比特幣（BTC）市場更新：恐慌性拋售導致閃電崩盤，感恩節後可能復甦

比特幣 (BTC) 最近經歷了大幅下跌，幾天之內從歷史高點 (ATH) 9.95 萬美元跌至 9.07 萬美元，跌幅達 9%。

Bitcoin (BTC) price recently experienced a sharp decline, dropping by 9% from its all-time high (ATH) in a matter of days. The sudden price slump has stirred considerable market concern, with some wondering if Bitcoin can recover from this setback.

比特幣（BTC）價格最近經歷了大幅下跌，幾天之內就從歷史高點（ATH）下跌了 9%。價格的突然暴跌引起了相當大的市場擔憂，有些人想知道比特幣是否能從這次挫折中恢復過來。

Bitcoin's recent price drop was primarily caused by panic selling, largely driven by short-term holders (STH). According to crypto analyst James Van Straten, STHs dumped nearly $4 billion worth of Bitcoin between November 25 and 26, contributing significantly to the downturn. Notably, the timing of this selloff also coincided with the US Thanksgiving holiday, a period historically associated with low liquidity and unpredictable price movements.

比特幣最近的價格下跌主要是由恐慌性拋售造成的，而恐慌性拋售主要是由短期持有者（STH）推動的。加密貨幣分析師 James Van Straten 表示，STH 在 11 月 25 日至 26 日期間拋售了價值近 40 億美元的比特幣，對經濟低迷造成了重大影響。值得注意的是，這次拋售的時間也恰逢美國感恩節假期，這段時期歷史上流動性低且價格走勢難以預測。

According to Alex Thorn, Head of Research at Galaxy Digital, Bitcoin experienced a similar dip during Thanksgiving in 2020. During that period, BTC fell by 17% between November 25 and 27, only to later surge by more than 300% over the next five months.

Galaxy Digital 研究主管Alex Thorn 表示，比特幣在2020 年感恩節期間也經歷了類似的下跌。年裡飆升了300% 以上幾個月。

Thorn points out that Bitcoin's recent 9% drop might mirror that of 2020, indicating that the price could be nearing a local bottom, setting the stage for a potential recovery.

Thorn 指出，比特幣最近 9% 的下跌可能與 2020 年的情況相似，表明價格可能接近局部底部，為潛在復甦奠定了基礎。

“Does history rhyme? Bitcoin is down about 9% from the all-time high after a short-term holder panic sell-off, setting up a local price bottom around Thanksgiving, sound familiar?,” said Thorn, drawing parallels between the two events.

「歷史押韻嗎？在短期持有者恐慌性拋售之後，比特幣從歷史高點下跌了約9%，在感恩節前後形成了當地價格底部，聽起來很熟悉嗎？了比較。

The 2020 Thanksgiving selloff serves as an important historical reference point. Back then, Bitcoin plummeted sharply, dropping from around $19K to $16K before beginning its dramatic rise. According to Thorn, the “Thanksgiving dump” is not uncommon for Bitcoin, as market participants often take profits during the holiday season or adjust their positions before year-end.

2020年感恩節拋售是重要的歷史參考點。當時，比特幣大幅暴跌，從 1.9 萬美元左右跌至 16,000 美元，然後開始大幅上漲。索恩表示，比特幣的「感恩節暴跌」並不罕見，因為市場參與者經常在假期期間獲利了結或在年底前調整部位。

Despite the selloff, Bitcoin went on to see a massive rally in the months following the 2020 Thanksgiving dip, eventually reaching new ATHs in 2021. Given this history, some analysts believe Bitcoin's current dip could also set the stage for a similar rebound.

儘管遭受拋售，比特幣在2020 年感恩節下跌後的幾個月內繼續大幅反彈，最終在2021 年達到新的最高點。類似的反彈奠定基礎。

Van Straten also echoed this sentiment, suggesting that Bitcoin is following a similar pattern to Q4 2020. He emphasized that after significant price drops, Bitcoin often finds support at the Short-Term Holder Realized Price (STH Realized Price), which could offer stability in the current market.

Van Straten 也呼應了這個觀點，認為比特幣正遵循與2020 年第四季類似的模式。處找到支撐，這可能會為比特幣提供穩定性。

“After the massive flush out during Thanksgiving 2020, Bitcoin went vertical from $10K to $60K, with many pullbacks along the way. The STH Realized Price was a key support level, and it could play a similar role now,” said Van Straten.

「在 2020 年感恩節期間的大規模拋售之後，比特幣從 1 萬美元垂直上漲至 6 萬美元，一路上經歷了多次回調。 STH 實現價格是一個關鍵支撐位，現在可以發揮類似的作用，」Van Straten 表示。

However, not all analysts are convinced that $90.7K will be the local bottom for Bitcoin. BTC trader Cryp Nuevo warned that Bitcoin could see further declines, potentially reaching the $85K–$88K range before any potential reversal.

然而，並非所有分析師都相信 9.07 萬美元將是比特幣的局部底部。 BTC 交易員 Cryp Nuevo 警告稱，比特幣可能會進一步下跌，在出現任何潛在逆轉之前可能會達到 8.5 萬美元至 8.8 萬美元的區間。

“The downtrend could extend a bit further before we see any significant recovery. Bitcoin might reach the $85K–$88K zone,” said Nuevo, cautioning that traders should prepare for the possibility of a deeper correction.

「在我們看到任何顯著復甦之前，下降趨勢可能會進一步延續。比特幣可能會達到 85,000 美元至 88,000 美元區域。

While some traders are bracing for further price drops, the consensus in the broader market leans toward a recovery after the US Thanksgiving holiday, in line with historical patterns. Bitcoin's ability to stabilize above the $90K mark and avoid further panic selling will be crucial in determining whether the cryptocurrency is indeed poised for a rebound or if the downtrend will continue.

儘管一些交易商正準備迎接價格進一步下跌，但大盤的共識傾向於美國感恩節假期後的復甦，這與歷史模式一致。比特幣能否穩定在 9 萬美元大關上方並避免進一步恐慌性拋售，對於決定該加密貨幣是否確實準備好反彈或下跌趨勢是否會持續至關重要。