比特币（BTC）价格在大量流出时面临压力

比特币价格继续面临逆风，因为关于数字资产基金流量的最新报告显示，来自数字资产的流出量惊人的7.51亿美元。

The latest report by CoinShares on Digital Asset Fund Flows has revealed a massive $795 million in outflows from the crypto market, with an astounding $751 million being withdrawn from Bitcoin.

Coinshares关于数字资产基金流量的最新报告显示，来自加密货币市场的外流有7.95亿美元的流出，从比特币中撤出了惊人的7.51亿美元。

This marks one of the largest single-week outflows of the year, and it comes at a time when the price of Bitcoin has hit a wall, struggling to regain past all-time highs.

这标志着一年中最大的单周外流之一，这是在比特币价格撞到墙壁并努力恢复历史高高的时候。

The report, published on Monday, August 20, highlights a strong pullback in sentiment among institutional investors, further fueled by surprising news of U.S. President Donald Trump postponeing the tariffs on goods from Canada and Mexico.

该报告于8月20日星期一发表，重点介绍了机构投资者的情绪令人难以置信，这进一步引起了美国总统唐纳德·特朗普（Donald Trump）的惊人消息，推迟了加拿大和墨西哥的商品关税。

This move, which followed an earlier announcement of tariffs on all imports into the U.S., has ultimately led to a net year-to-date inflow of $165 million, compared to last week’s reported $640 million.

此举是在早期宣布向美国的所有进口征收关税之后，最终导致净净流入量为1.65亿美元，而上周据报道的6.4亿美元。

Since early February, digital asset investment products have suffered cumulative outflows of approximately $7.2 billion, effectively erasing almost all the year-to-date inflows.

自2月初以来，数字资产投资产品的累积流出约为72亿美元，实际上几乎消除了所有年度最佳流入。

This week marks the third consecutive week of declines, with Bitcoin leading the downturn and recording the most significant losses among major digital assets.

本周标志着连续第三周的下降，比特币带领下滑，并记录了主要数字资产中最重大的损失。

The report, written by James Butterfill, the Head of Research at CoinShares, further disclosed that the total outflows amounted to $795 million, with Bitcoin bearing the brunt of the outflows.

Coinshares研究负责人詹姆斯·巴特菲尔（James Butterfill）撰写的报告进一步透露，总流总计为7.95亿美元，比特币引起了流出的首要。

The world’s leading cryptocurrency experienced outflows of $751 million, a staggering sum that signals a potential shift in sentiment among institutions.

全球领先的加密货币经历了7.51亿美元的流出，这是一笔惊人的款项，这表明机构之间的情感可能发生了转变。

The report underscores a cooling sentiment among institutional investors and highlights a growing sense of caution amid ongoing market volatility.

该报告强调了机构投资者之间的冷却情绪，并强调了持续不断的市场波动时的谨慎感。

The Bitcoin price has recently been struggling to break out, and these outflows serve as one of the many barriers hindering the cryptocurrency’s breakout potential.

比特币价格最近一直在努力爆发，这些外流是阻碍加密货币突破潜力的众多障碍之一。

The fate of Bitcoin setting a new all-time high hinges on the reversal of these outflows and the subsequent stabilization of the market.

比特币的命运树立了这些流出逆转和随后的市场稳定的新历史高级铰链。

The report from CoinShares also highlighted that despite the massive outflows, Bitcoin still maintains a moderately positive position with $545 million in net year-to-date inflows.

Coinshares的报告还强调，尽管流出了大量流出，比特币仍然保持中等积极的位置，净净流入净流入为5.45亿美元。

However, the sheer scale and speed of the latest outflows do raise concern, especially considering that Bitcoin suffered such a huge withdrawal.

但是，最新流出的巨大规模和速度确实引起了人们的关注，尤其是考虑到比特币遭受了如此巨大的撤离。

This signals a potential shift in sentiment among institutions. Whether it’s due to profit-taking or macroeconomic uncertainty, this move suggests that big players are beginning to pull out — at least in the short term.

这表明机构之间的情感可能发生了可能的转变。无论是由于获利还是宏观经济的不确定性，此举都表明，至少在短期内，大型球员开始退出。

In addition to Bitcoin, the report unveiled that Ethereum also saw outflows, albeit to a lesser extent, with $37 million being withdrawn from the second-largest cryptocurrency.

除了比特币外，该报告还揭示了以太坊还看到了流出，尽管程度较小，但从第二大加密货币中撤出了3700万美元。

Furthermore, Solana, Aave, and SUI also posted losses, with $5.1 million, $0.78 million, and $0.58 million in outflows, respectively.

此外，Solana，Aave和Sui还发布了损失，分别为510万美元，78万美元和558万美元的外流。

Surprisingly, even short Bitcoin products, designed to benefit from market downturns, weren’t spared, recording $4.6 million in outflows.

令人惊讶的是，即使是简短的比特币产品，旨在从市场低迷中受益，但尚未幸免，却记录了460万美元的外流。

This surprising finding might indicate that even those betting against Bitcoin's short-term price movements are pulling back, which could be linked to the broader market trends and the potential for a shift in sentiment.

这一令人惊讶的发现可能表明，即使是那些反对比特币短期价格变动的人也正在退缩，这可能与更广泛的市场趋势和情感转变的潜力有关。

One of the key drivers behind the pullback across digital assets is the rising economic uncertainty sparked by tariff policies that have adversely influenced investor sentiment.

在数字资产中回落背后的主要驱动力之一是关税政策对投资者情绪产生不利的关税政策的不断增长。

The wave of negative sentiment began in February after U.S. President Donald Trump announced plans to impose tariffs on all imports coming into the country, an action that ultimately led to a shift in sentiment.

在美国总统唐纳德·特朗普（Donald Trump）宣布计划对进入该国的所有进口征收关税的计划之后，消极情绪又始于2月，这一行动最终导致了情绪的转变。

However, a late-week rebound in crypto prices was seen after Trump’s temporary reversal of the controversial tariffs, providing a brief respite for the market.

但是，在特朗普暂时撤销了有争议的关税之后，立即看到了加密货币价格的深夜反弹，这为市场提供了短暂的喘息。

This policy shift helped boost total Asset Under Management (AUM) across digital assets from a low of $120 billion on April 8 to $130 billion, marking an 8% recovery.

这种政策转变有助于将数字资产管理总资产（AUM）从4月8日的1,200亿美元提高到1300亿美元，标志着8％的回收率。