比特幣在市場波動中佔據主導地位，標誌著力量和信心

儘管近期市場低迷，但比特幣的主導地位仍然強勁，達到 2021 年 4 月以來的最高水準 55.3%，交易量強勁。然而，受地緣政治緊張局勢的推動，比特幣每週下跌 5.3%，但隨著敵對行動的緩和和對即將到來的減半的預期而反彈。

Bitcoin's Dominance Soars Amidst Market Volatility, Signaling Resilience and Investor Confidence

比特幣的主導地位在市場波動中飆升，顯示出韌性和投資者信心

Despite recent market fluctuations that have sent shivers down the spines of investors, Bitcoin, the undisputed king of cryptocurrencies, has displayed unwavering resilience, maintaining a market dominance metric of 55.3%, its highest level since April 2021, according to Matteo Greco, a research analyst at digital asset investment firm Fineqia International.

研究公司Matteo Greco 表示，儘管最近的市場波動讓投資者不寒而栗，但無可爭議的加密貨幣之王比特幣卻表現出了堅定不移的韌性，保持了55.3% 的市場主導地位，這是自2021自4 月以來的最高水準數位資產投資公司 Fineqia International 分析師。

This remarkable dominance metric underscores Bitcoin's enduring appeal and value proposition as a store of value, a safe haven asset, and a hedge against inflation. Notably, Bitcoin's market cap dominance has reached a three-year high despite heightened market volatility, testament to its ability to weather the storm and emerge stronger.

這一顯著的主導凸顯了比特幣作為價值儲存、避險資產和通膨對沖的持久吸引力和價值主張。值得注意的是，儘管市場波動加劇，比特幣的市值主導地位仍達到三年來的新高，證明了其抵禦風暴並變得更強大的能力。

Trading volumes for Bitcoin have also remained robust, providing further evidence of the asset's liquidity and investor interest. BTC Spot ETFs recorded a weekly trading volume of approximately $16.2 billion, with an average daily volume of around $3.2 billion. Since inception, cumulative trading volume stands at approximately $212 billion, with an average daily volume of roughly $3.3 billion.

比特幣的交易量也保持強勁，進一步證明了該資產的流動性和投資者的興趣。 BTC 現貨 ETF 每週交易量約 162 億美元，每日平均交易量約 32 億美元。自成立以來，累計交易量約為 2,120 億美元，每日平均交易量約 33 億美元。

Bitcoin's Weekly Decline: A Temporary Blip Amidst Long-Term Bullishness

比特幣每週下跌：長期看漲中的暫時現象

The past week witnessed a slight decline in Bitcoin's price, ending at around $65,650, a 5.3% decrease from the previous week's closing value of approximately $69,350. The week was characterized by significant volatility, particularly during the weekend, following a period of relative stability from Monday to Thursday.

過去一周，比特幣價格小幅下跌，收在 65,650 美元左右，較前一周收盤價約 69,350 美元下跌 5.3%。本週的特點是劇烈波動，特別是在週末，週一至週四相對穩定。

On Friday, Bitcoin faced a downturn, dropping to a low of $65,100. The negative trend continued into Saturday, hitting a weekly low of approximately $60,650 before rebounding and concluding the week around $65,650.

週五，比特幣遭遇低迷，跌至 65,100 美元的低點。負面趨勢持續到週六，觸及約 60,650 美元的周低點，然後反彈並在 65,650 美元附近結束本週。

Geopolitical tensions in the Middle East were cited as the primary catalyst for the weekend's price drop. However, market sentiment improved after an announcement of a temporary halt in hostilities among the involved nations. Additionally, attention was drawn to the upcoming halving scheduled for the night between April 19th and 20th, which historically triggers short-term "sell the news" reactions.

中東地緣政治緊張局勢被認為是週末價格下跌的主要催化劑。然而，在相關國家宣布暫時停止敵對行動後，市場情緒有所改善。此外，人們還關注定於 4 月 19 日至 20 日晚間即將到來的減半，這在歷史上會引發短期的「賣出消息」反應。

US Inflation Data Dampens Market Optimism

美國通膨數據削弱市場樂觀情緒

Recent US inflation data surpassed expectations, leading to a revision in market participants' rate cut projections for 2024. Initial expectations included a reduction of at least 75 basis points in interest rates. However, the latest data has shifted projections to anticipate 25/50 basis points cuts during the year, with the first cut expected in Q3 and a potential second cut towards year-end.

近期美國通膨數據超出預期，導致市場參與者修正了2024年的降息預期。然而，最新數據已改變預測，預計年內將降息 25/50 個基點，預計將在第三季進行首次降息，並可能在年底進行第二次降息。

Greco highlighted that the continued presence of inflation levels surpassing central banks' targets might result in a prolonged period of tighter monetary policy, contributing to short-term challenges faced by risk-on assets as investors realign their portfolios.

格列柯強調，通膨水準持續超過央行目標可能會導致貨幣政策長期收緊，隨著投資人重新調整投資組合，風險資產將面臨短期挑戰。

Digital Asset Investment Trends: Bitcoin Outflows, Short-Bitcoin Inflows

數位資產投資趨勢：比特幣流出，空頭比特幣流入

Digital asset investment products witnessed minor outflows amounting to $126 million in the past week, with Bitcoin experiencing outflows of $110 million but maintaining positive inflows of $555 million month-to-date. Short-bitcoin, which had been witnessing outflows for the past three weeks, saw minor inflows of $1.7 million, likely capitalizing on the recent price weakness.

過去一周，數位資產投資產品出現小幅流出，金額為 1.26 億美元，其中比特幣流出 1.1 億美元，但本月迄今仍維持 5.55 億美元的正流入。過去三週一直出現資金外流的比特幣空頭流入量為 170 萬美元，可能是利用了近期價格疲軟的機會。

Conclusion: Bitcoin's Resilience and Long-Term Potential Remain Unquestioned

結論：比特幣的彈性和長期潛力仍毋庸置疑

Despite recent market fluctuations and geopolitical headwinds, Bitcoin has demonstrated remarkable resilience and continued to maintain its dominance in the digital asset market. The asset's strong fundamentals, including its limited supply, decentralized nature, and increasing institutional adoption, suggest that its long-term potential remains unquestioned. While short-term volatility is an inherent characteristic of the crypto market, Bitcoin's resilience and long-term value proposition make it an attractive investment for those seeking exposure to a transformative asset class.

儘管近期出現市場波動和地緣政治逆風，比特幣仍展現了非凡的韌性，並繼續保持在數位資產市場的主導地位。該資產強大的基本面，包括其有限的供應、去中心化的性質以及不斷增加的機構採用，表明其長期潛力仍然不容置疑。雖然短期波動是加密貨幣市場的固有特徵，但比特幣的彈性和長期價值主張使其成為那些尋求變革性資產類別的投資者的有吸引力的投資。