提款週：隨著灰階資金流出減少，加密貨幣基金損失了 5 億美元

加密市場近期出現大幅資金流出，上週全球數位資產投資產品淨流出5億美元。這些資金流出主要來自灰階轉換的現貨比特幣交易所交易基金（GBTC），儘管其影響隨著本週每日資金流出量的逐漸減少而逐漸減弱。

The crypto market, particularly Bitcoin, has recently experienced significant outflows. According to a recent report from CoinShares, digital asset investment products worldwide saw net outflows of $500 million last week.

加密貨幣市場，尤其是比特幣，最近經歷了大幅資金外流。根據 CoinShares 最近的一份報告，全球數位資產投資產品上週淨流出 5 億美元。

These outflows predominantly stemmed from Grayscale’s converted spot Bitcoin exchange-traded fund (GBTC), though its impact seems to be diminishing with daily outflows reducing progressively throughout the week. James Butterfill, Head of Research at CoinShares, highlights this trend, noting a decrease in the intensity of outflows.

這些資金流出主要來自灰階轉換的現貨比特幣交易所交易基金（GBTC），儘管隨著本週每日資金流出量逐漸減少，其影響似乎正在減弱。 CoinShares 研究主管 James Butterfill 強調了這一趨勢，並指出資金外流強度有所下降。

While Grayscale’s GBTC experienced a decrease in outflows, there has been a surge in capital moving into the newly established spot Bitcoin ETFs. Last week, these spot ETFs collectively attracted $1.8 billion in fresh capital, with BlackRock’s IBIT and Fidelity’s FBTC at the forefront, securing $744.7 million and $643.2 million, respectively.

儘管 Grayscale 的 GBTC 流出量有所減少，但流入新成立的現貨比特幣 ETF 的資金卻激增。上週，這些現貨 ETF 總共吸引了 18 億美元的新資本，其中貝萊德的 IBIT 和富達的 FBTC 名列前茅，分別吸引了 7.447 億美元和 6.432 億美元。

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Since their debut on January 11, these fresh market entrants have amassed $5.8 billion in total inflows. This influx has effectively balanced out the $5 billion that flowed out of GBTC, culminating in a net positive inflow of $759.4 million into the crypto market funds.

自 1 月 11 日首次亮相以來，這些新的市場進入者已累計流入 58 億美元。這筆資金流入有效平衡了 GBTC 流出的 50 億美元，最終導致加密貨幣市場基金淨流入 7.594 億美元。

Global Outflows And Bitcoin’s Market Resilience

全球資金外流和比特幣的市場彈性

The impact of these outflows extends beyond Grayscale, with other altcoin-based funds also registering net outflows. Ethereum investment products, for instance, saw $39 million left, with smaller amounts also exiting Polkadot and Chainlink funds.

這些資金流出的影響不僅限於灰度，其他基於山寨幣的基金也出現了淨流出。例如，以太坊投資產品剩餘 3,900 萬美元，還有少量資金退出 Polkadot 和 Chainlink 基金。

Solana was an exception in this trend, which witnessed inflows worth $3 million. Interestingly, blockchain equities continued to attract investments, with an additional $17 million inflow last week.

Solana 是這一趨勢中的一個例外，流入金額達 300 萬美元。有趣的是，區塊鏈股票持續吸引投資，上週新增資金流入 1,700 萬美元。

加密資產流動。 |來源：Coinshares

The regional analysis further sheds light on these market movements. US-based funds experienced the most significant net outflows, totaling $409 million, while Switzerland and Germany saw outflows of $60 million and $32 million, respectively.

區域分析進一步揭示了這些市場趨勢。美國基金的淨流出最為顯著，總計 4.09 億美元，而瑞士和德國的基金分別流出 6,000 萬美元和 3,200 萬美元。

Brazil emerged as a notable exception, registering $10.3 million. Butterfill suggests that these outflows, particularly in the US, were likely prompted by the substantial outflows from Grayscale, totaling $5 billion, contributing to broader market uncertainties.

巴西是個顯著的例外，錄得 1,030 萬美元。 Butterfill 表示，這些資金外流，尤其是在美國，很可能是由 Grayscale 的巨額資金外流（總計 50 億美元）造成的，從而導致了更廣泛的市場不確定性。

Despite these market dynamics, Bitcoin has shown slight signs of recovery, regaining 3.4% of its value in the past 7 days after a recent dip below $39,000. Bitcoin trades above this mark at $42,074, though it has seen a modest 0.7% decrease over the past day.

儘管有這些市場動態，比特幣仍顯示出輕微復甦的跡象，在最近跌破 39,000 美元後，過去 7 天恢復了 3.4% 的價值。比特幣交易價格高於這一水平，價格為 42,074 美元，儘管過去一天小幅下跌了 0.7%。

BTC 價格在 1 小時圖上橫盤整理。資料來源：TradingView.com 上的 BTC/USDT

Historical Patterns And Future Outlook For Bitcoin

比特幣的歷史模式與未來展望

Analysts and investors closely monitor patterns and indicators for future trends as the market navigates through these shifts. Crypto analyst Jelle has highlighted an interesting historical pattern in Bitcoin’s performance.

隨著市場經歷這些轉變，分析師和投資者密切關注未來趨勢的模式和指標。加密貨幣分析師 Jelle 強調了比特幣表現中一個有趣的歷史模式。

The analyst notes that February has historically been a bullish month for Bitcoin, particularly following a bearish January and a positive performance in the last four months of the previous year.

該分析師指出，從歷史上看，二月一直是比特幣看漲的月份，特別是在一月份的看跌和去年最後四個月的積極表現之後。

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Jelle backs this up with Coinglass data, which supports this observation, showing that in 2015 and 2016, when Bitcoin closed the last four months of the year in the green, it followed up with a bearish January and a bullish February.

Jelle 用Coinglass 數據支持了這一觀點，該數據顯示，在2015 年和2016 年，當比特幣在一年中的最後四個月以綠色收盤時，隨後出現了看跌的1 月和看漲的2 月。

Looks like #Bitcoin continues the pattern we’ve been monitoring since September.

看起來 #Bitcoin 延續了我們自 9 月以來一直在監控的模式。

4 months in the green, one in the red.

4 個月為綠色，1 個月為紅色。

If history keeps repeating, February should be strong. pic.twitter.com/fWbXw4rlvK

如果歷史不斷重演，二月應該會很強勁。 pic.twitter.com/fWbXw4rlvK

— Jelle (@CryptoJelleNL) January 23, 2024

— Jelle (@CryptoJelleNL) 2024 年 1 月 23 日

Given this pattern, Jelle anticipates that February could again be a positive month for Bitcoin, potentially bringing significant gains.

鑑於這種模式，Jelle 預計二月可能再次成為比特幣積極的月份，可能帶來顯著的收益。

.Featured image from Unsplash, Chart from TradingView

.精選圖片來自 Unsplash，圖表來自 TradingView