比特币表现出一定的弹性

比特币显示出一种韧性水平，使许多市场观察家感到惊讶，尤其是面对更广泛的市场抛售。

Bitcoin has shown a level of resilience that has surprised many market observers, particularly in the face of broader market sell-offs.

比特币显示出一种韧性水平，使许多市场观察家感到惊讶，尤其是面对更广泛的市场抛售。

Analysts are now suggesting that Bitcoin might be in the process of decoupling from traditional risk assets, such as stocks and gold. The current economic climate, coupled with Bitcoin’s ability to maintain its value while traditional markets experience significant turmoil, is giving rise to the possibility of Bitcoin emerging as a store of value, similar to gold.

分析师现在暗示比特币可能正在与传统风险资产（例如股票和黄金）解耦。当前的经济环境，再加上比特币保持其价值的能力，而传统市场经历了严重的动荡，这使得比特币将比特币作为价值储存的可能性，类似于黄金。

On April 3, the U.S. stock market experienced one of its worst sell-offs in years, with investors pulling out $2.85 trillion from the market, largely due to President Donald Trump’s statement of a tariff hike.

4月3日，美国股市经历了多年来最糟糕的售罄之一，投资者从市场上撤出了2.8.5万亿美元，这在很大程度上是由于唐纳德·特朗普总统对关税加息的声明。

This was followed by another $1.5 trillion in withdrawals on April 4, making for a brutal two-day period for the broader financial market.

随后，4月4日的撤军又有1.5万亿美元，这使得更广泛的金融市场为期两天。

However, during this time, Bitcoin and the broader crypto market showed remarkable resilience. Despite the massive outflows from traditional markets, $5.4 billion flowed into the cryptocurrency sector on April 4.

但是，在这段时间里，比特币和更广泛的加密货币市场表现出显着的弹性。尽管传统市场流出了大量流出，但4月4日，54亿美元流入了加密货币行业。

This marked a significant shift in sentiment among global investors, with Bitcoin leading the trend as it managed to hold its ground, trading above the $80,000 mark despite the negative movements in traditional risk assets.

这标志着全球投资者的情绪发生了重大转变，尽管传统风险资产的负面变动，但比特币设法持有其地面，比特币领先于80,000美元。

Interestingly, even gold, often viewed as a traditional safe haven, saw a sharp drop after reaching an all-time high of $3,167 on April 3. By April 4, gold had fallen to just below $3,000.

有趣的是，即使黄金也经常被视为传统的避风港，在4月3日达到3,167美元的历史最高水平后，出现了急剧下降。到4月4日，黄金跌至3,000美元以下。

The resilience of Bitcoin, in contrast to the decline of gold and the broader market turmoil, has led many analysts to reconsider Bitcoin’s role in the market.

比特币的弹性与黄金的下降和更广泛的市场动荡相比，许多分析师重新考虑了比特币在市场上的作用。

Traditionally seen as a highly volatile asset, Bitcoin may now be positioning itself as a store of value, an aspect that is often associated with precious metals like gold.

传统上，比特币现在被视为一种高度挥发性的资产，现在可能将自己定位为价值存储，这通常与黄金等贵金属有关。

“It’s truly shocking to see Bitcoin holding up so well today given the massive sell-off in equities,” remarked Bloomberg ETF analyst James Seyffart.

彭博ETF分析师詹姆斯·塞法特（James Seyffart）说：“鉴于股票的大量抛售，今天看到比特币坚持得很好，真是令人震惊。”

For the first time in months, Bitcoin showed the potential to move independently from traditional risk assets, which had lost a combined $4.34 trillion in value over two days.

比特币这是几个月来的第一次，有可能独立于传统风险资产行驶，而传统风险资产在两天内损失了4.34万亿美元的总价值。

Adam Back, co-founder of Blockstream, went a step further, suggesting that Bitcoin might finally be decoupling from traditional financial markets.

Blockstream的联合创始人亚当（Adam Back）迈出了一步，这表明比特币最终可能与传统金融市场取消。

This shift could have significant implications for the future of Bitcoin, especially as it moves closer to being considered a store of value like gold.

这种转变可能会对比特币的未来产生重大影响，尤其是因为它更接近被认为是黄金之类的价值存储。

In traditional markets, the correlation between Bitcoin and stocks has relatively high, with Bitcoin often mirroring the movements of the broader market. However, the events of April suggest that this may no longer be the case.

在传统市场中，比特币与股票之间的相关性相对较高，比特币通常反映出更广泛的市场的运动。但是，四月的事件表明情况不再是这种情况。

Bitcoin’s performance above $80,000 during a time of severe market stress could indicate that the cryptocurrency is maturing and gaining strength as an independent asset class.

在严重的市场压力期间，比特币的绩效超过80,000美元，可能表明加密货币正在成熟，并随着独立资产类别而获得实力。

Part of Bitcoin’s recent strength can be attributed to continued demand from institutional players. Companies like MicroStrategy (NASDAQ:MSTR) and Marathon Digital (NASDAQ:MARA) have been ramping up their Bitcoin purchases, and most recently, GameStop (NYSE:GME) declared that it would adopt Bitcoin as its primary treasury asset.

比特币最近实力的一部分可以归因于机构参与者的持续需求。像MicroStrategy（NASDAQ：MSTR）和Marathon Digital（NASDAQ：MARA）这样的公司一直在增加其比特币购买，最近，GameStop（NYSE：GME）宣布它将采用比特币作为其主要国库券。

GameStop also revealed plans to raise $1.3 billion to buy more Bitcoin. Analysts believe that the influx of institutional demand is helping Bitcoin hold its value during times of volatility in traditional markets.

Gamestop还揭示了筹集13亿美元购买更多比特币的计划。分析人士认为，机构需求的涌入正在帮助比特币在传统市场波动率时具有其价值。

At the time of writing, Bitcoin is trading at $83,338, up 1.2% over the past week. This relatively stable performance amidst broader market chaos highlights Bitcoin’s emerging maturity.

在撰写本文时，比特币的交易价格为83,338美元，比过去一周增长了1.2％。在更广泛的市场混乱中，这种相对稳定的表现突出了比特币的新兴成熟度。

As Bitcoin becomes more entrenched in institutional portfolios, its role as a potential store of value will only become more pronounced.

随着比特币在机构投资组合中变得更加根深蒂固，其作为潜在价值存储的作用只会变得更加明显。