比特幣（BTC）現場ETFS本週記錄了9600萬美元的淨外流，標誌著明顯的逆轉

美國現貨比特幣交易所貿易資金（ETF）本週的淨外流為9600萬美元，標誌著以創紀錄的累積流入達到高峰後的急劇逆轉。

The U.S. spot Bitcoin exchange-traded funds (ETFs) saw a significant setback this week as they recorded net outflows of $96 million.

美國現貨比特幣交易所貿易資金（ETF）本周遭受了重大挫折，因為他們記錄了9600萬美元的淨流出。

This marks a sharp reversal from the record-breaking cumulative inflows that peaked recently.

這標誌著最近達到峰值的創紀錄的累積流入的急劇逆轉。

Leading funds, including BlackRock’s iShares Bitcoin Trust (BITO) and Fidelity’s Wise Origin Bitcoin Fund, witnessed reduced inflows, while Grayscale’s GBTC continues to shed assets.

領先的資金，包括貝萊德的iShares比特幣信託基金（Bito）和富達的明智的比特幣基金，見證了流入的減少，而Grayscale的GBTC則繼續提供資產。

This shift in institutional activity comes amid broader market uncertainty. As investors reassess their risk exposure across both traditional equities and digital assets, they are making adjustments to their investment strategies.

機構活動的這種轉變是由於更廣泛的市場不確定性而來。隨著投資者在傳統股票和數字資產中重新評估其風險敞口，他們正在調整其投資策略。

Despite the outflows, analysts remain optimistic about Bitcoin’s role in diversified portfolios, especially in the face of macroeconomic challenges.

儘管流出了，但分析師仍然對比特幣在多元化投資組合中的作用保持樂觀，尤其是面對宏觀經濟挑戰。

They highlight that Bitcoin’s fundamentals, such as its limited supply and decentralized nature, make it an interesting asset class for investors seeking to hedge against monetary debasement, inflation, and financial system stress.

他們強調說，比特幣的基本面，例如其供應有限和分散的性質，使其成為尋求對沖貨幣貶低，通貨膨脹和金融體系壓力的投資者的有趣資產類別。

Bitcoin’s Correlation with Stocks: High in Short-Term, Lower in Crisis

比特幣與股票的相關性：短期高，危機較低

Recent data from CC0 shows that Bitcoin’s correlation with U.S. equities has remained fluid throughout 2024.

CC0的最新數據表明，在2024年，比特幣與美國股票的相關性一直保持流暢。

Over short-term trading periods, Bitcoin often mirrors the trends in the stock market, especially during liquidity-driven selloffs. For instance, from March to May, both asset classes experienced significant declines.

在短期交易期內，比特幣經常反映股票市場的趨勢，尤其是在流動性驅動拋售期間。例如，從3月到五月，兩個資產類別都有很大的下降。

However, during periods of macroeconomic stress or inflationary concerns, Bitcoin’s correlation with the stock market tends to weaken.

但是，在宏觀經濟壓力或通貨膨脹問題的時期，比特幣與股票市場的相關性往往會削弱。

For example, during the turbulent days of March 2024, when the market was battered by banking turmoil and broader economic anxieties, Bitcoin displayed resilience to sell-offs.

例如，在2024年3月動蕩的日子裡，當市場被銀行動盪和更廣泛的經濟焦慮襲擊時，比特幣表現出對拋售的韌性。

This decoupling from equities showcases Bitcoin’s appeal as a “safe haven” asset, similar to gold, albeit with a higher tolerance for volatility.

與股票的分離表明了比特幣作為“避風港”資產的吸引力，類似於黃金，儘管對波動性的容忍度更高。

Financial strategists suggest that while Bitcoin is not immune to market downturns, its unique risk profile can be beneficial for enhancing portfolio diversification, especially in times of market distress.

財務戰略家認為，儘管比特幣不能免疫市場的低迷，但其獨特的風險概況可能有益於增強投資組合多元化，尤其是在市場困擾時期。

Benefits of Bitcoin as a Portfolio Diversifier:

比特幣作為投資組合多樣性的好處：

Bitcoin Price Momentum Strong, But Short-Term Signals Flash Caution

比特幣價格勢頭強勁，但短期信號閃爍謹慎

On the technical front, Bitcoin maintains bullish daily momentum as it trades at a key resistance level.

在技​​術方面，比特幣在關鍵阻力水平上保持看漲的日常動力。

However, analysis of shorter-term charts suggests that some caution is warranted.

但是，對短期圖表的分析表明，有必要謹慎。

Bitcoin price action on shorter-term charts suggests a consolidation phase or a minor pullback could be unfolding.

比特幣價格在較短的時間表上的價格行動表明，合併階段或較小的回調可能正在展開。

Support levels are now being closely monitored, particularly in the $95,000 zone, which traders will be attentive to on the lower side.

現在正在密切監視支持水平，尤其是在$ 95,000的區域中，交易員將在下邊關注。

On the upper side, resistance is anticipated at the $100,000 mark, a psychological and technical barrier that traders will be watching.

在上側，預計抵抗力將達到100,000美元，這是交易者正在關注的心理和技術障礙。

Traders are advised to keep an eye on macroeconomic events, such as upcoming Federal Reserve policy updates and U.S. inflation data, which could have a bearing on Bitcoin’s near-term price trajectory.

建議交易者密切關注宏觀經濟事件，例如即將到來的美聯儲政策更新和美國通貨膨脹數據，這可能與比特幣的近期價格軌蹟有關。

Conclusion: Bitcoin’s Role as a Strategic Asset Remains Intact

結論：比特幣作為戰略資產的作用仍然完好無損

While the recent ETF outflows and short-term technical signals suggest some caution, Bitcoin’s long-term investment thesis remains fundamentally sound.

儘管最近的ETF流出和短期技術信號表明了一些謹慎，但比特幣的長期投資論文在根本上仍然是合理的。

As traditional markets navigate persistent volatility and systemic risks, Bitcoin’s unique attributes and performance in challenging times continue to position it as a valuable diversifier for investors seeking exposure beyond conventional assets.

隨著傳統市場導航持續的波動性和系統性風險，比特幣在挑戰時期的獨特屬性和績效繼續將其定位為對尋求傳統資產以外敞口的投資者的寶貴多元化者。