今天比特币 (BTC) 价格跌至近 95,000 美元

12 月 26 日星期四晚上，比特币价格在 95,000 美元附近波动，在不到 24 小时内损失了近 5% 的价值。

Bitcoin prices were seen hovering near the $94,000 level on Thursday evening, December 26, after losing almost 5% of their value in less than 24 hours.

12 月 26 日星期四晚上，比特币价格徘徊在 94,000 美元附近，但在不到 24 小时内损失了近 5% 的价值。

The world’s top digital currency dropped to as low as $94,083.93 earlier in the day, Coinbase data from TradingView showed.

TradingView 的 Coinbase 数据显示，当天早些时候，全球顶级数字货币跌至 94,083.93 美元。

The cryptocurrency began declining from levels of around $99,900 on Christmas Day, according to additional Coinbase figures from TradingView.

根据 TradingView 的 Coinbase 数据，该加密货币在圣诞节那天开始从 99,900 美元左右的水平开始下跌。

As a result, the digital asset depreciated roughly 4.8% in a matter of hours.

结果，数字资产在几个小时内贬值了约 4.8%。

After falling to this level, bitcoin recovered somewhat, but was still trading between $94,000 and $95,000 at the time of this writing.

在跌至这一水平后，比特币有所回升，但在撰写本文时仍在 94,000 美元至 95,000 美元之间交易。

Several potential causal factors were highlighted by analysts as they attempted to explain the cryptocurrency’s recent drop.

分析师在试图解释加密货币最近的下跌时强调了几个潜在的因果因素。

Lackluster Trading Volume

交易量低迷

One development that market observers pointed to repeatedly was low trading volume, which made it easier for bitcoin to experience more exaggerated price movements.

市场观察人士反复指出的一项发展是交易量低，这使得比特币更容易经历更夸张的价格波动。

“With both Christmas and New Year’s falling smack in the middle of two consecutive weeks this year, markets are looking at a more extended period of holiday low volume than usual,” said Tim Enneking, managing partner of Psalion, in emailed comments.

Psalion 管理合伙人蒂姆·恩内金 (Tim Enneking) 在电子邮件评论中表示：“今年连续两周恰逢圣诞节和新年，市场预计假期成交量将比平时更长。”

“Low volume frequently results in greater volatility as smaller order sizes can have an outsized impact,” he stated.

他表示：“成交量低往往会导致更大的波动，因为较小的订单规模可能会产生巨大的影响。”

Lackluster trading activity seems to be a typical occurrence this time of year, according to Alex Lin, cofounder and general partner at venture capital firm Reforge, who described it as a “common phenomenon” through input submitted through email.

风险投资公司 Reforge 的联合创始人兼普通合伙人 Alex Lin 表示，交易活动低迷似乎是每年这个时候的常见现象，他通过电子邮件提交的意见将其描述为“普遍现象”。

TradingView Malfunction

交易视图故障

Amid this environment of reduced trading volume, several market observers pointed to an apparent malfunction on the TradingView website as contributing to bitcoin’s recent decline.

在交易量减少的环境下，一些市场观察人士指出，TradingView 网站的明显故障导致了比特币近期的下跌。

The situation, which Cointelegraph reported on earlier, resulted in the website temporarily stating that bitcoin dominance, meaning its share of the total cryptocurrency market, fell to zero.

Cointelegraph 早些时候报道了这种情况，导致该网站暂时声明比特币的主导地位（这意味着它在整个加密货币市场中的份额）降至零。

Marc P. Bernegger, cofounder of crypto fund of funds AltAlpha Digital, commented on this situation via email.

加密货币母基金 AltAlpha Digital 联合创始人 Marc P. Bernegger 通过电子邮件对这一情况发表了评论。

“The latest fluctuations in Bitcoin price, dropping to around $94,000 from near $100,000, appear to have been influenced by a glitch on TradingView,” he stated.

“比特币价格的最新波动，从近 10 万美元跌至 94,000 美元左右，似乎是受到 TradingView 故障的影响，”他表示。

“This error falsely displayed Bitcoin's dominance at 0%, leading to a panic among traders and subsequent market volatility. This resulted in significant liquidations, with around $33 million in Bitcoin longs being liquidated over a few hours,” Bernegger added.

“这个错误错误地显示了比特币在 0% 的主导地位，导致交易者恐慌以及随后的市场波动。这导致了大规模的清算，大约 3300 万美元的比特币多头在几个小时内被清算。”Bernegger 补充道。

Lin also mentioned this particular development.

林还提到了这一特殊的发展。

“There was also an untimely glitch on TradingView where Bitcoin's dominance indicator dropped to 0% which may have triggered additional outflows,” he stated.

“TradingView 也出现了一个不合时宜的故障，比特币的主导地位指标跌至 0%，这可能引发了额外的资金外流，”他表示。

“So the panic selling from the technical error into a low liquidity environment, amplified by strategic profit-taking after a relatively positive year and major institutional movements of $338mn in BTC ETF outflows on Christmas Eve are the most likely catalysts for the retreat in the last 24 hours,” the analyst added.

“因此，技术错误导致的恐慌性抛售进入了低流动性环境，加上在相对积极的一年之后的战略性获利回吐以及平安夜 BTC ETF 流出 3.38 亿美元的重大机构变动，这些都是最有可能导致股市回落的催化剂。过去 24 小时，”分析师补充道。

Kailas Offers Contrasted View

Kailas 提供对比鲜明的景观

George Kailas, CEO of Prospero.ai, offered a different perspective on what caused bitcoin’s recent price declines, choosing to focus on a short list of factors.

Prospero.ai 首席执行官 George Kailas 对于比特币近期价格下跌的原因提出了不同的观点，他选择关注一小部分因素。

“I believe what we are seeing here is two things,” he stated via email, the first being “A natural correction on an asset that moved about as fast upwards as you can expect anything to move.”

“我相信我们在这里看到的是两件事，”他通过电子邮件表示，第一件事是“资产的自然修正，其向上移动的速度与你可以预期的任何东西的移动速度一样快。”

“To that end, one of the reasons I believe these swings are so wild is the disjointed nature of policy expectations without policy,” he stated, helping flesh out his views on the subject.

“为此，我认为这些波动如此剧烈的原因之一是没有政策的政策预期的脱节性质，”他说道，并帮助充实了他对这个问题的看法。

“There has been a huge run on the expectation of an American president more friendly to Crypto than any we've seen by far,” said Kailas.

Kailas 表示：“人们对美国总统的期望比我们迄今为止所见过的任何一位对加密货币都更加友好。”

“But these are just expectations, even with a fair expectation of policies being quite friendly towards Crypto, the policies do not exist yet,” he noted.

“但这些只是期望，即使有对加密货币相当友好的政策的公平期望，这些政策还不存在，”他指出。

“So there firstly has to be some probability of downside baked into some promises not coming to fruition,” the analyst emphasized.

这位分析师强调说：“因此，首先，一些承诺未能兑现，必然存在一定的下行可能性。”

“And also, it will be difficult for the market to figure out what a fair price for the impact of these policies are even when they are enacted.”

“而且，即使这些政策颁布，市场也很难弄清楚这些政策的影响的合理价格是多少。”

“But at least when they are policies vs expectations of policy they can be figured out by the market in actuality vs layers of speculation,” he stressed.

“但至少当它们是政策与政策预期时，它们可以由市场在现实中与层层投机中弄清楚，”他强调说。

Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether, EOS and SOL.

披露：我拥有一些比特币、比特币现金、莱特币、以太币、EOS 和 SOL。