在持續的特朗普關稅戰爭中，加密貨幣市場在第1季度（第1季度）2025年的最後一個月都經歷了重大回調。

值得注意的是，市場估值已從3月1日的2.79萬億美元下降到31日的2.67美元。

The cryptocurrency market experienced a major pullback during the last month of Quarter 1 (Q1) 2025, amid the ongoing Trump tariff war.

在持續的特朗普關稅戰爭中，加密貨幣市場在第1季度（Q1）2025年的最後一個月（第1季度）經歷了重大回調。

Also Read: Is President Trump’s New Tariffs Set To Halt Bitcoin’s Recovery?

另請閱讀：特朗普總統的新關稅是否會阻止比特幣的恢復？

The market valuation dropped by 4.31%, decreasing from 2.79 Trillion on 1st March to $2.67 on the 31st. However, the price of Bitcoin has recorded a stable month as the price started and concluded the month around the same price range.

市場估值下降了4.31％，從3月1日的2.79萬億美元降至31日的2.67美元。但是，隨著價格開始，比特幣的價格記錄了一個穩定的月份，並在同一價格範圍內結束了一個月。

On the other hand, the Bitcoin exchange-traded funds (ETFs) in the United States have concluded the month of March on a negative note.

另一方面，美國的比特幣交易所交易基金（ETF）以負面的票據結束了三月份。

Monthly Bitcoin ETF Flow.

每月比特幣ETF流。

As per the latest data, out of the 21 active market days, the 11 spot Bitcoin ETFs recorded a net flow of ~$3 billion. During this period, Bitcoin ETF recorded a positive flow for 10 days, whereas a negative flow was recorded for a total of 11 days, making it a bear-dominated month.

根據最新數據，在21個活躍的市場天數中，11個比特幣ETF的淨流量約為30億美元。在此期間，比特幣ETF記錄了10天的正流量，而總流量總計為11天，使其成為熊主導的月份。

When combined with the 10 positive days, the total inflow recorded was $1,079.43 million. Conversely, $1,847.34 million worth of outflow was recorded when combined with the bearish days.

當結合10個積極的日子時，記錄的總流入量為1,0.7943億美元。相反，與看跌時代相結合時，記錄了價值1,8.474億美元的流出。

Due to a bearish pullback, the month started on a bearish note. This resulted in the BTC ETFs recording an outflow for 7 consecutive days. However, the streak ended with a positive flow of $13.3 million on 12th March. After this, the ETF displayed a mixed action for the next 2 days.

由於看跌的回調，這個月開始了看跌筆記。這導致BTC ETF連續7天記錄流出。但是，這一連勝在3月12日的正面流量為1330萬美元。此後，ETF在接下來的2天內表現出混合動作。

As the market stabilized and the odds favored the bulls, the Bitcoin ETFs experienced a positive flow for 10 consecutive days. However, on 28th March (Friday), the longest inflow run of the year ended. Reportedly, during the 10-day streak, an inflow of $1.07 billion was recorded into the funds.

隨著市場的穩定和賠率有利於公牛，比特幣ETF連續10天經歷了正流動。但是，在3月28日（星期五），年度最長的流入量結束。據報導，在10天的連勝紀錄中，資金記錄了10.7億美元的流入。

Bitcoin Week Quarterly Performance Causes Chaos In the Market!

比特幣週的季度表現會導致市場混亂！

On 28th March, the Bitcoin quarterly performance report was released. As per the reports, Bitcoin experienced the worst Q1 since 2018 when the largest crypto token had crashed by ~50%. This further resulted in the Bitcoin ETF experiencing an outflow of $93.2 million.

3月28日，比特幣季度績效報告發布了。根據報導，比特幣經歷了自2018年以來最糟糕的第一季度，當時最大的加密代幣墜毀了約50％。這進一步導致比特幣ETF經歷了9320萬美元的流出。

With the conclusion of Q1 2025, Bitcoin has a YTD of -11.86% and is currently exchanging hands at $83,725. Notably, this is worse than the drop of Q1 2020 which was -10.87%.

根據第1季度2025年第1季度的結論，比特幣的YTD為-11.86％，目前以83,725美元的價格交換。值得注意的是，這比2020年代第一季度的下降更糟，即-10.87％。

A major setback was experienced following the announcement of President Trump’s U.S. reciprocal tariffs that is scheduled to come under effect on 2nd April 2025.

在特朗普總統的美國互惠關稅宣布計劃於2025年4月2日生效後，經歷了重大的挫折。