As Stablecoin Inflows Surge To All-Time Highs, Here's What It Could Mean For Bitcoin And Crypto Market
As Stablecoin Inflows Surge To All-Time Highs, Here's What It Could Mean For Bitcoin And Crypto Market
The stablecoin sector has witnessed a significant expansion since the beginning of July, coinciding with the overall upswing in the cryptocurrency market.
自7月初以来,稳定币行业呈现出显著扩张,并与整个加密货币市场的普涨相吻合。
What Happened: In an X post on Wednesday, Ki Young Ju, CEO of on-chain analytics firm CryptoQuant, noted that stablecoins have been flowing into the market since early July, reaching an all-time high last week. He highlighted that Tether (CRYPTO: USDT), the world's largest stablecoin by market cap, accounted for 70% of the total share.
事件详情:上周三,在对链上分析公司CryptoQuant进行的X帖子中,首席执行官Ki Young Ju指出,从7月初开始,稳定币一直流入市场,上周达到历史最高水平。他指出,市值最大的稳定币泰达币(CRYPTO:USDT)占总份额的70%。
Previous instances of USDT market growth were followed by notable rallies in Bitcoin (CRYPTO: BTC). Though not significant yet, the analyst acknowledged that the upward trend in stablecoins is noteworthy.
之前USDt市场增长的情况后来导致了比特币(CRYPTO:BTC)的显着涨势。虽然尚未达到显著程度,但分析师承认稳定币上升趋势值得关注。
Stablecoins started flowing into the market.
— Ki Young Ju (@ki_young_ju) July 17, 2024
Their market cap has risen since early July, hitting an all-time high last week. $USDT makes up 70% of the total market cap.
It may not be much yet, but the upward trend is noteworthy. pic.twitter.com/wLHvkyUfrE
稳定币开始流入市场。
——Ki Young Ju(@ki_young_ju)2024年7月17日
自7月初以来,它们的市值有所上升,上周达到历史最高水平。其中$USDt占总市值的70%。
虽然还不够明显,但上升趋势值得关注。pic.twitter.com/wLHvkyUfrE
In a note shared with Decrypt, CryptoQuant noted that stablecoin liquidity needs to expand further, especially from USDT, to justify a continued increase in Bitcoin's price.
据Decrypt分享的一份笔记指出,稳定币流动性需要进一步扩大,特别是来自USDt的流动性,以证明比特币价格的持续上涨是有道理的。
Why It Matters: As is well known, stablecoins allow traders to preserve their fiat value without cashing out. Due to this, they are the preferred way for traders, especially on non-fiat cryptocurrency exchanges, to enter and exit trades.
为大家所知,稳定币可以让交易者在不需要出售加密货币的情况下维持法定货币价值。因此,对于交易者来说,它们是进入和退出交易的首选方式,特别是在非法定货币的加密货币交易所。
Spikes in stablecoin market cap could therefore be interpreted as bullish signals, as investors are likely using them to buy other cryptocurrencies, including Bitcoin.
稳定币市值的飙升因此可以被解释为积极信号,因为投资者很可能会使用它们来购买其他数字货币,包括比特币。
As of this writing, more than $165 billion worth of stablecoins are in circulation, with most major ones pegged to $1.
截至本文撰写时,流通中的稳定币价值超过1650亿美元,其中大多数主要是锚定了1美元的稳定币。
Price Action: At the time of publication, Bitcoin was trading at $64,783.01, following a 0.57% dip in the last 24 hours, according to data from Benzinga Pro. The market has rallied sharply since pro-cryptocurrency presidential candidate Donald Trump escaped an attempt on his life.
价格走势:根据Benzinga Pro的数据,发表时,比特币的交易价格为64,783.01美元,在过去24小时内下跌了0.57%。自亲加密货币的总统候选人唐纳德·特朗普逃过一场袭击以来,市场已经大幅上涨。
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Image via Shutterstock
图片来自shutterstock。