貝萊德比特幣 ETF (IBIT) 交易量飆升至 $3.3B，顯示機構需求強勁

比特幣交易所交易基金 (ETF) 之間的競爭持續升溫，貝萊德比特幣 ETF (IBIT) 的交易量達到令人印象深刻的 33 億美元，創下六個月來的最高水平。

BlackRock’s Bitcoin exchange-traded fund (ETF) has seen a remarkable surge in trading volume, reaching a high of $3.3 billion on Tuesday, according to Bloomberg ETF strategist Eric Balchunas. This surge comes amid a broader increase in institutional demand for Bitcoin, with a total of nearly $870 million flowing into U.S. Bitcoin ETFs on Tuesday.

彭博社 ETF 策略師 Eric Balchunas 表示，貝萊德 (BlackRock) 的比特幣交易所交易基金 (ETF) 交易量顯著激增，週二達到 33 億美元的高位。這一激增是由於機構對比特幣的需求更廣泛增加，週二共有近 8.7 億美元流入美國比特幣 ETF。

BlackRock’s IBIT Surges Past $3 Billion in Trading Volume

貝萊德 IBIT 交易量突破 30 億美元

BlackRock’s Bitcoin ETF, ticker IBIT, has been a standout performer, capturing the attention of both market strategists and investors. As noted by Balchunas, Tuesday’s record-breaking $3.3 billion trading volume on IBIT reflects a shift in institutions ramping up their Bitcoin allocations, potentially as a hedge amid macroeconomic uncertainty.

貝萊德的比特幣 ETF（股票代碼 IBIT）一直表現出色，吸引了市場策略師和投資者的注意。正如 Balchunas 所指出的，週二 IBIT 交易量破紀錄的 33 億美元反映了機構加大比特幣匹配的轉變，這可能是宏觀經濟不確定性下的對沖。

Typically, such high ETF activity is seen during bear rallies, whereas bull rallies tend to see lower levels of ETF activity. However, in the current bull market rally, FOMO is driving a surge in institutional interest, especially as Bitcoin’s price gains add urgency for investors to capitalize on the opportunity to maximize their returns.

通常，如此高的 ETF 活動出現在熊市反彈期間，而牛市反彈期間 ETF 活動水平往往較低。然而，在當前的多頭反彈中，「錯失恐懼症」正在推動機構興趣激增，特別是當比特幣價格上漲增加了投資者利用這一機會實現最大回報的緊迫性時。

Institutional FOMO Pushes Bitcoin ETF Inflows to New Highs

機構 FOMO 推動比特幣 ETF 流入量創新高

Other Bitcoin ETFs also saw a strong uptick in trading volumes, further highlighting the widespread FOMO among institutional investors. With BlackRock’s IBIT now closing in on $25 billion in net inflows since its inception, its market dominance has more than doubled compared to its nearest competitor, Fidelity’s FBTC, which has seen about $11 billion in inflows.

其他比特幣 ETF 的交易量也大幅上升，進一步凸顯了機構投資者普遍存在的 FOMO 情緒。自成立以來，貝萊德的IBIT 目前已接近250 億美元的淨流入，其市場主導地位比其最接近的競爭對手富達(Fidelity) 的FBTC 增加了一倍多，後者的資金​​流入約為110 億美元。

Together, IBIT and FBTC now account for over 90% of the total inflows into Bitcoin ETFs this year, underscoring the strong institutional preference for these two funds. As Bitcoin’s price continues to rally, analysts are watching closely to see if retail FOMO will follow the institutional wave, potentially propelling Bitcoin into a new price range.

IBIT 和 FBTC 目前佔今年比特幣 ETF 總流入的 90% 以上，凸顯了機構對這兩檔基金的強烈偏好。隨著比特幣價格持續上漲，分析師正在密切關注散戶 FOMO 是否會追隨機構浪潮，可能會推動比特幣進入新的價格區間。

Retail Investors Yet to Join the Bitcoin Rally, But…

散戶尚未加入比特幣漲勢，但是…

While institutions have been the primary drivers of recent inflows, retail interest is still lagging, according to crypto analyst Miles Deutscher. He points out that, in Bitcoin’s previous bull cycles, retail participation played a pivotal role in pushing prices to record highs, with large investors and Bitcoin whales typically stepping in later.

加密貨幣分析師 Miles Deutscher 表示，雖然機構一直是近期資金流入的主要動力，但散戶興趣仍落後。他指出，在比特幣之前的多頭週期中，散戶參與在推動價格創下歷史新高方面發揮了關鍵作用，大型投資者和比特幣鯨魚通常會在稍後介入。

Currently, the large investors are influencing the price action, but a surge in retail participation could take Bitcoin to levels exceeding $100,000, according to Deutscher. Bullish Indicators Signal Potential All-Time High

Deutscher 表示，目前，大型投資者正在影響價格走勢，但散戶參與的激增可能會將比特幣推向超過 10 萬美元的水平。看漲指標預示著創歷史新高的潛力

One key metric that supports the bullish sentiment is the Bitcoin MVRV ratio, which compares the current price to the average price at which coins were last moved. This ratio has crossed its 365-day moving average, signaling a “golden cross” that often precedes bull rallies.

支持看漲情緒的關鍵指標是比特幣 MVRV 比率，該比率將當前價格與代幣上次移動的平均價格進行比較。該比率已突破 365 天移動平均線，標誌著牛市反彈之前經常出現的「黃金十字」。

This, combined with the strong ETF inflows, adds weight to predictions of an extended rally. If retail demand follows the current trend, Bitcoin could see a sustained climb, setting the stage for a potential all-time high. The convergence of whale accumulation, ETF inflows, and macroeconomic factors—such as the U.S. Federal Reserve’s anticipated rate cut—may contribute to Bitcoin’s upward trajectory in the coming months.

再加上 ETF 資金的強勁流入，增加了對股市持續上漲的預測。如果零售需求遵循當前趨勢，比特幣可能會持續攀升，為潛在的歷史新高奠定基礎。鯨魚累積、ETF 流入和宏觀經濟因素（例如聯準會預期降息）的融合可能會推動比特幣在未來幾個月的上漲軌跡。