分析师表示，比特币 ETF 需求可能会因 BTC 下跌而激增

Could Demand for Bitcoin ETFs Rise as BTC Dips?

随着 BTC 下跌，比特币 ETF 的需求会上升吗？

CryptoQuant CEO Ki Young Ju believes demand for spot Bitcoin ETFs could bounce back if BTC's price continues to slide.

CryptoQuant 首席执行官 Ki Young Ju 认为，如果 BTC 价格继续下滑，对现货比特币 ETF 的需求可能会反弹。

Historical Trends Support the Theory

历史趋势支持该理论

Young Ju notes that historically, demand for Bitcoin ETFs spikes when the cryptocurrency hits certain price points.

Young Ju 指出，从历史上看，当加密货币达到特定价格点时，对比特币 ETF 的需求就会激增。

Recent Data Points to Outflows

最新数据显示资金外流

However, BitMEX Research reports negative net flows in spot BTC ETFs, including outflows from the Grayscale Bitcoin Trust ETF.

然而，BitMEX Research 报告称，现货 BTC ETF 的净流量为负，其中包括灰度比特币信托 ETF 的流出。

Whales and ETFs

鲸鱼和 ETF

Young Ju highlights that new BTC whales, particularly ETF buyers, have an on-chain cost basis of $56,000. He expects significant inflows into ETFs if Bitcoin dips to that level.

Young Ju 强调，新的 BTC 鲸鱼，尤其是 ETF 买家，其链上成本基础为 56,000 美元。他预计，如果比特币跌至这一水平，将会有大量资金流入 ETF。

Possible Further Dip in BTC

比特币可能进一步下跌

Young Ju suggests a potential further correction in BTC, given historical trends that show corrections often result in a 30% drop. This could bring Bitcoin's price down to $51,000 from its recent all-time high of $73,750.

Young Ju 建议 BTC 可能会进一步回调，因为历史趋势表明回调通常会导致 30% 的下跌。这可能会使比特币的价格从近期历史高点 73,750 美元降至 51,000 美元。

Market Conditions and Halving

市场状况和减半

Analysts attribute the recent Bitcoin price correction to overheated market conditions and retracement ahead of the upcoming Bitcoin halving event in April.

分析师将最近的比特币价格调整归因于市场过热以及四月份即将到来的比特币减半事件之前的回调。