经济逆风导致资金外流激增，加密货币市场情绪发生变化

过去两周，加密货币基金出现净流出，上周的流出归因于对美国宏观经济的担忧。虽然包括比特币和以太坊在内的大多数资产都出现了资金外流，但莱特币和 Chainlink 等一些资产却出现了资金流入。尽管存在资金外流，但今年迄今为止的净流量仍处于历史高位，表明投资者情绪并不完全悲观。

Crypto Market Sentiment Shifts: Outflows Dominate, Despite Pockets of Resilience

加密货币市场情绪转变：尽管存在一定的弹性，但资金外流仍占主导地位

Over the past fortnight, global crypto funds have witnessed a significant outflow of capital, signaling a shift in investor sentiment amidst macroeconomic uncertainties. CoinShares, a leading digital asset fund manager, attributes the recent withdrawals to concerns surrounding the U.S. economy.

过去两周，全球加密货币基金出现资金大幅外流，表明宏观经济不确定性下投资者情绪发生转变。领先的数字资产基金管理公司 CoinShares 将最近的撤资归因于对美国经济的担忧。

Macroeconomic Headwinds Weigh on Crypto Funds

宏观经济逆风令加密货币基金承压

Last week, crypto funds experienced net outflows of $206 million, with the bulk of redemptions originating from U.S.-based funds. The Federal Reserve's hawkish stance on interest rates, fueled by persistent inflation, has cast a shadow over risk assets, including cryptocurrencies.

上周，加密货币基金净流出 2.06 亿美元，其中大部分赎回来自美国基金。在持续通胀的推动下，美联储对利率的鹰派立场给包括加密货币在内的风险资产蒙上了阴影。

Federal Reserve Chair Jerome Powell's recent comments indicating a prolonged period of elevated interest rates have dampened investor enthusiasm for risky investments. Higher interest rates discourage borrowing for speculative purposes, making risk assets less attractive.

美联储主席杰罗姆·鲍威尔最近表示长期加息的言论削弱了投资者对风险投资的热情。较高的利率抑制了投机目的的借贷，从而降低了风险资产的吸引力。

Bitcoin and Ethereum Bear the Brunt

比特币和以太坊首当其冲

Bitcoin, the largest cryptocurrency, faced the most significant outflows, amounting to $192 million. Ethereum, the second-largest coin, also saw substantial redemptions of $34 million, extending a six-week outflow streak. The broader crypto market followed suit, with Solana experiencing minor outflows of $300,000.

最大的加密货币比特币面临着最严重的资金外流，金额达 1.92 亿美元。第二大代币以太坊也出现了 3400 万美元的大幅赎回，延续了六周的连续流出。更广泛的加密货币市场也紧随其后，Solana 经历了 30 万美元的小额资金流出。

Pockets of Resilience Amidst Outflows

资金外流中的韧性

Despite the overall negative sentiment, some crypto assets managed to buck the trend. Notably, Litecoin and Chainlink recorded inflows of $3.2 million and $1.2 million, respectively.

尽管整体情绪不佳，但一些加密资产还是成功逆势而上。值得注意的是，Litecoin 和 Chainlink 分别录得 320 万美元和 120 万美元的流入。

Short Bitcoin Funds Signal Mixed Sentiment

做空比特币基金预示着复杂的情绪

Interestingly, short Bitcoin funds witnessed outflows of $300,000 last week, suggesting that investor sentiment has not entirely flipped bearish. This indicates that some investors may be seeking to hedge against further Bitcoin price declines while still maintaining exposure to the asset.

有趣的是，上周比特币空头基金流出了 30 万美元，这表明投资者情绪并未完全转为看跌。这表明一些投资者可能会寻求对冲比特币价格进一步下跌的风险，同时仍保持对该资产的敞口。

Year-to-Date Flows Remain Robust

年初至今的流量依然强劲

While weekly outflows have been a recent concern, year-to-date net flows into crypto funds remain at record levels, hovering around $13 billion. This underscores the long-term interest in cryptocurrencies, despite short-term fluctuations.

尽管每周的资金流出一直是近期的一个担忧，但今年迄今为止流入加密货币基金的净流入量仍保持在创纪录的水平，徘徊在 130 亿美元左右。这凸显了人们对加密货币的长期兴趣，尽管存在短期波动。

Crypto Fund Flows: A Market Sentiment Barometer

加密货币资金流向：市场情绪晴雨表

Crypto fund flows serve as a valuable indicator of market sentiment. The recent outflows suggest that investors are adopting a more cautious approach, awaiting clarity on the macroeconomic environment before committing further capital.

加密货币资金流向是市场情绪的重要指标。最近的资金外流表明投资者正在采取更加谨慎的态度，等待宏观经济环境明朗后再投入更多资金。

In summary, the crypto market is experiencing a shift towards risk aversion, driven by macroeconomic uncertainties. While outflows have dominated recently, pockets of resilience and long-term investor interest remain evident. Investors are closely monitoring the evolving economic landscape and adjusting their strategies accordingly.

总而言之，在宏观经济不确定性的推动下，加密货币市场正在经历风险规避的转变。尽管近期资金外流占主导地位，但部分地区的韧性和长期投资者兴趣仍然明显。投资者正在密切关注不断变化的经济形势并相应调整策略。