每週的機構見解：比特幣（BTC）在過去的一個週末看到略有生活

我們每週的機構見解探討了最新的市場發展 - 市場績效，行業新聞，趨勢主題，即將到來的活動和代幣解鎖

March 17, 2025: Our weekly Institutional Insights are here to keep you updated on the latest market developments. From market performance and industry news to exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks, we aim to help you supercharge your crypto trading.

2025年3月17日：我們每週的機構見解都可以使您了解最新的市場發展。從市場績效和行業新聞到交易所交易基金（ETF）流，趨勢主題，即將到來的活動和代幣解鎖，我們旨在幫助您增強加密貨幣交易。

Enjoy our weekly take on the market!

享受我們每週在市場上！

Weekly highlight — consumer sentiment falls

每周亮點 - 消費者情緒瀑布

Source: Bloomberg

資料來源：彭博

US consumer sentiment has fallen to its lowest level in over two years as the impact of tariffs on household finances continues to weigh. The preliminary reading of the University of Michigan’s consumer sentiment index for March 2025 dropped to 57.9 from February’s 64.7, the lowest since November 2022, and worse than a Bloomberg survey of economists.

由於關稅對家庭財政的影響持續不斷，美國消費者情緒在兩年以來一直降至最低水平。密歇根大學的消費者情感指數的初步閱讀從2月的64.7（自2022年11月以來最低）下降到57.9，比彭博對經濟學家的調查差。

The index is now at its weakest point since October 2022.

自2022年10月以來，該指數目前處於其最弱點。

The survey also showed a record low in consumers’ assessment of their own financial standing over the past year, with only 48.7% anticipating gains in the stock market over the coming 12 months.

該調查還顯示，過去一年中，消費者對自己的財務狀況的評估較低，只有48.7％的人預計在未來12個月內股市的增長。

"Consumers are reporting an unusually high level of uncertainty, especially about the stability of the economic outlook, which bodes ill for consumers’ ability to plan for the future," said Joanne Hsu, Director of the Surveys of Consumers at the University of Michigan.

密歇根大學消費者調查局長喬安妮（Joanne Hsu）表示：“消費者報告的不確定性非常高，尤其是關於經濟前景的穩定，這使消費者對未來計劃計劃的能力不利。”

Some analysts cautioned that the decline in consumer confidence could significantly impact spending. As concerns over an economic downturn escalate, consumers may delay or cancel purchases of major items.

一些分析師警告說，消費者信心的下降可能會嚴重影響支出。隨著對經濟低迷的擔憂升級，消費者可能會延遲或取消主要項目的購買。

The current conditions gauge and the expectations index both fell to their lowest levels in several months, highlighting a broad-ranging apprehension among consumers.

當前條件量規和預期指數在幾個月內都下降到其最低水平，強調了消費者的廣泛憂慮。

Weekly crypto highlight — Bitcoin see slight life in the past weekend

每週加密透支 - 比特幣在過去的周末看到淡淡的生活

Bitcoin rebounded from a four-month low earlier this week as other risky assets recovered from recent market turmoil. Economic uncertainties, driven by a wave of tariffs from President Donald Trump and the threat of a government shutdown, sparked significant sell-offs across various asset classes, including cryptocurrencies.

隨著其他風險資產從最近的市場動盪中回收，比特幣從本週早些時候的四個月低點反彈。經濟不確定性是由唐納德·特朗普總統的一系列關稅和政府關閉的威脅驅動的，引發了包括加密貨幣在內的各種資產類別的大量拋售。

“As we conclude a week of widespread selling, markets are now experiencing a relief rally from oversold conditions and⁷ e e out of pessimism,” said Ravi Doshi, Co-Head of Markets at FalconX. Ultimately, the deferral of a US government funding lapse has alleviated a source of macroeconomic uncertainty.”

Falconx市場共同負責人Ravi Doshi說：“正如我們總結一周的廣泛銷售，市場現在正在從過度售出的條件和悲觀主義中脫穎而出。”最終，美國政府資金失誤的延期減輕了宏觀經濟不確定性的來源。”

BTC price. Source: Bybit

BTC價格。資料來源：bybit

On Friday, Bitcoin rose by as much as 6.2%, reaching $85,301, while smaller digital assets surged even more: Solana gained over 9%, Chainlink increased by 13% and XRP rose nearly 8%. Earlier in the week, Bitcoin dropped to around $77,000, a significant decline from its all-time high of $109,000 in January 2025.

週五，比特幣上漲了6.2％，達到85,301美元，而較小的數字資產也增加了更多：Solana上漲了9％以上，Chainlink增長了13％，XRP增長了近8％。在本週早些時候，比特幣降至77,000美元左右，其歷史最高點的高度下降了2025年1月的109,000美元。

This slump triggered record outflows from Bitcoin exchange-traded funds and large liquidations in crypto derivatives markets. Crypto markets are quickly recovering as these macro-driven liquidations appear to be pausing. According to Ben Casella, an analyst at Defiance Scale Vector ETF, further stability in the macroeconomic sphere may provide additional support for crypto prices.

這種低迷觸發了來自比特幣交易所交易基金和加密衍生品市場中大量清算的記錄流出。加密市場正在迅速恢復，因為這些宏觀驅動的清算似乎正在暫停。根據反抗量表向量ETF的分析師本·卡塞拉（Ben Casella）的說法，宏觀經濟領域的進一步穩定性可能為加密價格提供額外的支持。

Want to know what is next? Read more here.

想知道下一步是什麼嗎？在這裡閱讀更多。

Other top-performing tokens

其他表現最好的令牌

Token

令牌

Catalyst

催化劑

Sonic (S)

聲音

The S token is up 7.9% after 0xGasless launched AgentKit on Sonic, enabling AI-powered gasless on-chain automation. Read more here.

在0xgasless啟動Sonic的Agentkit之後，S令牌上漲了7.9％，使AI驅動的無氣鏈自動化。在這裡閱讀更多。

Celestia (TIA)

Celestia（TIA）

With Celestia integration, TIA is up 12.1% following Citrea’s launch of Bitcoin AppChains. Read more here.

隨著Celestia的整合，TIA在Citrea推出比特幣Appchains後增長了12.1％。在這裡閱讀更多。

Story (IP)

故事（IP）

The IP token is up 8.0% following the Story protocol’s IP Portal Public Preview launch. Read more here.

在故事協議的IP Portal Public Preview發布之後，IP令牌上漲了8.0％。在這裡閱讀更多。