比特币（BTC）的价格从3月28日至3月31日之间从87,241美元下降到81,331美元，从前17天删除了收益

比特币（BTC）的价格从3月28日至3月31日之间的$ 87,241下降到81,331美元，从前17天就删除了收益。

Bitcoin (BTC) price dropped from $87,241 to $81,331 between March 28 and March 31, erasing gains from the previous 17 days. The 6.8% correction liquidated $230 million in bullish BTC futures positions and largely followed the declining momentum in the US stock market, as the S&P 500 futures fell to their lowest levels since March 14.

比特币（BTC）的价格从3月28日至3月31日之间的$ 87,241下降到81,331美元，从前17天就删除了收益。 6.8％的校正使看涨的BTC期货职位清算了2.3亿美元，并且在美国股票市场的势头下降，因为标准普尔500指货期货自3月14日以来的最低水平下降。

Despite struggling to hold above $82,000 on March 31, four key indicators point to strong investor confidence and potential signs of Bitcoin decoupling from traditional markets in the near future.

尽管在3月31日努力持有超过82,000美元的股份，但四个关键指标表明，在不久的将来，比特币与传统市场的潜在迹象表明，比特币的潜在迹象。

S&P 500 index futures (left) vs. Bitcoin/USD (right). Source: TradingView / Cointelegraph

标准普尔500指数期货（左）与比特币/USD（右）。资料来源：TradingView / Cointelegraph

Traders fear the global trade war’s impact on economic growth, especially after the March 26 announcement of a 25% US tariff on foreign-made vehicles. According to Yahoo News, Goldman Sachs strategists cut the firm’s year-end S&P 500 target for the second time, lowering it from 6,200 to 5,700. Similarly, Barclays analysts reduced their forecast from 6,600 to 5,900.

贸易商担心全球贸易战对经济增长的影响，尤其是在3月26日宣布美国对外国制造的车辆征收25％的关税之后。根据Yahoo News的报道，高盛战略家第二次削减了该公司的年终标准普尔500目标，从6,200降低到5,700。同样，巴克莱分析师将其预测从6,600降低到5,900。

Regardless of the reasons behind investors’ heightened risk perception, gold surged to a record high above $3,100 on March 31. The $21 trillion asset is widely considered the ultimate hedge, especially when traders prioritize alternatives over cash. Meanwhile, the US dollar has weakened against a basket of foreign currencies, with the DXY index dropping to 104.10 from 107.60 in February.

不管投资者的风险感知增强背后的原因是什么，黄金在3月31日飙升至3,100美元以上的创纪录高度。21万亿美元的资产被广泛认为是最终的对冲，尤其是当交易者优先考虑替代品而不是现金时。同时，美元对一篮子外币削弱了，DXY指数从2月的107.60下降到104.10。

Bitcoin metrics show strength, while long-term investors are unfazed

比特币指标表现出强度，而长期投资者却不感到

Bitcoin’s narratives of being “digital gold” and an “uncorrelated asset” are being questioned, despite a 36% gain over 6 months while the S&P 500 index fell 3.5% during the same period. Several Bitcoin metrics continued to show strength, indicating that long-term investors remain unfazed by the temporary correlation as central banks pivot to expansionist measures to prevent an economic crisis.

尽管在6个月内增长了36％，而同一时期的标准普尔500指数下降了3.5％，但比特币关于“数字黄金”和“不相关资产”的叙述正在受到质疑。几个比特币指标继续表现出强度，表明长期投资者对临时关联仍然没有暂时的关联，因为中央银行与扩张主义者措施预防经济危机。

Bitcoin's mining hashrate, which measures the computing power behind the network’s block validation mechanism, reached an all-time high.

比特币的采矿哈希雷特（Hashrate）衡量了网络块验证机制背后的计算能力，达到了历史最高水平。

Bitcoin mining estimated 7-day average hashrate, TH/s. Source: Blockchain.com

比特币开采估计为7天的平均哈希酸盐，Th/s。资料来源：BlockChain.com

The 7-day hashrate reached a peak of 856.2 million terahashes per second on March 28, up from 798.8 million in February. Hence, there are no signs of panic selling from miners, as shown by the flow of known entities to exchanges.

3月28日的7天哈希拉特（Hashrate）每秒达到了85620万台Terahashes的峰值，高于2月的79880万。因此，没有矿工出售恐慌的迹象，如已知实体向交流的流动所示。

In the past, BTC price downturns were associated with periods of FUD regarding the “death spiral,” where miners were forced to sell when becoming unprofitable. Additionally, the 7-day average of net transfers from miners to exchanges on March 30 stood at BTC 125, according to Glassnode data, much lower than the BTC 450 mined per day.

过去，BTC的价格下降与“死亡螺旋”时期的FUD时期有关，矿工在变得无利可图时被迫出售。此外，根据玻璃节数据，3月30日从矿工到交易所的净转移的7天平均转移量低于BTC 125，远低于每天开采的BTC 450。

Bitcoin 7-day average net transfer volume from/to miners, BTC. Source: Glassnode

比特币7天的平均净转移量从/到矿工，BTC。来源：玻璃节

Bitcoin miner MARA Holdings filed a prospectus on March 28 to sell up to $2 billion in stocks to expand its BTC reserves and for “general corporate purposes.” This move follows GameStop (GME), the US-listed videogame company, which filed a $1.3 billion convertible debt offering plan on March 26 while updating its reserve investment strategy to include potential Bitcoin and stablecoin acquisitions.

比特币矿工Mara Holdings于3月28日提交了一份招股说明书，以销售高达20亿美元的股票，以扩大其BTC储备金和“一般公司目的”。此举遵循美国上市的电子游戏公司GameStop（GME），该公司于3月26日提交了13亿美元的可转换债务发行计划，同时更新其储备投资策略以包括潜在的比特币和Stablecoin收购。

Related: Trump sons back new Bitcoin mining venture with Hut 8

相关：特朗普儿子与小屋8的新比特币采矿合资企业

Crypto exchange reserves drop

加密货币储量下降

Cryptocurrency exchanges’ reserves dropped to their lowest levels in over 6 years on March 30, reaching BTC 2.64 million, according to Glassnode data. The reduced number of coins available for immediate trading typically indicates that investors are more inclined to hold, which is particularly significant as Bitcoin’s price declined 5.1% in 7 days.

根据GlassNode的数据，加密货币交换的储量在3月30日以上的6年内下降到了最低水平，达到了BTC 264万。可立即交易的硬币数量减少通常表明投资者更倾向于持有，这尤其重要，因为比特币的价格在7天内下跌了5.1％。

Lastly, near-zero net outflows in US spot Bitcoin exchange-traded funds (ETFs) between March 27 and March 28 signal confidence from institutional investors.

最后，在3月27日至3月28日之间，美国现货比特币交易所交易基金（ETF）的接近零净流出信号是机构投资者的信心。

In short, Bitcoin investors remain confident due to the record-high mining hashrate, corporate adoption, and 6-year low exchange reserves, which signal long-term holding.

简而言之，由于创纪录的矿床，公司采用和6年的低交易所储量，比特币投资者保持信心，这表明了长期持有。

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

本文是出于一般信息目的，不打算被视为法律或投资建议。这里表达的观点，思想和观点是作者独自一人，不一定反映或代表Cointelegraph的观点和观点。