<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/ChatGPT-Image-May-18-2026-11_07_05-AM.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/ChatGPT-Image-May-18-2026-11_07_05-AM.png"/></p>
<p>比特币从上周的高点 $81,700 下跌超过 6%，因为新的宏观担忧成为焦点。</p>
<p>截至最后检查，比特币已失去 $78,000 的关键支撑位，并随着市场整体清算加速而进一步下跌。</p>
<p>与此同时，通过加密恐惧与贪婪指数跟踪的加密市场情绪从上周的 28 降至，再次进入 ‘恐惧’ 区域，此前一周曾短暂回归中性水平。</p>
<h2>为什么比特币价格下跌？</h2>
<p>由于多种原因，比特币再次面临压力，这让交易者感到紧张。</p>
<p>在周末，卖盘加速，因为多头未能守住 $80,000 的心理支撑位。</p>
<p>现在，过度杠杆的多头交易者的强制卖出正在触发交易所的自动卖单，使比特币在买方流动性减弱的情况下暴露于风险之中。</p>
<p>根据 CoinGlass 数据，过去 24 小时内，加密清算总额攀升 42%，接近 $6.61 亿。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/image-1779081991.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/image-1779081991.png"/></p>
<p>加密清算 24 小时。来源：Coinglass。</p>
<p>仅比特币头寸的清算就超过 $1.82 亿，其中超过 $1.6 亿与多头交易相关，这些交易在价格迅速下跌时被清算。</p>
<p>与此同时，机构资金流动也开始降温，此前在本月早些时候支持了比特币的反弹。</p>
<p>SoSoValue 汇编的数据表明，美国现货比特币 ETF 上周录得超过 $10 亿的净流出，结束了连续几周的持续流入。</p>
<p>关于 ETF 活动的报告还显示，资金在几次交易中集体抛售了近 13,000 BTC，表明机构积累的步伐放缓。</p>
<p>宏观经济发展只增加了担忧。</p>
<p>最近的美国通胀数据显示消费者通胀上升至 3.8%，而生产者价格上涨 6%，加强了市场对美联储可能会维持较高利率时间更长的预期。</p>
<p>债券市场对这些数据反应迅速。</p>
<p>美国 30 年期国债收益率攀升至 5.1%，而 10 年期和 2 年期收益率分别上升至 4.6% 和 4.1%。</p>
<p>较高的收益率历史上对比特币和其他投机资产施加压力，因为更紧的货币条件降低了投资者的风险偏好。</p>
<p>与此同时，随着中东地缘政治紧张局势加剧，油价飙升。</p>
<p>布伦特原油上涨至约 $113 每桶，而西德克萨斯中质原油交易接近 $110，此前对伊朗、以色列和美国可能的军事升级的担忧重新浮现。</p>
<p>一些市场观察人士认为，原油价格的重新上涨加剧了通胀担忧，同时将资本从比特币等高风险资产转向传统避险资产，包括黄金和短期美国国债。</p>
<p>随着美元指数回升至 101 水平，对比特币的压力也加大。较强的美元通常会收紧全球流动性条件，并倾向于对加密货币施加压力。</p>
<h2>比特币价格分析</h2>
<p>根据 4 小时 BTC/USD 价格图，比特币价格现在已跌破所有三条主要短期指数移动平均线，这表明看跌动能开始压倒本月早些时候将资产推高至 $82,000 的反弹结构。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/image-1779081885.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/image-1779081885.png"/></p>
<p>BTC/USD 4 小时价格图。来源：TradingView。</p>
<p>截至撰写时，比特币交易接近 $76,900，此前跌破了 $78,416 的 20 EMA、$79,274 的 50 EMA 和 $79,208 的 100 EMA。</p>
<p>在短时间内失去所有三个水平削弱了短期市场结构，使卖方重新掌控局面。</p>
<p>与此同时，接近 $77,833 的 200 EMA 也开始失去支撑力量，因为比特币在最近的抛售中短暂跌破了该水平。</p>
<p>交易者通常会密切关注 200 EMA，因为持续在该水平下方交易可能表明更高时间框架上的看涨动能正在减弱。</p>
<p>相对强弱指数（RSI）也持续下滑。</p>
<p>在 4 小时图上，RSI 已降至约 32，接近超卖区域，此前在比特币上涨至 $82,000 的过程中保持在超买状态。</p>
<p>RSI 水平下降与价格行动下滑通常表明买入动能疲弱。</p>
<p>与此同时，该指标尚未显示出强烈的看涨背离，表明卖方在价格进一步下跌之前仍有空间施加压力。</p>
<p>在最近的下跌过程中，成交量活动也有所增加，特别是在跌破 $78,000 附近的大红蜡烛周围。</p>
<p>在支撑位破裂期间，卖方成交量的上升通常表明恐慌性退出和强制清算，而不是有控制的获利了结。</p>
<p>从价格结构的角度来看，比特币现在面临重新回到 $76,000 区域的风险，该区域在最近的清算潮中曾作为临时日内支撑。</p>
<p>如果未能守住，交易者可能会开始关注 $74,000 至 $75,000 区域，这是比特币在 4 月底整合期间曾找到支撑的区域。</p>
<p>在上涨方面，比特币首先需要重新夺回 $78,000 水平，然后多头才能尝试再次向 $79,200 至 $79,300 附近的 100 EMA 和 50 EMA 集群发起冲击。</p>
<p>更强的反弹可能需要比特币重新回到 $80,000 的心理水平，在该水平上最近出现了强烈的卖压。</p>
<p>比特币下跌，ETF 流出激增：多头现在能否拯救 $74K？此文首发于 Invezz。</p>

