比特币[BTC]现场ETF看到了稳定的投资流

从4月中旬开始，比特币[BTC]现场ETF看到了稳定的投资，吸引了大部分加密流入。

From mid-April, Bitcoin [BTC] Spot ETFs have seen a steady stream of investments, taking up much of crypto inflows. Renewed interest from institutions made the inflow amount much higher than the outflow amount.

从4月中旬开始，比特币[BTC]现场ETF看到了稳定的投资，吸引了大部分加密流入。机构的更新利息使流入量高于流出量。

At the same time, the price of the king coin went up steadily, suggesting demand from ETFs helped support the price. This pattern showed that BTC exposure saw net inflows of almost $1 billion.

同时，国王硬币的价格稳步上涨，这表明ETF的需求有助于支持价格。这种模式表明，BTC的净流入近10亿美元。

At the same time, the price of the king coin went up steadily, suggesting demand from ETFs helped support the price. This pattern showed that BTC exposure saw net inflows of almost $1 billion.

同时，国王硬币的价格稳步上涨，这表明ETF的需求有助于支持价格。这种模式表明，BTC的净流入近10亿美元。

Key levels and price analysis

关键水平和价格分析

Bitcoin’s charts showed strong gains followed by tightly compressed trading. Initially, price consolidated between $83K and $86K. When the price broke out of the range, consolidation occurred between $93K and $96K.

比特币的图表显示出强大的收益，然后是紧缩的交易。最初，价格合并在$ 83K至8.6万美元之间。当价格从该产品范围内推出时，合并发生在$ 93K到$ 96K之间。

As a result of the pattern mentioned, the next upward move caused the price to consolidate between $101K and $105K.

由于提到的模式，下一个上升的移动导致价格合并在$ 101K至105K之间。

Given these factors, it is prudent to wait for BTC to move outside the $101K and $105K range. If prices break above $105K, it might mean the market will continue to rise and could reach new records.

鉴于这些因素，等待BTC超出$ 101K和$ 105K的范围是谨慎的。如果价格超过$ 105K，这可能意味着市场将继续上升，并可能达到新的记录。

On the other hand, if the price goes below $101K, it could be a bearish trend that tries to reach the lower end of support.

另一方面，如果价格低于10.1万美元，那可能是一种去看趋势，试图达到支持的下端。

On this level, BTC being ranged results in the fact that things are equal, and the direction it breaks out could show the first signs of its short-term movement.

在这个级别上，BTC的范围是事实相等的事实，并且它脱离的方向可能显示出其短期运动的第一个迹象。

BTC OTC and perpetual liquidity levels

BTC OTC和永久流动性水平

On the sell side, the data showed that Bitcoin’s liquidity dropped significantly on all types of platforms since achieving its maximum.

在卖方面，数据表明，自达到最大值以来，比特币的流动性在所有类型的平台上都大大降低。

With the number of announced sales decreasing fast, it seemed that liquid supply of Bitcoin was reducing quickly.

随着宣布销售量的数量迅速减少，比特币的流动供应迅速减少。

A lack of Bitcoins on the market could, in fact, lead to a surge in pricing, and this could happen in 2025 as long as demand does not fall.

实际上，市场上缺乏比特币可能会导致价格激增，只要需求不下降，这可能会在2025年发生。

Meanwhile, the amount of fresh liquidation across BTC perpetual contracts pointed out several liquidation points for positions with less leverage, up to the $101,000 level.

同时，跨BTC永久合同的新鲜清算量指出了杠杆率较小的位置的几个清算点，高达101,000美元。

There were some high leverage longs at $99,459, $98,669, medium leverage longs at $100,522, and $100,033.

有一些高杠杆寿命为$ 99,459，$ 98,669，中型杠杆寿命为$ 100,522和100,033美元。

When it comes to short positions, low leverage liquidations were evident at and above the current price, for instance at $105,764 but also at $105,498.

在短职位上，低杠杆清算在当前价格和高于当前价格的上涨，例如105,764美元，但价格为105,498美元。

It pointed out that there were “more high leveraged liquidity levels found below $101K.” All in all, this pointed to the supply of BTC being squeezed, which could cause an increase in prices.

它指出，“发现低于$ 101K的高杠杆流动性水平更高”。总而言之，这表明BTC的供应被挤压，这可能会导致价格上涨。

Even so, if Bitcoin prices fall toward the major liquidation levels below $101,000, much selling may result, causing the price to fall even more before any rise due to a supply shock can happen.

即便如此，如果比特币价格降至低于101,000美元以下的主要清算水平，则可能导致很多销售，从而导致价格在由于供应冲击引起的任何上涨之前就会降低。