比特幣（BTC）的價格因風險情緒持有而面臨著鮮明的下跌

比特幣價格在全球市場中佔據了風險情緒，因此面臨著顯著的下跌，從而導致風險資產大量拋售。

Bitcoin price slid further on Wednesday as risk-off sentiment pushed up traders’ selloffs on major risk assets, with the world’s no.1 cryptocurrency token dipping below $88,000.

比特幣價格在周三進一步滑行，因為風險情緒推動了交易者對主要風險資產的拋售，全球第一的加密貨幣代幣下降到88,000美元以下。

Bitcoin dropped more than 8 percent for a second day of steep losses, to as low as $88,164 during Wednesday’s session. This took the token to its lowest level since November 15, with the token last changing hands at 88,843 at the time of press.

比特幣在第二天的巨額損失中下降了8％以上，在周三的會議上低至88,164美元。這將令牌提升到了11月15日以來的最低水平，在新聞發佈時，代幣的最後一隻手手為88,843。

Bitcoin price is now down nearly 20 percent from its peak following Trump’s inauguration on January 20. Meanwhile, other major cryptocurrencies, including Ethereum, Cardano and Solana, fell more than 10 percent in the same period.

在特朗普於1月20日就職典禮後，比特幣的價格現在比其高峰下跌了近20％。與此同時，其他主要加密貨幣，包括以太坊，卡丹諾和索拉納，同期下降了10％以上。

Crypto prices slide further amid broader risk-off mood

加密價格在更廣泛的風險情緒中進一步滑動

Cryptocurrencies were on the mend after a sharp downturn that was largely seen as being driven by worsening U.S. economic data.

加密貨幣在急劇下滑之後，這很大程度上被認為是由於美國經濟數據惡化而驅動的。

Trump’s escalating tariff threats and a series of political developments also heightened uncertainties in the financial markets. In addition, a major cryptocurrency hack targeted at Dubai-based exchange Bybit.

特朗普的關稅威脅和一系列政治發展也在金融市場上加劇了不確定性。此外，針對基於迪拜的交易所BYBIT的主要加密貨幣黑客。

The world’s no.1 cryptocurrency token slid further on Wednesday as risk-off sentiment pushed up traders’ selloffs on major risk assets.

週三，隨著風險情緒推動了交易者對主要風險資產的拋售，世界排名第一的加密貨幣代幣在周三進一步滑行。

Bitcoin dropped more than 8 percent for a second day of steep losses, to as low as $88,164 during Wednesday’s session. This took the token to its lowest level since November 15, with the token last changing hands at 88,843 at the time of press.

比特幣在第二天的巨額損失中下降了8％以上，在周三的會議上低至88,164美元。這將令牌提升到了11月15日以來的最低水平，在新聞發佈時，代幣的最後一隻手手為88,843。

Bitcoin price is now down nearly 20 percent from its peak following Trump’s inauguration on January 20.

1月20日特朗普就職典禮後，比特幣價格現在比其頂峰下跌了近20％。

Meanwhile, other major cryptocurrencies, including Ethereum, Cardano and Solana, fell more than 10 percent in the same period.

同時，其他主要加密貨幣（包括以太坊，卡丹諾和索拉納）在同一時期下降了10％以上。

Crypto prices seen seeking fresh catalyst for enthusiasm

加密價格看到尋求新鮮催化劑的熱情

The crypto market is now seen waiting for fresh catalysts to spark more interest in digital assets.

現在看到加密市場正在等待新鮮的催化劑對數字資產產生更多的興趣。

The U.S. technology sector, which usually trades closely with crypto, also came under pressure on Wall Street. Tesla’s shares slid more than 8 percent after reports that the firm’s car sales in Europe were nearly halved last month, impacting the broader sector.

美國技術領域通常與加密貨幣緊密交易，在華爾街承受著壓力。特斯拉的股票下跌了8％以上，此前有報導稱該公司在歐洲上個月的汽車銷售幾乎減半，影響了更廣泛的行業。

Attention will also be on Nvidia’s upcoming earnings report.

NVIDIA即將發布的收益報告也將注意。

Recent U.S. economic data showed that consumer confidence dropped to its most significant decline since August 2021.

