<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>比特幣從上週的高點 $81,700 下跌超過 6%，因為新的宏觀擔憂成為焦點。</p>
<p>截至最後檢查，比特幣已失去 $78,000 的關鍵支撐位，並隨着市場整體清算加速而進一步下跌。</p>
<p>與此同時，通過加密恐懼與貪婪指數跟蹤的加密市場情緒從上週的 28 降至，再次進入 ‘恐懼’ 區域，此前一週曾短暫迴歸中性水平。</p>
<h2>為什麼比特幣價格下跌？</h2>
<p>由於多種原因，比特幣再次面臨壓力，這讓交易者感到緊張。</p>
<p>在週末，賣盤加速，因為多頭未能守住 $80,000 的心理支撐位。</p>
<p>現在，過度槓桿的多頭交易者的強制賣出正在觸發交易所的自動賣單，使比特幣在買方流動性減弱的情況下暴露於風險之中。</p>
<p>根據 CoinGlass 數據，過去 24 小時內，加密清算總額攀升 42%，接近 $6.61 億。</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 小時。來源：Coinglass。</p>
<p>僅比特幣頭寸的清算就超過 $1.82 億，其中超過 $1.6 億與多頭交易相關，這些交易在價格迅速下跌時被清算。</p>
<p>與此同時，機構資金流動也開始降温，此前在本月早些時候支持了比特幣的反彈。</p>
<p>SoSoValue 彙編的數據表明，美國現貨比特幣 ETF 上週錄得超過 $10 億的淨流出，結束了連續幾周的持續流入。</p>
<p>關於 ETF 活動的報告還顯示，資金在幾次交易中集體拋售了近 13,000 BTC，表明機構積累的步伐放緩。</p>
<p>宏觀經濟發展只增加了擔憂。</p>
<p>最近的美國通脹數據顯示消費者通脹上升至 3.8%，而生產者價格上漲 6%，加強了市場對美聯儲可能會維持較高利率時間更長的預期。</p>
<p>債券市場對這些數據反應迅速。</p>
<p>美國 30 年期國債收益率攀升至 5.1%，而 10 年期和 2 年期收益率分別上升至 4.6% 和 4.1%。</p>
<p>較高的收益率歷史上對比特幣和其他投機資產施加壓力，因為更緊的貨幣條件降低了投資者的風險偏好。</p>
<p>與此同時，隨着中東地緣政治緊張局勢加劇，油價飆升。</p>
<p>布倫特原油上漲至約 $113 每桶，而西德克薩斯中質原油交易接近 $110，此前對伊朗、以色列和美國可能的軍事升級的擔憂重新浮現。</p>
<p>一些市場觀察人士認為，原油價格的重新上漲加劇了通脹擔憂，同時將資本從比特幣等高風險資產轉向傳統避險資產，包括黃金和短期美國國債。</p>
<p>隨着美元指數回升至 101 水平，對比特幣的壓力也加大。較強的美元通常會收緊全球流動性條件，並傾向於對加密貨幣施加壓力。</p>
<h2>比特幣價格分析</h2>
<p>根據 4 小時 BTC/USD 價格圖，比特幣價格現在已跌破所有三條主要短期指數移動平均線，這表明看跌動能開始壓倒本月早些時候將資產推高至 $82,000 的反彈結構。</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 小時價格圖。來源：TradingView。</p>
<p>截至撰寫時，比特幣交易接近 $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>在短時間內失去所有三個水平削弱了短期市場結構，使賣方重新掌控局面。</p>
<p>與此同時，接近 $77,833 的 200 EMA 也開始失去支撐力量，因為比特幣在最近的拋售中短暫跌破了該水平。</p>
<p>交易者通常會密切關注 200 EMA，因為持續在該水平下方交易可能表明更高時間框架上的看漲動能正在減弱。</p>
<p>相對強弱指數（RSI）也持續下滑。</p>
<p>在 4 小時圖上，RSI 已降至約 32，接近超賣區域，此前在比特幣上漲至 $82,000 的過程中保持在超買狀態。</p>
<p>RSI 水平下降與價格行動下滑通常表明買入動能疲弱。</p>
<p>與此同時，該指標尚未顯示出強烈的看漲背離，表明賣方在價格進一步下跌之前仍有空間施加壓力。</p>
<p>在最近的下跌過程中，成交量活動也有所增加，特別是在跌破 $78,000 附近的大紅蠟燭周圍。</p>
<p>在支撐位破裂期間，賣方成交量的上升通常表明恐慌性退出和強制清算，而不是有控制的獲利了結。</p>
<p>從價格結構的角度來看，比特幣現在面臨重新回到 $76,000 區域的風險，該區域在最近的清算潮中曾作為臨時日內支撐。</p>
<p>如果未能守住，交易者可能會開始關注 $74,000 至 $75,000 區域，這是比特幣在 4 月底整合期間曾找到支撐的區域。</p>
<p>在上漲方面，比特幣首先需要重新奪回 $78,000 水平，然後多頭才能嘗試再次向 $79,200 至 $79,300 附近的 100 EMA 和 50 EMA 集羣發起衝擊。</p>
<p>更強的反彈可能需要比特幣重新回到 $80,000 的心理水平，在該水平上最近出現了強烈的賣壓。</p>
<p>比特幣下跌，ETF 流出激增：多頭現在能否拯救 $74K？此文首發於 Invezz。</p>

