关税冲击

Recently, Bitcoin has been on a continuous rise. Even though the Federal Reserve's interest rates remain unchanged as expected, this highly probable event has not led to negative news, due to two fundamental reasons.

The first reason is that the US is beginning negotiations with the mainland, which is beneficial for the economy. The second reason is that whales have been making large purchases of Bitcoin, continuing from last week to now.

This surge in Bitcoin is not driven by the market; it is primarily due to whales accumulating positions. Capital institutions holding Bitcoin do not have short-term goals, so they are not accumulating at the lowest prices. What they care about is the long-term future and whether there is a hedge against inflation.
#比特币走势分析
As Bitcoin rises to around 100,000, the third batch of short-sellers has entered to average up their positions to around 96,500, with a stop-loss at 110,000, and the profit point remains unchanged. No matter how the market changes, I do not believe Bitcoin will start the next bull market until it truly breaks through the 100,000 barrier; instead, it is the time for the 'dogecoin' operators to harvest. The first step in counterintuitive trading is to never chase after rising prices or sell on dips!

In the next couple of days, we will directly see the upcoming trend of Bitcoin, whether it continues to break through and rise or plummets, let's wait and see! $BTC $ETH $SOL

Cryptocurrency funds have experienced outflows for 2 consecutive weeks, with Bitcoin ETFs becoming the "hard-hit area" for capital flight

According to CoinShares' latest weekly report, due to the impact of global tariff disputes, cryptocurrency ETFs have faced capital outflows for the second consecutive week, with a net outflow of $795 million in the past week alone.

Among them, Bitcoin ETFs saw a weekly net outflow of $751 million, while Ethereum ETFs followed with an outflow of $37.6 million, and mainstream altcoins such as Solana, Litecoin, and Cardano also faced pressure. Although XRP managed to attract $3.5 million during this downward trend, it was not enough to change the overall decline.

The report also pointed out that the negative sentiment that began in early February has led to a cumulative outflow of $7.2 billion, almost wiping out all inflows year-to-date (YTD) so far. As of now, the total net inflow for the cryptocurrency ETF market in 2025 is only $165 million.

However, as of last weekend, with the brief rebound in Bitcoin asset prices, its price increased by 8% from the low point on April 8, helping to stabilize its assets under management (AuM) at around $130 billion. This shift occurred after President Trump recently suspended tariff impositions, which generally boosted market optimism in the latter half of last week.

It is worth noting that this capital withdrawal has shown a clear global characteristic. Last week, except for small net inflows from Australia, Brazil, and Canada, other countries and regions experienced varying degrees of outflows. This data indicates that the current market's capital flow is not only large in scale but also widespread in reach.

However, Bitcoin has risen about 12% in the past week, currently maintaining a price above $85,500. Nevertheless, to reverse the overall downward trend, Bitcoin still needs to break through and stay above the 200-day exponential moving average (EMA) and simple moving average (SMA), with this resistance range approximately between $87,000 and $88,000.

In summary, the peak of capital outflow from cryptocurrency funds coincides with the turbulent period of U.S. tariff policies, and Trump's decision to suspend taxation last week is seen as a key driver of the rebound in the spot market over the weekend. Analysts pointed out that this divergence of "capital withdrawal but rising coin prices" also reflects the differentiation in strategies between spot market investors and institutional products.

#加密基金 #资金外流 #比特币 #关税冲击 #CoinShares