
{"id":66027,"date":"2025-05-13T14:32:16","date_gmt":"2025-05-13T14:32:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=66027"},"modified":"2025-05-13T14:32:16","modified_gmt":"2025-05-13T14:32:16","slug":"bitfinex-alpha-thoi-ky-hung-thinh-tro-lai-voi-bitcoin","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=66027","title":{"rendered":"Bitfinex Alpha | Th\u1eddi K\u1ef3 H\u01b0ng Th\u1ecbnh Tr\u1edf L\u1ea1i V\u1edbi Bitcoin"},"content":{"rendered":"<div class=\"wp-container-1 wp-block-buttons\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-green-cyan-background-color has-background\"><strong>XEM FULL B\u00c1O C\u00c1O<\/strong><\/a><\/div>\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-black-color has-white-background-color has-text-color has-background\" href=\"https:\/\/www.bitfinex.com\/sign-up\/\">T\u1ea1o T\u00e0i kHo\u1ea3n Bitfinex<\/a><\/div>\n<\/div>\n<p>Sau h\u01a1n ba th\u00e1ng \u00e1n binh b\u1ea5t \u0111\u1ed9ng, Bitcoin \u0111\u00e3 ch\u00ednh th\u1ee9c gi\u00e0nh l\u1ea1i m\u1ed1c $100,000, th\u1ec3 hi\u1ec7n s\u1ee9c m\u1ea1nh t\u00e1i sinh. S\u1ef1 ph\u1ee5c h\u1ed3i n\u00e0y di\u1ec5n ra sau khi gi\u00e1 gi\u1ea3m 32% t\u1eeb m\u1ee9c \u0111\u1ec9nh l\u1ecbch s\u1eed v\u00e0o th\u00e1ng M\u1ed9t. \u0110\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi nh\u1eefng y\u1ebfu t\u1ed1 v\u0129 m\u00f4 t\u00edch c\u1ef1c \u2013 nh\u01b0 <a href=\"https:\/\/go.bitfinex.com\/DownloadAlpha154V#page=9\">c\u0103ng th\u1eb3ng thu\u1ebf quan h\u1ea1 nhi\u1ec7t<\/a> v\u00e0 Fed <a href=\"https:\/\/go.bitfinex.com\/DownloadAlpha154V#page=9\">b\u1eaft \u0111\u1ea7u t\u1ecf ra d\u1ec5 ch\u1ecbu h\u01a1n<\/a> trong gi\u1ecdng \u0111i\u1ec7u ch\u00ednh s\u00e1ch (dovish) \u2013 s\u1ef1 b\u1ee9t ph\u00e1 c\u1ee7a Bitcoin ph\u00f9 h\u1ee3p v\u1edbi xu h\u01b0\u1edbng m\u1ea1o hi\u1ec3m chung c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0 th\u1eadm ch\u00ed c\u00f2n v\u01b0\u1ee3t m\u1eb7t c\u1ea3 c\u1ed5 phi\u1ebfu trong cu\u1ed9c \u0111ua l\u1ee3i nhu\u1eadn.<\/p>\n\n<p>\u0110i\u1ec1u \u0111\u00e1ng ch\u00fa \u00fd l\u00e0 d\u00f2ng ti\u1ec1n \u0111\u1ed5 v\u00e0o Bitcoin d\u01b0\u1eddng nh\u01b0 b\u1ec1n v\u1eefng, th\u1ec3 hi\u1ec7n qua vi\u1ec7c <a href=\"https:\/\/go.bitfinex.com\/DownloadAlpha154V#page=10\">v\u1ed1n h\u00f3a th\u1ef1c t\u1ebf<\/a> \u0111\u1ea1t m\u1ee9c cao k\u1ef7 l\u1ee5c m\u1edbi v\u00e0 d\u00f2ng ti\u1ec1n v\u00e0o c\u00e1c qu\u1ef9 ETF v\u01b0\u1ee3t