隨著回退流動性測試，比特幣（BTC/USD）下降了14％

在過去的七天中，比特幣（BTC/USD）下跌了14％，促使專家就這種糾正中的流動性扮演的角色辯論。

Bitcoin BTC/USD is trading lower in the last 24 hours after recent price action saw the cryptocurrency fall 14% over the past seven days. As such, experts are weighing in on what role receding liquidity might be playing in the correction.

在最近的7天，最近24小時內，比特幣BTC/USD在最近24小時內的交易下降了14％。因此，專家們正在權衡其糾正中流動性可能扮演的角色。

What Happened: In a detailed thread on X on Thursday, UnlimitedFnds Chief Investment Officer Bob Elliott pointed out that the post-election crypto rally has faded, with many assets completing full round trips from their highs.

發生的事情是：在周四X的詳細線程中，UnlimitedFNDS首席投資官Bob Elliott指出，選舉後的加密集會逐漸消失，許多資產完成了高潮的全面旅行。

As part of the post-election rally, Bitcoin surged to a high of $73,000 in March before dropping to lows of $60,000 this week. This marks a 20% correction from the post-election peak.

作為選舉後集會的一部分，比特幣在3月的高處飆升至73,000美元，然後本週下降至60,000美元。這標誌著選舉後峰的20％校正。

As for what happened, Elliott explained that while crypto markets have shown strength in recent months, the tide appears to be turning.

至於發生的事情，埃利奧特（Elliott）解釋說，儘管加密貨幣市場最近幾個月表現出了實力，但潮流似乎正在轉變。

"The post-election crypto rally has faded with most assets completing a full round trip from their highs. This early stage of 2024 saw a brief but intense period of excess liquidity following the FTX collapse and subsequent bailouts, which benefited crypto as a primary risk asset," Elliott said in part.

“選舉後加密拉力賽的大多數資產都從他們的高處完成了完整的往返。2024年的早期階段看到了FTX崩潰和隨後的救助之後的短暫但強烈的流動性，這使Crypto受益於Crypto作為主要風險資產，” Elliott在部分中說。

"The crypto downturn may be an early warning sign of broader liquidity conditions deteriorating. Crypto typically benefits first and most from periods of excess liquidity, making it a leading indicator for risk assets. With the financial system awash in liquidity for the past 18 months, it's no surprise that crypto markets have also seen their fair share of capital inflows."

“加密貨幣經濟下滑可能是更廣泛的流動性條件惡化的預警信號。加密貨幣通常首先受益於多餘的流動性時期，這使其成為風險資產的主要指標。在過去的18個月中，金融體系在過去18個月中的流動性消失了，這並不奇怪，加密貨幣市場也看到了其資本流入的公平份額。”

Later in the thread, Elliott added that the bulk of the recent market moves are now complete, and that the time frame for the next stage of the market is 2025 when we may see some serious financial strain.

埃利奧特（Elliott）在稍後的話題中補充說，最近的大部分市場移動現在已經完成，下一階段市場的時間範圍是2025年，當時我們可能會看到一些嚴重的財務壓力。

"The visualization shows the complete reversal of crypto-related equities (e.g., Strategy MSTR) and a full return trip for major coins like Ethereum ETH/USD and Solana SOL/USD from their post-election peaks," Elliott explained.

Elliott解釋說：“可視化顯示了與加密相關的股票（例如策略MSTR）的完全逆轉，以及從選舉後峰（Ethereum eth/usd）等主要硬幣（例如以太坊ETH/USD）和SOLANA SOL/USD進行的完整回程。”

"Even speculative assets like Fartcoin FARTCOIN/USD (yes, you read that right) and Trump-themed cryptocurrencies are now struggling to hold onto their recent gains. This broad-based weakness signals a potential shift in market trends."

“即使是諸如Fartcoin Fartcoin/USD之類的投機資產（是的，您讀得正確）和以特朗普為主題的加密貨幣也在努力保持其最近的收益。這種基於廣泛的弱點標誌著市場趨勢的潛在轉變。”

If liquidity continues to drain and we move into 2025 with markets still at all-time highs in a no-liquidity world (which is a possibility if the Fed continues to hike), then we may see some serious financial strain as the music stops and no chairs remain.

如果流動性繼續流失，我們進入2025年，而在不流動世界中，市場仍處於歷史最高水平（如果美聯儲繼續徒步旅行，這是可能的），那麼隨著音樂停止並且沒有椅子，我們可能會看到一些嚴重的財務壓力。

If we do move into 0 liquidity with markets at all-time highs, it may spell doom for the stock market as the time frame for the next stage of the market is 2025

如果我們確實在歷史高潮中進入市場的0個流動性，那麼股市可能會說出厄運，因為下一階段的市場時間範圍是2025年

CryptoQuant CEO Ki Young Ju added that high spot volume at $100,000 is being seen but that Bitcoin is now facing a liquidity test.

CryptoQuant首席執行官Ki Young Ju補充說，正在看到100,000美元的高點量，但該比特幣現在正面臨流動性測試。

"If no fresh capital flows in, BTC might get locked in the $75,000-$100,000 range until a major catalyst sparks demand again," Ki Young Ju stated.

Ki Young Ju說：“如果沒有新的資本流入，BTC可能會被鎖定在$ 75,000- $ 100,000的範圍內，直到重大催化劑再次激發需求為止。”

If the price drops below $75,000, it might indicate a deeper correction, especially if it falls below $70,000, according to the crypto analyst.

根據加密分析師的說法，如果價格下跌低於75,000美元，則可能表明更深入的更正，尤其是在低於$ 70,000的情況下。

See More: Best Cryptocurrency Scanners

查看更多：最佳加密貨幣掃描儀

What Next: Bitcoin is known for its volatility and rapid price movements. The cryptocurrency has been a subject of much debate, with some experts remaining skeptical of its long-term viability while others see it as a promising innovation.

下一步：比特幣以其波動性和價格快速變動而聞名。加密貨幣一直是辯論的主題，一些專家對其長期生存能力保持了持懷疑態度，而另一些專家則認為這是有希望的創新。

As the cryptocurrency market continues to evolve, it will be interesting to observe how Bitcoin performs in the coming months and how its price action is influenced by macroeconomic trends and institutional adoption.

隨著加密貨幣市場的不斷發展，觀察比特幣在接下來的幾個月中的表現以及其價格行動如何受到宏觀經濟趨勢和機構採用的影響將是很有趣的。

Now Read: Is Bitcoin Bottom Bounded By $60,000 Level As Experts Remain Divided On Next Move

現在閱讀：比特幣底部是$ 60,000的水平，因為專家在下一步行動中仍然分配