比特幣 ETF 需求回報週一流入 1.05 億美元

比特幣ETF市場反彈持續加強，報告顯示6月3日資金流入1.05億美元。億美元。

Bitcoin ETFs saw a surge in demand on Monday, with data from on-chain platform SpotOnChain revealing inflows of $105 million. This marks 15 consecutive trading days (three weeks) of positive flows, bringing the total cumulative inflows to $2.40 billion.

週一，比特幣 ETF 的需求激增，鏈上平台 SpotOnChain 的數據顯示，資金流入達 1.05 億美元。這標誌著連續15個交易日（三週）資金正流入，累計流入總額達24億美元。

The inflows varied across different ETFs. Fidelity's Bitcoin ETF (FBTC) led the day with inflows of up to $77 million (over 1,110 BTC), while Grayscale's GBTC and BlackRock's IBIT recorded zero net flows. Bitwise ETF (BITB) saw inflows of $14 million, and Ark21Shares' ARKB ETF had up to $10 million in positive flows.

不同 ETF 的資金流入情況各不相同。富達 (Fidelity) 的比特幣 ETF (FBTC) 領漲，流入金額高達 7,700 萬美元（超過 1,110 BTC），而 Grayscale 的 GBTC 和 BerRock 的 IBIT 淨流量為零。 Bitwise ETF (BITB) 的流入量為 1,400 萬美元，Ark21Shares 的 ARKB ETF 的正流入量高達 1,000 萬美元。

This surge in ETF demand coincides with an increase in global liquidity. As Bitcoin analyst Willy Woo points out, the correlation between BTC price and M2 expansion reflects broader market sentiment and economic conditions.

ETF 需求激增與全球流動性增加同時發生。正如比特幣分析師 Willy Woo 指出的那樣，BTC 價格與 M2 擴張之間的相關性反映了更廣泛的市場情緒和經濟狀況。

A high M2 expansion indicates a loose monetary policy and increased money supply. In response, Bitcoin's price tends to rise as investors seek alternative assets for potential returns.

M2擴張較高，顯示貨幣政策寬鬆，貨幣供給增加。作為回應，隨著投資者尋求替代資產以獲得潛在回報，比特幣的價格往往會上漲。

Notably, Bitcoin's price usually reacts positively to rising money supply and inflation concerns. This is because investors view BTC as a hedge against traditional fiat currencies like the US dollar, which could depreciate due to inflation.

值得注意的是，比特幣的價格通常會對貨幣供應增加和通膨擔憂做出積極反應。這是因為投資者將比特幣視為對沖美元等傳統法定貨幣的對沖工具，而美元可能會因通貨膨脹而貶值。

Bitfinex analysts highlighted in their Monday market update that Bitcoin ETF inflows have averaged $136 million per day over the last two weeks. "This is 4x the $32M daily sell pressure from miners." They noted, adding that this period marks a "Bitcoin accumulation phase."

Bitfinex 分析師在周一的市場更新中強調，過去兩週比特幣 ETF 流入量平均每天為 1.36 億美元。 “這是礦工每日 3200 萬美元拋售壓力的 4 倍。”他們指出，並補充說這段時期標誌著「比特幣累積階段」。

The analysts also noted that the correction phase may be coming to an end. They attributed the recent drop from highs of $73,777 to selling activity among long-term holders. The report suggests that long-term holders have begun to re-accumulate BTC for the first time since December 2023.

分析師也指出，調整階段可能即將結束。他們將最近從 73,777 美元的高點下跌歸因於長期持有者的拋售活動。該報告表明，長期持有者自 2023 年 12 月以來首次開始重新累積 BTC。

After the April 20 Bitcoin halving, investor confidence has surged, bolstering the bullish narrative. This is evident in the rising Bitcoin realized capitalization, which approaches $600 billion.

4 月 20 日比特幣減半後，投資者信心飆升，支撐了看漲的說法。這一點從比特幣實現的資本總額不斷上升（接近 6,000 億美元）中可見一斑。

The BTC Realized Cap metric showcases Bitcoin's true value based on the price at which coins last moved. It provides a unique perspective on market dynamics, investor behavior, and historical trends within the Bitcoin ecosystem.

BTC 已實現上限指標根據代幣上次變動的價格展示了比特幣的真實價值。它提供了關於比特幣生態系統內的市場動態、投資者行為和歷史趨勢的獨特視角。

The Bitcoin price continues to consolidate along an ascending trend line since May 1, forming a series of higher lows. Trading 22% above the range low of $56,552, BTC seems poised for further gains as it attempts to break out of consolidation.

自5月1日以來，比特幣價格繼續沿著上升趨勢線盤整，形成一系列更高的低點。 BTC 的交易價格較區間低點 56,552 美元高出 22%，在試圖突破盤整格局時似乎有望進一步上漲。

Tailwinds for bullish price action emerge with a buy signal triggered when the Relative Strength Index (RSI) crosses above the signal line (yellow band). If traders follow this call, Bitcoin's price could head north. The Awesome Oscillator's position in positive territory indicates bullish sentiment, supporting the bullish thesis.

當相對強度指數 (RSI) 穿越訊號線（黃色帶）上方時，會觸發買入訊號，從而出現看漲價格走勢的順風。如果交易者遵循這一觀點，比特幣的價格可能會上漲。真棒振盪器處於正值區域表示看漲情緒，支持看漲論點。

On the other hand, the volume profile shows that while there is a lot of bullish activity (orange nodes) waiting to interact with Bitcoin price at current levels, there is even more bearish activity (grey nodes). Hence, the bulls must propel BTC above the $72,149 resistance for Bitcoin price to clear the forest.

另一方面，成交量概況顯示，雖然有大量看漲活動（橘色節點）等待與當前水平的比特幣價格互動，但還有更多看跌活動（灰色節點）。因此，多頭必須推動 BTC 突破 72,149 美元阻力位，比特幣價格才能清理森林。

A drop below $67,594 could spark panic selling, potentially driving the price down to $65,000. If that level doesn't hold, Bitcoin could re-test the $61,169 support, presenting a potential buying opportunity for investors.

跌破 67,594 美元可能會引發恐慌性拋售，可能導致價格跌至 65,000 美元。如果該水準無法維持，比特幣可能會重新測試 61,169 美元的支撐位，為投資者提供潛在的買入機會。

In a worst-case scenario with strong bearish momentum, a candlestick close below $56,000 would invalidate the bullish outlook. At the time of writing, the Bitcoin price is trading at $69,429.

在最壞的情況下，如果看跌勢頭強勁，燭台收盤價低於 56,000 美元將使看漲前景失效。截至撰寫本文時，比特幣價格為 69,429 美元。