比特幣（BTC）的價格動作有望在上週在看跌腿上結束

BTC仍在$ 83大關以下。在撰寫此報告時，BTC的交易價格為82,451.69美元，下降了0.09％。

Bitcoin (BTC) price action is set to conclude last week on a bearish leg especially as a wave of sell pressure brought the crypto down briefly below $85,000.

比特幣（BTC）的價格行動將於上週在看跌腿上結束，尤其是在賣出壓力浪潮使加密貨幣短暫下降到85,000美元以下。

BTC is still finding its feet under the $83 mark. At the time of writing this report, BTC was trading at $82,451.69, down 0.09% intraday. Over the past seven days, it is down 6.5%.

BTC仍在$ 83大關以下。在撰寫此報告時，BTC的交易價格為82,451.69美元，下降了0.09％。在過去的七天中，下降了6.5％。

This sluggishness is the outcome of the escalating tariff wars and FUD around $12.1 Billion worth of Bitcoin option positions that expired on March 28th, 2025.

這種遲鈍的是不斷升級的關稅戰爭的結果，而FUD約有121億美元的比特幣期權職位，該職位於2025年3月28日到期。

The particular date marks the last Friday of March. This is important because Bitcoin options usually expire on the last Friday of every month.

特定日期標誌著3月的最後一個星期五。這很重要，因為比特幣選項通常在每個月的最後一個星期五到期。

The Bitcoin options reportedly had a 0.49 call/put ratio. A ratio below 1 is considered bullish, but the market has turned out bearish, likely due to the uncertainty around the event.

據報導，比特幣選項的呼叫比率為0.49。低於1的比率被認為是看漲的，但是市場證明是看跌，這可能是由於該事件的不確定性。

After the options expired, BTC reacted as expected. On March 28th, BTC closed its red candle at $84,379, on the following day, it closed at $82,608.

選項過期後，BTC如預期的。 3月28日，BTC在第二天關閉了84,379美元的紅色蠟燭，其收於82,608美元。

BTC Price Dip May Signal a Reaction to Tariff Wars

BTC價格下跌可能表明對關稅戰爭的反應

Trump’s tariff wars have been causing negative sentiment among risk-on asset investors. Last week was characterized by a surge in tariff-related announcements and reactions.

特朗普的關稅戰爭一直引起風險資產投資者的負面情緒。上週的特徵是與關稅有關的公告和反應激增。

Bitcoin’s bearish performance is arguably one of the reasons contributing to BTC’s bearish outcome.

可以說，比特幣的看跌性能是促成BTC看跌結果的原因之一。

According to recent market data, the tariff wars recently resulted in flight to safety among investors, leading to higher gold prices.

根據最近的市場數據，關稅戰爭最近導致了投資者的安全飛行，從而導致了高價。

This is because gold is one of the most popular safe haven assets across the globe.

這是因為黃金是全球最受歡迎的避風港資產之一。

This bearish outcome may also be a signal of what to expect in the first week on April.

這種看跌的結果也可能表明了4月第一周的期望。

The consequent market uncertainty if economic temperatures remain high may continue to dampen investor sentiment.

隨之而來的市場不確定性，如果經濟溫度仍然很高，可能會繼續削弱投資者的情緒。

Bitcoin is Yet to Show Potential For Resurgence

比特幣尚未顯示出可能複興的潛力

BTC price was down to $82,451.69 at press time, likely because the subsequent wave of sell pressure forced BTC to extend its dip.

BTC的價格在發稿時下降至82,451.69美元，這可能是因為隨後的賣出壓力迫使BTC延長了其下降。

The latest bearish outcome also brought Bitcoin price action back down to its opening price for much. This means it risks closing the month in the red.

最新的看跌結果還將比特幣的價格行動恢復到其開頭。這意味著它有可能在紅色的月份結束。

Many analysts anticipate a bullish start in April. However, those expectations may be thwarted if investor sentiment remains dampened.

許多分析師預計將在4月開始看漲。但是，如果投資者的情緒仍然受到抑制，可能會挫敗這些期望。

The bearish market reaction in the last 24 hours triggered a surge in long liquidations which were up over $100 Million.

在過去的24小時內，看跌市場的反應引發了長期清算的激增，超過1億美元。

Despite this, the level of leverage liquidations was still nowhere near the daily liquidations observed in late February and early March.

儘管如此，槓桿清算水平仍然遠遠不及2月下旬和3月初觀察到的每日清算。

A potentially major reason why the latest liquidations were low could be the decline in leveraged positions before March 28th.

最新清算較低的可能的主要原因可能是3月28日之前杠杆位置的下降。

The estimated leverage ratio dipped from 0.26 to 0.25 between March 24th and 27th. It was also notably lower this time, compared to the highs observed in February.

在3月24日至27日之間，估計的槓桿比率從0.26降至0.25。與二月份觀察到的高點相比，這次的高點也降低了。

This could signal that the leverage shake-down is declining.

這可能表明槓桿搖動正在下降。

This outcome could signal that the leverage squeeze may be running low on juice.

這種結果可能表明槓桿擠壓可能會在果汁上低落。

Investors are now on the look-out for the return of strong spot demand which could be the first major sign of a strong recovery.

現在，投資者正在尋找強大的現貨需求的回報，這可能是強烈恢復的第一個主要跡象。