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.

在比特币 (BTC) 价格近期飙升至 67,000 美元以上的推动下，过去几天加密货币总市值飙升超过 2000 亿美元。比特币和以太坊均出现大幅上涨，过去一周价格上涨超过 10%，交易价格分别约为 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.

这种激增引发了人们对模因币的兴趣，特别是狗狗币（DOGE），表明投机交易活动有所增加。此外，加密社区内的情绪仍然乐观，目前超过 95% 的比特币地址都处于盈利状态。

Factors Contributing to the Crypto Rally:

促成加密货币上涨的因素：

• 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.

未平仓合约 (OI) 上升：加密货币领域普遍存在对错过机会 (FOMO) 的恐惧，导致交易活动增加。比特币的恐惧和贪婪指数已达到 73%，表明交易者的贪婪程度很高。 鲸鱼投资者的高需求：鲸鱼或大投资者一直在以创纪录的水平积累比特币。 CryptoQuant 报告称，新的鲸鱼投资者目前持有约 197 万枚代币，较年初大幅增加。 Santiment 还观察到鲸鱼交易激增，最近记录了超过 11,697 笔涉及 100,000 美元或更多的转账。 ETF 兴趣：美国现货比特币 ETF 一直在积极购买比特币，过去四天流入价值超过 15 亿美元。其中值得注意的是贝莱德的 IBIT，仅周三就贡献了约 4.58 亿美元。 历史看涨 10 月：比特币历史上在第四季度表现良好。随着 2024 年美国大选的临近以及美联储降息的预期，加密货币市场预计将延续看涨趋势。