比特币市场分析

比特币在过去两个星期中再次上升，价格稳定在97,000美元左右：

Bitcoin (BTC) has risen again over the past two weeks, with prices stabilizing around $97,000 as the market digests recent volatility. At the Dubai Token 2049 Summit, Arthur Hayes made a bold prediction, stating that BTC will exceed $1 million in 2028.

在过去的两周中，比特币（BTC）再次上升，由于市场消化最近的波动率，价格稳定在97,000美元。在迪拜代币2049峰会上，亚瑟·海斯（Arthur Hayes）大胆地预测，指出BTC在2028年将超过100万美元。

Furthermore, Hayes predicted in his recent article "Ski Cut" that when Bitcoin breaks through $110,000, the market will usher in the altcoin season.

此外，海耶斯在最近的文章“滑雪”中预测，当比特币突破110,000美元时，市场将迎来Altcoin季节。

According to Glassnode Insights analysis, the recent market decline has squeezed the speculative bubble, and Bitcoin is trying to break through the 111-day moving average ($91,300) and the short-term holder cost line ($93,200). However, Long-term holders still hold a large number of loss-making positions in the 95,000-98,000 price range. Some investors may sell near the cost price to form additional seller resistance. It is expected that the long-term holders will increase their selling volume, forming an important resistance level.

根据GlassNode Insights分析，最近的市场下降挤压了投机泡沫，比特币试图突破111天的移动平均线（91,300美元）和短期持有人成本线（93,200美元）。但是，长期持有人仍然在95,000-98,000个价格范围内拥有大量损失头寸。一些投资者可能会在成本价格附近出售，以形成额外的卖方抵抗。预计长期持有人将增加其销售量，形成重要的阻力水平。

BTCFi Investment Opportunities

BTCFI投资机会

The total locked value of Bitcoin DeFi continues to grow, increasing from US$4 billion (April 25) to US$6 billion (May 2), and the weekly DEX trading volume increased by 7.5% to US$5.8 million.

比特币Defi的总锁定价值继续增长，从40亿美元（4月25日）增加到60亿美元（5月2日），每周DEX交易量增加了7.5％，达到580万美元。

Major development of ecology

生态学的重大发展

Stacks

堆栈

Stacks is the leading Layer 2 solution for activating the Bitcoin economy. sBTC inherits the security of the Bitcoin network and provides the infrastructure for users to explore BTCFi ecosystem profit opportunities.

堆栈是激活比特币经济的领先2层解决方案。 SBTC继承了比特币网络的安全性，并为用户提供了探索BTCFI生态系统利润机会的基础架构。

sBTC connected to Sui Chain: Stacks founder Muneeb announced at the Sui Dubai Summit that sBTC will expand the BTCFi map with Sui as the starting point. Mysten Labs co-founder Adeniyi Abiodun commented: "sBTC activates Bitcoin liquidity in a decentralized manner and realizes the full ecosystem Bitcoin DeFi unlocking under the Stacks signer security framework."

SBTC连接到SUI链：Stacks创始人Muneeb在SUI迪拜峰会上宣布，SBTC将以SUI作为起点扩展BTCFI地图。 Mysten Labs联合创始人Adeniyi Abiodun评论说：“ SBTC以分散的方式激活了比特币流动性，并在堆栈签名者安全框架下实现了完整的生态系统比特币Defi解锁。”

sBTC mainnet withdrawal function is online: starting from April 30, users can convert sBTC on the Stacks network into native Bitcoin on the Bitcoin mainnet, enhancing liquidity and market efficiency. Click to view the sBTC withdrawal operation guide.

SBTC主网提款功能是在线的：从4月30日开始，用户可以将堆栈网络上的SBTC转换为比特币主网上的本机比特币，从而提高了流动性和市场效率。单击以查看SBTC提款操作指南。

Accelerating Asian layout: Stacks Asia Foundation has been certified by Abu Dhabi Global Market (ADGM), becoming the first Bitcoin ecosystem compliance entity. Combined with the existing regulatory license of the US SEC, it builds a global trust framework and promotes Bitcoin DeFi education and policy advocacy with Hong Kong as the hub.

