Odaily星球日报讯 The Block 特别项目总监 Frank Chaparro 发表市场观点指出，随着现货比特币 ETF 推出，传统市场力量正主导加密货币价格走势。1 月 12 日美国就业数据公布后，加密市场与纳斯达克指数呈现高度联动，凸显宏观经济对市场的深远影响。 Flowdesk 分析师 Greg Guttas 指出，ETF 交易时间限制（每日 6.5 小时）与加密货币 24/7 交易属性的错配，可能加剧开盘时段的波动性。尽管加密行业面临有利因素，如监管环境改善、银行业参与度提升等，但当前市场情绪表明，这些利好可能难以抵消宏观经济逆风带来的压力。

观点：传统市场正主导加密货币价格走势，ETF交易时间限制或加剧开盘时段波动性

Odaily Odaily News: Frank Chaparro, Director of Special Projects at The Block, expressed his market views, pointing out that with the launch of spot Bitcoin ETFs, traditional market forces are dominating the price trend of cryptocurrencies. After the release of US employment data on January 12, the crypto market and the Nasdaq index showed a high degree of linkage, highlighting the profound impact of the macro economy on the market. Flowdesk analyst Greg Guttas pointed out that the mismatch between the ETF trading time limit (6.5 hours per day) and the 24/7 trading attributes of cryptocurrencies may increase volatility during the opening hours. Although the crypto industry faces favorable factors, such as an improved regulatory environment and increased participation in the banking industry, current market sentiment suggests that these benefits may be difficult to offset the pressure brought by macroeconomic headwinds.

Opinion: Traditional markets are dominating cryptocurrency price movements, and ETF trading time restrictions may increase volatility during the opening hours

Odaily reported that Bitfinex released a report analyzing that last week, <Bit> fell to a low of $91,430, continuing the correction trend after reaching a historical high of $108,100 on December 17, 2024. On Monday, <Bit> continued to decline, currently down more than 15%, driven by rising market caution, US Treasury yields, and persistent outflows from spot <Bit> ETFs. It is worth noting that ETFs have seen 7 days of outflows in the past 12 trading days, with $718 million flowing out in just two days, in stark contrast to the nearly $2 billion inflows in early January. Despite macroeconomic pressures, <Bit> remains resilient, having risen 42% since the US election, outperforming stocks, which have erased their post-election gains. However, with the Federal Reserve signaling fewer rate cuts and tightening financial conditions, <Bit> may face greater volatility in the short term. Nevertheless, under the leadership of the newly elected US President Donald Trump, the optimistic sentiment towards cryptocurrency regulation may limit further declines in <Bit> and help it maintain a strong position in the long run.

Bitfinex report: Market optimism about cryptocurrency regulation could limit further declines in Bitcoin

Odaily reports that Bitcoin's dominance, which measures the share of the digital asset in the overall cryptocurrency market capitalization, has been on an upward trend, rising to 54.8%, while Ethereum's dominance has declined to 11.3%, indicating that Bitcoin has remained relatively strong in the current market turbulence. BRN analyst Valentin Fournier expects that the outflow of Bitcoin ETF funds will reverse, corporate purchases will continue, and unemployment will decline, and therefore we expect a positive outlook for digital assets in the coming days. (TheBlock)

BRN analyst: Bitcoin ETF outflows are expected to reverse, optimistic about the market outlook in the next few days

Odaily Report: Nate Geraci, President of The ETF Store, recently released 10 predictions for cryptocurrency-related ETFs by 2025:

1. The asset size of the spot Bitcoin ETF will exceed that of the physical gold ETF (I believe this is obvious, unless the price of Bitcoin plummets).

2. Spot Ethereum ETF options trading will be approved.

3. Spot Bitcoin and Ethereum ETFs will allow physical creation/redemption.

4. Spot Ethereum ETF staking will be approved.

5. The Bitwise Bitcoin Standard Company ETF will be launched and its assets under management will exceed $1 billion.

6. At least 50 other cryptocurrency-related ETFs will be launched, including options-based products (covered call ETFs, defined outcome ETFs, etc.), stock ETFs priced in Bitcoin, and "Bitcoin bond" ETFs.

7. Spot Solana ETF will be approved.

8. Spot XRP ETF will be approved.

9. Bitwise and Grayscale crypto index ETFs will be approved.

10. Vanguard will allow client brokers to gain exposure to spot Bitcoin and Ethereum ETFs.

Opinion: Traditional markets are dominating cryptocurrency price movements, and ETF trading time restrictions may increase volatility during the opening hours

Download app to participate in rewarding events