随着网络活动减少，比特币（BTC）降至100,000美元以下

随着更广泛的加密市场体验提高了波动性，比特币已降至100,000美元的门槛以下。这种低迷的恰逢

Bitcoin fell below the $100,000 threshold on March 11 as the broader crypto market experienced heightened volatility.

由于更广泛的加密货币市场的波动率提高，比特币低于3月11日的100,000美元门槛。

Triggered by US President Donald Trump’s decision to enforce stringent tariffs on major trading partners, the crypto market took a downturn, with Bitcoin shedding over 4% of its value.

由美国总统唐纳德·特朗普（Donald Trump）决定对主要贸易伙伴的严格关税的决定引发，加密货币市场下滑了，比特币降低了其价值的4％以上。

Data from BeInCrypto shows that Bitcoin initially peaked at $102,000 before succumbing to selling pressure.

Beincrypto的数据表明，比特币最初以102,000美元的价格达到顶峰，然后屈服于销售压力。

The decline follows broader market instability, with the total crypto market cap losing 5% of its value. Other major cryptocurrencies also faced steep declines.

下降是在更广泛的市场不稳定之后，总加密市值损失了其价值的5％。其他主要的加密货币也面临着急剧下降。

Ethereum, Solana, and BNB each recorded losses exceeding 7%.

以太坊，索拉纳和BNB各自记录的损失超过7％。

The increased volatility triggered a liquidation spree, wiping out over $555 million in leveraged positions, according to CoinGlass.

据Coinglass称，增加的波动率引发了清算狂潮，消除了超过5.55亿美元的杠杆位置。

More than 239,000 traders faced forced liquidations, with long traders—those betting on price increases—suffering the heaviest losses, amounting to $491 million.

超过239,000名交易者面临着强迫清算，这些交易员长期销售 - 对价格上涨的押注 - 损失了最重的损失，总计4.91亿美元。

Short traders, anticipating price declines, lost approximately $63 million.

预计价格下降的短交易者损失了约6300万美元。

The administration claims the move is designed to curb the flow of undocumented immigrants and illicit substances into the US. However, the tariffs have sparked concerns about inflationary pressure on American consumers.

政府声称，此举旨在遏制无证移民和非法物质进入美国的流动。但是，关税引发了人们对美国消费者通货膨胀压力的担忧。

In response, Canadian Prime Minister Justin Trudeau announced retaliatory measures, imposing 25% tariffs on $106 billion worth of American imports.

作为回应，加拿大总理贾斯汀·特鲁多（Justin Trudeau）宣布了报复措施，对价值1006亿加元的美国进口措施征收了25％的关税。

The first round of levies, targeting $30 billion in goods, will take effect immediately, with an additional $125 billion in tariffs scheduled in the coming weeks.

第一轮税款针对300亿美元的商品，将立即生效，在未来几周内还计划增加1,250亿美元的关税。

Bitcoin Network Sees Sharp Drop in Transactions

比特币网络看到交易急剧下降

Beyond market turbulence, Bitcoin’s network activity has declined significantly, with the mempool—the waiting area for unconfirmed transactions—showing a notable reduction in volume.

除了市场动荡之外，比特币的网络活动大幅下降，孟买（未经证实的交易的等待区）表明，数量显着减少。

On February 1, data from CryptoQuant shows that the mempool is nearly empty, indicating a steep drop in transaction volume. The data further reflects that Bitcoin transaction fees have dropped to 1 sat/vB, signaling reduced demand for block space.

2月1日，来自加密量的数据表明，Mempool几乎是空的，表明交易量急剧下降。数据进一步反映出比特币交易费用已降至1个SAT/VB，这会减少对块空间的需求。

This marks the lowest level of transaction activity since March 2024.

这标志着自2024年3月以来的交易活动水平最低。

This trend raises concerns about Bitcoin’s usage as a medium of exchange, with some analysts suggesting that the growing perception of BTC as digital gold may discourage transactional use.

这种趋势引起了人们对比特币作为一种交流媒介的使用的担忧，一些分析师表明，对BTC作为数字黄金的看法日益增加可能会阻止交易的使用。

Bart Mol, host of the Satoshi Radio Podcast, criticized the shift in narrative, stating that celebrating an empty mempool overlooks the potential risks to Bitcoin’s foundational role. He likened it to “wood rot” in a house’s foundation, warning that a lack of transaction activity could undermine Bitcoin’s core functionality.

Satoshi Radio Podcast的主持人Bart Mol批评了叙事的转变，称庆祝空的Mempool忽略了比特币基本角色的潜在风险。他将其比作房屋基金会中的“木腐”，警告说，缺乏交易活动可能会破坏比特币的核心功能。

“Bitcoiners celebrating that the mempool cleared is one of the most retarded things I’ve seen in a while. The digital gold narrative is slowly destroying the foundation of Bitcoin, like wood rot in the foundation of a house,” Mol wrote.

“比特币庆祝孟买被清理的比特币是我一段时间以来见过的最弱智的事情之一。数字黄金的叙述正在慢慢破坏比特币的基础，例如房屋的基础上的木质腐烂。”莫尔写道。

Indeed, Mol’s comment aligns with Bitcoin’s increasing adoption as a reserve asset. Several corporations and governments have begun considering Bitcoin for their treasuries. These narratives reinforce the token’s position as a long-term store of value rather than a transactional currency.

确实，MOL的评论与比特币作为储备资产的越来越多的收养相吻合。几家公司和政府已经开始考虑比特币的国库。这些叙述加强了代币作为长期价值存储而不是交易货币的地位。

However, the ongoing downturn in on-chain activity raises questions about Bitcoin’s long-term utility beyond being a digital gold reserve.

但是，链上活动的持续低迷引发了有关比特币的长期实用程序的疑问，而不是成为数字黄金储备。