BTC $62,987.14 -0.03%
ETH $1,879.20 +0.00%
BNB $604.82 -0.94%
XRP $1.00 -0.15%
SOL $75.36 +0.21%
TRX $0.3308 -0.43%
DOGE $0.0697 -0.31%
ADA $0.1769 -1.13%
BCH $203.44 -1.12%
LINK $9.35 +0.29%
HYPE $57.36 +1.89%
AAVE $85.99 -0.66%
SUI $0.6763 -0.77%
XLM $0.1567 -0.82%
ZEC $487.26 -0.36%
BTC $62,987.14 -0.03%
ETH $1,879.20 +0.00%
BNB $604.82 -0.94%
XRP $1.00 -0.15%
SOL $75.36 +0.21%
TRX $0.3308 -0.43%
DOGE $0.0697 -0.31%
ADA $0.1769 -1.13%
BCH $203.44 -1.12%
LINK $9.35 +0.29%
HYPE $57.36 +1.89%
AAVE $85.99 -0.66%
SUI $0.6763 -0.77%
XLM $0.1567 -0.82%
ZEC $487.26 -0.36%

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

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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