比特幣（BTC）的價格正在回溯，但是強大的ETF流入，高網絡活動和鯨魚的積累表明BTC可以正常達到140,000美元

比特幣的價格正在回答，但是強大的ETF流入，高網絡活動和鯨魚的積累表明BTC的正軌為140,000美元。

Key takeaways:

關鍵要點：

* Bitcoin’s price is retracing, but strong ETF inflows, high network activity and whale accumulation suggest BTC is on track to $140,000.

*比特幣的價格正在回溯，但是強大的ETF流入，高網絡活動和鯨魚的積累表明BTC的正軌為140,000美元。

* Spot Bitcoin ETFs saw $2.9 billion in net inflows in two weeks, mirroring past rallies.

*現貨比特幣ETF在兩週內獲得了29億美元的淨流入，反映了過去的集會。

The price of Bitcoin (BTC) dropped by 1.4% over the last 24 hours. It traded 6% below its all-time high of $109,000, reached on Jan. 20.

在過去的24小時內，比特幣（BTC）的價格下跌了1.4％。它的交易低於其歷史最高額為109,000美元的6％，達到1月20日。

However, several fundamental, onchain and technical metrics suggest that Bitcoin’s upside is not over.

但是，幾個基本的，OnChain和技術指標表明比特幣的上升空間還沒有結束。

Spot Bitcoin ETF inflows mirror past BTC rallies

現場比特幣ETF流入反映了BTC集會

Bitcoin’s latest recovery was accompanied by strong investor appetite for spot Bitcoin exchange-traded funds (ETFs), which recorded $2.9 billion in net inflows over the last two weeks.

比特幣的最新康復伴隨著對現貨比特幣交易所資金（ETF）的強烈投資者的需求，該基金在過去兩周中記錄了29億美元的淨流入。

The chart below shows that after the launch of the US-based spot Bitcoin ETFs in January 2024, these investment products saw net inflows of about $8.5 billion between Feb. 13, 2024, and March 13, 2024, peaking at a record single-day inflow of $1.045 billion on March 12, 2024.

下圖顯示，在2024年1月的美國現貨比特幣ETF推出後，這些投資產品在2024年2月13日至2024年3月13日之間的淨流入約為85億美元，達到創紀錄的單日流入量為2024年3月12日的104.5億美元。

Similarly, between Nov. 6, 2024, and Dec. 16, 2024, cumulative daily inflows hit $5.7 billion, aligning with Bitcoin’s 60% rally from $67,000 to $108,000 over the same period.

同樣，在2024年11月6日至2024年12月16日之間，累計每日流入率達到57億美元，與比特幣的60％集團從同一時期的67,000美元到108,000美元保持一致。

If ETF inflows continue, Bitcoin is likely to resume its uptrend toward new all-time highs.

如果ETF流入繼續，比特幣可能會恢復其對新歷史高潮的上升趨勢。

Bitcoin market volatility index: risk-on

比特幣市場波動率指數：風險

Increased inflows into spot Bitcoin ETFs signal high risk-on sentiment, as evidenced by a drop in the CBOE Volatility Index (VIX), which measures 30-day market volatility expectations.

增加流入到現貨比特幣ETF的信號信號高風險情緒，這證明了CBOE波動率指數（VIX）的下降，該指數（VIX）衡量了30天的市場波動性預期。

Bitcoin network economist Timothy Peterson highlighted that the VIX index has dropped substantially to 18 from 55 over the past 25 trading days.

比特幣網絡經濟學家蒂莫西·彼得森（Timothy Peterson）強調，VIX指數在過去25個交易日的55個日期從55次下降到18個。

A VIX score below 18 implied a “risk-on” environment, favoring assets like Bitcoin.

VIX得分低於18，暗示了“風險啟用”環境，有利於比特幣等資產。

The analyst said:The VIX Index is now at 18 after a 25 trading day decline from 55. Chart: TradingView

分析師說：VIX指數從55歲的交易日下降了25個。圖表：TradingView。

“The VIX is a key indicator of market risk appetite. When the VIX is low, it signals that investors are calm and there is low uncertainty in the market, which is a bullish factor for BTC. Conversely, when the VIX is high, it indicates market stress and skittish investors, which tends to coincide with Bitcoin price corrections.”

“ VIX是市場風險食慾的關鍵指標。當VIX較低時，它表明投資者是平靜的，並且市場上的不確定性低，這是BTC的看漲因素。相反，當VIX很高時，它表明市場壓力和精打細算的投資者，這往往與比特幣價格校正相吻合。”

Peterson’s model, which has a 95% tracking accuracy, predicted a $135,000 target within the next 100 days if the VIX remains low.

彼得森（Peterson）的模型的跟踪準確性為95％，如果VIX保持較低，則預測未來100天的目標是135,000美元。

Strong Bitcoin accumulation continues

強大的比特幣積累繼續

suggest that BTC is on track for $140,000.

建議BTC的價格為140,000美元。