{"id":57696,"date":"2025-04-08T15:26:18","date_gmt":"2025-04-08T15:26:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=57696"},"modified":"2025-04-08T15:26:18","modified_gmt":"2025-04-08T15:26:18","slug":"bitfinex-alpha-boi-canh-vi-mo-da-dinh-hinh-trien-vong-cho-quy-2-van-rat-tich-cuc","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=57696","title":{"rendered":"Bitfinex Alpha | B\u1ed1i c\u1ea3nh v\u0129 m\u00f4 \u0111\u00e3 \u0111\u1ecbnh h\u00ecnh, tri\u1ec3n v\u1ecdng cho Qu\u00fd 2 v\u1eabn r\u1ea5t t\u00edch c\u1ef1c"},"content":{"rendered":"
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XEM FULL B\u00c1O C\u00c1O<\/strong><\/a><\/div>\n
T\u1ea1o T\u00e0i kho\u1ea3n Bitfinex<\/a><\/div>\n<\/div>\n

Sau m\u1ed9t tu\u1ea7n tr\u01b0\u1edbc \u0111\u00f3 ghi nh\u1eadn hi\u1ec7u su\u1ea5t t\u01b0\u01a1ng \u0111\u1ed1i \u1ed5n \u0111\u1ecbnh, khi Bitcoin k\u1ebft th\u00fac tu\u1ea7n g\u1ea7n nh\u01b0 kh\u00f4ng \u0111\u1ed5i<\/a>, ch\u1ec9 gi\u1ea3m nh\u1eb9 0,65% \u2013 v\u01b0\u1ee3t xa c\u00e1c t\u00e0i s\u1ea3n r\u1ee7i ro truy\u1ec1n th\u1ed1ng \u2013 th\u00ec r\u00f5 r\u00e0ng r\u1eb1ng \u0111\u00e2y ch\u1ec9 l\u00e0 ph\u1ea3n \u1ee9ng ti\u00eau c\u1ef1c b\u1ecb tr\u00ec ho\u00e3n.<\/p>\n

T\u1ef7 l\u1ec7 ph\u1ea7n tr\u0103m l\u1ee3i nhu\u1eadn c\u1ee7a SPX, NASDAQ, Dow Jones Industrial Average<\/em><\/strong>
<\/em><\/strong>v\u00e0 Bitcoin k\u1ec3 t\u1eeb \u0111\u1ea7u n\u0103m 2025 (Ngu\u1ed3n: The Tradingview)<\/em><\/strong><\/p>\n

D\u00f9 t\u1ef7 l\u1ec7 BTC\/S&P 500<\/a> \u0111\u00e3 t\u0103ng v\u1ecdt l\u00ean m\u1ee9c g\u1ea7n \u0111\u1ea1t k\u1ef7 l\u1ee5c m\u1ecdi th\u1eddi \u0111\u1ea1i, cho th\u1ea5y s\u1ee9c m\u1ea1nh t\u01b0\u01a1ng \u0111\u1ed1i \u0111\u00e1ng kinh ng\u1ea1c, th\u1ecb tr\u01b0\u1eddng v\u1eabn \u0111ang trong giai \u0111o\u1ea1n b\u00e1n th\u00e1o. Theo quan \u0111i\u1ec3m c\u1ee7a c\u00e1c nh\u00e0 ph\u00e2n t\u00edch Bitfinex, c\u00e1c c\u1ed5 phi\u1ebfu hi\u1ec7n \u0111ang b\u1ecb b\u00e1n qu\u00e1 m\u1ee9c, v\u00e0 m\u1ed9t \u0111\u1ee3t ph\u1ee5c h\u1ed3i ng\u1eafn h\u1ea1n c\u00f3 th\u1ec3 gi\u00fap thu h\u1eb9p kho\u1ea3ng c\u00e1ch gi\u1eefa Bitcoin v\u00e0 c\u00e1c ch\u1ec9 s\u1ed1 n\u00e0y trong trung h\u1ea1n<\/a>. Tuy nhi\u00ean, xu h\u01b0\u1edbng t\u00e0i tr\u1ee3 ng\u1eafn h\u1ea1n c\u0169ng nh\u01b0 l\u00e3i m\u1edf (open interest) \u0111ang \u00e1m ch\u1ec9 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng s\u1eafp t\u1edbi d\u00e0nh cho Bitcoin. D\u1eabu v\u1eady, v\u1ec1 m\u1eb7t c\u1ea5u tr\u00fac, n\u1ec1n t\u1ea3ng cho s\u1ef1 b\u1ee9t ph\u00e1 v\u00e0o cu\u1ed1i qu\u00fd 2 d\u01b0\u1eddng nh\u01b0 \u0111ang d\u1ea7n h\u00ecnh th\u00e0nh. Khi nh\u1eefng c\u01a1n s\u00f3ng l\u1edbn v\u1ec1 kinh t\u1ebf v\u0129 m\u00f4 l\u1eafng xu\u1ed1ng, d\u00f2ng ti\u1ec1n ETF tr\u1edf l\u1ea1i, v\u00e0 c\u00e1c c\u00e2u chuy\u1ec7n ch\u1ee7 quy\u1ec1n t\u00e1i xu\u1ea5t, Bitcoin c\u00f3 kh\u1ea3 n\u0103ng s\u1ebd tho\u00e1t ly kh\u1ecfi s\u1ef1 ph\u1ee5 thu\u1ed9c v\u00e0o c\u1ed5 phi\u1ebfu v\u00e0 gi\u00e0nh l\u1ea1i v\u1ecb th\u1ebf d\u1eabn \u0111\u1ea7u<\/a> trong nh\u00f3m t\u00e0i s\u1ea3n r\u1ee7i ro to\u00e0n c\u1ea7u.<\/p>\n

