Bitcoin Drops 4%, Loses $60,000 Support As ETFs See $127M Outflow
Bitcoin Drops 4%, Loses $60,000 Support As ETFs See $127M Outflow
The total value traded for these ETFs reached $1.20 billion on Aug. 27, with net assets totaling $57.08 billion—representing 4.67% of Bitcoin's market capitalization.Bitcoin (CRYPTO: BTC) spot ETFs experienced a significant daily outflow of $127.05 million on Aug. 27 while Ethereum spot ETFs saw a more modest outflow of $3.4452 million, continuing a nine-day streak of withdrawals.
比特币（CRYPTO: BTC）现货etf在8月27日经历了127.05百万元的显著日流出，而以太坊现货etf则看到了更为适度的344.52百万元流出，延续了九天的资金撤离。
What Happened: This activity occurred against a backdrop of market anticipation for potential Federal Reserve rate cuts.
事件详情：这一活动发生在市场预期美联储可能会进行利率削减的背景下。
Data from SosoValue revealed that despite the daily outflow, Bitcoin spot ETFs maintain a strong cumulative net inflow of $17.95 billion.
SosoValue的数据显示，尽管有每日流出，比特币现货etf仍保持着强劲的累计净流入金额为179.5亿美元。
The total value traded for these ETFs reached $1.20 billion on Aug. 27, with net assets totaling $57.08 billion—representing 4.67% of Bitcoin's market capitalization.
在8月27日，这些etf的交易总值达到了120亿美元，净资产总额达到了570.8亿美元，相当于比特币市值的4.67%。
Notably, Grayscale's (OTC:GBTC) witnessed outflows of $18.2 million, while Ark & 21Shares's (CBOE: ARKB) saw outflows worth a staggering $101.9 million.
值得注意的是，灰度概念（场外交易:GBTC）资金流出达到了182百万元，而Ark & 21Shares（CBOE: ARKB）的etf则经历了惊人的1019百万元的资金流出。
Ethereum (CRYPTO: ETH) ETFs displayed varied performance.
以太坊（CRYPTO: ETH）etf表现各异。
Grayscale's (NYSE:ETHE) ETF led the outflows with $9.1798 million withdrawn. However, Fidelity's (CBOE: FETH) and Bitwise's (NYSE:ETHW) ETFs countered the trend, attracting inflows of $3.8792 million and $1.8554 million respectively, data shows.
灰度概念（纽交所:ETHE）的etf引领流出带走了917.98百万元，然而，富达（CBOE: FETH）和比特威斯（纽交所:ETHW）的etf却与这一趋势背道而驰，分别吸引了387.92百万元和185.54百万元的资金流入。
Also Read: Gary Gensler-Led SEC Charges Brothers With $60M Crypto-Related Ponzi Scheme
据美国证券交易委员会（SEC）主席加里·根斯勒领导的SEC指控，两兄弟涉嫌6000万美元的加密货币庞氏骗局。
Why It Matters: Bitcoin dropped below $60,000 in Wednesday morning trading, down 4% over the past 24 hours. Ethereum is down 3.5% to trade at $2,520.
为什么重要：比特币在周三上午交易中跌破60000美元，过去24小时下跌4%。以太坊下跌3.5%，交易价格为2520美元。
Speaking with Benzinga, Katie Stockton of Fairlead Strategies noted Bitcoin's technical weakness, stating, "Bitcoin is seeing significant downside follow-through after falling back below its 50-day moving average yesterday. Support on the chart is initially near $56,000."
费尔雷德策略的Katie Stockton在接受财经新闻网（Benzinga）采访时指出比特币的技术性弱点，并表示：“昨天在跌破其50日移动平均线之后，比特币正在经历重大下跌的后续。图表上的支撑位初步位于56000美元附近。”
Despite short-term volatility, QCP Capital provided a bullish outlook: "We believe that any dip in equities (and crypto) will be short-lived. With Powell and the Fed ready to kickstart a rate-cutting cycle, increased liquidity will eventually push risk assets higher."
尽管短期波动性，QCP Capital提供了一个看涨的展望：“我们相信任何股票（和加密货币）的下跌都将是短暂的。随着鲍威尔和美联储准备启动降息周期，增加的流动性最终将推动风险资产上涨。”
The market is currently pricing in four Fed rate cuts for 2024, even though only three meetings remain. This expectation of increased liquidity is shaping investor sentiment in both traditional and crypto markets.
尽管只剩下三次会议，市场目前预计2024年会有四次美联储降息。这种对增加流动性的预期正在塑造传统和加密市场的投资者情绪。
With the landscape of digital assets continuously evolving, industry leaders and investors are looking ahead to events that could provide deeper insights into these market dynamics.
随着数字资产领域不断发展，行业领导者和投资者正在展望可能提供对这些市场动态更深入了解的事件。
The upcoming Benzinga Future of Digital Assets event on Nov. 19 is poised to address many of these pressing issues.
即将举办的财经新闻网数字资产未来活动（11月19日）将处理许多这些紧迫问题。
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Image: Shutterstock
图片：shutterstock
