According to CryptoQuant data, retail investor interest in Bitcoin has reached its highest level in the last four years. This renewed enthusiasm coincides with a general wave of excitement in the cryptocurrency market, fueled by rising altcoin prices and increased mainstream interest.

根據 CryptoQuant 的數據，散戶投資者對比特幣的興趣達到了過去四年來的最高水準。這種新的熱情與加密貨幣市場的普遍興奮浪潮同時發生，這是由山寨幣價格上漲和主流興趣增加所推動的。

Key indicators, such as retail investor demand and funding rates, are exhibiting significant growth. CryptoQuant analyst JA Maartunn observed that this renewed activity aligns with broader market trends.

散戶需求和融資利率等關鍵指標均呈現顯著成長。 CryptoQuant 分析師 JA Maartunn 觀察到，這項新的活動符合更廣泛的市場趨勢。

"With the rise of Dogecoin, elevated funding rates, and a surge in Google searches for Bitcoin, it's impossible to overlook the resurgence of retail trading," Maartunn noted.

Maartunn 指出：“隨著狗狗幣的興起、融資利率的提高以及谷歌對比特幣的搜索量激增，我們不可能忽視零售交易的複蘇。”

The 30-day moving average of retail investor demand further supports this upswing, indicating sustained participation from smaller investors.

散戶需求的 30 天移動平均線進一步支持了這種上漲，顯示中小投資者的持續參與。

The interest from retail investors extends beyond Bitcoin. CryptoQuant data reveals growing interest in altcoins, encompassing memecoins, decentralized finance (DeFi) projects, and established altcoins with higher risk profiles.

散戶投資者的興趣不僅限於比特幣。 CryptoQuant 數據顯示，人們對山寨幣的興趣日益濃厚，包括迷因幣、去中心化金融 (DeFi) 計畫以及風險較高的既定山寨幣。

"Our analysis indicates that retail demand is targeting a diverse range of assets, including memecoins, DeFi projects, and large altcoins. These categories seem to be attracting the most attention from retail participants," the analyst added.

「我們的分析表明，散戶需求瞄準了多種資產，包括模因幣、DeFi 項目和大型山寨幣。這些類別似乎最吸引散戶參與者的關注，」分析師補充道。

Bitcoin recently attained a record high exceeding $93,500, but has since experienced a slight pullback. While enthusiasm in the altcoin market has contributed to an uptick in funding rates, analysts caution about potential market volatility.

比特幣最近創下了超過 93,500 美元的歷史新高，但此後經歷了小幅回檔。儘管山寨幣市場的熱情推動了融資利率的上升，但分析師對潛在的市場波動提出了警告。

Ryze Labs analysts advise caution regarding the risks associated with aggressive leverage:

Ryze Labs 分析師建議謹慎看待與激進槓桿相關的風險：

"Funding rates have escalated, suggesting a return to aggressive leverage, with numerous altcoin longs exposed to funding above 50% APY. Retail interest has been heavily concentrated in memecoins, with Robinhood and Coinbase recently adding PEPE and WIF to their listings."

「融資利率已經上升，顯示槓桿率回歸激進，許多山寨幣多頭面臨的融資額超過年化年利率的50%。散戶興趣主要集中在memecoins，Robinhood 和Coinbase 最近將PEPE 和WIF 添加到他們的名單中。

*This information is not intended as investment advice.

*此資訊不作為投資建議。