由于净流入萎缩，现货比特币 ETF 失去动力

过去一周，加密货币市场净流入 8.62 亿美元，但现货比特币 ETF 需求下降，日交易量自 3 月初达到峰值以来下降了 36%。尽管灰度比特币信托基金 (GBTC) 经历了大量资金流出，但在现货 BTC ETF 的推动下，比特币仍主导数字资产流入，流入额达 18 亿美元。 GBTC 的持续资金外流引发了人们对 BTC 价格抛售压力的担忧，BTC 价格在过去 24 小时内下跌了 4,000 美元。

Waning Enthusiasm for Spot Bitcoin ETFs as Net Inflows Narrow

随着净流入收窄，现货比特币 ETF 的热情减弱

The cryptocurrency market has witnessed a modest recovery in investor sentiment, with net inflows of $862 million during the past week, reversing the previous week's net outflows of $931 million. However, the fervor for spot Bitcoin exchange-traded funds (ETFs) has diminished, with daily trading volumes plummeting by 36% to $5.4 billion since their peak of $9.5 billion in early March.

加密货币市场投资者情绪温和复苏，过去一周净流入 8.62 亿美元，扭转了前一周 9.31 亿美元的净流出。然而，现货比特币交易所交易基金 (ETF) 的热情已经减弱，日交易量自 3 月初 95 亿美元的峰值以来暴跌 36% 至 54 亿美元。

Bitcoin Dominates Digital Asset Inflows

比特币主导数字资产流入

Bitcoin reigned supreme among digital asset inflows, attracting $863 million, primarily driven by ETF demand. Spot BTC ETFs experienced a notable $1.8 billion inflow, contrasting sharply with the $965 million outflow from the Grayscale Bitcoin Trust (GBTC). Despite the U.S. approval of spot BTC ETFs on January 11, GBTC continues to experience heavy outflows, fueling selling pressure on BTC prices over the past three weeks.

比特币在数字资产流入中占据主导地位，吸引了 8.63 亿美元，这主要是由 ETF 需求推动的。现货 BTC ETF 经历了 18 亿美元的显着流入，与灰度比特币信托基金 (GBTC) 的 9.65 亿美元流出形成鲜明对比。尽管美国于 1 月 11 日批准了现货 BTC ETF，但 GBTC 继续经历大量资金流出，在过去三周加剧了 BTC 价格的抛售压力。

GBTC Outflows Weigh on BTC Price

GBTC 资金流出打压 BTC 价格

The persistent outflows from GBTC, which continue to overshadow ETF flows, have raised concerns about their impact on BTC prices. Bitcoin has suffered a $4,000 decline in the past 24 hours, hovering slightly above $66,000 at the time of writing. This price correction, triggering liquidations worth nearly $500 million, precedes the Bitcoin halving event scheduled for April 20. Additionally, the options market has signaled bearish sentiment through a surge in put calls.

GBTC 的持续资金外流继续令 ETF 资金流黯然失色，引发了人们对其对 BTC 价格影响的担忧。比特币在过去 24 小时内下跌了 4,000 美元，在撰写本文时徘徊在 66,000 美元上方。这次价格调整引发了价值近 5 亿美元的清算，发生在定于 4 月 20 日举行的比特币减半事件之前。此外，期权市场通过看跌期权激增发出了看跌情绪的信号。

Ether and Altcoin Market Flows

以太币和山寨币市场流动

Ether endured its fourth consecutive week of outflows, with a $19 million loss in the past week. Nonetheless, the altcoin market as a whole witnessed a net inflow of $18.3 million, led by Solana's token with $6.1 million in inflows. The geographic distribution of inflows and outflows revealed that the U.S. accounted for the most significant outflows at $897 million, while Europe and Canada combined experienced $49 million in outflows.

以太币连续第四周出现资金外流，过去一周损失了 1900 万美元。尽管如此，整个山寨币市场的净流入量为 1830 万美元，其中 Solana 代币的流入量为 610 万美元。资金流入和流出的地理分布显示，美国的资金流出量最大，为 8.97 亿美元，而欧洲和加拿大的资金流出总额为 4,900 万美元。

Market Outlook and Uncertainty

市场前景和不确定性

The recent price decline in Bitcoin and the broader market correction have raised questions about the future trajectory of the cryptocurrency market. Some analysts speculate that the upcoming Bitcoin halving event, which typically leads to increased volatility, could contribute to further price fluctuations. Others attribute the market sell-off to broader economic uncertainty, geopolitical tensions, and rising interest rates.

最近比特币的价格下跌和更广泛的市场调整引发了人们对加密货币市场未来轨迹的质疑。一些分析师推测，即将到来的比特币减半事件通常会导致波动性增加，可能会导致价格进一步波动。其他人将市场抛售归因于更广泛的经济不确定性、地缘政治紧张局势和利率上升。

As the cryptocurrency market navigates these uncertain times, investors are advised to exercise caution and carefully consider their investment decisions.

随着加密货币市场经历这些不确定的时期，建议投资者谨慎行事并仔细考虑他们的投资决策。