歷史會重演嗎？比特幣（BTC）的懸而未決的價格低於其關鍵水平的$ 80K

比特幣達到了$ 109K的光榮高點之後，其懸而未決的價格低於其關鍵水平80,000美元。

Bitcoin is hanging at $80K, crucial levels at $70K, faces crucial point ,

比特幣的價格為$ 80K，至關重要的價格為7萬美元，面對關鍵點，

Also, there is no doubt that the current crypto market is at a critical turning point, and with the Government’s plan to use the existing bitcoin the market is back to square one. Experts at 10x Research believe history is repeating itself.

同樣，毫無疑問，當前的加密市場正處於關鍵的轉折點，並且隨著政府使用現有的比特幣的計劃，市場又回到了廣場。 10倍研究的專家認為，歷史正在重演。

The Same Story, Different Year

同一個故事，不同的一年

Every crypto bull begins with big promises and catchy slogans, trying to convince people that prices will never stop rising. But when the hype dies down, reality sets in. For example, 10x Research highlights how Ripple (XRP) became the second-largest cryptocurrency in 2017, but in 2021, it couldn’t reclaim its position. Similarly, Ethereum was the star of the last bull run with DeFi and NFTs, but now, in 2025, meme coins and Solana are leading the hype.

每個加密公牛都以巨大的承諾和引人入勝的口號開始，試圖說服人們價格將永遠不會停止上漲。但是，當炒作消失時，現實就開始了。例如，10倍研究強調了Ripple（XRP）如何成為2017年第二大加密貨幣，但在2021年，它無法恢復其位置。同樣，以太坊是最後一位帶有defi和nfts的公牛奔跑的明星，但是現在，在2025年，Meme Coins和Solana正在領導炒作。

Of course, the majority of coins haven’t managed to impress this year. For instance, Solana is down 59% from its peak and is currently battling the $120-$130 support range. A break below could signal a further downside. Recently, Trump’s Solana-based meme coin, TRUMP, also plunged to $10.50, dropping over 85% from its January peak of $73.43. The decline coincides with broader market selloffs, affecting Bitcoin, Ethereum, and traditional indices.

當然，大多數硬幣今年還沒有給人留下深刻的印象。例如，索拉納（Solana）的峰值下降了59％，目前正在與$ 120- $ 130的支持範圍作鬥爭。下面的休息可能會進一步表明缺點。最近，特朗普總部位於索拉納的模因硬幣特朗普（Trump）也跌至10.50美元，從1月份的峰值73.43美元下降了85％以上。下降與更廣泛的市場拋售相吻合，影響比特幣，以太坊和傳統指數。

Institutions Win, Retail Investors Struggle

機構獲勝，散戶投資者掙扎

Another pattern is how big institutions manage to take advantage of the market while smaller investors struggle to keep up. In past cycles, institutions profited by trading the interest rate differences between DeFi and traditional finance. This time, they’re making money from the gap between the Bitcoin spot and futures markets.

另一種模式是，大型機構如何利用市場，而小型投資者則難以跟上市場。在過去的周期中，機構通過交易Defi和傳統金融之間的利率差異而獲利。這次，他們從比特幣現場和期貨市場之間的差距中賺錢。

However, everyday traders are finding it difficult to compete and are now realising how the game is played. They're struggling to make money, leading some to withdraw from the market completely.

但是，日常交易者發現很難競爭，現在正在意識到遊戲的玩法。他們正在努力賺錢，導致一些人完全退出市場。

Will History Repeat?

歷史會重複嗎？

This cycle differs from 2018 mainly due to the rise of Bitcoin ETFs, which have attracted massive institutional inflows, helping to mitigate economic pressures.

該週期與2018年的不同之處主要是由於比特幣ETF的增加，這些比特幣ETF吸引了大量的機構流入，有助於減輕經濟壓力。

While Trump’s new tariffs have shaken markets and strengthened the U.S. dollar, Bitcoin has shown resilience by holding key support levels. Exchange balances are at a six-year low, signaling strong accumulation, and large withdrawals suggest growing investor confidence.

儘管特朗普的新關稅卻震驚了市場並加強了美元，但比特幣通過保持關鍵支持水平表現出韌性。交換餘額處於六年的低點，信號積累了強勁的積累，大量提款表明投資者的信心不斷增長。

suggesting that his administration in the past had a negative impact on crypto.

暗示他過去的政府對加密貨幣有負面影響。

On the other hand, Rekt Capital points out that Bitcoin corrections are a natural part of every bull cycle. In this run alone, BTC has seen multiple pullbacks, with the latest reaching -28 %, reinforcing the idea that dips are expected in strong uptrends.

另一方面，Rekt Capital指出，比特幣校正是每個公牛週期的自然部分。僅在這次奔跑中，BTC就會看到多個回調，最新的達到-28％，這加強了預期在強勁上升趨勢中降低的想法。

What Next?

接下來是什麼？

According to a crypto analyst, Bitcoin's returns are shrinking each cycle, and on-chain data reveals a clear pattern. Long-term holder MVRV peaks have dropped consistently, and Bitcoin's cycle gains have also declined—from 80x in 2017 to 20x in 2021 and now just 6.6x in 2025. While it's not yet clear if this cycle has peaked, the data suggests that a top may be in sight.

根據一位加密分析師的說法，比特幣的回報正在收縮每個週期，並且鏈數據揭示了一個清晰的模式。長期持有人MVRV峰值始終下降，比特幣的周期增長率也下降了 - 從2017年的80倍到2021年的20倍，現在在2025年的6.6倍。雖然尚不清楚這個週期是否達到峰值，但數據表明，頂部可能會看到頂部。

The post History Repeats Itself As Trump's New Tariffs Weigh On Bitcoin At Crucial Support

當特朗普的新關稅對比特幣保持關鍵支持時，歷史上的歷史重複了