由Omkar Godbole（除非另有說明），加密市場（Crypto Market）希望在昨天的摔倒後與鍊鍊指標跌落後，希望重新獲得一些鎮定，顯示了比特幣屈服的跡象。

加密市場（Crypto Market）希望在昨天的鍊鍊指標的投擲後重新獲得一些平衡，顯示了比特幣屈服的跡象。有些令牌，例如Makerdao的MKR

The crypto market is showing signs of resilience today after yesterday's rout, with on-chain indicators suggesting capitulation in bitcoin.

加密貨幣市場今天在昨天的潰敗之後顯示出彈性的跡象，鏈上指標表明比特幣進行了投降。

Some tokens, like MakerDAO's MKR, are seeing triple-digit gains, with a 20% surge in 24 hours, driven by the DAO's buyback and burn process.

有些令牌，例如Makerdao的MKR，在DAO的回購和燃燒過程的驅動下，看到了三位數的增長，在24小時內激增了20％。

IP, the native token of decentralized intellectual property-focused blockchain Story Protocol, is also in the green, having risen nearly 40%. The token's price has doubled in two weeks after being listed on South Korean exchanges.

IP是權力下放的以知識產權的區塊鏈故事協議的本地標記，也處於綠色狀態，已上漲了近40％。在韓國交易所上市後的兩週內，代幣的價格增加了一倍。

Other notable outperformers include Celestia's TIA along with XDC, QNT and HYPE. Data tracked by blockchain sleuth Lookonchain shows whales have been buying the dip in the HYPE token. XRP, meanwhile, is hanging on to a key Fibonacci level, keeping bulls' hope for bigger gains alive.

其他值得注意的優於表現包括Celestia的TIA以及XDC，QNT和HYPE。由區塊鏈偵探Lookonchain跟踪的數據顯示，鯨魚一直在購買炒作令牌中的傾角。與此同時，XRP正在懸而未決的斐波那契級別，使公牛隊對更大的收益保持活力。

According to Matthew Hougan, chief investment officer of Bitwise Asset Management, the crypto market is digesting the end of the recent memecoin frenzy, which could be replaced by productive sectors such as stablecoins, real-world assets and DeFi. "But until they start making their presence felt, the loss of energy will create a drag on the market," Hougan said on X.

Bitwise Management的首席投資官Matthew Hougan表示，加密市場正在消化最近的Memecoin Frenzy的終結，該公司可以被穩定的領域，例如Stablecoins，Real-World Assets和Defi所取代。霍根在X上說：“但是，直到他們開始感受到自己的存在，能量損失將在市場上引起阻礙。”

On the macroeconomic front, the optimism seen after the Nov. 4 election is being replaced by caution, as evidenced by Tuesday's release of the U.S. consumer confidence. The gauge dropped to an eight-month low, and the one-year inflation expectations were highest for 1.5 years, with President Donald Trump's tariffs singled out as the primary concern in almost every household and business survey.

在宏觀經濟方面，11月4日大選後看到的樂觀情緒被謹慎取代，這證明了周二發布美國消費者信心的樂觀。量規降至八個月的低點，一年的通貨膨脹期望在1。5年中最高，唐納德·特朗普總統的關稅幾乎是每項家庭和商業調查中的主要關注點。

The dour sentiment and a strengthening yen might keep the upside in risk assets restricted for some time. Earlier this week, Belgium's central bank's head, Pierre Wunsch, warned that the ECB risks sleep-walking into too many rate cuts. The Fed, for its part, is unlikely to do QE anytime soon. (Sure, the January meeting minutes discussed an end of quantitive tightening, but that does not mean quantitative easing.)

杜爾的情緒和加強日元可能會限制風險資產的上升空間一段時間。本週早些時候，比利時中央銀行的負責人皮埃爾·旺斯（Pierre Wunsch）警告說，歐洲央行有可能降低速度太多。美聯儲不太可能很快就會做QE。 （當然，一月份的會議記錄討論了定量收緊的結束，但這並不意味著定量寬鬆。）

Speaking of key events to watch out for, the Senate Banking Committee, led by Senator Cynthia Lummis, is set to revisit crypto regulations during Wednesday's scheduled hearing titled “Exploring Bipartisan Legislative Frameworks for Digital Assets.”

說到要注意的關鍵事件，參議員辛西婭·盧米斯（Cynthia Lummis）領導的參議院銀行委員會將在周三的預定聽證會上重新審視加密法規，標題為“探索數字資產的兩黨立法框架”。

What to Watch

看什麼

Token Events

令牌事件

Conferences

會議

Token Talk

代幣談話

By Francisco Rodrigues

弗朗西斯科·羅德里格斯（Francisco Rodrigues）

Derivatives Positioning

衍生物定位

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：

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