比特币在市场波动中占据主导地位，标志着力量和信心

尽管近期市场低迷，但比特币的主导地位依然强劲，达到 2021 年 4 月以来的最高水平 55.3%，交易量强劲。然而，受地缘政治紧张局势的推动，比特币每周下跌 5.3%，但随着敌对行动的缓和和对即将到来的减半的预期而反弹。

Bitcoin's Dominance Soars Amidst Market Volatility, Signaling Resilience and Investor Confidence

比特币的主导地位在市场波动中飙升，显示出韧性和投资者信心

Despite recent market fluctuations that have sent shivers down the spines of investors, Bitcoin, the undisputed king of cryptocurrencies, has displayed unwavering resilience, maintaining a market dominance metric of 55.3%, its highest level since April 2021, according to Matteo Greco, a research analyst at digital asset investment firm Fineqia International.

研究公司 Matteo Greco 表示，尽管最近的市场波动让投资者不寒而栗，但无可争议的加密货币之王比特币却表现出了坚定不移的韧性，保持了 55.3% 的市场主导地位，这是自 2021 年 4 月以来的最高水平数字资产投资公司 Fineqia International 分析师。

This remarkable dominance metric underscores Bitcoin's enduring appeal and value proposition as a store of value, a safe haven asset, and a hedge against inflation. Notably, Bitcoin's market cap dominance has reached a three-year high despite heightened market volatility, testament to its ability to weather the storm and emerge stronger.

这一显着的主导地位凸显了比特币作为价值储存、避险资产和通胀对冲的持久吸引力和价值主张。值得注意的是，尽管市场波动加剧，比特币的市值主导地位仍达到三年来的新高，这证明了其抵御风暴并变得更加强大的能力。

Trading volumes for Bitcoin have also remained robust, providing further evidence of the asset's liquidity and investor interest. BTC Spot ETFs recorded a weekly trading volume of approximately $16.2 billion, with an average daily volume of around $3.2 billion. Since inception, cumulative trading volume stands at approximately $212 billion, with an average daily volume of roughly $3.3 billion.

比特币的交易量也保持强劲，进一步证明了该资产的流动性和投资者的兴趣。 BTC 现货 ETF 每周交易量约为 162 亿美元，日均交易量约为 32 亿美元。自成立以来，累计交易量约为 2120 亿美元，日均交易量约为 33 亿美元。

Bitcoin's Weekly Decline: A Temporary Blip Amidst Long-Term Bullishness

比特币每周下跌：长期看涨中的暂时现象

The past week witnessed a slight decline in Bitcoin's price, ending at around $65,650, a 5.3% decrease from the previous week's closing value of approximately $69,350. The week was characterized by significant volatility, particularly during the weekend, following a period of relative stability from Monday to Thursday.

过去一周，比特币价格小幅下跌，收于 65,650 美元左右，较前一周收盘价约 69,350 美元下跌 5.3%。本周的特点是剧烈波动，特别是在周末，周一至周四相对稳定。

On Friday, Bitcoin faced a downturn, dropping to a low of $65,100. The negative trend continued into Saturday, hitting a weekly low of approximately $60,650 before rebounding and concluding the week around $65,650.

周五，比特币遭遇低迷，跌至 65,100 美元的低点。负面趋势持续到周六，触及约 60,650 美元的周低点，然后反弹并在 65,650 美元附近结束本周。

Geopolitical tensions in the Middle East were cited as the primary catalyst for the weekend's price drop. However, market sentiment improved after an announcement of a temporary halt in hostilities among the involved nations. Additionally, attention was drawn to the upcoming halving scheduled for the night between April 19th and 20th, which historically triggers short-term "sell the news" reactions.

中东地缘政治紧张局势被认为是周末价格下跌的主要催化剂。然而，在有关国家宣布暂时停止敌对行动后，市场情绪有所改善。此外，人们还关注定于 4 月 19 日至 20 日晚间即将到来的减半，这在历史上会引发短期的“卖出消息”反应。

US Inflation Data Dampens Market Optimism

美国通胀数据削弱市场乐观情绪

Recent US inflation data surpassed expectations, leading to a revision in market participants' rate cut projections for 2024. Initial expectations included a reduction of at least 75 basis points in interest rates. However, the latest data has shifted projections to anticipate 25/50 basis points cuts during the year, with the first cut expected in Q3 and a potential second cut towards year-end.

近期美国通胀数据超出预期，导致市场参与者修正了2024年的降息预期。最初的预期包括利率至少下调75个基点。然而，最新数据已改变预测，预计年内将降息 25/50 个基点，预计将在第三季度进行首次降息，并可能在年底进行第二次降息。

Greco highlighted that the continued presence of inflation levels surpassing central banks' targets might result in a prolonged period of tighter monetary policy, contributing to short-term challenges faced by risk-on assets as investors realign their portfolios.

格列柯强调，通胀水平持续超过央行目标可能会导致货币政策长期收紧，随着投资者重新调整投资组合，风险资产将面临短期挑战。

Digital Asset Investment Trends: Bitcoin Outflows, Short-Bitcoin Inflows

数字资产投资趋势：比特币流出，空头比特币流入

Digital asset investment products witnessed minor outflows amounting to $126 million in the past week, with Bitcoin experiencing outflows of $110 million but maintaining positive inflows of $555 million month-to-date. Short-bitcoin, which had been witnessing outflows for the past three weeks, saw minor inflows of $1.7 million, likely capitalizing on the recent price weakness.

过去一周，数字资产投资产品出现小幅流出，金额为 1.26 亿美元，其中比特币流出 1.1 亿美元，但本月迄今仍保持 5.55 亿美元的正流入。过去三周一直出现资金外流的比特币空头流入量为 170 万美元，可能是利用了近期价格疲软的机会。

Conclusion: Bitcoin's Resilience and Long-Term Potential Remain Unquestioned

结论：比特币的弹性和长期潜力仍然毋庸置疑

Despite recent market fluctuations and geopolitical headwinds, Bitcoin has demonstrated remarkable resilience and continued to maintain its dominance in the digital asset market. The asset's strong fundamentals, including its limited supply, decentralized nature, and increasing institutional adoption, suggest that its long-term potential remains unquestioned. While short-term volatility is an inherent characteristic of the crypto market, Bitcoin's resilience and long-term value proposition make it an attractive investment for those seeking exposure to a transformative asset class.

尽管近期出现市场波动和地缘政治逆风，比特币仍表现出了非凡的韧性，并继续保持在数字资产市场的主导地位。该资产强大的基本面，包括其有限的供应、去中心化的性质以及不断增加的机构采用，表明其长期潜力仍然不容置疑。虽然短期波动是加密货币市场的固有特征，但比特币的弹性和长期价值主张使其成为那些寻求变革性资产类别的投资者的有吸引力的投资。