比特幣，繩索助行器的市場：$ 10萬美元和戰略回報

隨著美國的工作創造峰值達到143,000，遠非預期的169,000，比特幣表現出了舞蹈，儘管它在替代幣上占主導地位。

US employment figures disappoint, but Bitcoin dances around $100k, hinting at a unique opportunity. While the media focuses on economic forecasts, another narrative unfolds: Bitcoin's challenge to traditional markets. Amidst the Fed's paused expectations and surprising legislative advances, BTC positions itself as a mischievous outsider, ready to infiltrate mainstream finance.

美國的就業人物令人失望，但比特幣跳舞約1萬美元，暗示了一個獨特的機會。儘管媒體專注於經濟預測，但另一個敘述正在展開：比特幣對傳統市場的挑戰。在美聯儲暫停的期望和令人驚訝的立法進步之中，BTC將自己定位為頑皮的局外人，隨時準備滲透主流財務。

Bitcoin’s tightrope dance: between $100k and a strategic return

比特幣的繩索舞：$ 10萬美元和戰略回報

As US job creations peaked at 143,000 — far from the anticipated 169,000 — Bitcoin showcased a dance that was nothing short of theatrical, despite its dominance over altcoins.

隨著美國的工作創造峰值達到143,000，遠非預期的169,000人，儘管比特幣佔據了Altcoins的統治地位，但比特幣展示了一場戲劇性的舞蹈。

On February 7, at the opening of Wall Street, the crypto had a close encounter with $100,000, a key psychological threshold, before dropping back to $96,000 within a few hours. A financial yo-yo that left observers scratching their heads: was this a sign of underperformance or a tactical maneuver?

2月7日，在華爾街開業時，加密貨幣與100,000美元（一個關鍵的心理門檻）進行了近距離接觸，然後在幾個小時內降至96,000美元。一個經濟溜溜球，使觀察者撓頭：這是表現不佳還是戰術動作的跡象？

To decipher this movement, we must delve into the depths of the employment report. These washed-out figures, far from being harmless, reveal an economy that’s vulnerable to the shockwaves of high rates.

要破譯這一運動，我們必須深入研究就業報告的深處。這些被洗淨的數字遠非無害，揭示了一種容易受到高速沖擊波的經濟。

The Federal Reserve, caught between persistent inflation and an anemic growth, is forced to extend its monetary pause. As Zach Pandl of Grayscale puts it succinctly, “The market has already priced in a paralyzed Fed.”

聯邦儲備在持續的通貨膨脹和貧血增長之間被迫延長其貨幣停頓。正如Grayscale的Zach Pandl簡潔地說，“市場已經以癱瘓的美聯儲定價。”

Bitcoin, on the other hand, plays off this inertia. Deprived of rate hikes, investors fling themselves into the welcoming arms of the least conventional asset: BTC.

另一方面，比特幣彈開了這種慣性。投資者被剝奪了加息，逃離了最不傳統資產的熱情：BTC。

But behind this yo-yo between $100k and $96k lies a strategy. The post-peak drop is not a failure but a tactical retreat. The odds of a rate cut in March have dwindled to 8.5%, indicating that players are betting on a status quo.

但是在這筆溜溜球$ 10萬美元至9.6萬美元之間的背後是一種策略。峰值下降不是失敗，而是戰術靜修。 3月降低稅率的機率已減少到8.5％，表明玩家正在押注現狀。

Bitcoin, by absorbing these tensions, transforms into a barometer of the markets' steely nerves — or pent-up fears — a role it assumes with disconcerting panache.

通過吸收這些緊張局勢，比特幣轉變為市場的鋼絲計或壓抑的恐懼，它在抑制煩惱時所承擔的角色。

Legislated stablecoins

立法穩定

While employment falters, another front is activated: that of stablecoin regulation. On February 7, a bill surfaced in the US Congress, aiming to curb “endogenously collateralized stablecoins.” In other words, it bans tokens backed by self-issued crypto assets for two years. A measure that, far from stifling Bitcoin, could unexpectedly offer it a springboard.

在就業失敗的同時，另一個前部被激活：Stablecoin調節的方案。 2月7日，一項法案在美國國會大會上浮出水面，旨在遏制“內源性抵押的穩定劑”。換句話說，它禁止以自我發行的加密資產為支持的令牌兩年。這項措施遠沒有扼殺比特幣，可以意外地為它提供跳板。

How? This legislative framework, however technical it may be, serves as a trust catalyst. By legitimizing stablecoins pegged to the dollar, it attracts institutional players — those hesitant giants who demand clear rules.

如何？該立法框架多麼技術，它可能是信託催化劑。通過將穩定的穩定幣合法化，它吸引了機構球員 - 那些要求明確規則的猶豫不決的巨人。

Bitcoin, often seen as a rival to stablecoins, paradoxically stands to gain. A regulated ecosystem defuses regulatory fears, paving the way for mass adoption. The queen cryptocurrency, like a Trojan horse, takes advantage of this normalization to infiltrate traditional wallets.

比特幣通常被視為穩定的競爭對手，在矛盾的是要獲得。受監管的生態系統削弱了監管恐懼，為大眾採用鋪平了道路。女王加密貨幣，就像一匹特洛伊木馬一樣，利用這種標準化來滲透傳統錢包。

The bill also calls for a Treasury study on stablecoins, an approach that could, over time, ease their integration into mainstream finance. Bitcoin, pulling the strings from the shadows, capitalizes on this dynamic. For each regulated stablecoin is one more bridge to the adoption of digital assets. A brilliant, almost ironic, circumvention strategy.

該法案還呼籲對Stablecoins進行國庫研究，這種方法可以隨著時間的流逝而緩解其融入主流金融。比特幣從陰影中拉出琴弦，利用了這種動態。對於每個受監管的穩定幣，是通過數字資產採用的另一座橋樑。一種輝煌的，幾乎具有諷刺意味的策略。

So, an imminent peak? The indicators flash green despite the alarm from miners, but Bitcoin prefers winding paths to straight lines.

那麼，迫在眉睫的山峰？儘管礦工發出警報，但指標閃爍著綠色，但比特幣更喜歡繞線路徑而不是直線。

Amplify your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and gain access to exclusive rewards. Sign up now and start reaping the benefits.

通過我們的“閱讀賺取”計劃來擴大您的共同體驗！對於您閱讀的每篇文章，賺取積分並獲得獨家獎勵。立即註冊並開始收穫好處。

Having been fascinated by bitcoin since 2017, Evariste has been on a continuous quest to learn everything there is to know about the subject. While his initial interest lay in trading, he now actively tries to grasp all the developments centered around cryptocurrencies. As a writer, he aspires to consistently deliver high-quality work that reflects the state of the broader industry.

自2017年以來一直對比特幣著迷，Evariste一直在不斷尋求了解有關該主題的所有知識。儘管他最初的興趣是交易，但他現在積極地試圖掌握以加密貨幣為中心的所有發展。作為作家，他渴望始終如一地提供反映更廣泛行業狀況的高質量工作。