隨著拋售壓力加劇，比特幣 ETF 出現有史以來最大日流出量 6.8 億美元

聯準會大幅下調明年降息前景後，投資人感到不安，引發拋售。

Investors pulled a record amount from bitcoin exchange-traded funds on Thursday as selling pressure intensified after markets recalibrated expectations for rate cuts in 2025.

週四，隨著市場重新調整 2025 年降息預期，拋售壓力加劇，投資者從比特幣交易所交易基金中撤出的資金創下歷史新高。

Spot bitcoin ETFs saw $680 million in outflows on Thursday, the largest volume recorded in a single day, according to trading data compiled by Bloomberg.

根據彭博社彙編的交易數據，現貨比特幣 ETF 在週四流出 6.8 億美元，創單日最大成交量記錄。

Bitcoin, meanwhile, steepened its decline, with the losing another 5% to trade around $96,000 Friday morning.

與此同時，比特幣的跌幅加劇，週五上午又下跌 5%，交易價格約為 96,000 美元。

The outflows come alongside a broader sell-off in risk assets, with traders rattled midweek by the Fed's updated outlook for interest rates in 2025.

資金外流伴隨著風險資產更廣泛的拋售，周中交易員對聯準會更新的 2025 年利率前景感到不安。

The Fed's Summary of Economic Projections showed that officials now see just two quarter-point cuts in the coming year, down from four rate cuts the central bank had projected at its September meeting.

聯準會的經濟預測摘要顯示，官員目前認為未來一年僅降息兩次四分之一，低於央行在 9 月會議上預計的四次降息。

Popular spot bitcoin ETFs, like Grayscale's Bitcoin Trust ETF and Bitwise's Bitcoin ETF, have dropped around 8% from the open on Wednesday, the day Fed officials released their new rates guidance.

聯準會官員發布新利率指引的當天，Grayscale 的比特幣信託 ETF 和 Bitwise 的比特幣 ETF 等熱門現貨比特幣 ETF 較週三開盤下跌約 8%。

Bitcoin, meanwhile, has lost about 9% in that time. The crypto dropped below $100,000 on Thursday after climbing to a record above $108,000 earlier this week.

與此同時，比特幣在那段時間下跌了約 9%。該加密貨幣在本週早些時候攀升至 108,000 美元以上的歷史紀錄後，週四跌破 10 萬美元。

While markets broadly are feeling bearish after the Fed meeting, the crypto plunge could also be due to seasonal profit taking. Institutional investors are likely cashing in some of the stellar gains bitcoin has notched this year. Even after this week's sharp slide, the top token is up more than 125% year-to-date.

儘管聯準會會議後市場普遍感到悲觀，但加密貨幣暴跌也可能是由於季節性獲利了結所致。機構投資者可能會兌現比特幣今年取得的一些顯著收益。即使在本周大幅下跌之後，今年迄今，頂級代幣的漲幅仍超過 125%。

However, the selling could add more pressure to the market, Joseph Dahrieh, managing principal at the online broker Tickmill, said.

然而，線上經紀商 Tickmill 的管理負責人 Joseph Dahrieh 表示，拋售可能會給市場帶來更多壓力。

"This decline could weigh strongly on the cryptocurrency and broader market sentiment, particularly as Bitcoin fell below the USD 100,000 mark, indicating potential short-term volatility and downside risks," Dahrieh said in a note Friday morning.

Dahrieh 在周五上午的一份報告中表示：「這種下跌可能會對加密貨幣和更廣泛的市場情緒造成嚴重影響，特別是當比特幣跌破10 萬美元大關時，這表明潛在的短期波動和下行風險。

"This bearish movement was driven by massive liquidations, totaling over USD $240 million in long and short positions within 24 hours," Antonio Di Giacomo, a senior market analyst at XS.com, said in a separate note. "The Federal Reserve's cautious stance in signaling fewer cuts for 2025 created an atmosphere of doubt and speculation."

XS.com 高級市場分析師 Antonio Di Giacomo 在另一份報告中表示，“這種看跌走勢是由大規模平倉推動的，24 小時內多頭和空頭頭寸總計超過 2.4 億美元。” “美聯儲在暗示 2025 年將減少降息方面的謹慎立場造成了懷疑和猜測的氣氛。”

The sell-off in crypto could continue over the near term, according to Alex Kuptsikevich, the chief market analyst at FxPro. He speculated that the total market cap of crypto could drop below $3 trillion, down from a peak of $3.7 trillion earlier this month, according to CoinMarketCap data.

FxPro 首席市場分析師 Alex Kuptsikevich 表示，短期內加密貨幣的拋售可能會持續。根據 CoinMarketCap 數據，他推測加密貨幣總市值可能會跌至 3 兆美元以下，低於本月稍早 3.7 兆美元的峰值。

"A failure below $94.5K would signal a break of the uptrend of the last six weeks, while a fall below $92K on Friday or below $93K by the end of the week would bring the price under the 50-day moving average. In this case, time is playing on the side of the bears," he said.

「跌破 9.45 萬美元將標誌著過去六週上漲趨勢的突破，而周五跌破 9.2 萬美元或本週末跌破 9.3 萬美元將使價格低於 50 日移動平均線。在這種情況下，時間對空頭有利，」他說。