returns, there are some indicators that the market may have reached “a temporary equilibrium.”

雖然他們指出，從歷史上看，十月是回報率最高的月份，但有一些跡象表明市場可能已經達到「暫時平衡」。

Some metrics have reached key levels, while others, such as spot market buying, have flatlined, the analysts wrote.

分析師寫道，一些指標已達到關鍵水平，而現貨市場購買等其他指標則持平。

Moreover, open interest (OI) has surged past $35 billion, which is typically a sign of “local price peaks,” the analysts added.

此外，分析師補充說，未平倉合約 (OI) 已飆升至 350 億美元以上，這通常是「當地價格見頂」的跡象。

There are also concerns about potential market overheating, although a minor correction of 5-10% “could reset OI without disrupting the overall uptrend.”

人們也擔心市場可能過熱，儘管 5-10% 的小幅調整「可能會在不擾亂整體上升趨勢的情況下重置 OI」。

The analysts noted that Bitcoin is consolidating between $50,000 and $68,000, which is similar to what happened in 2020. And if history is any indication, we could see a new ATH by year end.

分析師指出，比特幣正在 50,000 美元至 68,000 美元之間盤整，這與 2020 年發生的情況類似。