Tether Mint在USDT中又有20億美元，與比特幣的突破相吻合以前

在一系列有力且可能是連鎖的事件中，Tether今天在USDT上造成了20億美元的造成。這與比特幣以前的高峰相吻合。

In a forceful and possibly linked series of happenings, Tether has minted another $2 billion in USDT today. This closely coincides with Bitcoin’s breakout past its previous peak.

在一系列有力且可能是連鎖的事件中，Tether今天在USDT上造成了20億美元的造成。這與比特幣以前的高峰相吻合。

From data CoinGecko provides, the most popular cryptocurrency registered the price of $109,368 as its all-time high, which occurred just before our press time. It has since settled around $109,358. Whatever way you slice it, Bitcoin is up. And how are those two things related?

從數據Coingecko提供的最受歡迎的加密貨幣從數據Coingecko提供的情況下，其價格為109,368美元，是其歷史最高的，發生在我們的新聞發布之前。此後，它已經達成了109,358美元。無論您將其切成些方法，比特幣都會上升。這兩件事如何相關？

According to Coingecko, Bitcoin has surpassed $109,358, reaching a new all-time high. In the past 24 hours, approximately 99,000 traders were liquidated across the market, with total liquidations exceeding $300 million, including around $200 million from short…— Wu Blockchain (@WuBlockchain) May 21, 2025

根據Coingecko的數據，比特幣超過了109,358美元，達到了新的歷史最高水平。在過去的24小時中，大約有99,000個交易者在市場上清算，總清算超過3億美元，其中包括短暫的2億美元…… - 吳鍊鍊（@@wublockchain），2025年5月21日

Bitcoin’s leap sent the entire market reeling. In the past 24 hours, around 99,000 traders saw their positions liquidated, with total liquidations clocking in at over $300 million. One astonishing aspect of this is that $200 million of this represented traders going from short to long positions in Bitcoin, which kind of shows where sentiment is headed. Going back to the previous paragraph, this fresh high is occurring just after Tether minted more USDT, and earlier, we suggested that large minting events might be linked to Bitcoin’s recent price ascent.

比特幣的LEAP發送了整個市場。在過去的24小時內，大約99,000個交易者看到了他們的頭寸清算，總清算收入超過3億美元。令人驚訝的一個方面是，其中有2億美元代表了從比特幣中短期到長時間的交易者，這是情感的發展。回到上一段，這個新鮮的高潮正是在Tether鑄造更多的USDT之後發生的，並且早些時候，我們建議大型鑄造活動可能與比特幣最近的價格上漲有關。

Tether’s Growing Footprint and a Historic Year for USDT Minting

Tether的足跡不斷增長，是USDT Minting的歷史年份

Tether has been absolutely booming since the start of 2025. So far this year, the company has created a staggering $15.7 billion worth of USDT, taking into account both fresh issuances and burned tokens. For the most part, this consistent growth has occurred on the Tron and Ethereum blockchains—Tether’s platforms of choice, thanks to their robust liquidity (and consequently, low slippage) and nearly universal presence across the crypto ecosystem’s exchanges and DeFi protocols.

自2025年初以來，Tether一直在蓬勃發展。考慮到新的發行和被燒毀的代幣，該公司今年到目前為止創造了價值157億美元的USDT。在大多數情況下，這種一致的增長發生在TRON和以太坊區塊鏈上 - 由於其強大的流動性（因此，滑倒低）以及在加密生態系統的交流和Fefi方案中幾乎普遍存在的穩固的流動性（因此，幾乎是普遍存在）。

The newest issuance of $2 billion is not an isolated event but part of a clear pattern in recent months. From April 23 to May 7, Tether minted around $6 billion in USDT. During those same days, Bitcoin reemerged above the $100,000 line after three months of sitting below it, leading many to see a direct connection between the upward swing in Bitcoin and the newfound liquidity afforded by Tether.

