比特币（BTC）的价格崩溃了，低于90,000美元

比特币（BTC）上涨了近10％的回收率，至95,000美元以上

Bitcoin (BTC) dropped back below the $90,000 psychological threshold on Thursday, continuing to struggle despite staging a nearly 10% recovery to above $95,000 earlier in the week.

比特币（BTC）在周四的90,000美元的心理门槛以下，尽管在本周早些时候上涨了近10％至95,000美元以上，但仍在挣扎。

Analysts said that ongoing macroeconomic uncertainties and a significant reduction in institutional investments in cryptocurrency markets had kept upbeat price momentum at bay.

分析人士说，正在进行的宏观经济不确定性以及在加密货币市场的机构投资大大减少，使乐观的价格势头保持不变。

Bitcoin bottomed out at around $81,400 on Wednesday after forming a double-top chart pattern around $94,200 in the daily chart—a setup that usually suggests an imminent price decline.

比特币在每日图表中形成了约94,200美元的双顶图案后，周三的价格约为81,400美元，这通常表明价格即将下降。

From there, the largest cryptocurrency recovered to hit highs of $95,160 early Thursday, before slipping back into the $90,000 zone.

从那里开始，最大的加密货币在周四早些时候恢复了95,160美元的高点，然后退回了90,000美元的区域。

Multiple factors are now putting pressure on Bitcoin to slump further, including US spot Bitcoin exchange-traded funds (ETFs), said Ryan Lee, chief analyst at Bitget Research.

Bitget Research首席分析师Ryan Lee说，现在有多种因素正在对比特币进一步投地，包括美国现货比特币交易所交易基金（ETF）。

The analyst told Cointelegraph:

分析师告诉Cointelegraph：

The US spot Bitcoin ETFs are now reporting four consecutive weeks of net negative outflows after a strong start to the year saw the funds report 12 straight weeks of inflows.

美国现货比特币ETF现在报告了连续四个星期的净负面流出，这是一年的强劲开端，这笔资金报告了连续12周的流入。

The ETFs saw a significant reduction in investments as they clocked over $2.6 billion in cumulative net outflows during the last week of February, Sosovalue data showed.

Sosovalue数据显示，ETF在2月的最后一周的累积净流出量超过26亿美元时，投资显着减少。

Beyond ETF inflows, macroeconomic factors are also pressuring Bitcoin’s price action, Lee said, adding:

Lee补充说，除了ETF流入之外，宏观经济因素还迫使比特币的价格行动施加压力：

But analysts remained optimistic about Bitcoin’s price trajectory for late 2025, with predictions ranging from $160,000 to above $180,000.

但是分析师对2025年末比特币的价格轨迹保持乐观，预测范围从160,000美元到180,000美元以上。

US tariff concerns may be alleviated next week

下周可能会缓解美国关税问题

Some of the concerns related to a potential global trade war may be alleviated with next week’s announcements, said Iliya Kalchev, dispatch analyst at digital asset investment platform Nexo.

Digital Asset Investment Nexo的调度分析师Iliya Kalchev表示，下周的公告可能会缓解与潜在的全球贸易战有关的一些问题。

The implementation of US tariffs had “weighed in” on crypto markets after they went into effect, leading to declines in digital assets and traditional equities, the analyst said, adding:

分析师说，美国关税生效后，对加密货币市场的实施“权衡”，导致数字资产和传统股票的下降。

Trade policy uncertainty will likely “keep sentiment guarded” while the increased likelihood of Federal Reserve rate cuts may “suggest a potential turnaround” for crypto markets, added the analyst.

分析师补充说，贸易政策的不确定性可能会“保持情绪”，而美联储降低率的增加可能会“暗示加密市场的潜在转变”。

Meanwhile, the wider crypto market is still recovering from the $1.4 billion Bybit hack on Feb. 21—the largest in crypto history.

同时，更广泛的加密货币市场仍在2月21日的14亿美元的bybit Hack中恢复，这是加密历史上最大的。