比特幣飆升表明交易焦點轉向美國時區

比特幣在美國市場的主導地位從其與美國交易時間一致的明顯價格波動中可見一斑。美國比特幣交易所交易基金（ETF）的激增吸引了大量資金流入，導致流動性和波動性向美國市場轉移，在ETF資產淨值計算前後，每小時的價格差距和現貨交易量都在增加。

Bitcoin's Surge Highlights Shift in Trading Focus to US Hours

比特幣的飆升凸顯交易焦點轉向美國時間

In a notable development that has enlivened a relatively subdued Monday on Wall Street, Bitcoin has experienced a significant surge, rising by 7% to reclaim the $70,000 threshold. This latest upward movement reinforces the growing trend of pronounced Bitcoin price fluctuations occurring during US trading hours.

週一，比特幣經歷了大幅上漲，上漲 7%，重回 7 萬美元大關，這一顯著進展讓華爾街相對低迷的周一變得活躍起來。這一最新的上漲趨勢強化了美國交易時段比特幣價格明顯波動的成長趨勢。

The aforementioned pattern has been evident in previous months, notably in February when Bitcoin crossed the $60,000 mark for the first time since 2021, and in March during its ascent to a record high. Concurrently with the introduction of Bitcoin exchange-traded funds (ETFs), the trading focus has shifted to the United States. These ETFs have attracted over $11 billion in net inflows since their debut on January 11th.

上述模式在前幾個月已經很明顯，特別是 2 月份，比特幣自 2021 年以來首次突破 60,000 美元大關，以及 3 月份升至歷史新高。隨著比特幣交易所交易基金（ETF）的推出，交易焦點已轉移到美國。自 1 月 11 日推出以來，這些 ETF 已吸引超過 110 億美元的淨流入。

A metric analyzing the discrepancy between Bitcoin's hourly high and low prices reveals a wider gap in the US compared to Asia, according to research firm Kaiko. As a result, volatility has become "more concentrated during US opening hours," the firm observed.

研究公司 Kaiko 表示，分析比特幣每小時最高價和最低價之間差異的指標顯示，與亞洲相比，美國的差距更大。該公司觀察到，因此，波動性變得「在美國開盤時間內更加集中」。

BlackRock Inc. and Fidelity Investments are among the prominent financial institutions that have launched successful Bitcoin ETFs in the US, which have had a transformative impact on the structure of the crypto market. These developments have enhanced Bitcoin market liquidity while generating a surge in spot volumes around the time when ETFs determine their net asset values, typically coinciding with the close of US trading.

貝萊德 (BlackRock Inc.) 和富達投資 (Fidelity Investments) 是美國成功推出比特幣 ETF 的知名金融機構之一，對加密貨幣市場的結構產生了變革性影響。這些發展增強了比特幣市場的流動性，同時在 ETF 確定其資產淨值時（通常與美國交易收盤時）現貨交易量激增。

Notably, Asia emerged as a new focal point for digital asset markets earlier this year, coinciding with a period of heightened regulatory scrutiny in the United States. During this time, Bitcoin trading activity intensified during Asian hours.

值得注意的是，今年早些時候，亞洲成為數位資產市場的新焦點，恰逢美國加強監管審查的時期。在此期間，比特幣交易活動在亞洲時段加劇。

As of Tuesday morning, Bitcoin remained relatively stable at $70,665 in London. On Monday, the premier cryptocurrency briefly surpassed $71,000 in the US before cooling slightly to end the session with a gain of approximately 7%. Over the past year, Bitcoin has experienced a surge of 154%, approaching its mid-March peak of almost $73,798.

截至週二上午，倫敦比特幣相對穩定於 70,665 美元。週一，這種主要的加密貨幣在美國短暫突破 71,000 美元，隨後略有降溫，最終以約 7% 的漲幅收盤。在過去的一年裡，比特幣經歷了 154% 的飆升，接近 3 月中旬的峰值近 73,798 美元。