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别再等着别人允许你才开始创业了。
Stop waiting for permission to start your business.
你的想法离实现只差一步，而Shopify能让这一切变得简单。
Your idea is one step away, and Shopify can make it easy to make it happen.
我们就是这样做的，在Crypto one zero one用Shopify卖我们的书，之后的事情就顺理成章了。
That's what we did at Crypto one zero one and use Shopify to sell our book, the rest is history.
我喜欢Shopify的一点是，它把创业中最让人害怕的部分都解决了。
The thing I like about Shopify is it takes the scary part out of starting.
你不需要自己费劲去搞定网站、支付、结账、库存这些琐碎的事情，很多人还没开始就被这些绊住了。
You're not just sitting there trying to figure out a website, payments, checkout, inventory, all these little things that stop people before they even launch.
说到搭建网店，最大的问题就是麻烦。
When I think about building a storefront, the biggest thing is friction.
你希望顾客一进你的页面，就喜欢上你的产品，然后顺利下单，不会卡住。
You want someone to land on your page, like what you're selling, and be able to buy without getting stuck.
这正是Shopify的厉害之处。
That's where Shopify is huge.
Shopify的结账系统就是为了帮助更多顾客完成购买而设计的，而且当他们再次光顾时，他们的信息已经保存好了。
Shopify checkout is built to help more customers finish their purchase, and when they come back, their details are already saved.
一键就能搞定。
One tap and they're done.
最棒的是，Shopify支撑着全球数百万家企业，从你熟知的大品牌，比如Mattel和Gymshark，到刚刚起步的小企业。
The cool part is Shopify powers millions of businesses worldwide from huge brands that you know, like Mattel and Gymshark to small businesses just getting started.
所以无论你是想打造下一个大品牌，还是推出你的第一款产品，基础设施都已经准备好了。
So whether you're building the next big brand or launching your first product, the infrastructure is already there.
一旦这部分搞定了，你就可以专注于真正重要的事情：打造品牌、吸引关注、把顾客带到你的店铺，让生意成长起来。
Once that part is handled, you can focus on the real work, building the brand, getting attention, and bringing people to your storefront so the business can grow.
当有人真正下单的那一刻，你的想法就变成了现实。
That moment when someone actually buys, that's when the idea becomes real.
有了Shopify，你的想法和真正的生意之间没有任何障碍，所以去实现它吧。
With Shopify, nothing stands between your idea and a real business, so go make it one.
今天就去shopify.com/crypto10one开始你的免费试用吧。
Start your free trial today at shopify.com/crypto10one.
这是shopify.com/crypto10one的免费试用。
That's a free trial at shopify.com/crypto10one.
八月是稍微整理一下衣柜的好时机。
August is a good time to clean up the closet a little bit.
把那些夏天没用过的东西处理掉。
Get rid of the summer stuff that you didn't use.
为秋季衣橱做准备，升级那些你每周都会真正穿的基础款。
Prepare for your autumn wardrobe and upgrade the basics that you'll actually reach for every week.
这就是我喜欢Quince的原因。
That's why I like Quince.
他们做更少但更好的单品，感觉很高档，但没有奢侈品的加价。
They make fewer better pieces that feel premium, but don't come with the luxury markup.
对我来说，我最常穿的是那件100%欧洲亚麻抽绳沙滩裤，配上同款衬衫。
For me, the piece I keep coming back to is the 100% European linen drawstring beach pants with the matching shirt.
我喜欢在海滩度假时穿它们，因为它们很随意、透气、舒适，而且看起来得体，又不会让人觉得我用力过猛。
I love wearing them on beach vacations because they're easy, they're breathable, comfortable, and they look put together without feel like I'm trying too hard.
白天穿上它们，在水边穿也行，晚上稍微打扮一下也可以。
Throw them on during the day, wear them by the water, or dress up a little bit at night.
这就是我真正会用的那种百搭单品，因为它很实用。
That's the kind of staple I actually use because it has versatility.
而这正是Quince做得好的地方。
And that's really what Quince does well.
他们专注于制作日常穿着的单品，比如超柔软的有机棉T恤和高级的玉兰与羊绒毛衣，这些衣服可以从休闲的工作日穿到晚餐外出。
They specialize in everyday pieces that work harder like ultra soft organic cotton tees and premium magnolia and cashmere sweaters that can go from a casual workday to dinner out.
如果你的基础款开始显得旧了，Quince让你轻松升级，有高级牛仔布和合身的休闲裤，起价只要60美元，而且版型和面料质量都是奢侈设计师品牌级别的。
If your basics are starting to feel worn out, Quince makes it easy to upgrade with premium denim and tailored chinos from just $60 with the fit structure and quality fabrics you'd expect from a luxury designer brand.
Quince的所有商品价格都比类似品牌便宜50%到80%。
Everything at Quince is priced 50 to 80% less than similar brands.
他们直接与道德工厂合作，省去中间商，所以你付的是高品质的钱，而不是品牌溢价。
They work directly with ethical factories and cut out the middleman so you're paying for high quality, not brand markup.
而且不只是服装。
And it's not just clothing.
Quince已经成了大家的首选，从酒店级别的床上用品、浴室必需品，到高端厨具和旅行必备品，应有尽有。
Quince has become a go to for everything from hotel quality bedding and bath essentials to premium cookware and travel must haves.
各位，你们听我讲了这么久，我一直告诉你们一定要去quince.com看看，因为那个网站真的很有意思，选择特别多。
Guys, you've been hearing it for so long now how I tell you you have to go to quince.com because the website is so fun for all the options that they have.
那是个很棒的网站，可以随便逛逛，而且价格绝对无敌。
It's a great website to go click around and the prices can't be beat.
升级你的日常生活，下载Quince应用，享受专属优惠。
Upgrade your everyday, download the Quince app for app exclusive offers.
访问quince.com/crypto10one。
Go to quince.com/crypto10one.
享受免运费和365天退货服务，现在加拿大和英国也可以享受了。
Get free shipping on your order and three hundred and sixty five day returns now available in Canada and The UK too.
网址是quince.com/crypto10one。
That's quince.com/crypto10one.
好了，各位。
Alright, everybody.
欢迎回到《加密快报》。
Welcome back to the Crypto Rundown.
星期二快乐，早上好，祝所有看涨的朋友们新的一周愉快，尤其是那些不看跌的朋友们。
Happy Tuesday and happy good morning, good new week to all the bulls out there and especially not the bears.
因为你收听这个节目，是因为你想知道那个秘密交易策略被揭晓了。
Because you're tuning in because you wanna know the secret trading strategy is revealed.
确保你在加密货币牛市中盈利的第一条规则。
The number one rule to making sure you can profit in a crypto bull market.
如果是这样的话，我们在这里用多年的经验告诉你那是什么。
If that's the case, we are here to tell you from years of experience what that is.
这个内容会在节目中间出现，而且它会比你想象的要简单得多。
And it's coming up in the middle of the episode, and it's it's gonna be a lot simpler than you think.
所以你要坚持听到第一条规则。
So you're gonna wanna stick around the number one rule.
但在那之前，我们得先介绍布伦丹。
But before we get to that, we gotta introduce Brendan.
Brendan，欢迎回到节目。
Brendan, welcome back to the show.
自从上周那波暴涨之后，我们就没见过你了。
We haven't seen you since this face ripper of last week happened.
你看屏幕上，加密货币总市值20，七天涨了25%。
You could see on the screen here, we got the coin market cap 20, up 25% in seven days.
比特币涨了22%。
Bitcoin up 22.
以太坊差不多涨了30%，而Brendan那边南佛罗里达正下着雷暴雨。
Ethereum kissing almost 30% as Brendan getting some thunderstorms out there down in South Florida.
你还好吗，朋友？
How are you doing, my friend?
又是闪电和雷暴。
Dodge and lightning once again.
所有佛罗里达的朋友们，你们懂的。
For all the Floridians out there, you know how it is.
这算是个背景笑话，或者说是我们之间的内部笑话，因为我们之前有一次在Tevo节目上，闪电击中，断电了，把我电到了，我整个人就废了。
Little bit of a of a of a background joke for us or an inside joke because we were on one of these once before Tevo, and lightning hit, knocked out the power, fried me, and I was out of commission.
而且，你知道，这种事好像已经发生过两次了，但我现在挺好的，兄弟。
And, you know, I think that's happened twice now, but doing good, man.
你说得对。
You're right.
这是我们很久以来见过的最大的一次波动之一。
This is the one of the largest moves that we've seen in a long time.
自从上周二我们做节目以来，加密货币市场经历了我们见过的历史性上涨之一，我想说，这是自熊市开始以来我们见过的最具历史意义的复苏，也绝对是最重要的复苏。
The crypto market since we did this last Tuesday on one of the most historic runs that we've seen, probably, I would say the most historic recovery that we've seen and definitely the most important recovery that we've seen since the bear market started.
