比特幣[BTC]價格可能正在轉向動蕩的水域

美國經濟可能正在轉向動蕩的水域。

The American economy may be steering into turbulent waters.

美國經濟可能正在轉向動蕩的水域。

The Kansas City Federal Reserve’s Labor Market Conditions Indicators (LMCI) fell for the second successive month, showing even more weakness in the job market.

堪薩斯城美聯儲的勞動力市場狀況指標（LMCI）連續第二個月份下跌，顯示出就業市場的弱點。

The fall is the latest of a series of warning signs that predict the probability of a looming recession.

跌倒是一系列警告信號中的最新，可以預測迫在眉睫的衰退的可能性。

While the traditional markets start to buckle under the weight, Bitcoin [BTC] may be in the gain. The most recent figures show a boom in BTC ETF inflows, which indicates growing investor demand.

儘管傳統市場開始在體重下扣緊，但比特幣[BTC]可能會受益。最近的數據顯示，BTC ETF流入繁榮，這表明投資者需求不斷增長。

Is the digital coin’s ‘safe haven’ status then the principal driver behind its subsequent bull run? Let’s find out!

數字硬幣的“避風港”狀態是其隨後的公牛奔跑背後的主要駕駛員嗎？讓我們找出答案！

Labor market flashing red again

勞動力市場再次閃爍紅色

The LMCI is a comprehensive gauge of U.S. labor market momentum and activity.

LMCI是美國勞動力市場動力和活動的全面量表。

Falling LMCI typically points to falling job creation, slowing wages, or less aggressive hiring practices. This further decline supports the view that labor conditions are deteriorating more aggressively than expected.

LMCI下降通常指出創造就業，減緩工資或較少積極的招聘實踐。這種進一步的下降支持了這樣一種觀點，即勞動條件的惡化比預期的更為積極。

Economists closely monitor the LMCI as it generally moves before overall macroeconomic indicators.

經濟學家通常會在總體宏觀經濟指標之前進行密切監視LMCI。

If the indicator is moving down, it could be a sign that the Federal Reserve’s tight interest rate policy is starting to bite deeper into the real economy.

如果指標下降，則可能表明美聯儲的嚴格利率政策開始更深入地融入現實經濟。

Source: Alphractal

來源：字母

A sign of investors portfolio rotation

投資者投資組合輪換的標誌

In the meantime, Bitcoin appears to be gaining from this volatility.

同時，比特幣似乎從這種波動率中獲得了。

Recent figures for BTC ETF showed a steep rise in inflows, with institutional money flowing into the asset increasingly.

BTC ETF的最新數據顯示流入急劇上升，機構資金越來越多地流入資產。

This is a sign of a noticeable change in investor sentiment, from traditional equities to digital assets like Bitcoin.

這是投資者情緒的明顯變化的跡象，從傳統股票到像比特幣這樣的數字資產。

More than just a short-term hedge, Bitcoin’s positioning as “digital gold” is getting renewed validation.

比特幣作為“數字黃金”的定位不僅僅是短期對沖，還在重新驗證。

During times of economic crisis, investors seek refuge in securities that are scarce in supply, liquid and decentralized.

在經濟危機時期，投資者尋求避難所供應，液體和分散的證券。

BTC fits here and has increasingly found use as a vehicle for diversification during times of macroeconomic stress.

BTC適合這裡，並在宏觀經濟壓力時期越來越發現用作多樣化的載體。

Source: BitBO

來源：Bitbo

Recession narrative fuels Bitcoin’s demand story

經濟衰退敘事燃料比特幣的需求故事

Of course, if labor metrics continue to slump and macro risk grows, investor appetite for Bitcoin could accelerate.

當然，如果勞動力指標繼續下降，宏觀風險會增加，那麼對比特幣的投資者可能會加速。

We’ve seen this playbook before—shrinking job markets often lead to speculation about Fed rate cuts.

我們之前曾看過這本劇本 - 換檔就業市場通常會導致人們對美聯儲削減稅率的猜測。

If that chatter grows louder, risk assets like BTC may catch a fresh bid, especially as capital rotates out of equities and into non-correlated digital assets.

如果這種聊天率越來越大，那麼BTC等風險資產可能會引起新的投標，尤其是當資本從股票中旋轉並進入無關的數字資產時。

With inflows into BTC ETFs picking up speed, the market may be witnessing the initial stages of a more global risk rebalancing.

隨著流入BTC ETF的速度，市場可能正在見證更全球風險重新平衡的初始階段。