比特幣低於80,000美元，因為從現場ETF銷售壓力和令人失望的特朗普承諾重量

在1月20日達到約109,000美元的記錄後，該代幣在本週前的大部分時間內的狹窄範圍內的交易範圍接近95,000美元。

The price of Bitcoin has slid in recent days, sliding from its record high reached earlier this month to lows not seen since December 2021.

比特幣的價格在最近幾天下跌，從本月早些時候的創紀錄的高高到達了自2021年12月以來從未見過的低點。

The token, which hit a peak of around $109,000 on January 20, had been trading in a narrow band near $95,000 for the majority of the month. But it slid to as low as $80,000 on Wednesday.

1月20日，該代幣達到了約109,000美元的峰值，在本月的大部分時間裡，狹窄的樂隊在狹窄的樂隊中交易。但這在周三的低至80,000美元。

“We are observing a notable reversal of the post-election market dynamics that had initially been driven by expectations of a pro-business, pro-market administration following candidate Trump’s victory,” said Raphael Thuin, head of capital market strategies at Tikehau Capital SCA.

Tikehau Capital SCA的資本市場戰略負責人Raphael Thuin說：“我們觀察到，在候選人特朗普的勝利之後，對親企業，親商業管理的期望，最初是由對親企業的期望驅動的明顯逆轉。”

“The market is now struggling with broader weakness in the tech sector, which is impacting technology-related investments like Bitcoin. Trump’s crypto-related announcements have also disappointed some traders.”

“現在，市場正在努力在技術領域的更廣泛的弱點，這影響了像比特幣這樣與技術相關的投資。特朗普與加密相關的公告也使一些交易員失望。”

There is risk that Bitcoin prices can go lower to the mid-$70,000 level, according to Paul Howard, senior director at market maker Wincent.

市政公司Wincent高級總監保羅·霍華德（Paul Howard）表示，比特幣價格可能會降低到70,000美元的中低70,000美元的風險。

“What’s been driving this is the lack of positive executive-order news some pundits were expecting, and U.S. inflation numbers,” said Howard.

霍華德說：“驅動的是缺乏一些專家期望的積極執行新聞和美國通貨膨脹的數字。”

Recent data showed that the U.S. consumer price index rose in January, indicating that price pressures are sticky and may keep the Federal Reserve on a path of gradual interest rate increases.

最近的數據表明，美國消費者價格指數在一月份上升，表明價格壓力是粘性的，可能會使美聯儲逐漸增加利率。

Bitcoin has slid in recent days as funds pulled out of exchange-traded products (ETPs) that invest in the world’s largest cryptocurrency, highlighting a shift in investor sentiment.

最近幾天，比特幣從投資全球最大的加密貨幣投資的交易所交易產品（ETP）中取出，這突出了投資者情緒的轉變。

About $165 million was withdrawn from six major Bitcoin ETPs and ETFs from January 23 to January 27, according to data from Capital Link New Markets.

根據Capital Link New Markets的數據，從1月23日至1月27日，從六個主要的比特幣ETP和ETF撤回了約1.65億美元。

However, to be sure, the recent exodus of funds from spot-Bitcoin ETPs represents only about three per cent of the total assets they hold. And some of the outflows likely stem from hedge funds unwinding a popular trading strategy called the basis trade, which exploits differences in prices between spot and futures markets.

但是，可以肯定的是，最近來自Spot-Bitcoin ETP的資金出埃及僅佔其持有總資產的3％。一些流出可能源於對沖基金放棄一種稱為“基礎貿易”的流行交易策略，該策略利用了現貨和期貨市場之間價格差異。

Some have also used the ETFs to profit from the cryptocurrency’s volatility or offset a short position in derivatives.

有些人還使用ETF從加密貨幣的波動率中獲利或抵消了衍生品的短姿勢。