比特幣飆升至 7 萬美元以上，增加了持續復甦的希望

Is the Bitcoin Recovery for Real?

比特幣復甦是真的嗎？

Bitcoin enthusiasts seem to be taking last week's ETF outflows in stride, with the leading cryptocurrency climbing back above $70,000 once more. Cryptocurrencies broadly rallied on Monday, with Bitcoin leading the charge, gaining 7.1% to hit $70,816. It's the first time Bitcoin has surpassed $70,000 in over a week. Ether rose 6%, while Solana and Dogecoin gained over 4%.

比特幣愛好者似乎對上週的 ETF 資金流出泰然自若，領先的加密貨幣再次攀升至 7 萬美元以上。週一，加密貨幣普遍上漲，其中比特幣領漲，上漲 7.1%，觸及 70,816 美元。這是比特幣一周多來首次突破 7 萬美元。以太幣上漲 6%，而 Solana 和狗狗幣上漲超過 4%。

What Fueled the Recovery?

是什麼推動了復甦？

Despite the recent ETF outflows, bid orders are accumulating around the $60,000 level, indicating that buyers are eager to take advantage of any dips, according to Nathanaël Cohen, co-founder of the digital-asset hedge fund INDIGO Fund.

數位資產對沖基金 INDIGO Fund 聯合創始人納撒納爾·科恩 (Nathanaël Cohen) 表示，儘管近期 ETF 資金流出，但買入訂單仍在 60,000 美元左右累積，這表明買家渴望利用任何下跌機會。

ETF Pullback: A Cause for Concern?

ETF 回調：令人擔憂的原因？

Last week's outflows from Bitcoin ETFs, totaling nearly $900 million, were significant. This reflects ongoing withdrawals from the Grayscale Bitcoin Trust and reduced subscriptions to offerings from BlackRock Inc. and Fidelity Investment. The group of 10 funds endured one of their worst weeks since their inception in January.

上週比特幣 ETF 的資金流出規模龐大，總計近 9 億美元。這反映出灰階比特幣信託基金的持續撤資以及貝萊德公司和富達投資公司產品認購量的減少。這 10 檔基金經歷了自 1 月成立以來最糟糕的一周之一。

The Role of ETFs in Bitcoin's Rise

ETF 在比特幣崛起中的作用

ETF inflows have been a key catalyst for Bitcoin's historic rally this year, sparking optimism among a broader range of investors. However, last week's outflows triggered increased hedging among traders and liquidations in leveraged bullish bets in the crypto futures market.

ETF 流入是比特幣今年歷史性上漲的關鍵催化劑，激發了更廣泛投資者的樂觀情緒。然而，上週的資金外流引發了交易者對沖的增加以及加密貨幣期貨市場槓桿看漲押注的清算。

Crypto Stocks Ride the Wave

加密股票乘風破浪

Companies tied to cryptocurrencies also benefited from the upturn. Bitcoin proxy MicroStrategy surged 20%, crypto exchange Coinbase Global rose 9%, and miner Marathon Digital gained 5%.

與加密貨幣相關的公司也從經濟改善中受益。比特幣代理商 MicroStrategy 飆漲 20%，加密貨幣交易所 Coinbase Global 上漲 9%，礦工 Marathon Digital 則上漲 5%。

What's Next for Bitcoin?

比特幣的下一步是什麼？

While Bitcoin's recovery is encouraging, it remains to be seen whether the outflows from ETFs will continue or if they were just a blip. Traders will be watching closely to see if the renewed demand from ETFs can reignite the rally.

雖然比特幣的復甦令人鼓舞，但 ETF 的資金流出是否會持續，還是只是曇花一現，還有待觀察。交易員將密切關注 ETF 的新需求能否重燃漲勢。