ng\u01b0\u1ee1ng $920 tri\u1ec7u ch\u1ec9 trong hai tu\u1ea7n qua. D\u1eef li\u1ec7u on-chain c\u0169ng cho th\u1ea5y l\u01b0\u1ee3ng BTC n\u1eafm gi\u1eef \u0111ang thua l\u1ed7 <a href=\"https:\/\/go.bitfinex.com\/DownloadAlpha154V#page=10\">\u0111\u00e3 gi\u1ea3m m\u1ea1nh<\/a>, v\u1edbi h\u01a1n 3 tri\u1ec7u BTC tr\u1edf l\u1ea1i v\u00f9ng l\u00e3i. K\u1ebft h\u1ee3p v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch t\u0103ng v\u00e0 <a href=\"https:\/\/go.bitfinex.com\/DownloadAlpha154V#page=10\">d\u00f2ng ti\u1ec1n ETF<\/a> do c\u00e1c t\u1ed5 ch\u1ee9c d\u1eabn d\u1eaft, Bitcoin hi\u1ec7n \u0111ang \u0111\u1ee9ng tr\u00ean n\u1ec1n t\u1ea3ng v\u1eefng ch\u1eafc. Mi\u1ec5n l\u00e0 \u0111i\u1ec1u ki\u1ec7n v\u0129 m\u00f4 v\u1eabn \u1ee7ng h\u1ed9, nh\u1eefng \u0111\u1ee3t gi\u1ea3m ng\u1eafn h\u1ea1n s\u1ebd nhanh ch\u00f3ng \u0111\u01b0\u1ee3c h\u1ea5p th\u1ee5, c\u1ee7ng c\u1ed1 k\u1ef3 v\u1ecdng t\u0103ng gi\u00e1 v\u00e0 m\u1edf \u0111\u01b0\u1eddng cho Bitcoin ti\u1ebfn t\u1edbi nh\u1eefng \u0111\u1ec9nh cao m\u1edbi.<\/p>\n\n<p>Trong khi \u0111\u00f3, C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang (Fed) v\u1eabn <a href=\"https:\/\/go.bitfinex.com\/DownloadAlpha154V#page=14\">gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t<\/a> khi lo ng\u1ea1i v\u1ec1 l\u1ea1m ph\u00e1t gia t\u0103ng v\u00e0 t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p \u0111\u1ed3ng th\u1eddi leo thang, l\u00e0m n\u1ed5i b\u1eadt nguy c\u01a1 c\u1ee7a t\u00ecnh tr\u1ea1ng \u201cstagflation\u201d (l\u1ea1m ph\u00e1t \u0111\u00ecnh tr\u1ec7). Ch\u1ee7 t\u1ecbch Fed Jerome Powell nh\u1ea5n m\u1ea1nh s\u1ef1 b\u1ea5t \u0111\u1ecbnh v\u1ec1 tri\u1ec3n v\u1ecdng kinh t\u1ebf, cho bi\u1ebft Fed c\u1ea7n th\u00eam d\u1eef li\u1ec7u tr\u01b0\u1edbc khi quy\u1ebft \u0111\u1ecbnh h\u00e0nh \u0111\u1ed9ng ti\u1ebfp theo. D\u00f9 th\u1ecb tr\u01b0\u1eddng k\u1ef3 v\u1ecdng m\u1ed9t \u0111\u1ee3t <a href=\"https:\/\/go.bitfinex.com\/DownloadAlpha154V#page=15\">c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng B\u1ea3y<\/a>, Fed v\u1eabn t\u1ecf ra th\u1eadn tr\u1ecdng, \u01b0u ti\u00ean \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ea3 h\u01a1n l\u00e0 ph\u1ea3n \u1ee9ng nhanh v\u1edbi t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng ch\u1eadm l\u1ea1i.