我们总是喜欢说，嘿。
Now we always like to say, you know, hey.
我们有这个技术分析版本。
We have this technical version that we do.
这是我们在周四分析图表和技术指标的部分。
This is where we go over the charts and the technicals on Thursdays.
大家记得收看那个节目。
Tune in for that, guys.
我们还有很多其他精彩内容要带给你们，包括播客。
We have all sorts of other great content coming your way, including podcasts.
但今天，我们想更多地聊聊这里的基本面、催化剂，以及很多影响市场的新闻相关操作。
But today, we wanna talk more about, like, the fundamentals of what's going on here and the catalyst and a lot of, like, the news related plays as well that's affecting the market.
所以当我们深入探讨时，我觉得这会是其中一个比较重要的节目，Tevo，帮助大家理解为什么会发生这种情况。
And so as we dive into that, again, I think this is gonna be one of the more important one, Tevo's, and helping people understand why this is happening.
因为我觉得，如果你理解了为什么会发生这种情况，你就能更好地判断：这只是一次短暂的反弹，还是能带来比这更重大的变化？
Because I think that if you understand why this is happening, you can get a better understanding about, well, is this just a short little relief rally, or can this lead to something much more significant than that?
而且，剧透一下，我倾向于认为这能带来比我们已看到的更重大的变化，更持久的变化。
And, you know, spoiler alert, you know, I'm in the camp of I think that this can lead to something even more significant than than what we've already seen, something more sustained.
这并不意味着不会有回调之类的，但确实有很多好东西要讲。
Doesn't mean we won't have pullbacks and stuff, but, yeah, a lot of really good stuff to cover.
这期节目会非常精彩。
It's gonna be action packed.
对。
Yeah.
现在正是盘点市场情况的好时机，这一周的价格走势真是超级有趣。
It's it's just a good time to take inventory on what's going on in absolute super fun week of price action.
但正如你在这里看到的，至少在币市值排行榜上，我们现在是极度贪婪的小猪。
But as you could see here, at least on the the coin market cap one, we're we're extremely greedy little piggies now.
而且你从上个月，还有整个夏天，我们不是处于极度恐惧就是恐惧本身。
And you went from, you know, obviously last month and then all summer, we were in either extreme fear or fear itself.
现在却直线飙升，你知道，即使是大型币种平均也有25到30的涨幅，这真是特别特别的一周价格走势。
And now just rocketing after, you know, you know, an average of what 25 to 30 moves on on even the large caps is is a special special week of price action.
那是什么原因导致的呢？
So what's causing all that?
我们会一一拆解。
We're going to break it all down.
我们有一阵子没提这个了，因为你知道，那段时间真是让人疲惫不堪的阶段。
We haven't pulled this up in a while because it's just been, you know, again, it was the wear you out phase.
之前没什么动静。
There wasn't much going on.
不过咱们把图表调出来吧，布伦丹。
But let's pull up the block, Brendan.
告诉我们你想看哪里，因为……对。
Show let us know where you wanna go because it's Yeah.
能回来看到ETF这种行情，拿到这些数据，真让人兴奋。
Exciting to be back to see this type of action for the ETFs and get this data.
对。
Yeah.
好，往下滚动吧。
Well, scroll us down.
应该就在下面两个图表的位置，是ETF资金流向。
It it should be like two charts beneath this into the ETF flows.
再往下一点，然后我们就能看到左边是现货比特币ETF的资金流向。
So one more down, and then we'll see here that you have the spot Bitcoin ETF flows on the left.
如果你把图放大，比如看最近十二到三个月的数据，就能看到ETF资金流入在这里飙升了。
And if you zoom us in there, maybe even to the last twelve to three months or so, then what we can see on that is that the ETF flows have skyrocketed here.
我的意思是，最近几天它们的涨幅非常惊人。
I mean, they are up a tremendous amount here in recent days.
对，就是那个家伙。
And, yeah, that's the guy right there.
如果你把图放大到十二个月或三个月的视图，就能看到这个东西真的起飞了，达到了今年以来的最高水平，尤其是最近三个月。
And if you zoom us into maybe the twelve month or the three month view, then you can see this thing really take off to some of the highest levels that we've seen this year, especially in the last three months.
而且，我觉得我们上个月左右在这里强调的一个重点，Tevo，就是你确实开始看到卖方枯竭的迹象了。
And one of the big things that that I think we even highlighted on here, Tevo, maybe in the last month or so, is that you really started to see signs of seller exhaustion.
我们之前讨论过这个。
We talked about that.
我们说过，看起来空头已经精疲力尽了。
We said that it looks like the bears are getting exhausted.
看起来你正在看到一些卖方枯竭的现象。
It looks like you're seeing some seller exhaustion.
其中一个观察到的迹象就是，比特币和以太坊的ETF资金流出大幅减少，那些大额流出的日子开始枯竭。
And one of the ways that you could have seen that was through the ETF flows really starting to dry up from those big outflow days on both Bitcoin and Ethereum.
现在你看到的是，比特币在最近三个月甚至六个月里，连续多日录得最高的资金流入水平，真的。
And now what you've seen here is this is the highest level of inflows that we've seen on Bitcoin multiple different days in a row in the last three months, even in the last six months, really.
这是我们见过的最大单日流入之一，我觉得这意义重大。
This is some of the largest days that we've seen, and I think that that's significant.
所以不仅比特币的ETF流入看起来亮眼，以太坊的也很不错。
So not only are the Bitcoin ETF inflows looking impressive, the Ethereum ones are as well.
而以太坊，我觉得是其中一个大的亮点，因为它一直是表现最好的之一，不仅在加密货币领域，尤其是在大盘股领域，也是主要的领跑者之一。
And Ethereum, I think, is one of the big shining stories because that remains to be one of the better performers, one of the key outperformers amongst not only all of crypto, but especially in that large cap space.
以太坊确实表现非常强劲，持续保持亮眼。
You have Ethereum really, really performing quite well to the upside and kind of remaining that shining star.
你知道，大约一两周前我们报道过，以太坊从低点反弹的幅度是比特币的两倍。
You know, when we reported on it about a week or two ago, Ethereum was up twice as much as Bitcoin was off the lows.
我觉得这让很多人感到兴奋，因为已经建立了那么多基础设施，这也是我们过去一个月一直在讨论的话题。
And I think that that was something that a lot of people were excited to see because of all of the infrastructure that's been built, and it's something that we've been talking a lot about in the last month.
我知道我之前有点跑题了，对吧，还得让你和亨特、布莱斯把我拉回来，聊我为什么觉得以太坊的价格可能被严重低估了，而且很多已经发生的事情还没被市场消化。
I know I've gone on my little, like, side side part rants about it, right, where I've had to have you and Hunter and Bryce reel me back in talking about why I think, you know, Ethereum is at this huge, huge, maybe misunderstanding about where it should be priced and how I don't believe a lot of the stuff that has happened has been priced in yet.
我觉得潜力很大，这一点一直没变。
And I think that there's a lot of potential, and that has not changed.
我仍然这么认为。
I still think that's there.
现在我觉得我们开始有点追赶的意思了，价格正在追上实际发生的情况和我们看到的增长。
Now I think we're just starting to get a little bit of of of a game of catch up where price is catching back up to what really has happened and the growth that we've seen.
对。
So yeah.
我是说，这图表真漂亮。
I mean, beautiful chart here.
完全呈抛物线走势，Tevo。
Completely parabolic, Tevo.
从1800涨到差不多2500，或者说22500美元。
1,800 to almost 2,500 or $22,500.
太疯狂了。
Insane.
太疯狂了。
Insane.
对。
Yeah.
这周很有意思，也是应得的，你知道，下跌时的洗盘阶段，还有基本上整个夏天的磨人阶段。
It's been fun week and a well deserved week for, you know, the shakeout phases when we're going down and the wear out phase, which is basically all summer.
但现在你开始从价格走势中看到了，这是必要的，因为我觉得很长一段时间，特别是今年，我们一直在报道基本面，虽然不能说全是好消息，但大部分都是基本面积极的消息。
But you're starting to see it with the price action and it's what's needed because I think for a long time, especially this year, we've been reporting on all the fundamentals and there's been, you know, I I won't say nothing but good news, but the majority has been fundamentally positive news.
然后突然之间，感觉就像今年夏天初，大家都把希望寄托在《清晰法案》上，我们报道过，但它没有通过，人们原本期待八月能通过。
And then kind of all of a sudden, it felt like maybe in the beginning of this summer, everybody was kind of hanging their hat on the clarity act and we covered that and it wasn't going through where people were eyeing it up in August.
