对比特币ETF的投资已经反弹到一月份的最后一次。

对比特币交易所交易基金（ETF）的投资已反弹至一月份的最后水平，这表明投资者情绪恢复了

Investors have returned to investing heavily in bitcoin exchange-traded funds (ETFs), with the latest figures showing the largest daily investment in over three months.

投资者已经重大投资于比特币交易所交易基金（ETF），最新数据显示了三个月来最大的每日投资。

The US spot bitcoin (BTC) ETFs had over $912 million worth of cumulative net inflows on April 22, marking the highest daily investment since January 21, according to Farside Investors.

根据Farside Investors的数据，美国现货比特币（BTC）ETF在4月22日的累计净流入价值超过9.12亿美元，这是1月21日以来每日最高投资。

“Bitcoin ETPs just saw the largest daily inflows since 21st January in a dramatic improvement in sentiment,” wrote James Butterfill, head of research at CoinShares, in an April 23 X post.

Coinshares研究主管James Butterfill在4月23日X帖子中写道：“比特币ETP刚刚看到自1月21日以来最大的每日流入。”

Investor sentiment appeared to improve as President Donald Trump said that import tariffs on Chinese goods will “come down substantially,” adopting a softer tone in negotiations.

唐纳德·特朗普总统说，对中国商品的进口关税将“大幅下降”，在谈判中采用柔和的语调，投资者的情绪似乎有所改善。

The de-escalation and growing ETF inflows pushed bitcoin price above $93,000 for the first time in seven weeks, as reported by Cointelegraph on April 23.

根据Cointelegraph在4月23日报道的那样，降级和增长的ETF流入在七周内首次将比特币的价格推高了93,000美元以上。

The growing institutional investment and presence of ETFs may accelerate the historic four-year cycle and bolster BTC to new highs before the end of 2025, analysts told Cointelegraph.

分析师告诉CoIntelegraph，ETF的机构投资和ETF的存在可能会加速历史的四年周期，并在2025年底之前将BTC提升到新高点。

US dollar weakness may reinforce bitcoin’s safe-haven appeal

美元弱点可能会增强比特币的避风力吸引力

The US dollar’s weakness may also contribute to the growing investor demand for bitcoin.

美元的弱点也可能导致投资者对比特币的需求不断增长。

The US Dollar Index (DXY), which measures the strength of the greenback against a basket of leading fiat currencies, fell nearly 9% since the beginning of 2025, to an over three-year low of 98.8 last seen in April 2022, TradingView data shows.

TradingView数据显示，自2025年初以来，美元指数（DXY）衡量了绿色对一篮子领先的法定货币的强度下降了近9％，达到了2022年4月的三年低点98.8。

“Macro factors like a weakening dollar and rising gold correlation,” may reinforce bitcoin’s appeal as a hedge against economic volatility, Ryan Lee, chief analyst at Bitget Research, told Cointelegraph.

Bitget Research首席分析师Ryan Lee对Cointelegraph表示：“宏观因素，例如弱化的美元和金黄色相关性，”梅促进比特币的吸引力，以对冲经济动荡。

Bitcoin no longer trading in the ‘shadow of tech’

比特币不再在“技术影子”中进行交易

Crypto and traditional stock markets are “walking a tightrope between political drama and economic reality,” with bitcoin staging a significant rebound thanks to “strong ETF inflows, institutional acquisitions, and a weakening USD,” according to Nexo dispatch analyst Iliya Kalchev.

NEXO Dispatch分析师Iliiya Kalchev表示，加密货币和传统股票市场“在政治戏剧和经济现实之间走一根绳索”，由于“强劲的ETF流入，机构收购以及美元疲软”，比特币进行了重大反弹。

The analyst told Cointelegraph, adding:

分析师告诉Cointelegraph，并补充说：

“The conversation has clearly shifted. Bitcoin is no longer being traded in the shadow of tech – it’s becoming a lens through which macro uncertainty is priced.”

“对话显然已经发生了变化。比特币不再在技术的阴影下交易 - 它已成为宏观不确定性的镜头。”

Nansen CEO Alex Svanevik also praised bitcoin’s resilience, noting that the maturing asset is becoming “less Nasdaq – more gold” over the past two weeks, increasingly acting as a safe haven asset against economic turmoil, but concerns over economic recession may limit its price trajectory.

Nansen首席执行官Alex Svanevik还赞扬了比特币的韧性，并指出，在过去的两周中，成熟的资产正在变得“纳斯达克越来越少，更多的黄金”，越来越多地充当了针对经济动荡的避风港资产，但对经济恢复的担忧可能会限制其价格轨迹。

On April 21, BitMEX co-founder Arthur Hayes predicted that this might be the “last chance” to buy bitcoin below $100,000, as the incoming US Treasury buybacks may signal the next significant catalyst for bitcoin price.

Bitmex联合创始人Arthur Hayes在4月21日预测，这可能是购买比特币以下100,000美元以下的“最后机会”，因为即将到来的美国财政部回购可能标志着比特币价格的下一个重要催化剂。