数字资产投资者在市场不确定性中谨慎行事

上周，数字资产投资产品小幅流出 1.26 亿美元，主要是由于以太坊连续第五周流出（2900 万美元）。尽管整体下滑，但 Decentraland、Basic Attention Token 和 LIDO 等替代加密货币吸引了总计 960 万美元的资金。交易量升至 210 亿美元，但交易所交易产品 (ETP) 和交易所交易基金 (ETF) 交易量下降至 31%，表明投资者持谨慎态度。

Digital Asset Investors Exercise Caution Amid Market Uncertainty

数字资产投资者在市场不确定性中保持谨慎

In a market characterized by heightened volatility, digital asset investors are grappling with uncertainty, resulting in a modest outflow of $126 million last week. This outflow underscores the prevalent cautious sentiment among investors as the positive price momentum witnessed earlier this year has waned.

在波动性加剧的市场中，数字资产投资者正在努力应对不确定性，导致上周资金小幅流出 1.26 亿美元。这种资金外流凸显了投资者普遍的谨慎情绪，因为今年早些时候出现的积极的价格势头已经减弱。

Ethereum Bears the Brunt of Outflows

以太坊首当其冲受到资金外流

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has borne the brunt of the recent outflows. Specifically, ETH experienced outflows of $29 million last week, marking its fifth consecutive week of withdrawals. This sustained outflow indicates that investors may be taking a more conservative approach toward ETH, which has underperformed in recent weeks.

以太坊（ETH）是市值第二大的加密货币，在最近的资金外流中首当其冲。具体而言，ETH 上周经历了 2900 万美元的资金流出，这是连续第五周出现提款。这种持续的资金外流表明，投资者可能会对近几周表现不佳的 ETH 采取更为保守的态度。

Altcoins Find Favor

山寨币受到青睐

Despite the overall outflow sentiment, certain alternative cryptocurrencies (altcoins) have managed to attract funds. Decentraland, a virtual reality platform, saw inflows of $4.9 million, while Basic Attention Token, a privacy-focused cryptocurrency, received $2.9 million in inflows. Additionally, LIDO, a decentralized staking platform, attracted $1.8 million in inflows.

尽管存在整体资金外流情绪，但某些替代加密货币（山寨币）仍成功吸引了资金。虚拟现实平台 Decentraland 流入 490 万美元，而注重隐私的加密货币 Basic Attention Token 流入 290 万美元。此外，去中心化质押平台 LIDO 吸引了 180 万美元的资金流入。

Trading Volumes Indicate Cautious Approach

交易量表明谨慎态度

Trading volumes across digital asset markets experienced a slight increase last week, rising from $17 billion to $21 billion. However, trading activity in exchange-traded products (ETPs) and exchange-traded funds (ETFs) declined compared to the overall market. In the past month, ETP/ETF trading accounted for 40% of total volumes on reputable exchanges. Last week, this figure dropped to 31%, signaling that investors are becoming more measured in their trading strategies.

上周，数字资产市场的交易量略有增加，从 170 亿美元增至 210 亿美元。然而，与整体市场相比，交易所交易产品（ETP）和交易所交易基金（ETF）的交易活动有所下降。过去一个月，ETP/ETF 交易量占知名交易所总交易量的 40%。上周，这一数字下降至 31%，表明投资者在交易策略上变得更加谨慎。

Regional Outflows and Inflows

区域资金流出和流入

In terms of regional outflows and inflows, the United States witnessed the highest amount of money leaving digital asset investments, totaling $145 million. Switzerland and Canada also experienced outflows of $5.7 million and $6 million, respectively. Conversely, investors in Germany viewed the recent price drop as an opportunity to invest, bringing in $29 million last week.

从地区流出和流入来看，美国的数字资产投资流出金额最高，总计 1.45 亿美元。瑞士和加拿大也分别经历了 570 万美元和 600 万美元的资金外流。相反，德国投资者将最近的价格下跌视为投资机会，上周获得了 2900 万美元的投资。

Mixed Signals for Bitcoin

比特币的混合信号

Bitcoin, the largest cryptocurrency by market capitalization, experienced mixed signals last week. While it saw outflows of $110 million, it also received positive inflows of $555 million so far this month. Short-bitcoin, which had been witnessing outflows for the past three weeks, saw a modest increase of $1.7 million, possibly indicating that some investors are taking advantage of the recent price dip.

比特币是市值最大的加密货币，上周经历了复杂的信号。尽管流出了 1.1 亿美元，但本月迄今为止，它也收到了 5.55 亿美元的正流入。过去三周出现资金外流的比特币空头小幅上涨 170 万美元，这可能表明一些投资者正在利用近期价格下跌的机会。

Uncertainty Drives Caution

不确定性引发谨慎

The prevailing sense of caution among investors stems from their apprehension toward the current market dynamics and the unpredictable future of digital assets. Despite recent outflows, investors have poured a total of $646 million into crypto products last week, pushing year-to-date inflows to an unprecedented $13.8 billion. This figure surpasses the previous year's total of $10.6 billion.

投资者普遍的谨慎态度源于他们对当前市场动态和数字资产不可预测的未来的担忧。尽管最近出现资金外流，但投资者上周仍向加密产品投入了总计 6.46 亿美元的资金，将年初至今的资金流入推至前所未有的 138 亿美元。这一数字超过了上一年的 106 亿美元总额。

As the digital asset market continues to evolve, investor sentiment and fund flows will play a crucial role in determining its health and future direction. The recent outflows highlight the need for investors to conduct thorough research and remain vigilant in this rapidly changing landscape.

随着数字资产市场的不断发展，投资者情绪和资金流向将在决定其健康状况和未来方向方面发挥至关重要的作用。最近的资金外流凸显了投资者需要进行彻底的研究，并在这个快速变化的环境中保持警惕。