复活节后抛售中比特币暴跌超过 5%

继 4 月 1 日试图夺回 68,000 美元支撑位失败后，比特币 (BTC) 暴跌 5.38% 至 66,700 美元，自第二季度初以来的跌幅扩大至 6.3%。比特币 ETF（尤其是 Grayscale 的 GBTC）的机构资金外流导致了价格下跌。 QCP Capital 等做市商警告称，加密期权市场上看涨期权卖出和看跌期权买入增加将带来下行压力。币安等交易所的大量清算也推动了抛售，永续合约融资利率从 77% 降至零。

Bitcoin Price Plunges Over 5% Following Easter Weekend Sell-Off

复活节周末抛售后比特币价格暴跌超过 5%

After a brief attempt to reclaim the $68,000 support level on April 1, Bitcoin (BTC) encountered a dramatic reversal, tumbling below $68,000 and experiencing a sharp 5.38% decline. At the time of this report, BTC is trading at $66,700, marking a 6.3% decrease since the commencement of Q2.

比特币（BTC）在4月1日短暂尝试收复68,000美元支撑位后，遭遇戏剧性逆转，跌破68,000美元，暴跌5.38%。截至本报告发布时，BTC 交易价格为 66,700 美元，自第二季度开始以来下跌了 6.3%。

This significant price drop coincides with continued institutional outflows from spot Bitcoin exchange-traded funds (ETFs) in the aftermath of the extended Easter weekend. Grayscale Bitcoin Trust (GBTC) witnessed outflows amounting to $302.6 million on April 1, eclipsing the combined inflows of $209.9 million from BlackRock's IBIT and Fidelity's FBTC. Consequently, the net outflow stands at $85.7 million.

此次价格大幅下跌恰逢复活节周末延长后机构资金持续从现货比特币交易所交易基金（ETF）流出。 4 月 1 日，灰度比特币信托 (GBTC) 的资金流出额达到 3.026 亿美元，超过了贝莱德 (BlackRock) 的 IBIT 和富达 (Fidelity) 的 FBTC 2.099 亿美元的流入总和。因此，净流出为 8570 万美元。

QCP Capital, a reputable trading firm and market maker based in Singapore, has cautioned regarding intensifying downward pressure across cryptocurrency spot markets in its recent "Asia Morning Color" Telegram update. The firm attributes this trend to early indications provided by the crypto options market, where elevated activity in selling calls and purchasing puts for both BTC and ETH has exacerbated spot price declines.

总部位于新加坡的知名交易公司和做市商 QCP Capital 在其最近的“亚洲晨报”Telegram 更新中就加密货币现货市场下行压力加剧发出警告。该公司将这一趋势归因于加密货币期权市场提供的早期迹象，其中 BTC 和 ETH 卖出看涨期权和买入看跌期权的活动增加，加剧了现货价格下跌。

QCP Capital further emphasizes that the precipitous sell-off in BTC and other cryptocurrencies stems from substantial liquidations on exchanges such as Binance. Perpetual contracts funding rates have plummeted from a peak of 77% to flat, reflecting a reversal of market sentiment.

QCP Capital 进一步强调，BTC 和其他加密货币的急剧抛售源于币安等交易所的大量清算。永续合约融资利率已从 77% 的峰值暴跌至持平，反映出市场情绪的逆转。

Analysis of exchange order book liquidity on Binance by Material Indicators paints a concerning picture for BTC's price trajectory in the lead-up to the upcoming Bitcoin halving. The firm notes an increase in bid liquidity around $60,000, implying that "smart money" has positioned bids as low as $62,000.

Material Indicators 对币安交易所订单簿流动性的分析描绘了一幅关于即将到来的比特币减半之前的 BTC 价格轨迹的令人担忧的图景。该公司指出，出价流动性增加了约 60,000 美元，这意味着“聪明的资金”将出价定为低至 62,000 美元。

These developments underscore the precarious state of the Bitcoin market, which has been grappling with a confluence of factors, including institutional outflows, market volatility, and the looming halving event. Investors should exercise caution and monitor the situation closely as the price of Bitcoin navigates this period of uncertainty.

这些事态发展凸显了比特币市场的不稳定状态，该市场一直在努力应对多种因素，包括机构资金外流、市场波动和迫在眉睫的减半事件。随着比特币价格度过这段不确定时期，投资者应保持谨慎并密切关注局势。