在考慮比特幣（BTC）的價格動作時，兩種矛盾的哲學都會想到

詹姆斯·範·斯特拉滕（James van Straten）（除非另有說明），詹姆斯·範·斯特拉滕（James van Straten）在考慮最近的比特幣（BTC）價格動作時，就會想到兩種矛盾的哲學。

output: Two contradictory philosophies jump to mind when considering bitcoin's (BTC) price action of late.

輸出：當考慮比特幣（BTC）最近的價格行動時，兩種矛盾的哲學都會想到。

Do you "buy when there is blood in the streets" or perhaps "don't catch a falling knife."?

您是否“在街道上有鮮血時購買”，或者也許是“不要釣到掉落的刀”。

Which applies in today's market, the day after the largest cryptocurrency posted its steepest three-day decline since the collapse of FTX in 2022? The drop left BTC 25% below January's all-time high, despite the advent of President Donald Trump's pro-crypto administration.

自2022年FTX崩潰以來，最大的加密貨幣最大的三天下降的第二天，適用於當今市場？儘管總統唐納德·特朗普（Donald Trump）的親克萊托普（Crypto）政府出現了，但下降使BTC低於一月份的歷史最高水平。

It's no surprise the largest hack in crypto history has shaken investor sentiment. Add to that the memecoin frenzy, which pulled liquidity out of the broader market.

毫不奇怪，加密歷史上最大的黑客動搖了投資者的情緒。此外，Memecoin Frenzy將流動性從更廣泛的市場中撤出。

That said, in previous cycles so-called bull-market corrections have seen bitcoin tumbling as much as 35%. Given that BTC hasn't had a meaningful pullback since the yen carry trade unwind last August, the current situation is almost normal.

也就是說，在以前的周期中，所謂的牛市校正使比特幣跌落了35％。鑑於BTC自去年八月日元攜帶貿易以來沒有有意義的回調，因此目前的情況幾乎是正常的。

CoinDesk research showed that bitcoin was trading in an extremely tight range for a meaningful period, and a breakout of the channel was bound to happen. On-chain data tells us that bitcoin recently bounced off its 200-day-moving average or roughly $81,800. While short-term holders are selling — panic sales, perhaps? — at the highest level since August, because they have held BTC for 155 days or less they are usually seen as a signal of some form of capitulation in the market.

Coindesk Research表明，比特幣在一個有意義的時期處於極為緊張的範圍內，渠道的突破必然會發生。鏈上的數據告訴我們，比特幣最近從200天的平均值中反彈，約為81,800美元。雖然短期持有人正在出售 - 也許是恐慌銷售？ - 自八月以來的最高水平，因為它們已經持有BTC 155天或更短的時間，通常被視為市場上某種形式的投降信號。

BlackRock's IBIT saw record outflows on Wednesday. However, it's not all bad news. A huge expansion deal was made for Core Scientific (CORZ), while MARA Holdings (MARA) reported strong earnings, with both stocks up more than 10% before the open. Meanwhile, NVIDIA (NVDA) beat fourth-quarter estimates to calm investors' nerves. Stay tuned!

貝萊德（Blackrock）的伊比特（Ibit）在周三看到了唱片流出。但是，這並不是所有的壞消息。核心科學（CORZ）達成了一項巨大的擴張協議，而Mara Holdings（Mara）報告的收入很高，兩股股票在開放前上漲了10％以上。同時，NVIDIA（NVDA）擊敗了第四季度的估計，以使投資者保持緊張感。敬請關注！

What to WatchToken Events

守望事件

Coinbase (COIN) is set to report fourth-quarter earnings on Thursday. The company's earnings will be closely watched by investors, who will be looking for signs of strength in the cryptocurrency market.

Coinbase（Coin）定於週四舉報第四季度的收益。投資者將密切關注公司的收入，他們將在加密貨幣市場中尋找實力的跡象。

Conferences

會議

The World Economic Forum's Annual Meeting will take place in Davos, Switzerland, from January 18 to 22. The conference will bring together political, business, and academic leaders from around the world to discuss pressing issues facing the global community.

世界經濟論壇的年度會議將於1月18日至22日在瑞士的達沃斯舉行。會議將匯集來自世界各地的政治，商業和學術領導者，討論全球社區面臨的緊迫問題。

Token Talk

代幣談話

The memecoin frenzy continues, with new tokens emerging on a daily basis. Some of the most popular memecoins include PEPE, SHIB, and DOGECOIN.

Memecoin Frenzy仍在繼續，每天都會出現新的代幣。一些最受歡迎的紀念物包括Pepe，Shib和Dogecoin。

Derivatives Positioning

衍生物定位

The latest Commitment of Traders report from the Commodity Futures Trading Commission (CFTC) showed that leveraged funds increased their net short position in the S&P 500 futures market in the week ended January 3.

商品期貨交易委員會（CFTC）的交易者報告的最新承諾表明，槓桿資金在截至1月3日的一周中提高了其在標準普爾500指數期貨市場中的淨淨職位。

Market Movements:

市場變動：

Bitcoin Stats:

比特幣統計：

Technical Analysis

技術分析

Crypto Equities

加密股票

ETF Flows

ETF流

Spot BTC ETFs:

SPOT BTC ETF：

The U.S. Securities and Exchange Commission (SEC) has yet to approve any spot bitcoin ETFs, despite the fact that several applications have been pending for over a year.

美國證券交易委員會（SEC）尚未批准任何現場比特幣ETF，儘管有幾個申請已待一年以上。

Spot ETH ETFs

點ETH ETF

Source: Farside Investors

資料來源：Farside Investors

Overnight Flows

隔夜流動

Chart of the Day

日圖

While You Were Sleeping

當你睡覺的時候

In the Ether

在以太