比特幣和以太坊價格結束於2025年第1季度的紅色

比特幣和以太坊價格已經結束了2025年第一個季度的紅色，市場情緒因宏觀不確定性而削弱，可見的鯨魚阻力接近關鍵價格水平。

Bitcoin (BTC) and Ethereum (ETH) prices are set to close the first quarter of 2025 in the red, as market sentiment soured due to macroeconomic uncertainty and visible resistance from whales at key price levels.

比特幣（BTC）和以太坊（ETH）價格將在紅色中關閉2025年第一季度，因為由於宏觀經濟不確定性和關鍵價格水平的鯨魚的可見抵抗，市場情緒惡化。

As Swyftx lead analyst Pav Hundal noted, a “vertical swing up” before the quarter’s end on March 31st was highly improbable.

正如Swyftx首席分析師PAV Hundal所指出的那樣，在3月31日季節結束之前，“垂直揮桿”非常不可能。

“As I mentioned previously, the chances of a vertical swing up in the crypto market by the end of Q1 are slim to none. I’d say it’s nearly impossible,” Hundal said in a recent X post.

Hundal在最近的X帖子中說：“正如我之前提到的那樣，到第一季度結束時，在加密市場上垂直揮桿的機會很小。我說這幾乎是不可能的。”

Indeed, there was no unexpected surge, let alone a spark.

確實，沒有意外的激增，更不用說火花了。

The crypto market will also be flying a little blind until mid-April, when more clarity is expected on U.S. President Donald Trump’s tariff policies and their impact on risk appetite.

加密市場也將有點盲目，直到4月中旬，預計美國總統唐納德·特朗普的關稅政策及其對風險胃口的影響更加清晰。

According to the latest data from CoinGlass, Ethereum is down 37.98% so far in Q1, 2025, trading at $1,852.25 at press time.

根據Coinglass的最新數據，到目前為止，以太坊在2025年第1季度下跌了37.98％，發稿時以1,852.25美元的價格交易。

This marks its worst Q1 performance since 2018, when ETH fell 46.61%.

這標誌著自2018年ETH下跌46.61％以來的最差第一季度表現。

Meanwhile, Bitcoin is in the red by 6.49% over the quarter, its weakest Q1 since the 10.83% drop in 2020.

同時，比特幣在本季度的紅色佔6.49％，這是自2020年下降10.83％以來最弱的第一季度。

Whales Short Bitcoin At $88K As Resistance Builds

隨著阻力的建立，鯨魚的短幣為88K $ 88K

According to crypto analytics platform Alphractal, whales have been shorting Bitcoin (BTC) near $88,000.

根據Crypto Analytics平台Alphractal的說法，鯨魚的比特幣（BTC）接近88,000美元。

Bitcoin is currently trading at $83,129.15, up 0.13%.

比特幣目前的交易價格為83,129.15美元，上漲0.13％。

The firm reported a “sharp reversal” in its Whale Position Sentiment metric, which tracks large $1 million+ trades across multiple exchanges, typically foreshadowing a price decrease.

該公司報告說，其鯨魚位置情緒指標的“急劇逆轉”，該指標跟踪了多個交易所的100萬美元以上的交易，通常預示著價格下降。

“Whales have closed their long positions and the trend is quickly shifting to bear territory as we approach the final days of Q1, 밝혔다.

“鯨魚已經關閉了他們的長位置，當我們接近Q1的最後幾天，趨勢正在迅速轉移到領土。

This behavior usually precedes a price drop, according to Alphractal CEO Joao Wedson, who shared the observation in a recent X post.

根據Alphractal CEO Joao Wedson的說法，這種行為通常是在價格下跌之前的，他在最近的X帖子中分享了這一觀察結果。

CryptoQuant also noted that 8 out of 10 on-chain metrics are currently flashing bearish for Bitcoin.

加密量還指出，十個鏈上指標中有8個目前正在閃爍比特幣的看跌。

The apex cryptocurrency needs to close above $90,000 to maintain bullish momentum.

