The total crypto market capitalization has surged by over $200 billion in the past few days, spurred by the recent spike in Bitcoin (BTC) price above $67,000. Both Bitcoin and Ethereum have witnessed significant gains, with their prices rising over 10% in the past week, trading at approximately $67,300 and $2,618, respectively.

在比特幣 (BTC) 價格近期飆升至 67,000 美元以上的推動下，過去幾天加密貨幣總市值飆升超過 2000 億美元。比特幣和以太坊均大幅上漲，過去一周價格上漲超過 10%，交易價格分別約為 67,300 美元和 2,618 美元。

This surge has sparked interest in meme coins, particularly Dogecoin (DOGE), indicating an increase in speculative trading activity. Moreover, the sentiment within the crypto community remains optimistic, with over 95% of Bitcoin addresses currently in profit.

這種激增引發了人們對迷因幣的興趣，特別是狗狗幣（DOGE），顯示投機交易活動增加。此外，加密社群內的情緒仍然樂觀，目前超過 95% 的比特幣地址都處於盈利狀態。

Factors Contributing to the Crypto Rally:

促成加密貨幣上漲的因素：

• Rising Open Interest (OI): The fear of missing out (FOMO) is prevalent in the crypto space, leading to increased trading activity. Bitcoin's fear and greed index has reached 73%, signaling a high level of greed among traders.
• High Whale Investor Demand: Whales, or large investors, have been accumulating Bitcoin at record levels. CryptoQuant reports that new whale investors now hold approximately 1.97 million coins, a substantial increase from the start of the year. Santiment has also observed a surge in whale transactions, with over 11,697 transfers involving $100,000 or more recorded recently.
• ETF Interest: US-based spot Bitcoin ETFs have been actively purchasing coins, with over $1.5 billion worth of inflows in the past four days. Notable among these is BlackRock's IBIT, which contributed around $458 million on Wednesday alone.
• Historical Bullish October: Bitcoin has historically performed well in the fourth quarter. With the upcoming 2024 US elections and anticipated Fed rate cuts, the crypto market is expected to continue its bullish trend.

未平倉合約 (OI) 上升：加密貨幣領域普遍存在對錯過機會 (FOMO) 的恐懼，導致交易活動增加。比特幣的恐懼和貪婪指數已達到 73%，顯示交易者的貪婪程度很高。 CryptoQuant 報告稱，新的鯨魚投資者目前持有約 197 萬枚代幣，較年初大幅增加。 Santiment 也觀察到鯨魚交易激增，最近記錄了超過 11,697 筆涉及 100,000 美元或更多的轉帳。其中值得注意的是貝萊德的 IBIT，光是週三就貢獻了約 4.58 億美元。隨著 2024 年美國大選的臨近以及聯準會降息的預期，加密貨幣市場預計將延續看漲趨勢。