加速亚洲布局：堆栈亚洲基金会已获得阿布扎比全球市场（ADGM）的认证，成为第一个比特币生态系统合规性实体。结合了美国SEC的现有监管许可，它建立了全球信任框架，并以香港为中心促进了比特币Defi教育和政策倡导。

Industry voice exploded: During the Token 2049 Dubai Summit, Stacks occupied the industry spotlight through multiple thought leadership activities. In his keynote speech, founder Muneeb introduced the breakthrough progress of sBTC - this technology will enable the underlying BTC to achieve complete self-custody. In addition, Muneeb also reiterated that Bitcoin L2 such as Stacks will achieve one billion users.

行业声音爆炸了：在2049年迪拜峰会上，堆栈通过多种思想领导活动占据了行业的焦点。创始人Muneeb在主题演讲中介绍了SBTC的突破性进步 - 这项技术将使基础BTC能够实现完整的自我定居。此外，Muneeb还重申，诸如堆栈之类的比特币L2将获得10亿用户。

Institutional support upgrade: BitGo announced that it will provide institutional-grade custody support for sBTC, and Binance, OKX, and Crypto.com launched STX staking services.

机构支持升级：BITGO宣布将为SBTC以及Binance，OKX和Crypto.com提供机构级保管支持，并推出了STX Staking Services。

Stacks DeFi

堆栈defi

USDh stablecoin supply hits all-time high ($5.63 million): USDh stakers earn 9% APY, Hermetica 2.0 adds transparent dashboard and real-time APY tracking. These upgrades create an institutional-grade experience for the most trusted stablecoin in the BTCFi ecosystem. Click here to view the latest audit report on the USDh custodian's proof of assets

USDH Stablecoin Supply的命中率达到历史最高（563万美元）：USDH Stakers赚取9％的APY，Hermetica 2.0增加了透明的仪表板和实时APY跟踪。这些升级为BTCFI生态系统中最受信任的Stablecoin创造了机构级体验。单击此处查看有关USDH保管人资产证明的最新审计报告

Zest Protocol absorbs nearly 500 sBTC (15% of total supply): Zest is competing with leading lending protocols such as Ethereum L2 and Solana for the top spot in Bitcoin supply. Liquid staking tokens (such as stSTX) have surged in demand as collateral, and their supply has increased by 10% week-on-week to 16.5 million.

ZEST协议吸收了近500个SBTC（占总供应总量的15％）：Zest正在与以太坊L2和Solana等领先的贷款方案竞争，成为比特币供应中最高点。作为抵押品的需求激增的液体含有令牌（例如STSTX），其供应每周增加10％，达到1650万。

Stacking DAO's total locked value hit a new high: more than 70 million STX participated in staking, and migration to the new stSTX-STX pool can get 10%+APY stacking rewards. The number of Twitter followers increased by more than 80,000 in the past year, and the main users came from South Korea, America and Europe.

堆叠DAO的总锁定价值达到了新的高度：超过7000万个STX参与了Staking，而迁移到新的STSTX-STX池可以获得10％+APY堆叠奖励。在过去的一年中，Twitter追随者的数量增加了80,000多，主要用户来自韩国，美国和欧洲。

CoreDAO

As a BTCFi ecosystem that ranks high in total locked value, CoreDAO is building the infrastructure layer of Bitcoin on-chain finance, covering staking services, structured products, institutional access and other services.

作为一个排名较高的BTCFI生态系统，Coredao正在建立比特币上链融资的基础架构层，涵盖了Staking Service服务，结构化产品，机构访问和其他服务。

Maple Finance is gaining momentum: Maple BTC revenue hits record in April, with over 1,600 Bitcoins staked through CoreDAO and earning 5.6% BTC net APY

Maple Finance正在获得势头：Maple BTC收入命中率在4月份，超过1,600个通过Coredao固定的比特币，并赚取5.6％的BTC Net APY

Staking volume surges: The current network staked CORE token volume exceeds 210 million, an increase of 25%+ from the beginning of March

积分数量激增：当前的网络固定核心令牌量超过2.1亿，从3月初开始增加25％以上

Babylon

巴比伦

Babylon is a leading project in the Bitcoin re-staking sector,

巴比伦是比特币重新建立领域的领先项目，