比特幣（BTC）價格在大量流出時面臨壓力

比特幣價格繼續面臨逆風，因為關於數字資產基金流量的最新報告顯示，來自數字資產的流出量驚人的7.51億美元。

The latest report by CoinShares on Digital Asset Fund Flows has revealed a massive $795 million in outflows from the crypto market, with an astounding $751 million being withdrawn from Bitcoin.

Coinshares關於數字資產基金流量的最新報告顯示，來自加密貨幣市場的外流有7.95億美元的流出，從比特幣中撤出了驚人的7.51億美元。

This marks one of the largest single-week outflows of the year, and it comes at a time when the price of Bitcoin has hit a wall, struggling to regain past all-time highs.

這標誌著一年中最大的單週外流之一，這是在比特幣價格撞到牆壁並努力恢復歷史高高的時候。

The report, published on Monday, August 20, highlights a strong pullback in sentiment among institutional investors, further fueled by surprising news of U.S. President Donald Trump postponeing the tariffs on goods from Canada and Mexico.

該報告於8月20日星期一發表，重點介紹了機構投資者的情緒令人難以置信，這進一步引起了美國總統唐納德·特朗普（Donald Trump）的驚人消息，推遲了加拿大和墨西哥的商品關稅。

This move, which followed an earlier announcement of tariffs on all imports into the U.S., has ultimately led to a net year-to-date inflow of $165 million, compared to last week’s reported $640 million.

此舉是在早期宣布向美國的所有進口徵收關稅之後，最終導致淨淨流入量為1.65億美元，而上週據報導的6.4億美元。

Since early February, digital asset investment products have suffered cumulative outflows of approximately $7.2 billion, effectively erasing almost all the year-to-date inflows.

自2月初以來，數字資產投資產品的累積流出約為72億美元，實際上幾乎消除了所有年度最佳流入。

This week marks the third consecutive week of declines, with Bitcoin leading the downturn and recording the most significant losses among major digital assets.

本週標誌著連續第三週的下降，比特幣帶領下滑，並記錄了主要數字資產中最重大的損失。

The report, written by James Butterfill, the Head of Research at CoinShares, further disclosed that the total outflows amounted to $795 million, with Bitcoin bearing the brunt of the outflows.

Coinshares研究負責人詹姆斯·巴特菲爾（James Butterfill）撰寫的報告進一步透露，總流總計為7.95億美元，比特幣引起了流出的首要。

The world’s leading cryptocurrency experienced outflows of $751 million, a staggering sum that signals a potential shift in sentiment among institutions.

全球領先的加密貨幣經歷了7.51億美元的流出，這是一筆驚人的款項，這表明機構之間的情感可能發生了轉變。

The report underscores a cooling sentiment among institutional investors and highlights a growing sense of caution amid ongoing market volatility.

該報告強調了機構投資者之間的冷卻情緒，並強調了持續不斷的市場波動時的謹慎感。

The Bitcoin price has recently been struggling to break out, and these outflows serve as one of the many barriers hindering the cryptocurrency’s breakout potential.

比特幣價格最近一直在努力爆發，這些外流是阻礙加密貨幣突破潛力的眾多障礙之一。

The fate of Bitcoin setting a new all-time high hinges on the reversal of these outflows and the subsequent stabilization of the market.

比特幣的命運設定了這些流出逆轉和隨後的市場穩定的新歷史高級鉸鏈。

The report from CoinShares also highlighted that despite the massive outflows, Bitcoin still maintains a moderately positive position with $545 million in net year-to-date inflows.

Coinshares的報告還強調，儘管流出了大量流出，比特幣仍然保持中等積極的位置，淨淨流入淨流入為5.45億美元。

However, the sheer scale and speed of the latest outflows do raise concern, especially considering that Bitcoin suffered such a huge withdrawal.

但是，最新流出的巨大規模和速度確實引起了人們的關注，尤其是考慮到比特幣遭受瞭如此巨大的撤離。

This signals a potential shift in sentiment among institutions. Whether it’s due to profit-taking or macroeconomic uncertainty, this move suggests that big players are beginning to pull out — at least in the short term.

這表明機構之間的情感可能發生了可能的轉變。無論是由於獲利還是宏觀經濟的不確定性，此舉都表明，至少在短期內，大型球員開始退出。

In addition to Bitcoin, the report unveiled that Ethereum also saw outflows, albeit to a lesser extent, with $37 million being withdrawn from the second-largest cryptocurrency.

除了比特幣外，該報告還揭示了以太坊還看到了流出，儘管程度較小，但從第二大加密貨幣中撤出了3700萬美元。

Furthermore, Solana, Aave, and SUI also posted losses, with $5.1 million, $0.78 million, and $0.58 million in outflows, respectively.

此外，Solana，Aave和Sui還發布了損失，分別為510萬美元，78萬美元和558萬美元的外流。

Surprisingly, even short Bitcoin products, designed to benefit from market downturns, weren’t spared, recording $4.6 million in outflows.

令人驚訝的是，即使是簡短的比特幣產品，旨在從市場低迷中受益，但尚未倖免，卻記錄了460萬美元的外流。

This surprising finding might indicate that even those betting against Bitcoin's short-term price movements are pulling back, which could be linked to the broader market trends and the potential for a shift in sentiment.

這一令人驚訝的發現可能表明，即使是那些反對比特幣短期價格變動的人也正在退縮，這可能與更廣泛的市場趨勢和情感轉變的潛力有關。

One of the key drivers behind the pullback across digital assets is the rising economic uncertainty sparked by tariff policies that have adversely influenced investor sentiment.

在數字資產中回落背後的主要驅動力之一是關稅政策對投資者情緒產生不利的關稅政策的不斷增長。

The wave of negative sentiment began in February after U.S. President Donald Trump announced plans to impose tariffs on all imports coming into the country, an action that ultimately led to a shift in sentiment.

在美國總統唐納德·特朗普（Donald Trump）宣布計劃對進入該國的所有進口徵收關稅的計劃之後，消極情緒又始於2月，這一行動最終導致了情緒的轉變。

However, a late-week rebound in crypto prices was seen after Trump’s temporary reversal of the controversial tariffs, providing a brief respite for the market.

但是，在特朗普暫時撤銷了有爭議的關稅之後，立即看到了加密貨幣價格的深夜反彈，這為市場提供了短暫的喘息。

This policy shift helped boost total Asset Under Management (AUM) across digital assets from a low of $120 billion on April 8 to $130 billion, marking an 8% recovery.

這種政策轉變有助於將數字資產管理總資產（AUM）從4月8日的1,200億美元提高到1300億美元，標誌著8％的回收率。