比特幣（BTC）現場ETFS記錄了自4月16日以來的第一個淨流出

週三，比特幣景點ETF記錄了自4月16日以來的第一個淨流出，停止了八天的一致流入。

Bitcoin (BTC) spot exchange-traded funds (ETFs) recorded their first net outflow on Wednesday since April 16, pausing an eight-day streak of consistent inflows.

比特幣（BTC）現貨交易所交易基金（ETF）在4月16日以來記錄了他們的第一次淨流出，暫停了八天的一致流入。

The outflow marked a notable shift after the funds collectively attracted over $2 billion in net inflows during the prior eight trading sessions.

在資金在前八筆交易中集體吸引了超過20億美元的淨流入後，流出標誌著一個顯著的轉變。

Bitcoin ETFs Face $56 Million Exit Amid Sideways Price Action

比特幣ETF面臨5600萬美元的側面價格行動的出口

Yesterday saw a total net outflow of $56.23 million from BTC spot ETFs. This sudden shift in funds flow suggests a potential cooldown in institutional demand following a sustained period of accumulation.

昨天，來自BTC Spot ETF的淨流出總額為5623萬美元。資金流的這種突然轉移表明，在持續積累後，機構需求有潛在的冷卻。

BTC’s price consolidation since April 25 may have prompted this pullback. An assessment of the BTC/USD one-day chart reveals that the leading coin has traded within a narrow range since then, facing resistance at $95,427 and finding support at $93,749.

自4月25日以來，BTC的價格合併促使了這種回調。對BTC/美元一日圖的評估表明，領先的硬幣自那時以來一直在狹窄的範圍內交易，面臨95,427美元的阻力，並以93,749美元的價格尋找支持。

With BTC consolidating tightly and failing to break key levels, some key investors are opting to de-risk their positions by temporarily withdrawing capital from BTC-backed funds. An extended period of sideways price action comes with uncertainty around short-term momentum, making it harder to sustain the aggressive inflows into BTC ETFs.

隨著BTC的鞏固穩定並未能打破關鍵水平，一些主要投資者選擇通過從BTC支持的資金中暫時退出資本來降低其頭寸。橫向價格的長期行動帶來了短期勢頭的不確定性，因此很難將積極的流入降低到BTC ETF中。

On Wednesday, BlackRock’s iShares Bitcoin Trust (IBIT) was the only fund to buck the trend, recording a net inflow of $267.02 million, bringing its total historical net inflow to $42.65 billion.

週三，貝萊德（Blackrock）的iShares比特幣信託（IBIT）是唯一一項逆轉趨勢的基金，淨流入量為2.6702億美元，其歷史淨流入總額達到426.5億美元。

Fidelity’s FBTC saw a $137.49 million exit from the fund in a single day. Despite the drawdown, FBTC’s total historical net inflow stands at $11.63 billion.

富達的FBTC在一天之內從該基金中退出了1.3749億美元。儘管減少了，但FBTC的歷史淨流入量仍為116.3億美元。

BTC Derivatives Market Shows Mixed Sentiment

BTC衍生品市場表明情緒不同

Meanwhile, despite the recent price consolidation, derivatives market data reflect a mixed sentiment among traders. Open interest in BTC futures has declined slightly over the past day, signaling reduced activity.

同時，儘管最近的價格合併，但衍生品市場數據反映了交易者的情緒不同。在過去的一天中，對BTC期貨的開放興趣略有下降，表明活動減少了。

At press time, this stands at $61.50 billion, noting a 1% dip over the past day. A drop in open interest like this suggests that traders are closing out positions rather than opening new ones. This trend reflects uncertainty or waning conviction in BTC’s short-term price direction.

發稿時，這是615億美元，注意到過去幾天的跌幅為1％。這樣的開放興趣的下降表明，交易者正在關閉職位，而不是開設新職位。這種趨勢反映了BTC短期價格方向上的不確定性或減弱的定罪。

However, the coin’s funding rate remains positive, indicating that long traders are still dominant. As of this writing, this stands at 0.0039%, confirming the preference for long positions over short ones.

但是，硬幣的資金率仍然是積極的，這表明長交易者仍然占主導地位。截至撰寫本文時，這是0.0039％，確認對長位置而不是短職位的偏好。

This bullish sign indicates that despite BTC’s price stagnancy, many of its futures traders are still opening bets in favour of a price rally.

這個看漲的跡象表明，儘管BTC的價格停滯，但其許多期貨交易者仍在打開賭注，以支持價格集會。

Additionally, the options market shows a higher volume of call contracts than puts, a sign that some market participants will continue to bet on an upward breakout in the near term.

此外，期權市場顯示的呼叫合同量要比觀點更高，這表明某些市場參與者將在短期內繼續押注向上的突破。

The pullback in ETF inflows may reflect profit-taking after a strong April performance, but data from both futures and options markets suggest investors are not turning bearish just yet.

ETF流入的回調可能反映在四月的出色表現之後的利潤，但是來自期貨和期權市場的數據表明，投資者尚未轉向看跌。