BTC $64,174.47 -1.07%
ETH $1,873.30 -2.66%
BNB $575.59 -0.69%
XRP $1.09 -1.75%
SOL $75.66 -2.39%
TRX $0.3229 -0.54%
DOGE $0.0733 -0.91%
ADA $0.1621 -1.23%
BCH $221.79 -2.91%
LINK $8.39 -1.50%
HYPE $62.66 -6.88%
AAVE $92.45 -4.43%
SUI $0.7483 -0.16%
XLM $0.1894 +1.47%
ZEC $544.38 -4.65%
BTC $64,174.47 -1.07%
ETH $1,873.30 -2.66%
BNB $575.59 -0.69%
XRP $1.09 -1.75%
SOL $75.66 -2.39%
TRX $0.3229 -0.54%
DOGE $0.0733 -0.91%
ADA $0.1621 -1.23%
BCH $221.79 -2.91%
LINK $8.39 -1.50%
HYPE $62.66 -6.88%
AAVE $92.45 -4.43%
SUI $0.7483 -0.16%
XLM $0.1894 +1.47%
ZEC $544.38 -4.65%

비트코인 “한정 2100만 개” 판매점이 시장의 의문을 사고 있으며, ETF와 선물이 “합성 공급”을 만들어 시장에 충격을 주고 있다

2026-02-05 20:35:54
수집

随着比特币抛售加剧跌破 7 万美元,其"限量 2100 万枚"的核心卖点正遭市场质疑,分析人士指出 ETF、现金结算期货、期权及融资借贷等衍生工具已稀释比特币稀缺性,创造出"合成供应",使价格更多受衍生品交易而非供需驱动。

资深分析师 Bob Kendall 发文表示:"一旦可以合成供应,资产不再稀缺,价格就变成衍生品游戏,这正是比特币当前的现状。类似结构性变化也曾出现在黄金、白银、石油及股票市场。"

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