机构投资者推动比特币 ETF 交易量激增

尽管比特币价格停滞在 64,000 美元左右，但近期比特币 ETF 交易量和鲸鱼收购量的激增表明，投资者对比特币的长期潜力充满信心。尽管链上数据显示鲸鱼积累有所增加，但散户投资者的情绪仍然喜忧参半，每日活跃地址数量下降，多头/空头差异不断扩大。

Institutional Investors Drive Surge in Bitcoin ETF Trading Volumes Amidst Market Stagnation

在市场停滞的情况下，机构投资者推动比特币 ETF 交易量激增

October 18, 2021

2021 年 10 月 18 日

Interest in Bitcoin (BTC) exchange-traded funds (ETFs) has surged in recent weeks, reaching its highest point in four weeks with a combined daily trading volume of $3.62 billion. This surge in activity coincides with a period of unpredictable sideways movement in the broader cryptocurrency market, with Bitcoin's price hovering around the $64,000 level.

最近几周，人们对比特币 (BTC) 交易所交易基金 (ETF) 的兴趣激增，达到四个星期以来的最高点，每日总交易量达到 36.2 亿美元。此次活动激增恰逢更广泛的加密货币市场出现不可预测的横向波动时期，比特币的价格徘徊在 64,000 美元左右。

This healthy trading activity in Bitcoin ETFs is seen as a bullish sign, suggesting that institutional investors remain confident in the long-term potential of Bitcoin and are using ETFs as a way to gain exposure to the cryptocurrency. The high trading volume highlights the growing popularity of Bitcoin ETFs as an easier entry point for investors unfamiliar with cryptocurrencies.

比特币 ETF 的健康交易活动被视为看涨信号，表明机构投资者对比特币的长期潜力仍然充满信心，并正在使用 ETF 作为获得加密货币投资的一种方式。高交易量凸显了比特币 ETF 越来越受欢迎，对于不熟悉加密货币的投资者来说，这是一个更容易的切入点。

Further bolstering this bullish sentiment is on-chain data revealing a massive spike in the number of whales accumulating Bitcoin over the last two months. This indicates that not only are new investors entering the space, but established players are also increasing their exposure, potentially anticipating future price appreciation.

链上数据显示，过去两个月积累比特币的鲸鱼数量大幅增加，进一步支撑了这种看涨情绪。这表明不仅新投资者正在进入该领域，老牌参与者也正在增加其风险敞口，并可能预期未来价格上涨。

Despite the recent decline in BTC's price, which has fallen by 3.44% in the last 24 hours, the Long/Short difference has grown. This suggests that the number of long-term holders outnumbers the short-term holders, indicating that they are less likely to sell their holdings and can help BTC retain its current price levels.

尽管最近 BTC 价格下跌（在过去 24 小时内下跌了 3.44%），但多头/空头差异仍在扩大。这表明长期持有者的数量超过了短期持有者的数量，表明他们出售所持资产的可能性较小，可以帮助比特币保持当前的价格水平。

The MVRV ratio has also declined during this period, indicating that most addresses are not profitable. However, this ratio is still positive, suggesting that most investors are still holding their positions at a profit.

MVRV比率在此期间也有所下降，表明大多数地址都没有盈利。然而，这一比率仍然为正，表明大多数投资者仍在获利持有仓位。

The overall interest in Bitcoin's ecosystem is a key factor in its future growth. The number of daily active addresses on the network has declined significantly in recent days, indicating a potential waning interest among retail investors. However, the strong institutional interest and on-chain data suggest that Bitcoin remains attractive to major investors who anticipate long-term price appreciation.

对比特币生态系统的整体兴趣是其未来增长的关键因素。最近几天，网络上的每日活跃地址数量大幅下降，表明散户投资者的潜在兴趣正在减弱。然而，强烈的机构兴趣和链上数据表明，比特币对于预计价格长期上涨的主要投资者仍然具有吸引力。

Disclaimer:

免责声明：

The information provided in this article is for informational purposes only and does not constitute financial advice. Investment decisions should be made based on a thorough analysis and professional guidance.

本文提供的信息仅供参考，并不构成财务建议。投资决策应基于彻底的分析和专业指导。