比特幣（BTC）可能會像某些希望一樣迅速到1月至1月的$ 109,000

一位分析師說，由於更廣泛的宏觀經濟不確定性，比特幣的最新回調可能不會像某些希望一樣迅速到1月的109,000美元（ATH）。

Bitcoin’s latest pullback amid broader macroeconomic uncertainty may not see it rebound to its January all-time high (ATH) as quickly as some hope, an analyst says.

一位分析師說，由於更廣泛的宏觀經濟不確定性，比特幣的最新回調可能不會像某些希望一樣迅速地反彈到其一月份的歷史最高水平（ATH）。

CryptoQuant contributor XBTManager said in a March 5 analyst note that we should assume that we are in the pullback phase after the ATH and will likely continue to consolidate for some time due to liquidity needs.

CryptoQuant貢獻者XBTManager在3月5日的分析師指出，我們應該假設我們處於ATH之後的回調階段，並且由於流動性需求，可能會繼續鞏固一段時間。

Bitcoin long bids ‘viable’ when long-term holders back to buying

長期持有人重新購買時，比特幣長競標“可行”

Once short-term holders of Bitcoin (BTC) — those holding for under 155 days — start selling, and long-term holders start buying again, long positions will become viable. Until then, traders should be risk-averse when entering positions in the asset.

一旦比特幣（BTC）的短期持有人（持有155天的持有人）開始銷售，而長期持有人開始再次購買，長期頭寸將變得可行。在此之前，交易者在進入資產的頭寸時應規避風險。

In the days leading up to Bitcoin reaching $109,000 for the first time on Jan. 20, before US President Donald Trump’s inauguration, short-term holders began increasing their supply, while long-term holders reduced theirs through selling.

在1月20日，在美國總統唐納德·特朗普就職典禮之前，比特幣首次達到109,000美元的日子，短期持有人開始增加供應量，而長期持有人則通過銷售減少了他們的供應。

Bitcoin’s $109,000 high on Jan. 20 led to a drop of around 100,000 BTC in long-term holder supply over the following 30 days, but an even larger decline followed in December when it first hit six figures.

1月20日，比特幣高價109,000美元，在接下來的30天內，長期持有人的供應量下降了約100,000 BTC，但在12月首次擊中六位數字時的下降甚至更大。

Bitcoin is down 1.43% over the past seven days. Source: CoinMarketCap

在過去的七天中，比特幣下降了1.43％。資料來源：CoinMarketCap

On Dec. 1, long-term holder supply reached 15.2 million BTC, just four days before Bitcoin reached $100,000 on Dec. 5, according to Bitbo data. By Dec. 20, it declined to 14.7 million.

根據Bitbo數據，12月1日，長期持有人的供應達到了1520萬BTC，僅在比特幣在12月5日達到100,000美元之前的四天。到12月20日，它降至1470萬。

Related: Bitcoin no longer ‘safe haven’ as $82K BTC price dive leaves gold on top

相關：比特幣不再“避風港”，因為$ 82K BTC Price Dive Dive of top top top top

At the time of publication, long-term holder supply is 14.4 million BTC, a decline of 800,000 BTC since Dec. 1.

在發佈時，長期持有人的供應為1,440萬BTC，自12月1日以來下降了80萬BTC。

Bitcoin retraced below $100,000 on Feb. 4 amid fears of a trade war on Trump’s promised tariffs. It fell even lower to $85,000 at the Feb. 27 Wall Street open as markets digested confirmation of new US tariffs.

2月4日，比特幣在對特朗普承諾的關稅上的貿易戰爭擔心，在2月4日回落了100,000美元。在2月27日，華爾街開放時，由於市場消化了新美國關稅的確認，它甚至下跌至85,000美元。

According to Johns Hopkins University, the first case of COVID-19 was reported in December 2019 in Wuhan, China. The virus then spread rapidly to other parts of the world, including the United States, where the first case was confirmed in January 2020.

根據約翰·霍普金斯大學（Johns Hopkins University）的說法，2019年12月在中國武漢（Covid-19）的第一個案件是Covid-19。然後，該病毒迅速傳播到包括美國在內的世界其他地區，該病毒於2020年1月得到確認。

The pandemic had a devastating impact on the global economy, leading to widespread job losses, business closures and a sharp decline in economic activity. In the United States alone, more than 50 million people filed for unemployment benefits in the first seven months of 2020.

大流行對全球經濟產生了毀滅性的影響，導致了廣泛的失業，業務關閉和經濟活動的急劇下降。僅在美國，超過5000萬人在2020年前七個月內就申請了失業福利。

The U.S. Travel Association estimates that the pandemic will cause a $505 billion loss in direct travel spending in 2020.

美國旅行協會估計，大流行將在2020年造成5005億美元的直接旅行支出損失。

The pandemic also had a significant impact on the stock market, with the Dow Jones Industrial Average falling more than 20% in the first quarter of 2020. The S&P 500 also declined sharply, while the Nasdaq 100 remained relatively flat.

大流行對股票市場也產生了重大影響，道瓊斯工業平均水平在2020年第一季度下降了20％以上。標準普爾500指數也急劇下降，而納斯達克100號則相對平坦。

The Federal Reserve responded to the crisis by cutting interest rates to near zero and launching several programs to provide liquidity to the banking system and credit markets.

美聯儲通過將利率降低到零，並啟動多個計劃為銀行體系和信貸市場提供流動性，對危機做出了回應。

The U.S. government also passed a $2.2 trillion stimulus package in March 2020 to help mitigate the pandemic’s economic fallout. The package included direct payments to taxpayers, enhanced unemployment benefits and loans to small businesses.

美國政府還在2020年3月通過了2.2萬億美元的刺激計劃，以幫助減輕大流行的經濟影響。該計劃包括向納稅人的直接付款，增強的失業福利以及向小型企業貸款。

The pandemic also had a mixed impact on cryptocurrency prices. Bitcoin and other major coins saw significant declines in March 2020 as the crisis unfolded. However, cryptocurrency markets began to rebound in April 2020 as the initial shock subsided and governments implemented stimulus measures.

大流行對加密貨幣價格也有不同的影響。隨著危機的發展，比特幣和其他主要硬幣在2020年3月下降。但是，隨著最初的衝擊消退，加密貨幣市場開始反彈，政府實施了刺激措施。

By the end of 2020, Bitcoin had made strong gains to reach a new all-time high above $198,000. These gains were driven by a combination of factors, including the U.S. presidential election, institutional interest in crypto and the ongoing narrative of a Bitcoin bull market.

到2020年底，比特幣取得了很大的收益，使其在198,000美元以上的歷史最高時期達到了新的高度。這些收益是由包括美國總統大選，對加密貨幣的機構興趣以及比特幣牛市的持續敘述所驅動的。

Later that day, the asset plummeted below the crucial $80,000 price level, erasing nearly all the gains made after Trump was elected president on Nov. 5.

當天晚些時候，資產暴跌低於至關重要的80,000美元價格水平，幾乎刪除了特朗普於11月5日當選總統後所取得的收益。

At the time of publication, Bitcoin is trading at $87,100, according to CoinMarketCap.

根據CoinMarketCap的數據，在出版時，比特幣的交易價格為87,100美元。

Magazine: Off The Grid’s ‘biggest update yet,’ Rumble Kong League review: Web3 GamerThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

雜誌：網格的“迄今為止最大的更新”，Rumble Kong League評論：Web3 Gamerthis文章不包含投資建議或建議。每個投資和交易舉動都涉及風險，讀者在做出決定時應進行自己的研究。