稳定币上限的增加能否将比特币价格推至 10 万美元？

市场情报平台IntoTheBlock在其周报中透露，稳定币市值在过去一个月经历了显着增长。

The latest on-chain data shows that the stablecoin market is nearing a new milestone in terms of valuation. Here’s how the increasing liquidity could impact Bitcoin and the general cryptocurrency market.

最新的链上数据显示，稳定币市场的估值正在接近新的里程碑。以下是流动性增加对比特币和整个加密货币市场的影响。

Can the Increasing Stablecoin Cap Push Bitcoin Price to $100,000?

稳定币上限的增加能否将比特币价格推至 10 万美元？

Market intelligence platform IntoTheBlock has revealed in its weekly report that the stablecoin market capitalization has experienced notable growth in the past month. According to the crypto firm, the stablecoin market cap surged past $190 billion this week for the first time since late April 2022 when Bitcoin price was hovering around the $40,000 mark.

市场情报平台IntoTheBlock在其周报中透露，稳定币市值在过去一个月经历了显着增长。据该加密公司称，稳定币市值本周自 2022 年 4 月下旬以来首次突破 1900 亿美元，当时比特币价格徘徊在 40,000 美元大关附近。

This impressive growth comes on the back of Bitcoin’s unprecedented run to a six-figure valuation and the explosion of the total market capitalization to over $3.4 trillion. IntoTheBlock noted that stablecoins have seen increased adoption in the past few weeks, as investors continue to run toward riskier assets like cryptocurrencies.

这一令人印象深刻的增长是在比特币估值史无前例地达到六位数以及总市值激增至超过 3.4 万亿美元的背景下实现的。 IntoTheBlock 指出，过去几周，随着投资者继续转向加密货币等风险较高的资产，稳定币的采用率有所增加。

Specifically, this expansion has primarily been in favor of Tether’s USDT, which continues to completely dominate the stablecoin market. Data from IntoTheBlock shows that USDT holds about 72% of the market share, with a market capitalization of over $133 billion — reminiscent of the crypto market highs of 2021.

具体来说，这种扩张主要有利于 Tether 的 USDT，它继续完全主导稳定币市场。 IntoTheBlock 的数据显示，USDT 占据约 72% 的市场份额，市值超过 1330 亿美元——让人想起 2021 年加密市场的高点。

Interestingly, the demand for the Tether stablecoin appears to be climbing, with a weekly mint of over $3 billion of new USDT tokens. Most notably, over $13 billion USDT has been minted since the start of November, with the stablecoins largely flowing toward centralized exchanges.

有趣的是，对 Tether 稳定币的需求似乎正在攀升，每周铸造的新 USDT 代币价值超过 30 亿美元。最值得注意的是，自 11 月初以来，USDT 的铸造量已超过 130 亿美元，其中稳定币大部分流向中心化交易所。

This injection of fresh liquidity into centralized exchanges has been reflected in the market, especially with the strong bullish momentum witnessed in the past few weeks. Historically, increasing stablecoin inflows into exchanges are positively correlated with market prices, as they often represent higher “buying power” for the investors.

这种向中心化交易所注入新的流动性已经在市场上得到了体现，特别是过去几周出现的强劲看涨势头。从历史上看，稳定币流入交易所的增加与市场价格呈正相关，因为它们通常代表着投资者更高的“购买力”。

As such, the continuation of this positive trend could be pivotal to the dream of Bitcoin price surpassing $100,000. While the flagship cryptocurrency has seemingly recovered from its recent slump beneath the $93,000 level, it has not exactly shown strength sufficient to surpass the six-figure milestone.

因此，这种积极趋势的持续可能对于比特币价格突破 10 万美元的梦想至关重要。虽然旗舰加密货币似乎已经从最近跌破 93,000 美元的跌势中恢复过来，但它并没有完全表现出足以超越六位数里程碑的实力。

As of this writing, the price of Bitcoin continues to hover around the $96,500 mark, reflecting a more than 2% increase in the last 24 hours. According to data from CoinGecko, the premier cryptocurrency is still in the red on the weekly timeframe, with a 3% decline in the past seven days.

截至撰写本文时，比特币的价格继续徘徊在 96,500 美元大关附近，过去 24 小时内上涨了 2% 以上。根据 CoinGecko 的数据，该主要加密货币在每周时间范围内仍处于亏损状态，过去 7 天下跌了 3%。

BTC Market Becoming Stable and Mature: IntoBlock

BTC市场变得稳定和成熟：IntoBlock

IntoBlock also disclosed in its weekly report that Bitcoin’s market climate seems to be maturing, as volatility is currently trending downwards. According to the blockchain platform, the market’s high volatility has been a long-standing criticism point for BTC as a store of value.

IntoBlock还在其每周报告中透露，比特币的市场环境似乎正在成熟，目前波动性呈下降趋势。据区块链平台称，市场的高波动性一直是比特币作为价值储存手段的长期批评点。

However, IntoBlock noted that investors can expect the Bitcoin price performance to be more stable, as retail and institutional adoption increases and volatility diminishes. Hence, the premier cryptocurrency could become an even more reliable store of value.

然而，IntoBlock 指出，随着零售和机构采用的增加以及波动性的减少，投资者可以预期比特币的价格表现将更加稳定。因此，首要的加密货币可能成为一种更可靠的价值储存手段。