比特币价格面临大量流出的压力

比特币价格继续面临逆风，因为关于数字资产基金流量的最新报告显示，来自数字资产的流出量惊人的7.51亿美元。此撤回的巨大数量引起了关于机构是否可能从旗舰加密货币兑现的警报。

The latest report from CoinShares has revealed massive outflows from the crypto market, with a staggering $795 million in outflows reported over the past week.

Coinshares的最新报告显示了加密货币市场的大量外流，过去一周中报道了7.95亿美元的外流。

According to the report, $751 million of the outflows came from Bitcoin (BTC), marking one of the largest single-week outflows of the year. This follows a previous report from AnChain.AI which highlighted a potential pattern of large-scale Bitcoin outflows linked to a specific exchange, potentially indicating institutional activity.

根据该报告，其中7.51亿美元的外流来自比特币（BTC），这标志着年度最大的单周外流之一。这是在Anchain.ai的先前报告之后，该报告强调了与特定交换相关的大规模比特币流出的潜在模式，这可能表明机构活动。

The report highlights that since early February 2025, digital asset investment products have suffered cumulative outflows of approximately $7.2 billion, effectively erasing almost all the year-to-date inflows. Notably, this week marks the third consecutive week of declines, with Bitcoin leading the downturn and recording the most significant losses among major digital assets.

该报告强调，自2025年2月上旬以来，数字资产投资产品的累积流出约为72亿美元，实际上几乎从所有年初到期的流入都删除了。值得注意的是，本周标志着连续第三周的下降，比特币带领下滑，并记录了主要数字资产中最重大的损失。

As of this report, net flows for 2025 have dwindled to a modest $165 million, a sharp drop from a multi-billion dollar peak just two months ago. This steep decline underscores a cooling sentiment among institutional investors and highlights a growing sense of caution amid ongoing market volatility.

截至本报告时，2025年的净流量已减少到一个适中的1.65亿美元，仅两个月前的数十亿美元的峰值下降了。这种急剧下降强调了机构投资者中的冷却情绪，并强调了在不断发展的市场波动中越来越谨慎的感觉。

The report further disclosed that despite the outflows, Bitcoin still maintains a moderately positive position with $545 million in net year-to-date inflows. However, the sheer scale and speed of the latest outflows do raise concern.

该报告进一步透露，尽管流出了，但比特币仍然保持中等积极的位置，净净流入净流入为5.45亿美元。但是，最新流出的规模和速度确实引起了人们的关注。

With Bitcoin suffering such a massive withdrawal, it signals a potential shift in sentiment among institutions. Whether it’s due to profit-taking or macroeconomic uncertainty, this move suggests that big players are beginning to pull out — at least in the short term.

随着比特币的大规模撤离，它标志着机构之间的情感可能转变。无论是由于获利还是宏观经济的不确定性，此举都表明，至少在短期内，大型球员开始退出。

In addition to Bitcoin, which saw an outflow of $751 million, other cryptoassets also reported outflows. Notably, Ethereum experienced outflows of $37 million, while Solana, Agave, and SUI posted losses of $5.1 million, $0.78 million, and $0.58 million, respectively.

除了比特币的流出7.51亿美元的流出外，其他加密货币还报告了外流。值得注意的是，以太坊经历了3,700万美元的流出，而Solana，Agave和Sui的流出分别为510万美元，78万美元和558万美元。

Surprisingly, even short Bitcoin products, designed to benefit from market downturns, weren’t spared, recording $4.6 million in outflows.

令人惊讶的是，即使是简短的比特币产品，旨在从市场低迷中受益，但尚未幸免，却记录了460万美元的外流。

This latest report from CoinShares provides a bleak outlook on the institutional appetite for crypto assets. As the market continues to navigate a volatile landscape, the role of institutions and their investment activity will be critical in determining the long-term trajectory of the industry.

Coinshares的最新报告对加密资产的机构胃口造成了黯淡的前景。随着市场继续驾驶波动的景观，机构的作用及其投资活动对于确定行业的长期轨迹至关重要。

Tariffs and political volatility drive outflows

关税和政治波动驱动力流出

One of the key drivers behind the pullback across digital assets is the rising economic uncertainty sparked by tariff polices that have adversly influenced investor sentiment.

在数字资产中回落背后的主要驱动力之一是关税政策引起的经济不确定性不断上升，这些关税政策对投资者的情绪影响很大。

The report highlighted that the wave of negative sentiment began in February after United States (US) President Donald Trump announced plans to impose tariffs on all imports coming into the country from Canada, Mexico, and China. However, a late-week rebound in crypto prices was seen after Trump’s temporary reversal of the controversial tariffs, providing a brief respite for the market.

该报告强调，在美国总统唐纳德·特朗普（Donald Trump）宣布计划对来自加拿大，墨西哥和中国进入该国的所有进口征收关税的计划之后，消极情绪的浪潮始于2月。但是，在特朗普暂时撤销了有争议的关税之后，立即看到了加密货币价格的深夜反弹，这为市场提供了短暂的喘息。

This policy shift helped boost total Asset Under Management (AUM) across digital assets from a low of $120 billion on April 8 to $130 billion, marking an 8% recovery.

这种政策转变有助于将数字资产管理总资产（AUM）从4月8日的1,200亿美元提高到1300亿美元，标志着8％的回收率。