比特幣（BTC）的價格崩潰了，低於90,000美元

比特幣（BTC）上漲了近10％的回收率，至95,000美元以上

Bitcoin (BTC) dropped back below the $90,000 psychological threshold on Thursday, continuing to struggle despite staging a nearly 10% recovery to above $95,000 earlier in the week.

比特幣（BTC）在周四的90,000美元的心理門檻以下，儘管在本週早些時候上漲了近10％至95,000美元以上，但仍在掙扎。

Analysts said that ongoing macroeconomic uncertainties and a significant reduction in institutional investments in cryptocurrency markets had kept upbeat price momentum at bay.

分析人士說，正在進行的宏觀經濟不確定性以及在加密貨幣市場的機構投資大大減少，使樂觀的價格勢頭保持不變。

Bitcoin bottomed out at around $81,400 on Wednesday after forming a double-top chart pattern around $94,200 in the daily chart—a setup that usually suggests an imminent price decline.

比特幣在每日圖表中形成了約94,200美元的雙頂圖案後，週三的價格約為81,400美元，這通常表明價格即將下降。

From there, the largest cryptocurrency recovered to hit highs of $95,160 early Thursday, before slipping back into the $90,000 zone.

從那裡開始，最大的加密貨幣在周四早些時候恢復了95,160美元的高點，然後退回了90,000美元的區域。

Multiple factors are now putting pressure on Bitcoin to slump further, including US spot Bitcoin exchange-traded funds (ETFs), said Ryan Lee, chief analyst at Bitget Research.

Bitget Research首席分析師Ryan Lee說，現在有多種因素正在對比特幣進一步投地，包括美國現貨比特幣交易所交易基金（ETF）。

The analyst told Cointelegraph:

分析師告訴Cointelegraph：

The US spot Bitcoin ETFs are now reporting four consecutive weeks of net negative outflows after a strong start to the year saw the funds report 12 straight weeks of inflows.

美國現貨比特幣ETF現在報告了連續四個星期的淨負面流出，這是一年的強勁開端，這筆資金報告了連續12週的流入。

The ETFs saw a significant reduction in investments as they clocked over $2.6 billion in cumulative net outflows during the last week of February, Sosovalue data showed.

Sosovalue數據顯示，ETF在2月的最後一周的累積淨流出量超過26億美元時，投資顯著減少。

Beyond ETF inflows, macroeconomic factors are also pressuring Bitcoin’s price action, Lee said, adding:

Lee補充說，除了ETF流入之外，宏觀經濟因素還迫使比特幣的價格行動施加壓力：

But analysts remained optimistic about Bitcoin’s price trajectory for late 2025, with predictions ranging from $160,000 to above $180,000.

但是分析師對2025年末比特幣的價格軌跡保持樂觀，預測範圍從160,000美元到180,000美元以上。

US tariff concerns may be alleviated next week

下周可能會緩解美國關稅問題

Some of the concerns related to a potential global trade war may be alleviated with next week’s announcements, said Iliya Kalchev, dispatch analyst at digital asset investment platform Nexo.

Digital Asset Investment Nexo的調度分析師Iliya Kalchev表示，下週的公告可能會緩解與潛在的全球貿易戰有關的一些問題。

The implementation of US tariffs had “weighed in” on crypto markets after they went into effect, leading to declines in digital assets and traditional equities, the analyst said, adding:

分析師說，美國關稅生效後，對加密貨幣市場的實施“權衡”，導致數字資產和傳統股票的下降。

Trade policy uncertainty will likely “keep sentiment guarded” while the increased likelihood of Federal Reserve rate cuts may “suggest a potential turnaround” for crypto markets, added the analyst.

分析師補充說，貿易政策的不確定性可能會“保持情緒”，而美聯儲降低率的增加可能會“暗示加密市場的潛在轉變”。

Meanwhile, the wider crypto market is still recovering from the $1.4 billion Bybit hack on Feb. 21—the largest in crypto history.

同時，更廣泛的加密貨幣市場仍在2月21日的14億美元的bybit Hack中恢復，這是加密歷史上最大的。