比特币（BTC）的价格下跌至82,000美元，这是2024年11月初出现的水平

最近的比特币价格行动使令牌的价格下跌至82,00美元，这是2024年11月初的最后一个水平。

NOIDA (CoinChapter.com) - Bitcoin price today dropped to $82,100, a level last seen in early November. The plunge has traders panicking, and the wider consensus is leaning towards more downside for BTC in the immediate future.

Noida（Coinchapter.com） - 今天的比特币价格下跌至82,100美元，这是11月初出现的水平。暴跌让贸易商惊慌失措，而在不久的将来，更广泛的共识倾向于BTC的不利方面。

After a brief recovery attempt, Bitcoin struggled to reclaim the $90,000 level and faced sustained selling pressure, slipping further below the $87,000 mark. The token is now down over 20% from its 2024 highs of $109,000, which were achieved earlier this year.

经过短暂的恢复尝试后，比特币努力恢复90,000美元的水平并面临持续的销售压力，进一步低于87,000美元。现在，该令牌比今年早些时候实现的2024年高点下降了20％以上。

The cryptocurrency is facing pressure from multiple fronts. Firstly, Bitcoin ETF outflows have reached record levels, wiping out billions in institutional capital that once fueled Bitcoin's rally. Secondly, the U.S. dollar is showing signs of strength, which could make risk assets less attractive as macro jitters rattle global markets.

加密货币正面临来自多个方面的压力。首先，比特币ETF的流出达到了创纪录的水平，消除了曾经助长比特币集会的机构资本的数十亿美元。其次，美元呈现强度的迹象，这可能会使风险资产随着宏观震撼的全球市场而吸引人。

On-chain data from Glassnode confirms a shift in sentiment, with long liquidations surging, whales offloading holdings, and spot selling pressure outpacing demand.

玻璃节的链上数据证实了情绪的转变，较长的清算急剧飙升，鲸鱼卸载持有量以及销售压力超过需求。

These signals suggest that the market remains in a strong bearish control, with little sign of a reversal in the near term. However, for Bitcoin to recover towards $90,000, strong institutional inflows or a major shift in macro sentiment will be required.

这些信号表明，市场仍然处于强烈的看跌控制之中，几乎没有迹象表明在短期内逆转。但是，要使比特币恢复到90,000美元，将需要强劲的机构流入或宏观情绪的重大转变。

Bitcoin ETF Outflows Signal Institutional Weakness

比特币ETF流出信号机构无力

比特币ETF流出信号机构无力

BTC ETFs were a major catalyst for the token's historic rally, pulling in over $40 billion in net inflows throughout 2024. However, the tide is now turning.

BTC ETF是代币历史性集会的主要催化剂，在整个2024年吸引了超过400亿美元的净流入。但是，现在的潮流正在发生。

On February 25, Bitcoin ETFs recorded a staggering $937.9 million in net outflows, followed by another $754.6 million the next day.

2月25日，比特币ETFS的净流出量惊人的9.379亿美元，随后第二天再获得7.546亿美元。

Fidelity's Wise Origin Bitcoin Fund (FBTC) and BlackRock's iShares Bitcoin Trust (IBIT) led the sell-off, with IBIT alone losing $418.1 million.

Fidelity的明智起源比特币基金（FBTC）和BlackRock的Ishares Bitcoin Trust（IBIT）领导了抛售，仅IBIT损失了4.181亿美元。

This shift is crucial because ETF issuers hold actual BTC, so when investors withdraw, they sell Bitcoin to cover redemptions, adding direct selling pressure to the market.

这种转变至关重要，因为ETF发行人拥有实际的BTC，因此当投资者退出时，他们出售比特币以覆盖赎回，从而向市场增加了直接的销售压力。

As the ETF-based "basis trade" loses appeal, institutions are either cashing out or reallocating capital towards safer assets.

由于基于ETF的“基础贸易”失去上诉，机构要么兑现或将资本重新分配给更安全的资产。

Cryptocurrency analyst Neil Roarty from ClickOut Media explains that the trend reflects shifting sentiment rather than a complete abandonment of Bitcoin.

Clickout Media的加密货币分析师Neil Roarty解释说，这种趋势反映了不断变化的情绪，而不是完全放弃比特币。

"The launch of Bitcoin spot ETFs in the U.S. a little over a year ago was seen as a major driver of BTC's remarkable price growth in 2024, and we’re already seeing retracement as institutional investors search for safer havens. Does this mean the party’s over? Not necessarily. The entire equities market is also taking a battering as consumer confidence plummets and fears of an international trade war rise."

