比特幣下跌後，Meme 幣崩盤，但它們有可能反彈

由於加密貨幣前景惡化，許多散戶繼續恐慌拋售，大多數模因幣本週暴跌。

The prices of most meme coins have crashed this week as many retail traders continue to sell in panic due to the worsening outlook in the crypto market.

由於加密貨幣市場前景惡化，許多散戶繼續恐慌拋售，大多數迷因幣的價格本週暴跌。

According to data from CoinGecko on Dec. 13, the market cap of all meme coins plunged by 12% to $113 billion.

根據 CoinGecko 12 月 13 日的數據，所有 meme 幣的市值暴跌 12% 至 1,130 億美元。

As most meme coins plunged, the sell-off was more pronounced among smaller tokens. For instance, Brett (BRETT), the biggest meme coin in the Base Blockchain, fell by 11.2% on Thursday and by 23% in the last seven days.

隨著大多數迷因代幣暴跌，較小代幣的拋售更為明顯。例如，基礎區塊鏈中最大的迷因幣 Brett (BRETT) 週四下跌了 11.2%，在過去 7 天內下跌了 23%。

Moreover, Peanut the Squirrel (PNUT), a Solana meme coin that went viral recently, has plunged by 40% in the last seven days. In another development, Popcat (POPCAT), Turbo, and Mog Coin were among the worst-performing cryptocurrencies.

此外，最近火爆的 Solana 迷因幣 Peanut the Squirrel (PNUT) 在過去 7 天內暴跌了 40%。在另一個進展中，Popcat (POPCAT)、Turbo 和 Mog Coin 是表現最差的加密貨幣之一。

On the other hand, the market cap of all Solana meme coins dropped by 15% to $15.5 billion.

另一方面，所有 Solana meme 代幣的市值下降了 15% 至 155 億美元。

The crash in meme coins comes in response to the ongoing performance of Bitcoin (BTC). As we reported earlier this week, Bitcoin plunged below $100,000 after briefly soaring to a record high of $108,200.

迷因幣的暴跌是對比特幣（BTC）持續表現的回應。正如我們本週早些時候報導的那樣，比特幣在短暫飆升至 108,200 美元的歷史高點後，暴跌至 10 萬美元以下。

Bitcoin has dropped due to profit-taking and jitters over the hawkish Federal Reserve, which, in its last meeting of the year, warned that it will deliver just two cuts in 2024 amid concerns about inflation.

由於獲利了結和對鷹派聯準會的不安，比特幣價格下跌。

Meme coins crashed after Bitcoin fell

比特幣下跌後，Meme 幣崩潰了

Meme coins always drop when Bitcoin slips. However, their retreat is usually more severe because most of them are held by retail investors riding the bullish wave.

當比特幣下跌時，Meme 幣總是會下跌。然而，它們的回撤通常更為嚴重，因為它們大多數是乘著牛市浪潮的散戶所持有的。

This is unlike Bitcoin, which has huge institutional investors such as MicroStrategy, Marathon Digital, and Tesla, among others. Bitcoin ETFs also have over $115 billion in assets. Historically, institutional investors have a longer investment horizon than retail traders.

這與比特幣不同，比特幣擁有 MicroStrategy、Marathon Digital 和 Tesla 等龐大的機構投資者。比特幣 ETF 的資產也超過 1,150 億美元。從歷史上看，機構投資者的投資期限比散戶交易者更長。

A good example of this selling is in on-chain metrics. According to Nansen, the number of smart money investors in Peanut the Squirrel has dropped to just 35 from last month’s high of almost 100.

這種銷售的一個很好的例子是鏈上指標。 Nansen 表示，Peanut the Squirrel 的精明投資者數量已從上個月接近 100 人的高點降至 35 人。

The same trend is also happening in Brett, where the number of smart money holders and their balances have dropped in the past few weeks.

同樣的趨勢也發生在布雷特，過去幾週，聰明貨幣持有者的數量及其餘額有所下降。

At the moment, Brett has about 40 smart money holders, while their balances have fallen to their lowest level in months.

目前，Brett 擁有約 40 位精明資金持有者，而他們的餘額已降至數月來的最低水準。

Will meme coins rebound?

米姆幣會反彈嗎？

There is a likelihood that Bitcoins and these meme coins will bounce back for three reasons.

比特幣和這些模因硬幣可能會因三個原因而反彈。

First, Bitcoin is still in an uptrend, with this retreat being a breather. Technicals suggest that the Bitcoin price will peak at around $122,000 in this bullish cycle.

首先，比特幣仍處於上升趨勢，這次回落只是喘息的機會。技術面顯示，在此牛市週期中，比特幣價格將達到 122,000 美元左右的峰值。

It is not uncommon for Bitcoin to retreat after hitting a key resistance. For example, it went through a prolonged consolidation when it rose to an all-time high in March.

比特幣在觸及關鍵阻力位後回落的情況並不罕見。例如，當它在三月升至歷史新高時，它經歷了長時間的盤整。

Second, historically Bitcoin – and altcoins – do well during the first quarter of the year. Data by CoinGlass shows that the average Bitcoin return in the Q1 is 56%.

其次，從歷史上看，比特幣和山寨幣在今年第一季表現良好。 CoinGlass的數據顯示，第一季比特幣平均回報率為56%。

This makes it the second-best quarter after the fourth quarter, meaning that there are odds that they will bounce back in Q1.

這使其成為繼第四季之後第二好的季度，這意味著他們有可能在第一季反彈。

Third, financial assets often overreact when there is a major event and then moderate as traders adjust to the new normal.

第三，金融資產在發生重大事件時往往會反應過度，然後隨著交易者適應新常態而有所緩解。

A good example of this was in March 2020, when stocks and crypto plunged after COVID was declared an emergency. They then bounced back and reached an all-time high.

2020 年 3 月就是一個很好的例子，在新冠疫情宣布進入緊急狀態後，股票和加密貨幣暴跌。然後它們反彈並達到歷史新高。