比特幣（BTC）投資者面臨重新壓力

內羅畢（Coinchapter.com） - 比特幣（BTC）投資者於4月11日面臨新的壓力，此前機構資金傾倒了將近1.5億美元的BTC與BTC交易所交易所資金（ETFS）。

Institutional funds sold a large amount of Bitcoin (BTC)-linked exchange-traded funds (ETFs) on Monday, triggering renewed pressure on the cryptocurrency. The move also prompted one crypto commentator to warn of a Bitcoin “bubble” about to burst.

機構基金在周一出售了大量與比特幣（BTC）連接的交易所交易資金（ETF），從而引發了加密貨幣的新壓力。此舉還促使一位加密評論員警告一個即將破裂的比特幣“泡沫”。

According to Jacob King, a well-known figure in the crypto sphere, several institutional funds pulled out of BTC ETFs in a 24-hour period, marking one of the fastest paces of ETF outflows seen so far this year.

雅各布·金（Jacob King）表示，在加密貨幣領域中著名的人物，幾項機構資金在24小時內從BTC ETF中退出，這標誌著今年迄今為止迄今為止看到的ETF流出最快的一步。

“Institutions are dumping BTC at record speed. The Bitcoin bubble is popping,” King stated in a post on X, formerly Twitter.

“機構正在以創紀錄的速度傾倒BTC。比特幣泡沫正在彈出，”金在X上的一篇文章中說。

His remarks come amidst a backdrop of fragile global market sentiment. Trade tensions remain elevated, and macro signals out of Washington are mixed.

他的言論是在脆弱的全球市場情緒背景中。貿易緊張局勢保持升高，華盛頓外的宏觀信號混合在一起。

As of Friday morning, Bitcoin was trading at $81,524, marking a nearly 10% decline from its April 2 local high, as per CoinMarketCap.

截至週五早上，比特幣的交易價格為81,524美元，根據CoinMarketCap的價格，比特幣的交易價格比4月2日的本地高點下降了近10％。

This selloff followed a tweet by Jacob King, who highlighted ETF outflows as a key point of stress.

這次拋棄在雅各布·金（Jacob King）的推文之後，他強調了ETF流出是壓力的關鍵點。

CoinShares and other data providers recorded over $150 million in outflows from Bitcoin ETFs in the past day. This marks the steepest drawdown since late February, wiping out gains from institutional inflows seen earlier this quarter.

過去一天，Coinshares和其他數據提供商從比特幣ETF中記錄了超過1.5億美元的外流。這標誌著自2月下旬以來最陡峭的趨勢，從本季度早些時候看到的機構流入中消除了收益。

This pace of withdrawal has triggered debate among traders and commentators. Some view it as panic selling, while others frame it as repositioning amid uncertain macro trends.

這種戒斷步伐引發了交易者和評論員之間的辯論。有些人將其視為恐慌銷售，而另一些人則將其構成重新定位，這是不確定的宏觀趨勢。

Trump’s trade war escalations have created volatility across financial markets. The S&P 500 saw an increase of more than 8% on April 9 after the president put a pause on some of the newly announced import tariffs.

特朗普的貿易戰爭升級在金融市場之間引起了波動。在4月9日，總統對一些新宣布的進口關稅停頓後，標準普爾500指數增加了8％以上。

Bitcoin’s market cap also showed a similar 8% rebound, according to data from CoinMarketCap.

根據CoinMarketCap的數據，比特幣的市值也顯示出相似的8％籃板。

However, despite the temporary bounce, there is still uncertainty.

但是，儘管暫時反彈，但仍然存在不確定性。

David Siemer, CEO of Wave Digital Assets, mentioned that economic instability tends to accelerate institutional interest in digital assets. He noted a growing shift toward blockchain-based settlement tools as traditional financial systems face increasing geopolitical risk.

Wave Digital Assets的首席執行官David Siemer提到，經濟不穩定傾向於加速在數字資產中的機構興趣。他指出，隨著傳統金融體系面臨著日益增加的地緣政治風險，向基於區塊鏈的定居工具的轉變越來越大。

Siemer added that the recent strength of Bitcoin highlights its role as a hedge. A Binance report dated April 7 also pointed to BTC’s “resilience” amid global turbulence.

Siemer補充說，最近的比特幣強度強調了其作為樹籬的作用。日期為4月7日的二元報告還指出，在全球動盪中，BTC的“韌性”。

On-chain data presents a contrasting view. Since early March, whales, defined as large BTC holders, have added more than 100,000 BTC to their wallets, according to data shared by caueconomy.

鏈上數據顯示了一種對比的視圖。自3月初以來，根據Caueconomy共享的數據，將鯨魚定義為大型BTC持有人，已在其錢包中增加了100,000多個BTC。

This accumulation trend continues despite muted network activity and fading interest from retail investors.

儘管網絡活動變得柔和，並且散戶投資者的興趣消失了，但這種積累趨勢仍在繼續。

This divergence suggests that large players are exploiting price dips to lower their acquisition cost. While it may not signal an immediate reversal, it reflects long-term positioning by institutional entities often regarded as “smart money.” These cohorts typically exit during surges, potentially pressuring price once rallies gain momentum.

這種分歧表明，大型玩家正在利用價格下跌以降低其收購成本。雖然它可能不會立即逆轉，但它反映了經常被視為“聰明的錢”的機構實體的長期定位。這些隊列通常會在激增期間退出，一旦集會增強勢頭，可能會施加壓力。

While King sounds the alarm bells, other traders argue that the correction may set the stage for a rebound. Pseudonymous trader Merlijn said BTC just retested what he calls the “Crash Line,” historically followed by sharp gains averaging 3,495%.

儘管金發出警鐘，但其他交易員認為，更正可能為反彈奠定了基礎。偽交易員梅利恩（Merlijn）表示，BTC剛剛重新測試了他所謂的“崩潰線”，從歷史上看，急劇上漲了3,495％。

Another user, Crypto Faibik, claimed Bitcoin is nearing a falling wedge breakout. He argued that a successful breakout could push BTC back toward its all-time high of $109,000.

另一個用戶Crypto Faibik聲稱比特幣即將接近楔形突破。他辯稱，成功的突破可能會將BTC推向其歷史最高點109,000美元。

However, despite such optimism, short-term risks remain high. Institutional selling pressure, volatile macro conditions, and retail withdrawal could stall any bullish reversal.

但是，儘管有這種樂觀，但短期風險仍然很高。機構銷售壓力，揮發性宏觀條件和零售撤回可能會使任何看漲逆轉。