<\/p>\n\n<p>Trong l\u0129nh v\u1ef1c n\u0103ng l\u01b0\u1ee3ng, gi\u00e1 d\u1ea7u th\u00f4 <a href=\"https:\/\/go.bitfinex.com\/DownloadAlpha154V#page=16\">lao d\u1ed1c<\/a> do OPEC+ t\u0103ng s\u1ea3n l\u01b0\u1ee3ng m\u1ee5c ti\u00eau, nh\u01b0ng gi\u00e1 x\u0103ng t\u1ea1i M\u1ef9 v\u1eabn c\u1ee9ng \u0111\u1ea7u \u1edf m\u1ee9c cao v\u00ec c\u00f4ng su\u1ea5t l\u1ecdc d\u1ea7u eo h\u1eb9p v\u00e0 nhu c\u1ea7u theo m\u00f9a t\u0103ng v\u1ecdt. S\u1ef1 ch\u00eanh l\u1ec7ch n\u00e0y, xu\u1ea5t ph\u00e1t t\u1eeb n\u00fat th\u1eaft \u1edf c\u00e1c nh\u00e0 m\u00e1y l\u1ecdc d\u1ea7u v\u00e0 bi\u00ean l\u1ee3i nhu\u1eadn ch\u1ebf bi\u1ebfn <a href=\"https:\/\/go.bitfinex.com\/DownloadAlpha154V#page=17\">(crack spreads)<\/a> t\u0103ng, cho th\u1ea5y chi ph\u00ed nhi\u00ean li\u1ec7u b\u00e1n l\u1ebb ch\u1ec9 c\u00f3 th\u1ec3 gi\u1ea3m n\u1ebfu c\u00e1c v\u1ea5n \u0111\u1ec1 ngu\u1ed3n cung \u0111\u01b0\u1ee3c gi\u1ea3i quy\u1ebft v\u00e0 gi\u00e1 d\u1ea7u duy tr\u00ec \u1edf m\u1ee9c th\u1ea5p.<\/p>\n<p><a href=\"https:\/\/go.bitfinex.com\/DownloadAlpha154V#page=19\">Hi\u1ec7p \u0111\u1ecbnh th\u01b0\u01a1ng m\u1ea1i M\u1ef9-Anh<\/a> v\u1eeba \u0111\u01b0\u1ee3c tung h\u00f4 g\u1ea7n \u0111\u00e2y c\u0169ng mang l\u1ea1i l\u1ee3i \u00edch kinh t\u1ebf kh\u00e1 khi\u00eam t\u1ed1n. D\u00f9 thu\u1ebf quan \u0111\u1ed1i v\u1edbi m\u1ed9t s\u1ed1 m\u1eb7t h\u00e0ng nh\u01b0 xe h\u01a1i Anh v\u00e0 n\u00f4ng s\u1ea3n M\u1ef9 \u0111\u00e3 gi\u1ea3m, th\u1ecfa thu\u1eadn thi\u1ebfu t\u1ea7m bao qu\u00e1t to\u00e0n di\u1ec7n v\u00e0 ch\u1ec9 mang l\u1ea1i nh\u1eefng l\u1ee3i \u00edch nh\u1ecf nh\u1eb7t, trong khi nh\u1eefng th\u00e1ch th\u1ee9c th\u01b0\u01a1ng m\u1ea1i l\u1edbn h\u01a1n v\u1eabn ch\u01b0a \u0111\u01b0\u1ee3c gi\u1ea3i quy\u1ebft.<\/p>\n\n<p>Th\u00eam \u00e1p l\u1ef1c cho n\u1ec1n kinh t\u1ebf, n\u0103ng su\u1ea5t lao \u0111\u1ed9ng \u1edf M\u1ef9 <a href=\"https:\/\/go.bitfinex.com\/DownloadAlpha154V#page=21\">gi\u1ea3m<\/a> l\u1ea7n \u0111\u1ea7u ti\u00ean trong g\u1ea7n ba n\u0103m, trong khi chi ph\u00ed lao \u0111\u1ed9ng tr\u00ean m\u1ed7i \u0111\u01a1n v\u1ecb t\u0103ng v\u1ecdt, b\u1ecb t\u00e1c \u0111\u1ed9ng b\u1edfi thu\u1ebf quan v\u00e0 gi\u00e1n \u0111o\u1ea1n th\u01b0\u01a1ng m\u1ea1i. C\u00e1c doanh nghi\u1ec7p \u0111ang <a href=\"https:\/\/go.bitfinex.com\/DownloadAlpha154V#page=22\">v\u1eadt l\u1ed9n<\/a> v\u1edbi chi ph\u00ed l\u01b0\u01a1ng b\u1ed5ng t\u0103ng cao v\u00e0 hi\u1ec7u qu\u1ea3 gi\u1ea3m s\u00fat, \u0111i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn bi\u00ean l\u1ee3i nhu\u1eadn thu h\u1eb9p v\u00e0 \u0111\u1ea7u t\u01b0 e d\u00e8 \u2013 tr\u1eeb khi n\u0103ng su\u1ea5t ph\u1ee5c h\u1ed3i ho\u1eb7c c\u0103ng th\u1eb3ng th\u01b0\u01a1ng m\u1ea1i d\u1ecbu b\u1edbt.