比特币（BTC）的价格滑倒，随着金色集会，交易者眼睛更深的更正

本周比特币（BTC）的价格失去了看涨的动力，高达88,060美元下降了7％

Bitcoin (BTC) lost bullish momentum this week, falling 7% from a high of $88,060 on March 26 to $82,036 by March 29.

比特币（BTC）本周失去了看涨的势头，从3月26日的88,060美元的高点下降到3月29日的82,036美元。

The cryptocurrency slid as traders assessed the lack of follow-through in Bitcoin’s attempt to break $90,000, an event that would have generated interest from new market participants.

由于交易者评估了比特币试图打破90,000美元的企图，这一事件将引起新市场参与者的兴趣，因此加密货币的滑倒不足。

That move also wiped out $158 million in long liquidations, highlighting the fragility of both spot and derivatives markets in the face of macroeconomic shifts.

这一举动还消除了长期清算的1.58亿美元，突出了面对宏观经济转变的范围和衍生品市场的脆弱性。

Meanwhile, gold surged to a record $3,087 on March 28, adding pressure to Bitcoin’s “digital gold” narrative.

同时，Gold在3月28日飙升至创纪录的3,087美元，给比特币的“数字黄金”叙述增加了压力。

The decoupling between Bitcoin and traditional hedges triggered concerns among market participants.

比特币与传统对冲之间的分离引起了市场参与者的关注。

Koroush AK, a trader and researcher, said Bitcoin formed another lower high—the sixth in 2025—describing the recent rally as a “dead cat bounce.”

商人和研究人员Korfh Ak说，比特币在2025年的第六名中形成了另一个高级，将最近的集会描述为“死猫弹跳”。

He noted Bitcoin failed to close above $90,000 for five consecutive days. he posted on March 28,

他指出，比特币连续五天未能收盘90,000美元。他于3月28日发布

“Price failed to reach $90K this week after trying for 5 days in a row.”

“价格连续5天后本周未能达到$ 90K。”

Long-term Holders Remain Sidelined as Inflows Dry Up

长期持有人随着流入枯竭

On-chain metrics support the bearish tone. Data from CryptoQuant shows long-term holders have paused accumulation since Nov. 2024.

链上指标支持看跌语调。来自加密量的数据显示，自2024年11月以来，长期持有人已经停止了积累。

Ali, a market analyst, flagged this on Mar. 30, warning that a reactivation of these wallets may indicate a shift in market direction.

市场分析师阿里（Ali）于3月30日标记了这一点，警告说，这些钱包的重新激活可能表明市场方向发生了变化。

According to Ali,

根据阿里的说法

“Long-term #Bitcoin $BTC holders have been on pause since November 2024…Their return could mark a major trend shift.”

“自2024年11月以来，长期#bitcoin $ btc持有人一直在暂停……他们的回归可能标志着重大趋势转变。”

At the same time, exchange inflows are declining, suggesting reduced investor participation. Lower inflows typically precede large price moves, although the direction remains uncertain.

同时，交换流入正在下降，这表明投资者参与减少。尽管方向仍然不确定，但较低的流入通常在大幅度移动之前。

Analysts Highlight Bearish Targets as Macro Outlook Worsens For BTC Price

分析师突出了看跌目标，因为宏观前景因BTC价格恶化

Altcoin Sherpa described the current structure on the weekly chart as a confirmed bear market. The price could fall to the $50,000–$60,000 zone depending on how macroeconomic conditions evolve.

Altcoin Sherpa将每周图表上的当前结构描述为确认的熊市。根据宏观经济状况的发展，价格可能会降至50,000至60,000美元的区域。

The analyst noted, in an update on March 29,

分析师在3月29日的更新中指出

“We see periods of chop but still a bearish trend.”

“我们看到了切碎的时期，但仍然是看跌趋势。”

Crypto Capo outlined a similar outlook, stating that BTC price remains at risk of falling to $62,000.

Crypto Capo概述了类似的前景，称BTC价格仍处于跌至62,000美元的风险。

In his view, a close below the $84,000–$85,000 range would likely trigger capitulation toward April and Nov. 2024 support levels.

他认为，低于$ 84,000- $ 85,000的近低于$ 85,000的范围可能会引发2024年4月和11月的支持水平。

ETF Outflows, Inflation Data Compound Selling Pressure

ETF流出，通货膨胀数据复合销售压力

On March 28, Bitcoin spot exchange-traded funds (ETFs) recorded $93 million in net outflows.

3月28日，比特币现货交易所交易基金（ETFS）记录了9300万美元的净流出。

The timing coincided with rising fears of a recession and delayed rate cuts by the U.S. Federal Reserve.

时间安排恰逢美国美联储对经济衰退和降级降低税率的延迟。

The CME FedWatch tool shows a 50% chance of interest rates dropping below 4% by July 30, up from 46% a month earlier.

CME FedWatch工具显示，到7月30日，利率的机会降至4％以下50％，高于一个月前46％。

While easing could help risk assets, recent ETF flows suggest large players remain cautious.

尽管放松可能有助于风险资产，但最近的ETF流动表明，大型玩家仍然谨慎。

The U.S. dollar index (DXY) dropped to 104 from 107.4 a month prior. Despite this, Bitcoin failed to capitalize, diverging from the historical pattern where a weaker dollar boosts crypto.

美元指数（DXY）从一个月前的107.4降至104。尽管如此，比特币仍未大写，与较弱的美元增加加密货币的历史模式不同。

Liquidity Hopes Emerge, But Bulls Stay Quiet

流动性希望出现，但公牛保持安静

Mihaimihale, a market commentator on X, said the U.S. government may introduce tax cuts and lower interest rates to offset slowing growth.

X上的市场评论员Mihaimihale表示，美国政府可能会引入减税和降低利率，以抵消增长放缓。

However, he added that last year’s expansion was largely driven by government spending—something unlikely to repeat.

但是，他补充说，去年的扩张在很大程度上是由政府支出驱动的，这不太可能重复。

He posted,

他张贴了，

“Kickstarting the economy now needs real liquidity, not policy optics.”

“开始经济现在需要真正的流动性，而不是政策光学。”

Still, some see room for recovery if central banks shift policy. Alexandre Vasarhelyi, founding partner at B2V Crypto, said Bitcoin remains in its adoption phase and that volatility reflects early-stage growth. He said,

尽管如此，如果中央银行转移政策，有些人仍然会看到恢复的空间。 B2V Crypto的创始合作伙伴Alexandre Vasarhelyi表示，比特币仍处于采用阶段，波动性反映了早期的增长。他说，

“Whether Bitcoin’s floor is $77,000 or $65,000 matters little…2025 is still a foundation year, not a tipping point.”

“比特币的地板是$ 77,000还是65,000美元，这几乎没有……2025年仍然是基础一年，而不是转折点。”

Bitcoin price failed push past $90K, combined with inactive long-term holders and rising macro pressure, raises the odds of a breakdown.

比特币价格失败了，超过了$ 90k，再加上不活动的长期持有人和宏观压力的上升，这增加了故障的几率。

While traders eye $62K as the next major support, any renewed buying from long-term holders or central bank dovishness could change that outlook.

虽然交易者将62K的价格视为下一个主要支持，但从长期持有人或中央银行的任何新购买都可以改变这种前景。