尽管大量资本流出了加密市场

尽管一波资本流出了席卷加密市场，但比特币还是折价了88,000美元，这违背了看跌期望。加密分析师阿里·马丁内斯（Ali Martinez）报道了

Capital outflows continued to plague the crypto market as a whole despite Bitcoin’s surprising price action. Crypto analyst Ali Martinez reported that big money was withdrawn from the market for four days in a row.

尽管比特币采取了令人惊讶的价格行动，但资本流出仍在困扰整个加密货币市场。加密分析师阿里·马丁内斯（Ali Martinez）报告说，大笔资金已连续四天从市场上撤回。

About $630 million in capital outflows

大约6.3亿美元的资本流出

According to Martinez’s analysis, a total of $3.6 billion was withdrawn from the market between April 17 and 20. The outflows come as traders grew increasingly conservative and decided to take some profits off the table. However, even with these massive outflows, Bitcoin’s rally remained largely undeterred.

根据马丁内斯的分析，在4月17日至20日之间，从市场上撤出了总计36亿美元。随着贸易商的增长越来越保守，流出就来了，并决定将一些利润从桌面上拿走。但是，即使有了这些大量流出，比特币的集会仍然很大程度上不受欢迎。

The capital outflows come as no surprise given the recent market trends. After a strong start to the year, the crypto market began to show signs of weakness in mid-April. This was due in part to a macroeconomic environment that grew increasingly risk-off with every passing day. As the US dollar dropped significantly and gold price hit $3,500, investors were forced to seek safety in other markets.

考虑到最近的市场趋势，资本流出不足为奇。在今年的强劲开端之后，加密货币市场开始在4月中旬表现出虚弱的迹象。这部分是由于宏观经济环境随着每一天而变得越来越冒险。随着美元大幅下降，黄金价格达到3500美元，投资者被迫在其他市场中寻求安全。

This also came as equities started to decline with rising trade tensions between the US and its partners. The current unstable atmosphere created by new tariffs and failed negotiations with China and Japan made traditional markets unpredictable and uncertain.

随着美国与其合作伙伴之间的贸易紧张局势的加剧，股票开始下降。当前由新的关税和与中国和日本进行谈判失败的不稳定氛围使传统市场变得不可预测和不确定。

The outflows also come as the Fear and Greed Index rose to 47, the highest score since late March. This change in investor sentiment could lead to even greater strength in the market, especially when combined with macroeconomic fundamentals.

恐惧和贪婪指数上升到47分，这是3月下旬以来的最高分。投资者情绪的这种变化可能会导致市场上的实力更大，尤其是与宏观经济基本面相结合时。

Liquidations continue in the market

清算在市场上继续

The new price levels come after Bitcoin rose by 1.16% within the past 24 hours while experiencing enormous trader liquidations. As Coinglass reports, more than 104,000 traders were wiped out in a single day with a total loss of $265.85m.

在过去24小时内比特币在经历巨大的交易员清算的同时，比特币在过去24小时内增长了1.16％。正如Coinglass报道的那样，一天后消灭了104,000多名交易者，总亏损为2.6585亿美元。

Long positions suffered the biggest blow, from which $145.88 million were eroded, while the shorts incurred losses of $119.98 million. Bitcoin posted the highest liquidation figures of $87.3 million, with Ether taking second place with $68.87 million.

长位置遭受了最大的打击，损失了1.4588亿美元，而短裤损失了1.1998亿美元。比特币的清算数字最高为8,730万美元，以太币以6887万美元的价格排名第二。

The liquidations come as major holders are returning to the market. According to Glassnode, Bitcoin wallets with over 1,000 BTC rose to a four-month high. These levels were last witnessed in the immediate aftermath of Donald Trump’s win in November 2024.

当主要持有人返回市场时，清算开始。根据GlassNode的说法，超过1,000 BTC的比特币钱包上升到了四个月的高度。这些水平在2024年11月唐纳德·特朗普（Donald Trump）胜利的后立即见证了这些水平。

This rally comes amid rising trust in Bitcoin as being an inflation hedge. Bitget Research further noted that the exchange between Bitcoin and gold has favorable indications of its safe-haven status. BitMEX co-founder Arthur Hayes proposed this to be the last chance to purchase BTC below 100k, citing buyback of the US Treasury bonds as the source of the upcoming liquidity boost.

由于对比特币的信任是通货膨胀对冲，这次集会就会出现。 BITGET研究进一步指出，比特币和黄金之间的交换有利地迹象表明其安全状态。 Bitmex联合创始人Arthur Hayes认为这是购买BTC以下100K以下的最后机会，理由是美国财政债券作为即将推动的流动性提升的来源。