比特幣可能處於主要價格波動的邊緣

比特幣BTC $ 79 058 24H波動率：2.3％的市值：$ 1.57 T卷。 24小時：全球最大的數字資產68.99美元，可能處於主要價格波動的邊緣。

Key Notes:

關鍵說明：

* China’s yuan weakened beyond a key level on Monday as the People’s Bank of China (PBOC) set the daily reference rate at 7.2038 against the dollar.

*週一，中國人民銀行（PBOC）將日常參考率定為7.2038，中國的人民幣削弱了關鍵水平。

* This is the lowest fix since September and signals a shift in how the central bank manages the currency.

*這是自9月以來的最低修復程序，標誌著中央銀行管理貨幣的轉變。

* The yuan cannot float freely like the US dollar or the euro. It trades within a 2% band on either side of a set rate announced each morning by the central bank.

*人民幣不能像美元或歐元一樣自由地漂浮。它每天早晨宣布的設定利率的兩側都在2％的樂隊內交易。

* Many experts believe this decision is a response to renewed pressure from the United States.

*許多專家認為，這一決定是對美國重新壓力的回應。

* Since his return to the White House, President Donald Trump has imposed tariffs on Chinese goods. China’s move could be aimed at making its exports more competitive by keeping the currency weaker.

*自從返回白宮以來，唐納德·特朗普總統對中國商品徵收關稅。中國的舉動可能旨在通過使貨幣疲軟，使其出口更具競爭力。

* Additionally, the 7.2 yuan-per-dollar level has long been a key psychological barrier. In the past, the central bank has stepped in when market forces pushed beyond that level.

*此外，長期以來，7.2元的每美元水平一直是一個關鍵的心理障礙。過去，中央銀行介入了市場力量超出該水平的時候。

* However, this time the bank is stepping back, allowing the yuan to slide past it officially.

*但是，這次銀行正在退後一步，允許人民幣正式滑過它。

* According to the development, some analysts believe this could mark the beginning of Chinese authorities’ broader, managed depreciation strategy. A move that could benefit risk-on assets.

*根據該發展，一些分析人士認為，這可能標誌著中國當局更廣泛，管理折舊戰略的開始。可能受益於風險資產的舉動。

* Historically, when the yuan loses value there is increased interest in moving money out of China. In the past some of that money has flowed into Bitcoin.

*從歷史上看，當人民幣失去價值時，將錢從中國移出的興趣增加。過去，其中一些錢流入了比特幣。

* Crypto experts are already noting similarities between today’s situation and events in 2013 and 2015 when a noticeable rise in Bitcoin’s price followed the yuan devaluation.

*加密專家已經註意到當今情況與2013年和2015年的事件之間的相似之處，當時比特幣的價格明顯上漲隨著人類的貶值。

* In his recent X post, Arthur Hayes, the former CEO of BitMEX, disclosed that if the U.S. Federal Reserve does not take steps that favor Bitcoin, then the PBOC might do so indirectly.

* Bitmex的前首席執行官亞瑟·海斯（Arthur Hayes）在他最近的X帖子中透露，如果美國美聯儲不採取有利於比特幣的步驟，那麼PBOC可能會間接地做到這一點。

* Past yuan devaluations have supported a narrative of Chinese capital flowing into crypto, especially Bitcoin.

*過去的元貶值支持了中國資本流入加密貨幣的敘述，尤其是比特幣。

If not the Fed then the PBOC will give us the yachtzee ingredients.

如果不是美聯儲，那麼PBOC將為我們提供Yachtzee成分。

CNY deval = narrative that Chinese capital flight will flow into $BTC.

CNY DEVAL =中國資本飛行將流向$ BTC的敘述。

It worked in 2013 , 2015, and can work in 2025.

它在2013年，2015年工作，可以在2025年工作。

Ignore China at your own peril.https://t.co/W6q4G7V8b3

忽略您自己的危險。 https：//t.co/w6q4g7v8b3

— Arthur Hayes (@CryptoHayes) April 8, 2025

- 亞瑟·海斯（@cryptohayes）2025年4月8日

Still, several factors may make this difficult. For instance, China has strict regulations regarding cryptocurrency activity.

