Биткоин показал себя хуже других активов в августе. С чем это связано

RBK-cryptoPublicado em 2024-08-30Última atualização em 2024-08-30

Эксперты назвали основные причины падения цены биткоина в августе 2024 года, несмотря на общий приток капитала на рынке биржевых фондов

В августе цена биткоина показала отрицательную динамику, снизившись почти на 8%. Этот результат слабее показателей акций и облигаций, выросших примерно на 2% за тот же период, согласно данным Bloomberg на 30 августа. Эксперты связали это со снижением ликвидности на спотовом рынке главной криптовалюты, несмотря на общий приток в биржевые фонды на базе биткоина, наблюдаемый в августе.

«Объемы спотового рынка биткоина остаются скромными, что способствует резким ценовым колебаниям», — написал глава отдела стратегии цифровых активов Fundstrat Global Advisors Шон Фаррелл.

Семидневный средний оборот биткоина (объем торговли, деленный на рыночную стоимость токена), используемый Фаррелом для определения уровня ликвидности, снизился до 2%, что в 2,5 раза ниже пиковых значений в марте 2024 года.

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Снижение ликвидности происходит на фоне чистого притока капитала в биржевые американские фонды (ETF) на базе биткоина, составившего около $280 млн, по данным Sosovalue на 30 августа. Это может быть связано с растущими ожиданиями, что Федеральная резервная система США начнет смягчение денежно-кредитной политики в сентябре.

Как решения ФРС и макроданные США влияют на криптовалюты. Что учитывать

О снижении ликвидности на рынке биткоина говорят и другие метрики. Аналитики JPMorgan, на которых ссылается Bloomberg, указали на показатели коэффициента Хуэй-Хебеля (Hui-Heubel).

Индикатор Хуэй-Хебеля — мера устойчивости и глубины финансовых рынков. Коэффициент предполагает, что чем больше объем торгов относительно изменения цен, тем глубже и устойчивее рынок.

«Поразительно, что этот показатель ухудшается на всех спотовых биткоин-ETF с марта, что указывает на общее ухудшение ликвидности за последние шесть месяцев», — заявили в инвестбанке JPMorgan.

Телеграм-канал «РБК-Крипто» — подпишитесь и будьте в курсе самых главных и актуальных новостей о криптовалюте

Совокупный ежедневный объем торгов американскими биткоин-ETF упал до менее чем $2 млрд от пиковых значений в $10 млрд в марте, по данным Bloomberg.

Майнер-одиночка добыл блок биткоина и заработал $200 тыс.

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«РБК-Крипто» запустил мониторинг криптовалютных обменников. Выбирайте надежный обменный сервис с выгодным курсом на yourcryptoex.ru или в удобном телеграм-боте.

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