隨著市場等待聯邦公開市場委員會（FOMC）會議的結果，比特幣（BTC）保持穩定在82,000美元的高度之上。

儘管FOMC公告之前的波動性趨勢的歷史趨勢，但比特幣表現出了彈性，有幾個指標暗示了潛在的價格變動。

Bitcoin (BTC) price remained above the $82,000 key level as markets awaited the outcome of the Federal Open Market Committee (FOMC) meeting.

隨著市場等待聯邦公開市場委員會（FOMC）會議的結果，比特幣（BTC）的價格保持在82,000美元的關鍵水平之上。

Despite historical trends of volatility prior to FOMC announcements, Bitcoin has demonstrated resilience, with several indicators hinting at potential price movements.

儘管FOMC公告之前的波動性趨勢的歷史趨勢，但比特幣表現出了彈性，有幾個指標暗示了潛在的價格變動。

The cryptocurrency market opened the day cautiously, as fear dominated overall sentiment.

加密貨幣市場謹慎地開放了這一天，因為恐懼佔據了整體情緒。

The total market capitalization edged up slightly by 0.15%, reaching $2.72 trillion, while 24-hour trading volumes dipped 1.59% to $71.59 billion.

總市值略高於0.15％，達到2.72萬億美元，而24小時交易量下降了1.59％，至715.9億美元。

Reflecting the market’s defensive stance, the Fear & Greed Index slipped to 23 amid mixed price action.

反映了市場的防禦立場，恐懼和貪婪指數在價格混合的情況下跌至23。

Ethereum led altcoins in recovery with a 1.64% gain over the past 24 hours, followed by modest increases in XRP (0.28%) and Solana (1.31%). Broader market stability bolstered these gains.

以太坊在過去24小時內以1.64％的增長為1.64％，隨後XRP（0.28％）和Solana（1.31％）恢復了1.64％。更廣泛的市場穩定性增強了這些收益。

Meanwhile, EOS took center stage on the leaderboards with an impressive 25.72% surge, and RAY and MKR followed with gains of 12.96% and 8.62%, respectively. Conversely, FORM topped the losers’ list with a 13.26% decline, followed by CAKE (-7.49%) and CRO (-5.33%).

同時，EOS以驚人的25.72％的速度在排行榜上佔據了中心地位，Ray和MKR隨後漲幅分別增長了12.96％和8.62％。相反，表格以13.26％的下降榜首，其次是蛋糕（-7.49％）和CRO（-5.33％）。

Significant shift

重大轉變

Spot Bitcoin ETFs witnessed a significant shift, ending a month-long trend of outflows on March 17 by recording $275 million in net inflows. According to Glassnode, this marks the largest weekly inflow since December 2023.

現場比特幣ETF發生了重大變化，結束了3月17日的流出趨勢，記錄了2.75億美元的淨流入。根據GlassNode的說法，這標誌著自2023年12月以來每週最大的流入。

suggest that institutional investors are expecting a more dovish Fed stance on future rate cuts, strategic hedging against market uncertainties, or preparations for a short squeeze.

表明機構投資者期望對未來的削減稅率，對市場不確定性的戰略對沖或為短暫擠壓做準備。

“This change in investor mood could indicate multiple opportunities,” the report noted, as the FOMC announcement—scheduled for Wednesday, March 19, at 2:30 pm ET—is expected to create notable market swings.

該報告指出：“投資者情緒的這種變化可能表明很多機會。”正如FOMC公告（3月19日星期三下午2:30 pm）預計將創造著名的市場波動。

This purchase increases its total holdings to 3,200 BTC, valued at roughly $261.8 million, cementing its position as the largest Bitcoin corporate holder in Asia and the 11th largest globally.

這次購買將其總持股量增加到3,200 BTC，價值約為2.618億美元，鞏固了其作為亞洲最大的比特幣公司持有人的地位，在全球第11大。

What you should know

你應該知道的

Adopting a strategy similar to Michael Saylor’s (previously MicroStrategy), Metaplanet financed its Bitcoin acquisitions by issuing over 44 million common shares.