儘管如此，幾個因素可能會使這一困難。例如，中國對加密貨幣活動有嚴格的規定。

According to a new regulation, banks are required to monitor and report suspicious international transactions, especially those linked to crypto.

根據一項新規定，需要銀行來監視和報告可疑的國際交易，尤其是與加密貨幣有關的交易。

Analyst Markus Thielen also noted that legal risks for individuals using crypto for capital movement have grown even steeper since August 2024. Despite this, a strong enough economic push could still reach the Bitcoin market.

分析師馬克斯·泰倫（Markus Thielen）還指出，自2024年8月以來，使用加密貨幣運輸的個人的法律風險變得越來越陡峭。儘管如此，足夠強大的經濟推動仍然可以到達比特幣市場。

CoinSpeakesr reports that crypto market liquidations jumped to $1.4 billion after Bitcoin price dropped by 8% earlier this week. BTC price fell to $76,100. However, when writing, CoinMarketCap data shows Bitcoin was trading at $79,117.01, up more than 3% in the last 24 hours.input: A bitcoin chart shows the cryptocurrency trading at around $79 058 on Monday morning. As the world’s largest digital asset could be on the edge of a major price swing. This speculation is growing as China adjusts its monetary policy, a shift that could lead to greater demand for bitcoin and other cryptocurrencies.

Coinspeakesr報導說，加密貨幣市場清算在本週早些時候比特幣價格下跌8％後躍升至14億美元。 BTC價格跌至76,100美元。但是，在寫作時，CoinMarketCap數據顯示，比特幣的交易價格為79,117.01美元，在過去24小時內增長了3％以上。輸入：一個比特幣圖表顯示，加密貨幣交易的交易價格在周一上午約79美元左右。由於世界上最大的數字資產可能處於主要價格波動的邊緣。隨著中國調整其貨幣政策，這種猜測正在增長，這一轉變可能導致對比特幣和其他加密貨幣的需求更大。

As bitcoin and risk-on assets remain susceptible to the monetary policies of top economies like China, the potential positive shift appears imminent.

隨著比特幣和風險資產的資產仍然容易受到中國高級經濟體的貨幣政策的影響，潛在的積極轉變似乎即將出現。

Yuan Weakens as China Responds to Economic Pressure

元削弱了中國對經濟壓力的反應

The People’s Bank of China (PBOC) has moved to allow the yuan to weaken beyond a significant level. The central bank set the daily reference rate at 7.2038 against the dollar. The update marks the lowest fix since September and signals a change in how the central bank manages the currency.

中國人民銀行（PBOC）已採取行動，使人民幣削弱了大量的水平。中央銀行將每日參考率定為7.2038美元。該更新標誌著自9月以來的最低修復，並指示中央銀行管理貨幣的方式有所改變。

It is worth noting that the yuan cannot float freely like the US dollar or the euro. It trades within a 2% band on either side of a set rate announced each morning by the central bank.

值得注意的是，人民幣不能像美元或歐元一樣自由地漂浮。它每天早晨宣布的設定利率的兩側都在2％的樂隊內交易。

Many experts opine that this decision is a response to renewed pressure from the United States. Since his return to the White House, President Donald Trump has imposed tariffs on Chinese goods. China’s move could be aimed at making its exports more competitive by keeping the currency weaker.

許多專家認為，這一決定是對美國重新壓力的回應。自從返回白宮以來，唐納德·特朗普總統對中國商品徵收關稅。中國的舉動可能旨在通過使貨幣疲軟，使其出口更具競爭力。

Additionally, the 7.2 yuan-per-dollar level has long been a key psychological barrier. In the past, the central bank has stepped in when market forces pushed beyond that level. However, this time the bank is stepping back, allowing the yuan to slide past it officially.

此外，長期以來，7.2元的每美元水平一直是一個關鍵的心理障礙。過去，中央銀行介入了市場力量超出該水平的時候。但是，這次銀行正在退後一步，允許人民幣正式滑過它。

According to the development, some analysts believe this could mark the beginning of Chinese authorities’ broader, managed depreciation strategy. A move that

根據該發展，一些分析師認為，這可能標誌著中國當局更廣泛，管理折舊戰略的開始。舉動