比特幣（BTC）開幕一周，下降了2％

根據Coindesk指數的數據，在過去24小時內，比特幣（BTC）在本週開業，下降了2％。這種低迷有助於更廣泛的市場鬥爭

Bitcoin (BTC) began the week in the red, dropping 2% over the last 24 hours, according to CoinDesk Indices data on Monday afternoon in Asia. The downturn in the world’s largest cryptocurrency contributed to broader market struggles, with several major coins like XRP, Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) also slipping by as much as 5%. In contrast, BNB Chain (BNB) showed some resilience, rising 3%.

根據Coindesk Indices的數據，比特幣（BTC）開始了一周的紅色，在過去的24小時內下降了2％。世界上最大的加密貨幣的低迷造成了更廣泛的市場鬥爭，XRP，Solana（Sol），Cardano（Ada）和Dogecoin（Doge）等幾個主要硬幣也下滑了多達5％。相反，BNB鏈（BNB）表現出一些韌性，增長了3％。

Bitcoin approached a critical resistance level at $84,000, which traders have identified as a crucial point for future upward movement. As trading commenced on Monday afternoon in Asia, BTC/USD slipped below the $83,300 level.

比特幣以84,000美元的價格達到了關鍵的阻力水平，交易者已將其確定為未來向上移動的關鍵點。隨著周一下午在亞洲的交易開始，BTC/USD跌至83,300美元以下。

The recent declines in the crypto market can be largely attributed to last week’s sell-off linked to U.S. tariffs and worsening macroeconomic conditions. Traders are now expressing concerns about a potential U.S. recession, a factor that could herald increased volatility as the correlation between cryptocurrency and U.S. equities remains noteworthy.

最近的加密貨幣市場下降可能主要歸因於上週與美國關稅有關的售罄和宏觀經濟狀況惡化的售罄。交易者現在對美國衰退的潛在衰退表示擔憂，這一因素可能會預示著隨著加密貨幣與美國股票之間的相關性仍然值得注意的因素。

Despite the current market difficulties, there is still some optimism for volatility in altcoins and memecoins. Trading volumes have reportedly risen for these alternative assets, fueled in part by strategic investments such as Trump’s World Liberty Financial purchasing MNT and AVAX—both subject to VanEck’s ETF application. Nick Ruck from LVRG Research highlighted this increased activity as an indicator that traders may be seeking higher returns from altcoins in the near term, rather than relying on larger capitals like Bitcoin or Ethereum.

儘管當前的市場困難，但對山寨幣和成員的波動仍然有些樂觀。據報導，這些替代資產的貿易量已經增加，部分原因是特朗普的世界自由財務購買和avax等戰略投資，這均受到Vaneck的ETF應用程序的影響。 LVRG研究的尼克·魯克（Nick Ruck）強調了這一活動的增加，這是交易者可能會在短期內尋求山寨幣的更高回報，而不是依靠比特幣或以太坊等較大的首都。

The present sell-off is believed to be influenced by the unwinding of ETF and spot-linked trading strategies. Traders indicate that while large-cap equities remain somewhat insulated compared to historical norms, recent concerns surrounding economic indicators may prompt a “buy the dip” mindset as the market navigates tariff-related volatility. Augustine Fan, Head of Insights at SignalPlus, remarked on this sentiment, suggesting that hard economic data may outpace the deteriorating soft data.

據信目前的拋售受到ETF和與現貨交易策略的放鬆影響。貿易商表示，儘管與歷史規範相比，大型股票仍然有些隔熱，但由於市場導航與關稅相關的波動性，最近對經濟指標的最新問題可能會引起“購買”的思維方式。 SignalPlus的見解負責人奧古斯丁·範（Augustine Fan）對此情緒表示了，這表明艱難的經濟數據可能會超過惡化的軟數據。

The strategy employed by many hedge funds, known as multi-strategy (multi-strat) trading, involves varied tactics—including arbitrage and long-short positions—to achieve optimal returns across diverse asset classes. In Bitcoin’s context, a prevalent multi-strategy approach entails executing basis trades where funds buy spot Bitcoin (often through ETFs) while shorting Bitcoin futures to benefit from pricing differentials. However, when the profitability of these basis trades declines—either due to tighter spreads or shifts in market dynamics—funds may liquidate their positions en masse, exacerbating market sell-offs.

許多對沖基金采用的策略，稱為多束縛（多層）交易，涉及各種策略（包括套利和長期職位），以實現各種資產類別的最佳回報。在比特幣的背景下，普遍的多策略方法需要執行基礎交易，在這些貿易中，資金購買現貨比特幣（通常是通過ETF），同時縮短比特幣期貨以從定價差異中受益。但是，當這些基礎交易的盈利能力下降（由於市場動態的差異或變化，資金可能會在大量的情況下清算其頭寸，加劇市場拋售。

Even with the pressures in the market, the prevailing sentiment among bullish investors leans towards a buy-the-dip outlook, anticipating recovery as market volatility associated with tariffs continues. The consensus suggests that economic fundamentals may support buying opportunities, fueling hopes for a resilient market rebalance in the months ahead.

即使有市場壓力，看漲的投資者的普遍情緒也傾向於傾向於買入前景，預計隨著與關稅相關的市場波動的恢復仍在繼續。共識表明，經濟基本面可以支持購買機會，這為未來幾個月內有彈性的市場重新平衡帶來了希望。