然后，你知道，那可能是最后一点希望，有些人说，哦，我们彻底失去希望了，然后事情就是这样，对吧？
And then, you know, that was kind of that last ditch maybe of some people saying like, oh, we've lost all hope and then that's how it works, right?
当你知道，就在大多数人彻底失去希望的时候，它就会在回来的路上狠狠打你的脸，这就是我们现在看到的。
When you know, right when the majority will lose all hope, it's going rip in your fates on the way back, which is what we're seeing right now.
我们会在节目最后听听你的看法，聊聊我们看到的监管方面的情况，以及可能从基本面导致这一切的原因。
And we'll cover that with your opinion at the end of the show of of what we're seeing, you know, regulation wise and and what could be causing this fundamentally.
对。
Yeah.
但价格走势实在太明显了，不能忽视。
But it's just the price action's too big to ignore.
所以让我们来看看你看到的这个期权激增的情况。
So let's bring up this this options surge that you're seeing.
现在大家都在谈论人工智能，但真正重要的人工智能是那种能帮你节省时间、帮你做出更明智决策、减轻你工作负担的。
Everybody is talking about AI right now, but the AI that actually matters is the kind that saves you time, helps you make smarter decisions, and takes work off your plate.
如果你在经营电商业务，物流就是那种要么让你继续前进，要么让你完全慢下来的事情之一。
And if you're running an e commerce business, shipping is one of those things that can either keep you moving or completely slow you down.
这就是我喜欢ShipStation的原因。
That's why I like ShipStation.
它是一个为电商业务打造的一体化订单履行平台，其人工智能基于全球数十亿次发货的真实物流数据训练而成，这些数据积累了几十年。
It's an end to end order fulfillment platform built for ecommerce businesses, and its AI is trained on decades of real shipping data from billions of shipments across the world.
所以，与其在多个工具之间来回切换，ShipStation 能帮你掌控全局。
So instead of juggling a bunch of different tools, ShipStation helps you stay in control.
它能在库存不足时提醒你，推荐最优的承运商和费率，自动化任务，帮你在业务增长时节省时间。
It can alert you when your stock is low, recommend the best carrier selections and rates, automate tasks, help you save time as you grow.
你还能获得跨销售渠道的库存同步、自动比价、品牌化退货门户，以及与会计和 CRM 软件的集成，所有这些都集中在一个地方。
You also get inventory syncing across sales channels, automatic rate shopping, a branded returns portal, and integrations with accounting and CRM software all in one place.
如果我在经营电商店铺，这正是我想要的工具，因为一旦订单开始涌入，你肯定不希望物流成为拖后腿的环节。
If I were running an e commerce store, this is exactly the kind of tool I'd want because once the orders start coming in, you don't want shipping to be the thing that's holding you back.
超过一百万家商家信赖 ShipStation 来优化和扩展他们的物流。
Over 1,000,000 businesses have trusted ShipStation to optimize and scale their shipping.
你越早切换，就能越早开始节省时间和金钱。
The sooner you switch, the sooner you start saving time and money.
今天就注册 ShipStation，在 shipstation.com 使用优惠码 crypto，即可免费使用六十天。
Get started with ShipStation today and get sixty days free at shipstation.com with code crypto.
网址是 shipstation.com，优惠码是 crypto。
That's shipstation.com, code crypto.
Shipstation.com，优惠码crypto。
Shipstation.com, code crypto.
税费和费用另计。
Taxes and fees apply.
不知道你怎么样，但我经常是到了饭点才想起来没准备。
I don't know about you, but dinner sneaks up on me all the time.
打开冰箱才发现，肉都没提前解冻。
I'll open the fridge and realize I have no protein ready.
这时候我可不想跑一趟超市，临时去买，还得碰运气看店里还剩什么肉或者汉堡。
And at that point, I'm not trying to go to the store, make a last minute grocery run, and gamble on whatever meats or burgers are left at the store.
所以，Omaha Steaks 放在冰箱里是个好主意。
That's why Omaha Steaks is a great freezer move.
就像家里有个信得过的肉铺，需要的时候随时有好肉。
It's like having a trusted butcher at home and quality protein when you need it the most.
Omaha Steaks 用一百多年的时间赢得了好口碑。
Omaha Steaks has earned its reputation with over a hundred years.
这是全国厨房里都信赖的牛肉，直接送到你家门口。
It's the same beef trusted in kitchens across the country shipped straight to your door.
牛排馆的品质，但不用花牛排馆的价格。
Steakhouse quality without the steakhouse prices.
你的家人会以为晚餐花了好几个小时，但其实没有。
Your family will think dinner took hours, but it didn't.
只要几分钟。
Just minutes.
如果你还没试过，汉堡完美拼盘是完美的起点。
And if you never tried them, the burger perfection flight is the perfect place to start.
你会得到20个优质牛排汉堡，由五种不同的牛排部位制成。
You get 20 premium steak burgers made from five different cuts of steak.
四个菲力牛排汉堡、四个纽约客牛排汉堡、四个肋眼牛排汉堡、四个牛胸肉汉堡和四个西冷牛排汉堡。
Four filet mignon burgers, four New York Strip burgers, four rib eye burgers, four brisket burgers, and four sirloin burgers.
各位，这简直就是汉堡界的山寨币篮子。
Guys, this is the altcoin basket of burgers right here.
如果我和布莱恩在节目里，我们会把这些对半分，因为你知道我们夏天多喜欢烧烤。
If me and Brian were on the rundown, we would be divvying these up fifty fifty because you know how we like to grill in the summer.
所以你得到的不仅仅是一盒汉堡，而是不同的风味、不同的口感，还有真正的牛排馆级别的多样性，你可以放在烤架上烤，或者工作日快速烹饪。
So you're not just getting a box of burgers, you're getting different flavor profiles, different textures, and real steakhouse style variety you can throw on the grill or cook up fast during the week.
今天就到 omahasteaks.com 试试汉堡完美组合吧。
Try the burger perfection flight at omahasteaks.com today.
20 个优质牛排汉堡只要 79.99 美元，使用促销码 beef 还能再减 35 美元。
That's 20 premium steak burgers for just $79.99 plus get $35 off with the promo code beef.
在 omahasteaks.com 结账时输入促销码 beef，立减 35 美元。
That's omahasteaks.com promo code beef for $35 off at checkout.
条款适用。
Terms apply.
详情请见网站。
See site for details.
你知道什么最拖慢团队进度吗？
You know what slows teams down more than anything?
其实不一定是人员预算或者工具本身的问题。
It's not always the headcount budget or even the tools themselves.
真正的问题是，工作流程只存在于某个人脑子里，从来没有被记录下来。
It's when the way work gets done lives in someone's head and never actually gets documented.
然后新人加入、新平台上线，或者有同事离开，突然每个人做同一个流程的方法都不一样了。
Then someone new joins, a new platform gets rolled out, or a teammate leaves, and suddenly everybody's doing the same process in a different way.
这正是今天的赞助商Scribe要解决的问题。
That's exactly the problem today's sponsor, Scribe, was built to solve.
Scribe是一个工作流AI平台，财富500强中有94%的公司都在使用它。
Scribe is a workflow AI platform trusted by 94% of the Fortune 500.
它能在工作流程进行时自动捕捉，并生成一步步的文档，方便团队查看和分享。
It captures workflows as they happen and turns them into step by step documentation your team can review and share.
你只需要像平常一样操作，Scribe会边做边生成指南，自动记录每一次点击、每一步操作和每个截图。
You just do the process like you normally would, and Scribe builds the guide as you go, capturing every click, step, and screenshot automatically.
因为我们的团队是远程办公，我确实遇到过好几次需要向同事重复解释同一个设置或流程的情况，每次都觉得这种事情第一次就该记录下来。
With our team being remote, I have definitely had moments where I've had to explain the same setup or process more than once to a colleague, and it always feels like something that should have been documented the first time.
有了Scribe，原本可能需要花几个小时来写和整理的内容，不到一分钟就能准备好分享。
With Scribe, what could take hours of writing and cleanup can be ready to share in under a minute.
Scribe还会自动从截图中隐去敏感信息，比如姓名、邮箱和账号。
Scribe also automatically redacts sensitive information like names, emails, and account numbers from screenshots.
管理员可以在整个团队中强制执行这一功能，确保没有任何遗漏。
Admins can enforce that across the team so nothing slips through the cracks.
此外，任何按照流程操作的人都能获得实时的屏幕指导，准确显示在实际工具中应该点击哪里。
Plus, anyone following the process can get real time on screen guidance showing exactly where to click inside the actual tool.
Scribe不仅仅记录工作流程。
Scribe doesn't just document workflows.