Metaplanet採用了類似於Michael Saylor（以前的MicroStrategy）的戰略，通過發行超過4400萬股普通股來資助其比特幣收購。

Since March 2023, the company had been investing in BTC, beginning with a purchase of 1,000 coins in March and continuing with consistent additions to its portfolio throughout the year.

自2023年3月以來，該公司一直在BTC進行投資，從3月購買1,000枚硬幣開始，並全年持續增加其投資組合。

This latest round brings its total BTC investment to 7,588 coins, valued at around $614.4 million at the current price of about $81,000.

最新一輪將其BTC的總投資帶到了7,588個硬幣，價值約為6.144億美元，目前的價格約為81,000美元。

However, despite this massive spending spree, Metaplanet’s stock price has dropped significantly this year, trading at $0.97 at the time of writing, down around 75% since the start of 2023.

然而，儘管大量支出狂潮，但梅帕內特的股價今年卻大幅下跌，在寫作時的交易價格為0.97美元，自2023年初以來下降了約75％。

This downturn might be linked to the company’s spending on Bitcoin, which could be putting pressure on its stock value.

這種低迷可能與公司在比特幣上的支出有關，這可能會對其股票價值施加壓力。

Nonetheless, Metaplanet remains committed to accumulating more Bitcoin despite the challenges it faces.

儘管如此，儘管面臨挑戰，Metaplanet仍致力於積累更多的比特幣。

Pointing out a stark contrast, usually, during periods of price declines, institutions tend to sell, while retail investors continue holding.

通常在價格下降期間指出鮮明的對比，機構傾向於出售，而散戶投資者繼續持有。

But this time, it seems like institutions are buying more of the top cryptocurrency as they clocked in a fourth consecutive week of net inflows into spot Bitcoin ETFs.

但是這次，似乎機構在連續第四個星期的淨流入中循環成現貨比特幣ETF時，他們正在購買更多最高的加密貨幣。

But retail investors appear to be selling, leading to seven straight weeks of outflows from short-term crypto products.

但是散戶投資者似乎正在銷售，導致短期加密產品的流出七個星期。

This observation was highlighted in a recent report by digital asset management firm Coinshares.

數字資產管理公司Coinshares最近的一份報告中強調了這一觀察結果。

According to the report, institutional investors poured a massive $275 million into spot Bitcoin ETFs last week alone.

根據該報告，僅上週，機構投資者向現貨比特幣ETF傾注了大量2.75億美元。

suggest that institutional investors are expecting a more dovish Fed stance on future rate cuts, strategic hedging against market uncertainties, or preparations for a short squeeze.

表明機構投資者期望對未來的削減稅率，對市場不確定性的戰略對沖或為短暫擠壓做準備。

“This change in investor mood could indicate multiple opportunities,” the report noted, adding that the FOMC announcement—scheduled for Wednesday, March 19, at 2:30 pm ET—is expected to create notable market swings.

該報告指出：“投資者情緒的這種變化可能表明了多個機會。”他補充說，FOMC公告（3月19日，星期三，美國東部時間下午2:30）預計將創造出顯著的市場波動。

Moreover, Coinshares pointed out that the total inflows into spot Bitcoin ETFs reached $1.04 billion in March.

此外，Coinshares指出，三月份進入現貨比特幣ETF的總流入達到10.4億美元。

This compares to outflows of $1.28 billion in February and $3.44 billion in January.

相比之下，2月的12.8億美元的流出和1月的34.4億美元。

However, looking at short-term crypto products, which are typically preferred by retail investors, there were outflows of $144 million last week.

但是，查看短期加密產品通常是散戶投資者首選的，上週的流出量為1.44億美元。

This marks the seventh consecutive week of outflows from short-term crypto products.

這標誌著短期加密產品的連續第七周流出。

According to Coinshares, the outflows from short-term crypto products began in mid-February.

根據Coinshares的說法，短期加密產品的流出始於2月中旬。

suggest that retail investors might be exiting their positions due to the recent decline in crypto

建議散戶投資者可能由於最近的加密貨幣下降而退出職位