比特幣 ETF 的大量資金流出引發市場不安

比特幣 ETF 週三出現一波淨流出，其中 Grayscale Bitcoin Trust (GBTC)、First Trust Bitcoin Trust (FBTC) 和 ARK 21Shares Bitcoin ETF (ARKB) 出現大幅贖回。值得注意的是，FBTC 連續第五天出現淨流出，凸顯投資人的不確定性增加。

Bitcoin ETFs Experience Mass Outflows, Signaling Market Uncertainty

比特幣 ETF 經歷大規模資金外流，顯示市場不確定性

On May 1, the cryptocurrency market witnessed a significant outflow of funds from Bitcoin-related exchange-traded funds (ETFs). Grayscale Bitcoin Trust (GBTC) saw net outflows of $167.4 million, a substantial increase from the $93.2 million recorded on April 30.

5月1日，加密貨幣市場出現比特幣相關ETF資金大幅流出。灰階比特幣信託（GBTC）淨流出 1.674 億美元，較 4 月 30 日記錄的 9,320 萬美元大幅增加。

First Bitcoin Trust (FBTC), launched in January, also recorded significant net outflows of $191.1 million, its highest since inception. Notably, FBTC has experienced net outflows for five consecutive sessions. The ARK 21Shares Bitcoin ETF (ARKB) saw net outflows of $98.1 million.

1 月推出的 First Bitcoin Trust (FBTC) 也錄得 1.911 億美元的大幅淨流出，為成立以來的最高水準。值得注意的是，FBTC已連續五個交易日出現淨流出。 ARK 21Shares 比特幣 ETF (ARKB) 淨流出 9,810 萬美元。

Out of seven ETFs with current flow data, six recorded net outflows on Wednesday. Bloomberg Intelligence ETF Analyst James Seyffart commented on the outflow data, stating, "Andddd IBIT has its first outflow day of its existence. Ruff day to be a bitcoin ETF."

在有目前流量資料的 7 隻 ETF 中，有 6 隻在周三錄得淨流出。 Bloomberg Intelligence ETF 分析師 James Seyffart 對流出數據發表評論稱，“Andddd IBIT 迎來了其存在以來的第一個流出日。Ruff 日將成為比特幣 ETF。”

According to Tree News, the Invesco Bitcoin Strategy ETF (IBIT) saw net outflows of $36.9 million on Wednesday. The Hong Kong BTC and ETH-spot ETF markets remained closed for the Labor Day holiday.

根據 Tree News 報道，景順比特幣策略 ETF (IBIT) 週三淨流出 3,690 萬美元。香港 BTC 和 ETH 現貨 ETF 市場因勞動節假期休市。

Technical Analysis Reveals Bearish Short-Term Signals

技術分析揭示短期看跌訊號

From a technical perspective, Bitcoin (BTC) remains below the 50-day exponential moving average (EMA) while staying above the 200-day EMA. This pattern suggests bearish short-term price signals but bullish longer-term signals.

從技術角度來看，比特幣（BTC）仍低於 50 日指數移動平均線（EMA），同時保持在 200 日指數移動平均線（EMA）上方。這種模式顯示看跌的短期價格訊號，但看漲的長期訊號。

A breakout above the $60,365 resistance level would provide a bullish catalyst, pushing BTC towards the 50-day EMA and the $64,000 resistance level. However, selling pressure may intensify at the $64,000 resistance level, as it coincides with the 50-day EMA.

突破 60,365 美元阻力位將提供看漲催化劑，推動 BTC 走向 50 日均線和 64,000 美元阻力位。然而，由於 64,000 美元阻力位與 50 日均線重合，賣壓可能會加劇。

On Thursday, investors should monitor US labor market data and BTC-spot ETF flow data from Hong Kong and the US for potential market drivers.

週四，投資者應關注美國勞動力市場數據以及來自香港和美國的 BTC 現貨 ETF 流量數據，以尋找潛在的市場驅動因素。

Alternatively, a decline below the $55,000 level could pave the way for bearish momentum towards the $52,884 support level. With a 31.71 14-Daily RSI reading, BTC has room to fall to $55,000 before entering oversold territory.

或者，跌破 55,000 美元水準可能為看跌勢頭鋪平道路，跌向 52,884 美元支撐位。 14 日 RSI 讀數為 31.71，BTC 在進入超賣區域之前還有下跌至 55,000 美元的空間。

Conclusion

結論

The recent outflows from Bitcoin ETFs indicate a cautious approach among investors, potentially driven by macroeconomic uncertainty and regulatory concerns. While the technical analysis shows bearish short-term signals, the longer-term outlook remains bullish. Investors should monitor upcoming data releases and market movements for potential trading opportunities.

最近比特幣 ETF 的資金流出顯示投資者採取謹慎態度，這可能是受到宏觀經濟不確定性和監管擔憂的推動。雖然技術分析顯示短期看跌訊號，但長期前景仍看漲。投資者應關注即將發布的數據和市場走勢，以尋找潛在的交易機會。