比特币四月份暴跌，这是自 FTX 崩盘以来最糟糕的一个月，ETF 炒作减弱

比特币经历了自 11 月份 FTX 崩盘以来最糟糕的一个月，由于对美国交易所交易基金的热情消退以及美联储降息的希望减弱，4 月份比特币下跌了 16%。加密货币领域也紧随其后，以太坊和 Solana 遭受了更大的损失，而加密货币公司的股票则暴跌。尽管比特币减半备受期待，但其影响微乎其微，因为交易数量和矿工奖励并未受到影响。

Bitcoin Tumbles in April, Worst Month Since FTX Collapse as ETF Euphoria Wanes

比特币四月份暴跌，这是自 FTX 崩盘以来最糟糕的一个月，ETF 热情消退

Bitcoin has experienced its most significant monthly decline since the collapse of Sam Bankman-Fried's FTX empire, as the initial enthusiasm surrounding US exchange-traded funds (ETFs) for the largest digital asset subsides.

随着美国交易所交易基金（ETF）对最大数字资产的最初热情消退，比特币经历了自 Sam Bankman-Fried 的 FTX 帝国崩溃以来最严重的月度跌幅。

Bitcoin plunged almost 16% in April, narrowly surpassing the decline witnessed in November 2022. The US-ETF induced rally propelled Bitcoin to a record high of nearly $74,000 in March. However, as expectations for Federal Reserve interest rate cuts dwindle, demand for risky investments has waned, resulting in a substantial decrease in inflows into these products.

比特币 4 月份暴跌近 16%，略超 2022 年 11 月的跌幅。美国 ETF 引发的反弹推动比特币在 3 月份创下近 74,000 美元的历史新高。然而，随着美联储降息预期减弱，对风险投资的需求减弱，导致流入这些产品的资金大幅减少。

On Tuesday, Bitcoin's decline of nearly 5% to around $60,000 had a ripple effect on the broader cryptocurrency market. Smaller rivals such as Ether and Solana, as well as memecoins, experienced even more significant losses. Shares of companies associated with the cryptocurrency industry also closed lower.

周二，比特币下跌近 5%，至 60,000 美元左右，对更广泛的加密货币市场产生了连锁反应。以太坊和 Solana 等规模较小的竞争对手以及模因币遭受了更严重的损失。与加密货币行业相关的公司股价也收低。

Data from April 29 indicates net outflows of $182 million from the 11 US spot ETFs. In contrast, these funds witnessed a massive $4.6 billion in net inflows in March. The US Securities and Exchange Commission (SEC) approved these funds in January.

4月29日的数据显示，11只美国现货ETF净流出1.82亿美元。相比之下，这些基金 3 月份的净流入高达 46 亿美元。美国证券交易委员会 (SEC) 一月份批准了这些基金。

"ETFs provided a new avenue for participation that became immensely popular, far exceeding anyone's expectations," explained Seth Ginns, managing partner and head of liquid investments at Coinfund, in an interview with Bloomberg Television on Tuesday. "This led to a rapid appreciation of Bitcoin's value, surpassing initial projections."

Coinfund 管理合伙人兼流动性投资主管 Seth Ginns 周二在接受彭博电视台采访时解释道：“ETF 提供了一种新的参与方式，这种方式变得非常受欢迎，远远超出了任何人的预期。” “这导致比特币价值迅速升值，超出了最初的预测。”

The highly anticipated Bitcoin halving, an event that occurs every four years and reduces the supply of new coins entering the market, historically serving as a catalyst for price growth, had minimal impact following its implementation on April 19. While the halving did not affect the number of transactions that can be processed per block, it did reduce the number of new Bitcoins awarded to miners by half.

备受期待的比特币减半是每四年发生一次的事件，减少了进入市场的新硬币的供应，历史上一直是价格上涨的催化剂，但在 4 月 19 日实施后影响甚微。每个区块可以处理的交易数量，它确实将授予矿工的新比特币数量减少了一半。

Shares of cryptocurrency mining companies experienced a steeper decline than the price of Bitcoin itself. Marathon Digital Holdings Inc. dropped by 11%, Riot Platforms Inc. fell by 8.8%, Cleanspark Inc. declined by 9.6%, and Cipher Mining Inc. dipped by 7.9%.

加密货币矿业公司的股价跌幅超过了比特币本身的价格。 Marathon Digital Holdings Inc.下跌11%，Riot Platforms Inc.下跌8.8%，Cleanspark Inc.下跌9.6%，Cipher Mining Inc.下跌7.9%。

Additionally, MicroStrategy Inc. plummeted by 18%. The software company, which has made purchasing Bitcoin a core part of its corporate strategy, reported a $53 million loss in the first quarter on Monday. Despite the cryptocurrency's surge during the period, the firm took an impairment charge against the value of its Bitcoin holdings.

此外，MicroStrategy Inc. 股价暴跌 18%。这家软件公司将购买比特币作为其公司战略的核心部分，周一公布第一季度亏损 5300 万美元。尽管加密货币在此期间飙升，但该公司仍对其持有的比特币价值计提了减值费用。

Market observers had anticipated a potential tailwind from Asia and had their sights set on the Bitcoin and Ether spot ETF listings in Hong Kong. However, the Tuesday debut failed to ignite investor confidence. Data compiled by Bloomberg shows that the six new ETFs recorded a combined trading volume of $11 million in their initial session, which pales in comparison to the $4.6 billion total volume achieved by the 10 US spot-Bitcoin products on their debut.

市场观察人士曾预计亚洲可能带来的推动力，并将目光投向了在香港上市的比特币和以太币现货 ETF。然而，周二的首秀未能激发投资者信心。彭博社整理的数据显示，这六只新 ETF 在首日交易中的总交易量为 1100 万美元，与美国 10 种现货比特币产品首次亮相时的 46 亿美元总交易量相比，相形见绌。

"The market had built up irrational expectations ahead of the launch of the Hong Kong ETFs," said Vetle Lunde, an analyst at K33 Research.

K33 Research 分析师 Vetle Lunde 表示：“在香港 ETF 推出之前，市场已经建立了非理性预期。”

Ether, the second largest cryptocurrency by market capitalization, declined by 18% in April, its largest monthly decline since June 2022.

按市值计算的第二大加密货币以太币 4 月份下跌了 18%，这是自 2022 年 6 月以来的最大月度跌幅。

In March, the SEC requested information from various companies as part of its review of Ether. Last week, crypto software company Consensys filed a lawsuit challenging the SEC's authority to regulate the Ethereum blockchain and Ether, marking the latest legal battle between the crypto industry and the agency.

今年三月，美国证券交易委员会要求多家公司提供信息，作为其对以太币审查的一部分。上周，加密软件公司 Consensys 提起诉讼，挑战 SEC 监管以太坊区块链和以太币的权力，标志着加密行业与该机构之间的最新法律战。

Other smaller and more volatile tokens, such as Dogecoin and Polkadot, experienced even steeper declines on Tuesday. Such altcoins tend to outperform Bitcoin during market rallies and suffer more significant losses during downturns.

其他规模较小且波动性较大的代币，例如狗狗币和波卡，周二的跌幅甚至更大。此类山寨币在市场上涨期间往往表现优于比特币，而在市场低迷期间遭受更严重的损失。