比特幣（BTC）ETF資本流入下跌67％至6億美元

上週，由比特幣支持的基金淨流入了6億美元。儘管這是資本的積極湧入，但與18.1億美元相比，它佔67％的下降67％

Last week, Bitcoin (BTC) backed funds saw net outflows of $600 million. While this was a positive influx of capital, it represents a sharp 67% decline from the $1.81 billion recorded the previous week.

上週，比特幣（BTC）支持資金的淨流出為6億美元。儘管這是資本的積極湧入，但它比上週記錄的18.1億美元下降了67％。

Interestingly, this slowdown in institutional flows occurred despite BTC’s rally above the $100,000 price mark for the first time since early February. So, what does this divergence tell us about investor sentiment?

有趣的是，儘管BTC的集會超過了2月初的首次出現100,000美元的價格，但機構流的這種放緩仍在發生。那麼，這種分歧告訴我們有關投資者情緒的什麼？

Bitcoin ETF Capital Inflows Drop Amid Cautious Investor Sentiment

比特幣ETF資本流入在謹慎的投資者情緒中下降

Last week, inflows into spot BTC ETFs totaled $600 million. Although it was a net positive in terms of capital inflow, it marked a 67% dip from the $1.81 billion these funds saw in inflows the previous week.

上週，流入現貨BTC ETF的總數為6億美元。儘管在資本流入方面，這是淨積極的，但與前一周的流入中所看到的18.1億美元相比，它標誌著67％的下跌。

Notably, this trend occurred the same week the leading coin broke decisively above the $100,000 price level for the first time since February.

值得注意的是，這一趨勢發生在同一周，領先的硬幣果斷地超過了2月以來首次超過100,000美元的價格水平。

This suggests that the breakout, rather than sparking a buying frenzy, prompted some ETF holders to take some gains or hold off on fresh entries.

這表明，突破，而不是引發購買瘋狂的產品，而是促使一些ETF持有人取得了一些收益或拖延新的條目。

Last week’s drop in inflows suggests that while institutional appetite for BTC exposure remains, the pace is slowing, possibly due to caution or fear. It reflects a wait-and-see attitude from investors who had waited three months for the coin to break above $100,000 and are now watching to see if it can hold and stabilize above that key level.

上周流入的下降表明，儘管仍然存在BTC暴露的機構胃口，但步伐正在放緩，這可能是由於謹慎或恐懼所致。它反映了投資者的等待態度，他們等待了三個月的硬幣超過100,000美元，現在正在觀察它是否可以保持並穩定在該關鍵水平上。

Bitcoin Sees Bullish Signals from Derivatives Market

比特幣看到來自衍生品市場的看漲信號

BTC is trading at $103,979, up 0.24% over the past 24 hours. During that period, open interest in BTC futures has climbed 2%, reflecting increasing trading participation. At press time, this stands at $67.04 billion.

BTC的交易價格為103,979美元，在過去的24小時內增長了0.24％。在此期間，對BTC期貨的開放興趣已攀升2％，反映了交易參與的增加。發稿時，這是670.4億美元。

A rise in BTC’s price and open interest signals confidence, as more traders are taking positions. This combination suggests a strong trend, with traders expecting the price movement to continue in the direction it is heading.

隨著越來越多的貿易商正在擔任職位，BTC的價格上漲和開放利息信號信號信號。這種組合表明了一個強烈的趨勢，交易者期望價格變動繼續前進。

Additionally, the coin’s funding rates remain positive at 0.0082%. This means long positions pay shorts, indicating market participants are leaning bullish.

此外，硬幣的資金率仍然為0.0082％。這意味著長位置支付短褲，表明市場參與者傾向於看漲。

Options market activity also reinforces this bullish outlook. Today, call contracts exceed puts, showing that traders are betting on more upside.

期權市場活動也加強了這種看漲的前景。如今，通話合同超過了看台，這表明交易者正在押注更多上行空間。

A combined reading of these metrics suggests that while ETF inflows may have dipped, broader market sentiment remains confident and risk-on.

對這些指標的綜合閱讀表明，儘管ETF流入可能已經下降，但更廣泛的市場情緒仍然是自信和風險的。