分析师预测，现货比特币 ETF 有望在价格下跌中卷土重来

在比特币近期价格下跌的情况下，分析师 Ki Young Ju 预测现货比特币 ETF 市场可能会复苏。尽管净流量持续出现负值，但 Ju 表示，当加密货币达到一定的支撑位时，对比特币 ETF 的需求往往会增加。数据显示，新的 BTC 鲸鱼的链上成本基础约为 56,000 美元，这表明如果 BTC 达到这一价格阈值，就会有大量资金流入现货比特币 ETF。

Will Spot Bitcoin ETFs Make a Comeback Amid Price Slump?

现货比特币 ETF 会在价格暴跌中卷土重来吗？

In the wake of Bitcoin's recent price correction, the spot Bitcoin ETF market has been facing headwinds. However, industry analysts are starting to predict a potential resurgence.

近期比特币价格调整后，现货比特币ETF市场一直面临阻力。然而，行业分析师开始预测潜在的复苏。

ETF Demand Rises with Price Dips

ETF 需求随着价格下跌而上升

According to CryptoQuant CEO Ki Young Ju, historical netflow trends suggest that demand for Bitcoin ETFs typically increases when the cryptocurrency hits certain support levels. Despite the recent negative flows in BTC ETFs, Young Ju believes this trend could reverse as Bitcoin approaches its support levels.

CryptoQuant 首席执行官 Ki Young Ju 表示，历史净流量趋势表明，当加密货币达到一定的支撑位时，对比特币 ETF 的需求通常会增加。尽管最近 BTC ETF 出现负流，但 Young Ju 认为，随着比特币接近其支撑位，这一趋势可能会逆转。

ETF Whales Bought at Higher Prices

ETF鲸鱼以更高的价格买入

Data from BitMEX Research shows that new BTC whales, particularly ETF buyers, have an on-chain cost basis of around $56,000. This indicates that significant Bitcoin holders acquired the asset at an average price well above its current market value.

BitMEX Research 的数据显示，新的 BTC 鲸鱼，尤其是 ETF 买家，链上成本基础约为 56,000 美元。这表明重要的比特币持有者以远高于当前市场价值的平均价格购买了该资产。

Potential for Significant Inflows

大量资金流入的潜力

Young Ju predicts that if Bitcoin reaches its support levels, it could trigger significant inflows into the spot Bitcoin ETF market. He notes that such inflows would likely come from ETF buyers looking to capitalize on the price dip.

Young Ju预测，如果比特币达到支撑位，可能会引发大量资金流入现货比特币ETF市场。他指出，此类资金流入可能来自希望利用价格下跌获利的 ETF 买家。

BTC Price Drop Plausible

比特币价格下跌似乎合理

Cointelegraph Markets Pro data indicates that Bitcoin's price has fluctuated between $62,000 and $68,000 in recent weeks. Young Ju suggests that a further decline is possible, with BTC potentially dropping as low as $51,000.

Cointelegraph Markets Pro 数据显示，最近几周比特币的价格在 62,000 美元至 68,000 美元之间波动。 Young Ju 表示，比特币可能会进一步下跌，跌至 51,000 美元。

Correction Driven by Overheating

过热驱动的修正

The recent price correction is attributed to overheated market conditions, which analysts have dubbed a "pre-halving retrace." This correction is expected to be temporary, as the upcoming Bitcoin halving event is seen as a major catalyst for price appreciation.

最近的价格调整归因于市场过热，分析师称之为“减半前回调”。预计这种调整是暂时的，因为即将到来的比特币减半事件被视为价格上涨的主要催化剂。

Halving Event as a Price Booster

减半事件作为价格助推器

A report by CryptoQuant indicates that the Bitcoin bull cycle is still ongoing, with relatively low investment flows from new investors and price valuation metrics below historical highs. The upcoming halving event, which is less than 31 days away, is expected to fuel a parabolic uptrend in Bitcoin's price.

CryptoQuant 的一份报告表明，比特币牛市周期仍在持续，新投资者的投资流量相对较低，价格估值指标也低于历史高位。距离即将到来的减半事件还有不到 31 天，预计将推动比特币价格呈抛物线上涨趋势。

Conclusion

结论

Despite the recent decline in spot Bitcoin ETF netflows, analysts are predicting a potential resurgence as Bitcoin approaches its support levels. The upcoming halving event is also seen as a major driver of price appreciation. However, a further correction in Bitcoin's price is not out of the realm of possibility, with analysts suggesting a potential drop to $51,000.

尽管近期比特币 ETF 现货净流量有所下降，但分析师预测，随着比特币接近其支撑位，比特币 ETF 净流量可能会复苏。即将到来的减半事件也被视为价格上涨的主要推动力。然而，比特币价格进一步调整并非不可能，分析师认为比特币价格可能会跌至 51,000 美元。