分析師預測，現貨比特幣 ETF 預計在物價下跌中捲土重來

在比特幣近期價格下跌的情況下，分析師 Ki Young Ju 預測現貨比特幣 ETF 市場可能會復甦。儘管淨流量持續出現負值，但 Ju 表示，當加密貨幣達到一定的支撐位時，對比特幣 ETF 的需求往往會增加。數據顯示，新的 BTC 鯨魚的鏈上成本基礎約為 56,000 美元，這表明如果 BTC 達到這一價格閾值，就會有大量資金流入現貨比特幣 ETF。

Will Spot Bitcoin ETFs Make a Comeback Amid Price Slump?

現貨比特幣 ETF 會在價格暴跌中捲土重來嗎？

In the wake of Bitcoin's recent price correction, the spot Bitcoin ETF market has been facing headwinds. However, industry analysts are starting to predict a potential resurgence.

近期比特幣價格調整後，現貨比特幣ETF市場一直面臨阻力。然而，產業分析師開始預測潛在的復甦。

ETF Demand Rises with Price Dips

ETF 需求隨著物價下跌而上升

According to CryptoQuant CEO Ki Young Ju, historical netflow trends suggest that demand for Bitcoin ETFs typically increases when the cryptocurrency hits certain support levels. Despite the recent negative flows in BTC ETFs, Young Ju believes this trend could reverse as Bitcoin approaches its support levels.

CryptoQuant 執行長 Ki Young Ju 表示，歷史淨流量趨勢表明，當加密貨幣達到一定的支撐位時，對比特幣 ETF 的需求通常會增加。儘管最近 BTC ETF 出現負流，但 Young Ju 認為，隨著比特幣接近其支撐位，這一趨勢可能會逆轉。

ETF Whales Bought at Higher Prices

ETF鯨魚以更高的價格買入

Data from BitMEX Research shows that new BTC whales, particularly ETF buyers, have an on-chain cost basis of around $56,000. This indicates that significant Bitcoin holders acquired the asset at an average price well above its current market value.

BitMEX Research 的數據顯示，新的 BTC 鯨魚，尤其是 ETF 買家，鏈上成本基礎約為 56,000 美元。這表明重要的比特幣持有者以遠高於當前市場價值的平均價格購買了該資產。

Potential for Significant Inflows

大量資金流入的潛力

Young Ju predicts that if Bitcoin reaches its support levels, it could trigger significant inflows into the spot Bitcoin ETF market. He notes that such inflows would likely come from ETF buyers looking to capitalize on the price dip.

Young Ju預測，如果比特幣達到支撐位，可能會引發大量資金流入現貨比特幣ETF市場。他指出，此類資金流入可能來自希望利用價格下跌獲利的 ETF 買家。

BTC Price Drop Plausible

比特幣價格下跌似乎合理

Cointelegraph Markets Pro data indicates that Bitcoin's price has fluctuated between $62,000 and $68,000 in recent weeks. Young Ju suggests that a further decline is possible, with BTC potentially dropping as low as $51,000.

Cointelegraph Markets Pro 數據顯示，最近幾週比特幣的價格在 62,000 美元至 68,000 美元之間波動。 Young Ju 表示，比特幣可能會進一步下跌，跌至 51,000 美元。

Correction Driven by Overheating

過熱驅動的修正

The recent price correction is attributed to overheated market conditions, which analysts have dubbed a "pre-halving retrace." This correction is expected to be temporary, as the upcoming Bitcoin halving event is seen as a major catalyst for price appreciation.

最近的價格調整歸因於市場過熱，分析師稱之為「減半前回檔」。預計這種調整是暫時的，因為即將到來的比特幣減半被視為價格上漲的主要催化劑。

Halving Event as a Price Booster

減半事件作為價格助推器

A report by CryptoQuant indicates that the Bitcoin bull cycle is still ongoing, with relatively low investment flows from new investors and price valuation metrics below historical highs. The upcoming halving event, which is less than 31 days away, is expected to fuel a parabolic uptrend in Bitcoin's price.

CryptoQuant 的一份報告表明，比特幣牛市週期仍在持續，新投資者的投資流量相對較低，價格估值指標也低於歷史高點。距離即將到來的減半事件還有不到 31 天，預計將推動比特幣價格呈現拋物線上漲趨勢。

Conclusion

結論

Despite the recent decline in spot Bitcoin ETF netflows, analysts are predicting a potential resurgence as Bitcoin approaches its support levels. The upcoming halving event is also seen as a major driver of price appreciation. However, a further correction in Bitcoin's price is not out of the realm of possibility, with analysts suggesting a potential drop to $51,000.

儘管近期比特幣 ETF 現貨淨流量下降，但分析師預測，隨著比特幣接近其支撐位，比特幣 ETF 淨流量可能會復甦。即將到來的減半事件也被視為價格上漲的主要動力。然而，比特幣價格進一步調整並非不可能，分析師認為比特幣價格可能會跌至 51,000 美元。