比特币（BTC）现场ETFS本周记录了9600万美元的净外流，标志着明显的逆转

美国现货比特币交易所贸易资金（ETF）本周的净外流为9600万美元，标志着以创纪录的累积流入达到高峰后的急剧逆转。

The U.S. spot Bitcoin exchange-traded funds (ETFs) saw a significant setback this week as they recorded net outflows of $96 million.

美国现货比特币交易所贸易资金（ETF）本周遭受了重大挫折，因为他们记录了9600万美元的净流出。

This marks a sharp reversal from the record-breaking cumulative inflows that peaked recently.

这标志着最近达到峰值的创纪录的累积流入的急剧逆转。

Leading funds, including BlackRock’s iShares Bitcoin Trust (BITO) and Fidelity’s Wise Origin Bitcoin Fund, witnessed reduced inflows, while Grayscale’s GBTC continues to shed assets.

领先的资金，包括贝莱德的iShares比特币信托基金（Bito）和富达的明智的比特币基金，见证了流入的减少，而Grayscale的GBTC则继续提供资产。

This shift in institutional activity comes amid broader market uncertainty. As investors reassess their risk exposure across both traditional equities and digital assets, they are making adjustments to their investment strategies.

机构活动的这种转变是由于更广泛的市场不确定性而来。随着投资者在传统股票和数字资产中重新评估其风险敞口，他们正在调整其投资策略。

Despite the outflows, analysts remain optimistic about Bitcoin’s role in diversified portfolios, especially in the face of macroeconomic challenges.

尽管流出了，但分析师仍然对比特币在多元化投资组合中的作用保持乐观，尤其是面对宏观经济挑战。

They highlight that Bitcoin’s fundamentals, such as its limited supply and decentralized nature, make it an interesting asset class for investors seeking to hedge against monetary debasement, inflation, and financial system stress.

他们强调说，比特币的基本面，例如其供应有限和分散的性质，使其成为寻求对冲货币贬低，通货膨胀和金融体系压力的投资者的有趣资产类别。

Bitcoin’s Correlation with Stocks: High in Short-Term, Lower in Crisis

比特币与股票的相关性：短期高，危机较低

Recent data from CC0 shows that Bitcoin’s correlation with U.S. equities has remained fluid throughout 2024.

CC0的最新数据表明，在2024年，比特币与美国股票的相关性一直保持流畅。

Over short-term trading periods, Bitcoin often mirrors the trends in the stock market, especially during liquidity-driven selloffs. For instance, from March to May, both asset classes experienced significant declines.

在短期交易期内，比特币经常反映股票市场的趋势，尤其是在流动性驱动抛售期间。例如，从3月到五月，两个资产类别都有很大的下降。

However, during periods of macroeconomic stress or inflationary concerns, Bitcoin’s correlation with the stock market tends to weaken.

但是，在宏观经济压力或通货膨胀问题的时期，比特币与股票市场的相关性往往会削弱。

For example, during the turbulent days of March 2024, when the market was battered by banking turmoil and broader economic anxieties, Bitcoin displayed resilience to sell-offs.

例如，在2024年3月动荡的日子里，当市场被银行动荡和更广泛的经济焦虑袭击时，比特币表现出对抛售的韧性。

This decoupling from equities showcases Bitcoin’s appeal as a “safe haven” asset, similar to gold, albeit with a higher tolerance for volatility.

与股票的分离表明了比特币作为“避风港”资产的吸引力，类似于黄金，尽管对波动性的容忍度更高。

Financial strategists suggest that while Bitcoin is not immune to market downturns, its unique risk profile can be beneficial for enhancing portfolio diversification, especially in times of market distress.

财务战略家认为，尽管比特币不能免疫市场的低迷，但其独特的风险概况可能有益于增强投资组合多元化，尤其是在市场困扰时期。

Benefits of Bitcoin as a Portfolio Diversifier:

比特币作为投资组合多样性的好处：

Bitcoin Price Momentum Strong, But Short-Term Signals Flash Caution

比特币价格势头强劲，但短期信号闪烁谨慎

On the technical front, Bitcoin maintains bullish daily momentum as it trades at a key resistance level.

在技​​术方面，比特币在关键阻力水平上保持看涨的日常动力。

However, analysis of shorter-term charts suggests that some caution is warranted.

但是，对短期图表的分析表明，有必要谨慎。

Bitcoin price action on shorter-term charts suggests a consolidation phase or a minor pullback could be unfolding.

比特币价格在较短的时间表上的价格行动表明，合并阶段或较小的回调可能正在展开。

Support levels are now being closely monitored, particularly in the $95,000 zone, which traders will be attentive to on the lower side.

现在正在密切监视支持水平，尤其是在$ 95,000的区域中，交易员将在下边关注。

On the upper side, resistance is anticipated at the $100,000 mark, a psychological and technical barrier that traders will be watching.

在上侧，预计抵抗力将达到100,000美元，这是交易者正在关注的心理和技术障碍。

Traders are advised to keep an eye on macroeconomic events, such as upcoming Federal Reserve policy updates and U.S. inflation data, which could have a bearing on Bitcoin’s near-term price trajectory.

建议交易者密切关注宏观经济事件，例如即将到来的美联储政策更新和美国通货膨胀数据，这可能与比特币的近期价格轨迹有关。

Conclusion: Bitcoin’s Role as a Strategic Asset Remains Intact

结论：比特币作为战略资产的作用仍然完好无损

While the recent ETF outflows and short-term technical signals suggest some caution, Bitcoin’s long-term investment thesis remains fundamentally sound.

尽管最近的ETF流出和短期技术信号表明了一些谨慎，但比特币的长期投资论文在根本上仍然是合理的。

As traditional markets navigate persistent volatility and systemic risks, Bitcoin’s unique attributes and performance in challenging times continue to position it as a valuable diversifier for investors seeking exposure beyond conventional assets.

随着传统市场导航持续的波动性和系统性风险，比特币在挑战时期的独特属性和绩效继续将其定位为对寻求传统资产以外敞口的投资者的宝贵多元化者。