比特币创历史新高回调引发对现货 ETF 和价格稳定性的担忧

比特币最近 10% 的回撤抑制了对现货比特币 ETF 的需求。摩根大通分析师预计减半后价格将下跌，理由是 ETF 流量减少和 CME 比特币期货未平仓合约持续存在。该资产的价格已跌至 64,212 美元，跌幅 1.94%，与摩根大通预测其将跌向 42,000 美元的悲观前景相呼应。尽管 3 月份创下了 73,798 美元的历史新高，但投资者的热情正在减弱，如果减半后兴趣没有回升，可能会导致价格跌破 50,000 美元。

Bitcoin's Post-All-Time High Deceleration Raises Concerns for Spot ETFs and Price Stability

比特币创历史新高减速引发对现货 ETF 和价格稳定性的担忧

Amidst a surge to its all-time high on March 14th, Bitcoin has retraced a significant 10%, prompting a reassessment of investor appetite for spot Bitcoin exchange-traded funds (ETFs) and raising concerns about the potential impact of Bitcoin's upcoming halving event.

在 3 月 14 日飙升至历史新高的过程中，比特币大幅回撤了 10%，促使投资者重新评估现货比特币交易所交易基金 (ETF) 的兴趣，并引发了人们对比特币即将减半事件潜在影响的担忧。

JP Morgan Chase & Co. analysts have expressed apprehension about a possible further price decline following the halving, which is scheduled for April. The halving event is expected to reduce the supply of newly minted Bitcoins into circulation, potentially triggering a supply shock that could affect the currency's price trajectory.

摩根大通分析师对定于四月份减半后价格可能进一步下跌表示担忧。减半事件预计将减少新铸造的比特币进入流通的供应，可能引发供应冲击，从而影响该货币的价格轨迹。

Data analysis reveals that ten-spot Bitcoin ETFs have experienced their most substantial three-day outflow since their inception on January 11th, 2024. This outflow, coupled with a significant price decline, has placed Bitcoin on track for one of its worst weeks of the year. As of 6:57 a.m. GMT on March 22nd, Bitcoin's value had dropped to $65,415, with a further decline to $64,212.00 USD at 7:59 p.m. GMT, indicating a 1.94% decrease in price.

数据分析显示，十现货比特币 ETF 经历了自 2024 年 1 月 11 日推出以来最大幅度的三天资金流出。这种资金流出，加上价格大幅下跌，使比特币有望迎来有史以来最糟糕的一周之一。年。截至 3 月 22 日格林威治标准时间早上 6:57，比特币的价值已跌至 65,415 美元，并于晚上 7:59 进一步跌至 64,212.00 美元。 GMT，表明价格下跌 1.94%。

JP Morgan strategists have reiterated their February prediction of a potential decline in Bitcoin's price due to the halving event and the presence of sustained open interest in CME Bitcoin futures, alongside declining ETF flows. The bank's bearish outlook anticipates a post-halving price drift to around $42,000.

摩根大通策略师重申了他们 2 月份的预测，即由于减半事件和 CME 比特币期货持续未平仓合约以及 ETF 流量下降，比特币价格可能下跌。该银行的悲观前景预计减半后价格将漂移至 42,000 美元左右。

The recent outflows from ETFs, including the Grayscale Bitcoin Trust, amounting to approximately $836 million, suggest a moderation in investor enthusiasm. This trend has raised concerns among some experts, who warn that if the current interest wanes, Bitcoin's price could potentially fall below $50,000 post-halving.

最近，包括灰度比特币信托基金在内的 ETF 资金流出金额约为 8.36 亿美元，表明投资者热情有所放缓。这一趋势引起了一些专家的担忧，他们警告说，如果当前的兴趣减弱，比特币的价格可能会在减半后跌至 50,000 美元以下。

Despite Bitcoin's record high in March, the decline in retail trader interest has cast a shadow over the asset's future trajectory. Analysts and investors alike are monitoring the market closely, mindful of the potential impact of the halving event and the need for sustained interest to maintain Bitcoin's stability.

尽管比特币在三月份创下历史新高，但零售交易者兴趣的下降给该资产的未来轨迹蒙上了阴影。分析师和投资者都在密切关注市场，关注减半事件的潜在影响以及维持比特币稳定所需的持续兴趣。