分析师说

Crypto分析师Real Vision的首席策略师Jamie Coutts认为，全球流动性可以成为比特币下一次主要集会的有力催化剂。

Crypto analyst Jamie Coutts, chief strategist at Real Vision, is highlighting the potential impact of surging global liquidity on Bitcoin’s next major rally.

Crypto分析师Real Vision的首席策略师Jamie Coutts强调了全球流动性对比特币下一次主要集会的潜在影响。

According to Coutts, total global liquidity has hit a staggering high of nearly $140 trillion following years of contraction.

根据Coutts的说法，在收缩年后，全球流动性的近近140万亿美元达到了惊人。

Coutts noted on X (formerly Twitter) that liquidity is a historical driver of asset price explosions. With central banks lagging behind economic developments, he forecasts a possible 10% rise in global liquidity—equivalent to about $13 trillion—over the next year.

Coutts在X（以前是Twitter）上指出，流动性是资产价格爆炸的历史驱动力。随着中央银行落后于经济发展，他预测明年的全球流动性可能会增长10％（相当于约13万亿美元）。

“This would equate to $186,000 BTC using a blended regression model,” he wrote. “Those who held steady and accumulated during recent market turbulence should be better for it in what comes next.”

他写道：“使用混合回归模型，这将等于$ 186,000 BTC。” “那些在最近市场动荡期间保持稳定和积累的人应该在接下来的事情中更好。”

With central banks clearly behind the curve, we could see global liquidity rise by approx. 10% or $13T over the next 12 months. This would equate to $186,000 BTC using a blended regression model.

随着中央银行显然在曲线后面，我们可以看到全球流动性大约上升。在接下来的12个月中10％或$ 13T。使用混合回归模型，这将等同于$ 186,000 BTC。

Those who held steady and accumulated during recent market turbulence should be better for it in what comes next. pic.twitter.com/axtshD0yba

那些在最近市场动荡期间保持稳定和积累的人应该在接下来的事情中更好。 pic.twitter.com/axtshd0yba

— Jamie Coutts CMT (@Jamie1Coutts) April 23, 2025

- Jamie Coutts CMT（@jamie1coutts）2025年4月23日

Volatility Favors Bitcoin Over Traditional Assets

波动率比比特币比传统资产有利于比特币

Coutts also touched upon the shifting volatility dynamics between crypto and traditional markets. He observed that Bitcoin’s volatility has been decreasing, whereas traditional assets like bonds and equities are becoming more volatile.

Coutt还谈到了加密和传统市场之间的动态动态变化。他观察到比特币的波动性一直在下降，而债券和股票等传统资产越来越挥发。

“Volatility isn’t the enemy, provided you’re being compensated by higher returns,” explained Coutts. “That is not the case for Bonds and Equities relative to Bitcoin.”

Coutts解释说：“波动不是敌人，只要您被更高的回报所弥补。” “相对于比特币，债券和股票不是这种情况。”

SEE ALSO: How To Invest In Bitcoin According To A Former Goldman Sachs Executive

另请参见：如何根据一位前高盛（Goldman Sachs）进行投资比特币

His analysis over the past four months shows Bitcoin’s volatility-adjusted return at -7.12, compared to the S&P 500 index’s -45.08. This metric, known as volatility-normalized return, measures how well an asset performs relative to its price fluctuations—higher values denoting better risk-adjusted returns.

在过去的四个月中，他的分析表明，与标准普尔500指数的-45.08相比，比特币的波动率调整后的回报为-7.12。该度量标准（称为波动率均衡的回报）衡量了资产相对于其价格波动的性能 - 更高的值表示更好的风险调整后收益。

As global macroeconomic trends continue to unfold, the interplay between liquidity, asset prices, and market volatility remains a subject of keen interest for market participants worldwide.

随着全球宏观经济趋势继续展开，流动性，资产价格和市场波动之间的相互作用仍然是全球市场参与者敏锐的兴趣的主题。