比特幣（BTC）的價格下跌至82,000美元，這是2024年11月初出現的水平

最近的比特幣價格行動使令牌的價格下跌至82,00美元，這是2024年11月初的最後一個水平。

NOIDA (CoinChapter.com) - Bitcoin price today dropped to $82,100, a level last seen in early November. The plunge has traders panicking, and the wider consensus is leaning towards more downside for BTC in the immediate future.

Noida（Coinchapter.com） - 今天的比特幣價格下跌至82,100美元，這是11月初出現的水平。暴跌讓貿易商驚慌失措，而在不久的將來，更廣泛的共識傾向於BTC的不利方面。

After a brief recovery attempt, Bitcoin struggled to reclaim the $90,000 level and faced sustained selling pressure, slipping further below the $87,000 mark. The token is now down over 20% from its 2024 highs of $109,000, which were achieved earlier this year.

經過短暫的恢復嘗試後，比特幣努力恢復90,000美元的水平並面臨持續的銷售壓力，進一步低於87,000美元。現在，該令牌比今年早些時候實現的2024年高點下降了20％以上。

The cryptocurrency is facing pressure from multiple fronts. Firstly, Bitcoin ETF outflows have reached record levels, wiping out billions in institutional capital that once fueled Bitcoin's rally. Secondly, the U.S. dollar is showing signs of strength, which could make risk assets less attractive as macro jitters rattle global markets.

加密貨幣正面臨來自多個方面的壓力。首先，比特幣ETF的流出達到了創紀錄的水平，消除了曾經助長比特幣集會的機構資本的數十億美元。其次，美元呈現強度的跡象，這可能會使風險資產隨著宏觀震撼的全球市場而吸引人。

On-chain data from Glassnode confirms a shift in sentiment, with long liquidations surging, whales offloading holdings, and spot selling pressure outpacing demand.

玻璃節的鏈上數據證實了情緒的轉變，較長的清算急劇飆升，鯨魚卸載持有量以及銷售壓力超過需求。

These signals suggest that the market remains in a strong bearish control, with little sign of a reversal in the near term. However, for Bitcoin to recover towards $90,000, strong institutional inflows or a major shift in macro sentiment will be required.

這些信號表明，市場仍然處於強烈的看跌控制之中，幾乎沒有跡象表明在短期內逆轉。但是，要使比特幣恢復到90,000美元，將需要強勁的機構流入或宏觀情緒的重大轉變。

Bitcoin ETF Outflows Signal Institutional Weakness

比特幣ETF流出信號機構無力

比特幣ETF流出信號機構無力

BTC ETFs were a major catalyst for the token's historic rally, pulling in over $40 billion in net inflows throughout 2024. However, the tide is now turning.

BTC ETF是代幣歷史性集會的主要催化劑，在整個2024年吸引了超過400億美元的淨流入。但是，現在的潮流正在發生。

On February 25, Bitcoin ETFs recorded a staggering $937.9 million in net outflows, followed by another $754.6 million the next day.

2月25日，比特幣ETFS的淨流出量驚人的9.379億美元，隨後第二天再獲得7.546億美元。

Fidelity's Wise Origin Bitcoin Fund (FBTC) and BlackRock's iShares Bitcoin Trust (IBIT) led the sell-off, with IBIT alone losing $418.1 million.

Fidelity的明智起源比特幣基金（FBTC）和BlackRock的Ishares Bitcoin Trust（IBIT）領導了拋售，僅IBIT損失了4.181億美元。

This shift is crucial because ETF issuers hold actual BTC, so when investors withdraw, they sell Bitcoin to cover redemptions, adding direct selling pressure to the market.

這種轉變至關重要，因為ETF發行人擁有實際的BTC，因此當投資者退出時，他們出售比特幣以覆蓋贖回，從而向市場增加了直接的銷售壓力。

As the ETF-based "basis trade" loses appeal, institutions are either cashing out or reallocating capital towards safer assets.

由於基於ETF的“基礎貿易”失去上訴，機構要么兌現或將資本重新分配給更安全的資產。

Cryptocurrency analyst Neil Roarty from ClickOut Media explains that the trend reflects shifting sentiment rather than a complete abandonment of Bitcoin.

Clickout Media的加密貨幣分析師Neil Roarty解釋說，這種趨勢反映了不斷變化的情緒，而不是完全放棄比特幣。

"The launch of Bitcoin spot ETFs in the U.S. a little over a year ago was seen as a major driver of BTC's remarkable price growth in 2024, and we’re already seeing retracement as institutional investors search for safer havens. Does this mean the party’s over? Not necessarily. The entire equities market is also taking a battering as consumer confidence plummets and fears of an international trade war rise."

