復活節後拋售中比特幣暴跌超過 5%

繼 4 月 1 日試圖奪回 68,000 美元支撐位失敗後，比特幣 (BTC) 暴跌 5.38% 至 66,700 美元，自第二季度初以來的跌幅擴大至 6.3%。比特幣 ETF（尤其是 Grayscale 的 GBTC）的機構資金外流導致了價格下跌。 QCP Capital 等做市商警告稱，加密選擇權市場上看漲期權賣出和看跌期權買入增加將帶來下行壓力。幣安等交易所的大量清算也推動了拋售，永續合約融資利率從 77% 降至零。

Bitcoin Price Plunges Over 5% Following Easter Weekend Sell-Off

復活節週末拋售後比特幣價格暴跌超過 5%

After a brief attempt to reclaim the $68,000 support level on April 1, Bitcoin (BTC) encountered a dramatic reversal, tumbling below $68,000 and experiencing a sharp 5.38% decline. At the time of this report, BTC is trading at $66,700, marking a 6.3% decrease since the commencement of Q2.

比特幣（BTC）在4月1日短暫嘗試收復68,000美元支撐位後，遭遇戲劇性逆轉，跌破68,000美元，暴跌5.38%。截至本報告發佈時，BTC 交易價格為 66,700 美元，自第二季開始以來下跌了 6.3%。

This significant price drop coincides with continued institutional outflows from spot Bitcoin exchange-traded funds (ETFs) in the aftermath of the extended Easter weekend. Grayscale Bitcoin Trust (GBTC) witnessed outflows amounting to $302.6 million on April 1, eclipsing the combined inflows of $209.9 million from BlackRock's IBIT and Fidelity's FBTC. Consequently, the net outflow stands at $85.7 million.

此次價格大幅下跌恰逢復活節週末延長後機構資金持續從現貨比特幣交易所交易基金（ETF）流出。 4 月 1 日，灰階比特幣信託 (GBTC) 的資金流出金額達到 3.026 億美元，超過了貝萊德 (BlackRock) 的 IBIT 和富達 (Fidelity) 的 FBTC 2.099 億美元的流入總和。因此，淨流出為 8570 萬美元。

QCP Capital, a reputable trading firm and market maker based in Singapore, has cautioned regarding intensifying downward pressure across cryptocurrency spot markets in its recent "Asia Morning Color" Telegram update. The firm attributes this trend to early indications provided by the crypto options market, where elevated activity in selling calls and purchasing puts for both BTC and ETH has exacerbated spot price declines.

總部位於新加坡的知名交易公司和做市商 QCP Capital 在其最近的「亞洲晨報」Telegram 更新中就加密貨幣現貨市場下行壓力加劇發出警告。該公司將這一趨勢歸因於加密貨幣選擇權市場提供的早期跡象，其中 BTC 和 ETH 賣出看漲期權和買入看跌期權的活動增加，加劇了現貨價格下跌。

QCP Capital further emphasizes that the precipitous sell-off in BTC and other cryptocurrencies stems from substantial liquidations on exchanges such as Binance. Perpetual contracts funding rates have plummeted from a peak of 77% to flat, reflecting a reversal of market sentiment.

QCP Capital 進一步強調，BTC 和其他加密貨幣的急劇拋售源自於幣安等交易所的大量清算。永續合約融資利率已從 77% 的峰值暴跌至持平，反映出市場情緒的逆轉。

Analysis of exchange order book liquidity on Binance by Material Indicators paints a concerning picture for BTC's price trajectory in the lead-up to the upcoming Bitcoin halving. The firm notes an increase in bid liquidity around $60,000, implying that "smart money" has positioned bids as low as $62,000.

Material Indicators 對幣安交易所訂單簿流動性的分析描繪了一幅關於即將到來的比特幣減半之前的 BTC 價格軌蹟的令人擔憂的圖景。該公司指出，出價流動性增加了約 6 萬美元，這意味著「聰明的資金」將出價定為低至 62,000 美元。

These developments underscore the precarious state of the Bitcoin market, which has been grappling with a confluence of factors, including institutional outflows, market volatility, and the looming halving event. Investors should exercise caution and monitor the situation closely as the price of Bitcoin navigates this period of uncertainty.

這些事態發展凸顯了比特幣市場的不穩定狀態，該市場一直在努力應對多種因素，包括機構資金外流、市場波動和迫在眉睫的減半事件。隨著比特幣價格度過這段不確定時期，投資者應保持謹慎並密切關注局勢。