比特币[BTC]价格可能正在转向动荡的水域

美国经济可能正在转向动荡的水域。

The American economy may be steering into turbulent waters.

美国经济可能正在转向动荡的水域。

The Kansas City Federal Reserve’s Labor Market Conditions Indicators (LMCI) fell for the second successive month, showing even more weakness in the job market.

堪萨斯城美联储的劳动力市场状况指标（LMCI）连续第二个月份下跌，显示出就业市场的弱点。

The fall is the latest of a series of warning signs that predict the probability of a looming recession.

跌倒是一系列警告信号中的最新，可以预测迫在眉睫的衰退的可能性。

While the traditional markets start to buckle under the weight, Bitcoin [BTC] may be in the gain. The most recent figures show a boom in BTC ETF inflows, which indicates growing investor demand.

尽管传统市场开始在体重下扣紧，但比特币[BTC]可能会受益。最近的数据显示，BTC ETF流入繁荣，这表明投资者需求不断增长。

Is the digital coin’s ‘safe haven’ status then the principal driver behind its subsequent bull run? Let’s find out!

数字硬币的“避风港”状态是其随后的公牛奔跑背后的主要驾驶员吗？让我们找出答案！

Labor market flashing red again

劳动力市场再次闪烁红色

The LMCI is a comprehensive gauge of U.S. labor market momentum and activity.

LMCI是美国劳动力市场动力和活动的全面量表。

Falling LMCI typically points to falling job creation, slowing wages, or less aggressive hiring practices. This further decline supports the view that labor conditions are deteriorating more aggressively than expected.

LMCI下降通常指出创造就业，减缓工资或较少积极的招聘实践。这种进一步的下降支持了这样一种观点，即劳动条件的恶化比预期的更为积极。

Economists closely monitor the LMCI as it generally moves before overall macroeconomic indicators.

经济学家通常会在总体宏观经济指标之前进行密切监视LMCI。

If the indicator is moving down, it could be a sign that the Federal Reserve’s tight interest rate policy is starting to bite deeper into the real economy.

如果指标下降，则可能表明美联储的严格利率政策开始更深入地融入现实经济。

Source: Alphractal

来源：字母

A sign of investors portfolio rotation

投资者投资组合轮换的标志

In the meantime, Bitcoin appears to be gaining from this volatility.

同时，比特币似乎从这种波动率中获得了。

Recent figures for BTC ETF showed a steep rise in inflows, with institutional money flowing into the asset increasingly.

BTC ETF的最新数据显示流入急剧上升，机构资金越来越多地流入资产。

This is a sign of a noticeable change in investor sentiment, from traditional equities to digital assets like Bitcoin.

这是投资者情绪的明显变化的迹象，从传统股票到像比特币这样的数字资产。

More than just a short-term hedge, Bitcoin’s positioning as “digital gold” is getting renewed validation.

比特币作为“数字黄金”的定位不仅仅是短期对冲，还在重新验证。

During times of economic crisis, investors seek refuge in securities that are scarce in supply, liquid and decentralized.

在经济危机时期，投资者寻求避难所供应，液体和分散的证券。

BTC fits here and has increasingly found use as a vehicle for diversification during times of macroeconomic stress.

BTC适合这里，并在宏观经济压力时期越来越发现用作多样化的载体。

Source: BitBO

来源：Bitbo

Recession narrative fuels Bitcoin’s demand story

经济衰退叙事燃料比特币的需求故事

Of course, if labor metrics continue to slump and macro risk grows, investor appetite for Bitcoin could accelerate.

当然，如果劳动力指标继续下降，宏观风险会增加，那么对比特币的投资者可能会加速。

We’ve seen this playbook before—shrinking job markets often lead to speculation about Fed rate cuts.

我们之前曾看过这本剧本 - 换档就业市场通常会导致人们对美联储削减税率的猜测。

If that chatter grows louder, risk assets like BTC may catch a fresh bid, especially as capital rotates out of equities and into non-correlated digital assets.

如果这种聊天率越来越大，那么BTC等风险资产可能会引起新的投标，尤其是当资本从股票中旋转并进入无关的数字资产时。

With inflows into BTC ETFs picking up speed, the market may be witnessing the initial stages of a more global risk rebalancing.

随着流入BTC ETF的速度，市场可能正在见证更全球风险重新平衡的初始阶段。