随着市场权衡美联储、通胀和减半影响，比特币涨势放缓

在减半事件的预期下，比特币价格反弹，交易价格高于关键水平约 70,548 美元。尽管数字资产投资产品的资金流入放缓，比特币 ETF 的资金流出创下历史新高，但链上活动却有所下降，这表明未来该代币的涨势可能放缓，波动性加大。

Is Bitcoin's Rally on Pause?

比特币涨势暂停了吗？

Bitcoin's upward trajectory continued on Tuesday, with a 4.5% jump to $70,548.1. The digital asset remained close to its record high set earlier this year, buoyed by anticipation of the upcoming halving event.

比特币周二继续上涨，上涨 4.5% 至 70,548.1 美元。由于对即将到来的减半事件的预期，该数字资产仍接近今年早些时候创下的历史新高。

Fed, Inflation Jitters Weigh on Gains

美联储、通胀担忧拖累涨幅

However, the token's ascent was tempered by a strengthened dollar due to anticipation of upcoming cues on U.S. inflation data and the Federal Reserve's stance.

然而，由于预期美国通胀数据和美联储立场即将公布，美元走强阻碍了该代币的上涨。

Halving Event: A Shot in the Arm

减半事件：一针强心剂

Much of Bitcoin's recent momentum stems from the impending halving event, which will reduce the token's supply by 50%. The highly anticipated event is expected to occur in April.

比特币最近的势头很大程度上源于即将到来的减半事件，该事件将使代币的供应量减少 50%。这一备受期待的事件预计将在四月发生。

ETFs Witness Record Outflows

ETF见证创纪录的资金流出

Despite Bitcoin's price surge, digital asset investment products experienced record outflows of nearly $1 billion last week, according to CoinShares. This included substantial redemptions from Grayscale Bitcoin Trust (GBTC), signaling some investor hesitation.

据 CoinShares 称，尽管比特币价格飙升，但上周数字资产投资产品的资金外流仍创纪录，接近 10 亿美元。其中包括灰度比特币信托（GBTC）的大量赎回，表明投资者有些犹豫。

On-Chain Data Reveals Sluggish Activity

链上数据显示活动低迷

On-chain data from Glassnode suggests that Bitcoin blockchain activity has slowed significantly, despite the token's price rise. The firm's analysts noted that on-chain transactions were a fraction of those seen during the 2021 bull run, indicating a reluctance among major holders to part with their tokens.

Glassnode 的链上数据表明，尽管代币价格上涨，但比特币区块链活动已显着放缓。该公司的分析师指出，链上交易只是 2021 年牛市期间的一小部分，这表明主要持有者不愿放弃其代币。

Price Speculation Drives Rise

价格投机推动上涨

The muted on-chain activity suggests that Bitcoin's recent price action may be driven more by outside speculation than blockchain-based trading. This trend could lead to increased volatility in the weeks ahead, particularly if capital inflows diminish.

链上活动的低迷表明，比特币最近的价格走势可能更多地是由外部投机而非基于区块链的交易驱动的。这种趋势可能会导致未来几周波动加剧，特别是在资本流入减少的情况下。

Cautious Investors Weigh Volatility

谨慎的投资者权衡波动性

The volatility associated with Bitcoin remains a primary concern for potential investors, as the token's ability to reach record highs has been matched by its propensity to shed gains equally swiftly.

与比特币相关的波动性仍然是潜在投资者的主要担忧，因为该代币创下历史新高的能力与其同样迅速失去收益的倾向相匹配。