比特幣[BTC]現場ETF看到了穩定的投資流

從4月中旬開始，比特幣[BTC]現場ETF看到了穩定的投資，吸引了大部分加密流入。

From mid-April, Bitcoin [BTC] Spot ETFs have seen a steady stream of investments, taking up much of crypto inflows. Renewed interest from institutions made the inflow amount much higher than the outflow amount.

從4月中旬開始，比特幣[BTC]現場ETF看到了穩定的投資，吸引了大部分加密流入。機構的更新利息使流入量高於流出量。

At the same time, the price of the king coin went up steadily, suggesting demand from ETFs helped support the price. This pattern showed that BTC exposure saw net inflows of almost $1 billion.

同時，國王硬幣的價格穩步上漲，這表明ETF的需求有助於支持價格。這種模式表明，BTC的淨流入近10億美元。

At the same time, the price of the king coin went up steadily, suggesting demand from ETFs helped support the price. This pattern showed that BTC exposure saw net inflows of almost $1 billion.

同時，國王硬幣的價格穩步上漲，這表明ETF的需求有助於支持價格。這種模式表明，BTC的淨流入近10億美元。

Key levels and price analysis

關鍵水平和價格分析

Bitcoin’s charts showed strong gains followed by tightly compressed trading. Initially, price consolidated between $83K and $86K. When the price broke out of the range, consolidation occurred between $93K and $96K.

比特幣的圖表顯示出強大的收益，然後是緊縮的交易。最初，價格合併在$ 83K至8.6萬美元之間。當價格從該產品範圍內推出時，合併發生在$ 93K到$ 96K之間。

As a result of the pattern mentioned, the next upward move caused the price to consolidate between $101K and $105K.

由於提到的模式，下一個上升的移動導致價格合併在$ 101K至105K之間。

Given these factors, it is prudent to wait for BTC to move outside the $101K and $105K range. If prices break above $105K, it might mean the market will continue to rise and could reach new records.

鑑於這些因素，等待BTC超出$ 101K和$ 105K的範圍是謹慎的。如果價格超過$ 105K，這可能意味著市場將繼續上升，並可能達到新的記錄。

On the other hand, if the price goes below $101K, it could be a bearish trend that tries to reach the lower end of support.

另一方面，如果價格低於10.1萬美元，那可能是一種去看趨勢，試圖達到支持的下端。

On this level, BTC being ranged results in the fact that things are equal, and the direction it breaks out could show the first signs of its short-term movement.

在這個級別上，BTC的範圍是事實相等的事實，並且它脫離的方向可能顯示出其短期運動的第一個跡象。

BTC OTC and perpetual liquidity levels

BTC OTC和永久流動性水平

On the sell side, the data showed that Bitcoin’s liquidity dropped significantly on all types of platforms since achieving its maximum.

在賣方面，數據表明，自達到最大值以來，比特幣的流動性在所有類型的平台上都大大降低。

With the number of announced sales decreasing fast, it seemed that liquid supply of Bitcoin was reducing quickly.

隨著宣布銷售量的數量迅速減少，比特幣的流動供應迅速減少。

A lack of Bitcoins on the market could, in fact, lead to a surge in pricing, and this could happen in 2025 as long as demand does not fall.

實際上，市場上缺乏比特幣可能會導致價格激增，只要需求不下降，這可能會在2025年發生。

Meanwhile, the amount of fresh liquidation across BTC perpetual contracts pointed out several liquidation points for positions with less leverage, up to the $101,000 level.

同時，跨BTC永久合同的新鮮清算量指出了槓桿率較小的位置的幾個清算點，高達101,000美元。

There were some high leverage longs at $99,459, $98,669, medium leverage longs at $100,522, and $100,033.

有一些高槓桿壽命為$ 99,459，$ 98,669，中型槓桿壽命為$ 100,522和100,033美元。

When it comes to short positions, low leverage liquidations were evident at and above the current price, for instance at $105,764 but also at $105,498.

在短職位上，低杠桿清算在當前價格和高於當前價格的上漲，例如105,764美元，但價格為105,498美元。

It pointed out that there were “more high leveraged liquidity levels found below $101K.” All in all, this pointed to the supply of BTC being squeezed, which could cause an increase in prices.

它指出，“發現低於$ 101K的高槓桿流動性水平更高”。總而言之，這表明BTC的供應被擠壓，這可能會導致價格上漲。

Even so, if Bitcoin prices fall toward the major liquidation levels below $101,000, much selling may result, causing the price to fall even more before any rise due to a supply shock can happen.

即便如此，如果比特幣價格降至低於101,000美元以下的主要清算水平，則可能導致很多銷售，從而導致價格在由於供應衝擊引起的任何上漲之前就會降低。