<\/p>\n<p>Trong th\u1ebf gi\u1edbi crypto, c\u00e1c di\u1ec5n bi\u1ebfn m\u1edbi cho th\u1ea5y s\u1ef1 quan t\u00e2m ng\u00e0y c\u00e0ng t\u0103ng t\u1eeb ph\u00eda t\u1ed5 ch\u1ee9c v\u00e0 ch\u00ednh ph\u1ee7, m\u1eb7c d\u00f9 v\u1eabn c\u00f2n nhi\u1ec1u r\u00e0o c\u1ea3n ph\u00e1p l\u00fd v\u00e0 ch\u00ednh tr\u1ecb. New Hampshire \u0111\u00e3 t\u1ea1o n\u00ean b\u01b0\u1edbc \u0111\u1ed9t ph\u00e1 khi tr\u1edf th\u00e0nh ti\u1ec3u bang \u0111\u1ea7u ti\u00ean \u1edf M\u1ef9 <a href=\"https:\/\/go.bitfinex.com\/DownloadAlpha154V#page=25\">th\u00f4ng qua lu\u1eadt<\/a> cho ph\u00e9p \u0111\u1ea7u t\u01b0 v\u00e0o ti\u1ec1n m\u00e3 h\u00f3a v\u00e0 kim lo\u1ea1i qu\u00fd. \u0110\u1ed9ng th\u00e1i n\u00e0y ph\u1ea3n \u00e1nh xu h\u01b0\u1edbng t\u00edch h\u1ee3p t\u00e0i s\u1ea3n s\u1ed1 \u0111ang gia t\u0103ng \u1edf c\u1ea5p ti\u1ec3u bang, gi\u1eefa l\u00fac c\u00e1c cu\u1ed9c tranh lu\u1eadn ch\u00ednh s\u00e1ch qu\u1ed1c gia v\u1eabn ti\u1ebfp t\u1ee5c.<\/p>\n<p>Trong khi \u0111\u00f3, b\u1ebf t\u1eafc l\u1eadp ph\u00e1p \u1edf Washington v\u1eabn ti\u1ebfp di\u1ec5n. Th\u01b0\u1ee3ng vi\u1ec7n M\u1ef9 \u0111\u00e3 kh\u00f4ng th\u1ec3 th\u00f4ng qua d\u1ef1 lu\u1eadt <a href=\"https:\/\/go.bitfinex.com\/DownloadAlpha154V#page=26\">GENIUS Act<\/a> v\u1edbi t\u1ef7 l\u1ec7 phi\u1ebfu 48-49, c\u00f9ng ba th\u01b0\u1ee3ng ngh\u1ecb s\u0129 kh\u00f4ng b\u1ecf phi\u1ebfu v\u00e0 m\u1ed9t \u0111\u1ed9ng th\u00e1i y\u00eau c\u1ea7u xem x\u00e9t l\u1ea1i. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y kh\u00f3 kh\u0103n trong vi\u1ec7c \u0111\u1ea1t \u0111\u01b0\u1ee3c \u0111\u1ed3ng thu\u1eadn l\u01b0\u1ee1ng \u0111\u1ea3ng \u0111\u1ed1i v\u1edbi c\u00e1c d\u1ef1 lu\u1eadt tr\u1ecdng \u0111i\u1ec3m li\u00ean quan \u0111\u1ebfn kinh t\u1ebf v\u00e0 \u0111\u1ed5i m\u1edbi. \u1ede khu v\u1ef1c t\u01b0 nh\u00e2n, <a href=\"https:\/\/go.bitfinex.com\/DownloadAlpha154V#page=27\">BlackRock<\/a> \u0111\u00e3 \u0111\u1ea9y m\u1ea1nh vai tr\u00f2 c\u1ee7a m\u00ecnh b\u1eb1ng c\u00e1ch g\u1eb7p g\u1ee1 \u1ee6y ban Ch\u1ee9ng kho\u00e1n v\u00e0 Giao d\u1ecbch M\u1ef9 (SEC) \u0111\u1ec3 th\u1ea3o lu\u1eadn v\u1ec1 vi\u1ec7c gi\u1edbi thi\u1ec7u t\u00ednh n\u0103ng staking v\u00e0 c\u1ea3i thi\u1ec7n quy t\u1eafc giao d\u1ecbch quy\u1ec1n ch\u1ecdn cho