今天比特幣價格跌至 11 月 19 日左右以來的最低水平

1 月 13 日星期一，受多重因素影響，比特幣價格下跌，跌至 9 萬美元以下，創數週以來最低水平

Bitcoin prices dropped below $90,000 on Monday, reaching their lowest level in several weeks amid bearish activity influenced by various factors.

受多種因素影響，比特幣價格週一跌破 9 萬美元，觸及幾週來的最低水準。

Bitcoin, the world's leading cryptocurrency, fell to nearly $89,000 on Monday evening, according to Coinbase data from TradingView.

根據 TradingView 的 Coinbase 數據，全球領先的加密貨幣比特幣週一晚間跌至近 89,000 美元。

The digital asset was down roughly 18% from its all-time high of more than $108,000, Coinbase figures showed. Past that, it was trading at its lowest level since approximately November 19.

Coinbase 的數據顯示，該數位資產較其超過 108,000 美元的歷史高點下跌了約 18%。此後，該股的交易價格處於 11 月 19 日左右以來的最低水平。

Bitcoin prices reached a new low of $89,000 on Monday evening. Several analysts weighed in on what may have caused the latest declines.

週一晚間，比特幣價格觸及 89,000 美元的新低。幾位分析師對導致最近下跌的原因進行了權衡。

“Bitcoin's recent plunge below $90,000 likely stems from a mix of factors, including macroeconomic pressures like rising interest rates and recession fears, regulatory concerns, and cascading liquidations from leveraged positions,” Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, wrote via emailed comments.

加密貨幣對沖基金管理公司BitBull Capital 的執行長Joe DiPasquale 寫道：「比特幣最近跌破90,000 美元可能源於多種因素，包括利率上升和衰退擔憂等宏觀經濟壓力、監管擔憂以及槓桿頭寸的級聯清算。

“Market sentiment may also have been shaken by profit-taking, reduced institutional adoption news, or technical breaches of key support levels, all of which compounded the sell-off,” he added.

他補充說：“市場情緒也可能因獲利了結、機構採用消息減少或技術突破關鍵支撐位而動搖，所有這些都加劇了拋售。”

Several market observers highlighted how strong economic data has shifted expectations many have for Federal Reserve rate cuts and the impact this has had on risk assets.

一些市場觀察家強調了強勁的經濟數據如何改變了許多人對聯準會降息的預期以及這對風險資產的影響。

“Bitcoin's price has been extremely correlated to the equities market in recent weeks, which has been under material pressure,” Steven Lubka, head of Swan Private at Swan Bitcoin, stated via emailed comments.

Swan Bitcoin 的 Swan Private 主管 Steven Lubka 在電子郵件評論中表示：“最近幾週，比特幣的價格與股票市場高度相關，股票市場一直承受著巨大的壓力。”

“This is due to economic data coming out that has caused traders to walk back all cut expectations for the Federal Reserve over 2025. Traders no longer expect any cuts. My opinion is that this is almost certainly incorrect and will cut, but changing sentiment has dragged down the S&P into what was a little over a 5% correction at the low this morning.”

「這是由於公佈的經濟數據導致交易員回撤了對聯準會 2025 年降息的所有預期。交易員不再預期會出現任何降息。我的觀點是，這幾乎肯定是不正確的，並且會下跌，但情緒的變化已經拖累標普500指數在今早的低點回調了略高於5%的水平。

“This had a strong impact on the Bitcoin price,” Lubka emphasized.

「這對比特幣價格產生了強烈影響，」盧布卡強調。

Greg Magadini, director of derivatives for digital asset data provider Amberdata, also commented on these matters.

數位資產數據提供商 Amberdata 衍生性商品總監 Greg Magadini 也對這些問題發表了評論。

“The stock market (and risk-assets) continue to be sensitive to the treasury yield curve and the expectation for future Fed cuts, since the hawkish rhetoric in December’s FOMC” statement, he said via email.

他透過電子郵件表示，「自從 12 月 FOMC 發表鷹派言論以來，股市（和風險資產）繼續對國債殖利率曲線和聯準會未來降息的預期敏感」。

The market observer noted that following last month's FOMC policy meeting, the minutes indicated the Fed policymakers are “comfortable holding rates higher for longer.”

市場觀察家指出，上個月聯邦公開市場委員會(FOMC)政策會議後的會議紀錄顯示，聯準會政策制定者「願意在更長時間內維持較高利率」。

“With a strong labor market, potential price tag inflation from tariffs, and the shrinking of the low-wage labor force from immigration policy reforms, the US rate curve could definitely remain a drag on stocks and risk assets if inflation picks up again,” Magadini stated.

「由於勞動市場強勁，關稅可能導致物價上漲，以及移民政策改革導致低工資勞動力萎縮，如果通膨再次上升，美國利率曲線肯定會繼續拖累股市和風險資產。」馬加迪尼說。

“Keep in mind that equity risk-premium (the additional return over risk-free bonds) remains historically low, which explains the bearish equity reaction as yields move higher, despite the strong economy,” he added. “Although inflation could be bullish for Crypto and Gold in the longer term, the immediate impact is a reflex for prices to drop lower as rate expectations shift towards ‘higher for longer.’”

「請記住，股票風險溢價（無風險債券的額外回報）仍處於歷史低位，這解釋了儘管經濟強勁，但隨著收益率走高，股票會出現看跌反應，」他補充道。 “雖然從長遠來看，通膨可能對加密貨幣和黃金有利，但其直接影響是，隨著利率預期轉向‘長期走高’，價格會下跌。”

Sifling, wealth manager for Gerber Kawasaki Wealth & Investment Management, spoke to the expectations surrounding the FOMC, but also highlighted some other factors when explaining the latest price movements of the world's most valuable digital currency.

格柏川崎財富與投資管理公司 (Gerber Kawasaki Wealth & Investment Management) 的財富經理 Sifling 談到了對 FOMC 的預期，但在解釋全球最有價值的數位貨幣的最新價格走勢時，也強調了一些其他因素。

“As for Bitcoin, it seems like this sell off is from continued risk-off sentiment and news that the U.S. government gained court approval to sell their massive Bitcoin stockpile acquired from the Silk Road days,” he stated via email.

「至於比特幣，這次拋售似乎是由於持續的避險情緒以及美國政府獲得法院批准出售其從絲綢之路時代獲得的大量比特幣庫存的消息，」他透過電子郵件表示。

“This doesn't mean that the U.S. will sell all of their holdings, but the expectation is that they’ll auction off the crypto as it does with other assets like real estate or cars,” Sifling added. “In terms of key developments bitcoin investors should monitor over the coming weeks and months, he offered his thoughts.”

「這並不意味著美國將出售其所有資產，但預計他們將像拍賣房地產或汽車等其他資產一樣拍賣加密貨幣，」Sifling 補充道。 “就比特幣投資者在未來幾週和幾個月內應關注的關鍵發展而言，他提出了自己的想法。”

Sifling owns some bitcoin, bitcoin cash, litecoin, ether, EOS and SOL. His commentary in this article is for educational purposes only and not intended to be a recommendation to buy or sell any资产.

Sifling 擁有一些比特幣、比特幣現金、萊特幣、以太幣、EOS 和 SOL。他在本文中的評論僅供教育目的，無意作為購買或出售任何資產的建議。