比特币（BTC）的价格动作有利于公牛，但是势头可以延伸到三月吗？

熊以BTC的价格在2月份占据主导地位，持有者尤其是那些在11月中旬以后购买的熊。

Bears have been dominant in February for BTC price, resulting in pain for holders especially those that purchased it after mid-November.

熊以BTC的价格在2月份占据主导地位，持有者尤其是那些在11月中旬以后购买的熊。

The bearish month is now a wrap but, will March bring bullish tidings, or extend the same momentum observed in February?

看跌月现在是一个包裹，但是，三月会带来看涨的消息，还是在二月份延长了相同的势头？

To recap, Bitcoin tanked by roughly 23% from its highest to lowest price point in February.

回顾一下，比特币从2月份的最高价格到最低点数大约23％。

This bearish performance saw BTC drop to price levels last seen in the second week of November 2024.

这种看跌的表现使BTC在2024年11月的第二周上次降至价格水平。

This latest bearish outcome saw price dip as low as $78,197, but it has since bounced back to its $85,040 press time price tag.

最新的看跌结果使价格下跌低至78,197美元，但此后，价格降至其85,040美元的新闻时间价格标签。

Also worth noting is that this recent dip pushed into the RSI’s oversold territory for the first time since early August 2024.

同样值得注意的是，自2024年8月初以来，最近的倾角首次进入了RSI的超卖领土。

Could this latest dip be the ideal buy-back zone? The last time that price was oversold, Bitcoin bounced back significantly.

这个最新的下降可以是理想的回购区吗？价格上次超卖时，比特币大大反弹。

Is BTC Price slated for more recovery in March?

BTC价格是否计划在三月份进行更多恢复？

One of the biggest characteristics of a major recovery is strong whale and institutional involvement.

重大复苏的最大特征之一是强烈的鲸鱼和机构参与。

ETF flows were in the green by roughly $94.3 million on Friday. This is the first time that ETFs have bought since mid-February.

周五，ETF流量为绿色约9430万美元。这是ETF自2月中旬以来首次购买。

Interestingly, recent market data reveals that there was a noteworthy surge in whale activity.

有趣的是，最近的市场数据表明，鲸鱼活动有所值得注意。

Whale inflows clocked in at 11,590 BTC on 28 February, while outflows were notably lower at 3,080 BTC.

2月28日，鲸鱼流入为11,590 BTC，而流出量则为3,080 BTC。

A significant gap indicating that whales contributed to the recent bounce back.

一个很大的差距表明鲸鱼有助于最近反弹。

If the same trend continues for the next few days, then it could provide enough momentum for Bitcoin to possibly recover above $90,000.

如果在接下来的几天内持续相同的趋势，那么它可以为比特币提供足够的势头，以便在90,000美元以上收回。

The derivatives segment also demonstrated renewed interest. Market data demonstrated a surge in margin long positions in the last 48 hours.

衍生品细分市场也表现出了新的兴趣。市场数据表明，在过去48小时内，利润率的长度增加。

A sign that derivatives traders anticipate more upside. These observations suggest that bullish optimism is making a comeback especially after the massive discount.

衍生品交易者预计会有更多上涨空间的标志。这些观察结果表明，看涨乐观情绪正在卷土重来，尤其是在大量折扣之后。

Even Bitcoin’s fear and greed index was up from 16 to 20 in the last 48 hours, signaling bullish expectations at the start of March.

在过去的48小时内，即使是比特币的恐惧和贪婪指数也从16增加到20，这表明了3月初的看涨期望。

However, the latest downside had the market spoofed and investors are still on the edge about jumping back in.

但是，最新的缺点是市场席卷了市场，投资者仍在跳入方面。

A recent CryptoQuant analysis revealed that short term holders are selling Bitcoin at a loss. It also noted that open interest was down to a 6-month low.

最近的一项加密分析表明，短期持有人亏本出售比特币。它还指出，开放兴趣降至6个月的低点。

Why Politics and Economic Data will Determine Bitcoin’s Next Move

为什么政治和经济数据将决定比特币的下一步行动

Perhaps the answer to whether Bitcoin bulls are ready to make a strong comeback in March, lies in the same reasons for its downside.

也许比特币公牛是否准备在三月份重新卷土重来的答案，也是同样的原因。

BTC’s bearish performance is consistent with the latest global economic woes.

BTC的看跌表现与最新的全球经济困境一致。

For instance, the tariff wars and pesky inflation have had a negative impact on investor sentiment.

例如，关税战争和讨厌的通货膨胀对投资者的情绪产生了负面影响。

As a consequence, investors have been selling their crypto holdings. President Trump recently confirmed that new tariffs will take effect in the first week of March.

结果，投资者一直在出售他们的加密货币。特朗普总统最近确认，新的关税将在3月的第一周生效。

This may have contributed to the latest downside. The risk in this situation is that these political-economic issues may continue to dampen investor sentiment.

这可能导致了最新的缺点。在这种情况下的风险是，这些政治经济问题可能会继续削弱投资者的情绪。

If this trend continues, then Bitcoin bulls could have a challenging time trying to make a comeback.

如果这种趋势持续下去，那么比特币公牛可能会有一段艰巨的时间试图卷土重来。