比特币[BTC]本周早些时候保持看涨立场

从其对价格发现的追求来看，比特币[BTC]本周早些时候保持看涨立场。该加密货币周三创下历史新高，突破 108,000 美元

Earlier this week, Bitcoin [BTC] maintained a bullish stance, evidenced by its pursuit of price discovery. The cryptocurrency reached a new all-time high above $108,000 on Wednesday, the 18th of December, with whale activity playing a significant role in this fresh upside.

本周早些时候，比特币[BTC]保持看涨立场，其对价格发现的追求就证明了这一点。该加密货币于 12 月 18 日星期三达到 108,000 美元以上的历史新高，鲸鱼活动在这一新的上涨中发挥了重要作用。

Bitcoin’s bullish performance earlier in the week raised hopes of potentially soaring to $110,000 before the end of the week if it sustained the momentum. The king of the cryptos attained a new historic peak at $108,364 on Wednesday, proving yet again that the bulls were still in control.

本周早些时候，比特币的看涨表现引发了人们的希望：如果比特币保持这一势头，那么比特币可能会在本周末之前飙升至 110,000 美元。周三，加密货币之王创下了 108,364 美元的历史新高，再次证明多头仍处于掌控之中。

On-chain data confirmed healthy whale activity as large holder inflows grew from 619.43 BTC on 14th December to 3,620 BTC as of 17th December. Large holder outflows, on the other hand, decreased from 11,060 coins on 16th December to 917 BTC the following day.

链上数据证实了鲸鱼活动的健康，大户流入量从 12 月 14 日的 619.43 BTC 增加到截至 12 月 17 日的 3,620 BTC。另一方面，大持有者的流出量从 12 月 16 日的 11,060 个比特币减少到第二天的 917 个比特币。

The large holder flows hence demonstrated a surge in demand at around the same time that sell pressure from whales subsided considerably.

因此，大持有者的流动表明需求激增，同时鲸鱼的抛售压力也大幅减弱。

As a result, the wave of demand pushed higher. However, there was a notable dip in large holder inflows by roughly half to 1843 BTC as of Wednesday. This was still higher than the 473 BTC outflows.

结果，需求浪潮推高了。然而，截至周三，大持有者流入量显着下降约一半，至 1843 比特币。这仍然高于 473 BTC 的流出量。

To top things up, Bitcoin also achieved overall positive flows from ETFS. The latest BTC ETFs data revealed that ETF inflows peaked at 275.3 million BTC on Wednesday.

最重要的是，比特币还从 ETFS 中实现了整体正流量。最新的 BTC ETF 数据显示，周三 ETF 流入量达到 2.753 亿 BTC 的峰值。

Are Bitcoin bears taking over?

比特币空头正在接管吗？

Despite these observations, there were notable outflows from some of the ETFs including Grayscale and Ark Invest. Despite the robust bullish performance, a sizable pullback followed swiftly, ending the day closer to $101,000. This could indicate potential for some profit-taking or more short term outflows ahead.

尽管有这些观察结果，包括 Grayscale 和 Ark Invest 在内的一些 ETF 仍出现了显着的资金外流。尽管表现强劲，但随后迅速大幅回调，收盘接近 101,000 美元。这可能表明未来可能出现一些获利回吐或更多短期资金外流。

The pullback was mainly due to the market’s knee-jerk reaction to Fed chair Jerome Powell statement. Powell remarked that the FED was not allowed to own Bitcoin.

此次回调主要是由于市场对美联储主席鲍威尔声明的下意识反应。鲍威尔表示，美联储不允许拥有比特币。

Bitcoin spot market flows data revealed that outflows were dominant in the last three days. This was particularly the case on Wednesday during which net outflows spiked to $824.78 million.

比特币现货市场流量数据显示，过去三天资金外流占主导地位。周三尤其如此，净流出飙升至 8.2478 亿美元。

Why are these observations essential? Well, based on the observations so far, whales and institutions have been driving this week’s rally. An indication that they anticipated higher prices. Meanwhile, retail appeared to be folding under the pressure as price pushed into new territory.

为什么这些观察很重要？嗯，根据迄今为止的观察，鲸鱼和机构一直在推动本周的上涨。这表明他们预计价格会上涨。与此同时，随着价格进入新的领域，零售业似乎在压力下萎缩。

Bitcoin funding rates data reveled relatively subdued activity compared to the first half of December or November. A sign that derivatives traders were moving cautiously this week to avoid liquidations.

与 12 月上半月或 11 月相比，比特币融资利率数据显示活动相对疲软。有迹象表明衍生品交易商本周谨慎行事以避免清算。

Read Bitcoin’s [BTC] Price Prediction 2024-25

阅读比特币 [BTC] 2024-25 价格预测

In other words, spot demand has arguably been more dominant this week and liquidations were relatively low.

换句话说，本周现货需求可以说更为主导，清算量相对较低。

Low funding rates could signal lower volatility and potentially low friction in Bitcoin’s bullish attempts. However, traders should be cautious especially now that multiple ETFs have demonstrated outflows.

低融资利率可能预示着比特币看涨尝试中波动性较低，摩擦也可能较低。然而，交易者应保持谨慎，尤其是现在多个 ETF 已出现资金流出。