對比特幣ETF的投資已經反彈到一月份的最後一次。

對比特幣交易所交易基金（ETF）的投資已反彈至一月份的最後水平，這表明投資者情緒恢復了

Investors have returned to investing heavily in bitcoin exchange-traded funds (ETFs), with the latest figures showing the largest daily investment in over three months.

投資者已經重大投資於比特幣交易所交易基金（ETF），最新數據顯示了三個月來最大的每日投資。

The US spot bitcoin (BTC) ETFs had over $912 million worth of cumulative net inflows on April 22, marking the highest daily investment since January 21, according to Farside Investors.

根據Farside Investors的數據，美國現貨比特幣（BTC）ETF在4月22日的累計淨流入價值超過9.12億美元，這是1月21日以來每日最高投資。

“Bitcoin ETPs just saw the largest daily inflows since 21st January in a dramatic improvement in sentiment,” wrote James Butterfill, head of research at CoinShares, in an April 23 X post.

Coinshares研究主管James Butterfill在4月23日X帖子中寫道：“比特幣ETP剛剛看到自1月21日以來最大的每日流入。”

Investor sentiment appeared to improve as President Donald Trump said that import tariffs on Chinese goods will “come down substantially,” adopting a softer tone in negotiations.

唐納德·特朗普總統說，對中國商品的進口關稅將“大幅下降”，在談判中採用柔和的語調，投資者的情緒似乎有所改善。

The de-escalation and growing ETF inflows pushed bitcoin price above $93,000 for the first time in seven weeks, as reported by Cointelegraph on April 23.

根據Cointelegraph在4月23日報導的那樣，降級和增長的ETF流入在七週內首次將比特幣的價格推高了93,000美元以上。

The growing institutional investment and presence of ETFs may accelerate the historic four-year cycle and bolster BTC to new highs before the end of 2025, analysts told Cointelegraph.

分析師告訴CoIntelegraph，ETF的機構投資和ETF的存在可能會加速歷史的四年周期，並在2025年底之前將BTC提升到新高點。

US dollar weakness may reinforce bitcoin’s safe-haven appeal

美元弱點可能會增強比特幣的避風力吸引力

The US dollar’s weakness may also contribute to the growing investor demand for bitcoin.

美元的弱點也可能導致投資者對比特幣的需求不斷增長。

The US Dollar Index (DXY), which measures the strength of the greenback against a basket of leading fiat currencies, fell nearly 9% since the beginning of 2025, to an over three-year low of 98.8 last seen in April 2022, TradingView data shows.

TradingView數據顯示，自2025年初以來，美元指數（DXY）衡量了綠色對一籃子領先的法定貨幣的強度下降了近9％，達到了2022年4月的三年低點98.8。

“Macro factors like a weakening dollar and rising gold correlation,” may reinforce bitcoin’s appeal as a hedge against economic volatility, Ryan Lee, chief analyst at Bitget Research, told Cointelegraph.

Bitget Research首席分析師Ryan Lee對Cointelegraph表示：“宏觀因素，例如弱化的美元和金黃色相關性，”梅促進比特幣的吸引力，以對沖經濟動盪。

Bitcoin no longer trading in the ‘shadow of tech’

比特幣不再在“技術影子”中進行交易

Crypto and traditional stock markets are “walking a tightrope between political drama and economic reality,” with bitcoin staging a significant rebound thanks to “strong ETF inflows, institutional acquisitions, and a weakening USD,” according to Nexo dispatch analyst Iliya Kalchev.

NEXO Dispatch分析師Iliiya Kalchev表示，加密貨幣和傳統股票市場“在政治戲劇和經濟現實之間走一根繩索”，由於“強勁的ETF流入，機構收購以及美元疲軟”，比特幣進行了重大反彈。

The analyst told Cointelegraph, adding:

分析師告訴Cointelegraph，並補充說：

“The conversation has clearly shifted. Bitcoin is no longer being traded in the shadow of tech – it’s becoming a lens through which macro uncertainty is priced.”

“對話顯然已經發生了變化。比特幣不再在技術的陰影下交易 - 它已成為宏觀不確定性的鏡頭。”

Nansen CEO Alex Svanevik also praised bitcoin’s resilience, noting that the maturing asset is becoming “less Nasdaq – more gold” over the past two weeks, increasingly acting as a safe haven asset against economic turmoil, but concerns over economic recession may limit its price trajectory.

Nansen首席執行官Alex Svanevik還讚揚了比特幣的韌性，並指出，在過去的兩周中，成熟的資產正在變得“納斯達克越來越少，更多的黃金”，越來越多地充當了針對經濟動蕩的避風港資產，但對經濟恢復的擔憂可能會限制其價格軌跡。

On April 21, BitMEX co-founder Arthur Hayes predicted that this might be the “last chance” to buy bitcoin below $100,000, as the incoming US Treasury buybacks may signal the next significant catalyst for bitcoin price.

Bitmex聯合創始人Arthur Hayes在4月21日預測，這可能是購買比特幣以下100,000美元以下的“最後機會”，因為即將到來的美國財政部回購可能標誌著比特幣價格的下一個重要催化劑。