標題：比特幣BTC/USD在過去七天中下跌了14％

在過去的七天中，比特幣BTC/USD下跌了14％，促使專家就這種糾正中的流動性扮演的角色進行了辯論。

Bitcoin BTC/USD has declined by 14% over the past seven days, prompting experts to discuss the role of receding liquidity in this correction.

在過去的七天中，比特幣BTC/USD下降了14％，促使專家討論了退化流動性在此更正中的作用。

According to a detailed thread on X by UnlimitedFnds Chief Investment Officer Bob Elliott, the post-election crypto rally is winding down, with many assets completing full round trips from their highs.

根據Unlimitedfnds首席投資官Bob Elliott在X上的詳細線程，選舉後的加密集會正在結束，許多資產都從其高點完成了完整的往返。

Bitcoin has dropped 20% from its post-election peak, indicating weakness across crypto markets.

比特幣從大選後峰值下降了20％，表明整個加密貨幣市場的疲軟。

Cryptocurrency Prices Today

當今的加密貨幣價格

Campione: "We’re tracking a 20% pullback in BTC from the post-election high, which also coincides with a 20% pullback in ETH from its post-election high (and new all-time high). In aggregate, over the past seven days, we’re seeing weakness across the board in crypto markets."

坎普恩（Campione）：“我們正在從大選後的高中追踪BTC的20％回調，這也與ETH的20％回馬相吻合，從其大選後的高中（和新的歷史最高水平）。在過去的七天中，我們在過去的七天中總共看到了董事會的疲軟。”

Elliott highlighted that several assets have fully reversed their recent gains.

埃利奧特（Elliott）強調，幾個資產已經完全扭轉了他們最近的收益。

* Ethereum ETH/USD and Solana SOL/USD have erased their post-election gains, signaling broader market-wide risk aversion.

*以太坊ETH/USD和SOLANA SOL/USD刪除了他們的選舉後收益，這表明了更廣泛的市場風險規避。

* Crypto-related equities, including Strategy MSTR, have fully reversed their recent gains.

*與加密相關的股票，包括戰略MSTR，已經完全扭轉了他們最近的收益。

* Even speculative assets are struggling—meme coin Fartcoin FARTCOIN/USD lost momentum, and Trump-themed cryptocurrencies have cooled off from their highs.

*即使是投機性資產也在掙扎中 - 最終硬幣Fartcoin Fartcoin/USD失去了動力，特朗普主題的加密貨幣也從高高處散發出來。

Why It's Important: Elliott views crypto's downturn as an early warning sign of broader liquidity withdrawal.

為什麼重要的是：Elliott將加密貨幣的衰退視為更廣泛的流動性撤離的預警信號。

As explained by Elliott, crypto benefits first from excess liquidity, making it a leading indicator for risk assets.

正如埃利奧特（Elliott）所解釋的那樣，加密貨幣首先受益於多餘的流動性，使其成為風險資產的主要指標。

"If anything, I would say that crypto is the first to benefit from excess liquidity and therefore also the first to suffer when liquidity starts to dry up. In essence, it’s a leading indicator for risk assets."

“如果有的話，我要說的是加密貨幣是第一個從多餘的流動性中受益的人，因此，當流動性開始枯竭時，也是第一次遭受的苦難。從本質上講，這是風險資產的主要指標。”

The current crypto weakness suggests that liquidity conditions are tightening ahead of 2025, which could lead to broader financial strain.

當前的加密弱點表明，在2025年之前，流動性狀況正在收緊，這可能導致更大的財務壓力。

"If anything, I think we can say that, if anything, the crypto market is the first to benefit from excess liquidity and therefore also the first to suffer when liquidity starts to dry up. In essence, it’s a leading indicator for risk assets. If we’re thinking about a 2025 time frame for the Fed to begin cutting rates and if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if, if anything, if anything, if anything, if anything, if anything, if anything, if anything,

如果有的話，我認為我們可以說，如果有的話，加密市場是第一個從多餘的流動性中受益的市場，因此在流動性開始乾燥時遭受的痛苦是第一個遭受的痛苦。從本質上講，這是風險資產的主要指標。如果我們考慮2025年的時間範圍如果，如果有的話，如果有的話，如果有的話，如果有的話如果有的話，如果有的，如果有的，如果有的，如果有的，如果有的，如果有的，