Apex加密貨幣需要收盤超過90,000美元，以維持看漲的勢頭。

“If the price fails to break above the $90,000 level and instead continues to move within the $84,000 to $85,000 zone, we might see a different scenario unfold,” said Crazzyblockk, an analyst at CryptoQuant.

“如果價格未能超過90,000美元的水平，而是繼續在84,000美元至85,000美元的區域內移動，我們可能會看到不同的情況，” CryptoQuant的分析師Crazzyblockk說。

Falling below this range could prompt selling, especially from those who bought around $83,000, further impacting the market.

低於此系列可能會促使銷售，尤其是購買了大約83,000美元的人，進一步影響了市場。

ETH/BTC Ratio Hits 2020 Levels As Ether Lags

ETH/BTC比率達到2020水平作為以太滯後

The ETH/BTC ratio fell to 0.022, its lowest since May 2020, according to TradingView data.

根據TradingView數據，ETH/BTC的比率下降到自2020年5月以來的最低水平。

This reflects a weakening relative strength for Ether against Bitcoin, despite ETH historically outperforming BTC in the first quarter.

儘管ETH在第一季度表現優於BTC，但這反映了Ether對比特幣的相對強度較弱。

CoinGlass data shows that Ethereum has averaged a 78.23% Q1 return since 2017. On the other hand, Bitcoin has returned 51.62% in Q1 on average since 2013. However, these trends broke this year due to unexpected macro pressures.

Coinglass的數據顯示，自2017年以來，以太坊的平均Q1回報率為78.23％。另一方面，比特幣在2013年以來平均在Q1中返回了51.62％。但是，由於意外的宏觀壓力，今年這些趨勢破裂了。

Earlier optimism that followed Bitcoin’s rise to $100,000 after Trump’s November 2024 election win and a potential price target of $150,000 by the end of 2024 evaporated by early February.

在特朗普2024年11月的選舉獲勝之後，比特幣上漲至100,000美元之後，早期的樂觀情緒，到2024年底，到2月初蒸發到2024年底的潛在目標目標為150,000美元。

This shift occurred as new tariffs and interest rate concerns hit risk sentiment, leading to a return to fear in the market.

這次轉變發生在新的關稅和利率問題遇到風險情緒，從而導致市場上的恐懼。

The Crypto Fear & Greed Index is currently showing fear at 24 as of April 1st.

截至4月1日，目前24歲的加密恐懼和貪婪指數目前顯示出恐懼。

The prospect of more macroeconomic clarity by mid-April is expected to bring about a turning point in the market trends.

4月中旬到4月中旬的宏觀經濟清晰度的前景預計將帶來市場趨勢的轉折點。

Despite the near-term weakness, some economists are still projecting new highs later in 2025.

儘管有近期弱點，但一些經濟學家仍在2025年晚些時候預測新的高點。

For instance, Timothy Peterson, economist at Cane Island, said in a recent interview with Real Vision that Bitcoin has a 75% chance of reaching new all-time highs in the next nine months.

例如，甘蔗島經濟學家蒂莫西·彼得森（Timothy Peterson）在最近接受《真實視野》採訪時說，比特幣在接下來的九個月中有75％的機會達到新的歷史最高點。

Peterson, a well-known BTC bull, also claimed that there’s a 50% chance the flagship cryptocurrency gains 50% or more in the short term.

著名的BTC公牛彼得森（Peterson）也聲稱，旗艦加密貨幣在短期內有50％或以上的機會有50％。

His model relies on Bitcoin’s 10-year seasonal performance, which shows April and October average monthly gains of 12.98% and 21.98%, respectively.

他的模型取決於比​​特幣的10年季節性表現，該表現分別顯示4月和10月的平均每月增長率分別為12.98％和21.98％。

Moreover, crypto influencer Colin Talks Crypto expects Bitcoin’s “next major blast-off” around April

此外，加密影響者Colin Talks Crypto期望比特幣在四月左右的“下一個重大爆炸”