比特币（BTC）的价格动作有望在上周在看跌腿上结束

BTC仍在$ 83大关以下。在撰写此报告时，BTC的交易价格为82,451.69美元，下降了0.09％。

Bitcoin (BTC) price action is set to conclude last week on a bearish leg especially as a wave of sell pressure brought the crypto down briefly below $85,000.

比特币（BTC）的价格行动将于上周在看跌腿上结束，尤其是在卖出压力浪潮使加密货币短暂下降到85,000美元以下。

BTC is still finding its feet under the $83 mark. At the time of writing this report, BTC was trading at $82,451.69, down 0.09% intraday. Over the past seven days, it is down 6.5%.

BTC仍在$ 83大关以下。在撰写此报告时，BTC的交易价格为82,451.69美元，下降了0.09％。在过去的七天中，下降了6.5％。

This sluggishness is the outcome of the escalating tariff wars and FUD around $12.1 Billion worth of Bitcoin option positions that expired on March 28th, 2025.

这种迟钝的是不断升级的关税战争的结果，而FUD约有121亿美元的比特币期权职位，该职位于2025年3月28日到期。

The particular date marks the last Friday of March. This is important because Bitcoin options usually expire on the last Friday of every month.

特定日期标志着3月的最后一个星期五。这很重要，因为比特币选项通常在每个月的最后一个星期五到期。

The Bitcoin options reportedly had a 0.49 call/put ratio. A ratio below 1 is considered bullish, but the market has turned out bearish, likely due to the uncertainty around the event.

据报道，比特币选项的呼叫比率为0.49。低于1的比率被认为是看涨的，但是市场证明是看跌，这可能是由于该事件的不确定性。

After the options expired, BTC reacted as expected. On March 28th, BTC closed its red candle at $84,379, on the following day, it closed at $82,608.

选项过期后，BTC如预期的。 3月28日，BTC在第二天关闭了84,379美元的红色蜡烛，其收于82,608美元。

BTC Price Dip May Signal a Reaction to Tariff Wars

BTC价格下跌可能表明对关税战争的反应

Trump’s tariff wars have been causing negative sentiment among risk-on asset investors. Last week was characterized by a surge in tariff-related announcements and reactions.

特朗普的关税战争一直引起风险资产投资者的负面情绪。上周的特征是与关税有关的公告和反应激增。

Bitcoin’s bearish performance is arguably one of the reasons contributing to BTC’s bearish outcome.

可以说，比特币的看跌性能是促成BTC看跌结果的原因之一。

According to recent market data, the tariff wars recently resulted in flight to safety among investors, leading to higher gold prices.

根据最近的市场数据，关税战争最近导致了投资者的安全飞行，从而导致了高价。

This is because gold is one of the most popular safe haven assets across the globe.

这是因为黄金是全球最受欢迎的避风港资产之一。

This bearish outcome may also be a signal of what to expect in the first week on April.

这种看跌的结果也可能表明了4月第一周的期望。

The consequent market uncertainty if economic temperatures remain high may continue to dampen investor sentiment.

随之而来的市场不确定性，如果经济温度仍然很高，可能会继续削弱投资者的情绪。

Bitcoin is Yet to Show Potential For Resurgence

比特币尚未显示出可能复兴的潜力

BTC price was down to $82,451.69 at press time, likely because the subsequent wave of sell pressure forced BTC to extend its dip.

BTC的价格在发稿时下降至82,451.69美元，这可能是因为随后的卖出压力迫使BTC延长了其下降。

The latest bearish outcome also brought Bitcoin price action back down to its opening price for much. This means it risks closing the month in the red.

最新的看跌结果还将比特币的价格行动恢复到其开头。这意味着它有可能在红色的月份结束。

Many analysts anticipate a bullish start in April. However, those expectations may be thwarted if investor sentiment remains dampened.

许多分析师预计将在4月开始看涨。但是，如果投资者的情绪仍然受到抑制，可能会挫败这些期望。

The bearish market reaction in the last 24 hours triggered a surge in long liquidations which were up over $100 Million.

在过去的24小时内，看跌市场的反应引发了长期清算的激增，超过1亿美元。

Despite this, the level of leverage liquidations was still nowhere near the daily liquidations observed in late February and early March.

尽管如此，杠杆清算水平仍然远远不及2月下旬和3月初观察到的每日清算。

A potentially major reason why the latest liquidations were low could be the decline in leveraged positions before March 28th.

最新清算较低的可能的主要原因可能是3月28日之前杠杆位置的下降。

The estimated leverage ratio dipped from 0.26 to 0.25 between March 24th and 27th. It was also notably lower this time, compared to the highs observed in February.

在3月24日至27日之间，估计的杠杆比率从0.26降至0.25。与二月份观察到的高点相比，这次的高点也降低了。

This could signal that the leverage shake-down is declining.

这可能表明杠杆摇动正在下降。

This outcome could signal that the leverage squeeze may be running low on juice.

这种结果可能表明杠杆挤压可能会在果汁上低落。

Investors are now on the look-out for the return of strong spot demand which could be the first major sign of a strong recovery.

现在，投资者正在寻找强大的现货需求的回报，这可能是强烈恢复的第一个主要迹象。