比特幣（BTC）在地緣政治緊張局勢，利率期望轉移的情況下，比特幣（BTC）的價格彈性

地緣政治緊張局勢，利率轉移的期望以及潛在的美國關稅政策有助於市場不確定性和影響數字資產ETF

Geopolitical tensions, shifting interest rate expectations, and potential U.S. tariff policies are impacting digital asset ETFs, even as Bitcoin shows price resilience, says research analyst.

研究分析師說，即使比特幣表現出價格彈性，地緣政治緊張局勢，轉移利率的期望和潛在的美國關稅政策也會影響數字資產ETF。

While Bitcoin (BTC) demonstrated relative price stability last week, a complex web of macroeconomic factors is creating significant uncertainty in the broader digital asset market, leading to continued outflows from exchange-traded funds (ETFs). Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE: FNQ), highlighted the key drivers behind this cautious investor sentiment in a short note seen by The Shib Daily.

儘管比特幣（BTC）上週證明了相對價格穩定性，但宏觀經濟因素的複雜網絡正在造成更廣泛的數字資產市場的嚴重不確定性，從而導致交易所交易基金（ETF）的持續流出。公開上市的數字資產和金融科技投資業務Fineqia International（CSE：FNQ）的研究分析師Matteo Greco強調了這種謹慎的投資者情緒背後的關鍵驅動力，這是Shib Daily的簡短說明。

Shifting Sands: Interest Rate Expectations and Inflation Data

轉移沙子：利率期望和通貨膨脹數據

“Market participants are closely monitoring geopolitical developments and shifts in monetary policy expectations,” Greco explained. “Uncertainty surrounding these factors is contributing to volatility in Federal Reserve (FED) rate outlooks.”

Greco解釋說：“市場參與者正在密切監視地緣政治發展和貨幣政策期望的轉變。” “這些因素圍繞這些因素的不確定性導緻美聯儲（美聯儲）利率前景的波動。”

He pointed to a recent shift in expectations: “Current market outlook suggests the FED will cut interest rates by 50–75 basis points in 2025, down from last week’s expectations of a 75–100 basis point reduction.”

他指出，最近的期望轉變：“當前的市場前景表明，美聯儲將在2025年將利率降低50-75個基點，這比上週對降低75-100個基點的期望下降。”

This change comes despite seemingly positive inflation news. “Last week’s inflation data showed lower-than-expected figures both year-on-year (YoY) and month-on-month (MoM).” However, Greco suggested that “concerns over U.S. tariff policies affecting key trading partners such as Canada, Mexico, and Europe might be offsetting the positive impact of the lower inflation data.” These tariffs could drive inflation higher, increasing the risk of stagflation if economic growth remains sluggish.

儘管通貨膨脹新聞似乎是積極的，但這種變化仍在。 “上週的通貨膨脹數據顯示，同比（YOY）和月份（媽媽）的同比增長量低於預期。”但是，格雷科建議“對影響加拿大，墨西哥和歐洲等主要貿易夥伴的美國關稅政策的擔憂可能會抵消較低通貨膨脹數據的積極影響。”這些關稅可能會推動通貨膨脹率更高，如果經濟增長仍然緩慢，則會增加陷阱的風險。

Trump’s Potential Impact on Treasury Yields and Debt

特朗普對財政收益和債務的潛在影響

Greco also explored the potential influence of former President Trump’s economic policies on the market.

Greco還探討了前總統特朗普的經濟政策對市場的潛在影響。

“One potential objective of Trump’s economic policy is to lower long-term U.S. Treasury yields to facilitate refinancing government debt at reduced rates,” stated Greco.

Greco說：“特朗普經濟政策的潛在目標是降低美國財政部的收益率，以促進以降低利率再融資政府債務。”

He observed a downward trend in the 10-year Treasury yield, which peaked at 4.8% in the weeks leading up to Trump’s presidency and now hovers around 4.3%.

他觀察到了10年的國庫收益率的下降趨勢，在特朗普擔任總統任期之前的幾周中，峰值達到了4.8％，現在徘徊在4.3％左右。

Bitcoin Price Stability vs. ETF Outflows: A Divergence

比特幣價格穩定與ETF流出：分歧

Despite the macroeconomic headwinds, Bitcoin itself showed resilience.

儘管有宏觀經濟的逆風，但比特幣本身表現出彈性。

“Bitcoin (BTC) closed the week at approximately $82,575, reflecting a 2.3% increase from the previous week’s close of around $80,735,” Greco reported. He described a week of fluctuating prices, with BTC ultimately settling within a range of $80,000 to $85,000.

Greco報導：“比特幣（BTC）以約82,575美元的價格結束了一周，反映了上一周收盤價約為80,735美元的2.3％。”他描述了一個星期的波動，BTC最終定居在80,000至85,000美元之間。

However, this price stability contrasted sharply with the continued outflows from Bitcoin ETFs.

但是，這種價格穩定性與比特幣ETF的持續流出形成鮮明對比。

“Despite this relative price stability, BTC spot ETFs recorded outflows of approximately $870 million, marking the fifth consecutive week of negative flows. Over the past few weeks, more than $5 billion has been redeemed from these ETFs.”

“儘管相對價格穩定性，BTC現貨ETF的流出量約為8.7億美元，標誌著連續第五週的負流量。在過去的幾周中，從這些ETF中贖回了超過50億美元。”

Ethereum (ETH) ETFs mirrored this trend, with outflows of around $145 million.

以太坊（ETH）ETF反映了這一趨勢，流出約為1.45億美元。

While short-term outflows are significant, Greco put them in a broader context: “Total net inflows since inception…remain at approximately $35.2 billion” for Bitcoin ETFs and $2.5 billion for Ethereum ETFs, “underlining continued investor interest despite the recent short-term trend.”

儘管短期流出非常重要，但格雷科將它們置於更廣泛的背景下：“企業自我的總淨流入……比特幣ETF的淨流入量約為352億美元”，以太坊ETF的25億美元為25億美元，“強調了儘管最近的短期趨勢，但持續的投資者利息持續了。”

The post Bitcoin Shows Price Resilience Amid Macroeconomic Uncertainty, Leading to ETF Outflows appeared first on The Shib Daily.

比特幣後，由於宏觀經濟的不確定性，比特幣顯示出價格彈性，導致ETF流出的每日首次出現在Shib中。

Shib Daily: A Media and Publication by Shiba Inu

Shib Daily：Shiba Inu的媒體和出版物

The Shib Daily is an independent news and information platform. The content on Shib Daily is provided for informational purposes only and should not be construed as financial advice. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions. Shib Daily is not responsible for any losses that may result from investment advice provided on the platform.

Shib Daily是一個獨立的新聞和信息平台。每天提供SHIB每日內容的內容，僅出於信息目的，不應將其解釋為財務建議。鼓勵讀者進行自己的研究，並在做出任何投資決策之前諮詢合格的財務顧問。 Shib Daily對平台上提供的投資建議可能造成的任何損失概不負責。

Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

Shib Daily是官方媒體，也是Shiba INU加密貨幣項目的出版。鼓勵讀者進行自己的研究，並在做出任何投資決策之前諮詢合格的財務顧問。

Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

Yona沒有加密貨幣職位，也沒有任何加密資產。本文僅用於信息目的，不應將其解釋為財務建議。 Shib Daily是官方媒體，也是Shiba INU加密貨幣項目的出版。鼓勵讀者進行自己的研究，並在做出任何投資決策之前諮詢合格的財務顧問。