比特币、以太坊和 ETF 流入：鲸鱼仍在玩游戏

尽管市场下跌，比特币和以太坊 ETF 仍出现强劲资金流入，表明机构兴趣和鲸鱼活动持续存在。是什么推动了这一趋势？

The crypto market's been a rollercoaster, but here's the bottom line: despite some dips, Bitcoin and Ethereum ETFs are still raking in cash. Big players, or 'whales' as we like to call them, are making moves, and institutions are increasingly warming up to crypto. Let's dive into what's happening.

加密货币市场就像过山车一样，但底线是：尽管出现了一些下跌，比特币和以太坊 ETF 仍然在赚取现金。大玩家，或者我们称之为“鲸鱼”，正在采取行动，机构也越来越热衷于加密货币。让我们深入了解正在发生的事情。

ETF Inflows Remain Strong

ETF 资金流入依然强劲

Even with the broader market taking a breather, crypto ETFs are seeing serious inflows. On October 7th, US-traded spot crypto ETFs pulled in over $1.3 billion net. Bitcoin ETFs snagged a cool $875.6 million, while Ethereum ETFs saw $420.9 million flow in. Solana's in on the action too, with its SSK ETF adding $14.6 million.

即使大盘稍事休息，加密货币 ETF 仍出现大量资金流入。 10 月 7 日，美国交易的现货加密 ETF 净值超过 13 亿美元。比特币 ETF 流入了 8.756 亿美元，而以太坊 ETF 流入了 4.209 亿美元。Solana 也参与其中，其 SSK ETF 流入了 1460 万美元。

Ethereum ETFs have officially crossed the $15 billion mark in cumulative inflows, a first. Bitcoin ETFs aren't slacking either, smashing records by surpassing $62 billion in total inflows.

以太坊 ETF 的累计流入量首次正式突破 150 亿美元大关。比特币 ETF 也没有松懈，总流入量超过 620 亿美元，打破了记录。

Institutional Interest is Heating Up

机构兴趣正在升温

What's fueling this? According to Bitwise CIO Matthew Hougan, we're looking at record flows into Bitcoin ETFs during the fourth quarter. Morgan Stanley and Wells Fargo are now allowing advisors to allocate a portion of client portfolios to crypto, a major shift. This opens the door for a wave of pent-up demand from advisors who've been waiting for the green light.

是什么推动了这一切？ Bitwise 首席信息官 Matthew Hougan 表示，我们预计第四季度比特币 ETF 的流入量将创历史新高。摩根士丹利和富国银行现在允许顾问将部分客户投资组合分配给加密货币，这是一个重大转变。这为一直在等待绿灯的顾问们带来一波被压抑的需求打开了大门。

The "debasement trade," the idea of investing in scarce assets amid currency concerns, is also a driving force. Gold and Bitcoin are leading the pack in returns, and with governments printing money like it's going out of style, investors are looking for safe havens.

“贬值交易”，即在货币担忧的情况下投资稀缺资产的想法，也是一个推动力。黄金和比特币的回报率处于领先地位，随着政府印钞的方式似乎已经过时，投资者正在寻找避风港。

Whale Watching: Big Moves Underway

观鲸：重大举措正在进行中

While the market saw some corrections, whales were busy scooping up Bitcoin. Lookonchain reported significant whale activity, with one whale withdrawing 650 BTC ($80 million) from Binance. Fresh wallets also received substantial amounts of BTC from Galaxy Digital and BitGo. This coordinated buying spree suggests big players see the dips as buying opportunities.

尽管市场出现一些调整，但鲸鱼却忙着买入比特币。 Lookonchain 报告了大量鲸鱼活动，其中一只鲸鱼从币安提取了 650 BTC（8000 万美元）。新钱包还从 Galaxy Digital 和 BitGo 收到了大量比特币。这种协调一致的购买狂潮表明，大型企业将下跌视为买入机会。

Bitcoin's Bouncing Back

比特币的反弹

As of October 9th, Bitcoin is trading around $121,957, after experiencing some volatility. Sustained ETF inflows, gold's impressive run, and hints of softer Federal Reserve rate policies are all contributing to Bitcoin's recovery. The demand from ETFs is providing a solid foundation for the price, proving that institutions are hungry for exposure.

截至 10 月 9 日，比特币在经历了一些波动后，交易价格约为 121,957 美元。持续的 ETF 流入、黄金的强劲上涨以及美联储利率政策放缓的迹象都有助于比特币的复苏。 ETF 的需求为价格奠定了坚实的基础，证明机构渴望敞口。

Ethereum's Whale of a Time

以太坊时代的鲸鱼

Speaking of whales, a major Bitcoin whale, holding over $10 billion in BTC, moved a whopping $363.9 million to Hyperunit, a trading platform known for large asset exchanges. This sparked rumors that the whale might be gearing up to buy more Ethereum, a move they've made before. On-chain data shows that whale wallets have been gradually increasing their ETH holdings, suggesting a broader trend of diversification.

说到鲸鱼，一只持有超过 100 亿美元比特币的大型比特币鲸鱼，向以大型资产交易所而闻名的交易平台 Hyperunit 转移了高达 3.639 亿美元的资金。这引发了谣言，称鲸鱼可能正准备购买更多以太坊，这是他们之前采取的举措。链上数据显示，鲸鱼钱包一直在逐渐增加其 ETH 持有量，这表明更广泛的多元化趋势。

The Outlook: Bullish on Crypto

展望：看好加密货币

With institutional interest growing, whales making strategic moves, and ETF inflows remaining strong, the future looks bright for Bitcoin and Ethereum. Bitwise is even projecting that 2025 inflows will surpass the $36 billion record set in 2024. So, buckle up, folks. It's going to be an interesting ride.

随着机构兴趣的增长、鲸鱼采取战略举措以及 ETF 资金流入保持强劲，比特币和以太坊的未来看起来一片光明。 Bitwise 甚至预测 2025 年的资金流入将超过 2024 年创下的 360 亿美元纪录。所以，各位，请系好安全带。这将是一次有趣的旅程。

Disclaimer: This ain't investment advice. Do your own research before diving into the crypto pool.

免责声明：这不是投资建议。在进入加密货币池之前，请先进行自己的研究。