比特币ETF乐观情绪消退 三日资金连续流出抹平月初涨幅

Core Insights - Bitcoin exchange-traded funds (ETFs) experienced strong inflows at the beginning of 2026, with over $1 billion net inflow in the first two trading days, indicating a resurgence in investor risk appetite. However, this optimism quickly faded as three consecutive days of outflows introduced new uncertainties regarding Bitcoin's price outlook [1][2]. Group 1: ETF Performance - The 11 Bitcoin spot ETFs listed in the U.S. recorded a total net outflow of $1.128 billion over the past three days, nearly erasing the $1.16 billion net inflow from the first two trading days of the year [3]. - The year-to-date inflow for Bitcoin ETFs is now nearly flat, suggesting that previous optimistic sentiments are being replaced by actual funding conditions [3]. Group 2: Market Sentiment - Vikram Subburaj, CEO of the Indian cryptocurrency exchange Giottus, noted that the ETF fund flows exhibit tactical characteristics, with inflows followed by moderate outflows, reflecting a rotation of funds rather than strong buying confidence [4]. - The tightening macro environment has dampened market risk appetite, affecting both the stock market and the cryptocurrency market [4]. Group 3: Bitcoin Price Movement - Amid the ETF outflows, the cryptocurrency market has entered a risk-off state, with Bitcoin's price dropping from a high of over $94,600 to around $90,000, and dipping below $89,300 during trading [4]. - The Coin Desk index, which is linked to meme coins and decentralized finance tokens, also experienced a decline from its peak earlier in the week [4]. Group 4: Upcoming Economic Data - The U.S. non-farm payroll report for December is set to be released, which may influence market expectations regarding Federal Reserve interest rate cuts and demand for risk assets, including cryptocurrencies [5]. - Predictions indicate that the U.S. economy added 55,000 jobs in December, a decrease from 64,000 in November, and below the 12-month average of 77,800 jobs [5].