比特币（BTC）可能会像某些希望一样迅速到1月至1月的$ 109,000

一位分析师说，由于更广泛的宏观经济不确定性，比特币的最新回调可能不会像某些希望一样迅速到1月的109,000美元（ATH）。

Bitcoin’s latest pullback amid broader macroeconomic uncertainty may not see it rebound to its January all-time high (ATH) as quickly as some hope, an analyst says.

一位分析师说，由于更广泛的宏观经济不确定性，比特币的最新回调可能不会像某些希望一样迅速地反弹到其一月份的历史最高水平（ATH）。

CryptoQuant contributor XBTManager said in a March 5 analyst note that we should assume that we are in the pullback phase after the ATH and will likely continue to consolidate for some time due to liquidity needs.

CryptoQuant贡献者XBTManager在3月5日的分析师指出，我们应该假设我们处于ATH之后的回调阶段，并且由于流动性需求，可能会继续巩固一段时间。

Bitcoin long bids ‘viable’ when long-term holders back to buying

长期持有人重新购买时，比特币长竞标“可行”

Once short-term holders of Bitcoin (BTC) — those holding for under 155 days — start selling, and long-term holders start buying again, long positions will become viable. Until then, traders should be risk-averse when entering positions in the asset.

一旦比特币（BTC）的短期持有人（持有155天的持有人）开始销售，而长期持有人开始再次购买，长期头寸将变得可行。在此之前，交易者在进入资产的头寸时应规避风险。

In the days leading up to Bitcoin reaching $109,000 for the first time on Jan. 20, before US President Donald Trump’s inauguration, short-term holders began increasing their supply, while long-term holders reduced theirs through selling.

在1月20日，在美国总统唐纳德·特朗普就职典礼之前，比特币首次达到109,000美元的日子，短期持有人开始增加供应量，而长期持有人则通过销售减少了他们的供应。

Bitcoin’s $109,000 high on Jan. 20 led to a drop of around 100,000 BTC in long-term holder supply over the following 30 days, but an even larger decline followed in December when it first hit six figures.

1月20日，比特币高价109,000美元，在接下来的30天内，长期持有人的供应量下降了约100,000 BTC，但在12月首次击中六位数字时的下降甚至更大。

Bitcoin is down 1.43% over the past seven days. Source: CoinMarketCap

在过去的七天中，比特币下降了1.43％。资料来源：CoinMarketCap

On Dec. 1, long-term holder supply reached 15.2 million BTC, just four days before Bitcoin reached $100,000 on Dec. 5, according to Bitbo data. By Dec. 20, it declined to 14.7 million.

根据Bitbo数据，12月1日，长期持有人的供应达到了1520万BTC，仅在比特币在12月5日达到100,000美元之前的四天。到12月20日，它降至1470万。

Related: Bitcoin no longer ‘safe haven’ as $82K BTC price dive leaves gold on top

相关：比特币不再“避风港”，因为$ 82K BTC Price Dive Dive of top top top top

At the time of publication, long-term holder supply is 14.4 million BTC, a decline of 800,000 BTC since Dec. 1.

在发布时，长期持有人的供应为1,440万BTC，自12月1日以来下降了80万BTC。

Bitcoin retraced below $100,000 on Feb. 4 amid fears of a trade war on Trump’s promised tariffs. It fell even lower to $85,000 at the Feb. 27 Wall Street open as markets digested confirmation of new US tariffs.

2月4日，比特币在对特朗普承诺的关税上的贸易战争担心，在2月4日回落了100,000美元。在2月27日，华尔街开放时，由于市场消化了新美国关税的确认，它甚至下跌至85,000美元。

According to Johns Hopkins University, the first case of COVID-19 was reported in December 2019 in Wuhan, China. The virus then spread rapidly to other parts of the world, including the United States, where the first case was confirmed in January 2020.

根据约翰·霍普金斯大学（Johns Hopkins University）的说法，2019年12月在中国武汉（Covid-19）的第一个案件是Covid-19。然后，该病毒迅速传播到包括美国在内的世界其他地区，该病毒于2020年1月得到确认。

The pandemic had a devastating impact on the global economy, leading to widespread job losses, business closures and a sharp decline in economic activity. In the United States alone, more than 50 million people filed for unemployment benefits in the first seven months of 2020.

大流行对全球经济产生了毁灭性的影响，导致了广泛的失业，业务关闭和经济活动的急剧下降。仅在美国，超过5000万人在2020年前七个月内就申请了失业福利。

The U.S. Travel Association estimates that the pandemic will cause a $505 billion loss in direct travel spending in 2020.

美国旅行协会估计，大流行将在2020年造成5005亿美元的直接旅行支出损失。

The pandemic also had a significant impact on the stock market, with the Dow Jones Industrial Average falling more than 20% in the first quarter of 2020. The S&P 500 also declined sharply, while the Nasdaq 100 remained relatively flat.

大流行对股票市场也产生了重大影响，道琼斯工业平均水平在2020年第一季度下降了20％以上。标准普尔500指数也急剧下降，而纳斯达克100号则相对平坦。

The Federal Reserve responded to the crisis by cutting interest rates to near zero and launching several programs to provide liquidity to the banking system and credit markets.

美联储通过将利率降低到零，并启动多个计划为银行体系和信贷市场提供流动性，对危机做出了回应。

The U.S. government also passed a $2.2 trillion stimulus package in March 2020 to help mitigate the pandemic’s economic fallout. The package included direct payments to taxpayers, enhanced unemployment benefits and loans to small businesses.

美国政府还在2020年3月通过了2.2万亿美元的刺激计划，以帮助减轻大流行的经济影响。该计划包括向纳税人的直接付款，增强的失业福利以及向小型企业贷款。

The pandemic also had a mixed impact on cryptocurrency prices. Bitcoin and other major coins saw significant declines in March 2020 as the crisis unfolded. However, cryptocurrency markets began to rebound in April 2020 as the initial shock subsided and governments implemented stimulus measures.

大流行对加密货币价格也有不同的影响。随着危机的发展，比特币和其他主要硬币在2020年3月下降。但是，随着最初的冲击消退，加密货币市场开始反弹，政府实施了刺激措施。

By the end of 2020, Bitcoin had made strong gains to reach a new all-time high above $198,000. These gains were driven by a combination of factors, including the U.S. presidential election, institutional interest in crypto and the ongoing narrative of a Bitcoin bull market.

到2020年底，比特币取得了很大的收益，使其在198,000美元以上的历史最高时期达到了新的高度。这些收益是由包括美国总统大选，对加密货币的机构兴趣以及比特币牛市的持续叙述所驱动的。

Later that day, the asset plummeted below the crucial $80,000 price level, erasing nearly all the gains made after Trump was elected president on Nov. 5.

当天晚些时候，资产暴跌低于至关重要的80,000美元价格水平，几乎删除了特朗普于11月5日当选总统后所取得的收益。

At the time of publication, Bitcoin is trading at $87,100, according to CoinMarketCap.

根据CoinMarketCap的数据，在出版时，比特币的交易价格为87,100美元。

Magazine: Off The Grid’s ‘biggest update yet,’ Rumble Kong League review: Web3 GamerThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

杂志：网格的“迄今为止最大的更新”，Rumble Kong League评论：Web3 Gamerthis文章不包含投资建议或建议。每个投资和交易举动都涉及风险，读者在做出决定时应进行自己的研究。