隨著令牌交易的範圍，比特幣價格下跌低於80,000美元

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 amid a broader selloff in technology stocks and disappointment over the lack of major crypto-related announcements from the White House, according to analysts.

據分析師稱，比特幣的價格在技術股票的更廣泛拋售和對白宮與加密相關的主要公告方面的失望中的更廣泛拋售之際。

The token had traded in a narrow range near US$95,000 for most of the month before this week, after reaching a record of about US$109,000 on Jan. 20.

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。

“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. “Bitcoin’s struggles are further complicated by broader weakness in the tech sector.”

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。” “比特幣的鬥爭更加複雜，因為技術領域的弱點更加複雜。”

There is risk that Bitcoin prices can go lower to the mid-US$70,000 level, according to Paul Howard, senior director at market maker Wincent, adding that Trump’s crypto-related announcement have disappointed some traders.

市政公司Wincent的高級總監Paul Howard表示，比特幣價格可能會降低到中期70,000美元的價格70,000美元，並補充說，特朗普與加密貨幣相關的公告使一些交易員失望。

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

他說：“驅動的是一些專家期望的缺乏積極的執行訂單新聞以及美國通貨膨脹的數字。”

To be sure, the recent exodus of funds from spot-Bitcoin ETFs 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. Some have also used the ETFs to profit from the cryptocurrency’s volatility or offset a short position in derivatives.

可以肯定的是，最近來自Spot-Bitcoin ETF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。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。