COIN

GBTC

RIOT

<p>比特幣從上週的高點 $81,700 下跌超過 6%，因液化交易增加和 ETF 需求疲軟，跌破了關鍵支撐位。機構資金流出超過 10 億美元，宏觀經濟擔憂，包括通貨膨脹上升和地緣政治緊張局勢，給加密貨幣施加了壓力。目前比特幣交易價格接近 $76,900，如果無法維持，可能會重新測試 $76,000 區域，潛在支撐位在 $74,000 到 $75,000 之間。要實現反彈，需要重新奪回 $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>比特幣從上週的高點 $81,700 下跌超過 6%，因為新的宏觀擔憂成為焦點。</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>截至最後檢查，比特幣已失去 $78,000 的關鍵支撐位，並隨着市場整體清算加速而進一步下跌。</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>與此同時，通過加密恐懼與貪婪指數跟蹤的加密市場情緒從上週的 28 降至，再次進入 ‘恐懼’ 區域，此前一週曾短暫迴歸中性水平。</p>
</div><h2>Why is Bitcoin price going down?</h2>
<div class="lb-trans"><h2>為什麼比特幣價格下跌？</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>由於多種原因，比特幣再次面臨壓力，這讓交易者感到緊張。</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>在週末，賣盤加速，因為多頭未能守住 $80,000 的心理支撐位。</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>現在，過度槓桿的多頭交易者的強制賣出正在觸發交易所的自動賣單，使比特幣在買方流動性減弱的情況下暴露於風險之中。</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>根據 CoinGlass 數據，過去 24 小時內，加密清算總額攀升 42%，接近 $6.61 億。</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 小時。來源：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>僅比特幣頭寸的清算就超過 $1.82 億，其中超過 $1.6 億與多頭交易相關，這些交易在價格迅速下跌時被清算。</p>
</div><p>Meanwhile, institutional flows have also started cooling after supporting Bitcoin’s recovery earlier this month.</p>
<div class="lb-trans"><p>與此同時，機構資金流動也開始降温，此前在本月早些時候支持了比特幣的反彈。</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 彙編的數據表明，美國現貨比特幣 ETF 上週錄得超過 $10 億的淨流出，結束了連續幾周的持續流入。</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>關於 ETF 活動的報告還顯示，資金在幾次交易中集體拋售了近 13,000 BTC，表明機構積累的步伐放緩。</p>
</div><p>Macroeconomic developments have only added to the concerns.</p>
<div class="lb-trans"><p>宏觀經濟發展只增加了擔憂。</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>最近的美國通脹數據顯示消費者通脹上升至 3.8%，而生產者價格上漲 6%，加強了市場對美聯儲可能會維持較高利率時間更長的預期。</p>
</div><p>Bond markets reacted quickly to the data.</p>
<div class="lb-trans"><p>債券市場對這些數據反應迅速。</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>美國 30 年期國債收益率攀升至 5.1%，而 10 年期和 2 年期收益率分別上升至 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>較高的收益率歷史上對比特幣和其他投機資產施加壓力，因為更緊的貨幣條件降低了投資者的風險偏好。</p>
</div><p>At the same time, oil prices surged as geopolitical tensions in the Middle East intensified.</p>
