ETF 需求和減半事件推動比特幣飆升 80,600 美元

技術分析師預測，在沒有賣出訊號的情況下，比特幣將上漲 15%，而灰階的比特幣信託基金因贖回增加而面臨潛在短缺，可能會危及其市場主導地位。

Bitcoin Sets Its Sights on $80,600 Amidst Bullish Surge and Growing ETF Appetite

在多頭市場激增和 ETF 需求不斷增長的情況下，比特幣將目標定在 80,600 美元

Financial analysts are projecting an optimistic trajectory for Bitcoin, predicting a potential 15% upswing in value with no immediate signs of a sell-off. This bullish outlook coincides with the growing demand for Bitcoin-based exchange-traded funds (ETFs) and the impending halving event.

金融分析師預測比特幣的發展軌跡樂觀，預計其價值可能上漲 15%，且不會立即出現拋售跡象。這種看漲前景恰逢對基於比特幣的交易所交易基金（ETF）的需求不斷增長以及即將到來的減半事件。

According to market research firm Markets Insider, technical analysts have identified Bitcoin's previous peak of around $73,700 as the next short-term resistance level. Should Bitcoin surpass this level, it is poised to reach a measured move price target of $80,600, representing a significant 15% increase from current levels.

據市場研究公司 Markets Insider 稱，技術分析師已將比特幣之前的峰值 73,700 美元左右視為下一個短期阻力位。如果比特幣超過這一水平，其預計價格目標將達到 80,600 美元，較當前水平大幅上漲 15%。

On March 26, Bitcoin exhibited a marginal gain of 0.71%, reaching $70,388 in afternoon trading. This surge has solidified its market capitalization at nearly $1.4 trillion. The cryptocurrency's impressive 66% growth this year is largely attributed to the robust demand for spot Bitcoin ETFs and anticipation surrounding the halving event scheduled for next month.

3 月 26 日下午，比特幣小漲 0.71%，達到 70,388 美元。這一飆升使其市值鞏固在近 1.4 兆美元。這種加密貨幣今年令人印象深刻的 66% 成長主要歸功於對現貨比特幣 ETF 的強勁需求以及對下個月減半事件的預期。

Technical analysts are heartened by Bitcoin's resilience during its recent dip, successfully testing and bouncing off its $64,900 support level. Analyst Tom Stockton interprets this as a bullish indication, suggesting that the pullback has matured into a positive short-term development.

技術分析師對比特幣在近期下跌期間的韌性感到鼓舞，成功測試並從 64,900 美元的支撐位反彈。分析師湯姆斯托克頓將此解釋為看漲跡象，表明回調已成熟為積極的短期發展。

Stockton further notes the positive status of the weekly MACD (Moving Average Convergence Divergence) indicator and the weekly stochastic indicator, which exceeds 80%, indicative of bullish market sentiment. These technical tools are employed by analysts to assess the underlying momentum of a financial instrument.

斯托克頓進一步指出，每週MACD（移動平均收斂分歧）指標和每週隨機指標的正面狀態超過80%，顯示市場情緒看漲。分析師使用這些技術工具來評估金融工具的潛在動力。

Maintaining a long-term bullish stance, Stockton asserts that no technical indicators currently signal a sell-off. "Our long-term indicators point higher with no 'sell' signals, indicating that the uptrend is likely to persist for the next several months," he opines.

斯托克頓保持長期看漲立場，斷言目前沒有技術指標表明拋售。他表示：“我們的長期指標走高，沒有‘賣出’訊號，這表明上升趨勢可能會在未來幾個月持續下去。”

Grayscale Faces Bitcoin Shortage as Redemptions Surge, BlackRock Prepares to Take the Lead

隨著贖回激增，灰度面臨比特幣短缺，貝萊德準備帶頭

Despite Bitcoin's overall bullish outlook, the Grayscale Bitcoin Trust (GBTC) is facing a potential shortage of Bitcoin amid a surge in redemptions. According to blockchain analysis firm Arkham Intelligence, GBTC, which holds over 347,000 bitcoins valued at approximately $24.6 billion, is estimated to deplete its reserves within 14 weeks.