美國最近的經濟數據表明，自2021年8月以來，消費者的信心下降到最大的下降。

The steeper-than-expected drop in confidence signaled a weakened economic outlook amid Trump’s series of tariff announcements, largely affecting the U.S.’s two largest trading partners, Mexico and Canada.

在特朗普的一系列關稅公告中，信心下降的幅度較高，這表明經濟前景削弱了，這在很大程度上影響了美國兩個最大的貿易夥伴墨西哥和加拿大。

Signs of a return in inflation, alongside the Fed’s hawkish stance, also contributed to the souring sentiment.

與美聯儲的鷹派立場一起，通貨膨脹回報的跡像也導致了酸味的情緒。

Global markets seen in risk-off mode

在風險模式下看到的全球市場

The risk-off attitude was evident across all major asset classes on Tuesday, with equities trading lower, oil prices slipping, gold pulling back and the U.S. dollar coming under pressure.

在周二所有主要資產類別的所有主要資產類別中，風險態度都很明顯，股票交易較低，石油價格下滑，退縮金和美元承受壓力。

Government bond yields came down sharply, with the U.S. 10-year Treasury yield sliding to its lowest point since mid-December last year.

政府債券的收益率急劇下降，美國10年的國庫收益率下降至去年12月中旬以來的最低點。

Gov bonds are typically seen as safe-haven assets, and their yields move inversely to bond prices.

政府債券通常被視為避風港資產，其收益率呈現為債券價格。

The sell-off in equities saw the Nasdaq 100 index slide to its worst four-day drop since September.

自9月以來，股票中的拋售使納斯達克100指數滑梯跌至最糟糕的四天下降。

This occurred as a series of disappointing economic reports and pessimistic outlooks from major companies, like Nvidia and Peloton, soured investor sentiment.

這是由於Nvidia和Peloton等主要公司的一系列令人失望的經濟報告和悲觀的看法發生的。

But, with a bulk of the recent bad news priced into the market and good news expected in the coming days, investors started rotating out of bonds and back into equities.

但是，隨著最近有很多壞消息納入市場的壞消息，並且預計未來幾天的好消息，投資者開始旋轉債券並重新回到股票中。

The selloff in 10-year Treasury yields, which reached a five-session low, also pushed up traders to prefer stocks over bonds.

十年期財政收益率的拋售達到了五階段的低位，也推動了交易者更喜歡股票而不是債券。

ETFs investors step back from crypto

ETFS投資者從加密貨幣退後一步

Investors in exchange-traded funds (ETFs), who previously drove the post-election surge in cryptocurrencies, pulled back.

以前推動了加密貨幣大選後激增的交易所交易基金（ETF）的投資者退縮了。

The iShares Bitcoin Trust ETF (ticker IBIT), the largest spot bitcoin fund, saw a record-breaking outflow of $158 million on Monday.

最大的現貨比特幣基金（Ishares Bitcoin Trust ETF（Ticker Ibit））是最大的現貨比特幣基金，週一看到了創紀錄的1.58億美元流出。

The Fidelity Wise Origin Bitcoin Fund, the third-largest ETF withdrawal, saw nearly $250 million in outflows.

Fidelity Wise Origin Bitcoin Fund是第三大ETF撤離，有近2.5億美元的外流。

In total, over $956 million was pulled from U.S.-listed spot bitcoin ETFs in February, making it the worst month on record for the category, according to Bloomberg Intelligence data.

根據彭博情報數據的數據，總共從美國上市的現貨比特幣ETF中撤出了超過9.56億美元，這使其成為該類別中最糟糕的月份。

The bullish positions on cryptocurrencies were also massively liquidated over the past two days, to the tune of $815.8 million and $860 million, according to Coinglass.

根據Coinglass的數據，在過去的兩天中，對加密貨幣的看漲立場也被大量清算，總計8.158億美元和8.6億美元。

Perpetual futures, which are more preferred by offshore investors due to their limited availability in the U.S. market, saw a decrease in leveraged long positions.

永久未來由於其在美國市場的有限供應而受到近海投資者更喜歡的期貨，因此槓桿率較長的頭寸有所下降。

Crypto industry setbacks sour sentiment

加密行業挫折酸味情緒

Overall sentiment was also dampened by recent setbacks in

最近的挫折也削弱了總體情緒