Steno Research 表示，隨著美國通膨上升造成越來越不利的宏觀經濟背景，比特幣（BTC）持有者應該做好更多拋售的準備

自 12 月中旬以來，比特幣現貨價格已下跌約 10%，從 106,000 美元左右的歷史高點跌至 1 月 14 日的約 96,000 美元。

Steno Research highlighted an unfolding sell-off in Bitcoin (BTC) that might drive the cryptocurrency as low as $85,000.

Steno Research 強調了比特幣 (BTC) 的持續拋售，這可能會導致該加密貨幣跌至 85,000 美元。

The worsening macroeconomic climate is largely driving the sell-off, with inflation once again taking center stage.

不斷惡化的宏觀經濟環境在很大程度上推動了拋售，通膨再次成為焦點。

Bitcoin's spot price has declined roughly 10% since mid-December, dropping from all-time highs of around $106,000 to around $96,000 as of Jan. 14.

自 12 月中旬以來，比特幣現貨價格已下跌約 10%，從 106,000 美元左右的歷史高點跌至 1 月 14 日的 96,000 美元左右。

A positive US jobs report on Jan. 10 saw BTC’s spot price briefly drop below $93,000, with the US dollar rising on expectations of slower interest rate cuts.

1 月 10 日美國就業報告向好，比特幣現貨價格短暫跌破 93,000 美元，美元因降息放緩的預期而上漲。

Steno expects the US Consumer Price Index report on Jan. 15 to flag higher-than-expected inflation, with monthly headline price rises of around 0.4% versus consensus expectations of 0.3%.

Steno 預計 1 月 15 日的美國消費者物價指數報告將顯示通膨高於預期，月總體價格上漲約 0.4%，而普遍預期為 0.3%。

If this scenario plays out, Steno anticipates that markets will be caught off guard by an upside surprise, putting further downward pressure on digital asset prices.

如果這種情況發生，Steno 預計市場將因意外的上漲而措手不及，從而給數位資產價格帶來進一步的下行壓力。

In this scenario, Steno researchers estimate that Bitcoin could drop as low as $85,000 per coin.

在這種情況下，Steno 研究人員估計比特幣可能會跌至每枚 85,000 美元。

However, Steno expects 2025 to be the crypto market’s best year ever, with Bitcoin smashing all-time highs. Steno anticipates that BTC will eventually hit $150,000 per coin in 2025.

然而，Steno 預計 2025 年將是加密貨幣市場有史以來最好的一年，比特幣將打破歷史新高。 Steno 預計 BTC 最終將在 2025 年達到每枚 15 萬美元。

This scenario is supported by several factors, including an unprecedentedly favorable regulatory environment for cryptocurrencies, a supportive macroeconomic climate and the historically strong post-Bitcoin-halving performance, Steno said.

Steno 表示，這種情況得到了多種因素的支持，包括加密貨幣前所未有的有利監管環境、有利的宏觀經濟環境以及比特幣減半後歷史上強勁的表現。