c\u00e1c qu\u1ef9 ETF crypto. Cu\u1ed9c h\u1ecdp \u0111\u00e1nh d\u1ea5u b\u01b0\u1edbc ph\u00e1t tri\u1ec3n quan tr\u1ecdng trong vi\u1ec7c qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n s\u1ed1, v\u1edbi BlackRock \u1ee7ng h\u1ed9 vi\u1ec7c staking trong c\u00e1c ETF d\u1ef1a tr\u00ean Ethereum v\u00e0 m\u1edf r\u1ed9ng ch\u1ee9c n\u0103ng s\u1ea3n ph\u1ea9m. \u0110i\u1ec1u n\u00e0y c\u0169ng ph\u1ea3n \u00e1nh s\u1ef1 thay \u0111\u1ed5i trong c\u00e1ch ti\u1ebfp c\u1eadn c\u1ee7a SEC, khi c\u01a1 quan n\u00e0y ng\u00e0y c\u00e0ng ch\u1ee7 \u0111\u1ed9ng \u0111\u1ecbnh h\u00ecnh kh\u00f4ng gian t\u00e0i s\u1ea3n s\u1ed1.<\/p>\n<p><strong>\u0110\u1eebng qu\u00ean theo d\u00f5i c\u1ed9ng \u0111\u1ed3ng Bitfinex Vietnam t\u1ea1i <\/strong><a href=\"https:\/\/go.bitfinex.com\/BitfinexVNTelegram\"><strong>Telegram<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/go.bitfinex.com\/BitfinexVNX\"><strong>Twitter<\/strong><\/a><strong> &amp;<\/strong><strong> <\/strong><a href=\"https:\/\/go.bitfinex.com\/BitfinexVNFB\"><strong>Facebook<\/strong><\/a><strong> \u0111\u1ec3 c\u1eadp nh\u1eadp c\u00e1c b\u00e0i vi\u1ebft, th\u00f4ng tin &amp; s\u1ef1 ki\u1ec7n s\u1edbm nh\u1ea5t nh\u00e9!<\/strong><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/blog.bitfinex.com\/bitfinex-alpha\/bitfinex-alpha-thoi-ky-hung-thinh-tro-lai-voi-bitcoin\/\">Bitfinex Alpha | Th\u1eddi K\u1ef3 H\u01b0ng Th\u1ecbnh Tr\u1edf L\u1ea1i V\u1edbi Bitcoin<\/a> appeared first on <a href=\"https:\/\/blog.bitfinex.com\/\">Bitfinex blog<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>XEM FULL B\u00c1O C\u00c1O T\u1ea1o T\u00e0i kHo\u1ea3n Bitfinex Sau h\u01a1n ba th\u00e1ng \u00e1n binh b\u1ea5t \u0111\u1ed9ng, Bitcoin \u0111\u00e3 ch\u00ednh th\u1ee9c gi\u00e0nh l\u1ea1i m\u1ed1c $100,000, th\u1ec3 hi\u1ec7n s\u1ee9c m\u1ea1nh t\u00e1i sinh. S\u1ef1 ph\u1ee5c h\u1ed3i n\u00e0y di\u1ec5n ra sau khi gi\u00e1 gi\u1ea3m 32% t\u1eeb m\u1ee9c \u0111\u1ec9nh l\u1ecbch s\u1eed v\u00e0o th\u00e1ng M\u1ed9t. \u0110\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi nh\u1eefng y\u1ebfu [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":66028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-66027","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\/66027"}],"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=66027"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/66028"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}