“一年多以前在美國推出了比特幣斑點ETFS是BTC在2024年出色的價格增長的主要驅動力，而且隨著機構投資者尋找更安全的天堂，我們已經看到了回顧。這是否意味著該黨的避風港。不一定是嗎？不一定。整個公益市場也將撞車者的信心置於消費者的信心，並以國際貿易的恐懼恐懼。''

The ETF net inflow chart from Glassnode supports this shift. After a long stretch of strong inflows, the last few weeks have seen persistent outflows, which coincides with Bitcoin's decline.

玻璃節的ETF淨流入圖支持這一轉變。經過很長的強勁流入，過去幾週的流出持續了流出，這與比特幣的下降相吻合。

If institutions continue exiting at this scale, Bitcoin could face extended selling pressure, potentially dragging prices toward $70,000 or lower.

如果機構繼續以這種規模退出，則比特幣可能面臨巨大的銷售壓力，可能會將價格拖到70,000美元或更低。

Strengthening U.S. Dollar Adds Another Headwind For Bitcoin

加強美元增加了比特幣的另一個逆風

加強美元增加了比特幣的另一個逆風

Bitcoin's struggles are deepening as the U.S. dollar shows signs of strength, maintaining its historically inverse correlation with BTC.

隨著美元顯示出力量的跡象，比特幣的鬥爭正在加深，並保持其與BTC的歷史相關性。

The BTC vs. DXY chart from Glassnode shows a clear pattern: nearly every major Bitcoin rally coincided with a weakening dollar, while each sharp decline aligned with a period of dollar strength.

玻璃節的BTC與DXY圖表顯示了一個清晰的模式：幾乎所有主要的比特幣集會都與美元疲軟相吻合，而每個急劇下降都與一段時間的美元強度一致。

The current situation mirrors past downturns, with the dollar rising and Bitcoin facing sustained selling pressure. The DXY index is currently trading above 113, reflecting increased demand for U.S. assets, and the 10-year Treasury yield is also pushing higher.

當前的情況反映出過去的低迷，美元上升和比特幣面臨持續的銷售壓力。 DXY指數目前的交易量超過113，反映了對美國資產的需求增加，而10年的財政收益率也提高了。

As macro uncertainty deepens, investors are pivoting towards safer dollar-based investments, decreasing Bitcoin's appeal in a risk-off environment.

隨著宏觀不確定性的加深，投資者正在向基於美元更安全的投資旋轉，從而降低了比特幣在風險環境中的吸引力。

Moreover, market analyst Milad Azar from XTB MENA highlighted recent economic reports that are fueling the dollar's strength.

此外，來自XTB MENA的市場分析師Milad Azar強調了最近的經濟報告，這些報告助長了美元的實力。

In a note to CoinChapter, Azar noted that a sharp decline in consumer confidence and mixed PMI numbers have raised concerns over economic growth, ultimately reinforcing the dollar's dominance in global markets.

阿扎爾（Azar）在對Coinchapter的一份說明中指出，消費者信心和混合PMI數字的急劇下降引起了人們對經濟增長的關注，最終增強了美元在全球市場中的統治地位。

These conditions are creating a two-fold problem for Bitcoin. A stronger dollar directly weakens Bitcoin's appeal, especially as rising Treasury yields offer guaranteed returns, making BTC's volatility less attractive.

這些條件正在為比特幣造成兩個折疊問題。一美元的一美元直接削弱了比特幣的吸引力，尤其是隨著國庫產量的上升提供保證的回報，使BTC的波動性吸引力降低了。

With yields above 4.3 percent, investors seeking stability choose traditional assets like bonds over speculative cryptocurrencies. At the same time, global macro jitters are pressuring broader risk sentiment, further affecting Bitcoin in a correlated manner.

收益率超過4.3％，尋求穩定的投資者選擇傳統資產，例如債券而不是投機加密貨幣。同時，全球宏觀震撼力正在壓迫更廣泛的風險情緒，以相關的方式進一步影響比特幣。

Furthermore, Senior Research Strategist at Pepperstone Michael Brown highlighted how economic uncertainty affects investor behavior.

此外，Pepperstone的高級研究策略師Michael Brown強調了經濟不確定性如何影響投資者的行為。

In a note to CoinChapter, Brown pointed out that jitters over the U.S

布朗在一張匯總的筆記中指出，在美國震撼人心