比特币 ETF 见证 9 亿美元大规模资金外流

比特币交易所交易基金（ETF）本周经历了大量资金流出，总计近 9 亿美元。灰度比特币 ETF (GBTC) 是造成资金外流的主要因素，自 2024 年 1 月推出以来，资金外流已达 140 亿美元。资金外流恰逢比特币（BTC）价格回调和更广泛的加密货币市场崩盘。尽管资金流出，贝莱德的现货比特币 ETF (IBIT) 的净流入仍然很少，减轻了一些负面影响。

Outflows Galore: Bitcoin ETFs Hit by $900 Million Exodus

大量资金外流：比特币 ETF 损失达 9 亿美元

With a whopping $900 million disappearing from Bitcoin Exchange-Traded Funds (ETFs) this week, the question on everyone's mind is: What's going on? And who's responsible for this massive sell-off?

本周，比特币交易所交易基金 (ETF) 中损失了 9 亿美元，每个人都在思考：到底发生了什么？谁该为这次大规模抛售负责？

Spot Bitcoin ETFs: A Tale of Woe

现货比特币 ETF：一个悲惨的故事

Spot Bitcoin ETFs, which track the price of the digital currency in real time, have been hit particularly hard. Over $888 million has flowed out of these funds, with Friday alone witnessing a $51.6 million net outflow. Grayscale's Bitcoin ETF (GBTC) has been the biggest culprit, hemorrhaging a staggering $14 billion since its January 2024 launch.

实时跟踪数字货币价格的现货比特币 ETF 受到的打击尤其严重。这些基金已流出超过 8.88 亿美元，仅周五就净流出 5160 万美元。 Grayscale 的比特币 ETF (GBTC) 是最大的罪魁祸首，自 2024 年 1 月推出以来，损失了惊人的 140 亿美元。

GBTC's Persistent Pain

GBTC 持续的痛苦

GBTC's woes continued unabated this week, with another $359 million outflow on Thursday, bringing the total for the week to a staggering $1.8 billion. On Wednesday, it suffered a single-day outflow of $386 million, a sobering reminder of its persistent struggles.

GBTC 的困境本周依然有增无减，周四又流出 3.59 亿美元，使本周总资金流出达到惊人的 18 亿美元。周三，该公司单日资金流出 3.86 亿美元，这让人清醒地意识到其持续的挣扎。

BlackRock's Bright Spot

贝莱德的亮点

Amidst the gloomy outflows, BlackRock's Spot Bitcoin ETF (IBIT) has emerged as a beacon of hope. Despite minimal inflows, it has managed to mitigate some of the negative impact on the market. Analyst Michael van de Poppe sees BlackRock's consistent inflows as a sign that institutional buying activity is still ongoing, suggesting that the market cycle is far from over.

在资金流出惨淡的背景下，贝莱德的现货比特币 ETF (IBIT) 成为了希望的灯塔。尽管资金流入很少，但它已成功减轻了对市场的一些负面影响。分析师 Michael van de Poppe 认为，贝莱德持续的资金流入表明机构购买活动仍在持续，表明市场周期远未结束。

Consecutive Days of Outflows

连续几天资金流出

The pain didn't end there. Bitcoin ETFs experienced consecutive days of outflows, with Tuesday seeing a $326 million exodus. GBTC's woes persisted, with a massive $444 million outflow on Tuesday.

痛苦并没有就此结束。比特币 ETF 连续多日流出，周二流出 3.26 亿美元。 GBTC 的困境依然存在，周二资金流出量高达 4.44 亿美元。

Institutional Caution

机构谨慎

Institutional investors seemed cautious ahead of the Federal Open Market Committee (FOMC) decision on March 20, which reflected in subdued inflows across most ETFs.

在 3 月 20 日联邦公开市场委员会 (FOMC) 做出决定之前，机构投资者似乎持谨慎态度，这反映在大多数 ETF 的资金流入减少。

Bitcoin's Price Volatility

比特币的价格波动

Bitcoin's price has also been on a wild ride lately. After hitting an all-time high of $73,836 earlier this month, it plummeted to below $61,000 before rebounding back above $67,000. However, it has since retreated to the $65,000 level again.

比特币的价格最近也一直在疯狂上涨。在本月早些时候触及 73,836 美元的历史高点后，它暴跌至 61,000 美元以下，然后反弹至 67,000 美元上方。然而，此后又回落至 65,000 美元的水平。

Short Squeeze Relief

短挤压救济

Amidst the volatility, Bitcoin has seen a short squeeze, with nearly $30.68 million in short liquidations out of a total of $48.31 million. This forced short traders to buy back their positions to mitigate potential losses, which could provide a temporary boost to the price. However, a massive correction could follow later.

在波动中，比特币出现了轧空，总计 4831 万美元的空头清算中有近 3068 万美元。这迫使空头交易者回购头寸以减轻潜在损失，这可能会暂时提振价格。然而，稍后可能会出现大规模调整。

Crypto Market Crash

加密货币市场崩盘

The crypto market as a whole has also been in a downward spiral. Ethereum (ETH) has crashed below $3,200 from its recent high of $4092. Solana (SOL) has also taken a hit, slumping below $180 despite surging past $200 earlier this month.

整个加密货币市场也一直处于螺旋式下降之中。以太坊 (ETH) 从近期高点 4092 美元跌破 3200 美元。 Solana (SOL) 也受到了打击，尽管本月初飙升至 200 美元以上，但仍跌至 180 美元以下。