现货比特币 ETF 面临资金外流，削弱看涨前景

事实证明，上周现货比特币 ETF 面临着挑战，因为它们始终未能吸引大量资金流入。因此，这些 ETF 连续每日流出，表明机构交易者的看涨情绪可能下降。这种低迷反映在比特币的价格上，本周比特币价格跌至 61,370 美元。

Spot Bitcoin ETFs: Outflows Dampen Bullish Sentiment?

现货比特币 ETF：资金外流抑制看涨情绪？

Institutional investors seem to be losing their zeal for Spot Bitcoin ETFs, as evidenced by a string of consecutive outflows last week. These outflows have raised concerns about waning bullish sentiment and may have contributed to Bitcoin's recent price dip to $61,370.

机构投资者似乎正在失去对现货比特币 ETF 的热情，上周一系列连续资金流出就证明了这一点。这些资金外流引发了人们对看涨情绪减弱的担忧，并可能导致比特币近期价格跌至 61,370 美元。

Bitcoin ETFs: From Record Inflows to Sustained Outflows

比特币 ETF：从创纪录的流入到持续的流出

In February and early March, Spot Bitcoin ETFs basked in the glory of investor enthusiasm during Bitcoin's bull run, setting trading records for ETFs in the US. However, this fervor has now reversed, with five consecutive days of outflows eclipsing a four-day outflow streak in January.

2月和3月初，现货比特币ETF在比特币牛市期间沐浴在投资者热情的光辉中，创下了美国ETF的交易记录。然而，这种热情现在已经逆转，连续五天的资金流出超过了 1 月份连续四天的资金流出。

BitMEX Research Reveals Outflow Surge

BitMEX 研究显示资金流出激增

Data from BitMEX Research paints a grim picture: five days of consecutive outflows totaling $154.4 million, $326.2 million, $261.6 million, $93.1 million, and $51.6 million. Grayscale's GBTC also set a new record for daily outflows, with redemptions of 9,539.7 BTC worth over $642.5 million on Monday, the largest single-day outflow in GBTC's history.

BitMEX Research 的数据描绘了一幅严峻的景象：连续五天的资金流出总额分别为 1.544 亿美元、3.262 亿美元、2.616 亿美元、9310 万美元和 5160 万美元。 Grayscale 的 GBTC 还创下了每日流出量新纪录，周一赎回了 9,539.7 BTC，价值超过 6.425 亿美元，这是 GBTC 历史上最大的单日流出量。

Grayscale's Outflow Not Surprising, but Others Falter

灰度的流出并不令人意外，但其他的却步履蹒跚

Grayscale's outflows come as no surprise, given its consistent daily outflows since its inception. However, the weak inflows into other Spot ETFs, such as BlackRock (IBIT) and Fidelity (FBTC), which have historically offset GBTC's outflows, are more concerning.

鉴于灰度自成立以来每天都有持续的资金流出，其资金流出并不令人意外。然而，其他现货 ETF 的资金流入疲软，例如贝莱德 (IBIT) 和富达 (FBTC)，历来抵消了 GBTC 的流出，这更令人担忧。

BlackRock and Fidelity Hit Inflow Lows

贝莱德和富达资金流入创下新低

BlackRock (IBIT), which has consistently attracted the lion's share of inflows, recorded a new inflow low of $18.9 million on Friday, March 22. Fidelity, too, saw its inflow dwindle to $5.9 million on Monday, March 18.

一直吸引最大份额资金流入的贝莱德 (IBIT) 在 3 月 22 日星期五创下了 1,890 万美元的流入新低。富达投资集团的资金流入在 3 月 18 日星期一也减少至 590 万美元。

Bitcoin Price: Can It Recover?

比特币价格：能恢复吗？

The question on everyone's mind is whether Bitcoin can regain its momentum and reclaim its all-time high above $73,000. Continued outflows from Spot Bitcoin ETFs could weigh further on Bitcoin's price.

每个人都关心的问题是，比特币能否重拾动力，重回 73,000 美元以上的历史高点。现货比特币 ETF 的持续流出可能会进一步打压比特币的价格。

Trading Volume Remains Robust

交易量依然强劲

Despite the weak inflows, trading volume remained substantial throughout the week, indicating that the lack of enthusiasm for Spot Bitcoin ETFs is not necessarily indicative of a lack of interest in Bitcoin itself. The cumulative trading volume of the 10 ETFs now stands at $164 billion, with $22.71 billion traded last week.

尽管资金流入疲软，但整周交易量仍然很大，这表明对现货比特币 ETF 缺乏热情并不一定表明对比特币本身缺乏兴趣。目前这10只ETF的累计交易量为1640亿美元，上周交易额为227.1亿美元。

Crucial Days Ahead for Bitcoin

比特币未来的关键日子

The coming days will be pivotal in determining Bitcoin's next major move. Despite the recent setbacks, Bitcoin still has the potential to rebound, especially with the approaching Bitcoin halving event.

未来几天将是决定比特币下一步重大走势的关键。尽管近期遭遇挫折，但比特币仍有反弹潜力，尤其是在比特币减半事件临近的情况下。