比特幣崩盤（2025）－這只是猜測，還是更大的事情在起作用？

更廣泛的經濟情勢再次受到密切關注。比特幣 [BTC] 在短短 24 小時內從 10.2 萬美元暴跌至 9.6 萬美元 — — 這一下跌絕非巧合。

As the broader economic landscape continues to be subjected to intense scrutiny, Bitcoin (BTC) has experienced a notable decline within a 24-hour span. This downturn, characterized by a drop from $102K to $96K, appears to be anything but coincidental.

隨著更廣泛的經濟格局繼續受到嚴格審查，比特幣 (BTC) 在 24 小時內經歷了顯著下跌。這次經濟衰退的特點是從 102,000 美元跌至 96,000 美元，似乎絕非巧合。

According to recent observations, this price movement has been influenced by a ‘better-than-expected’ U.S. economic report. This development has left market makers grappling with a crucial question: Is this merely another ‘speculative’ stunt designed to shake up the market dynamics, or does it serve as a subtle hint towards a looming Bitcoin ‘crash’ in 2025?

根據最近的觀察，這一價格走勢受到「好於預期」的美國經濟報告的影響。這一事態發展讓做市商面臨一個關鍵問題：這僅僅是另一個旨在撼動市場動態的「投機」噱頭，還是對 2025 年比特幣即將「崩盤」的微妙暗示？

Investors are seen fleeing to safety amid mounting fears of a Bitcoin crash. This phenomenon, which has become increasingly prevalent, begs the question of whether the line between a strong day for Bitcoin and a Bitcoin crash is continuing to blur.

由於對比特幣崩盤的擔憂日益加劇，投資者紛紛逃往安全地帶。這種現象越來越普遍，引發了一個問題：比特幣的強勁表現和比特幣崩盤之間的界線是否繼續模糊。

If you recall, on December 18, as BTC approached $108K, the Fed’s cautious stance on interest rates triggered a massive sell-off.

如果你還記得，12 月 18 日，當 BTC 接近 10.8 萬美元時，聯準會對利率的謹慎立場引發了大規模拋售。

This resulted in BTC plummeting to $91K in less than two weeks, while the U.S. 10-Year Treasury Yield soared to a six-month high of 4.60%. Now, a similar pattern is unfolding, only intensifying.

這導致比特幣在不到兩週內暴跌至 9.1 萬美元，而美國 10 年期公債殖利率飆升至 4.60% 的六個月高點。現在，類似的模式正在顯現，而且還在加劇。

The benchmark 10-year Treasury yield surged 7.5 basis points to 4.685% – its highest level since April. This sparked a sell-off in risky assets, with Bitcoin dropping 5% and the Dow Jones Industrials Average crashing by 1.1%.

基準10年期公債殖利率飆升7.5個基點至4.685%，為4月以來的最高水準。這引發了風險資產的拋售，比特幣下跌 5%，道瓊工業指數暴跌 1.1%。

Investors are fleeing to safety, driving up demand for U.S. bonds. This caused the 5-Year U.S. Treasury yield to reach a seven-month high of 4.483%.

投資者紛紛逃往安全地帶，推高了對美國公債的需求。這導緻美國5年期公債殖利率觸及7個月高點4.483%。

Meanwhile, the 10-year and 30-year mortgage rates also saw increases. As a result, the average 30-year fixed mortgage rate rose to 6.92%, according to Freddie Mac.

同時，10年期和30年期抵押貸款利率也有所上升。據房地美稱，30 年期固定抵押貸款平均利率因此上升至 6.92%。

This led traders to exhibit extreme caution, with some speculating on a Bitcoin crash even before the Fed raises interest rates to quell inflation.

這導致交易員表現得極為謹慎，有些人甚至在聯準會升息以平息通膨之前就猜測比特幣會崩盤。

However, zooming out to the broader market movements, the data reveals a strong U.S. economy. JOLTs job openings in November rose by 259,000 to a six-month high of 8.098 million – far above the anticipated drop to 7.740 million.

然而，放眼更廣泛的市場趨勢，數據顯示美國經濟強勁。 JOLT 1​​1 月職缺增加 25.9 萬個，達到 809.8 萬個六個月高點，遠高於預期的 774 萬個職缺。

Furthermore, the ISM services index for December climbed to

此外，12 月 ISM 服務業指數攀升至