新鮮釋放的軟CPI數據有助於比特幣的價格恢復

隨著銷售壓力加劇，比特幣在過去幾周中經歷了總體下降趨勢。

Freshly released soft CPI data contributed to a bit of a recovery in the price of Bitcoin.

新鮮釋放的軟CPI數據有助於比特幣價格恢復。

But, while the bears appear to be in a ceasefire for now, the market is still in a state of uncertainty regarding the next move.

但是，儘管熊隊目前似乎處於停火狀態，但市場仍然處於不確定性的狀態。

Under normal circumstances, lower than expected CPI data usually triggers a much more pronounced move especially in the price of Bitcoin.

在正常情況下，低於預期的CPI數據通常會觸發更明顯的舉動，尤其是在比特幣的價格上。

This time it appears rather subdued, perhaps a reflection of the gloomy state of the market.

這次看起來很柔和，也許反映了市場的陰暗狀態。

The subdued reaction points to the prevailing concerns that the market could continue to take a beating from the bears.

柔和的反應表明，市場可能會繼續從熊隊毆打市場。

According to recent data, some Bitcoin investors have recently started selling at a loss.

根據最近的數據，一些比特幣投資者最近開始出售虧損。

Such a scenario historically occurred when investors anticipated more bearish performance.

從歷史上看，這種情況是在投資者預計更多看跌表現時發生的。

The fact that the price of Bitcoin just came off a historic peak in January suggests that the peak earlier this year was potentially a mid-cycle top.

比特幣的價格剛剛在一月份脫穎而出的事實表明，今年早些時候的高峰可能是中期的頂級。

In this case, it could be a while before it retests the same levels.

在這種情況下，可能需要一段時間才能重新測試相同的級別。

Declining Venture Capital Presence in the Segment Raises Concern

在該細分市場中的風險投資下降引起了人們的關注

Bitcoin has experienced an overall downtrend in the last few weeks as sell pressure intensified.

隨著銷售壓力加劇，比特幣在過去幾周中經歷了總體下降趨勢。

The bearish market conditions have resulted in declining institutional investor interest.

看跌的市場狀況導致機構投資者的利益下降。

Bitcoin ETFs have been experiencing heavy outflows, confirming strong bearish sentiment.

比特幣ETF一直在經歷大量的流出，證實了強烈的看跌情緒。

However, they were not the only important institutional class of investors that have recently been exiting the market.

但是，它們並不是最近退出市場的唯一重要的投資者。

Recent data also revealed that venture capital investors have recently been afraid to dip their toes in the market.

最近的數據還顯示，風險投資者最近害怕將腳趾浸入市場。

VC funding has reportedly dropped to levels last seen before 2018.

據報導，風險投資已降至2018年之前的最後水平。

While venture capital may not necessarily benefit the price of Bitcoin, the weak investment offers perspective as to how much the market has cooled.

儘管風險投資不一定會受益於比特幣的價格，但薄弱的投資提供了有關市場冷卻程度的觀點。

Will Trump’s Protectionist Policies Continue to Hammer Down on Bitcoin?

特朗普的貿易保護主義政策會繼續擊敗比特幣嗎？

U.S President Donald Trump and his administration made it clear that they are pro crypto.

美國總統唐納德·特朗普（Donald Trump）及其政府明確表示，他們是專業加密貨幣。

However, the recent tariff wars have greatly contributed to deteriorating investor sentiment.

但是，最近的關稅戰爭極大地導致了投資者的情緒惡化。

If Trump maintains this aggressive stance, then there is a chance that the price of Bitcoin could continue to drop.

如果特朗普保持這種積極的立場，那麼比特幣的價格可能會繼續下降。

The highly anticipated major rally of 2025 for price of Bitcoin may thus be downplayed.

因此，備受期待的2025年比特幣價格的大會可能會被輕描淡寫。

Retaliatory tariffs from other countries could make it harder for the U.S to combat inflation and thus interest rates may not come down soon.

來自其他國家 /地區的報復性關稅可能會使美國更難打擊通貨膨脹，因此利率可能不會很快下降。

This means liquidity flows into crypto may be restricted. On the other hand, the prospects of Bitcoin reserve in the US could revive those hopes.

這意味著流動性流入加密可能會受到限制。另一方面，美國比特幣儲備的前景可以恢復這些希望。

In addition, many might treat the bearish price of Bitcoin as an opportunity to accumulate at discounted prices.

此外，許多人可能將比特幣的看跌價格視為以折扣價積累的機會。

A strong recovery could potentially be on the cards if the market conditions and sentient improve.

如果市場狀況和有源性改善，則可能會出現強勁的恢復。