它还利用人工智能来建议改进方法，帮助你发现冗余步骤，并找到简化或自动化的机会。
It uses AI to suggest ways to improve them, helping you spot redundant steps and opportunities to simplify or automate.
想看看Scribe能为你的组织带来什么，请访问scribe.how/crypto101，并提及crypto101，即可在特定套餐上免费使用第一个月的Scribe Capture。
To see what Scribe could look like for your org, head to scribe.how/crypto101 and mention crypto101 for your first month of scribe capture free on select plans.
网址是scribe，scribe.how/crypto10one。
That's scribe, scribe,.how/crypto10one.
对。
Yeah.
我是说，现在到处都在飙升。
I mean, well, you're seeing surges everywhere.
对吧？
Right?
我想在这里强调的重点是，价格走势正在飙升。
And I think that's the point that I wanna hammer home here is that you're seeing a surge in price action.
被清算的空头头寸也在激增。
You're seeing a surge in shorts that are being liquidated.
ETF的资金流入也在激增。
You're seeing a surge in ETF flows.
正如我们大约两周前报道的，对冲基金在CME上转为净多头，这也出现了激增。
You're seeing a surge as we covered about two or so weeks ago in hedge funds going net long on CME.
期权方面也出现了激增。
You're seeing a surge here in options as well.
所以现在看加密货币市场，很难说有什么不在涨。
So it's hard to view the crypto market here and try to say what is not surging.
对吧？
Right?
现在很难找到一个不在涨的领域。
It's hard to find an area that is not surging at the moment.
而这只是又一个例子。
And this is just another example of that.
所以这很好地说明了这一点。
So this highlights it really well.
最大的比特币ETF，也就是贝莱德的iBit，其看涨期权在上周三飙升至158万份合约。
Call options on the largest Bitcoin ETF out there, the iBit one from BlackRock, surged to 1,580,000 contracts on Wednesday, last Wednesday.
对吧？
Right?
这是我们有史以来最大的单日成交量纪录，没有之一。
This is the largest daily volume record that we have, period.
这是我们记录到的最大单日成交量，真是令人惊叹。
This is the largest daily volume that we have on record from this, and it's a wild thing to see.
现在，我想再次强调的一点是，我们确实看到所有东西都在飙升。
Now one of the things that I would just, again, highlight this is, a, again, we're seeing everything surge.
我们正在打破纪录。
We're breaking records.
我们看到的是几个月来、这个周期里，或者自上次熊市以来的最高水平。
We're seeing the highest stuff that we've seen in either multiple months or in this cycle or since the last bear market or something like this.
这是我们有史以来见过的最高水平。
It's the highest that we've seen, period.
但我认为，由此引申出的另一点是，这些正是你在市场反转事件中会看到的数据点。
But I think the other thing that that kind of stems out of this is that these are the kind of data points that you would expect to see at a market reversing event.
那么，市场反转是否真的已经确定了呢？
Now is the market reversal aft absolutely in?
你知道，这显然可以从两方面得到一些迹象。
You know, it's obviously something that you can get an indication of either way.
总是有可能不是这样的。
There's there's always the chance that it's not.
对吧？
Right?
但我要说的是，如果我在寻找市场反转的迹象，这正是我想看到的，也是我预期会看到的。
But what I will say is that if I was looking for a market reversal, this is the kind of stuff that I would want to see, and this is the kind of stuff that I would expect to see.
所以随着更多数据的公布，我们显然需要继续观察。
So we'll have to continue to watch here, obviously, as more data comes out.
但我要说，如果我在寻找反转信号，这就是我预期会看到的东西。
But I will say, if I was looking for a reversal, this is the stuff that I would expect to see.
对吧？
Right?
突破关键阻力位，测试之前的高点，ETF资金流入创下多月新高，期权和看涨期权的成交量达到历史最高水平。
Breakthroughs of critical resistance levels, testing those prior highs, you know, multi month highs on ETF flows, the highest level that we've ever seen of of options and and call volumes.
这样的例子还有很多。
The list goes on.
对吧？
Right?
所以我喜欢这个。
So I like this.
我觉得，如果你在找证据证明空头要么在崩溃，要么肯定在走弱，我认为这一切都支持这个论点。
I think that if you're looking for evidence that the bears are are either crippling or, you know, just definitely on the the weakening side of things, I think that this all really feeds into that argument.
所以，是的，我的意思是，在各个方面，我们都在加密货币领域达到了一些重大的里程碑，而且不仅仅是技术面在突破。
So, yeah, I mean, across the board here, we're we're hitting some big, big milestones for the crypto space, and it's not just the technicals breaking out.
而且，再说一次，这里的重点是你看到各种东西在飙升，无论是CME上净做多的对冲基金，还是ETF资金流入，还是期权，还是价格走势，不管是什么，一切都在飙升。
And that's, again, the big point here is that you're seeing stuff surge, whether it's hedge funds that are net long on CME, whether it's ETF inflows, whether it's options, whether it's price action, you know, whatever this may be, everything's surging here.
而且，再说一次，这是你想看到的。
And, again, that's that's something that you'd wanna see.
不仅仅是加密货币领域的某一个方面。
It's not just one area of this of the crypto space.
不仅仅是某一个板块。
It's not just one sector.
不只是某一个图表。
It's not just one chart.
不只是比特币。
It's not just Bitcoin.
再说一次，是的，如果你是长期看好加密货币的人，这真的是非常好的消息。
And again, yeah, really, really good stuff here if if you're a crypto guy for the long term.
对。
Yeah.
一旦你有了这种势头，就像你说的，一切都在飙升，这时候你希望自己已经做了研究，并且你知道，在市场里分配好了你想待的位置，决定了你想参与哪些基本面叙事。
It's it's once you get that momentum and like you're saying everything is surging, it's the time where hopefully you put in your research and and you, you know, allocated where you want to be in the market and decided what fundamental narratives you want to be a part of.
但这是一个非常激动人心的时刻，当价格走势开始动起来，而你能利用一个新工具来了解每周价格走势的情况，这个工具就是你、布莱斯和我们团队都在用的。
But this is a very exciting time when price action does start to get moving and a way that you can, you know, leverage your a new tool to gather the knowledge of what's happening kind of week in and week out of the price action is a tool that you use and Bryce uses and our team uses.
它叫做 All Coin Alert。
It's called All Coin Alert.
如果你感兴趣，你是一个更偏向行动派的交易者，想要每天每周都更深入地参与其中，看到价格走势，甚至可能在大规模变动发生之前就知道哪些可能是好机会。
And if you're interested, you're somebody that's more of an action trader and you want to be in the mix every day and every week at a higher capacity to see the price action and maybe even know what might be some good moves for you to make before they happen at a larger scale.
你可以去看看 All Coin Alert。
You might want to check out All Coin Alert.
他们有个完全免费的线上研讨会，你可以去了解一下。
Price is doing a webinar on it completely free to check out and learn more.
所以如果你是想在加密货币市场里更上一层楼，想用上市场上最好的工具，那就点下面的链接吧。
So check out that link below if you're somebody that that is looking to get reengaged in the Crypto markets at a higher level and get some of the best tools in the marketplace to do so.
点下面的链接。
Check out that link below.
Bryce 会教你所有关于 All Coin Alert 的内容，完全免费的线上研讨会。
Bryce is going to teach you all about All Coil Alert, completely free webinar.
去看看吧。
Check it out.
我记得是这周四，所以你可别错过了。
I believe it's this week on Thursday, so you're not going to want to miss that.
但如果你是因为标题点进来的，还留在这里，那我要告诉你，在这轮比特币牛市中赚钱的第一条规则，其实是有秘诀的。
But if you clicked on the thumbnail and you're still here from the title, the number one rule to profit in this Bitcoin bull run, there is a secret to it.
这个秘密我们现在就揭晓。
And that secret we're gonna reveal right now.
如果你这些年一直在听我们的节目，你应该听过我们聊过这个，它叫“十大最佳日”。
If you've listened to the show over the years, you've heard us talk about this and it's called The Ten Best Days.
布伦丹，你对十大最佳日肯定很熟悉。
Brendan, know you know the ten best days very well.
简单来说，这个理论主要针对比特币。
And the summary of it is basically, specifically for Bitcoin.
这也是我们“HODL”这个词的由来。
And that's where we come up with the term hodl.
HODL的意思就是，你要拿住，因为比特币不适合频繁进出交易，问题在于如果你错过了那十个最佳日，有时候比特币甚至可能让你亏钱。
Hodl is, you know, you want to hold on because with Bitcoin, you don't want to trade in and out because the problem is if you miss the ten best days, sometimes Bitcoin can even be a losing proposition if you miss the ten best days.
