強於預期的美國經濟數據為數位資產的勢頭潑了一盆冷水，比特幣 (BTC) 下跌 10 萬美元

美國勞工統計局 11 月 JOLTS 職缺意外從上月的 780 萬增至 810 萬，輕鬆超過分析師

Bitcoin (BTC) price dropped below the crucial $100,000 level on Tuesday morning U.S. time as two key economic data points from the U.S. came in stronger than expected, denting digital assets’ recent strong early-year momentum.

美國時間週二上午，比特幣 (BTC) 價格跌破 10 萬美元關鍵水平，因美國的兩個關鍵經濟數據強於預期，削弱了數位資產近期強勁的年初勢頭。

The Bureau of Labor Statistics’ JOLTS job openings for November unexpectedly rose to 8.1 million from 7.8 million the month before, easily beating analyst estimates for a decline to 7.7 million.

美國勞工統計局公佈的 11 月份 JOLTS 職缺意外地從上個月的 780 萬個上升至 810 萬個，輕鬆超過了分析師預期的下降至 770 萬個。

Also released at the top of the hour, the ISM Services Purchasing Managers Index, a monthly measure of the level of economic activity in the services sector, came in at 54.1 for December, above expectations for 53.3 and a solid improvement on November's 52.1. The Prices Paid subindex hit a fresh multi-month high of 64.4, well above the anticipated 57.5 and 58.2 in the previous month.

同樣在當天早上發布的 ISM 服務業採購經理指數（衡量服務業經濟活動水準的月度指標）12 月份為 54.1，高於預期的 53.3，較 11 月份的 52.1 大幅改善。支付物價分類指數觸及數月新高 64.4，遠高於上個月預期的 57.5 和 58.2。

While neither report is typically a major market mover, combined they shook up an already jittery bond market, sending the 10-year U.S. Treasury yield higher by another five basis points to 4.68%, within a few ticks of multi-year highs. The move dragged U.S. stocks lower, with the Nasdaq now down over 1% in late morning trade and the S&P 500 lower by 0.4%.

雖然這兩份報告通常都不是主要的市場推動者，但它們結合起來震動了本已緊張的債券市場，導致10 年期美國國債收益率再上漲5 個基點，至4.68%，距離多年高點僅幾步之遙。此舉拖累美國股市走低，那斯達克指數早盤尾盤下跌超過 1%，標普 500 指數下跌 0.4%。

BTC, which was trading just below $101,000 into European afternoon hours, dropped to $97,800 following the data, giving up yesterday's gains and falling 4% over the past 24 hours. Major altcoins declined even more with Ethereum's ether (ETH) and Solana's SOL dropping 6%-7%, while Avalanche's AVAX and Chainlink's LINK both tumbled 8%-9%.

數據公佈後，BTC 的交易價格略低於 101,000 美元，在數據公佈後跌至 97,800 美元，回吐了昨天的漲幅，並在過去 24 小時內下跌了 4%。主要山寨幣跌幅更大，以太坊的以太幣 (ETH) 和 Solana 的 SOL 下跌 6%-7%，而 Avalanche 的 AVAX 和 Chainlink 的 LINK 均下跌 8%-9%。

The rapid price decline liquidated nearly $300 million in long positions across derivatives markets betting on rising prices, according to CoinGlass, marking the first large leverage flush of the year.

根據 CoinGlass 的數據，價格的快速下跌平倉了衍生性商品市場上近 3 億美元的多頭頭寸，押注價格上漲，這標誌著今年首次大規模槓桿沖刷。

The strong data also had investors further rolling back their expectations of rate cuts in 2025.

強勁的數據也讓投資人進一步下調了2025年降息的預期。

While market participants had already priced out any chance of a rate cut at the Fed's January meeting, they now see just a 37% chance of an easing move at the central bank's March meeting, down from nearly 50% just a week ago, according to the CME FedWatch tool. Looking out even further, the odds of a rate cut in May are also now well below 50%. Scanning all of 2025, Ballinger Group's Kyle Chapman noted investors are now only pricing in roughly one 25 basis point rate cut for the entire year.

儘管市場參與者已經排除了聯準會 1 月會議上降息的可能性，但他們現在認為聯準會 3 月會議上採取寬鬆舉措的可能性僅為 37%，低於一週前的近 50%。工具。更進一步來看，5 月降息的可能性目前也遠低於 50%。縱觀 2025 年全年，Ballinger Group 的 Kyle Chapman 指出，投資者目前僅預計全年降息約 25 個基點。