2024-25 年比特幣 (BTC) 價格預測：ETF 在市場復甦中發揮重要作用

過去幾天，比特幣 [BTC] 成功捲土重來，價格大幅上漲，其中交易所交易基金 (ETF) 發揮了重要作用。

output: As Bitcoin [BTC] continues its recent price rally, Exchange-Traded Funds (ETFs) have played a pivotal role in driving the cryptocurrency's price uptick.

產出：隨著比特幣[BTC]近期價格持續上漲，交易所交易基金（ETF）在推動加密貨幣價格上漲方面發揮了關鍵作用。

According to data from Finbold, ETFs have seen a remarkable influx of capital since their launch in January 2024, with the total assets now reaching an impressive $16.35 billion.

Finbold 的數據顯示，自 2024 年 1 月推出以來，ETF 的資金大量湧入，目前總資產已達到令人印象深刻的 163.5 億美元。

This surge in interest culminated in a record-breaking week, with inflows reaching $1.05 billion by 15th July. The substantial growth in Bitcoin ETF assets is being viewed by market analysts as a bullish indicator, with some speculating that this could indicate that the bottom may be in for the cryptocurrency.

這種興趣激增在創紀錄的一周達到頂峰，截至 7 月 15 日流入量達到 10.5 億美元。市場分析師將比特幣 ETF 資產的大幅成長視為看漲指標，有些人猜測這可能表明加密貨幣可能已觸底。

Collectively, these ETFs now hold an unprecedented 888,607 Bitcoin, which equates to roughly 4.5% of the total circulating supply of the cryptocurrency.

總的來說，這些 ETF 現在持有前所未有的 888,607 比特幣，相當於加密貨幣總流通供應量的 4.5% 左右。

This investment frenzy is being driven by both institutional and retail investors, with some funds experiencing inflows as substantial as $310 million in a single week.

這種投資狂潮是由機構投資者和散戶投資者共同推動的，一些基金單週資金流入量高達 3.1 億美元。

Moreover, the German government's recent actions in the crypto space have also influenced the price movements.

此外，德國政府最近在加密領域的行動也影響了價格趨勢。

After executing a $3 billion Bitcoin sell-off through various crypto exchanges and trading firms, sending shockwaves through the cryptocurrency market, the German government's massive offloading concluded late last week.

在透過各種加密貨幣交易所和交易公司拋售 30 億美元的比特幣，給加密貨幣市場帶來衝擊之後，德國政府的大規模拋售行動於上週晚些時候結束。

However, in a surprising turn of events, the government has since received a modest influx of Bitcoin, totaling approximately $420, from multiple wallets.

然而，令人驚訝的是，此後政府從多個錢包收到了少量比特幣，總計約 420 美元。

These incoming funds were dispersed across over four dozen transactions, with the largest amounting to $118 and occurring on 13th July, according to blockchain data analyzed by Arkham.

根據 Arkham 分析的區塊鏈數據，這些流入資金分散在四打交易中，其中最大一筆交易發生在 7 月 13 日，金額達 118 美元。

Through a series of these transactions, the German government has quietly amassed a small Bitcoin portfolio. The BTC was sent by users who wanted to express their discontent with the German government.

透過一系列此類交易，德國政府已經悄悄地累積了少量的比特幣投資組合。比特幣是由想要表達對德國政府不滿的用戶發送的。

Some of these transactions included unusual references, such as the names Adolf Hitler and Elon Musk, along with other expletives, in an apparent attempt to troll the government.

其中一些交易包含不尋常的提及，例如阿道夫·希特勒和伊隆·馬斯克的名字，以及其他咒罵語，顯然是為了攻擊政府。

At press time, BTC was trading at $63,882.81, having risen by 1.53% in the past 24 hours, according to price data from Binance.

根據幣安的價格數據，截至發稿時，BTC 交易價格為 63,882.81 美元，過去 24 小時上漲 1.53%。

Meanwhile, the MVRV ratio for BTC had surged due to the recent price rally. This indicated that the majority of addresses were profitable, a factor that could influence sentiment positively.

同時，由於近期價格上漲，BTC 的 MVRV 比率大幅上升。這表明大多數地址都是有利可圖的，這一因素可能會對情緒產生積極影響。

However, this profitability also creates an incentive for holders to sell their BTC holdings, which could put selling pressure on the cryptocurrency.

然而，這種獲利能力也激勵持有者出售其持有的比特幣，這可能會對加密貨幣造成拋售壓力。