所以从2014年以来的数据显示，十大最佳日的平均涨幅是162%。
So the stats here since 2014, the average of the ten best days is 162.
如果你错过了这十个最佳日，你的回报率会是负14%。
If you miss the ten best days, your return would be minus 14%.
所以如果你把剩下的三百五十五天都算上，错过了那十个最好的日子，你的收益就是负百分之十四。
So if you took the remaining three fifty five days missed the ten best days, you're sitting at the minus 14 there.
所以布伦丹，这只是一个提醒，就是在这样的环境下，你知道，我们在这里，我们每周至少做一期，有时候两期的《行情综述》，再加上我们的访谈。
So Brendan, it's just a reminder, it's this type of environment where, you know, we were here, we were doing, you know, at least one, if not two episodes a week of the rundown plus our interviews.
我们经历了整个熊市，你知道，我们一直在做研究，并且把资金配置到我们认为牛市回归时该去的地方，因为我们团队显然都是信徒，而且我们说过，对我来说，就是定期买入以太坊和比特币，整个夏天都忘了这回事。
We've been here through the entire bear market and, you know, we've been doing our research and and allocating to where we think we wanna be for when the bull run comes back because we obviously are all believers on this team and we've talked about for me, it was the reoccurring buys on Ethereum and Bitcoin, just forgetting about it all summer.
对你来说，你更偏技术派，所以你是在看图表，从策略上判断什么时候该进场、该出手。
For you, you're more technical, so you're kind of reading the charts and seeing, you know, strategy wise when it's time to get in and pounce.
但不管你的策略是什么，至少对比特币来说，这是一个非常好的经验法则。虽然我们不能给任何人提供个人财务建议，但我知道即使是你这样喜欢研究图表的老练交易者，通常也会留有一部分比特币，是绝对不会动的。
But no matter what your strategy is, at least for Bitcoin, this is is a is a really good rule of thumb and while we can't give personal financial advice to to anybody, I know even you as a seasoned trader who loves to get in the charts, usually has always has a stack of Bitcoin that you just don't touch.
所以，
And so
我觉得在波动的时候，我们在下跌途中会提醒这一点，但在上涨途中也要提醒自己。
I think once the volatile we we kinda remind this on the way down, but you wanna remind this on the way up as well.
比如，别以为你……你知道，如果你有自己的策略，那很好。
Like, don't don't think you're gonna you know, again, if you have strategies that you wanna do, great.
但我觉得对于普通投资者来说，这尤其是个好时机提醒他们：嘿，别以为你能在这里卖掉，然后低位买回来，再高抛低吸，诸如此类的，还有手续费和税呢。
But I think for the average investor, it's it's especially a good time to remind them like, hey, don't think you're gonna sell out here and then buy back lower and then trade it higher and this and that and you know, the fees and the taxes.
这真的很难玩。
It's it's it's a tough game.
你得是真正的专业人士才能做到。
You gotta be a true professional to do that.
而且我知道我们认识一些这样的人。
And and I know we know some of those.
我觉得你自己就是个真正的专业人士，但我想强调那十个最好的日子，这正是我们现在在做的。
I think you're a true professional yourself, but I wanna hammer home the ten best days, which is what we're doing.
那你怎么看？
So any any thoughts on this?
没有。
No.
我正想说，你说得对。
I was gonna say, you're, you know, you're right.
我手头也有不少比特币，就那么放着不动。
I I have my fair share of Bitcoin that just sits there idle.
对吧？
Right?
我从来不碰它。
I don't touch it.
它就搁在那儿。
It sits there.
这是长期持有的。
It's long term.
我不会拿它去交易。
I don't trade with it.
那就像是一个独立的投资组合。
That's, like, in its own portfolio.
而且我特别相信这一点，你知道，我本身也是个喜欢交易的人。
And I'm a big believer of that, you know, someone who who does love to trade.
对吧？
Right?
但是，你知道，这张图本身就说明了一切。
But, you know, this chart speaks for itself.
对吧？
Right?
如果你错过了那10个最好的日子，那可能会非常惨。
If you miss those 10 best days, it can be crippling.
很多时候，你会发现这十个最好的日子往往出现在市场反转的时候。
A lot of the time, you see these ten best days happen around the time of the reversal.
我知道我们之前见过那些大的反转K线。
I know we've seen some of those big reversal candles before.
我记得2018年崩盘以及之后的那几次。
I remember the ones from, like, the 2018 crash and after that.
然后2022年崩盘之后，也有那些大幅上涨。
And then after the 2022 crash, you had these massive updates.
所以，是的。
So yeah.
对。
Yeah.
说得真好，Tevo。
Really good points, Tevo.
太棒了。
Awesome.
还有最后一件事。
And one final thing.
你知道我是个喜欢玩梗的人。
You know I'm a meme guy.
我把这个叫做“拉撒路计划”。
I titled this the Lazarus Project.
这个周末我在飞机上看了《星际穿越》。
I was watching Interstellar on a flight this weekend.
拉撒路计划就是唤醒那些把自己冷冻休眠的宇航员。
The Lazarus Project is the raising the astronauts that put themselves to sleep.
他们从沉睡中被唤醒，这基本上就是让他们死而复生，而比特币在2026年又挺过了一次葬礼，把它刻在墓碑上，拉撒路计划随着比特币飙升而不断重生。
They they get raised from their sleep, which is basically raising them from the dead and Bitcoin survives another funeral 2026, put it on the tombstone, the Lazarus project keeps coming back as Bitcoin soars higher.
但飙升的不止它一个，以太坊也不甘落后。
But not the only one soaring higher, not to be done by Ethereum.
而且显然，你知道，汤姆·李，我们节目的老朋友。
And and obviously, you know, Tom Lee, friend of the show.
我们在下跌过程中也报道过。
We've covered it on the way down.
绝对的钻石手，一直买，一直质押，还有挖矿，显然，现在看起来很不错。
Absolute diamond hands just kept buying, kept staking, and bit mine, obviously, you know, looking looking good right now.
看起来势头正劲。
Looking like it has some momentum.
他们发布了关于以太坊的这个数据，我觉得挺有意思的。
And they put out this stat on Ethereum that I thought was interesting.
所以以太坊这周涨了30%。
So ETH gained 30% this past week.
这是自2025年5月以来最大的单周涨幅。
That's the largest weekly gain since May 2025.
然后2021年7月还有一次。
And then there was another one in July '21.
在这两次先例中，这种30%以上的周涨幅标志着以太坊更大行情的起点。
In those two precedent instances, this weekly gain of 30 plus signaled a launch point for a larger move in ETH.
2021年，以太坊随后涨了167%，而在2025年5月之后，它涨了170%。
In 2021, ETH subsequently gained a 167% and after May '25, it gained a 170%.
所以再说一次，这是研究的一部分。
So again, this is part of the research.
这绝不是保证，但历史并不总是重演。
This is not a guarantee by any means, but sometimes history doesn't always repeat.
有时候只是押韵。
Sometimes it rhymes.
我们得看看情况，但再说一次，比特币不是唯一在涨的。
We'll have to see, but again, Bitcoin isn't the only one that's moving.
以太坊，你甚至可以说上周的势头可能还更猛一些，涨了30%。
Ethereum, you could even say maybe even had a little bit more momentum last week being up 30%.
那你有没有在关注以太坊？
So are are you keeping an eye on Eth?
我知道你和我都是大牛市，我们一直在说，我总是在节目里讲，我特别喜欢Tom Lee在比特币五千美元时谈论它的那段视频，他在直播中被嘲笑得下不来台。
I know you're me and you huge bulls, know, we've been kind of I I have always said on the show is like, hey, I I love the clip of Tom Lee talking about Bitcoin at five k and he got laughed out of the room on live on air.
你知道，他一直非常非常看好，而且真的是全力押注以太坊。
You know, he's been he's been very very bullish and just all in really on Ethereum.
所以，你知道，我觉得这是值得关注的事情。
And so, you know, I I think it's something to pay attention to.
对。
Yeah.
百分之百。
A 100%.
我觉得你现在真的得关注一下ETH。
I think you have to be paying attention to ETH here.
我非常看好它。
Huge fan of it.
对吧？
Right?
我自己会交易它，也会长期持有它。
I trade it and I own it for my long term.
所以，你知道，完全公开。
So, you know, full disclosure.
但是，是的，我的意思是，现在你怎么能不喜欢ETH呢？
But, yeah, I mean, how can you not like ETH here?
那边有太多事情在发生了。
There's so much going on over there.
是的。
Yeah.
而且我觉得这个话题至少在未来几个月里会持续被讨论。
And I think it's gonna be a continuing talking point here for the next, at least, the next couple months.
理想情况下，未来几年都会是这样。
Ideally, the next couple of years.
