比特幣表現出一定的彈性

比特幣顯示出一種韌性水平，使許多市場觀察家感到驚訝，尤其是面對更廣泛的市場拋售。

Bitcoin has shown a level of resilience that has surprised many market observers, particularly in the face of broader market sell-offs.

比特幣顯示出一種韌性水平，使許多市場觀察家感到驚訝，尤其是面對更廣泛的市場拋售。

Analysts are now suggesting that Bitcoin might be in the process of decoupling from traditional risk assets, such as stocks and gold. The current economic climate, coupled with Bitcoin’s ability to maintain its value while traditional markets experience significant turmoil, is giving rise to the possibility of Bitcoin emerging as a store of value, similar to gold.

分析師現在暗示比特幣可能正在與傳統風險資產（例如股票和黃金）解耦。當前的經濟環境，再加上比特幣保持其價值的能力，而傳統市場經歷了嚴重的動盪，這使得比特幣將比特幣作為價值儲存的可能性，類似於黃金。

On April 3, the U.S. stock market experienced one of its worst sell-offs in years, with investors pulling out $2.85 trillion from the market, largely due to President Donald Trump’s statement of a tariff hike.

4月3日，美國股市經歷了多年來最糟糕的售罄之一，投資者從市場上撤出了2.8.5萬億美元，這在很大程度上是由於唐納德·特朗普總統對關稅加息的聲明。

This was followed by another $1.5 trillion in withdrawals on April 4, making for a brutal two-day period for the broader financial market.

隨後，4月4日的撤軍又有1.5萬億美元，這使得更廣泛的金融市場為期兩天。

However, during this time, Bitcoin and the broader crypto market showed remarkable resilience. Despite the massive outflows from traditional markets, $5.4 billion flowed into the cryptocurrency sector on April 4.

但是，在這段時間裡，比特幣和更廣泛的加密貨幣市場表現出顯著的彈性。儘管傳統市場流出了大量流出，但4月4日，54億美元流入了加密貨幣行業。

This marked a significant shift in sentiment among global investors, with Bitcoin leading the trend as it managed to hold its ground, trading above the $80,000 mark despite the negative movements in traditional risk assets.

這標誌著全球投資者的情緒發生了重大轉變，儘管傳統風險資產的負面變動，但比特幣設法持有其地面，比特幣領先於80,000美元。

Interestingly, even gold, often viewed as a traditional safe haven, saw a sharp drop after reaching an all-time high of $3,167 on April 3. By April 4, gold had fallen to just below $3,000.

有趣的是，即使黃金也經常被視為傳統的避風港，在4月3日達到3,167美元的歷史最高水平後，出現了急劇下降。到4月4日，黃金跌至3,000美元以下。

The resilience of Bitcoin, in contrast to the decline of gold and the broader market turmoil, has led many analysts to reconsider Bitcoin’s role in the market.

比特幣的彈性與黃金的下降和更廣泛的市場動盪相比，許多分析師重新考慮了比特幣在市場上的作用。

Traditionally seen as a highly volatile asset, Bitcoin may now be positioning itself as a store of value, an aspect that is often associated with precious metals like gold.

傳統上，比特幣現在被視為一種高度揮發性的資產，現在可能將自己定位為價值存儲，這通常與黃金等貴金屬有關。

“It’s truly shocking to see Bitcoin holding up so well today given the massive sell-off in equities,” remarked Bloomberg ETF analyst James Seyffart.

彭博ETF分析師詹姆斯·塞法特（James Seyffart）說：“鑑於股票的大量拋售，今天看到比特幣堅持得很好，真是令人震驚。”

For the first time in months, Bitcoin showed the potential to move independently from traditional risk assets, which had lost a combined $4.34 trillion in value over two days.

比特幣這是幾個月來的第一次，有可能獨立於傳統風險資產行駛，而傳統風險資產在兩天內損失了4.34萬億美元的總價值。

Adam Back, co-founder of Blockstream, went a step further, suggesting that Bitcoin might finally be decoupling from traditional financial markets.

Blockstream的聯合創始人Adam Back邁出了一步，這表明比特幣最終可能與傳統金融市場取消。

This shift could have significant implications for the future of Bitcoin, especially as it moves closer to being considered a store of value like gold.

這種轉變可能會對比特幣的未來產生重大影響，尤其是因為它更接近被認為是黃金之類的價值存儲。

In traditional markets, the correlation between Bitcoin and stocks has relatively high, with Bitcoin often mirroring the movements of the broader market. However, the events of April suggest that this may no longer be the case.

在傳統市場中，比特幣與股票之間的相關性相對較高，比特幣通常反映出更廣泛的市場的運動。但是，四月的事件表明情況不再是這種情況。

Bitcoin’s performance above $80,000 during a time of severe market stress could indicate that the cryptocurrency is maturing and gaining strength as an independent asset class.

在嚴重的市場壓力期間，比特幣的績效超過80,000美元，可能表明加密貨幣正在成熟，並隨著獨立資產類別而獲得實力。

Part of Bitcoin’s recent strength can be attributed to continued demand from institutional players. Companies like MicroStrategy (NASDAQ:MSTR) and Marathon Digital (NASDAQ:MARA) have been ramping up their Bitcoin purchases, and most recently, GameStop (NYSE:GME) declared that it would adopt Bitcoin as its primary treasury asset.

比特幣最近實力的一部分可以歸因於機構參與者的持續需求。像MicroStrategy（NASDAQ：MSTR）和Marathon Digital（NASDAQ：MARA）這樣的公司一直在增加其比特幣購買，最近，GameStop（NYSE：GME）宣布它將採用比特幣作為其主要國庫券。

GameStop also revealed plans to raise $1.3 billion to buy more Bitcoin. Analysts believe that the influx of institutional demand is helping Bitcoin hold its value during times of volatility in traditional markets.

Gamestop還揭示了籌集13億美元購買更多比特幣的計劃。分析人士認為，機構需求的湧入正在幫助比特幣在傳統市場波動率時具有其價值。

At the time of writing, Bitcoin is trading at $83,338, up 1.2% over the past week. This relatively stable performance amidst broader market chaos highlights Bitcoin’s emerging maturity.

在撰寫本文時，比特幣的交易價格為83,338美元，比過去一周增長了1.2％。在更廣泛的市場混亂中，這種相對穩定的表現突出了比特幣的新興成熟度。

As Bitcoin becomes more entrenched in institutional portfolios, its role as a potential store of value will only become more pronounced.

隨著比特幣在機構投資組合中變得更加根深蒂固，其作為潛在價值存儲的作用只會變得更加明顯。