自2025年1月以来，现场比特币ETF流入量最高。

流入到2016年12月最后一次出现的交换水平。Bitcoin的负资金率可能会缩短。BTC价格高于主要移动平均值，现在可以提供支持。

Key takeaways:

关键要点：

Spot Bitcoin ETF inflows are at their highest since January 2025.

自2025年1月以来，现场比特币ETF流入量最高。

Inflows to exchanges down to levels last seen in December 2016.

流入到2016年12月最后一次交换的水平。

Bitcoin’s negative funding rates could set up a short squeeze.

比特币的负资金率可能会很短。

BTC price is above major moving averages, which can now provide support.

BTC价格高于主要移动平均值，现在可以提供支持。

Bitcoin’s BTCUSD price rose to a new range high at $94,700 on April 23, its highest value since March 2.

比特币的BTCUSD价格上涨至4月23日的最高价值，至94,700美元，至94,700美元。

Several analysts say the next psychological resistance remains at $95,000, and the price might drop to test support levels below.

几位分析人士说，下一个心理阻力仍为95,000美元，价格可能会降至下面的支持水平。

“The $94K–$95K zone is clearly the resistance to beat,” said Swissblock in an April 24 post on X.

Swissblock在4月24日的X上发表了Swissblock说：“ $ 94K - $ 95K的区域显然是击败的阻力。”

The onchain data provider asserted that the next logical move for Bitcoin would be a pullback toward the $90,000 zone to gain momentum for a move higher.

OnChain数据提供商断言，比特币的下一个逻辑举动将是向90,000美元区域的回调，以获得更高的动力。

“The $89K–$90K zone could be next to test bulls, but with BTC’s structure strength, these dips are for buying.”

“售价8.9万美元 - $ 90K的区域可能接近测试公牛，但是凭借BTC的结构强度，这些倾角是用于购买的。”

Popular Bitcoin analyst AlphaBTC opined that the asset will likely consolidate in the $93,000-$95,000 range “before pushing higher to take liquidity above 100K.”

受欢迎的比特币分析师Alphabtc认为，该资产可能会巩固93,000-95,000美元的范围，“在推动更高的流动性高于100K之前”。

Several bullish signs suggest that BTC is well-positioned to break above $95,000 in the following days or weeks.

几个看涨的迹象表明，在接下来的几天或几周内，BTC的位置良好，可在95,000美元以上中断$ 95,000。

Bitcoin ETF demand rebounds

比特币ETF需求篮板

One factor supporting the Bitcoin bull argument is resurgent institutional demand, reflected by significant inflows into spot Bitcoin exchange-traded funds.

支持比特币公牛论点的一个因素是复兴的机构需求，这反映在现货比特币交易所交易资金中。

On April 22 and April 23, spot Bitcoin ETFs saw a net flow totaling $936 million and $917 million, respectively, according to data from SoSoValue.

根据Sosovalue的数据，在4月22日和4月23日，现场比特币ETF的净流量分别为9.36亿美元和9.17亿美元。

This makes the past two days the ones with the highest daily outflows since January 2025 and more than 500 times the 2025 daily average.

这使过去两天是自2025年1月以来每日流出最高的人，是2025年平均每日的500倍以上。

This trend reflects growing confidence among traditional finance players, as observed by market analysts like Jamie Coutts, who noted global liquidity hitting new all-time highs, historically fueling asset price rallies.

正如杰米·库茨（Jamie Coutts）等市场分析师所观察到的那样，这种趋势反映了传统金融参与者之间的信心越来越大。

suggest that the apex cryptocurrency is poised to continue rising in the coming days or weeks.

表明Apex加密货币有望在未来几天或几周内继续上升。

Coins draining from exchanges

交换中排出的硬币

The trend of decreasing Bitcoin exchange inflows continues, suggesting a potential reduction in sell pressure.

降低比特币交换流入流入的趋势仍在继续，这表明销售压力的潜在降低。

The total amount of coins transferred to the exchanges has dropped from a year-to-date high of 97,940 BTC on Feb. 25 to 45,000 BTC on April 23, according to data from CryptoQuant.

根据CryptoFunfant的数据，转移到交易所的硬币总数已从2月25日的97,940 BTC下降到4月23日的45,000 BTC。

This is reinforced by a reduction in the number of addresses depositing Bitcoin to exchanges, which has been “steadily declining since 2022,” according to CryptoQuant analyst Axel Adler Jr.

根据CryptoQuant分析师Axel Adler Jr的说法，通过减少将比特币的地址存放到交换的地址数量减少来加强这一点。

He highlights that this metric’s 30-day moving average has dropped to 52,000 BTC, a level last seen in December 2016.

他强调，该指标的30天移动平均线降至52,000 BTC，这是2016年12月最后一次出现的水平。

“This trend is bullish in itself,” as it represents a fourfold reduction in coin sales over the last three years, the analyst said, adding:

分析师说：“这种趋势本身就是看涨的，因为它代表了过去三年中硬币销售的四倍。

“If we look at the big picture, we can see that the total amount of coins entering exchanges has dropped significantly, especially compared to the beginning of the year.”

“如果我们看一下大局，我们可以看到，进入交流的硬币总量已经大大下降，尤其是与年初相比。”

The decrease in coins entering exchanges suggests that there might be less sell pressure on the market.

进入交易所的硬币的减少表明，市场上的销售压力可能较小。

Negative funding rates can fuel BTC rally

负资金率会加剧BTC集会

Bitcoin price has rebounded to levels last seen in early March, but futures trades are not entirely on board yet.

比特币的价格已经反弹至3月初最后一次出现的水平，但期货交易尚未完全登机。

Bitcoin’s perpetual futures funding rates remained negative between April 22 and April 23, despite the price rising by 11% over the same period, data from Glassnode shows.

GlassNode的数据显示，尽管同期价格上涨了11％，但比特币的永久期货融资率仍然为4月22日至4月23日。

Negative funding rates imply that shorts are paying longs, reflecting a bearish sentiment that can fuel a short squeeze as prices rise.

负资金率意味着短裤的渴望，反映出一种看跌的情绪，随着价格上涨，可能会加剧短暂的挤压。

In an April 22 post on X, CryptoQuant contributor Darkfost highlighted a similar divergence in Bitcoin’s price and Binance funding rates.

在4月22日在X上发表的帖子中，CryptoFant贡献者DarkFost强调了比特币的价格和二手资金融资率的类似分歧。

“Whereas BTC continues to climb, funding rates on Binance have turned negative, currently sitting at around -0.006 at the time of writing,” Darkfost explained.

Darkfost解释说：“尽管BTC继续攀升，但托管的筹资速率已变为负面，目前在撰写本文时坐在-0.006左右。”

He added that this is a rare occurrence, which has historically been followed by significant rallies, like Bitcoin’s surge from $28,000 to $73,000 in October 2023, and from $57,000 to $108,000 in September 2024.

他补充说，这是一种罕见的事件，在历史上一直是重大集会，例如2023年10月的比特币的增长从28,000美元到73,000美元，从2024年9月的57,000美元到108,000美元。

If history repeats itself, Bitcoin may rally from the current levels, breaking above the resistance at $95,000 toward $100,000.

如果历史重演，比特币可能会从目前的水平上升起，超过95,000美元的阻力，跌至100,000美元。

BTC trades above the 200-day SMA

BTC交易超过200天SMA

On April 22, Bitcoin price rose above a key level:

4月22日，比特币价格上涨了关键水平：