數位資產投資者在市場不確定性中謹慎行事

上週，數位資產投資產品小幅流出 1.26 億美元，主要是因為以太坊連續第五週流出（2,900 萬美元）。儘管整體下滑，但 Decentraland、Basic Attention Token 和 LIDO 等替代加密貨幣吸引了總計 960 萬美元的資金。交易量升至 210 億美元，但交易所交易產品 (ETP) 和交易所交易基金 (ETF) 交易量下降至 31%，顯示投資者持謹慎態度。

Digital Asset Investors Exercise Caution Amid Market Uncertainty

數位資產投資者在市場不確定性中保持謹慎

In a market characterized by heightened volatility, digital asset investors are grappling with uncertainty, resulting in a modest outflow of $126 million last week. This outflow underscores the prevalent cautious sentiment among investors as the positive price momentum witnessed earlier this year has waned.

在波動性加劇的市場中，數位資產投資者正在努力應對不確定性，導致上週資金小幅流出 1.26 億美元。這種資金外流凸顯了投資者普遍的謹慎情緒，因為今年稍早出現的正面的價格動能已經減弱。

Ethereum Bears the Brunt of Outflows

以太坊首當其衝受到資金外流

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has borne the brunt of the recent outflows. Specifically, ETH experienced outflows of $29 million last week, marking its fifth consecutive week of withdrawals. This sustained outflow indicates that investors may be taking a more conservative approach toward ETH, which has underperformed in recent weeks.

以太幣（ETH）是市值第二大的加密貨幣，在最近的資金外流中首當其衝。具體而言，ETH 上週經歷了 2900 萬美元的資金流出，這是連續第五週出現提款。這種持續的資金外流表明，投資者可能會對近幾週表現不佳的 ETH 採取更保守的態度。

Altcoins Find Favor

山寨幣受到青睞

Despite the overall outflow sentiment, certain alternative cryptocurrencies (altcoins) have managed to attract funds. Decentraland, a virtual reality platform, saw inflows of $4.9 million, while Basic Attention Token, a privacy-focused cryptocurrency, received $2.9 million in inflows. Additionally, LIDO, a decentralized staking platform, attracted $1.8 million in inflows.

儘管有整體資金外流情緒，但某些替代加密貨幣（山寨幣）仍成功吸引了資金。虛擬實境平台 Decentraland 流入 490 萬美元，而注重隱私的加密貨幣 Basic Attention Token 流入 290 萬美元。此外，去中心化質押平台 LIDO 吸引了 180 萬美元的資金流入。

Trading Volumes Indicate Cautious Approach

交易量顯示謹慎態度

Trading volumes across digital asset markets experienced a slight increase last week, rising from $17 billion to $21 billion. However, trading activity in exchange-traded products (ETPs) and exchange-traded funds (ETFs) declined compared to the overall market. In the past month, ETP/ETF trading accounted for 40% of total volumes on reputable exchanges. Last week, this figure dropped to 31%, signaling that investors are becoming more measured in their trading strategies.

上週，數位資產市場的交易量略有增加，從 170 億美元增加到 210 億美元。然而，與整體市場相比，交易所交易產品（ETP）和交易所交易基金（ETF）的交易活動有所下降。過去一個月，ETP/ETF 交易量佔知名交易所總交易量的 40%。上週，這一數字下降至 31%，顯示投資者在交易策略上變得更加謹慎。

Regional Outflows and Inflows

區域資金流出和流入

In terms of regional outflows and inflows, the United States witnessed the highest amount of money leaving digital asset investments, totaling $145 million. Switzerland and Canada also experienced outflows of $5.7 million and $6 million, respectively. Conversely, investors in Germany viewed the recent price drop as an opportunity to invest, bringing in $29 million last week.

從地區流出和流入來看，美國的數位資產投資流出金額最高，總計 1.45 億美元。瑞士和加拿大也分別經歷了 570 萬美元和 600 萬美元的資金外流。相反，德國投資者將最近的價格下跌視為投資機會，上週獲得了 2,900 萬美元的投資。

Mixed Signals for Bitcoin

比特幣的混合訊號

Bitcoin, the largest cryptocurrency by market capitalization, experienced mixed signals last week. While it saw outflows of $110 million, it also received positive inflows of $555 million so far this month. Short-bitcoin, which had been witnessing outflows for the past three weeks, saw a modest increase of $1.7 million, possibly indicating that some investors are taking advantage of the recent price dip.

比特幣是市值最大的加密貨幣，上週經歷了複雜的訊號。儘管流出了 1.1 億美元，但本月迄今為止，它也收到了 5.55 億美元的正流入。過去三週出現資金外流的比特幣空頭小幅上漲 170 萬美元，這可能表明一些投資者正在利用近期價格下跌的機會。

Uncertainty Drives Caution

不確定性引發謹慎

The prevailing sense of caution among investors stems from their apprehension toward the current market dynamics and the unpredictable future of digital assets. Despite recent outflows, investors have poured a total of $646 million into crypto products last week, pushing year-to-date inflows to an unprecedented $13.8 billion. This figure surpasses the previous year's total of $10.6 billion.

投資者普遍的謹慎態度源於他們對當前市場動態和數位資產不可預測的未來的擔憂。儘管最近出現資金外流，但投資者上週仍向加密產品投入了總計 6.46 億美元的資金，將年初至今的資金流入推至前所未有的 138 億美元。這一數字超過了去年的 106 億美元總額。

As the digital asset market continues to evolve, investor sentiment and fund flows will play a crucial role in determining its health and future direction. The recent outflows highlight the need for investors to conduct thorough research and remain vigilant in this rapidly changing landscape.

隨著數位資產市場的不斷發展，投資者情緒和資金流向將在決定其健康狀況和未來方向方面發揮至關重要的作用。最近的資金外流凸顯了投資者需要進行徹底的研究，並在這個快速變化的環境中保持警惕。