Tether Mint在USDT中又有20亿美元，与比特币的突破相吻合以前

在一系列有力且可能是连锁的事件中，Tether今天在USDT上造成了20亿美元的造成。这与比特币以前的高峰相吻合。

In a forceful and possibly linked series of happenings, Tether has minted another $2 billion in USDT today. This closely coincides with Bitcoin’s breakout past its previous peak.

在一系列有力且可能是连锁的事件中，Tether今天在USDT上造成了20亿美元的造成。这与比特币以前的高峰相吻合。

From data CoinGecko provides, the most popular cryptocurrency registered the price of $109,368 as its all-time high, which occurred just before our press time. It has since settled around $109,358. Whatever way you slice it, Bitcoin is up. And how are those two things related?

从数据Coingecko提供的最受欢迎的加密货币从数据Coingecko提供的情况下，其价格为109,368美元，是其历史最高的，发生在我们的新闻发布之前。此后，它已经达成了109,358美元。无论您将其切成些方法，比特币都会上升。这两件事如何相关？

According to Coingecko, Bitcoin has surpassed $109,358, reaching a new all-time high. In the past 24 hours, approximately 99,000 traders were liquidated across the market, with total liquidations exceeding $300 million, including around $200 million from short…— Wu Blockchain (@WuBlockchain) May 21, 2025

根据Coingecko的数据，比特币超过了109,358美元，达到了新的历史最高水平。在过去的24小时中，大约有99,000个交易者在市场上清算，总清算超过3亿美元，其中包括短暂的2亿美元…… - 吴链链（@@wublockchain），2025年5月21日

Bitcoin’s leap sent the entire market reeling. In the past 24 hours, around 99,000 traders saw their positions liquidated, with total liquidations clocking in at over $300 million. One astonishing aspect of this is that $200 million of this represented traders going from short to long positions in Bitcoin, which kind of shows where sentiment is headed. Going back to the previous paragraph, this fresh high is occurring just after Tether minted more USDT, and earlier, we suggested that large minting events might be linked to Bitcoin’s recent price ascent.

比特币的LEAP发送了整个市场。在过去的24小时内，大约99,000个交易者看到了他们的头寸清算，总清算收入超过3亿美元。令人惊讶的一个方面是，其中有2亿美元代表了从比特币中短期到长时间的交易者，这是情感的发展。回到上一段，这个新鲜的高潮正是在Tether铸造更多的USDT之后发生的，并且早些时候，我们建议大型铸造活动可能与比特币最近的价格上涨有关。

Tether’s Growing Footprint and a Historic Year for USDT Minting

Tether的足迹不断增长，是USDT Minting的历史年份

Tether has been absolutely booming since the start of 2025. So far this year, the company has created a staggering $15.7 billion worth of USDT, taking into account both fresh issuances and burned tokens. For the most part, this consistent growth has occurred on the Tron and Ethereum blockchains—Tether’s platforms of choice, thanks to their robust liquidity (and consequently, low slippage) and nearly universal presence across the crypto ecosystem’s exchanges and DeFi protocols.

自2025年初以来，Tether一直在蓬勃发展。考虑到新的发行和被烧毁的代币，该公司今年到目前为止创造了价值157亿美元的USDT。在大多数情况下，这种一致的增长发生在TRON和以太坊区块链上 - 由于其强大的流动性（因此，滑倒低）以及在加密生态系统的交流和Fefi方案中几乎普遍存在的稳固的流动性（因此，几乎是普遍存在）。

The newest issuance of $2 billion is not an isolated event but part of a clear pattern in recent months. From April 23 to May 7, Tether minted around $6 billion in USDT. During those same days, Bitcoin reemerged above the $100,000 line after three months of sitting below it, leading many to see a direct connection between the upward swing in Bitcoin and the newfound liquidity afforded by Tether.

