比特币（BTC）投资者面临重新压力

内罗毕（Coinchapter.com） - 比特币（BTC）投资者于4月11日面临新的压力，此前机构资金倾倒了将近1.5亿美元的BTC与BTC交易所交易所资金（ETFS）。

Institutional funds sold a large amount of Bitcoin (BTC)-linked exchange-traded funds (ETFs) on Monday, triggering renewed pressure on the cryptocurrency. The move also prompted one crypto commentator to warn of a Bitcoin “bubble” about to burst.

机构基金在周一出售了大量与比特币（BTC）连接的交易所交易资金（ETF），从而引发了加密货币的新压力。此举还促使一位加密评论员警告一个即将破裂的比特币“泡沫”。

According to Jacob King, a well-known figure in the crypto sphere, several institutional funds pulled out of BTC ETFs in a 24-hour period, marking one of the fastest paces of ETF outflows seen so far this year.

雅各布·金（Jacob King）表示，在加密货币领域中著名的人物，几项机构资金在24小时内从BTC ETF中退出，这标志着今年迄今为止迄今为止看到的ETF流出最快的一步。

“Institutions are dumping BTC at record speed. The Bitcoin bubble is popping,” King stated in a post on X, formerly Twitter.

“机构正在以创纪录的速度倾倒BTC。比特币泡沫正在弹出，”金在X上的一篇文章中说。

His remarks come amidst a backdrop of fragile global market sentiment. Trade tensions remain elevated, and macro signals out of Washington are mixed.

他的言论是在脆弱的全球市场情绪背景中。贸易紧张局势保持升高，华盛顿外的宏观信号混合在一起。

As of Friday morning, Bitcoin was trading at $81,524, marking a nearly 10% decline from its April 2 local high, as per CoinMarketCap.

截至周五早上，比特币的交易价格为81,524美元，根据CoinMarketCap的价格，比特币的交易价格比4月2日的本地高点下降了近10％。

This selloff followed a tweet by Jacob King, who highlighted ETF outflows as a key point of stress.

这次抛弃在雅各布·金（Jacob King）的推文之后，他强调了ETF流出是压力的关键点。

CoinShares and other data providers recorded over $150 million in outflows from Bitcoin ETFs in the past day. This marks the steepest drawdown since late February, wiping out gains from institutional inflows seen earlier this quarter.

过去一天，Coinshares和其他数据提供商从比特币ETF中记录了超过1.5亿美元的外流。这标志着自2月下旬以来最陡峭的趋势，从本季度早些时候看到的机构流入中消除了收益。

This pace of withdrawal has triggered debate among traders and commentators. Some view it as panic selling, while others frame it as repositioning amid uncertain macro trends.

这种戒断步伐引发了交易者和评论员之间的辩论。有些人将其视为恐慌销售，而另一些人则将其构成重新定位，这是不确定的宏观趋势。

Trump’s trade war escalations have created volatility across financial markets. The S&P 500 saw an increase of more than 8% on April 9 after the president put a pause on some of the newly announced import tariffs.

特朗普的贸易战争升级在金融市场之间引起了波动。在4月9日，总统对一些新宣布的进口关税停顿后，标准普尔500指数增加了8％以上。

Bitcoin’s market cap also showed a similar 8% rebound, according to data from CoinMarketCap.

根据CoinMarketCap的数据，比特币的市值也显示出相似的8％篮板。

However, despite the temporary bounce, there is still uncertainty.

但是，尽管暂时反弹，但仍然存在不确定性。

David Siemer, CEO of Wave Digital Assets, mentioned that economic instability tends to accelerate institutional interest in digital assets. He noted a growing shift toward blockchain-based settlement tools as traditional financial systems face increasing geopolitical risk.

Wave Digital Assets的首席执行官David Siemer提到，经济不稳定倾向于加速在数字资产中的机构兴趣。他指出，随着传统金融体系面临着日益增加的地缘政治风险，向基于区块链的定居工具的转变越来越大。

Siemer added that the recent strength of Bitcoin highlights its role as a hedge. A Binance report dated April 7 also pointed to BTC’s “resilience” amid global turbulence.

Siemer补充说，最近的比特币强度强调了其作为树篱的作用。日期为4月7日的二元报告还指出，在全球动荡中，BTC的“韧性”。

On-chain data presents a contrasting view. Since early March, whales, defined as large BTC holders, have added more than 100,000 BTC to their wallets, according to data shared by caueconomy.

链上数据显示了一种对比的视图。自3月初以来，根据Caueconomy共享的数据，将鲸鱼定义为大型BTC持有人，已在其钱包中增加了100,000多个BTC。

This accumulation trend continues despite muted network activity and fading interest from retail investors.

尽管网络活动变得柔和，并且散户投资者的兴趣消失了，但这种积累趋势仍在继续。

This divergence suggests that large players are exploiting price dips to lower their acquisition cost. While it may not signal an immediate reversal, it reflects long-term positioning by institutional entities often regarded as “smart money.” These cohorts typically exit during surges, potentially pressuring price once rallies gain momentum.

这种分歧表明，大型玩家正在利用价格下跌以降低其收购成本。虽然它可能不会立即逆转，但它反映了经常被视为“聪明的钱”的机构实体的长期定位。这些队列通常会在激增期间退出，一旦集会增强势头，可能会施加压力。

While King sounds the alarm bells, other traders argue that the correction may set the stage for a rebound. Pseudonymous trader Merlijn said BTC just retested what he calls the “Crash Line,” historically followed by sharp gains averaging 3,495%.

尽管金发出警钟，但其他交易员认为，更正可能为反弹奠定了基础。伪交易员梅利恩（Merlijn）表示，BTC刚刚重新测试了他所谓的“崩溃线”，从历史上看，急剧上涨了3,495％。

Another user, Crypto Faibik, claimed Bitcoin is nearing a falling wedge breakout. He argued that a successful breakout could push BTC back toward its all-time high of $109,000.

另一个用户Crypto Faibik声称比特币即将接近楔形突破。他辩称，成功的突破可能会将BTC推向其历史最高点109,000美元。

However, despite such optimism, short-term risks remain high. Institutional selling pressure, volatile macro conditions, and retail withdrawal could stall any bullish reversal.

但是，尽管有这种乐观，但短期风险仍然很高。机构销售压力，挥发性宏观条件和零售撤回可能会使任何看涨逆转。