隨著市場權衡聯準會、通膨和減半影響，比特幣漲勢放緩

在減半事件的預期下，比特幣價格反彈，交易價格高於關鍵水準約 70,548 美元。儘管數位資產投資產品的資金流入放緩，比特幣 ETF 的資金流出創下歷史新高，但鏈上活動卻有所下降，這表明未來該代幣的漲勢可能放緩，波動性加大。

Is Bitcoin's Rally on Pause?

比特幣漲勢暫停了嗎？

Bitcoin's upward trajectory continued on Tuesday, with a 4.5% jump to $70,548.1. The digital asset remained close to its record high set earlier this year, buoyed by anticipation of the upcoming halving event.

比特幣週二繼續上漲，上漲 4.5% 至 70,548.1 美元。由於對即將到來的減半事件的預期，該數位資產仍接近今年稍早創下的歷史新高。

Fed, Inflation Jitters Weigh on Gains

聯準會、通膨擔憂拖累漲幅

However, the token's ascent was tempered by a strengthened dollar due to anticipation of upcoming cues on U.S. inflation data and the Federal Reserve's stance.

然而，由於預期美國通膨數據和聯準會立場即將公佈，美元走強阻礙了該代幣的上漲。

Halving Event: A Shot in the Arm

減半事件：一針強心劑

Much of Bitcoin's recent momentum stems from the impending halving event, which will reduce the token's supply by 50%. The highly anticipated event is expected to occur in April.

比特幣最近的勢頭很大程度上源於即將到來的減半事件，該事件將使代幣的供應量減少 50%。這一備受期待的事件預計將在四月發生。

ETFs Witness Record Outflows

ETF見證創紀錄的資金流出

Despite Bitcoin's price surge, digital asset investment products experienced record outflows of nearly $1 billion last week, according to CoinShares. This included substantial redemptions from Grayscale Bitcoin Trust (GBTC), signaling some investor hesitation.

據 CoinShares 稱，儘管比特幣價格飆升，但上週數位資產投資產品的資金外流仍創紀錄，接近 10 億美元。其中包括灰階比特幣信託（GBTC）的大量贖回，顯示投資者有些猶豫。

On-Chain Data Reveals Sluggish Activity

鏈上數據顯示活動低迷

On-chain data from Glassnode suggests that Bitcoin blockchain activity has slowed significantly, despite the token's price rise. The firm's analysts noted that on-chain transactions were a fraction of those seen during the 2021 bull run, indicating a reluctance among major holders to part with their tokens.

Glassnode 的鏈上數據表明，儘管代幣價格上漲，但比特幣區塊鏈活動已顯著放緩。該公司的分析師指出，鏈上交易只是 2021 年牛市期間的一小部分，這表明主要持有者不願放棄其代幣。

Price Speculation Drives Rise

價格投機推動上漲

The muted on-chain activity suggests that Bitcoin's recent price action may be driven more by outside speculation than blockchain-based trading. This trend could lead to increased volatility in the weeks ahead, particularly if capital inflows diminish.

鏈上活動的低迷表明，比特幣最近的價格走勢可能更多是由外部投機而非基於區塊鏈的交易所驅動的。這種趨勢可能會導致未來幾週波動加劇，特別是在資本流入減少的情況下。

Cautious Investors Weigh Volatility

謹慎的投資者權衡波動性

The volatility associated with Bitcoin remains a primary concern for potential investors, as the token's ability to reach record highs has been matched by its propensity to shed gains equally swiftly.

與比特幣相關的波動性仍然是潛在投資者的主要擔憂，因為該代幣創下歷史新高的能力與其同樣迅速失去收益的傾向相匹配。