比特幣「月月」以意外低迷開始，比特幣迅速失去動力

11 月開始，加密貨幣市場意外低迷，比特幣在 10 月最後一周經歷了牛市，但迅速失去了動力。

Bitcoin began November in an unexpected downturn, rapidly losing its momentum after a bull run in the last week of October.

比特幣從 11 月開始就出現了意外的低迷，在 10 月最後一周的牛市之後迅速失去了勢頭。

The highly anticipated “Moonvember” began with an unexpected crash. It fell from $73,000 on October 31 to $69,000 on November 1, essentially wiping out $296 million in liquidations, with the majority being long positions. Despite the bulls managing to establish a Bitcoin price support at $69,000, the quick downturn raised questions among many crypto traders.

備受期待的「月月」以一場意外的墜機事故開始。它從 10 月 31 日的 73,000 美元跌至 11 月 1 日的 69,000 美元，基本上消除了 2.96 億美元的清算，其中大部分是多頭部位。儘管多頭設法將比特幣價格支撐在 69,000 美元，但比特幣的快速下滑還是引起了許多加密貨幣交易者的質疑。

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以太坊聲稱以 43% 的領先優勢佔據主導地位——它會繼續上漲嗎？

According to crypto expert Ash Crypto on social media platform X, this quick crash in the Bitcoin price can be attributed to four major factors. 

根據社群媒體平台 X 上的加密貨幣專家 Ash Crypto 的說法，比特幣價格的快速暴跌可歸因於四個主要因素。

Top Reasons For Bitcoin’s Price Drop

比特幣價格下跌的主因

According to Ash Crypto, the recent Bitcoin price isn’t a straightforward result of crypto-specific events but rather a reflection of the broader economic landscape. As he noted, there are currently multiple reports suggesting that Iran may be planning a military action against Israel from Iraqi territory. The potential escalation of conflict in the region seemed to have created uncertainty among Bitcoin investors, and many might have opted to exit from the markets.

根據 Ash Crypto 的說法，最近的比特幣價格並不是加密貨幣特定事件的直接結果，而是更廣泛的經濟格局的反映。正如他指出的那樣，目前有多份報告表明伊朗可能計劃從伊拉克領土對以色列採取軍事行動。該地區衝突的潛在升級似乎給比特幣投資者帶來了不確定性，許多人可能選擇退出市場。

“As we all know, war is bad for Bitcoin and crypto,” the analyst said.

「眾所周知，戰爭對比特幣和加密貨幣不利，」分析師表示。

Aside from the brewing conflict, Ash Crypto also highlighted the recent earnings reports from tech giants as another factor in the Bitcoin price crash. Major tech companies like Microsoft and Meta recently posted earnings reports that, despite beating expectations, showed rising AI-related costs. This led to a downturn in many other tech stocks, which spilled over to other financial markets, including the crypto industry.

除了正在醞釀的衝突之外，Ash Crypto 還強調科技巨頭最近的財報是比特幣價格暴跌的另一個因素。微軟和 Meta 等主要科技公司最近發布了收益報告，儘管超出了預期，但顯示人工智慧相關成本不斷上升。這導致許多其他科技股的低迷，並蔓延到包括加密貨幣產業在內的其他金融市場。

Another factor highlighted by Ash Crypto is the recent increase in US Treasury’s bond yields, particularly the 10-year note, which is now trading above 4.3%. Higher yields make government bonds a more attractive alternative, reducing the likelihood of investors putting money into riskier assets like cryptocurrencies.  

Ash Crypto 強調的另一個因素是近期美國公債殖利率的上升，尤其是 10 年期公債，目前其交易價格高於 4.3%。較高的收益率使政府債券成為更具吸引力的選擇，從而降低了投資者將資金投入加密貨幣等風險較高資產的可能性。

Lastly, the latest Core Personal Consumption Expenditures (PCE) reading showed a slight increase to over 2.7%. According to Ash Crypto, this rise in core inflation could push the Federal Reserve toward a more hawkish stance. This could lead to the Fed adopting higher interest rates or delaying rate cuts. Both scenarios could reduce demand for Bitcoin, which thrives in low interest rates, as was evident following the September 18 interest rate cut.

最後，最新的核心個人消費支出（PCE）數據顯示小幅成長至 2.7% 以上。 Ash Crypto 認為，核心通膨的上升可能會推動聯準會採取更鷹派的立場。這可能導緻聯準會採取更高的利率或推遲降息。這兩種情況都可能減少對比特幣的需求，比特幣在低利率下蓬勃發展，9 月 18 日降息後的情況就很明顯。

Looking Ahead: What’s Next For Bitcoin?

展望未來：比特幣的下一步是什麼？

Like many other crypto analysts, Ash Crypto remains optimistic that Bitcoin’s latest dip is temporary. He drew parallels to October’s initial market dip, while anticipating that November, or “Moonvember,” will follow a similar trajectory. Interestingly, the analyst believes Bitcoin still has the momentum and market interest needed to push past $80,000 before the end of November.

與許多其他加密貨幣分析師一樣，Ash Crypto 仍然樂觀地認為比特幣最近的下跌只是暫時的。他將 10 月最初的市場下跌進行了比較，同時預計 11 月（或「月月」）將遵循類似的軌跡。有趣的是，這位分析師認為，比特幣仍然具有在 11 月底之前突破 8 萬美元所需的動力和市場興趣。

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At the time of writing, Bitcoin is trading at $69,678 and is up by 4% in the past 24 hours.

截至撰寫本文時，比特幣交易價格為 69,678 美元，在過去 24 小時內上漲了 4%。

Featured image from Pexels, chart from TradingView

精選圖片來自 Pexels，圖表來自 TradingView