今天比特幣 (BTC) 價格跌至近 95,000 美元

12 月 26 日星期四晚上，比特幣價格在 95,000 美元附近波動，在不到 24 小時內損失了近 5% 的價值。

Bitcoin prices were seen hovering near the $94,000 level on Thursday evening, December 26, after losing almost 5% of their value in less than 24 hours.

12 月 26 日星期四晚上，比特幣價格徘徊在 94,000 美元附近，但在不到 24 小時內損失了近 5% 的價值。

The world’s top digital currency dropped to as low as $94,083.93 earlier in the day, Coinbase data from TradingView showed.

TradingView 的 Coinbase 數據顯示，當天早些時候，全球頂級數位貨幣跌至 94,083.93 美元。

The cryptocurrency began declining from levels of around $99,900 on Christmas Day, according to additional Coinbase figures from TradingView.

根據 TradingView 的 Coinbase 數據，該加密貨幣在聖誕節當天開始從 99,900 美元左右的水平開始下跌。

As a result, the digital asset depreciated roughly 4.8% in a matter of hours.

結果，數位資產在幾個小時內貶值了約 4.8%。

After falling to this level, bitcoin recovered somewhat, but was still trading between $94,000 and $95,000 at the time of this writing.

在跌至這一水平後，比特幣有所回升，但在撰寫本文時仍在 94,000 美元至 95,000 美元之間交易。

Several potential causal factors were highlighted by analysts as they attempted to explain the cryptocurrency’s recent drop.

分析師在試圖解釋加密貨幣最近的下跌時強調了幾個潛在的因果因素。

Lackluster Trading Volume

交易量低迷

One development that market observers pointed to repeatedly was low trading volume, which made it easier for bitcoin to experience more exaggerated price movements.

市場觀察家一再指出的一項發展是交易量低，這使得比特幣更容易經歷更誇張的價格波動。

“With both Christmas and New Year’s falling smack in the middle of two consecutive weeks this year, markets are looking at a more extended period of holiday low volume than usual,” said Tim Enneking, managing partner of Psalion, in emailed comments.

Psalion 管理合夥人 Tim Enneking 在電子郵件評論中表示：“今年連續兩週恰逢聖誕節和新年，市場預計假期成交量將比平時更長。”

“Low volume frequently results in greater volatility as smaller order sizes can have an outsized impact,” he stated.

他表示：“成交量低往往會導致更大的波動，因為較小的訂單規模可能會產生巨大的影響。”

Lackluster trading activity seems to be a typical occurrence this time of year, according to Alex Lin, cofounder and general partner at venture capital firm Reforge, who described it as a “common phenomenon” through input submitted through email.

創投公司 Reforge 的聯合創始人兼普通合夥人 Alex Lin 表示，交易活動低迷似乎是每年這個時候的常見現象，他透過電子郵件提交的意見將其描述為「普遍現象」。

TradingView Malfunction

交易視圖故障

Amid this environment of reduced trading volume, several market observers pointed to an apparent malfunction on the TradingView website as contributing to bitcoin’s recent decline.

在交易量減少的環境下，一些市場觀察家指出，TradingView 網站的明顯故障導致了比特幣近期的下跌。

The situation, which Cointelegraph reported on earlier, resulted in the website temporarily stating that bitcoin dominance, meaning its share of the total cryptocurrency market, fell to zero.

Cointelegraph 早些時候報導了這種情況，導致該網站暫時聲明比特幣的主導地位（這意味著它在整個加密貨幣市場中的份額）降至零。

Marc P. Bernegger, cofounder of crypto fund of funds AltAlpha Digital, commented on this situation via email.

加密貨幣母基金 AltAlpha Digital 聯合創始人 Marc P. Bernegger 透過電子郵件對此情況發表了評論。

“The latest fluctuations in Bitcoin price, dropping to around $94,000 from near $100,000, appear to have been influenced by a glitch on TradingView,” he stated.

「比特幣價格的最新波動，從近 10 萬美元跌至 94,000 美元左右，似乎受到 TradingView 故障的影響，」他說。

“This error falsely displayed Bitcoin's dominance at 0%, leading to a panic among traders and subsequent market volatility. This resulted in significant liquidations, with around $33 million in Bitcoin longs being liquidated over a few hours,” Bernegger added.

「這個錯誤錯誤地顯示了比特幣在 0% 的主導地位，導致交易者恐慌以及隨後的市場波動。這導致了大規模的清算，大約 3300 萬美元的比特幣多頭在幾個小時內被清算。

Lin also mentioned this particular development.

林也提到了這一特殊的發展。

“There was also an untimely glitch on TradingView where Bitcoin's dominance indicator dropped to 0% which may have triggered additional outflows,” he stated.

「TradingView 也出現了一個不合時宜的故障，比特幣的主導地位指標跌至 0%，這可能引發了額外的資金外流，」他說。

“So the panic selling from the technical error into a low liquidity environment, amplified by strategic profit-taking after a relatively positive year and major institutional movements of $338mn in BTC ETF outflows on Christmas Eve are the most likely catalysts for the retreat in the last 24 hours,” the analyst added.

「因此，技術錯誤導致的恐慌性拋售進入了低流動性環境，加上在相對積極的一年之後的戰略性獲利回吐以及平安夜BTC ETF 流出3.38 億美元的重大機構變動，這些都是最有可能導致股市回落的催化劑。

Kailas Offers Contrasted View

Kailas 提供對比鮮明的景觀

George Kailas, CEO of Prospero.ai, offered a different perspective on what caused bitcoin’s recent price declines, choosing to focus on a short list of factors.

Prospero.ai 執行長 George Kailas 對於比特幣近期價格下跌的原因提出了不同的觀點，他選擇專注於一小部分因素。

“I believe what we are seeing here is two things,” he stated via email, the first being “A natural correction on an asset that moved about as fast upwards as you can expect anything to move.”

「我相信我們在這裡看到的是兩件事，」他透過電子郵件表示，第一件事是「資產的自然修正，其向上移動的速度與你可以預期的任何東西的移動速度一樣快。 」

“To that end, one of the reasons I believe these swings are so wild is the disjointed nature of policy expectations without policy,” he stated, helping flesh out his views on the subject.

「為此，我認為這些波動如此劇烈的原因之一是沒有政策的政策預期的脫節性質，」他說道，並幫助充實了他對這個問題的看法。

“There has been a huge run on the expectation of an American president more friendly to Crypto than any we've seen by far,” said Kailas.

Kailas 表示：“人們對美國總統的期望比我們迄今為止所見過的任何一位對加密貨幣都更加友好。”

“But these are just expectations, even with a fair expectation of policies being quite friendly towards Crypto, the policies do not exist yet,” he noted.

「但這些只是期望，即使有對加密貨幣相當友好的政策的公平期望，這些政策還不存在，」他指出。

“So there firstly has to be some probability of downside baked into some promises not coming to fruition,” the analyst emphasized.

這位分析師強調：“因此，首先，一些承諾未能兌現，必然存在一定的下行可能性。”

“And also, it will be difficult for the market to figure out what a fair price for the impact of these policies are even when they are enacted.”

“而且，即使這些政策頒布，市場也很難弄清楚這些政策的影響的合理價格是多少。”

“But at least when they are policies vs expectations of policy they can be figured out by the market in actuality vs layers of speculation,” he stressed.

「但至少當它們是政策與政策預期時，它們可以由市場在現實中與層層投機中弄清楚，」他強調。

Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether, EOS and SOL.

揭露：我擁有一些比特幣、比特幣現金、萊特幣、以太幣、EOS 和 SOL。