COIN

GBTC

RIOT

<p>比特币从上周的高点 $81,700 下跌超过 6%，因液化交易增加和 ETF 需求疲软，跌破了关键支撑位。机构资金流出超过 10 亿美元，宏观经济担忧，包括通货膨胀上升和地缘政治紧张局势，给加密货币施加了压力。目前比特币交易价格接近 $76,900，如果无法维持，可能会重新测试 $76,000 区域，潜在支撑位在 $74,000 到 $75,000 之间。要实现反弹，需要重新夺回 $78,000 的水平</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/ChatGPT-Image-May-18-2026-11_07_05-AM.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/ChatGPT-Image-May-18-2026-11_07_05-AM.png"/></p>
<p>Bitcoin has fallen over 6% from last week’s high of $81,700 as fresh macro concerns have taken center stage.</p>
<div class="lb-trans"><p>比特币从上周的高点 $81,700 下跌超过 6%，因为新的宏观担忧成为焦点。</p>
</div><p>As of last check, Bitcoin has lost a key support level at $78,000 and has pushed lower in tandem with accelerating market-wide liquidations.</p>
<div class="lb-trans"><p>截至最后检查，比特币已失去 $78,000 的关键支撑位，并随着市场整体清算加速而进一步下跌。</p>
</div><p>At the same time, the crypto market sentiment tracked via the Crypto Fear and Greed Index has dropped to 28 from last week, once again entering ‘Fear’ territory after a brief return to neutral levels the previous week.</p>
<div class="lb-trans"><p>与此同时，通过加密恐惧与贪婪指数跟踪的加密市场情绪从上周的 28 降至，再次进入 ‘恐惧’ 区域，此前一周曾短暂回归中性水平。</p>
</div><h2>Why is Bitcoin price going down?</h2>
<div class="lb-trans"><h2>为什么比特币价格下跌？</h2>
</div><p>Bitcoin has come under renewed pressure due to a number of reasons that are keeping traders on edge.</p>
<div class="lb-trans"><p>由于多种原因，比特币再次面临压力，这让交易者感到紧张。</p>
</div><p>The sell-off accelerated over the weekend after bulls failed to defend the $80,000 psychological support level.</p>
<div class="lb-trans"><p>在周末，卖盘加速，因为多头未能守住 $80,000 的心理支撑位。</p>
</div><p>Now, forced selling from overleveraged bullish traders is triggering automated sell orders across exchanges, leaving Bitcoin exposed as liquidity on the buy side weakened.</p>
<div class="lb-trans"><p>现在，过度杠杆的多头交易者的强制卖出正在触发交易所的自动卖单，使比特币在买方流动性减弱的情况下暴露于风险之中。</p>
</div><p>According to CoinGlass data, total crypto liquidations climbed 42% over the last 24 hours to nearly $661 million.</p>
<div class="lb-trans"><p>根据 CoinGlass 数据，过去 24 小时内，加密清算总额攀升 42%，接近 $6.61 亿。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/image-1779081991.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/image-1779081991.png"/></p>
<p>Crypto liquidations 24-hour. Source: Coinglass.</p>
<div class="lb-trans"><p>加密清算 24 小时。来源：Coinglass。</p>
</div><p>Bitcoin positions alone accounted for more than $182 million in liquidations, with over $160 million tied to long trades that were wiped out as prices rapidly moved lower.</p>
<div class="lb-trans"><p>仅比特币头寸的清算就超过 $1.82 亿，其中超过 $1.6 亿与多头交易相关，这些交易在价格迅速下跌时被清算。</p>
</div><p>Meanwhile, institutional flows have also started cooling after supporting Bitcoin’s recovery earlier this month.</p>
<div class="lb-trans"><p>与此同时，机构资金流动也开始降温，此前在本月早些时候支持了比特币的反弹。</p>
</div><p>Data compiled by SoSoValue showed US spot Bitcoin ETFs recorded more than $1 billion in net outflows last week, ending a multi-week stretch of consistent inflows.</p>
<div class="lb-trans"><p>SoSoValue 汇编的数据表明，美国现货比特币 ETF 上周录得超过 $10 亿的净流出，结束了连续几周的持续流入。</p>
</div><p>Reports surrounding ETF activity also indicated that funds collectively shed close to 13,000 BTC within several trading sessions, signaling a slowdown in institutional accumulation.</p>
<div class="lb-trans"><p>关于 ETF 活动的报告还显示，资金在几次交易中集体抛售了近 13,000 BTC，表明机构积累的步伐放缓。</p>