N\u1ec1n kinh t\u1ebf M\u1ef9 v\u1eeba c\u00f4ng b\u1ed1 s\u1ed1 li\u1ec7u vi\u1ec7c l\u00e0m<\/a> v\u00e0 x\u00e2y d\u1ef1ng<\/a> kh\u1ea3 quan h\u01a1n k\u1ef3 v\u1ecdng trong \u0111\u1ea7u n\u0103m 2025, mang \u0111\u1ebfn ch\u00fat ni\u1ec1m vui ng\u1eafn h\u1ea1n. Tuy nhi\u00ean, nh\u1eefng th\u00e1ch th\u1ee9c c\u1ea5u tr\u00fac s\u00e2u s\u1eafc \u0111ang b\u1eaft \u0111\u1ea7u n\u1ed5i l\u00ean khi c\u00e1c ch\u00ednh s\u00e1ch thu\u1ebf quan m\u1edbi \u00e1p d\u1ee5ng<\/a> b\u1eaft \u0111\u1ea7u \u0111\u00e8 n\u1eb7ng l\u00ean l\u0129nh v\u1ef1c s\u1ea3n xu\u1ea5t, gi\u00e1 c\u1ea3 v\u00e0 th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng. T\u0103ng tr\u01b0\u1edfng vi\u1ec7c l\u00e0m th\u00e1ng Ba, \u0111\u01b0\u1ee3c d\u1eabn d\u1eaft b\u1edfi ng\u00e0nh d\u1ecbch v\u1ee5 t\u01b0 nh\u00e2n, che gi\u1ea5u nh\u1eefng b\u1ea5t \u1ed5n ti\u1ec1m t\u00e0ng khi c\u00e1c ng\u00e0nh s\u1ea3n xu\u1ea5t v\u00e0 h\u00e0ng h\u00f3a \u0111ang cho th\u1ea5y d\u1ea5u hi\u1ec7u c\u0103ng th\u1eb3ng.<\/p>\n

