現貨比特幣 ETF 面臨資金外流，削弱看漲前景

事實證明，上週現貨比特幣 ETF 面臨挑戰，因為它們始終無法吸引大量資金流入。因此，這些 ETF 連續每日流出，顯示機構交易者的看漲情緒可能下降。這種低迷反映在比特幣的價格上，本週比特幣價格跌至 61,370 美元。

Spot Bitcoin ETFs: Outflows Dampen Bullish Sentiment?

現貨比特幣 ETF：資金外流抑制看漲情緒？

Institutional investors seem to be losing their zeal for Spot Bitcoin ETFs, as evidenced by a string of consecutive outflows last week. These outflows have raised concerns about waning bullish sentiment and may have contributed to Bitcoin's recent price dip to $61,370.

機構投資者似乎正在失去對現貨比特幣 ETF 的熱情，上週一系列連續資金流出證明了這一點。這些資金外流引發了人們對看漲情緒減弱的擔憂，並可能導致比特幣近期價格跌至 61,370 美元。

Bitcoin ETFs: From Record Inflows to Sustained Outflows

比特幣 ETF：從創紀錄的流入到持續的流出

In February and early March, Spot Bitcoin ETFs basked in the glory of investor enthusiasm during Bitcoin's bull run, setting trading records for ETFs in the US. However, this fervor has now reversed, with five consecutive days of outflows eclipsing a four-day outflow streak in January.

2月和3月初，現貨比特幣ETF在比特幣牛市期間沐浴在投資者熱情的光輝中，創下了美國ETF的交易記錄。然而，這種熱情現在已經逆轉，連續五天的資金流出超過了 1 月連續四天的資金流出。

BitMEX Research Reveals Outflow Surge

BitMEX 研究顯示資金流出激增

Data from BitMEX Research paints a grim picture: five days of consecutive outflows totaling $154.4 million, $326.2 million, $261.6 million, $93.1 million, and $51.6 million. Grayscale's GBTC also set a new record for daily outflows, with redemptions of 9,539.7 BTC worth over $642.5 million on Monday, the largest single-day outflow in GBTC's history.

BitMEX Research 的數據描繪了一幅嚴峻的景象：連續五天的資金流出總額分別為 1.544 億美元、3.262 億美元、2.616 億美元、9,310 萬美元和 5,160 萬美元。 Grayscale 的 GBTC 也創下了每日流出量新紀錄，週一贖回了 9,539.7 BTC，價值超過 6.425 億美元，這是 GBTC 歷史上最大的單日流出量。

Grayscale's Outflow Not Surprising, but Others Falter

灰度的流出並不令人意外，但其他的卻步履蹣跚

Grayscale's outflows come as no surprise, given its consistent daily outflows since its inception. However, the weak inflows into other Spot ETFs, such as BlackRock (IBIT) and Fidelity (FBTC), which have historically offset GBTC's outflows, are more concerning.

鑑於灰度自成立以來每天都有持續的資金流出，其資金流出並不令人意外。然而，其他現貨 ETF 的資金流入疲軟，例如貝萊德 (IBIT) 和富達 (FBTC)，歷來抵消了 GBTC 的流出，這更令人擔憂。

BlackRock and Fidelity Hit Inflow Lows

貝萊德和富達資金流入創下新低

BlackRock (IBIT), which has consistently attracted the lion's share of inflows, recorded a new inflow low of $18.9 million on Friday, March 22. Fidelity, too, saw its inflow dwindle to $5.9 million on Monday, March 18.

一直吸引最大份額資金流入的貝萊德 (IBIT) 在 3 月 22 日星期五創下了 1,890 萬美元的流入新低。富達投資集團的資金流入在 3 月 18 日星期一也減少至 590 萬美元。

Bitcoin Price: Can It Recover?

比特幣價格：能恢復嗎？

The question on everyone's mind is whether Bitcoin can regain its momentum and reclaim its all-time high above $73,000. Continued outflows from Spot Bitcoin ETFs could weigh further on Bitcoin's price.

每個人都關心的問題是，比特幣能否重拾動力，重返 73,000 美元以上的歷史高點。現貨比特幣 ETF 的持續流出可能會進一步打壓比特幣的價格。

Trading Volume Remains Robust

交易量依然強勁

Despite the weak inflows, trading volume remained substantial throughout the week, indicating that the lack of enthusiasm for Spot Bitcoin ETFs is not necessarily indicative of a lack of interest in Bitcoin itself. The cumulative trading volume of the 10 ETFs now stands at $164 billion, with $22.71 billion traded last week.

儘管資金流入疲軟，但整週交易量仍然很大，這表明對現貨比特幣 ETF 缺乏熱情並不一定表示對比特幣本身缺乏興趣。目前這10檔ETF的累計交易量為1,640億美元，上週交易金額為227.1億美元。

Crucial Days Ahead for Bitcoin

比特幣未來的關鍵日子

The coming days will be pivotal in determining Bitcoin's next major move. Despite the recent setbacks, Bitcoin still has the potential to rebound, especially with the approaching Bitcoin halving event.

未來幾天將是決定比特幣下一步重大趨勢的關鍵。儘管近期遭遇挫折，但比特幣仍有反彈潛力，尤其是在比特幣減半事件臨近的情況下。