儘管比特幣的整體前景看好，但灰階比特幣信託基金（GBTC）在贖回激增的情況下面臨比特幣潛在短缺的問題。根據區塊鏈分析公司 Arkham Intelligence 的數據，GBTC 持有超過 347,000 枚比特幣，價值約 246 億美元，預計將在 14 週內耗盡其儲備。

Arkham Intelligence reports that Grayscale commenced the year with more than 618,000 bitcoins held in GBTC. However, clients have been redeeming their shares at an unprecedented rate, primarily due to the introduction of spot Bitcoin ETFs in the United States.

Arkham Intelligence 報告稱，今年年初，Grayscale 在 GBTC 中持有超過 618,000 枚比特幣。然而，客戶一直在以前所未有的速度贖回他們的股票，這主要是由於美國推出了現貨比特幣 ETF。

Following regulatory approval from the Securities and Exchange Commission (SEC) in January, numerous spot Bitcoin ETFs have entered the market, offering investors alternative options to GBTC. These newer products have attracted significant interest, leading to outflows from GBTC.

繼 1 月獲得美國證券交易委員會 (SEC) 監管機構批准後，眾多現貨比特幣 ETF 已進入市場，為投資者提供了 GBTC 以外的替代方案。這些較新的產品引起了人們的極大興趣，導致 GBTC 資金流出。

DL News highlights that GBTC is facing competition from nine spot Bitcoin ETFs that launched two months ago. "Rival funds run by Wall Street heavyweights like BlackRock and Fidelity have challenged the crypto native firm by offering lower fees," the news outlet reports. GBTC charges a management fee of 1.5%, while competitors such as BlackRock offer fees as low as 0.25%.

DL News 強調，GBTC 面臨兩個月前推出的 9 隻現貨比特幣 ETF 的競爭。該新聞媒體報道稱，“貝萊德和富達等華爾街重量級公司運營的競爭對手基金通過提供更低的費用來挑戰這家加密貨幣本土公司。” GBTC 收取 1.5% 的管理費，而貝萊德等競爭對手的管理費低至 0.25%。

Despite the current wave of redemptions, some analysts believe that Grayscale's ETF fortunes may soon improve. Bloomberg ETF analyst Eric Balchunas suggests that the recent outflows are largely driven by bankruptcies rather than declining investor interest. "The worst is probably close to being over," Balchunas predicts. "Once it is, only retail (investment) will be left and flows should look more like the February trickle."

儘管目前出現了贖回浪潮，但一些分析師認為灰階的 ETF 命運可能很快就會改善。彭博 ETF 分析師 Eric Balchunas 表示，最近的資金外流主要是由破產推動的，而不是投資者興趣下降。 「最糟糕的情況可能即將結束，」巴爾丘納斯預測。 “一旦實現，將只剩下零售（投資），資金流應該更像二月的涓流。”

Furthermore, crypto analysts anticipate that BlackRock's competitor ETF, iShares Bitcoin Trust (IBIT), will surpass Grayscale in Bitcoin holdings within two weeks. "BlackRock is going to flip Grayscale soon," declares crypto YouTuber George Tung. "I say within the next two weeks, it's going to happen." IBIT currently holds more than 238,500 bitcoins.

此外，加密貨幣分析師預計，貝萊德的競爭對手 ETF iShares Bitcoin Trust (IBIT) 將在兩週內超過 Grayscale 的比特幣持有量。 “貝萊德很快就會顛覆灰階”，YouTube 加密貨幣用戶 George Tung 宣稱。 “我說在接下來的兩週內，這將會發生。” IBIT 目前持有超過 238,500 枚比特幣。

As the Bitcoin market continues to evolve, technical analysts remain optimistic about its prospects, predicting further upward momentum with no imminent signs of a sell-off. However, the Grayscale Bitcoin Trust faces a potential Bitcoin shortage in the near future, potentially weakening its market dominance as rival ETFs gain traction.

隨著比特幣市場的不斷發展，技術分析師對其前景仍持樂觀態度，預測比特幣將進一步上漲，且不會出現拋售跡象。然而，灰階比特幣信託在不久的將來面臨潛在的比特幣短缺，隨著競爭對手 ETF 的吸引力增加，可能會削弱其市場主導地位。