儘管大量資本流出了加密市場

儘管一波資本流出了席捲加密市場，但比特幣還是折價了88,000美元，這違背了看跌期望。加密分析師阿里·馬丁內斯（Ali Martinez）報導了

Capital outflows continued to plague the crypto market as a whole despite Bitcoin’s surprising price action. Crypto analyst Ali Martinez reported that big money was withdrawn from the market for four days in a row.

儘管比特幣採取了令人驚訝的價格行動，但資本流出仍在困擾整個加密貨幣市場。加密分析師阿里·馬丁內斯（Ali Martinez）報告說，大筆資金已連續四天從市場上撤回。

About $630 million in capital outflows

大約6.3億美元的資本流出

According to Martinez’s analysis, a total of $3.6 billion was withdrawn from the market between April 17 and 20. The outflows come as traders grew increasingly conservative and decided to take some profits off the table. However, even with these massive outflows, Bitcoin’s rally remained largely undeterred.

根據馬丁內斯的分析，在4月17日至20日之間，從市場上撤出了總計36億美元。隨著貿易商的增長越來越保守，流出就來了，並決定將一些利潤從桌面上拿走。但是，即使有了這些大量流出，比特幣的集會仍然很大程度上不受歡迎。

The capital outflows come as no surprise given the recent market trends. After a strong start to the year, the crypto market began to show signs of weakness in mid-April. This was due in part to a macroeconomic environment that grew increasingly risk-off with every passing day. As the US dollar dropped significantly and gold price hit $3,500, investors were forced to seek safety in other markets.

考慮到最近的市場趨勢，資本流出不足為奇。在今年的強勁開端之後，加密貨幣市場開始在4月中旬表現出虛弱的跡象。這部分是由於宏觀經濟環境隨著每一天而變得越來越冒險。隨著美元大幅下降，黃金價格達到3500美元，投資者被迫在其他市場中尋求安全。

This also came as equities started to decline with rising trade tensions between the US and its partners. The current unstable atmosphere created by new tariffs and failed negotiations with China and Japan made traditional markets unpredictable and uncertain.

隨著美國與其合作夥伴之間的貿易緊張局勢的加劇，股票開始下降。當前由新的關稅和與中國和日本進行談判失敗的不穩定氛圍使傳統市場變得不可預測和不確定。

The outflows also come as the Fear and Greed Index rose to 47, the highest score since late March. This change in investor sentiment could lead to even greater strength in the market, especially when combined with macroeconomic fundamentals.

恐懼和貪婪指數上升到47分，這是3月下旬以來的最高分。投資者情緒的這種變化可能會導致市場上的實力更大，尤其是與宏觀經濟基本面相結合時。

Liquidations continue in the market

清算在市場上繼續

The new price levels come after Bitcoin rose by 1.16% within the past 24 hours while experiencing enormous trader liquidations. As Coinglass reports, more than 104,000 traders were wiped out in a single day with a total loss of $265.85m.

在過去24小時內比特幣在經歷巨大的交易員清算的同時，比特幣在過去24小時內增長了1.16％。正如Coinglass報導的那樣，一天后消滅了104,000多名交易者，總虧損為2.6585億美元。

Long positions suffered the biggest blow, from which $145.88 million were eroded, while the shorts incurred losses of $119.98 million. Bitcoin posted the highest liquidation figures of $87.3 million, with Ether taking second place with $68.87 million.

長位置遭受了最大的打擊，損失了1.4588億美元，而短褲損失了1.1998億美元。比特幣的清算數字最高為8,730萬美元，以太幣以6887萬美元的價格排名第二。

The liquidations come as major holders are returning to the market. According to Glassnode, Bitcoin wallets with over 1,000 BTC rose to a four-month high. These levels were last witnessed in the immediate aftermath of Donald Trump’s win in November 2024.

當主要持有人返回市場時，清算開始。根據GlassNode的說法，超過1,000 BTC的比特幣錢包上升到了四個月的高度。這些水平在2024年11月唐納德·特朗普（Donald Trump）勝利的後立即見證了這些水平。

This rally comes amid rising trust in Bitcoin as being an inflation hedge. Bitget Research further noted that the exchange between Bitcoin and gold has favorable indications of its safe-haven status. BitMEX co-founder Arthur Hayes proposed this to be the last chance to purchase BTC below 100k, citing buyback of the US Treasury bonds as the source of the upcoming liquidity boost.

由於對比特幣的信任是通貨膨脹對沖，這次集會就會出現。 BITGET研究進一步指出，比特幣和黃金之間的交換有利地跡象表明其安全狀態。 Bitmex聯合創始人Arthur Hayes認為這是購買BTC以下100K以下的最後機會，理由是美國財政債券作為即將推動的流動性提升的來源。