比特币（BTC）在地缘政治紧张局势，利率期望转移的情况下，比特币（BTC）的价格弹性

地缘政治紧张局势，利率转移的期望以及潜在的美国关税政策有助于市场不确定性和影响数字资产ETF

Geopolitical tensions, shifting interest rate expectations, and potential U.S. tariff policies are impacting digital asset ETFs, even as Bitcoin shows price resilience, says research analyst.

研究分析师说，即使比特币表现出价格弹性，地缘政治紧张局势，转移利率的期望和潜在的美国关税政策也会影响数字资产ETF。

While Bitcoin (BTC) demonstrated relative price stability last week, a complex web of macroeconomic factors is creating significant uncertainty in the broader digital asset market, leading to continued outflows from exchange-traded funds (ETFs). Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE: FNQ), highlighted the key drivers behind this cautious investor sentiment in a short note seen by The Shib Daily.

尽管比特币（BTC）上周证明了相对价格稳定性，但宏观经济因素的复杂网络正在造成更广泛的数字资产市场的严重不确定性，从而导致交易所交易基金（ETF）的持续流出。公开上市的数字资产和金融科技投资业务Fineqia International（CSE：FNQ）的研究分析师Matteo Greco强调了这种谨慎的投资者情绪背后的关键驱动力，这是Shib Daily的简短说明。

Shifting Sands: Interest Rate Expectations and Inflation Data

转移沙子：利率期望和通货膨胀数据

“Market participants are closely monitoring geopolitical developments and shifts in monetary policy expectations,” Greco explained. “Uncertainty surrounding these factors is contributing to volatility in Federal Reserve (FED) rate outlooks.”

Greco解释说：“市场参与者正在密切监视地缘政治发展和货币政策期望的转变。” “这些因素围绕这些因素的不确定性导致美联储（美联储）利率前景的波动。”

He pointed to a recent shift in expectations: “Current market outlook suggests the FED will cut interest rates by 50–75 basis points in 2025, down from last week’s expectations of a 75–100 basis point reduction.”

他指出，最近的期望转变：“当前的市场前景表明，美联储将在2025年将利率降低50-75个基点，这比上周对降低75-100个基点的期望下降。”

This change comes despite seemingly positive inflation news. “Last week’s inflation data showed lower-than-expected figures both year-on-year (YoY) and month-on-month (MoM).” However, Greco suggested that “concerns over U.S. tariff policies affecting key trading partners such as Canada, Mexico, and Europe might be offsetting the positive impact of the lower inflation data.” These tariffs could drive inflation higher, increasing the risk of stagflation if economic growth remains sluggish.

尽管通货膨胀新闻似乎是积极的，但这种变化仍在。 “上周的通货膨胀数据显示，同比（YOY）和月份（妈妈）的同比增长量低于预期。”但是，格雷科建议“对影响加拿大，墨西哥和欧洲等主要贸易伙伴的美国关税政策的担忧可能会抵消较低通货膨胀数据的积极影响。”这些关税可能会推动通货膨胀率更高，如果经济增长仍然缓慢，则会增加陷阱的风险。

Trump’s Potential Impact on Treasury Yields and Debt

特朗普对财政收益和债务的潜在影响

Greco also explored the potential influence of former President Trump’s economic policies on the market.

Greco还探讨了前总统特朗普的经济政策对市场的潜在影响。

“One potential objective of Trump’s economic policy is to lower long-term U.S. Treasury yields to facilitate refinancing government debt at reduced rates,” stated Greco.

Greco说：“特朗普经济政策的潜在目标是降低美国财政部的收益率，以促进以降低利率再融资政府债务。”

He observed a downward trend in the 10-year Treasury yield, which peaked at 4.8% in the weeks leading up to Trump’s presidency and now hovers around 4.3%.

他观察到了10年的国库收益率的下降趋势，在特朗普担任总统任期之前的几周中，峰值达到了4.8％，现在徘徊在4.3％左右。

Bitcoin Price Stability vs. ETF Outflows: A Divergence

比特币价格稳定与ETF流出：分歧

Despite the macroeconomic headwinds, Bitcoin itself showed resilience.

尽管有宏观经济的逆风，但比特币本身表现出弹性。

“Bitcoin (BTC) closed the week at approximately $82,575, reflecting a 2.3% increase from the previous week’s close of around $80,735,” Greco reported. He described a week of fluctuating prices, with BTC ultimately settling within a range of $80,000 to $85,000.

Greco报道：“比特币（BTC）以约82,575美元的价格结束了一周，反映了上一周收盘价约为80,735美元的2.3％。”他描述了一个星期的波动，BTC最终定居在80,000至85,000美元之间。

However, this price stability contrasted sharply with the continued outflows from Bitcoin ETFs.

但是，这种价格稳定性与比特币ETF的持续流出形成鲜明对比。

“Despite this relative price stability, BTC spot ETFs recorded outflows of approximately $870 million, marking the fifth consecutive week of negative flows. Over the past few weeks, more than $5 billion has been redeemed from these ETFs.”

“尽管相对价格稳定性，BTC现货ETF的流出量约为8.7亿美元，标志着连续第五周的负流量。在过去的几周中，从这些ETF中赎回了超过50亿美元。”

Ethereum (ETH) ETFs mirrored this trend, with outflows of around $145 million.

以太坊（ETH）ETF反映了这一趋势，流出约为1.45亿美元。

While short-term outflows are significant, Greco put them in a broader context: “Total net inflows since inception…remain at approximately $35.2 billion” for Bitcoin ETFs and $2.5 billion for Ethereum ETFs, “underlining continued investor interest despite the recent short-term trend.”

尽管短期流出非常重要，但格雷科将它们置于更广泛的背景下：“企业自我的总净流入……比特币ETF的净流入量约为352亿美元”，以太坊ETF的25亿美元为25亿美元，“强调了尽管最近的短期趋势，但持续的投资者利息持续了。”

The post Bitcoin Shows Price Resilience Amid Macroeconomic Uncertainty, Leading to ETF Outflows appeared first on The Shib Daily.

比特币后，由于宏观经济的不确定性，比特币显示出价格弹性，导致ETF流出的每日首次出现在Shib中。

Shib Daily: A Media and Publication by Shiba Inu

Shib Daily：Shiba Inu的媒体和出版物

The Shib Daily is an independent news and information platform. The content on Shib Daily is provided for informational purposes only and should not be construed as financial advice. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions. Shib Daily is not responsible for any losses that may result from investment advice provided on the platform.

Shib Daily是一个独立的新闻和信息平台。每天提供SHIB每日内容的内容，仅出于信息目的，不应将其解释为财务建议。鼓励读者进行自己的研究，并在做出任何投资决策之前咨询合格的财务顾问。 Shib Daily对平台上提供的投资建议可能造成的任何损失概不负责。

Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

Shib Daily是官方媒体，也是Shiba INU加密货币项目的出版。鼓励读者进行自己的研究，并在做出任何投资决策之前咨询合格的财务顾问。

Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

Yona没有加密货币职位，也没有任何加密资产。本文仅用于信息目的，不应将其解释为财务建议。 Shib Daily是官方媒体，也是Shiba INU加密货币项目的出版。鼓励读者进行自己的研究，并在做出任何投资决策之前咨询合格的财务顾问。