比特幣 (BTC) 從 10 萬美元價格點回撤，但專家預測隨著市場復甦將帶來回報

在連續幾週的持續上漲之後，加密貨幣市場出現了暫時的下跌趨勢，迫使大多數領先資產進入超買區域。

The crypto market took a downturn on Sunday as most of the leading assets recorded a price decline from their recent highs. This pullback comes after several weeks of a consistent uptick that forced many assets into the overbought territory.

週日，加密貨幣市場出現低迷，因為大多數主要資產的價格均從近期高點下跌。這次回調是在幾週的持續上漲之後發生的，迫使許多資產進入超買區域。

Bitcoin (BTC), which recently traded as high as $99,646, withdrew to $95,500 on Sunday. Stellar Lumens (XLM) also declined to $0.44 from its monthly high of $0.63. Others affected by this pullback include Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Cardano (ADA), and Shiba Inu (ADA).

比特幣（BTC）最近交易價格高達 99,646 美元，週日回落至 95,500 美元。 Stellar Lumens (XLM) 也從月高點 0.63 美元跌至 0.44 美元。其他受此回檔影響的貨幣包括以太坊（ETH）、狗狗幣（DOGE）、萊特幣（LTC）、卡爾達諾（ADA）和柴犬（ADA）。

According to our market data, the total market capitalization declined by 2.4% within the period. This pullback also affected the futures market, with crypto-tracked futures recording a massive liquidation of $500 million in both longs and shorts.

根據我們的市場數據，期內總市值下降了2.4%。這種回檔也影響了期貨市場，加密貨幣追蹤的期貨多頭和空頭都出現了 5 億美元的大規模清算。

Our analysis of the data from CNF discovered that $366 million of the recorded liquidations were in longs, while $127 million were in shorts. For the small altcoins and the futures tracking midcaps, more than $100 million were recorded in liquidation.

我們對 CNF 數據的分析發現，記錄的清算中 3.66 億美元是多頭，而 1.27 億美元是空頭。對於小型山寨幣和追蹤中型股的期貨，清算金額超過 1 億美元。

However, the market appears to have recovered in the early hours of Monday, as Bitcoin stages a bullish reversal into $98k while the broad market losses reduce to under 2%.

然而，市場似乎在周一凌晨有所復甦，比特幣出現看漲逆轉，升至 9.8 萬美元，而大盤跌幅則降至 2% 以下。

According to Jeff Mei, the COO of crypto exchange BTSE, Bitcoin could still return to $100k as key indicators suggest the large involvement of institutional investors.

加密貨幣交易所 BTSE 營運長 Jeff Mei 表示，由於關鍵指標顯示機構投資者大量參與，比特幣仍有可能重返 10 萬美元。

Mei observed that funds would soon move into the Ethereum Exchange Traded Fund (ETF) and Solana once its ETF gets approved. He also predicted that this bull run could continue into 2025.

Mei 觀察到，一旦 ETF 獲得批准，資金將很快轉移到以太坊交易所交易基金 (ETF) 和 Solana。他也預測，這次多頭市場可能會持續到2025年。

“It’s clear that Bitcoin has been leading the market, a key indicator that much of the demand is driven by institutions buying ETFs. Hitting the $100K mark is very likely in the coming week. We also believe that institutions will start buying into the Ethereum ETFs soon and, hopefully, the Solana ones once they’re approved.”

「很明顯，比特幣一直引領市場，這一關鍵指標表明大部分需求是由購買 ETF 的機構推動的。未來一周很有可能達到 10 萬美元大關。我們也相信，機構很快就會開始購買以太坊 ETF，並希望在 Solana ETF 獲得批准後也能購買。

“With the stock market making steady gains and the Trump transition team meeting with several crypto executives to discuss pro-crypto policies, it looks promising that this rally will continue into 2025.”

“隨著股市穩步上漲，以及川普過渡團隊與幾位加密貨幣高管會面討論支持加密貨幣的政策，這種反彈看起來有望持續到 2025 年。”

While analysts believe that the current position of the Bitcoin price and the $100k price point is just separated by an “air gap”, the “order book skew ratio” suggests otherwise. According to our analysts, this indicator measures the number of traders or investors on the ask side against those on the bid side.

儘管分析師認為比特幣目前的價格位置與 10 萬美元的價格點之間僅存在一個“空隙”，但“訂單簿偏差比率”表明情況並非如此。根據我們的分析師的說法，該指標衡量的是詢價方的交易者或投資者與出價方的交易者或投資者的數量。

Based on the reading, the three-day moving average of the 1% skew appears elevated. Fascinatingly, this has only happened thrice since 2022. What this means is that the “firing power” of the investors that drove the price from $66k to $99k has considerably reduced.

根據讀數，1% 偏差的三天移動平均線似乎有所增加。令人著迷的是，自 2022 年以來，這種情況只發生了三次。

According to crypto prime broker FalconX, any slight negative news at this point could be catastrophic.

根據加密貨幣主要經紀商 FalconX 的說法，此時任何輕微的負面消息都可能是災難性的。

“As we near $100K, the skew approaches levels seen only three times since 2022. While this doesn’t threaten the medium-term rally, it suggests that the struggle to break above the $100K level could be intense.”

「當價格接近 10 萬美元時，這種偏差接近 2022 年以來僅出現過三次的水平。雖然這不會威脅到中期反彈，但它表明突破 10 萬美元水平的鬥爭可能會很激烈。”