在 ETF 流入的推動下，比特幣價格飆升至 70,000 美元以上

本週，比特幣在日本的價格繼續上漲，達到 1,060 萬日圓（7 萬美元）左右。受Coinbase股價飆漲影響，BTC週末突破1,000萬日圓。然而，由於 SEC 和 Coinbase 之間的訴訟，漲幅在 71,000 美元附近停滯。 BTC 的跌幅受到美股飆升和資金流入貝萊德 IBIT 的限制。儘管美國實體比特幣 ETF 出現淨流入，但在 2 月美國 PCE 價格指數公佈之前，市場仍保持謹慎態度，該指數可能決定 BTC 的近期走向。

Bitcoin Price Soars to $70,000 Mark, Boosted by US Spot ETF Inflows

受美國現貨 ETF 流入提振，比特幣價格飆升至 7 萬美元大關

The Bitcoin market has witnessed a surge in prices this week, with the leading cryptocurrency hovering around the $70,000 level, equivalent to approximately 10.6 million yen. This bullish momentum has been driven by a combination of factors, including positive developments in the United States spot exchange-traded funds (ETFs) and the broader financial market.

本週，比特幣市場價格飆升，主要加密貨幣徘徊在 7 萬美元左右，相當於約 1,060 萬日圓。這種看漲勢頭是由多種因素推動的，包括美國現貨交易所交易基金（ETF）和更廣泛的金融市場的積極發展。

On-Chain Data Sheds Light on Market Sentiment

鏈上數據揭示市場情緒

On-chain data provides valuable insights into the underlying dynamics of the Bitcoin network. The number of BTC transactions and active addresses has remained relatively stable over the past week, indicating a steady level of network activity. Furthermore, the flow of funds into US spot Bitcoin ETFs has turned positive, signaling a renewed interest in digital assets among institutional investors.

鏈上數據為比特幣網路的底層動態提供了寶貴的見解。過去一周，BTC 交易和活躍地址數量保持相對穩定，顯示網路活動水準穩定。此外，流入美國現貨比特幣 ETF 的資金已轉為正值，表明機構投資者對數位資產重新產生了興趣。

Bitbank Analyst Deciphers Market Outlook

Bitbank 分析師解讀市場前景

Bitbank analyst Tomoya Hasegawa offers his expert insights into the Bitcoin market outlook:

Bitbank 分析師 Tomoya Hasekawa 提供了他對比特幣市場前景的專業見解：

"The Bitcoin price has maintained its upward trajectory this week, reaching the $70,000 milestone. The resurgence of inflows into US spot Bitcoin ETFs has played a significant role in this momentum. However, the market remains cautious ahead of the release of the February US personal consumption expenditure (PCE) price index, which is likely to impact the near-term direction of the market."

「比特幣價格本周保持上漲軌跡，達到了70,000 美元的里程碑。流入美國現貨比特幣ETF 的複蘇在這一勢頭中發揮了重要作用。不過，在2 月份美國個人數據發布之前，市場仍保持謹慎態度消費支出（PCE）物價指數，這可能會影響市場的近期方向。

US PCE Price Index Looms Large

美國PCE物價指數顯著上升

The release of the US PCE price index on March 29th is a highly anticipated event that could shape the market sentiment. The index is a measure of inflation, and a stronger-than-expected reading could raise concerns about the Federal Reserve's potential tightening of monetary policy. This could lead to a pullback in risk assets, including Bitcoin.

3 月 29 日公佈的美國 PCE 物價指數是備受期待的事件，可能會影響市場情緒。該指數是衡量通膨的指標，強於預期的數據可能會引發人們對聯準會可能收緊貨幣政策的擔憂。這可能導致包括比特幣在內的風險資產回落。

CME Futures Window Suggests Potential Pullback

芝商所期貨窗口顯示潛在回調

The Chicago Mercantile Exchange (CME) futures market provides insights into market expectations for future price movements. The window that opened at the beginning of this week has not yet been filled, indicating a potential for the Bitcoin price to retreat. If the PCE price index exceeds expectations, this could accelerate the downward move.

芝加哥商品交易所 (CME) 期貨市場提供了有關市場對未來價格變動的預期的見解。本周初打開的窗口尚未填滿，這表明比特幣價格有可能回落。如果PCE價格指數超出預期，可能會加速下行。

All-Time High Within Reach

歷史新高觸手可及

However, a softer-than-expected PCE reading could boost the Bitcoin price and open up the possibility of testing the all-time high of $74,000. The market's direction in the coming week will be heavily influenced by the outcome of this key economic data release.

然而，低於預期的 PCE 數據可能會提振比特幣價格，並有可能測試 74,000 美元的歷史高點。未來一周市場的走向將在很大程度上受到這項關鍵經濟數據發布結果的影響。

Contributor Profile: Tomoya Hasegawa

貢獻者簡介：長谷川智也

Tomoya Hasegawa, a market analyst at Bitbank Co., Ltd., holds a degree from a British graduate school. He brings a wealth of experience in the FinTech industry and virtual currency market. Hasegawa has provided commentary to leading domestic financial media and contributed to numerous international publications.

長谷川智也 (Tomoya Hasekawa) 是 Bitbank 有限公司的市場分析師，擁有英國研究生院的學位。他在金融科技業和虛擬貨幣市場擁有豐富的經驗。長谷川曾為國內領先的財經媒體提供評論，並為許多國際出版物做出貢獻。

Conclusion

結論

The Bitcoin market remains in a delicate balance, poised between the potential for further gains and the risk of a pullback. The release of the US PCE price index on March 29th will be a pivotal event that could determine the direction of the market in the short term. Investors are advised to monitor the situation closely and adjust their strategies accordingly.

比特幣市場仍然保持著微妙的平衡，介於進一步上漲的潛力和回調的風險之間。 3月29日公佈的美國PCE物價指數將是決定短期市場走向的關鍵事件。建議投資者密切關注事態發展並相應調整策略。