<div class="lb-trans"><p>與此同時，隨着中東地緣政治緊張局勢加劇，油價飆升。</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>布倫特原油上漲至約 $113 每桶，而西德克薩斯中質原油交易接近 $110，此前對伊朗、以色列和美國可能的軍事升級的擔憂重新浮現。</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>一些市場觀察人士認為，原油價格的重新上漲加劇了通脹擔憂，同時將資本從比特幣等高風險資產轉向傳統避險資產，包括黃金和短期美國國債。</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>隨着美元指數回升至 101 水平，對比特幣的壓力也加大。較強的美元通常會收緊全球流動性條件，並傾向於對加密貨幣施加壓力。</p>
</div><h2>Bitcoin price analysis</h2>
<div class="lb-trans"><h2>比特幣價格分析</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>根據 4 小時 BTC/USD 價格圖，比特幣價格現在已跌破所有三條主要短期指數移動平均線，這表明看跌動能開始壓倒本月早些時候將資產推高至 $82,000 的反彈結構。</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 小時價格圖。來源：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>截至撰寫時，比特幣交易接近 $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>在短時間內失去所有三個水平削弱了短期市場結構，使賣方重新掌控局面。</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>與此同時，接近 $77,833 的 200 EMA 也開始失去支撐力量，因為比特幣在最近的拋售中短暫跌破了該水平。</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>交易者通常會密切關注 200 EMA，因為持續在該水平下方交易可能表明更高時間框架上的看漲動能正在減弱。</p>
</div><p>The Relative Strength Index, or RSI, has also continued sliding lower.</p>
<div class="lb-trans"><p>相對強弱指數（RSI）也持續下滑。</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 小時圖上，RSI 已降至約 32，接近超賣區域，此前在比特幣上漲至 $82,000 的過程中保持在超買狀態。</p>
</div><p>Falling RSI levels alongside declining price action typically point to weak buying momentum.</p>
<div class="lb-trans"><p>RSI 水平下降與價格行動下滑通常表明買入動能疲弱。</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>與此同時，該指標尚未顯示出強烈的看漲背離，表明賣方在價格進一步下跌之前仍有空間施加壓力。</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>在最近的下跌過程中，成交量活動也有所增加，特別是在跌破 $78,000 附近的大紅蠟燭周圍。</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>在支撐位破裂期間，賣方成交量的上升通常表明恐慌性退出和強制清算，而不是有控制的獲利了結。</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>從價格結構的角度來看，比特幣現在面臨重新回到 $76,000 區域的風險，該區域在最近的清算潮中曾作為臨時日內支撐。</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，交易者可能會開始關注 $74,000 至 $75,000 區域，這是比特幣在 4 月底整合期間曾找到支撐的區域。</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>在上漲方面，比特幣首先需要重新奪回 $78,000 水平，然後多頭才能嘗試再次向 $79,200 至 $79,300 附近的 100 EMA 和 50 EMA 集羣發起衝擊。</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>更強的反彈可能需要比特幣重新回到 $80,000 的心理水平，在該水平上最近出現了強烈的賣壓。</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>比特幣下跌，ETF 流出激增：多頭現在能否拯救 $74K？此文首發於 Invezz。</p>
</div>

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

- 比特幣價格從 81,700 美元高點下降超過 6%。  
- 當前價格已跌破 78,000 美元支持位，市場整體流動性減弱。  
- Institutional ETF 自上週以來出現超過 10 億美元的淨流出。

比特幣因 ETF 資金流出激增而下跌：多頭能否守住 74K 關口？