由於滯脹擔憂席捲市場，比特幣跌破 6.2 萬美元

4 月 25 日，由於美國 GDP 成長意外低迷和通膨上升，市場情緒受到動搖，比特幣 (BTC) 跌破 62,000 美元。這項「滯脹」數據推低了聯準會降息的預期，使人們對經濟「軟著陸」的前景產生了懷疑。

Bitcoin Plunges Below $62,000 as Stagflationary Macroeconomic Data Spooks Markets

滯脹宏觀經濟數據令市場恐慌，比特幣跌破 62,000 美元

Bitcoin (BTC) plummeted below $62,000 during the April 25 Wall Street opening bell, succumbing to concerns over the United States' worrisome macroeconomic indicators that have revived fears of stagflation, a dreaded combination of high inflation and economic slowdown.

4 月25 日華爾街開盤時，比特幣(BTC) 暴跌至62,000 美元以下，原因是人們對美國令人擔憂的宏觀經濟指標感到擔憂，這些指標再次引發了人們對滯脹（高通膨和經濟放緩的可怕組合）的擔憂。

GDP Disappoints, Inflation Soars

GDP 令人失望，通膨飆升

The release of the U.S. first-quarter GDP, which fell to a meager 1.6%, significantly below market expectations, triggered a wave of unease across financial markets. Simultaneously, consumer prices rose at a faster-than-anticipated pace, highlighting the daunting challenge faced by the Federal Reserve (Fed) in taming inflation.

美國第一季GDP下滑至微弱的1.6%，大幅低於市場預期，引發整個金融市場的一波不安。同時，消費者物價上漲速度快於預期，凸顯聯準會在抑制通膨方面面臨嚴峻挑戰。

"A 1.6% GDP reading would end six consecutive quarters of growth above 2%," remarked The Kobeissi Letter, a respected trading resource on X (formerly Twitter). "However, we haven't witnessed two consecutive quarters of declining GDP since Q2 2022. The question looms: is the economy starting to weaken?"

X（前身為 Twitter）上受人尊敬的交易資源《Kobeissi Letter》評論道：“1.6% 的 GDP 數據將結束連續六個季度超過 2% 的增長。” “然而，自2022年第二季以來，我們還沒有看到GDP連續兩個季度下降。問題迫在眉睫：經濟是否開始疲軟？”

The Kobeissi report further underscored the surprising nature of the GDP data, which fell short of Goldman Sachs' forecast by nearly 50%.

科貝西報告進一步凸顯了GDP數據的驚人性，該數據比高盛的預測低了近50%。

Fed Rate Cut Prospects Fade

聯準會降息前景黯淡

The disappointing economic data dealt a significant blow to market expectations for a loosening of monetary policy by the Fed. Previously, traders had factored in an interest rate cut as early as December; however, the latest data has substantially diminished those hopes.

令人失望的經濟數據嚴重打擊了市場對聯準會放鬆貨幣政策的預期。此前，交易員早在 12 月就已考慮降息；然而，最新數據大大削弱了這些希望。

According to the CME Group's FedWatch Tool, the probability of a rate cut at the next Federal Open Market Committee (FOMC) meeting on May 1 has plummeted to just 6.3%.

根據芝商所的 FedWatch 工具，5 月 1 日聯邦公開市場委員會 (FOMC) 下次會議降息的可能性已降至僅 6.3%。

Bitcoin Follows Equity Markets Down

比特幣跟著股市下跌

Bitcoin mirrored the downward trajectory of U.S. equities, particularly tech stocks, struggling to regain the ground lost in the previous week after a geopolitical dip below $60,000.

比特幣反映了美國股市（尤其是科技股）的下跌軌跡，在地緣政治跌破 6 萬美元後，努力收復上週失地。

Bullish Sentiment Persists Amid Bearish Signals

看跌訊號中看漲情緒持續存在

Despite the overall bearish sentiment, some analysts remained optimistic about Bitcoin's future prospects. Popular trader Crypto Chase suggested that the BTC/USD pair could rally further to reach $68,000.

儘管整體看跌情緒，但一些分析師仍對比特幣的未來前景感到樂觀。受歡迎的交易員 Crypto Chase 表示，BTC/USD 貨幣對可能會進一步反彈至 68,000 美元。

Other traders, such as Crypto Tony, predicted that Bitcoin would reach new macroeconomic highs before experiencing further consolidation.

Crypto Tony 等其他交易員預測，在經歷進一步整合之前，比特幣將達到新的宏觀經濟高點。

STH Realized Price Provides Crucial Support

STH 已實現價格提供關鍵支撐

Analyst Caleb Franzen highlighted the short-term holder (STH) realized price, currently at $59,530, as a critical support level. This metric represents the average price at which STH entities—wallets holding coins for 155 days or less—last moved their assets. It has served as a reliable indicator of market support since the end of the 2022 bear market.

分析師 Caleb Franzen 強調短期持有者 (STH) 實現價格（目前為 59,530 美元）是關鍵支撐位。該指標代表 STH 實體（持有代幣時間不超過 155 天的錢包）上次轉移資產的平均價格。自 2022 年熊市結束以來，它一直是市場支撐的可靠指標。

"If BTC falls below the STHRP, I'll turn bearish," concluded Franzen.

「如果 BTC 跌破 STHRP，我會看跌，」Franzen 總結道。

It is crucial to note that this article does not constitute investment advice. All investment and trading decisions involve inherent risk, and individuals should conduct thorough research before making financial decisions.

需要注意的是，本文不構成投資建議。所有投資和交易決策都涉及固有風險，個人在做出財務決策之前應進行徹底的研究。