標題：這是不斷浸入的蘸料

比特幣週五早些時候又有一次命中，下降到80,000美元以下，2月下降到20％以上

It's the dip that keeps on dipping.

這是不斷浸入的蘸料。

Bitcoin took another hit early Friday, falling below $80,000 and February's decline to over 20%. That spurred a bloodbath in the broader crypto market, with ether sliding below $2,100, a level it managed to hold since August.

比特幣週五早些時候再次受到打擊，下降到80,000美元以下，2月的下降到20％以上。這刺激了更廣泛的加密貨幣市場的血液浴，以太滑行低於2,100美元，這是自八月以來設法持有的水平。

It's not just crypto.

這不僅是加密。

The threat of U.S. President Donald Trump imposing tariffs on Canada, Mexico and China saw traders rotating out of riskier assets, leading to a sell-off in growth-sensitive commodity currencies, such as the Australian, New Zealand and Canadian dollars.

美國總統唐納德·特朗普（Donald Trump）對加拿大，墨西哥和中國征收關稅的威脅使商人從風險較高的資產中旋轉，導致賣出了增長敏感的商品貨幣，例如澳大利亞人，新西蘭和加拿大的美元。

These moves, which saw the VIX, or Wall Street's so-called fear gauge, rise by 14%, are also putting pressure on the administration to quickly carry out the reciprocal tariff plan, which is meant to align U.S. trade duties with those of other nations.

這些舉動看到VIX或華爾街所謂的恐懼量表上升了14％，也向政府施加壓力，要求其迅速執行互惠關稅計劃，該計劃旨在使美國貿易職責與其他國家的貿易職責保持一致。

"U.S. domestic policies have become unstable, and the White House seems happy to take advantage of this instability," said Griffin Ardern, head of options trading and research at crypto financial platform BloFin. "Given the challenges investors face in obtaining accurate forward-looking guidance, many are more inclined to hold low-volatility assets such as the dollar or U.S. bonds.

Crypto Financial Platform Blofin的期權交易和研究主管Griffin Ardern說：“美國國內政策變得不穩定，白宮似乎很樂意利用這種不穩定。” “鑑於投資者在獲得準確的前瞻性指導方面面臨的挑戰，許多人更傾向於持有低揮發性資產，例如美元或美國債券。

"At the same time, traders need to liquidate positions to reduce their exposure to specific assets before transitioning to other markets, which explains the decline across almost all asset classes, including cryptocurrencies."

“同時，交易者需要清算頭寸，以在過渡到其他市場之前減少其對特定資產的影響，這解釋了包括加密貨幣在內的幾乎所有資產類別的下降。”

These moves saw the 30-day implied volatility in bitcoin, which is tracked by Volmex BVIV, rise by 10%, while the MOVE index, which measures the implied volatility of U.S. Treasury notes, saw an equal increase.

這些舉動看到，比特幣中的30天隱含波動率在Volmex Bviv跟踪的情況下上升了10％，而移動指數（衡量了美國國庫註釋的隱含波動率）的增長相等。

This volatility looks set to remain heightened, with President Trump reportedly scheduled to speak later on Friday.

據報導，特朗普總統定於週五晚些時候發表講話，這種波動似乎將保持增強。

In the meantime, those hoping for a significant rebound in risk assets based on personal consumption data may be disappointed because anticipated soft readings could be overshadowed by tariff concerns and rising forward-looking inflation metrics.

同時，那些希望基於個人消費數據獲得大量風險資產反彈的人可能會感到失望，因為預期的軟讀數可能會因關稅問題和前瞻性通貨膨脹指標而被掩蓋。

But while the outlook may seem gloomy, there were some more positive developments to report once the macro dust settles.

但是，儘管前景似乎令人沮喪，但一旦宏觀塵埃落定，還有更多積極的發展要報告。

Namely, this week saw the SEC drop charges against Uniswap, one of the leading decentralized exchanges, and mull doing the same regarding its issues with Consensys.