“一年多以前在美国推出了比特币斑点ETFS是BTC在2024年出色的价格增长的主要驱动力，而且随着机构投资者寻找更安全的天堂，我们已经看到了回顾。这是否意味着该党的避风港。不一定是吗？不一定。整个公益市场也将撞车者的信心置于消费者的信心，并以国际贸易的恐惧恐惧。''

The ETF net inflow chart from Glassnode supports this shift. After a long stretch of strong inflows, the last few weeks have seen persistent outflows, which coincides with Bitcoin's decline.

玻璃节的ETF净流入图支持这一转变。经过很长的强劲流入，过去几周的流出持续了流出，这与比特币的下降相吻合。

If institutions continue exiting at this scale, Bitcoin could face extended selling pressure, potentially dragging prices toward $70,000 or lower.

如果机构继续以这种规模退出，则比特币可能面临巨大的销售压力，可能会将价格拖到70,000美元或更低。

Strengthening U.S. Dollar Adds Another Headwind For Bitcoin

加强美元增加了比特币的另一个逆风

加强美元增加了比特币的另一个逆风

Bitcoin's struggles are deepening as the U.S. dollar shows signs of strength, maintaining its historically inverse correlation with BTC.

随着美元显示出力量的迹象，比特币的斗争正在加深，并保持其与BTC的历史相关性。

The BTC vs. DXY chart from Glassnode shows a clear pattern: nearly every major Bitcoin rally coincided with a weakening dollar, while each sharp decline aligned with a period of dollar strength.

玻璃节的BTC与DXY图表显示了一个清晰的模式：几乎所有主要的比特币集会都与美元疲软相吻合，而每个急剧下降都与一段时间的美元强度一致。

The current situation mirrors past downturns, with the dollar rising and Bitcoin facing sustained selling pressure. The DXY index is currently trading above 113, reflecting increased demand for U.S. assets, and the 10-year Treasury yield is also pushing higher.

当前的情况反映出过去的低迷，美元上升和比特币面临持续的销售压力。 DXY指数目前的交易量超过113，反映了对美国资产的需求增加，而10年的财政收益率也提高了。

As macro uncertainty deepens, investors are pivoting towards safer dollar-based investments, decreasing Bitcoin's appeal in a risk-off environment.

随着宏观不确定性的加深，投资者正在向基于美元更安全的投资旋转，从而降低了比特币在风险环境中的吸引力。

Moreover, market analyst Milad Azar from XTB MENA highlighted recent economic reports that are fueling the dollar's strength.

此外，来自XTB MENA的市场分析师Milad Azar强调了最近的经济报告，这些报告助长了美元的实力。

In a note to CoinChapter, Azar noted that a sharp decline in consumer confidence and mixed PMI numbers have raised concerns over economic growth, ultimately reinforcing the dollar's dominance in global markets.

阿扎尔（Azar）在对Coinchapter的一份说明中指出，消费者信心和混合PMI数字的急剧下降引起了人们对经济增长的关注，最终增强了美元在全球市场中的统治地位。

These conditions are creating a two-fold problem for Bitcoin. A stronger dollar directly weakens Bitcoin's appeal, especially as rising Treasury yields offer guaranteed returns, making BTC's volatility less attractive.

这些条件正在为比特币造成两个折叠问题。一美元的一美元直接削弱了比特币的吸引力，尤其是随着国库产量的上升提供保证的回报，使BTC的波动性吸引力降低了。

With yields above 4.3 percent, investors seeking stability choose traditional assets like bonds over speculative cryptocurrencies. At the same time, global macro jitters are pressuring broader risk sentiment, further affecting Bitcoin in a correlated manner.

收益率超过4.3％，寻求稳定的投资者选择传统资产，例如债券而不是投机加密货币。同时，全球宏观震撼力正在压迫更广泛的风险情绪，以相关的方式进一步影响比特币。

Furthermore, Senior Research Strategist at Pepperstone Michael Brown highlighted how economic uncertainty affects investor behavior.

此外，Pepperstone的高级研究策略师Michael Brown强调了经济不确定性如何影响投资者的行为。

In a note to CoinChapter, Brown pointed out that jitters over the U.S

布朗在一张汇总的笔记中指出，在美国震撼人心