\u0110\u1ed3ng th\u1eddi, c\u00e1c lo\u1ea1i thu\u1ebf quan \u2013 hi\u1ec7n trung b\u00ecnh h\u01a1n 22% \u2013 \u0111ang \u0111\u1ea9y chi ph\u00ed \u0111\u1ea7u v\u00e0o l\u00ean cao \u1edf h\u1ea7u h\u1ebft c\u00e1c ng\u00e0nh, g\u00e2y \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t v\u00e0 ch\u00e2m ng\u00f2i c\u00e1c bi\u1ec7n ph\u00e1p tr\u1ea3 \u0111\u0169a t\u1eeb c\u00e1c \u0111\u1ed1i t\u00e1c th\u01b0\u01a1ng m\u1ea1i ch\u1ee7 ch\u1ed1t. Chi ti\u00eau cho x\u00e2y d\u1ef1ng<\/a> t\u0103ng trong th\u00e1ng Hai nh\u1edd l\u00e3i su\u1ea5t th\u1ebf ch\u1ea5p gi\u1ea3m nh\u1eb9, nh\u01b0ng l\u1ea1m ph\u00e1t gi\u00e1 nguy\u00ean v\u1eadt li\u1ec7u nh\u01b0 th\u00e9p, nh\u00f4m v\u00e0 g\u1ed7 \u0111\u00e3 b\u1eaft \u0111\u1ea7u si\u1ebft ch\u1eb7t kh\u1ea3 n\u0103ng chi tr\u1ea3. Ho\u1ea1t \u0111\u1ed9ng s\u1ea3n xu\u1ea5t \u0111\u00e3 r\u01a1i v\u00e0o tr\u1ea1ng th\u00e1i suy gi\u1ea3m, v\u00e0 c\u00e1c ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng \u2013 \u0111\u1eb7c bi\u1ec7t l\u00e0 s\u1ed1 l\u01b0\u1ee3ng vi\u1ec7c l\u00e0m tuy\u1ec3n d\u1ee5ng \u2013 cho th\u1ea5y xu h\u01b0\u1edbng gi\u1ea3m t\u1ed1c<\/a>. M\u1eb7c d\u00f9 C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang (Fed) v\u1eabn th\u1eadn tr\u1ecdng<\/a> tr\u01b0\u1edbc nh\u1eefng di\u1ec5n bi\u1ebfn l\u1ea1m ph\u00e1t kh\u00f4ng ch\u1eafc ch\u1eafn, b\u1ee9c tranh t\u1ed5ng th\u1ec3 g\u1ee3i \u00fd r\u1eb1ng ch\u00ednh s\u00e1ch th\u01b0\u01a1ng m\u1ea1i, ch\u1ee9 kh\u00f4ng ph\u1ea3i ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7, c\u00f3 th\u1ec3 l\u00e0 m\u1ed1i \u0111e d\u1ecda l\u1edbn h\u01a1n \u0111\u1ed1i v\u1edbi \u0111\u00e0 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf trong nh\u1eefng qu\u00fd t\u1edbi.<\/p>\n

M\u1ee9c thu\u1ebf quan trung b\u00ecnh t\u1ea1i M\u1ef9 (Ngu\u1ed3n: Budget Lab at Yale)<\/em><\/strong><\/p>\n

V\u1ec1 d\u00f2ng tin t\u1ee9c, ng\u00e0nh c\u00f4ng nghi\u1ec7p ti\u1ebfp t\u1ee5c ti\u1ebfn tri\u1ec3n t\u00edch c\u1ef1c. Nh\u1eadt B\u1ea3n \u0111ang d\u1eabn \u0111\u1ea7u cu\u1ed9c c\u00e1ch m\u1ea1ng hi\u1ec7n \u0111\u1ea1i h\u00f3a quy \u0111\u1ecbnh b\u1eb1ng c\u00e1ch \u0111\u1ec1 xu\u1ea5t<\/a> ph\u00e2n lo\u1ea1i ti\u1ec1n \u0111i\u1ec7n t\u1eed l\u00e0 s\u1ea3n ph\u1ea9m t\u00e0i ch\u00ednh v\u00e0 gi\u1ea3m thu\u1ebf thu nh\u1eadp t\u1eeb ti\u1ec1n m\u00e3 h\u00f3a xu\u1ed1ng c\u00f2n 20%, m\u1ed9t \u0111\u1ed9ng th\u00e1i nh\u1eb1m th\u00fac \u0111\u1ea9y s\u1ef1 tham gia c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 c\u1ee7ng c\u1ed1 vai tr\u00f2 c\u1ee7a qu\u1ed1c gia n\u00e0y nh\u01b0 m\u1ed9t trung t\u00e2m ti\u1ec1n m\u00e3 h\u00f3a to\u00e0n c\u1ea7u. Trong khi \u0111\u00f3, Grayscale \u0111\u00e3 n\u1ed9p \u0111\u01a1n<\/a> xin ra m\u1eaft qu\u1ef9 ETF Solana d\u1ea1ng spot, \u0111\u00e1nh d\u1ea5u ni\u1ec1m tin ng\u00e0y c\u00e0ng l\u1edbn v\u00e0o c\u00e1c t\u00e0i s\u1ea3n Layer 1 thay th\u1ebf v\u00e0 c\u00f3 th\u1ec3 m\u1edf \u0111\u01b0\u1eddng cho vi\u1ec7c \u00e1p d\u1ee5ng ETF r\u1ed9ng r\u00e3i h\u01a1n ngo\u00e0i Bitcoin v\u00e0 Ethereum. Song song \u0111\u00f3, qu\u1ef9 BUIDL on-chain c\u1ee7a BlackRock ti\u1ebfp t\u1ee5c chi\u1ebfm \u01b0u th\u1ebf tr\u00ean th\u1ecb tr\u01b0\u1eddng kho b\u1ea1c m\u00e3 h\u00f3a, chi tr\u1ea3 $4,17 tri\u1ec7u<\/a> c\u1ed5 t\u1ee9c trong th\u00e1ng Ba v\u00e0 n\u1eafm gi\u1eef g\u1ea7n 40% th\u1ecb ph\u1ea7n. Nh\u1eefng b\u01b0\u1edbc ti\u1ebfn song h\u00e0nh n\u00e0y nh\u1ea5n m\u1ea1nh s\u1ef1 h\u1ed9i t\u1ee5 nhanh ch\u00f3ng gi\u1eefa t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng v\u00e0 c\u00f4ng ngh\u1ec7 blockchain, h\u01b0\u1edbng \u0111\u1ebfn m\u1ed9t c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng th\u1ecb tr\u01b0\u1eddng ng\u00e0y c\u00e0ng tr\u01b0\u1edfng th\u00e0nh, d\u1ec5 ti\u1ebfp c\u1eadn, tu\u00e2n th\u1ee7 v\u00e0 th\u00e2n thi\u1ec7n v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n

