美联储言论引发 ETF 大规模流出后，比特币市值缩水 500B 美元

急剧下跌是由多种因素共同造成的，包括美联储最近对利率的强硬立场以及更广泛的市场不安

Bitcoin (BTC) price action took a steep downturn last week, dropping over 10% in just seven days. The downturn began after the Federal Reserve announced its decision to raise interest rates again at its December 17 meeting.

比特币 (BTC) 价格走势上周急剧下滑，短短 7 天内下跌了 10% 以上。美联储在 12 月 17 日会议上宣布再次加息的决定后，经济开始下滑。

In a bid to curb inflation, the central bank opted for a smaller rate hike of 25 basis points, down from 50 basis points in the previous meeting. However, the Fed also signaled that it would maintain higher rates for an extended period to bring inflation down to its target of 2%.

为了抑制通胀，央行选择小幅加息25个基点，低于上次会议的50个基点。不过，美联储也表示将长期维持较高利率，以将通胀率降至2%的目标。

The statement had a significant impact on financial markets, sparking a shift away from risky assets. Cryptocurrency exchange-traded funds (ETFs) also saw a record net outflow last Thursday, following comments from Fed Chair Jerome Powell indicating that rate cuts in 2025 would be more gradual than some had anticipated.

该声明对金融市场产生了重大影响，引发了人们对风险资产的转向。继美联储主席杰罗姆·鲍威尔表示 2025 年降息将比一些人预期更加渐进之后，加密货币交易所交易基金 (ETF) 上周四也出现了创纪录的净流出。

Data from European fund manager CoinShares showed that investors withdrew a staggering $576 million in a single day, bringing total outflows to $1 billion by Friday. This shift occurred despite a strong week of inflows, with investors pouring $3.2 billion into crypto funds in the week prior.

欧洲基金管理公司 CoinShares 的数据显示，投资者单日撤资高达 5.76 亿美元，截至周五，资金流出总额达到 10 亿美元。尽管本周资金流入强劲，但这种转变还是发生了，投资者在前一周向加密货币基金注入了 32 亿美元。

According to analysts, the rising interest rates could continue to put pressure on high-risk assets. In the past, Bitcoin has performed better in lower-rate environments, which tend to encourage speculative investment in cryptocurrencies. As the market now braces for a less accommodative monetary policy, some traders are shifting their focus to alternative digital assets and decentralized finance (DeFi) products in search of potential gains.

分析师表示，利率上升可能继续给高风险资产带来压力。过去，比特币在较低利率环境中表现更好，这往往会鼓励对加密货币的投机投资。随着市场现在准备迎接不太宽松的货币政策，一些交易者正在将注意力转向另类数字资产和去中心化金融（DeFi）产品，以寻求潜在收益。

While Bitcoin usually attracts the bulk of investor attention, data reveals a gradual rotation into alternative tokens and related investment products. CoinShares reported that Ethereum-focused funds saw $51 million in inflows last week, while Solana-based products experienced outflows of $8.7 million. This preference for Ethereum indicates that some investors are diversifying away from Bitcoin in the midst of ongoing market turbulence.

虽然比特币通常会吸引大部分投资者的注意力，但数据显示比特币逐渐转向替代代币和相关投资产品。 CoinShares 报告称，专注于以太坊的基金上周流入 5100 万美元，而基于 Solana 的产品则流出 870 万美元。这种对以太坊的偏好表明，在持续的市场动荡中，一些投资者正在从比特币转向多元化。

Despite the recent downturn, Bitcoin remains the key barometer for the crypto market. Its volatility and price direction largely determine the overall sentiment toward digital assets. If Bitcoin stabilizes in the coming days, positive market momentum could resume, especially if investors believe the impact of Fed policy decisions will be short-lived.

尽管最近出现低迷，比特币仍然是加密货币市场的关键晴雨表。其波动性和价格方向很大程度上决定了人们对数字资产的整体情绪。如果比特币在未来几天稳定下来，积极的市场势头可能会恢复，特别是如果投资者认为美联储政策决定的影响将是短暂的。