Bitcoin Could Sail To $70K On The Tailwinds Of Stablecoin Minting, Chinese Stimulus, Renewed Altcoin Activity: 10x Research
Bitcoin Could Sail To $70K On The Tailwinds Of Stablecoin Minting, Chinese Stimulus, Renewed Altcoin Activity: 10x Research
With Bitcoin (CRYPTO: BTC) breaking above $66,000, 10x Research predicts a swift move towards $70,000 and new all-time highs, fueled by stablecoin minting, monetary stimulus in China and renewed altcoin activity.
比特幣(CRYPTO: BTC)突破了66,000美元,10x研究預測將迅速上漲至70,000美元,創下新的歷史高點,這是穩定幣鑄幣、中國貨幣刺激和新的另類幣活動的推動。
What Happened: The 10x Research analysts led by Markus Thielen highlighted in their latest report that since the Federal Reserve's September rate cut, Bitcoin and Ethereum (CRYPTO: ETH) have surged 5% and 11%, respectively.
發生了什麼:由馬庫斯·蒂倫(Markus Thielen)領導的10x研究分析師在最新報告中指出,自聯儲局9月份減息以來,比特幣和以太幣(CRYPTO: ETH)分別飆升了5%和11%。
Some altcoins also experienced more impressive gains like Ethena (CRYPTO: ENA), Sei (CRYPTO: SEI) and Shiba Inu (CRYPTO: SHIB) reported gains of 54%, 51%, and 36%, respectively.
一些另類幣也獲得了更驚人的收益,如Ethena(CRYPTO: ENA)、Sei(CRYPTO: SEI)和Shiba Inu(CRYPTO: SHIB),分別增長了54%、51%和36%。
The analysts point out several factors driving the uptrend:
分析師指出了推動上漲的幾個因素:
Stablecoin Minting
穩定幣鑄幣
The uptrend is supported by accelerating stablecoin minting, with nearly $10 billion issued in recent weeks, surpassing Bitcoin ETF flows.
上漲得到穩定幣鑄幣的支持,在最近幾周發行了近100億美元,超過了比特幣ETF的流動。
Circle, the company behind (CRYPT: USDC) and known for catering to regulated institutions, has accounted for 40% of recent stablecoin inflows, signaling increased interest from larger market players. Year-to-date, stablecoin inflows have reached $35 billion, pushing the total value of outstanding stablecoins to $160 billion.
Circle是(CRYPT: USDC)背後公司,以爲合規機構提供服務而聞名,佔最近穩定幣流入的40%,表明市場更大的參與者對穩定幣的興趣增加。今年以來,穩定幣流入達到350億美元,推動了未償還穩定幣的總價值達到1600億美元。
Altcoin Activity Spike
另類幣活動激增
The report highlights a DeFi renaissance followed a drop in bond yields, with Aave's (CRYPTO: AAVE) lending platform fees reaching $43 million in August, surpassing the previous peak of $42 million in March 2024. Bitcoin's dominance has waned post-FOMC meeting, while Ethereum gas fees have spiked due to increased altcoin activity.
報告指出,在債券收益率下降後,DeFi迎來了復興,Aave的借貸平台費用在8月達到了4300萬美元,超過了2024年3月的4200萬美元的峯值。隨着FOMC會議結束,比特幣的主導地位已經下降,而以太幣的燃料費用由於替代幣活動增加而激增。
Also Read: Bitcoin Is 97% Sure To Close The Month Above $60K—But What Are The Chances It Even Hits $70K?
此外閱讀:比特幣有97%的把握,在月底收於60000美元以上-但甚至達到70000美元的幾率是多少?
Retail Trading
零售交易
Retail crypto trading in South Korea has seen daily volumes of around $2 billion, with Shiba Inu reclaiming the top spot in trading volume, signaling rising speculation. Chinese over-the-counter brokers have reported consistent quarterly inflows of $20 billion for the last six quarters, totaling around $120 billion.
韓國的零售加密貨幣交易日成交量約爲200億美元,狗狗幣重新奪回交易量冠軍地位,預示着投機活動增加。中國場外經紀人已連續六個季度報告每季度約200億美元的資金流入,累計約1200億美元。
China Stimulus Plan
中國刺激計劃
The report suggests that the $278 billion Chinese stimulus plan, combined with potential capital outflows from China, could trigger a "parabolic rally" in cryptocurrency prices. 10x Research predicts Bitcoin will reach $70,000 in the next two weeks, with new all-time highs expected by late October.
報告指出,2780億美元的中國刺激計劃,加上潛在的資本外流可能會引發數字貨幣價格的「拋物線式漲勢」。 10x研究預測比特幣將在未來兩週內達到7萬美元,預計將在十月底創下新的歷史高點。
Interestingly, this surge coincides with Bitcoin's 30-day realized volatility dropping to 41%, potentially allowing institutional traders to take larger positions. The report concludes that the likelihood of a Q4 rally is "exceptionally high," with gains likely front-loaded and FOMO returning to the altcoin market.
有趣的是,這一激增與比特幣的30天實現波動率下降至41% 吻合,這可能使機構交易員能夠持有更大頭寸。報告得出結論認爲,Q4反彈的可能性「異常高」,收益可能會被提前前置,而FOMO將回歸替代幣市場。
What's Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
接下來:比特幣作爲機構資產類別的影響力預計將在Benzinga即將到來的數字資產未來活動中得到徹底探討。日期是11月19日。
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圖片
譯文內容由第三人軟體翻譯。