加密貨幣流出訊號在創紀錄的流入中出現修正

最近的加密貨幣資金外流預示著市場可能會出現調整。儘管過去幾週的資金流入量創歷史新高，但由於灰階比特幣信託基金 (GBTC) 的大量資金流出，超過 9.42 億美元已離開數位貨幣生態系統。這一趨勢引發了人們對近期漲勢永續性的質疑，因為機構投資者在過去七週內總共向加密貨幣投資產品投入了 123 億美元。資金流出和創紀錄的資金流入的並列描繪了一幅有趣的市場動態圖景。

Is the Crypto Outflow Trend a Sign of Correction?

加密貨幣外流趨勢是修正的跡象嗎？

After a seven-week rally, the digital currency ecosystem has seen its first weekly outflow, with over $942 million leaving the market. According to CoinShares, the massive outflow from Grayscale Bitcoin Trust (GBTC) was the catalyst for the downtrend.

經過七週的上漲後，數位貨幣生態系統首次出現每週資金流出，超過 9.42 億美元離開市場。據 CoinShares 稱，灰階比特幣信託（GBTC）的大量資金流出是下跌趨勢的催化劑。

Outflows Despite Record Inflows

儘管資金流入創紀錄，但資金仍流出

Despite the outflow, it's worth noting that the crypto inflow-outflow chart tells an interesting story. The $942 million outflow comes on the heels of the biggest inflow since the start of the year. Over the past seven weeks, institutional investors have poured a total of $12.3 billion into crypto investment products.

儘管有資金流出，但值得注意的是，加密貨幣流入-流出圖表講述了一個有趣的故事。 9.42 億美元的資金流出是在今年年初以來最大的資金流入之後發生的。過去七週，機構投資者總共向加密貨幣投資產品投入了 123 億美元。

Bitcoin Bears the Brunt

比特幣首當其衝

In the past week, new Bitcoin ETF issuers attracted $1.1 billion, partially offsetting the $2 billion outflows from Grayscale. However, Bitcoin still suffered the biggest outflow, losing a total of $904 million. Despite the recent outflow, Bitcoin's month-to-date (MTD) inflow remains at $4.517 billion, while the year-to-date (YTD) figure stands at $11.964 billion.

過去一周，新的比特幣 ETF 發行人吸引了 11 億美元，部分抵消了 Grayscale 的 20 億美元資金流出。不過，比特幣仍然遭受最大的流出，總計損失了 9.04 億美元。儘管最近出現資金流出，但比特幣月至今 (MTD) 流入量仍為 45.17 億美元，而年初至今 (YTD) 流入量為 119.64 億美元。

Ethereum's Modest Outflow

以太坊適度流出

While the United States Securities and Exchange Commission (SEC) has yet to approve a spot Ethereum ETF, ETH experienced a mild outflow of $34.2 million over the past week. This brings its YTD figure to $87 million and its MTD loss to $46.4 million.

儘管美國證券交易委員會 (SEC) 尚未批准以太坊 ETF 現貨，但 ETH 在過去一周經歷了 3,420 萬美元的溫和流出。這使其年初至今的數字達到 8,700 萬美元，MTD 虧損達到 4,640 萬美元。

Correction or Consolidation?

修正還是整合？

The outflow for the past week highlights the current uncertainty in the crypto market and suggests the need for a potential correction. The outflow coincided with a slowdown in the price of Bitcoin, which dropped to a low of $60,940 from its all-time high (ATH) of $73,750.07 set just 11 days ago.

過去一周的資金外流凸顯了當前加密貨幣市場的不確定性，並表明需要進行潛在的調整。這筆資金流出恰逢比特幣價格放緩，比特幣價格從 11 天前創下的歷史高點 (ATH) 73,750.07 美元跌至 60,940 美元的低點。

Monday's Market Sentiment

週一市場情緒

At the time of writing, Bitcoin's price is hovering around $67,126.98, up 2.38% in the past 24 hours. With the positive uptick in the ETF market on Monday, a renewed accumulation trend could revive the bullish sentiment and potentially help BTC end March on a stronger note.

截至撰寫本文時，比特幣價格徘徊在 67,126.98 美元附近，過去 24 小時上漲 2.38%。隨著週一 ETF 市場的積極上漲，新的累積趨勢可能會重振看漲情緒，並可能幫助 BTC 在 3 月結束時走強。