在市場動盪之際，加密貨幣基金連續第二週出現資金外流

過去一周，加密貨幣投資基金的資金流出總額達2.06億美元，延續了兩週的趨勢。 LINK、DOT、XRP 和 ADA 等山寨幣出現資金流入，而以太坊和比特幣產品則分別出現 3,220 萬美元和 1.9233 億美元的大幅流出。投資者興趣下降可能是由於對持續高利率的擔憂，但指標表明，由於交易所供應減少和即將到來的減半事件，比特幣價值可能會飆升。

Cryptocurrency Investment Funds Witness Second Week of Outflows Amidst Market Turmoil

市場動盪中加密貨幣投資基金連續第二週出現資金外流

The cryptocurrency market has experienced a second consecutive week of outflows, with investors withdrawing a total of $206 million from digital asset funds. However, altcoins, including Chainlink ($LINK), Polkadot ($DOT), XRP ($XRP), and Cardano ($ADA), have bucked the trend and witnessed significant inflows.

加密貨幣市場連續第二週資金流出，投資者從數位資產基金撤資總計 2.06 億美元。然而，包括 Chainlink ($LINK)、Polkadot ($DOT)、XRP ($XRP) 和 Cardano ($ADA) 在內的山寨幣卻逆勢而上，見證了大量資金流入。

Shifting Preferences Amidst Fed Interest Rate Concerns

聯準會利率擔憂中偏好的轉變

According to CoinShares' latest Digital Asset Fund Flows report, investment products offering exposure to multiple digital currencies recorded inflows of $8.55 million over the past week. Litecoin ($LTC), often dubbed the "silver to Bitcoin's gold," attracted $3.2 million of inflows.

根據 CoinShares 最新的數位資產資金流向報告，過去一周，提供多種數位貨幣投資的投資產品流入了 855 萬美元。萊特幣（$LTC）通常被稱為“比特幣黃金中的白銀”，吸引了 320 萬美元的資金流入。

Altcoins have emerged as safe havens amidst investor concerns over rising interest rates. Chainlink and Polkadot saw inflows of $1.73 million and $1.45 million, respectively, while Avalanche ($AVAX), XRP, and Algorand ($ALGO) garnered inflows of $1.43 million, $1.33 million, and $1.04 million, respectively.

在投資者對利率上升的擔憂中，山寨幣已成為避風港。 Chainlink 和 Polkadot 的資金流入分別為 173 萬美元和 145 萬美元，而 Avalanche ($AVAX)、XRP 和 Algorand ($ALGO) 的資金流入分別為 143 萬美元、133 萬美元和 104 萬美元。

Cardano-focused products, though witnessing inflows below $1 million, surpassed the outflows experienced by Bitcoin Cash, Solana, and Short Bitcoin products, each of which recorded outflows exceeding $300,000.

以卡爾達諾為中心的產品雖然流入量低於 100 萬美元，但超過了比特幣現金、Solana 和空頭比特幣產品的流出量，這些產品的流出量均超過 30 萬美元。

In stark contrast, Ethereum ($ETH)-focused products faced outflows of $32.2 million, while Bitcoin ($BTC) investment products witnessed outflows of $192.33 million. Investors have retreated from these flagship cryptocurrencies amidst heightened concerns that the Federal Reserve will maintain historically high interest rates for an extended period.

形成鮮明對比的是，以太坊（$ETH）投資產品面臨 3,220 萬美元的資金外流，而比特幣（$BTC）投資產品則出現 1.9,233 億美元的資金外流。由於人們越來越擔心聯準會將長期維持歷史高點利率，投資者已從這些旗艦加密貨幣中撤出。

Impact of Fed's Hawkish Stance

聯準會鷹派立場的影響

Analysts attribute the waning investor interest in exchange-traded products (ETPs), particularly those focused on Bitcoin, to the Federal Reserve's hawkish stance on interest rates. The prospect of prolonged high rates has dampened investor enthusiasm for riskier assets like digital currencies.

分析師將投資者對交易所交易產品（ETP）的興趣減弱，尤其是那些專注於比特幣的產品，歸因於聯準會對利率的強硬立場。長期高利率的前景削弱了投資者對數位貨幣等風險較高資產的熱情。

Bullish Outlook for Bitcoin Despite Outflows

儘管資金外流，比特幣前景仍看漲

Despite the outflows, Bitcoin could experience a significant upsurge in the near future. The available supply of Bitcoin on centralized cryptocurrency exchanges is expected to dwindle, while its scarcity is poised to double after its upcoming halving event.

儘管出現資金外流，但比特幣在不久的將來可能會經歷大幅上漲。集中式加密貨幣交易所上的比特幣供應量預計將減少，而在即將到來的減半事件後，其稀缺性將增加一倍。

A report by cryptocurrency exchange Bybit suggests that the halving event could trigger a short squeeze, as only nine months remain before the total supply of Bitcoin on centralized exchanges is depleted. The report estimates that there are only 2 million BTC left on exchanges, and assuming a daily inflow of $500 million from spot Bitcoin ETFs, 7,142 BTC will be withdrawn from exchange reserves each day.

加密貨幣交易所 Bybit 的一份報告表明，減半事件可能會引發軋空，因為距離中心化交易所的比特幣總供應量只剩九個月了。該報告估計，交易所中只剩下 200 萬枚 BTC，假設每天從現貨比特幣 ETF 流入 5 億美元，每天將從交易所儲備中提取 7,142 枚 BTC。

Conclusion

結論

The cryptocurrency market is undergoing a period of turbulence, with outflows from investment funds and investor sentiment being influenced by external factors such as rising interest rates. However, altcoins have emerged as potential safe havens, while Bitcoin's long-term outlook remains bullish due to its diminishing supply and upcoming halving event.

加密貨幣市場正經歷一段動盪時期，投資基金流出，投資人情緒受到利率上升等外在因素影響。然而，山寨幣已成為潛在的避風港，而由於供應量減少和即將到來的減半事件，比特幣的長期前景仍然看漲。