不断增长的需求能否将 BTC 价格推回 10 万美元以上？

在最近 12 月 20 日的一份报告中，市场分析平台 CryptoQuant 揭示了比特币供需动态的一个有趣的链上发展。

Bitcoin price dropped sharply on Friday, coming close to breaking below the psychological support at $90,000. However, the world’s largest cryptocurrency appears to be recovering from the lows, currently trading at about $97,000.

周五比特币价格大幅下跌，接近跌破 90,000 美元的心理支撑位。然而，全球最大的加密货币似乎正在从低点反弹，目前交易价格约为 97,000 美元。

After rising to a new all-time high during the first half of the week, BTC price dropped by about 13% a few days later. This decline came after the US Federal Reserve hiked interest rates by 50 basis points, pushing other financial markets to the red as well.

BTC 价格在前半周升至历史新高后，几天后下跌了约 13%。此次下跌是在美联储加息 50 个基点之后发生的，其他金融市场也出现了亏损。

Now, as Bitcoin price shows signs of recovering, it remains to be seen whether growing demand can push the cryptocurrency back above the key level of $100,000.

现在，随着比特币价格显示出复苏的迹象，不断增长的需求是否能够将加密货币推回 10 万美元的关键水平上方还有待观察。

Bitcoin supply-demand dynamics show growing demand

比特币供需动态显示需求不断增长

In a recent report on December 20, market analytics platform CryptoQuant highlighted an interesting on-chain development with the Bitcoin supply-demand dynamics.

在 12 月 20 日的最新报告中，市场分析平台 CryptoQuant 强调了比特币供需动态中一个有趣的链上发展。

According to the blockchain firm, the BTC market seems to be enjoying renewed investor interest, which could be contributing to the recent price rally.

据该区块链公司称，比特币市场似乎重新燃起了投资者的兴趣，这可能是近期价格上涨的原因之一。

The relevant indicator here is the Total OTC Desk Balance, which tracks the amount of Bitcoin held in addresses associated with Over-The-Counter (OTC) desks. This metric provides an insight into the supply of BTC readily available to large investors and institutional players.

这里的相关指标是场外交易柜台总余额，它跟踪与场外交易（OTC）柜台相关的地址中持有的比特币数量。该指标可以让您深入了解大型投资者和机构参与者可以轻松获得的 BTC 供应情况。

Now, according to data from CryptoQuant, the OTC desks are seeing their largest monthly inventory decline of 2024, with over 26,000 BTC having been removed from these addresses so far in December. This decline has been even more significant in the past 30 days, with the balance dropping by 40,000 BTC since November 20.

现在，根据 CryptoQuant 的数据，场外交易平台的库存量出现了 2024 年以来最大的月度下降，12 月份迄今为止，已有超过 26,000 枚 BTC 已从这些地址中移除。过去 30 天内，这一跌幅更为显着，自 11 月 20 日以来，余额已减少 40,000 BTC。

This decline in the Total OTC Desk Balance is a bullish indicator, which could be signaling the soaring demand for Bitcoin and the shrinking supply at the same time. Typically, the contracting BTC supply in the open market could set the stage for a period of significant price appreciation.

场外交易台总余额的下降是一个看涨指标，这可能表明比特币需求飙升，但供应却同时萎缩。通常情况下，公开市场上的比特币供应收缩可能会为一段时期的价格大幅上涨奠定基础。

CryptoQuant went on to note that the price of Bitcoin rallied from $40,000 to around $74,000 in the first quarter of 2024 after demand growth caused the Over-The-Counter desks’ inventories to fall. According to the market intelligence, the OTC desk’s inventory is now starting to approach the levels seen during the first-quarter rally.

CryptoQuant 继续指出，在需求增长导致场外交易柜台库存下降后，比特币价格在 2024 年第一季度从 40,000 美元上涨至 74,000 美元左右。根据市场情报，场外交易柜台的库存现已开始接近第一季度反弹期间的水平。

Data from CryptoQuant shows that Bitcoin’s apparent demand is currently growing at a monthly rate of 228,000 BTC after entering the expansion territory in late September. At the same time, the balance of accumulation addresses is swelling at a record-high rate of 495,000 BTC per month.

CryptoQuant 的数据显示，自 9 月下旬进入扩张区域以来，比特币的表观需求目前正以每月 228,000 BTC 的速度增长。与此同时，累积地址余额以每月 495,000 BTC 的历史新高速度膨胀。

Bitcoin price at a glance

比特币价格一目了然

At the moment, the price of Bitcoin is around $97,655, showing a 0.1% decrease in the past 24 hours. The premier cryptocurrency is down by nearly 4% on the weekly timeframe, according to data from CoinGecko.

目前，比特币价格约为97,655美元，过去24小时下跌0.1%。根据 CoinGecko 的数据，这种主要的加密货币每周下跌近 4%。