比特幣、以太坊和 ETF 流入：鯨魚仍在玩遊戲

儘管市場下跌，比特幣和以太坊 ETF 仍出現強勁資金流入，表明機構興趣和鯨魚活動持續存在。是什麼推動了這一趨勢？

The crypto market's been a rollercoaster, but here's the bottom line: despite some dips, Bitcoin and Ethereum ETFs are still raking in cash. Big players, or 'whales' as we like to call them, are making moves, and institutions are increasingly warming up to crypto. Let's dive into what's happening.

加密貨幣市場就像過山車一樣，但底線是：儘管出現了一些下跌，比特幣和以太坊 ETF 仍然在賺取現金。大玩家，或者我們稱之為“鯨魚”，正在採取行動，機構也越來越熱衷於加密貨幣。讓我們深入了解正在發生的事情。

ETF Inflows Remain Strong

ETF 資金流入依然強勁

Even with the broader market taking a breather, crypto ETFs are seeing serious inflows. On October 7th, US-traded spot crypto ETFs pulled in over $1.3 billion net. Bitcoin ETFs snagged a cool $875.6 million, while Ethereum ETFs saw $420.9 million flow in. Solana's in on the action too, with its SSK ETF adding $14.6 million.

即使大盤稍事休息，加密貨幣 ETF 仍出現大量資金流入。 10 月 7 日，美國交易的現貨加密 ETF 淨值超過 13 億美元。比特幣 ETF 流入了 8.756 億美元，而以太坊 ETF 流入了 4.209 億美元。 Solana 也參與其中，其 SSK ETF 流入了 1460 萬美元。

Ethereum ETFs have officially crossed the $15 billion mark in cumulative inflows, a first. Bitcoin ETFs aren't slacking either, smashing records by surpassing $62 billion in total inflows.

以太坊 ETF 的累計流入量首次正式突破 150 億美元大關。比特幣 ETF 也沒有鬆懈，總流入量超過 620 億美元，打破了記錄。

Institutional Interest is Heating Up

機構興趣正在升溫

What's fueling this? According to Bitwise CIO Matthew Hougan, we're looking at record flows into Bitcoin ETFs during the fourth quarter. Morgan Stanley and Wells Fargo are now allowing advisors to allocate a portion of client portfolios to crypto, a major shift. This opens the door for a wave of pent-up demand from advisors who've been waiting for the green light.

是什麼推動了這一切？ Bitwise 首席信息官 Matthew Hougan 表示，我們預計第四季度比特幣 ETF 的流入量將創歷史新高。摩根士丹利和富國銀行現在允許顧問將部分客戶投資組合分配給加密貨幣，這是一個重大轉變。這為一直在等待綠燈的顧問們帶來一波被壓抑的需求打開了大門。

The "debasement trade," the idea of investing in scarce assets amid currency concerns, is also a driving force. Gold and Bitcoin are leading the pack in returns, and with governments printing money like it's going out of style, investors are looking for safe havens.

“貶值交易”，即在貨幣擔憂的情況下投資稀缺資產的想法，也是一個推動力。黃金和比特幣的回報率處於領先地位，隨著政府印鈔的方式似乎已經過時，投資者正在尋找避風港。

Whale Watching: Big Moves Underway

觀鯨：重大舉措正在進行中

While the market saw some corrections, whales were busy scooping up Bitcoin. Lookonchain reported significant whale activity, with one whale withdrawing 650 BTC ($80 million) from Binance. Fresh wallets also received substantial amounts of BTC from Galaxy Digital and BitGo. This coordinated buying spree suggests big players see the dips as buying opportunities.

儘管市場出現一些調整，但鯨魚卻忙著買入比特幣。 Lookonchain 報告了大量鯨魚活動，其中一隻鯨魚從幣安提取了 650 BTC（8000 萬美元）。新錢包還從 Galaxy Digital 和 BitGo 收到了大量比特幣。這種協調一致的購買狂潮表明，大型企業將下跌視為買入機會。

Bitcoin's Bouncing Back

比特幣的反彈

As of October 9th, Bitcoin is trading around $121,957, after experiencing some volatility. Sustained ETF inflows, gold's impressive run, and hints of softer Federal Reserve rate policies are all contributing to Bitcoin's recovery. The demand from ETFs is providing a solid foundation for the price, proving that institutions are hungry for exposure.

截至 10 月 9 日，比特幣在經歷了一些波動後，交易價格約為 121,957 美元。持續的 ETF 流入、黃金的強勁上漲以及美聯儲利率政策放緩的跡像都有助於比特幣的複蘇。 ETF 的需求為價格奠定了堅實的基礎，證明機構渴望敞口。

Ethereum's Whale of a Time

以太坊時代的鯨魚

Speaking of whales, a major Bitcoin whale, holding over $10 billion in BTC, moved a whopping $363.9 million to Hyperunit, a trading platform known for large asset exchanges. This sparked rumors that the whale might be gearing up to buy more Ethereum, a move they've made before. On-chain data shows that whale wallets have been gradually increasing their ETH holdings, suggesting a broader trend of diversification.

說到鯨魚，一隻持有超過 100 億美元比特幣的大型比特幣鯨魚，向以大型資產交易所而聞名的交易平台 Hyperunit 轉移了高達 3.639 億美元的資金。這引發了謠言，稱鯨魚可能正準備購買更多以太坊，這是他們之前採取的舉措。鏈上數據顯示，鯨魚錢包一直在逐漸增加其 ETH 持有量，這表明更廣泛的多元化趨勢。

The Outlook: Bullish on Crypto

展望：看好加密貨幣

With institutional interest growing, whales making strategic moves, and ETF inflows remaining strong, the future looks bright for Bitcoin and Ethereum. Bitwise is even projecting that 2025 inflows will surpass the $36 billion record set in 2024. So, buckle up, folks. It's going to be an interesting ride.

隨著機構興趣的增長、鯨魚採取戰略舉措以及 ETF 資金流入保持強勁，比特幣和以太坊的未來看起來一片光明。 Bitwise 甚至預測 2025 年的資金流入將超過 2024 年創下的 360 億美元紀錄。所以，各位，請係好安全帶。這將是一次有趣的旅程。

Disclaimer: This ain't investment advice. Do your own research before diving into the crypto pool.

免責聲明：這不是投資建議。在進入加密貨幣池之前，請先進行自己的研究。