最新的20亿美元发行不是一个孤立的事件，而是最近几个月明确的模式的一部分。从4月23日至5月7日，绳索在USDT中铸造了约60亿美元。在同一天，在坐下三个月之后，比特币重新出现了100,000美元的线路，导致许多人看到比特币的向上摆动与Tether提供的新发现的流动性之间的直接联系。

An analogous situation unfolded on May 15, when another $2 billion in USDT was created. Soon afterwards, Bitcoin price once more skyrocketed, this time punching through the $105,000 ceiling. With today’s stablecoin market being replenished to the tune of $2 billion, and Bitcoin price now well above $109,000, the correlation between those two events seems to have tightened in the mind of quite a number of traders and analysts.

5月15日，在USDT创建了另外20亿美元的情况下，这种情况发生了类似的情况。此后不久，比特币价格再次猛增，这次是在105,000美元的天花板上打孔。随着当今的Stablecoin市场被补充到20亿美元的收入，比特币价格现在远高于109,000美元，这两个事件之间的相关性似乎已经收紧了许多交易员和分析师。

Tether minted another 2B $USDT an hour ago. Will this drive $BTC's price up?

Tether每小时在每小时再铸造2B $ USDT。这会推动$ BTC的价格上涨吗？

In 2025, #Tether minted a total of 15.7B $USDT(including burns) on #Tron and #Ethereum.

在2025年，#Tether在#Tron和#Ethereum上总共铸造了15.7B $ USDT（包括Burns）。

As shown in the image below, Tether's minting of $USDT has typically led to a rise in $BTC's price.

如下图所示，Tether的$ USDT铸造通常导致BTC的价格上涨。

From April… pic.twitter.com/4fpiB1ad52

从4月开始…pic.twitter.com/4fpib1ad52

— Lookonchain (@lookonchain) May 21, 2025

- lookonchain（@lookonchain）2025年5月21日

Stablecoin Liquidity: Fueling the Fire or Following the Flame?

Stablecoin流动性：加油还是在火焰之后？

The connection between Tether minting and Bitcoin price increases has been closely studied by the crypto community, though there remains some disagreement over what, exactly, these events signify. Some researchers argue that more Tether means more market demand for Bitcoin, even if Tether isn’t strictly a vehicle for getting Bitcoin into investors’ hands. Others think that when Tether is being minted, that’s a sign of rising Bitcoin demand, while also considering Tether a Bitcoin proxy of sorts.

加密社区对束缚造币机和比特币价格上涨之间的联系进行了密切研究，尽管这些事件的确切含义仍然存在分歧。一些研究人员认为，即使系托尔并不是严格地将比特币融入投资者手中的工具，也意味着更多的束缚意味着对比特币的市场需求。其他人则认为，当系绳被铸造时，这是比特币需求上升的迹象，同时也考虑了系绳代理。

No matter which side of the argument one favors, the data is compelling. Every major USDT mint this year has synced up closely with big upward moves in Bitcoin. The consistent coupling of minting events and price surges has made Tether’s blockchain activity into a must-watch signal for traders.

无论参数的哪一方都有利于数据，数据都令人信服。今年的每一个主要的USDT薄荷都与比特币的大量向上移动密切同步。铸造事件和价格飙升的一致耦合使Tether的区块链活动成为交易者必不可少的信号。

Market positioning is another essential element. Traders have been betting against a near-term breakout, as shown by the $200 million in liquidations that occurred in the past 24 hours. These forced liquidations create cascading buy orders that drive prices up and exacerbate volatility. In this scenario, the presence of Tether in the market ensures that there are enough capital and liquidity to absorb the buying pressure created by cascading forced liquidations without triggering a price reversal.

市场定位是另一个基本要素。贸易商一直在押注近期突破，正如过去24小时内发生的2亿美元清算所表明的那样。这些强制清算产生的级联买入订单，以推动价格上涨并加剧波动。在这种情况下，市场在市场中的存在可确保有足够的资本和流动性来吸收级联强迫清算产生的购买压力，而不会触发价格逆转。

Looking Ahead

展望未来