比特幣[BTC]本週稍早保持看漲立場

從其對價格發現的追求來看，比特幣[BTC]本週稍早保持看漲立場。該加密貨幣週三創下歷史新高，突破 108,000 美元

Earlier this week, Bitcoin [BTC] maintained a bullish stance, evidenced by its pursuit of price discovery. The cryptocurrency reached a new all-time high above $108,000 on Wednesday, the 18th of December, with whale activity playing a significant role in this fresh upside.

本週早些時候，比特幣[BTC]保持看漲立場，其對價格發現的追求就證明了這一點。該加密貨幣於 12 月 18 日星期三達到 108,000 美元以上的歷史新高，鯨魚活動在這一新的上漲中發揮了重要作用。

Bitcoin’s bullish performance earlier in the week raised hopes of potentially soaring to $110,000 before the end of the week if it sustained the momentum. The king of the cryptos attained a new historic peak at $108,364 on Wednesday, proving yet again that the bulls were still in control.

本週早些時候，比特幣的看漲表現引發了人們的希望：如果比特幣保持這一勢頭，那麼比特幣可能會在本週末之前飆升至 11 萬美元。週三，加密貨幣之王創下了 108,364 美元的歷史新高，再次證明多頭仍處於掌控之中。

On-chain data confirmed healthy whale activity as large holder inflows grew from 619.43 BTC on 14th December to 3,620 BTC as of 17th December. Large holder outflows, on the other hand, decreased from 11,060 coins on 16th December to 917 BTC the following day.

鏈上數據證實了鯨魚活動的健康，大戶流入量從 12 月 14 日的 619.43 BTC 增加到截至 12 月 17 日的 3,620 BTC。另一方面，大持有者的流出量從 12 月 16 日的 11,060 個比特幣減少到第二天的 917 個比特幣。

The large holder flows hence demonstrated a surge in demand at around the same time that sell pressure from whales subsided considerably.

因此，大持有者的流動顯示需求激增，同時鯨魚的拋售壓力也大幅減弱。

As a result, the wave of demand pushed higher. However, there was a notable dip in large holder inflows by roughly half to 1843 BTC as of Wednesday. This was still higher than the 473 BTC outflows.

結果，需求浪潮推高了。然而，截至週三，大持有者流入量顯著下降約一半，至 1,843 比特幣。這仍然高於 473 BTC 的流出量。

To top things up, Bitcoin also achieved overall positive flows from ETFS. The latest BTC ETFs data revealed that ETF inflows peaked at 275.3 million BTC on Wednesday.

最重要的是，比特幣也從 ETF 實現了整體正流量。最新的 BTC ETF 數據顯示，週三 ETF 流入量達到 2.753 億 BTC 的峰值。

Are Bitcoin bears taking over?

比特幣空頭正在接管嗎？

Despite these observations, there were notable outflows from some of the ETFs including Grayscale and Ark Invest. Despite the robust bullish performance, a sizable pullback followed swiftly, ending the day closer to $101,000. This could indicate potential for some profit-taking or more short term outflows ahead.

儘管有這些觀察結果，包括 Grayscale 和 Ark Invest 在內的一些 ETF 仍出現了顯著的資金外流。儘管表現強勁，但隨後迅速大幅回調，收盤接近 101,000 美元。這可能表明未來可能出現一些獲利回吐或更多短期資金外流。

The pullback was mainly due to the market’s knee-jerk reaction to Fed chair Jerome Powell statement. Powell remarked that the FED was not allowed to own Bitcoin.

此次回調主要是由於市場對聯準會主席鮑威爾聲明的下意識反應。鮑威爾表示，聯準會不允許擁有比特幣。

Bitcoin spot market flows data revealed that outflows were dominant in the last three days. This was particularly the case on Wednesday during which net outflows spiked to $824.78 million.

比特幣現貨市場流量數據顯示，過去三天資金外流占主導地位。週三尤其如此，淨流出飆升至 8.2478 億美元。

Why are these observations essential? Well, based on the observations so far, whales and institutions have been driving this week’s rally. An indication that they anticipated higher prices. Meanwhile, retail appeared to be folding under the pressure as price pushed into new territory.

為什麼這些觀察很重要？嗯，根據迄今為止的觀察，鯨魚和機構一直在推動本週的上漲。這表明他們預計價格會上漲。同時，隨著價格進入新的領域，零售業似乎在壓力下萎縮。

Bitcoin funding rates data reveled relatively subdued activity compared to the first half of December or November. A sign that derivatives traders were moving cautiously this week to avoid liquidations.

與 12 月上半月或 11 月相比，比特幣融資利率數據顯示活動相對疲軟。有跡象表明衍生性商品交易商本週謹慎行事以避免清算。

Read Bitcoin’s [BTC] Price Prediction 2024-25

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In other words, spot demand has arguably been more dominant this week and liquidations were relatively low.

換句話說，本週現貨需求可說是更主導，清算量也相對較低。

Low funding rates could signal lower volatility and potentially low friction in Bitcoin’s bullish attempts. However, traders should be cautious especially now that multiple ETFs have demonstrated outflows.

低融資利率可能預示比特幣看漲嘗試中波動性較低，摩擦也可能較低。然而，交易者應保持謹慎，尤其是現在多個 ETF 已出現資金流出。