由于 ETF 需求下滑，比特币将迎来 2024 年最糟糕的一周之一

Bitcoin has peeled back more than 10% from its all-time high as the appetite for fledgling spot Bitcoin exchange-traded funds moderates. JPMorgan Chase and Co. strategists warned the retreat has room to run.The group of 10 spot Bitcoin ETFs just notched its biggest three-day outflow since the products debuted on January 11. Meanwhile, the world’s largest cryptocurrency is set for one of its worst weeks of the year after a 4% retreat. The token changed hands at $65,415 as of 6:57 AM on Friday in Singapore.Bitcoin “still looks overbought,” JPMorgan strategists said, renewing a February call for further declines leading up to April’s highly-anticipated halving event, which will lower the supply of newly minted Bitcoin from miners.Sustained open interest in CME Bitcoin futures along with declining ETF flows are significant bearish signals for the price of Bitcoin, the strategists led by Nikolaos Panigirtzoglou wrote in a note Thursday.“The pace of net inflows into spot Bitcoin ETFs has slowed markedly, with the past week seeing a significant outflow,” the strategists wrote. “This challenges the notion that the spot Bitcoin ETF flow picture is going to be characterized as a sustained one-way net inflow. As we approach the halving event this profit taking is more likely to continue, particularly against a positioning backdrop that still looks overbought despite the past week’s correction.”Last month, the bank predicted that the price of Bitcoin will drift down toward $42,000 after April as “Bitcoin-halving-induced euphoria subsides.”Despite Bitcoin setting a record of almost $73,798 on March 14, enthusiasm among retail traders may be waning, according to Naeem Aslam, chief investment officer at Zaye Capital Markets.“The fact that the rally didn’t really take off from the all-time high like before made many question the strength of the rally,” Aslam said. “The halving is almost here and if this event fails to really keep the momentum going, then it means that we are going to face serious retracement, which means that the price could fall below $50,000.”

随着对新兴现货比特币交易所交易基金的兴趣减弱，比特币已从历史高点回落超过 10%。摩根大通策略师警告称，比特币仍有回落的空间。这组 10 只现货比特币 ETF 刚刚创下自 1 月 11 日产品推出以来最大的三日流出量。与此同时，全球最大的加密货币即将迎来最糟糕的时期之一4% 的回落后，一年中的几周。截至周五上午 6:57，该代币在新加坡易手价格为 65,415 美元。摩根大通策略师表示，比特币“看起来仍然超买”，并重申了 2 月份的呼吁，即在 4 月份备受期待的减半事件之前，比特币将进一步下跌，这将降低供应量Nikolaos Panigirtzoglou 领导的策略师在周四的一份报告中写道，CME 比特币期货的持续未平仓合约以及 ETF 流量的下降是比特币价格的重大看跌信号。 ETF 的增长明显放缓，过去一周出现了大幅资金外流，”策略师写道。 “这对现货比特币 ETF 流量图将被描述为持续单向净流入的观念提出了挑战。随着减半事件的临近，这种获利回吐更有可能继续下去，特别是在尽管过去一周进行调整但看起来仍然超买的定位背景下。”上个月，该银行预测 4 月份后比特币价格将跌向 42,000 美元，因为Zaye Capital Markets 首席投资官纳伊姆·阿斯拉姆 (Naeem Aslam) 表示，尽管比特币在 3 月 14 日创下了近 73,798 美元的纪录，但散户交易者的热情可能正在减弱。阿斯拉姆表示，并没有像之前那样真正从历史高点起飞，这让许多人质疑反弹的力度。 “减半即将到来，如果这一事件未能真正保持势头，那么就意味着我们将面临严重的回调，这意味着价格可能会跌破 50,000 美元。”