比特幣擔憂和山寨幣大放異彩，加密貨幣外流加劇

在市場不確定性的情況下，加密貨幣投資產品流出了 2.06 億美元，其中比特幣 [BTC] 占主導地位，達 1.92 億美元，以太坊 [ETH] 達 3,420 萬美元。然而，萊特幣 [LTC] 和 Chainlink [LINK] 憑藉大量資金流入脫穎而出，這可能是由於它們最近的價格表現和圍繞利率的猜測所推動的。

Crypto Investment Products Witness Outflows Amidst Concerns and Altcoin Performance

加密投資產品在擔憂和山寨幣表現中見證資金外流

The cryptocurrency market experienced a significant outflow of $206 million from investment products last week, according to a report by CoinShares. This outflow was primarily driven by Bitcoin [BTC] and Ethereum [ETH], with outflows amounting to $192 million and $34.2 million, respectively.

根據 CoinShares 的一份報告，加密貨幣市場上週投資產品大幅流出 2.06 億美元。這一流出主要由比特幣 [BTC] 和以太坊 [ETH] 推動，流出金額分別為 1.92 億美元和 3,420 萬美元。

However, amidst this overall outflow, certain altcoins, including Litecoin [LTC] and Chainlink [LINK], registered substantial inflows during the same period. Litecoin experienced an inflow of $3.2 million, while Chainlink saw an inflow of $1.7 million.

然而，在整體資金流出的同時，某些山寨幣，包括萊特幣 [LTC] 和 Chainlink [LINK]，在同一時期出現了大量流入。萊特幣的流入量為 320 萬美元，而 Chainlink 的流入量為 170 萬美元。

Investors Express Concerns over Bitcoin's Future

投資者對比特幣的未來表示擔憂

CoinShares' analysis points to concerns among investors about the potential impact of Bitcoin's fourth halving, which occurred on April 19th, on miners. The halving event, which reduces the rewards miners receive for processing transactions by half, has raised concerns about the profitability of mining operations.

CoinShares 的分析指出，投資者擔心 4 月 19 日發生的比特幣第四次減半對礦商的潛在影響。減半事件使礦工處理交易獲得的獎勵減少了一半，引發了人們對挖礦業務獲利能力的擔憂。

This apprehension has led investors to adopt a cautious approach, opting to stay away from BTC and potentially return once market conditions stabilize. Recent reports have indicated that miners have been selling off their BTC holdings in response to the reduced rewards.

這種擔憂導致投資者採取謹慎態度，選擇遠離比特幣，並可能在市場狀況穩定後回歸。最近的報告表明，為了應對獎勵減少，礦工們一直在拋售他們持有的比特幣。

Interest Rates and Altcoin Performance

利率和山寨幣表現

Another factor contributing to the outflows from Bitcoin and the inflows into Litecoin and Chainlink is speculation surrounding interest rates. Anticipations that the Federal Reserve will maintain high interest rates for an extended period have dampened investor appetite for riskier assets, such as cryptocurrencies.

導致比特幣流出以及萊特幣和 Chainlink 流入的另一個因素是圍繞利率的投機。對聯準會將長期維持高利率的預期抑制了投資者對加密貨幣等風險資產的興趣。

CoinShares notes that "the data suggests appetite from ETP/ETF investors continues to wane, likely off the back of expectations that the FED is likely to keep interest rates at these high levels for longer than expected."

CoinShares 指出，“數據表明 ETP/ETF 投資者的興趣繼續減弱，這可能是由於人們預期聯準會可能將利率維持在高水準的時間比預期更長。”

Price Performance and Volume Trends

價格表現和數量趨勢

Litecoin and Chainlink's price performance may have also played a role in attracting inflows. At the time of writing, LTC traded at $84.89, marking a 3.97% increase over the past seven days. LINK exhibited a similar trend, with its price rising by 6.18%.

萊特幣和 Chainlink 的價格表現也可能在吸引資金流入方面發揮了作用。截至撰寫本文時，LTC 交易價格為 84.89 美元，過去 7 天上漲 3.97%。 LINK也表現出類似的趨勢，其價格上漲了6.18%。

However, both LTC and Chainlink experienced declines in trading volume compared to their levels a week ago. While LINK's volume has shown slight increases in the past 24 hours, LTC's rising volume could potentially amplify the downtrend it has been experiencing.

然而，與一週前的水平相比，LTC 和 Chainlink 的交易量均出現下降。雖然 LINK 的交易量在過去 24 小時內略有增加，但 LTC 交易量的上升可能會放大其一直在經歷的下跌趨勢。

Miners' Shift to AI

礦工轉向人工智慧

In a related development, CoinShares predicts that Bitcoin miners may start transitioning away from BTC and towards artificial intelligence (AI) due to the reduced rewards from mining.

在相關進展中，CoinShares 預測，由於挖礦獎勵減少，比特幣礦工可能會開始從 BTC 轉向人工智慧 (AI)。

Citing the rising potential of AI in energy-secure locations, the report notes that "we expect a shift towards AI in energy-secure locations due to its potential for higher revenues, with companies like BitDigital, Hive and Hut 8 already generating income from AI."

報告引述人工智慧在能源安全地區不斷增長的潛力，指出「我們預計能源安全地區將轉向人工智慧，因為它具有增加收入的潛力，BitDigital、Hive 和 Hut 8 等公司已經從人工智慧中獲得收入」。

Implications for the Market

對市場的影響

If the current sentiment persists, BTC and ETH may continue to face disinterest from investors, while Litecoin and Chainlink could benefit from their recent price performance. The volume trends of these altcoins will be crucial in determining their future inflows and potentially offsetting the outflow trend observed in the overall market.

如果當前的情緒持續下去，BTC 和 ETH 可能會繼續面臨投資者的不感興趣，而 Litecoin 和 Chainlink 可能會從最近的價格表現中受益。這些山寨幣的數量趨勢對於確定其未來的流入並可能抵消整個市場中觀察到的流出趨勢至關重要。