随着市场等待联邦公开市场委员会（FOMC）会议的结果，比特币（BTC）保持稳定在82,000美元的高度之上。

尽管FOMC公告之前的波动性趋势的历史趋势，但比特币表现出了弹性，有几个指标暗示了潜在的价格变动。

Bitcoin (BTC) price remained above the $82,000 key level as markets awaited the outcome of the Federal Open Market Committee (FOMC) meeting.

随着市场等待联邦公开市场委员会（FOMC）会议的结果，比特币（BTC）的价格保持在82,000美元的关键水平之上。

Despite historical trends of volatility prior to FOMC announcements, Bitcoin has demonstrated resilience, with several indicators hinting at potential price movements.

尽管FOMC公告之前的波动性趋势的历史趋势，但比特币表现出了弹性，有几个指标暗示了潜在的价格变动。

The cryptocurrency market opened the day cautiously, as fear dominated overall sentiment.

加密货币市场谨慎地开放了这一天，因为恐惧占据了整体情绪。

The total market capitalization edged up slightly by 0.15%, reaching $2.72 trillion, while 24-hour trading volumes dipped 1.59% to $71.59 billion.

总市值略高于0.15％，达到2.72万亿美元，而24小时交易量下降了1.59％，至715.9亿美元。

Reflecting the market’s defensive stance, the Fear & Greed Index slipped to 23 amid mixed price action.

反映了市场的防御立场，恐惧和贪婪指数在价格混合的情况下跌至23。

Ethereum led altcoins in recovery with a 1.64% gain over the past 24 hours, followed by modest increases in XRP (0.28%) and Solana (1.31%). Broader market stability bolstered these gains.

以太坊在过去24小时内以1.64％的增长为1.64％，随后XRP（0.28％）和Solana（1.31％）恢复了1.64％。更广泛的市场稳定性增强了这些收益。

Meanwhile, EOS took center stage on the leaderboards with an impressive 25.72% surge, and RAY and MKR followed with gains of 12.96% and 8.62%, respectively. Conversely, FORM topped the losers’ list with a 13.26% decline, followed by CAKE (-7.49%) and CRO (-5.33%).

同时，EOS以惊人的25.72％的速度在排行榜上占据了中心地位，Ray和MKR随后涨幅分别增长了12.96％和8.62％。相反，表格以13.26％的下降榜首，其次是蛋糕（-7.49％）和CRO（-5.33％）。

Significant shift

重大转变

Spot Bitcoin ETFs witnessed a significant shift, ending a month-long trend of outflows on March 17 by recording $275 million in net inflows. According to Glassnode, this marks the largest weekly inflow since December 2023.

现场比特币ETF发生了重大变化，结束了3月17日的流出趋势，记录了2.75亿美元的净流入。根据GlassNode的说法，这标志着自2023年12月以来每周最大的流入。

suggest that institutional investors are expecting a more dovish Fed stance on future rate cuts, strategic hedging against market uncertainties, or preparations for a short squeeze.

表明机构投资者期望对未来的削减税率，对市场不确定性的战略对冲或为短暂挤压做准备。

“This change in investor mood could indicate multiple opportunities,” the report noted, as the FOMC announcement—scheduled for Wednesday, March 19, at 2:30 pm ET—is expected to create notable market swings.

该报告指出：“投资者情绪的这种变化可能表明很多机会。”正如FOMC公告（3月19日星期三下午2:30 pm）预计将创造著名的市场波动。

This purchase increases its total holdings to 3,200 BTC, valued at roughly $261.8 million, cementing its position as the largest Bitcoin corporate holder in Asia and the 11th largest globally.

这次购买将其总持股量增加到3,200 BTC，价值约为2.618亿美元，巩固了其作为亚洲最大的比特币公司持有人的地位，在全球第11大。

What you should know

你应该知道的

Adopting a strategy similar to Michael Saylor’s (previously MicroStrategy), Metaplanet financed its Bitcoin acquisitions by issuing over 44 million common shares.

