比特幣（BTC）波動率接近週期高點

在美國總統唐納德·特朗普（Donald Trump）一月份上任之後，矛盾的看漲和看跌信號達到了頂峰，該信號在令人眼花

The recent volatility in Bitcoin's (BTC) price has been attributed to several factors, including the looming trade war and the planned US cryptocurrency stockpile. According to data from TradingView and Glassnode, Bitcoin's volatility is approaching cycle highs.

比特幣（BTC）價格最近的波動率歸因於幾個因素，包括迫在眉睫的貿易戰和計劃中的美國加密貨幣庫存。根據TradingView和GlassNode的數據，比特幣的波動率接近週期高點。

The conflicting bullish and bearish signals, which peaked after US President Donald Trump took office in January, have sent crypto prices on a dizzying ride, the data shows.

數據顯示，在美國總統唐納德·特朗普（Donald Trump）在一月份上任之後達到頂峰的看漲和看跌信號均達到頂峰。

"As demonstrated by the intense whipsaw in price action, this has led to very turbulent conditions over the last two weeks against a backdrop of an uncertain political environment," Glassnode said in a March research note.

格拉斯諾德（Glassnode）在3月的一份研究報告中說：“正如價格行動中強烈的鞭子所證明的那樣，在過去的兩個星期中，這導致了不確定的政治環境的背景下的動盪條件。”

Bitcoin's realized volatility — one measure of daily price variations — has "recorded some of the highest volatility values of the cycle so far, exceeding 80% on one- and two-week time-scales and remaining in the mid-70% range on longer time-scales," according to Glassnode.

玻璃節數字。

Meanwhile, the digital currency's average true range (ATR), another volatility measure, has reached cycle highs of more than 4,900, up from around 3,000 in late February, according to data from TradingView.

同時，根據TradingView的數據，數字貨幣的平均真實範圍（ATR）是另一項波動率的措施，已達到4,900多個週期高點，高於2月下旬的3,000多個左右。

As of March 5, BTC is down nearly 30% from December highs of around $109,000, the cryptocurrency's highest-ever spot price. Altcoins Ether (ETH) and Solana (SOL) are both down more than 50% off highs, Glassnode said.

截至3月5日，BTC比十二月高點約109,000美元（加密貨幣的最高現貨價格）下降了近30％。 GlassNode說，AltCoins Ether（ETH）和Solana（Sol）的高點均下降了50％以上。

President Trump announced on March 4 that he would be imposing 25% tariffs against Canada and Mexico, the United States' largest trading partners.

特朗普總統在3月4日宣布，他將對美國最大的貿易夥伴加拿大和墨西哥徵收25％的關稅。

The bearish news was a bait-and-switch for traders who grew optimistic after Trump tipped plans on March 2 to create a US crypto reserve holding tokens ranging from BTC and ETH to XRP (XRP) and Cardano (ADA).

看跌新聞是一個誘餌和開關，對於特朗普於3月2日提出計劃以創建了一個美國加密儲備的計劃，持有從BTC和ETH到XRP（XRP）和Cardano（ADA）的美國加密貨幣儲備。

In response, Bitcoin sunk to around $82,000 after touching highs of around $93,000 on March 3, according to data from Google Finance. Altcoins such as ETH and SOL fell even further, dropping by around 12% and 20%, respectively, the data showed.

作為回應，根據Google Finance的數據，在3月3日接觸93,000美元的高點後，比特幣跌至82,000美元。數據顯示，諸如ETH和SOL之類的AltCoins進一步下降，分別下降了約12％和20％。

The sell-off signaled that macro factors could overpower bullish industry developments, including the US Securities and Exchange Commission's dismissal of several lawsuits against crypto firms in February.

拋售表明，宏觀因素可能會超越看漲的行業發展，包括美國證券交易委員會在2月份駁回針對加密貨幣公司的幾項訴訟。

On March 4, cryptocurrency derivatives traders suffered more than $1 billion in liquidations as spot prices whipsawed.

3月4日，加密貨幣衍生品貿易商隨著現場價格鞭打而遭受了超過10億美元的清算。