在 ETF 流入的推动下，比特币价格飙升至 70,000 美元以上

本周，比特币在日本的价格继续上涨，达到 1060 万日元（7 万美元）左右。受Coinbase股价飙升影响，BTC周末突破1000万日元。然而，由于 SEC 和 Coinbase 之间的诉讼，涨幅在 71,000 美元附近停滞。 BTC 的跌幅受到美股飙升和资金流入贝莱德 IBIT 的限制。尽管美国实物比特币 ETF 出现净流入，但在 2 月份美国 PCE 价格指数公布之前，市场仍保持谨慎态度，该指数可能决定 BTC 的近期走向。

Bitcoin Price Soars to $70,000 Mark, Boosted by US Spot ETF Inflows

受美国现货 ETF 流入提振，比特币价格飙升至 70,000 美元大关

The Bitcoin market has witnessed a surge in prices this week, with the leading cryptocurrency hovering around the $70,000 level, equivalent to approximately 10.6 million yen. This bullish momentum has been driven by a combination of factors, including positive developments in the United States spot exchange-traded funds (ETFs) and the broader financial market.

本周，比特币市场价格飙升，主要加密货币徘徊在 7 万美元左右，相当于约 1060 万日元。这种看涨势头是由​​多种因素推动的，包括美国现货交易所交易基金（ETF）和更广泛的金融市场的积极发展。

On-Chain Data Sheds Light on Market Sentiment

链上数据揭示市场情绪

On-chain data provides valuable insights into the underlying dynamics of the Bitcoin network. The number of BTC transactions and active addresses has remained relatively stable over the past week, indicating a steady level of network activity. Furthermore, the flow of funds into US spot Bitcoin ETFs has turned positive, signaling a renewed interest in digital assets among institutional investors.

链上数据为比特币网络的底层动态提供了宝贵的见解。过去一周，BTC 交易和活跃地址数量保持相对稳定，表明网络活动水平稳定。此外，流入美国现货比特币 ETF 的资金已转为正值，表明机构投资者对数字资产重新产生了兴趣。

Bitbank Analyst Deciphers Market Outlook

Bitbank 分析师解读市场前景

Bitbank analyst Tomoya Hasegawa offers his expert insights into the Bitcoin market outlook:

Bitbank 分析师 Tomoya Hasekawa 提供了他对比特币市场前景的专业见解：

"The Bitcoin price has maintained its upward trajectory this week, reaching the $70,000 milestone. The resurgence of inflows into US spot Bitcoin ETFs has played a significant role in this momentum. However, the market remains cautious ahead of the release of the February US personal consumption expenditure (PCE) price index, which is likely to impact the near-term direction of the market."

“比特币价格本周保持上涨轨迹，达到了 70,000 美元的里程碑。流入美国现货比特币 ETF 的复苏在这一势头中发挥了重要作用。不过，在 2 月份美国个人数据发布之前，市场仍保持谨慎态度消费支出（PCE）价格指数，这可能会影响市场的近期方向。”

US PCE Price Index Looms Large

美国PCE价格指数显着上升

The release of the US PCE price index on March 29th is a highly anticipated event that could shape the market sentiment. The index is a measure of inflation, and a stronger-than-expected reading could raise concerns about the Federal Reserve's potential tightening of monetary policy. This could lead to a pullback in risk assets, including Bitcoin.

3 月 29 日公布的美国 PCE 价格指数是备受期待的事件，可能会影响市场情绪。该指数是衡量通胀的指标，强于预期的数据可能会引发人们对美联储可能收紧货币政策的担忧。这可能导致包括比特币在内的风险资产回落。

CME Futures Window Suggests Potential Pullback

芝商所期货窗口显示潜在回调

The Chicago Mercantile Exchange (CME) futures market provides insights into market expectations for future price movements. The window that opened at the beginning of this week has not yet been filled, indicating a potential for the Bitcoin price to retreat. If the PCE price index exceeds expectations, this could accelerate the downward move.

芝加哥商品交易所 (CME) 期货市场提供了有关市场对未来价格变动的预期的见解。本周初打开的窗口尚未填满，这表明比特币价格有可能回落。如果PCE价格指数超出预期，可能会加速下行。

All-Time High Within Reach

历史新高触手可及

However, a softer-than-expected PCE reading could boost the Bitcoin price and open up the possibility of testing the all-time high of $74,000. The market's direction in the coming week will be heavily influenced by the outcome of this key economic data release.

然而，低于预期的 PCE 数据可能会提振比特币价格，并有可能测试 74,000 美元的历史高点。未来一周市场的走向将在很大程度上受到这一关键经济数据发布结果的影响。

Contributor Profile: Tomoya Hasegawa

贡献者简介：长谷川智也

Tomoya Hasegawa, a market analyst at Bitbank Co., Ltd., holds a degree from a British graduate school. He brings a wealth of experience in the FinTech industry and virtual currency market. Hasegawa has provided commentary to leading domestic financial media and contributed to numerous international publications.

长谷川智也 (Tomoya Hasekawa) 是 Bitbank 有限公司的市场分析师，拥有英国研究生院的学位。他在金融科技行业和虚拟货币市场拥有丰富的经验。长谷川曾为国内领先的财经媒体提供评论，并为众多国际出版物做出贡献。

Conclusion

结论

The Bitcoin market remains in a delicate balance, poised between the potential for further gains and the risk of a pullback. The release of the US PCE price index on March 29th will be a pivotal event that could determine the direction of the market in the short term. Investors are advised to monitor the situation closely and adjust their strategies accordingly.

比特币市场仍然保持着微妙的平衡，介于进一步上涨的潜力和回调的风险之间。 3月29日公布的美国PCE物价指数将是决定短期市场走向的关键事件。建议投资者密切关注事态发展并相应调整策略。