</div><p>Macroeconomic developments have only added to the concerns.</p>
<div class="lb-trans"><p>宏观经济发展只增加了担忧。</p>
</div><p>Recent US inflation data showed consumer inflation rising to 3.8%, while producer prices climbed 6%, strengthening expectations that the Federal Reserve may keep interest rates elevated for longer than previously anticipated.</p>
<div class="lb-trans"><p>最近的美国通胀数据显示消费者通胀上升至 3.8%，而生产者价格上涨 6%，加强了市场对美联储可能会维持较高利率时间更长的预期。</p>
</div><p>Bond markets reacted quickly to the data.</p>
<div class="lb-trans"><p>债券市场对这些数据反应迅速。</p>
</div><p>US 30-year Treasury yields climbed to 5.1%, while the 10-year and 2-year yields moved to 4.6% and 4.1%, respectively.</p>
<div class="lb-trans"><p>美国 30 年期国债收益率攀升至 5.1%，而 10 年期和 2 年期收益率分别上升至 4.6% 和 4.1%。</p>
</div><p>Higher yields have historically weighed on Bitcoin and other speculative assets because tighter monetary conditions reduce investor appetite for risk.</p>
<div class="lb-trans"><p>较高的收益率历史上对比特币和其他投机资产施加压力，因为更紧的货币条件降低了投资者的风险偏好。</p>
</div><p>At the same time, oil prices surged as geopolitical tensions in the Middle East intensified.</p>
<div class="lb-trans"><p>与此同时，随着中东地缘政治紧张局势加剧，油价飙升。</p>
</div><p>Brent crude climbed to around $113 per barrel, while West Texas Intermediate traded near $110 after renewed concerns surrounding possible military escalation involving Iran, Israel, and the United States.</p>
<div class="lb-trans"><p>布伦特原油上涨至约 $113 每桶，而西德克萨斯中质原油交易接近 $110，此前对伊朗、以色列和美国可能的军事升级的担忧重新浮现。</p>
</div><p>Some market observers believe the renewed spike in crude prices has amplified inflation concerns while driving capital away from high-risk assets such as Bitcoin and toward traditional safe havens, including gold and short-term US Treasuries.</p>
<div class="lb-trans"><p>一些市场观察人士认为，原油价格的重新上涨加剧了通胀担忧，同时将资本从比特币等高风险资产转向传统避险资产，包括黄金和短期美国国债。</p>
</div><p>Pressure on Bitcoin also intensified as the US Dollar Index moved back toward the 101 level. A stronger dollar typically tightens global liquidity conditions and tends to weigh on cryptocurrencies.</p>
<div class="lb-trans"><p>随着美元指数回升至 101 水平，对比特币的压力也加大。较强的美元通常会收紧全球流动性条件，并倾向于对加密货币施加压力。</p>
</div><h2>Bitcoin price analysis</h2>
<div class="lb-trans"><h2>比特币价格分析</h2>
</div><p>According to the 4-hour BTC/USD price chart, Bitcoin price has now slipped below all three major short-term exponential moving averages, a sign that bearish momentum has started overpowering the recovery structure that carried the asset above $82,000 earlier this month.</p>
<div class="lb-trans"><p>根据 4 小时 BTC/USD 价格图，比特币价格现在已跌破所有三条主要短期指数移动平均线，这表明看跌动能开始压倒本月早些时候将资产推高至 $82,000 的反弹结构。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/image-1779081885.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/image-1779081885.png"/></p>
<p>BTC/USD 4-hour price chart. Source: TradingView.</p>
<div class="lb-trans"><p>BTC/USD 4 小时价格图。来源：TradingView。</p>
</div><p>At the time of writing, Bitcoin was trading near $76,900 after breaking beneath the 20 EMA at $78,416, the 50 EMA at $79,274, and the 100 EMA at $79,208.</p>
<div class="lb-trans"><p>截至撰写时，比特币交易接近 $76,900，此前跌破了 $78,416 的 20 EMA、$79,274 的 50 EMA 和 $79,208 的 100 EMA。</p>
</div><p>Losing all three levels within a short period has weakened the short-term market structure and placed sellers back in control.</p>
