比特幣（BTC）的價格滑倒，隨著金色集會，交易者眼睛更深的更正

本週比特幣（BTC）的價格失去了看漲的動力，高達88,060美元下降了7％

Bitcoin (BTC) lost bullish momentum this week, falling 7% from a high of $88,060 on March 26 to $82,036 by March 29.

比特幣（BTC）本週失去了看漲的勢頭，從3月26日的88,060美元的高點下降到3月29日的82,036美元。

The cryptocurrency slid as traders assessed the lack of follow-through in Bitcoin’s attempt to break $90,000, an event that would have generated interest from new market participants.

由於交易者評估了比特幣試圖打破90,000美元的企圖，這一事件將引起新市場參與者的興趣，因此加密貨幣的滑倒不足。

That move also wiped out $158 million in long liquidations, highlighting the fragility of both spot and derivatives markets in the face of macroeconomic shifts.

這一舉動還消除了長期清算的1.58億美元，突出了面對宏觀經濟轉變的範圍和衍生品市場的脆弱性。

Meanwhile, gold surged to a record $3,087 on March 28, adding pressure to Bitcoin’s “digital gold” narrative.

同時，Gold在3月28日飆升至創紀錄的3,087美元，給比特幣的“數字黃金”敘述增加了壓力。

The decoupling between Bitcoin and traditional hedges triggered concerns among market participants.

比特幣與傳統對沖之間的分離引起了市場參與者的關注。

Koroush AK, a trader and researcher, said Bitcoin formed another lower high—the sixth in 2025—describing the recent rally as a “dead cat bounce.”

商人和研究人員Korfh Ak說，比特幣在2025年的第六名中形成了另一個高級，將最近的集會描述為“死貓彈跳”。

He noted Bitcoin failed to close above $90,000 for five consecutive days. he posted on March 28,

他指出，比特幣連續五天未能收盤90,000美元。他於3月28日發布

“Price failed to reach $90K this week after trying for 5 days in a row.”

“價格連續5天后本週未能達到$ 90K。”

Long-term Holders Remain Sidelined as Inflows Dry Up

長期持有人隨著流入枯竭

On-chain metrics support the bearish tone. Data from CryptoQuant shows long-term holders have paused accumulation since Nov. 2024.

鏈上指標支持看跌語調。來自加密量的數據顯示，自2024年11月以來，長期持有人已經停止了積累。

Ali, a market analyst, flagged this on Mar. 30, warning that a reactivation of these wallets may indicate a shift in market direction.

市場分析師阿里（Ali）於3月30日標記了這一點，警告說，這些錢包的重新激活可能表明市場方向發生了變化。

According to Ali,

根據阿里的說法

“Long-term #Bitcoin $BTC holders have been on pause since November 2024…Their return could mark a major trend shift.”

“自2024年11月以來，長期#bitcoin $ btc持有人一直在暫停……他們的回歸可能標誌著重大趨勢轉變。”

At the same time, exchange inflows are declining, suggesting reduced investor participation. Lower inflows typically precede large price moves, although the direction remains uncertain.

同時，交換流入正在下降，這表明投資者參與減少。儘管方向仍然不確定，但較低的流入通常在大幅度移動之前。

Analysts Highlight Bearish Targets as Macro Outlook Worsens For BTC Price

分析師突出了看跌目標，因為宏觀前景因BTC價格惡化

Altcoin Sherpa described the current structure on the weekly chart as a confirmed bear market. The price could fall to the $50,000–$60,000 zone depending on how macroeconomic conditions evolve.

Altcoin Sherpa將每週圖表上的當前結構描述為確認的熊市。根據宏觀經濟狀況的發展，價格可能會降至50,000至60,000美元的區域。

The analyst noted, in an update on March 29,

分析師在3月29日的更新中指出

“We see periods of chop but still a bearish trend.”

“我們看到了切碎的時期，但仍然是看跌趨勢。”

Crypto Capo outlined a similar outlook, stating that BTC price remains at risk of falling to $62,000.

Crypto Capo概述了類似的前景，稱BTC價格仍處於跌至62,000美元的風險。

In his view, a close below the $84,000–$85,000 range would likely trigger capitulation toward April and Nov. 2024 support levels.

他認為，低於$ 84,000- $ 85,000的近低於$ 85,000的範圍可能會引發2024年4月和11月的支持水平。

ETF Outflows, Inflation Data Compound Selling Pressure

ETF流出，通貨膨脹數據複合銷售壓力

On March 28, Bitcoin spot exchange-traded funds (ETFs) recorded $93 million in net outflows.

3月28日，比特幣現貨交易所交易基金（ETFS）記錄了9300萬美元的淨流出。

The timing coincided with rising fears of a recession and delayed rate cuts by the U.S. Federal Reserve.

時間安排恰逢美國美聯儲對經濟衰退和降級降低稅率的延遲。

The CME FedWatch tool shows a 50% chance of interest rates dropping below 4% by July 30, up from 46% a month earlier.

CME FedWatch工具顯示，到7月30日，利率的機會降至4％以下50％，高於一個月前46％。

While easing could help risk assets, recent ETF flows suggest large players remain cautious.

儘管放鬆可能有助於風險資產，但最近的ETF流動表明，大型玩家仍然謹慎。

The U.S. dollar index (DXY) dropped to 104 from 107.4 a month prior. Despite this, Bitcoin failed to capitalize, diverging from the historical pattern where a weaker dollar boosts crypto.

美元指數（DXY）從一個月前的107.4降至104。儘管如此，比特幣仍未大寫，與較弱的美元增加加密貨幣的歷史模式不同。

Liquidity Hopes Emerge, But Bulls Stay Quiet

流動性希望出現，但公牛保持安靜

Mihaimihale, a market commentator on X, said the U.S. government may introduce tax cuts and lower interest rates to offset slowing growth.

X上的市場評論員Mihaimihale表示，美國政府可能會引入減稅和降低利率，以抵消增長放緩。

However, he added that last year’s expansion was largely driven by government spending—something unlikely to repeat.

但是，他補充說，去年的擴張在很大程度上是由政府支出驅動的，這不太可能重複。

He posted,

他張貼了，

“Kickstarting the economy now needs real liquidity, not policy optics.”

“開始經濟現在需要真正的流動性，而不是政策光學。”

Still, some see room for recovery if central banks shift policy. Alexandre Vasarhelyi, founding partner at B2V Crypto, said Bitcoin remains in its adoption phase and that volatility reflects early-stage growth. He said,

儘管如此，如果中央銀行轉移政策，有些人仍然會看到恢復的空間。 B2V Crypto的創始合作夥伴Alexandre Vasarhelyi表示，比特幣仍處於採用階段，波動性反映了早期的增長。他說，

“Whether Bitcoin’s floor is $77,000 or $65,000 matters little…2025 is still a foundation year, not a tipping point.”

“比特幣的地板是$ 77,000還是65,000美元，這幾乎沒有……2025年仍然是基礎一年，而不是轉折點。”

Bitcoin price failed push past $90K, combined with inactive long-term holders and rising macro pressure, raises the odds of a breakdown.

比特幣價格失敗了，超過了$ 90k，再加上不活動的長期持有人和宏觀壓力的上升，這增加了故障的機率。

While traders eye $62K as the next major support, any renewed buying from long-term holders or central bank dovishness could change that outlook.

雖然交易者將62K的價格視為下一個主要支持，但從長期持有人或中央銀行的任何新購買都可以改變這種前景。