对吧？
Right?
我觉得它会一直是这个领域的重要角色。
I think it's just gonna remain as a big player in the picture.
它已经这样很久了。
It has been for a long time.
我看不到它会消失的迹象。
I don't see it going anywhere.
你懂吧？
You know?
我不是那种极端主义者。
I'm not a maxi.
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对吧？
Right?
我喜欢比特币。
I like Bitcoin.
我也喜欢以太坊。
I like ETH.
当然。
For sure.
我也喜欢很多山寨币。
I like a lot of altcoins too.
你知道吗？
You know?
我们不是那种极端主义者，但我确实认为以太坊是未来的重要部分。
We're not maxis over here, but I do think ETH is a big part of the future.
是的。
Yeah.
我喜欢的观点是，你知道，一切，尤其是加密货币在自身熊市里，而AI交易却一路飙升，这个观点就是，嘿，加密货币是AI的下游。
And the the thesis that I like is, you know, everything, you know, especially crypto being in its own bear market while we watch the AI trade rocket was the thesis is that, hey, crypto is downstream of AI.
而且我认为，你知道，对于那些坚信以太坊的大多头来说，他们相信以太坊能够并且将会成为AI世界中金融体系的重要组成部分。
And and I think, you know, Ethereum for the big bulls that believe in it, believe that, you know, Ethereum is can and will be a huge part of the financial system in the AI world.
所以我听到这个观点，真的很喜欢，就是，你开始觉得，我们需要开始把银行看作软件公司。
And so I heard this and I really like it is like, you're starting to think of like, we needed to start thinking of banks as software companies.
就像，随着一切都在线上化，未来我们在银行业务中会如何互动？
Like how are we going to be interacting in the future in our banking world as everything moves online?
你知道，传统上五十年前，银行真的是你必须去的地方，我们要去银行，我们在银行存钱，我们在银行取钱，我们在银行有保险箱。
You know, traditionally fifty years ago, a bank truly was you had to go, we're going to the bank, we're depositing money at the bank, we're withdrawing money at the bank, we have our safety deposit box at the bank.
那是一个实体场所，现在，你知道，慢慢来，但现在突然之间，一切都变得超快，一切都在线上。
It was a physical place and now, you know, slowly, but now all of a sudden super fast, everything's going online.
那么这些银行会变成什么样呢？
And so what are these banks going to be?
他们基本上必须把自己重塑为软件公司，谁在这场竞赛中获胜，谁就会成为老大。
They're they're gotta basically reinvent themselves as software companies and whoever wins that race will be the top dog.
所以，也许会有一次权力更迭。
And so, know, maybe there could be a changing of the guard.
这有点像你在金融领域看到的Robinhood，一开始人们觉得它像赌场里的赌博，你当然可以这么说，但现在看看它。
That's kind of what you see maybe at least with Robinhood in the financial space of kind of, you know, being being some something that, you know, people thought was gambling in a casino and you know, you can make that argument for sure, but now look at it.
它现在有财富顾问、401k、IRA，还有银行和信用卡业务，看着它发展真的很有意思。
It has, know, wealth advisors and four zero one ks's and IRA's and now the banking and credit cards, it's it's really interesting to keep watching.
还有另一个，Webull，一个比较年轻、比较新的投资平台。
And another one, Weebill, kind of a younger, newer for people to use for investing.
他们的CEO上了电视，我觉得这话题挺有意思的。
So they had their CEO TV and and I thought this was an interesting talking point.
我们来听听Webull CEO怎么说，然后分析一下背后的情况。
So we'll listen to the Webull CEO and and break it down the back end.
在加密货币方面，SEC提出了新规则。
In terms of Crypto, you've got the SEC proposing new rules.
《未来清晰法案》的前景仍然悬而未决。
The future of clarity act kind of remains in the balance.
对于这一切，你是怎么考虑的，特别是对你的平台和客户来说？
How are you thinking through all of this, as it pertains to just your platform and your customers?
Webull上的普通客户大约34岁。
So the average customer on Webull is about 34 years old.
所以在大多数客户看来，加密货币和买一股苹果股票没什么区别。
So crypto is no different in in most of our clients' minds from buying a share of Apple.
对吧？
Right?
非常相似。
It's very similar.
它是一种资产类别。
It's an asset class.
他们把它看作类似于持有股票。
They look at it as similar to owning an equity.
所以，移除或者，抱歉。
So the removal of or excuse me.
不是说回到PDT，而是围绕加密货币的更广泛监管的采纳，正在带来很多积极的势头。
Not not going back to PDT, but the, the adoption of broader regulation around crypto is putting a lot of positive momentum.
大约两周前，我们还看到了国债购买操作的增加。
We also saw the increased, purchase operations with treasuries about two weeks ago.
这确实引发了比特币的一波不错的上涨。
That really sparked a nice rally in Bitcoin.
在过去一周半的时间里，我们看到大型加密货币（比特币和以太坊）的买单量增加了近300%。
And we're seeing over the past week and a half, we're seeing almost a 300% increase in buy side orders for the big cryptos, Bitcoin and ETH.
增加了300%。
300% increase.
这正好证实了数据显示人们开始追涨。
It just confirms the data showing people are starting to chase.
这是一个老生常谈的故事，布伦丹，不管是加密货币、AI、石油股还是航空公司，任何东西一旦开始上涨，当你看到一周内涨了10%、20%、30%的时候，情况就是这样。
This is a tale as old as time and it doesn't matter, Brendan, whether it's Crypto or AI or oil stocks or airline side, anything that starts to run when you see that ten, twenty, 30% in a week.
我的意思是，这再次说明，人们的平均收益，这比一年的平均收益还要多。
I mean, that again, the people, the average gains for that's more than average gains for a year.
如果你时机把握得好，一周就能赚到。
You can get in a week if you time it right.
要精准抄底可不容易，这点我们都清楚。
It's not easy to time and bottom tick, we all know that.
但不管怎样，当你看到那样的价格走势，每个人在屏幕上看到后都会想，我必须参与进去。
But nonetheless, when you see the price action on that, everybody just sees it on their screens and they're like, I gotta be in this.
我必须参与进去。
I gotta be in this.
所以，我们开始看到这种追涨的现象。
And so it's the we're starting to see the chasing.
你调出了这些数据。
You you pulled up this data here.
所以，你知道，我知道这和那有关。
So, you know, I know it goes with that.
这就是我把它放在视频里的原因。
That's why I placed it on the video.
那你给我们详细讲讲吧。
So break it down for us.
对，没错。
Yeah, exactly.
我觉得现在大家开始有点追高了。
Like, I think people are starting to chase a little bit here.
我们看到的是全面的复苏。
And what we're seeing is kind of the recovery across the board.
我觉得，不仅加密货币因为表现不佳而被低估了，而且我认为甚至与加密相关的项目或公司等等也是如此。
I do think, like, a lot of not only have cryptocurrency has been discounted, right, because of the underperformance, but I think even crypto related projects or companies or whatever.
对吧？
Right?
所有与加密领域相关的东西，都因为那些负面消息和我们看到的恐慌情绪而被严重低估了。
All anything related to the crypto space has been very heavily discounted because of a lot of the bad news in the FUD that we've seen.
对吧？
Right?
那种恐惧、不确定和怀疑，加上《清晰法案》没通过、被推迟了。
That fear, that uncertainty, that doubt, the Clarity Act's not getting passed, that's getting pushed back.
加密货币的交易量下降了。
Crypto volumes have fallen.
加密货币的活动减少了。
Crypto activity has fallen.
很多相关的活动都在走下坡路。
A lot of crypto related activities were on the decline.
还有那些大规模的清算。
There's these big liquidation.
真是一波接一波。
It was just one thing after another.
现在你看到的正好相反。
And now what you're seeing is the opposite of that.
对吧？
Right?
交易量正在回升。
Volumes are coming back.
活跃度也在回升。
Activity is coming back.
我们在打破纪录，看到大量资金流入。
We're breaking records, seeing big inflows.
他们刚才在那边和Webull聊过，增长了300%。
They just talked about it over there with Webull, three a 300% increase.
所以我觉得很多人看到这个，而且他们一直是这样。
So I think a lot of people look at this, and they have been.
我想说，普通人和机构一直在把这种情况计入预期，你知道，我们只是偶尔会有一些短期的上涨。
I would say the average person or institution has been pricing in the idea that that will continue and that, you know, there's just these short little stints to the upside that we get.
我觉得如果我们能继续稳住，甚至进一步上涨，人们就必须开始把那些增长——比如交易量、指标、数据——都计入预期，而且必须以某种方式计入。
I think if we continue to hold and even move further to the upside, I think people have to start pricing in the fact that there is a lot of of increase in terms of, again, you know, volumes, metrics, data, and you have to start pricing that in somehow.