最新的20億美元發行不是一個孤立的事件，而是最近幾個月明確的模式的一部分。從4月23日至5月7日，繩索在USDT中鑄造了約60億美元。在同一天，在坐下三個月之後，比特幣重新出現了100,000美元的線路，導致許多人看到比特幣的向上擺動與Tether提供的新發現的流動性之間的直接聯繫。

An analogous situation unfolded on May 15, when another $2 billion in USDT was created. Soon afterwards, Bitcoin price once more skyrocketed, this time punching through the $105,000 ceiling. With today’s stablecoin market being replenished to the tune of $2 billion, and Bitcoin price now well above $109,000, the correlation between those two events seems to have tightened in the mind of quite a number of traders and analysts.

5月15日，在USDT創建了另外20億美元的情況下，這種情況發生了類似的情況。此後不久，比特幣價格再次猛增，這次是在105,000美元的天花板上打孔。隨著當今的Stablecoin市場被補充到20億美元的收入，比特幣價格現在遠高於109,000美元，這兩個事件之間的相關性似乎已經收緊了許多交易員和分析師。

Tether minted another 2B $USDT an hour ago. Will this drive $BTC's price up?

Tether每小時在每小時再鑄造2B $ USDT。這會推動$ BTC的價格上漲嗎？

In 2025, #Tether minted a total of 15.7B $USDT(including burns) on #Tron and #Ethereum.

在2025年，#Tether在#Tron和#Ethereum上總共鑄造了15.7B $ USDT（包括Burns）。

As shown in the image below, Tether's minting of $USDT has typically led to a rise in $BTC's price.

如下圖所示，Tether的$ USDT鑄造通常導致BTC的價格上漲。

From April… pic.twitter.com/4fpiB1ad52

從4月開始…pic.twitter.com/4fpib1ad52

— Lookonchain (@lookonchain) May 21, 2025

- lookonchain（@lookonchain）2025年5月21日

Stablecoin Liquidity: Fueling the Fire or Following the Flame?

Stablecoin流動性：加油還是在火焰之後？

The connection between Tether minting and Bitcoin price increases has been closely studied by the crypto community, though there remains some disagreement over what, exactly, these events signify. Some researchers argue that more Tether means more market demand for Bitcoin, even if Tether isn’t strictly a vehicle for getting Bitcoin into investors’ hands. Others think that when Tether is being minted, that’s a sign of rising Bitcoin demand, while also considering Tether a Bitcoin proxy of sorts.

加密社區對束縛造幣機和比特幣價格上漲之間的聯繫進行了密切研究，儘管這些事件的確切含義仍然存在分歧。一些研究人員認為，即使系托爾並不是嚴格地將比特幣融入投資者手中的工具，也意味著更多的束縛意味著對比特幣的市場需求。其他人則認為，當繫繩被鑄造時，這是比特幣需求上升的跡象，同時也考慮了繫繩代理。

No matter which side of the argument one favors, the data is compelling. Every major USDT mint this year has synced up closely with big upward moves in Bitcoin. The consistent coupling of minting events and price surges has made Tether’s blockchain activity into a must-watch signal for traders.

無論參數的哪一方都有利於數據，數據都令人信服。今年的每一個主要的USDT薄荷都與比特幣的大量向上移動密切同步。鑄造事件和價格飆升的一致耦合使Tether的區塊鏈活動成為交易者必不可少的信號。

Market positioning is another essential element. Traders have been betting against a near-term breakout, as shown by the $200 million in liquidations that occurred in the past 24 hours. These forced liquidations create cascading buy orders that drive prices up and exacerbate volatility. In this scenario, the presence of Tether in the market ensures that there are enough capital and liquidity to absorb the buying pressure created by cascading forced liquidations without triggering a price reversal.

市場定位是另一個基本要素。貿易商一直在押注近期突破，正如過去24小時內發生的2億美元清算所表明的那樣。這些強制清算產生的級聯買入訂單，以推動價格上漲並加劇波動。在這種情況下，市場在市場中的存在可確保有足夠的資本和流動性來吸收級聯強迫清算產生的購買壓力，而不會觸發價格逆轉。

Looking Ahead

展望未來