T\u00f3m l\u1ea1i, d\u00f9 macro \u0111ang th\u1eed th\u00e1ch l\u00f2ng ki\u00ean nh\u1eabn c\u1ee7a t\u1ea5t c\u1ea3, nh\u01b0ng \u00e1nh s\u00e1ng cu\u1ed1i \u0111\u01b0\u1eddng h\u1ea7m v\u1eabn \u0111ang le l\u00f3i. H\u00e3y ch\u1edd xem qu\u00fd 2 s\u1ebd mang l\u1ea1i \u0111i\u1ec1u g\u00ec th\u00fa v\u1ecb!<\/em>
\u0110\u1eebng qu\u00ean theo d\u00f5i c\u1ed9ng \u0111\u1ed3ng Bitfinex Vietnam t\u1ea1i <\/strong>Telegram<\/strong><\/a>, <\/strong>Twitter<\/strong><\/a> & <\/strong>Facebook<\/strong><\/a> \u0111\u1ec3 c\u1eadp nh\u1eadp c\u00e1c b\u00e0i vi\u1ebft, th\u00f4ng tin & s\u1ef1 ki\u1ec7n s\u1edbm nh\u1ea5t nh\u00e9!<\/strong><\/p>\n

<\/span><\/p>\n

The post Bitfinex Alpha | B\u1ed1i c\u1ea3nh v\u0129 m\u00f4 \u0111\u00e3 \u0111\u1ecbnh h\u00ecnh, tri\u1ec3n v\u1ecdng cho Qu\u00fd 2 v\u1eabn r\u1ea5t t\u00edch c\u1ef1c<\/a> appeared first on Bitfinex blog<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

XEM FULL B\u00c1O C\u00c1O T\u1ea1o T\u00e0i kho\u1ea3n Bitfinex Sau m\u1ed9t tu\u1ea7n tr\u01b0\u1edbc \u0111\u00f3 ghi nh\u1eadn hi\u1ec7u su\u1ea5t t\u01b0\u01a1ng \u0111\u1ed1i \u1ed5n \u0111\u1ecbnh, khi Bitcoin k\u1ebft th\u00fac tu\u1ea7n g\u1ea7n nh\u01b0 kh\u00f4ng \u0111\u1ed5i, ch\u1ec9 gi\u1ea3m nh\u1eb9 0,65% \u2013 v\u01b0\u1ee3t xa c\u00e1c t\u00e0i s\u1ea3n r\u1ee7i ro truy\u1ec1n th\u1ed1ng \u2013 th\u00ec r\u00f5 r\u00e0ng r\u1eb1ng \u0111\u00e2y ch\u1ec9 l\u00e0 ph\u1ea3n \u1ee9ng ti\u00eau […]<\/p>\n","protected":false},"author":0,"featured_media":57697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-57696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57696"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57696"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57697"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}