Metaplanet采用了类似于Michael Saylor（以前的MicroStrategy）的战略，通过发行超过4400万股普通股来资助其比特币收购。

Since March 2023, the company had been investing in BTC, beginning with a purchase of 1,000 coins in March and continuing with consistent additions to its portfolio throughout the year.

自2023年3月以来，该公司一直在BTC进行投资，从3月购买1,000枚硬币开始，并全年持续增加其投资组合。

This latest round brings its total BTC investment to 7,588 coins, valued at around $614.4 million at the current price of about $81,000.

最新一轮将其BTC的总投资带到了7,588个硬币，价值约为6.144亿美元，目前的价格约为81,000美元。

However, despite this massive spending spree, Metaplanet’s stock price has dropped significantly this year, trading at $0.97 at the time of writing, down around 75% since the start of 2023.

然而，尽管大量支出狂潮，但梅帕内特的股价今年却大幅下跌，在写作时的交易价格为0.97美元，自2023年初以来下降了约75％。

This downturn might be linked to the company’s spending on Bitcoin, which could be putting pressure on its stock value.

这种低迷可能与公司在比特币上的支出有关，这可能会对其股票价值施加压力。

Nonetheless, Metaplanet remains committed to accumulating more Bitcoin despite the challenges it faces.

尽管如此，尽管面临挑战，Metaplanet仍致力于积累更多的比特币。

Pointing out a stark contrast, usually, during periods of price declines, institutions tend to sell, while retail investors continue holding.

通常在价格下降期间指出鲜明的对比，机构倾向于出售，而散户投资者继续持有。

But this time, it seems like institutions are buying more of the top cryptocurrency as they clocked in a fourth consecutive week of net inflows into spot Bitcoin ETFs.

但是这次，似乎机构在连续第四个星期的净流入中循环成现货比特币ETF时，他们正在购买更多最高的加密货币。

But retail investors appear to be selling, leading to seven straight weeks of outflows from short-term crypto products.

但是散户投资者似乎正在销售，导致短期加密产品的流出七个星期。

This observation was highlighted in a recent report by digital asset management firm Coinshares.

数字资产管理公司Coinshares最近的一份报告中强调了这一观察结果。

According to the report, institutional investors poured a massive $275 million into spot Bitcoin ETFs last week alone.

根据该报告，仅上周，机构投资者向现货比特币ETF倾注了大量2.75亿美元。

suggest that institutional investors are expecting a more dovish Fed stance on future rate cuts, strategic hedging against market uncertainties, or preparations for a short squeeze.

表明机构投资者期望对未来的削减税率，对市场不确定性的战略对冲或为短暂挤压做准备。

“This change in investor mood could indicate multiple opportunities,” the report noted, adding that the FOMC announcement—scheduled for Wednesday, March 19, at 2:30 pm ET—is expected to create notable market swings.

该报告指出：“投资者情绪的这种变化可能表明了多个机会。”他补充说，FOMC公告（3月19日，星期三，美国东部时间下午2:30）预计将创造出显着的市场波动。

Moreover, Coinshares pointed out that the total inflows into spot Bitcoin ETFs reached $1.04 billion in March.

此外，Coinshares指出，三月份进入现货比特币ETF的总流入达到10.4亿美元。

This compares to outflows of $1.28 billion in February and $3.44 billion in January.

相比之下，2月的12.8亿美元的流出和1月的34.4亿美元。

However, looking at short-term crypto products, which are typically preferred by retail investors, there were outflows of $144 million last week.

但是，查看短期加密产品通常是散户投资者首选的，上周的流出量为1.44亿美元。

This marks the seventh consecutive week of outflows from short-term crypto products.

这标志着短期加密产品的连续第七周流出。

According to Coinshares, the outflows from short-term crypto products began in mid-February.

根据Coinshares的说法，短期加密产品的流出始于2月中旬。

suggest that retail investors might be exiting their positions due to the recent decline in crypto

建议散户投资者可能由于最近的加密货币下降而退出职位