比特幣：從 108,000 美元的下跌以及隨後的市場調整

比特幣 108,000 美元的興奮是短暫的。自 2024 年 11 月創下歷史新高以來，BTC 一直難以維持在 10 萬美元以上

The euphoria of Bitcoin at $108,000 was short-lived. Since this All Time High in November 2024, BTC has struggled to stay above $100,000, leaving traders and analysts perplexed.

比特幣 108,000 美元的興奮是短暫的。自 2024 年 11 月創下歷史新高以來，BTC 一直難以保持在 10 萬美元以上，這讓交易員和分析師感到困惑。

The last few weeks have seen the crypto market wobble, notably due to speculations surrounding the decisions of the U.S. Federal Reserve. With the Fear & Greed index marking a historical drop, let’s dive into the behind-the-scenes of this turnaround.

過去幾週，加密貨幣市場出現了波動，這主要是由於圍繞聯準會決定的猜測。隨著恐懼與貪婪指數出現歷史性下降，讓我們深入了解這項轉變的幕後故事。

The fall of Bitcoin : a domino effect of events

比特幣的衰落：事件的骨牌效應

The news on Bitcoin: the Fear & Greed index, which measures the mood of the crypto market, experienced a spectacular plunge on January 9th, dropping from 69 to 50 in a single day. This descent into hell reflects a brutal transition from euphoria to a neutral sentiment.

比特幣新聞：衡量加密貨幣市場情緒的恐懼與貪婪指數在 1 月 9 日經歷了驚人的暴跌，單日從 69 跌至 50。這種墮入地獄的過程反映了從欣快到中性情緒的殘酷轉變。

For reference, the last time the score was this low was on October 14, 2024, when Bitcoin was trading at $63,000.

作為參考，上次得分如此低是在 2024 年 10 月 14 日，當時比特幣交易價格為 63,000 美元。

Several factors are behind this drop :

這下降背後有幾個因素：

Michael Pizzino, an influential analyst, highlighted on Twitter:

頗具影響力的分析師 Michael Pizzino 在 Twitter 上強調：

“The last time the index was at 50, BTC soared from $49,000 in two months. This could mean a BTC at $140,000 in March!”

「上次該指數為 50 時，BTC 在兩個月內從 49,000 美元飆升。這可能意味著 3 月份 BTC 價格將達到 14 萬美元！

If history does not always repeat itself, it often rhymes… and this prediction is certainly spicy.

如果歷史並不總是重演，它往往會押韻……這個預測確實很辛辣。

Crypto market: the time for adjustments

加密市場：調整時機到了

The crypto market, long boosted by optimistic forecasts, is undergoing a painful adjustment. The Fear & Greed index compiles several factors:

長期以來受到樂觀預測提振的加密貨幣市場正在經歷痛苦的調整。恐懼與貪婪指數匯集了幾個因素：

These metrics indicate a market searching for benchmarks, especially with the U.S. Federal Reserve about to tighten monetary policy. The prospect of a tightening in 2025 has traders on edge, fearing new pressure on BTC.

這些指標顯示市場正在尋找基準，尤其是在聯準會即將收緊貨幣政策的情況下。 2025 年收緊政策的前景讓交易員感到緊張，擔心 BTC 面臨新的壓力。

In parallel, speculations about a U.S. government strategy to stockpile Bitcoin add to the confusion. So, is it a consolidation strategy or just a pause before a new surge? The market is holding its breath.

同時，有關美國政府儲存比特幣策略的猜測也加劇了混亂。那麼，這是一種整合策略還是只是新一輪上漲之前的暫停？市場屏住呼吸。

All cards are on the table: if the Fed plays its role as a catalyst, Bitcoin could target a new ATH as early as March 2025. A month and a half to prepare, that’s short, so get your action plans ready!

所有牌都擺在桌面上：如果美聯儲發揮催化劑作用，比特幣最早可能在 2025 年 3 月達到新的 ATH。