也就是說，本週，SEC對Uniswap的投票指控是領先的分散交易所之一，而Mull就其與Consensys的問題做了同樣的事情。

As Evgeny Gaevoy, CEO of leading market maker Wintermute, pointed out at Consensus Hong Kong last week, many are overlooking the evolving attitude of the SEC, and this is a factor the market has yet to fully price in.

正如領先的市政公司Wintermute的首席執行官Evgeny Gaevoy上週指出了香港共識，許多人忽略了SEC的不斷發展的態度，這是市場尚未完全代價的一個因素。

Plus, the decline in the basis in the CME bitcoin and ether futures, a sign of weakening demand, has stalled and from a technical analysis perspective, bitcoin is fast closing toward a potential demand zone. So, stay alert!What to WatchCrypto:March 1: Spot trading on the Arkham Exchange goes live in 17 U.S. states.

另外，CME比特幣和以太期貨的基礎下降（需求削弱的標誌）已經停滯不前，從技術分析的角度來看，比特幣正迅速邁向潛在需求區域。因此，請保持警惕！3月1日要看什麼：Arkham Exchange的現貨交易在美國17個州進行。

March 5, 2:29 a.m.: Ethereum testnet Sepolia gets the Pectra hard fork network upgrade at epoch 222464.

3月5日，上午2:29：以太坊Testnet Sepolia在Epoch 222464上獲得Pectra Hard Fork網絡升級。

March 15: Athene Network (ATH) mainnet launch.

3月15日：Athene Network（ATH）Mainnet發布。

March 24, 11:00 a.m.: Bugis network upgrade goes live on Enjin Matrixchain mainnet.

3月24日，上午11:00：Bugis Network升級將在Enjin Matrixchain Mainnet上直播。

Macro

宏

Feb. 28, 8:30 a.m.: The U.S. Bureau of Economic Analysis releases January personal consumption and expenditure data.

2月28日，上午8:30：美國經濟分析局發布了一月份的個人消費和支出數據。

Core PCE Price Index MoM Est. 0.3% vs. Prev. 0.2%

核心PCE價格指數媽媽EST。 0.3％與上一篇。 0.2％

Core PCE Price Index YoY Est. 2.6% vs. Prev. 2.8%

核心PCE價格指數YOY EST。 2.6％vs.上一條。 2.8％

PCE Price Index MoM Est. 0.3% vs. Prev. 0.3%

PCE價格索引媽媽EST。 0.3％與上一篇。 0.3％

PCE Price Index YoY Est. 2.5% vs. Prev. 2.6%

PCE價格指數YOY EST。 2.5％與上一條。 2.6％

Personal Income MoM Est. 0.3% vs. Prev. 0.4%

個人收入媽媽Est。 0.3％與上一篇。 0.4％

Personal Spending MoM Est. 0.1% vs. Prev. 0.7%

私人媽媽EST。 0.1％與上一篇。 0.7％

March 2, 8:45 p.m.: Caixin and S&P Global release February China manufacturing data.

3月2日，晚上8:45：Caixin和S＆P全球2月份中國製造數據。

Manufacturing PMI Prev. 50.1

製造PMI上一條。 50.1

EarningsMarch 6 (TBC): Bitfarms (BITF), $-0.04

EnationMarch 6（TBC）：Bitfarms（BitF），$ -0.04

March 17 (TBC): Bit Digital (BTDIGITAL), $-0.05

3月17日（TBC）：位數字（Btdigital），$ -0.05

March 18 (TBC): TeraWulf (WULF), $-0.03

3月18日（TBC）：Terawulf（Wulf），$ -0.03

March 24 (TBC): Galaxy Digital (TSE:GLXY), C$0.38Token EventsGovernances votes & calls

3月24日（TBC）：Galaxy Digital（TSE：GLXY），C $ 0.38TOKEN EventsGovernances投票和電話

Sky DAO is discussing the reduction of the Smart Burn Engine activity, which would effectively reduce the rate of SKY token buybacks from around 1 million USDS to 400,000

Sky Dao正在討論智能燃燒發動機活動的減少，這將有效地將Sky代幣回購的速度從約100萬USD降低到40萬USD