由於 ETF 需求下滑，比特幣將迎來 2024 年最糟糕的一周之一

Bitcoin has peeled back more than 10% from its all-time high as the appetite for fledgling spot Bitcoin exchange-traded funds moderates. JPMorgan Chase and Co. strategists warned the retreat has room to run.The group of 10 spot Bitcoin ETFs just notched its biggest three-day outflow since the products debuted on January 11. Meanwhile, the world’s largest cryptocurrency is set for one of its worst weeks of the year after a 4% retreat. The token changed hands at $65,415 as of 6:57 AM on Friday in Singapore.Bitcoin “still looks overbought,” JPMorgan strategists said, renewing a February call for further declines leading up to April’s highly-anticipated halving event, which will lower the supply of newly minted Bitcoin from miners.Sustained open interest in CME Bitcoin futures along with declining ETF flows are significant bearish signals for the price of Bitcoin, the strategists led by Nikolaos Panigirtzoglou wrote in a note Thursday.“The pace of net inflows into spot Bitcoin ETFs has slowed markedly, with the past week seeing a significant outflow,” the strategists wrote. “This challenges the notion that the spot Bitcoin ETF flow picture is going to be characterized as a sustained one-way net inflow. As we approach the halving event this profit taking is more likely to continue, particularly against a positioning backdrop that still looks overbought despite the past week’s correction.”Last month, the bank predicted that the price of Bitcoin will drift down toward $42,000 after April as “Bitcoin-halving-induced euphoria subsides.”Despite Bitcoin setting a record of almost $73,798 on March 14, enthusiasm among retail traders may be waning, according to Naeem Aslam, chief investment officer at Zaye Capital Markets.“The fact that the rally didn’t really take off from the all-time high like before made many question the strength of the rally,” Aslam said. “The halving is almost here and if this event fails to really keep the momentum going, then it means that we are going to face serious retracement, which means that the price could fall below $50,000.”

隨著對新興現貨比特幣交易所交易基金的興趣減弱，比特幣已從歷史高點回落超過 10%。摩根大通策略師警告稱，比特幣仍有回落的空間。這組10 只現貨比特幣ETF 剛剛創下自1 月11 日產品推出以來最大的三日流出量。與此同時，全球最大的加密貨幣即將迎來最糟糕的時期之一4% 的回落後，一年中的幾週。截至週五上午6:57，該代幣在新加坡易手價格為65,415 美元。摩根大通策略師表示，比特幣“看起來仍然超買”，並重申了2 月份的呼籲，即在4 月份備受期待在的減半事件之前，比特幣將進一步下跌，這將降低供應量Nikolaos Panigirtzoglou 領導的策略師在周四的一份報告中寫道，CME 比特幣期貨的持續未平倉合約以及ETF 流量的下降是比特幣價格的重大看跌訊號。 ETF 的成長明顯放緩，過去一周出現了大幅資金外流，」策略師寫道。 「這對現貨比特幣 ETF 流量圖將被描述為持續單向淨流入的觀念提出了挑戰。隨著減半事件的臨近，這種獲利回吐更有可能繼續下去，特別是在儘管過去一周進行調整但看起來仍然超買的定位背景下。」上個月，該銀行預測4 月份後比特幣價格將跌向42,000 美元，因為Zaye Capital Markets 首席投資官納伊姆·阿斯拉姆(Naeem Aslam) 表示，儘管比特幣在3 月14 日創下了近73,798 美元的紀錄，但散戶交易者的熱情可能正在減弱。阿斯拉姆表示，並沒有像之前那樣真正從歷史高點起飛，這讓許多人質疑反彈的強度。 「減半即將到來，如果這一事件未能真正保持勢頭，那麼就意味著我們將面臨嚴重的回調，這意味著價格可能會跌破 50,000 美元。”