<div class="lb-trans"><p>在短时间内失去所有三个水平削弱了短期市场结构，使卖方重新掌控局面。</p>
</div><p>Meanwhile, the 200 EMA near $77,833 is also starting to lose strength as support after Bitcoin briefly moved below it during the latest sell-off.</p>
<div class="lb-trans"><p>与此同时，接近 $77,833 的 200 EMA 也开始失去支撑力量，因为比特币在最近的抛售中短暂跌破了该水平。</p>
</div><p>Traders often watch the 200 EMA closely because sustained trading below that level can indicate that bullish momentum is fading on higher timeframes.</p>
<div class="lb-trans"><p>交易者通常会密切关注 200 EMA，因为持续在该水平下方交易可能表明更高时间框架上的看涨动能正在减弱。</p>
</div><p>The Relative Strength Index, or RSI, has also continued sliding lower.</p>
<div class="lb-trans"><p>相对强弱指数（RSI）也持续下滑。</p>
</div><p>On the 4-hour chart, RSI has dropped to around 32, pushing close to oversold territory after remaining near overbought conditions earlier this month during Bitcoin’s rally toward $82,000.</p>
<div class="lb-trans"><p>在 4 小时图上，RSI 已降至约 32，接近超卖区域，此前在比特币上涨至 $82,000 的过程中保持在超买状态。</p>
</div><p>Falling RSI levels alongside declining price action typically point to weak buying momentum.</p>
<div class="lb-trans"><p>RSI 水平下降与价格行动下滑通常表明买入动能疲弱。</p>
</div><p>At the same time, the indicator has not yet shown a strong bullish divergence, suggesting sellers may still have room to pressure prices lower before a meaningful relief bounce develops.</p>
<div class="lb-trans"><p>与此同时，该指标尚未显示出强烈的看涨背离，表明卖方在价格进一步下跌之前仍有空间施加压力。</p>
</div><p>Volume activity has also picked up during the recent decline, particularly around large red candles near the breakdown below $78,000.</p>
<div class="lb-trans"><p>在最近的下跌过程中，成交量活动也有所增加，特别是在跌破 $78,000 附近的大红蜡烛周围。</p>
</div><p>Rising sell-side volume during a support breakdown often signals panic-driven exits and forced liquidations rather than controlled profit taking.</p>
<div class="lb-trans"><p>在支撑位破裂期间，卖方成交量的上升通常表明恐慌性退出和强制清算，而不是有控制的获利了结。</p>
</div><p>From a price structure perspective, Bitcoin now risks revisiting the $76,000 zone, which acted as a temporary intraday support during the latest liquidation cascade.</p>
<div class="lb-trans"><p>从价格结构的角度来看，比特币现在面临重新回到 $76,000 区域的风险，该区域在最近的清算潮中曾作为临时日内支撑。</p>
</div><p>If it fails to hold, traders could begin watching the $74,000 to $75,000 region next, an area where Bitcoin previously found support during late April consolidation.</p>
<div class="lb-trans"><p>如果未能守住，交易者可能会开始关注 $74,000 至 $75,000 区域，这是比特币在 4 月底整合期间曾找到支撑的区域。</p>
</div><p>On the upside, Bitcoin would first need to reclaim the $78,000 level before bulls can attempt another push toward the 100 EMA and 50 EMA cluster near $79,200 to $79,300.</p>
<div class="lb-trans"><p>在上涨方面，比特币首先需要重新夺回 $78,000 水平，然后多头才能尝试再次向 $79,200 至 $79,300 附近的 100 EMA 和 50 EMA 集群发起冲击。</p>
</div><p>A stronger recovery would likely require Bitcoin to move back above the $80,000 psychological level, where heavy selling pressure recently emerged.</p>
<div class="lb-trans"><p>更强的反弹可能需要比特币重新回到 $80,000 的心理水平，在该水平上最近出现了强烈的卖压。</p>
</div><p>The post Bitcoin falls as ETF outflows spike: can bulls save $74K now? appeared first on Invezz</p>
<div class="lb-trans"><p>比特币下跌，ETF 流出激增：多头现在能否拯救 $74K？此文首发于 Invezz。</p>
</div>

Bitcoin falls as ETF outflows spike: can bulls save $74K now?

- 比特币价格从 81,700 美元高点下降超过 6%。  
- 当前价格已跌破 78,000 美元支持位，市场整体流动性减弱。  
- Institutional ETF 自上周以来出现超过 10 亿美元的净流出。

比特币因 ETF 资金流出激增而下跌：多头能否守住 74K 关口？