比特币和以太坊在过去一个月中净资本流入近190亿美元

链上的数据显示，整个加密货币市场已经见证了近190亿美元的资本流入，而比特币和其他人已经恢复了。

Cryptocurrency traders have seen Bitcoin and other major digital assets go through their recovery over the past month, while on-chain data shows that the market as a whole has seen capital inflows of nearly $19 billion.

加密货币交易者在过去一个月中已经看到比特币和其他主要数字资产正在恢复，而链链数据表明，整个市场的资本流入率近190亿美元。

Crypto Market Has Enjoyed Net Capital Inflows Over The Past Month

加密市场在过去一个月中享有净资本流入

In a new post on X, analyst Ali Martinez has covered the latest trend in the capital inflows for cryptocurrencies. In the digital asset sector, capital mainly flows in and out through three asset classes: Bitcoin, Ethereum, and the stablecoins. The altcoins usually only see a secondary rotation of capital from these coins.

在X上的新帖子中，分析师阿里·马丁内斯（Ali Martinez）介绍了加密货币资本流入的最新趋势。在数字资产行业中，资本主要通过三个资产类别流入和流出：比特币，以太坊和稳定币。 AltCoins通常仅从这些硬币中看到资本的次要旋转。

As such, the netflows related to the three of BTC, ETH and the stables can provide a sufficient-enough estimation for the situation of the entire cryptocurrency market.

因此，与BTC，ETH和Stable的三个相关的Netfrows可以为整个加密货币市场的情况提供足够的估计。

For calculating the capital inflows/outflows related to Bitcoin and Ethereum, the “Realized Cap” indicator can be used. The Realized Cap is an on-chain capitalization model that finds the total value of any asset’s supply by assuming the value of each individual token as the same as its last transaction price. This is different from the usual Market Cap, which just sums up the supply at the current spot price.

为了计算与比特币和以太坊有关的资本流入/流出，可以使用“已实现的帽”指标。实现的上限是一个链上资本化模型，它通过假设每个代币的价值与其上一个交易价格相同，从而找到任何资产供应的总价值。这与通常的市值不同，后者仅以当前现货价格总结了供应。

In short, what the Realized Cap reflects is the amount of capital that the investors of the cryptocurrency as a whole have put into it. Changes related to the metric, therefore, reflect the inflow or outflow of capital.

简而言之，已实现的上限反映的是加密货币的投资者整体投入的资本数量。因此，与度量有关的变化反映了资本的流入或流出。

In the case of the stablecoins, the change in the Market Cap is enough to gauge the capital netflow. This is down to the fact that the Realized Cap is no different from the Market Cap for them, as a result of their price never varying from the fiat currency that they are pegged to.

对于稳定币，市值的变化足以评估资本净流。这是因为实现的上限与他们的市值没有什么不同，因为它们的价格与他们所钉的菲亚特货币永远不同。

Now, here is the chart shared by the analyst that shows the 30-day aggregate cryptocurrency market netflow based on these indicators over the past month:30-day Bitcoin, Ethereum and stablecoins netflow. Credit: Ali Martinez

现在，这是分析师共享的图表，该图表显示了过去一个月这些指标的30天集合货币市场NetFlow：30天比特币，以太坊和Stablecoins Netflow。学分：阿里·马丁内斯（Ali Martinez）

As displayed in the above graph, the combined 30-day Bitcoin and Ethereum Realized Cap change is currently at a positive $12.58 billion. This means that these two cryptocurrencies have enjoyed a notable net capital inflow during the past month.

如上图所示，总共30天的比特币和以太坊实现的帽子更换目前为125.8亿美元。这意味着，这两种加密货币在过去一个月中享有显着的净资本流入。

Similarly, the stablecoins have seen a net inflow of $6.19 billion in the same period. Thus, it seems the digital asset sector as a whole has witnessed the incoming of $18.77 billion in capital.

同样，在同一时期，稳定币的净流入量为61.9亿美元。因此，似乎整个数字资产行业目睹了187.7亿美元的资本。

While this trend has occurred, Bitcoin and the other assets have gone through their price recovery runs, so it’s possible that as long as these inflows keep up, the rallies could be sustainable.

尽管这种趋势已经发生，但比特币和其他资产已经经历了其价格恢复的运行，因此，只要这些流入不断增加，集会就可以可持续。

It only remains to be seen how the investors will behave in the coming days, however, as it often doesn’t take much for sentiment to shift in the cryptocurrency sector.

然而，投资者在接下来的日子里的表现还有待观察，因为人们通常不花很多钱来转移加密货币领域。