而且我仍然认为，目前还没有完全计入。
And I still don't think that it fully is.
我们这里看到了不错的反弹，但我觉得如果你要把这个重新计入价格，那你得看看，比如拿Coinbase或Robinhood来说。
We've seen a nice bounce here, but I think that if you are going to start pricing that back in, then what you have to look at is let's use Coinbase, for example, or Robinhood.
对吧？
Right?
它们是加密货币领域的强力支持者，这也是我们喜欢它们的原因。
Big supporters of the crypto space, which is why we love them.
我们播客请过它们两家，还有其他几家。
We've had both of them on the podcast and a handful of others too.
但你知道，基本上，它们扩展了很多。
But, you know, basically, like, they've expanded a lot.
如果你要说，哦，我们只需要和上个周期相比。
If you're gonna say, oh, well, we just have to compare to the where they were last cycle.
那就不对了。
It's like, no.
看看它们从那以后增加了多少。
Look at how much they've added since then.
对吧？
Right?
不仅是新项目，还有新功能，以及很多其他东西。
Not only new projects, but new features, and a whole lot of other things.
所以我觉得你得开始以某种方式把这个因素考虑进去。
And so I think that you have to start pricing that in somehow.
而且我觉得，再说一次，普通人对加密货币领域增长了多少并没有准备好。
And I think that the average person, again, just is not prepared for how much the crypto space has grown.
我想很多人只是根据几年前看到的情况来定价或评估，但我认为这不是正确的方法。
And I would say a lot of people are just looking to price it or base base it off of what they saw a couple of years ago, and I just don't think it's the correct way to go about it.
所以，是的，你知道，我很想看看，我不想让我们太深入传统金融的东西，但我真的很想看看这些公司接下来会发生什么，以及他们下个季度的财报电话会议会是什么样子。
So, yeah, you know, I would be interested to see, and I don't wanna tie us too deep into the traditional financial stuff, but I would be really interested to see what's gonna happen with some of these companies and what their earnings calls are going to look like next quarter.
对吧？
Right?
我们来看看比特币和一些每天都在买入的国债公司。
Let's look at Bitcoin and some of these treasury companies that have been buying every single day.
对吧？
Right?
我们之前聊过比特币和微策略，或者说，抱歉，是策略公司。
We talked about Bitcoin versus micro or excuse me, just strategy.
对吧？
Right?
比特币每天都在买入。
Bitcoin been buying every day.
但策略公司那边没看到这种情况。
You haven't seen that from strategy.
所以我很好奇，比特币的下一次财报会是什么样，因为他们几乎每天都在现货市场逢低买入。
So I'd be curious to see what is Bitcoin's next earnings call gonna look like because they've been buying this dip just about every single day in the spare market.
Coinbase的财报又会是什么样呢？
What's it gonna look like for Coinbase?
你知道，他们是不是看到了300%的增长？
You know, are they seeing a 300% increase?
因为如果是这样的话，那可就厉害了。
Because if so, that's a big deal.
那Robinhood和他们庞大的加密货币业务会是什么情况呢？
What's it gonna look like for Robinhood and their, you know, huge crypto sector?
甚至一些银行，或者说像SoFi这样的新型银行，也有加密货币相关的交易。
Even some of these banks like or neobanks like SoFi, they have crypto related trading.
我觉得普通人可能根本还没想到这一点。
I think that the average person probably just is isn't even thinking about that yet.
如果这些数据出来的时候我们才意识到这一点，那可真是一记警钟，不过现在我们还不知道具体情况。
And if we get that kind of wake up call when that information does come out, which, again, we just don't know right now.
我们只是猜测数据会更高。
We're assuming it's gonna be higher.
但我觉得，如果我们真的看到这样的警钟，你会说，哇，银行加密货币交易量增长了100%或200%。
But I think that if we get that wake up call and you're saying, oh, the banks are seeing a 100% or 200% increase in crypto trading.
交易所的加密货币相关活动增长了100%到200%，甚至300%。
The exchanges are seeing a 100 to 200 to 300% increase in crypto related activity.
你知道，就是其他那些东西。
You know, these other things.
对吧？
Right?
各种DeFi活动，都在增长。
Different DeFi activity, that's all increasing.
那我觉得这就像给火添了很多柴，而这些信息我们还没有完全掌握，但我们是在根据类似这样的东西来推测。
Then I think that there is just a lot of fuel for the fire, And that fuels information that we don't fully have yet, but we're speculating based off of some of the stuff like this.
所以，总之，回答你的问题绕了一大圈，Tevo。
So, anyway, long way to answer the question, Tevo.
但你应该能看出来，我很兴奋。
But if you can't tell, I'm excited.
我觉得还有很多其他的事情和催化剂，可以继续推动这个势头。
I think that there are plenty of other things and catalysts out there that could continue to fuel this.
但这并不意味着我认为我们会像过去一周左右那样直线上升。
Now it doesn't mean that I think we're gonna go up in a straight line like we have the last week or so.
我们会回调的。
We're gonna pull back.
我们会横盘整理。
We're gonna consolidate.
这种事情迟早会发生。
Stuff like that's gonna happen at some point.
你知道，不管是今天、明天、一个月后，都没关系。
You know, whether it's today, tomorrow, a month, doesn't matter.
但是，你知道，总有一天我们会经历这些。
But, you know, at some point, we're gonna do that.
我的立场是，各位，我对这个很乐观。
My stance is is, guys, I'm optimistic about this.
我很兴奋。
I'm excited.
我也很兴奋。
I'm excited too.
所以我觉得如果这个能保持住，甚至继续上涨，那还有很多其他因素需要考虑。
So I think if this maintains or even keeps going, there's a lot of other things to really factor in.
所以我们走着瞧吧。
So we'll see.
对吧？
Right?
希望如此。
Fingers crossed.
但愿好运。
Knock on wood.
对。
Yeah.
而且，你知道，你得给Sailor点个赞。
And, you know, you gotta give Sailor his his shout out.
他正在施展他的金融魔法，而且他们已经重新盈利了。
He's doing his financial alchemy, and they're they're back in profits.
所以，你知道，当别人亏损的时候，大家都喜欢落井下石，也许这也没错，但你也得给他们一个更新，比如MicroStrategy现在又盈利了。
So, you know, everybody likes to throw stones when they're in the negative and maybe rightfully so, but you got to give them the update when, you know, MicroStrategy is back in profit.
而且我记得，我们之前在节目里也说过，我们不是他那样的金融炼金术士，但显然他报告说，截至昨天，他们的净杠杆率是0%，你知道，这到底意味着什么，谁也说不清，毕竟有那么多不同的优先股什么的。
And I think I saw, again, we've talked about on the show is, we're not the financial alchemist that he is, but apparently he's reporting that they're at 0% net leverage as of yesterday, which you know, who knows what that means with all those different preferred stocks and whatnot.
然后我觉得Bitmine还没盈利。
And then I believe Bitmine is not in profit yet.
我本来想找那个数据的。
I was trying to find that stat.
我没完全找到，但周末确实有一些大动作。
I couldn't quite find it, but definitely some big moves over the weekend.
所以我觉得，你知道，Tom Lee也在走向盈利，我们都希望这样，因为那意味着ETH要涨了。
So I think, you know, Tom Lee on his way to profitability, we all hope because that means ETH is going up.
最后说一下，我们从上个星期就没请过你了。
Just to finish this out, we haven't had you on since last week.
所以，你知道，我们和Brian聊过这个。
So, you know, we talked about it with Brian.
这次上涨的催化剂是什么？
What was the catalyst of this?
我们之前聊过创纪录的空头清算。
We talked about the record shorts liquidation.
但确实，你有没有什么想补充的，关于是什么导致了这一切？
But yeah, any, any points that you wanted to, lead us home with of what's causing all this?
你看到了什么，不管是基本面、价格走势，还是新闻动态？
What are you seeing of, whether it's the fundamentals, the price action, or the news flow?
我们可以用你的看法来收尾。
We can end it on, on your thoughts there.
对。
Yeah.
我觉得主要归结为四个催化剂。
I think it comes down to four primary catalysts.
再说一次，我们会很快过一遍，因为我觉得你说得对。
And again, you know, we'll go over this very quickly because I think you're right.
你知道，我们已经聊过这个了。
You know, we have covered this.
但我看到的四个催化剂，第一是上周的白宫加密峰会，这显示出政府对整个加密行业非常强有力的支持。
But the four catalysts that I've seen here is number one, you have that White House Crypto Summit that we had last week, and it signals some really strong government support for the whole crypto industry.
这是个积极的信号。
That's a positive sign.
