1月29日消息，尽管 2025 年的加密周期被大量叙事包装为“基本面驱动”，但机构资金的真实流向却呈现明显分化。以以太坊为例，2025 年价格回调约 11%，但链上活跃度持续走高。Fuska 与 Pecta 升级显著降低费用、缓解拥堵，单日交易量一度突破 230 万笔，显示网络效率在 2026 年周期中开始释放红利。然而，资本却并未同步大规模回流。
资金动向的背离在 ETF 市场尤为明显。本周加密相关 ETF 总体流出接近 6.64 亿美元，而 Chainlink 的 Grayscale ETF（GLNK）却逆势吸引约 405 万美元资金。同期，以太坊相关产品则出现超过 5200 万美元的净流出。来自 SoSoValue 的数据还显示，LINK 的 ETF 资金表现甚至领先于市值更高的 DOGE，这种差异并不像短期轮动，更像是长期配置的选择。
在 DeFi 竞争加剧的背景下，Chainlink 正加速巩固其基础设施地位。DeFiLlama 数据显示，所有 Layer-1 的总锁定价值已回升至约 1700 亿美元，创 2022 年熊市以来新高，稳定币、RWA 与人工智能等板块同步扩张。Chainlink 也积极嵌入这些增长引擎，近期加入韩元稳定币全球联盟 GAKS，使其在韩国稳定币体系中占据关键节点。
更重要的是，Chainlink 网络的总担保价值（TVS）在 2025 年第四季度达到约 700 亿美元，反映出其预言机所支持的真实资产规模。高 TVS 意味着更强的信任度与更深的应用黏性，也解释了为何机构资金开始将 LINK 视为少数具备持续基本面支撑的高市值资产之一。
在 DeFi 复苏与现实资产上链并行的周期中，Chainlink 正从“工具型协议”向“核心金融基础设施”演进。ETF 资金与链上指标的共振，正在重塑市场对 LINK 的长期价值认知。
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Articoli correlati
‘Extreme Fear’ Is Back but Bitcoin’s Price Recovery Depends on it: Santiment
Bitcoin dipped to a four-week low on Friday at $65,500 after it was rejected at $72,000 a few days earlier, which pushed the overall market sentiment back to ‘extreme fear’ territory.
However, the analysts from Santiment believe this could be the precise push BTC needs to stage a notable
CryptoPotato9m fa
Bitcoin ETF ghi nhận dòng tiền vào trở lại sau tháng 10 khi giá ổn định
Bitcoin ETFs have seen a return of inflows after a period of stagnation, indicating renewed interest from institutional investors despite a significant price drop. The slight decrease in total assets under management reflects resilience and a potential for market recovery.
TapChiBitcoin11m fa
Bitcoin Is Repeating 1972 Gold Breakout Setup, Fueling Bullish Pump Speculations
Bitcoin is repeating 1972 gold breakout setup.
This pattern fuels bullish pump speculations across the crypto community.
One analyst says $1 million BTC ATH target is still a possibility.
The crypto community remains anxious as the price of Bitcoin (BTC), the pioneer crypto asset,
CryptoNewsLand30m fa
Bitcoin’s old peaks aren’t untouchable anymore, and the days of parabolic rallies could be over
Since its inception, bitcoin BTC$68,398.71 has been like a daredevil climber scaling new heights, rarely looking back at the ledges it left behind. Its price seldom retraced to previous bull-market peaks, even during long, grueling bear markets.
But that pattern seems to have changed, suggesting th
CoinDesk37m fa
Bitcoin Tapped $69K, Oil Prices Ended March With 60% Surge: Market Watch
Bitcoin jumped to a new multi-day peak of over $69,200 earlier today as the markets prepare for Trump’s highly anticipated speech on the war against Iran.
Most larger-cap alts are also in the green, with ETH climbing past $2,100 and XRP defending the $1.30 support. ZEC and HBAR have posted the
CryptoPotato1h fa
BTC 交易价格较实现价格溢价 21%，为近三年最低溢价水平
Gate News 消息，4 月 1 日，BTC 当前交易价格较其实现价格（所有流通 BTC 的平均购买成本）高出 21%。数据显示，BTC 实现价格为 54,286 美元，当前溢价水平为过去三年中的最低值，接近历史周期底部区间的溢价表现。
GateNews1h fa
