比特币（BTC）ETF资本流入下跌67％至6亿美元

上周，由比特币支持的基金净流入了6亿美元。尽管这是资本的积极涌入，但与18.1亿美元相比，它占67％的下降67％

Last week, Bitcoin (BTC) backed funds saw net outflows of $600 million. While this was a positive influx of capital, it represents a sharp 67% decline from the $1.81 billion recorded the previous week.

上周，比特币（BTC）支持资金的净流出为6亿美元。尽管这是资本的积极涌入，但它比上周记录的18.1亿美元下降了67％。

Interestingly, this slowdown in institutional flows occurred despite BTC’s rally above the $100,000 price mark for the first time since early February. So, what does this divergence tell us about investor sentiment?

有趣的是，尽管BTC的集会超过了2月初的首次出现100,000美元的价格，但机构流的这种放缓仍在发生。那么，这种分歧告诉我们有关投资者情绪的什么？

Bitcoin ETF Capital Inflows Drop Amid Cautious Investor Sentiment

比特币ETF资本流入在谨慎的投资者情绪中下降

Last week, inflows into spot BTC ETFs totaled $600 million. Although it was a net positive in terms of capital inflow, it marked a 67% dip from the $1.81 billion these funds saw in inflows the previous week.

上周，流入现货BTC ETF的总数为6亿美元。尽管在资本流入方面，这是净积极的，但与前一周的流入中所看到的18.1亿美元相比，它标志着67％的下跌。

Notably, this trend occurred the same week the leading coin broke decisively above the $100,000 price level for the first time since February.

值得注意的是，这一趋势发生在同一周，领先的硬币果断地超过了2月以来首次超过100,000美元的价格水平。

This suggests that the breakout, rather than sparking a buying frenzy, prompted some ETF holders to take some gains or hold off on fresh entries.

这表明，突破，而不是引发购买疯狂的产品，而是促使一些ETF持有人取得了一些收益或拖延新的条目。

Last week’s drop in inflows suggests that while institutional appetite for BTC exposure remains, the pace is slowing, possibly due to caution or fear. It reflects a wait-and-see attitude from investors who had waited three months for the coin to break above $100,000 and are now watching to see if it can hold and stabilize above that key level.

上周流入的下降表明，尽管仍然存在BTC暴露的机构胃口，但步伐正在放缓，这可能是由于谨慎或恐惧所致。它反映了投资者的等待态度，他们等待了三个月的硬币超过100,000美元，现在正在观察它是否可以保持并稳定在该关键水平上。

Bitcoin Sees Bullish Signals from Derivatives Market

比特币看到来自衍生品市场的看涨信号

BTC is trading at $103,979, up 0.24% over the past 24 hours. During that period, open interest in BTC futures has climbed 2%, reflecting increasing trading participation. At press time, this stands at $67.04 billion.

BTC的交易价格为103,979美元，在过去的24小时内增长了0.24％。在此期间，对BTC期货的开放兴趣已攀升2％，反映了交易参与的增加。发稿时，这是670.4亿美元。

A rise in BTC’s price and open interest signals confidence, as more traders are taking positions. This combination suggests a strong trend, with traders expecting the price movement to continue in the direction it is heading.

随着越来越多的贸易商正在担任职位，BTC的价格上涨和开放利息信号信号信号。这种组合表明了一个强烈的趋势，交易者期望价格变动继续前进。

Additionally, the coin’s funding rates remain positive at 0.0082%. This means long positions pay shorts, indicating market participants are leaning bullish.

此外，硬币的资金率仍然为0.0082％。这意味着长位置支付短裤，表明市场参与者倾向于看涨。

Options market activity also reinforces this bullish outlook. Today, call contracts exceed puts, showing that traders are betting on more upside.

期权市场活动也加强了这种看涨的前景。如今，通话合同超过了看台，这表明交易者正在押注更多上行空间。

A combined reading of these metrics suggests that while ETF inflows may have dipped, broader market sentiment remains confident and risk-on.

对这些指标的综合阅读表明，尽管ETF流入可能已经下降，但更广泛的市场情绪仍然是自信和风险的。