比特币 ETF 需求回报周一流入 1.05 亿美元

比特币ETF市场反弹继续加强，报告显示6月3日资金流入1.05亿美元。链上数据平台SpotOnChain显示，这标志着连续15个交易日（三周）出现正向资金流入，累计资金流入达到24亿美元。

Bitcoin ETFs saw a surge in demand on Monday, with data from on-chain platform SpotOnChain revealing inflows of $105 million. This marks 15 consecutive trading days (three weeks) of positive flows, bringing the total cumulative inflows to $2.40 billion.

周一，比特币 ETF 的需求激增，链上平台 SpotOnChain 的数据显示，资金流入达 1.05 亿美元。这标志着连续15个交易日（三周）正向资金流入，累计流入总额达到24亿美元。

The inflows varied across different ETFs. Fidelity's Bitcoin ETF (FBTC) led the day with inflows of up to $77 million (over 1,110 BTC), while Grayscale's GBTC and BlackRock's IBIT recorded zero net flows. Bitwise ETF (BITB) saw inflows of $14 million, and Ark21Shares' ARKB ETF had up to $10 million in positive flows.

不同 ETF 的资金流入情况各不相同。富达 (Fidelity) 的比特币 ETF (FBTC) 领涨，流入金额高达 7700 万美元（超过 1,110 BTC），而 Grayscale 的 GBTC 和贝莱德 (BlackRock) 的 IBIT 净流量为零。 Bitwise ETF (BITB) 的流入量为 1,400 万美元，Ark21Shares 的 ARKB ETF 的正流入量高达 1,000 万美元。

This surge in ETF demand coincides with an increase in global liquidity. As Bitcoin analyst Willy Woo points out, the correlation between BTC price and M2 expansion reflects broader market sentiment and economic conditions.

ETF 需求激增与全球流动性增加同时发生。正如比特币分析师 Willy Woo 指出的那样，BTC 价格与 M2 扩张之间的相关性反映了更广泛的市场情绪和经济状况。

A high M2 expansion indicates a loose monetary policy and increased money supply. In response, Bitcoin's price tends to rise as investors seek alternative assets for potential returns.

M2扩张较高，表明货币政策宽松，货币供应量增加。作为回应，随着投资者寻求替代资产以获得潜在回报，比特币的价格往往会上涨。

Notably, Bitcoin's price usually reacts positively to rising money supply and inflation concerns. This is because investors view BTC as a hedge against traditional fiat currencies like the US dollar, which could depreciate due to inflation.

值得注意的是，比特币的价格通常会对货币供应量增加和通胀担忧做出积极反应。这是因为投资者将比特币视为对冲美元等传统法定货币的对冲工具，而美元可能会因通货膨胀而贬值。

Bitfinex analysts highlighted in their Monday market update that Bitcoin ETF inflows have averaged $136 million per day over the last two weeks. "This is 4x the $32M daily sell pressure from miners." They noted, adding that this period marks a "Bitcoin accumulation phase."

Bitfinex 分析师在周一的市场更新中强调，过去两周比特币 ETF 流入量平均每天为 1.36 亿美元。 “这是矿工每日 3200 万美元抛售压力的 4 倍。”他们指出，并补充说这一时期标志着“比特币积累阶段”。

The analysts also noted that the correction phase may be coming to an end. They attributed the recent drop from highs of $73,777 to selling activity among long-term holders. The report suggests that long-term holders have begun to re-accumulate BTC for the first time since December 2023.

分析师还指出，调整阶段可能即将结束。他们将最近从 73,777 美元的高点下跌归因于长期持有者的抛售活动。该报告表明，长期持有者自 2023 年 12 月以来首次开始重新积累 BTC。

After the April 20 Bitcoin halving, investor confidence has surged, bolstering the bullish narrative. This is evident in the rising Bitcoin realized capitalization, which approaches $600 billion.

4 月 20 日比特币减半后，投资者信心飙升，支撑了看涨的说法。这一点从比特币实现的资本总额不断上升（接近 6000 亿美元）中可见一斑。

The BTC Realized Cap metric showcases Bitcoin's true value based on the price at which coins last moved. It provides a unique perspective on market dynamics, investor behavior, and historical trends within the Bitcoin ecosystem.

BTC 已实现上限指标根据代币上次变动的价格展示了比特币的真实价值。它提供了关于比特币生态系统内的市场动态、投资者行为和历史趋势的独特视角。

The Bitcoin price continues to consolidate along an ascending trend line since May 1, forming a series of higher lows. Trading 22% above the range low of $56,552, BTC seems poised for further gains as it attempts to break out of consolidation.

自5月1日以来，比特币价格继续沿着上升趋势线盘整，形成一系列更高的低点。 BTC 的交易价格较区间低点 56,552 美元高出 22%，在试图突破盘整格局时似乎有望进一步上涨。

Tailwinds for bullish price action emerge with a buy signal triggered when the Relative Strength Index (RSI) crosses above the signal line (yellow band). If traders follow this call, Bitcoin's price could head north. The Awesome Oscillator's position in positive territory indicates bullish sentiment, supporting the bullish thesis.

当相对强度指数 (RSI) 穿越信号线（黄色带）上方时，会触发买入信号，从而出现看涨价格走势的顺风。如果交易者遵循这一观点，比特币的价格可能会上涨。动量震荡指标处于正值区域表明看涨情绪，支持看涨论点。

On the other hand, the volume profile shows that while there is a lot of bullish activity (orange nodes) waiting to interact with Bitcoin price at current levels, there is even more bearish activity (grey nodes). Hence, the bulls must propel BTC above the $72,149 resistance for Bitcoin price to clear the forest.

另一方面，成交量概况显示，虽然有大量看涨活动（橙色节点）等待与当前水平的比特币价格互动，但还有更多看跌活动（灰色节点）。因此，多头必须推动 BTC 突破 72,149 美元阻力位，比特币价格才能清理森林。

A drop below $67,594 could spark panic selling, potentially driving the price down to $65,000. If that level doesn't hold, Bitcoin could re-test the $61,169 support, presenting a potential buying opportunity for investors.

跌破 67,594 美元可能会引发恐慌性抛售，可能导致价格跌至 65,000 美元。如果该水平无法保持，比特币可能会重新测试 61,169 美元的支撑位，为投资者提供潜在的买入机会。

In a worst-case scenario with strong bearish momentum, a candlestick close below $56,000 would invalidate the bullish outlook. At the time of writing, the Bitcoin price is trading at $69,429.

在最坏的情况下，如果看跌势头强劲，烛台收盘价低于 56,000 美元将使看涨前景失效。截至撰写本文时，比特币价格为 69,429 美元。