从那次会议传出的消息，无论是来自政府、Coinbase还是Robinhood，很多机构在会后都发布了新闻稿，内容都非常正面。
The news that we got out of that from whether it was the government, whether it was from Coinbase, whether it was from Robinhood, a lot of them did press releases after this event, and it was really positive.
关于《清晰法案》也有积极的内容。
There was positive stuff about the Clarity Act.
关于未来的监管也有积极的信息，关于代币化也有积极的消息，关于整体基础设施同样有积极的内容。
There was positive information in regards to future regulation, positive stuff that came out for tokenization, positive stuff that came out for general infrastructure as well.
我甚至想说，还有关于比特币国库的积极消息。
One of the I would even say to the Bitcoin treasury.
对吧？
Right?
他们对增加比特币储备的想法持开放态度。
They were open to the idea about adding, increasing the Bitcoin reserve.
有很多好消息传出来。
There's a ton of good stuff that came out.
市场非常喜欢那次会议，我觉得结果真的很积极。
The markets loved that meeting, and I think the results were really positive.
另外，在过去的一两周里，我们看到财政部出来讲话，基本上就是说要回购一些长期债券，施加一些压力，投入一些资金。
The other thing that we saw, you know, in the last, what, week or two was some of the treasury coming out and talking about essentially, you know, buying back some of those long dated bonds and and applying some pressure there and applying some money.
市场对此非常非常喜欢。
And the market's really, really like that.
我觉得这次的大事就是财政部出来说，嘿。
I think that that was a big deal here was the treasury coming out and saying that, hey.
我们要把某些长期国债的回购规模翻倍。
We're gonna be doubling the size of certain buybacks of some of these long dated treasuries.
市场对此非常非常喜欢。
The market really, really like that.
加密货币领域确实如此，我觉得这又是一个大事件。
The crypto space did, and I think that that was a whole another big one.
另一个点跟这两点都有点关系，主要是第一点，就是Clarity法案似乎受到了越来越多的关注，整个加密货币领域也是如此。
The other one here kinda ties into both of these points, mainly the first point, but it was just this idea of the Clariat seems to be getting a big increase in attention, and and so does crypto as as a whole.
你知道吗？
You know?
在这之前，我觉得政府优先处理的是其他事情，比如贸易战、地缘政治紧张局势，还有中东那边发生的事情。
Prior to this, there was different things that I think the government was prioritizing right, whether it was trade war stuff, whether it was geopolitical tensions and the stuff that's happening in The Middle East.
所有这些事情都在发生，加密货币感觉被搁置了。
And there's all these stuff hap all this stuff happening, and crypto kinda felt like it got pushed to the back burner.
现在感觉政府真的有意再次开始关注、支持和改善加密货币市场。
Now it feels like there's a lot of intentionality to really start targeting and helping and improving the crypto market again.
而且，你知道，上次会议我们得到的一个消息是，我记得好像是Coinbase的CEO Brian Armstrong说的，他相当确定Clarity法案能在年底前通过。
And with that, you know, one of the things that we got out of the last meeting was it was either I I think it was either coin I think it was Coinbase's CEO, Brian Armstrong, saying that he is pretty certain that the Clarity Act can get passed before the year's end.
他说双方已经达成了大约90%的共识，还有大约10%的不确定性。
And he said both sides have about 90% of what they want, and there's about 10% of uncertainty.
但他提到的一点是，双方很少能各自得到90%想要的。
But one of the things he said is that you rarely get both sides getting 90% of what they want.
所以他很有信心能拿到所需的60票，就是那60票，对。
So he's confident that they can get the 60 required votes that they needed or the the 60 yeah.
我觉得大概需要60票才能通过这个法案。
I think it's, like, about 60 votes that they need to get this thing passed.
所以他说，我们对此相当乐观。
So he's like, we're pretty optimistic on this.
看起来大家想要的大部分东西都有了。
Everyone seems to have most of the stuff that they want.
我不会排除这个可能性。
I wouldn't count this thing out.
所以当你看到对加密货币领域的关注度提高，以及推动它发展的努力增加时。
So when you see an improve or an increased attention and just an increased effort to really push the crypto space forward.
然后你又听到这样的消息。
And then you hear stuff like that.
就是，好吧。
It's like, okay.
嗯，希望有点回来了，然后他们看到了一些之前讨论和提到的事情。
Well, hope's coming back here a little bit, and then they're seeing some of the other stuff that's been talked about and alluded to.
最后一点是，你知道，所有这些之后，价格大幅上涨。
And then the final thing here is following, you know, all of this, you have a big increase in price.
随之而来的是，发生了一次巨大的清算事件，真的是非常非常大的清算事件。
And with that, you had this gigantic liquidation event, like a really, really big liquidation event.
所以这是，你知道，过去一年里我们见过的最大清算事件之一。
And so this was, you know, one of the largest liquidation events that we have seen in the last year.
我相信这是自去年十月十日崩盘以来我们见过的最大清算事件，但这次唯一不同的是，被清算的不是多头，而是空头。
I believe it was the largest liquidation event that we've seen since the October tenth crash of last year, except the only difference this time around is that instead of longs getting liquidated, it was shorts.
我看到好像是记录上第七大的清算事件。
I saw something like it was the seventh largest liquidation event on record.
而这次，被摧毁的是空头。
Again, this time, the shorts are the ones getting destroyed.
所以空头遭受了大规模打击，这非常重要，因为你看到这些做空者一直在利用比特币每一次小幅上涨的机会。
So you had a massive destruction of the shorts, which is very important because you've seen these same short sellers taking every every little move up that Bitcoins had.
他们做空压低价格，获利了结，等价格反弹再继续做空，一次又一次，不断获利。
You had them shorting it down, taking profits, letting it bounce, shorting it again and again and again and continually making profits.
现在你看到的是，这些持续做空的人被彻底清算了。
Now what you saw was just a wipeout happen of these people who are continuing to short.
他们被清仓了。
They're wiped out.
他们的资金全没了，这确实是必须发生的事。
Their funds are gone, and that's something that really, really did need to happen.
所以，是的，这里有四个重要的催化剂可以推动行情。
So, yeah, four big catalysts here to ride off of.
肯定得密切关注，但都是积极的消息，Tevo。
Definitely gonna have to keep an eye on this, but all positive stuff, Tevo.
全是积极的消息。
All positive stuff.
过去这一周的价格走势全都是正面的。
It's all positive price action this last week.
所以更有理由去看看下面的链接，多参与进来，报名参加本周的All Coin Alert网络研讨会，也看看其他链接。
So all the more reason to check out the links below, get more involved, sign up for the All Coin Alert webinar this week, and also check out the other links.
你可以加入社区，获得更多与Bryce、Brendan以及整个团队的接触机会。
You can be inside the community, get more access to Bryce, Brendan, the whole entire team.
我们觉得这个秋天会非常有趣，我们会一起度过。
It'll be it's gonna be a fun, fun fall, we think, and we're gonna do it all together.
如果你是新来的，在右下角点击标志，订阅，给这个视频点个赞。
And if you're new here, bottom right, hit the logo, subscribe, give this video a like.
非常感谢大家周二收看，如果你在社区里，我们每天都会更新内容。
We really appreciate you guys tuning in here on Tuesday, and we'll be back with content every day if you're inside the community.
如果你只是在YouTube和播客上，继续关注Bryce和Brendan的更多精彩访谈，我们周五的总结见。
And if you're just on YouTube and the podcast, keep look out for some more great interviews from Bryce and Brendan, we'll and see you all in the rundown on Friday.
但今天就到这里。
But that's all for now.
大家再见。
Goodbye, everybody.
当别人只听到噪音时，TRO价格会解读市场信号，寻找投资机会。
When others hear noise, TRO price interprets market signals to find investment opportunities.
这就是TRO价格主动型ETF的力量。
That's the power of active ETFs from TRO price.
他们的投资组合经理从多个角度分析数据，研究趋势并进行深度调研，为你带来基于好奇心的主动管理专业能力。
Their portfolio managers approach data from multiple perspectives, analyzing trends and conducting deep research to give you their curiosity backed active management expertise.
了解更多关于他们的主动型ETF，请访问trowprice.com/explore ETFs。
Learn more about their active ETFs at trowprice.com slash explore ETFs.
交易所交易基金（ETF）是按市场价格买卖，而不是按净值。
Exchange traded funds, ETFs, are bought and sold at prices, not NAV.
投资者通常需要承担买卖价差成本。
Investors generally incur the cost of the spread between the prices at which shares are bought and sold.
买卖股票可能会产生经纪佣金，这会降低回报。
Buying and selling shares may result in brokerage commissions, which will reduce returns.
T.
T.
Rowe Price投资服务公司。
Rowe Price Investment Services Inc.
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