比特币（BTC）发现其200天的平均值约为84,000美元

比特币（BTC）在上周早些时候下跌77,000美元后，发现其200天的平均水平约为84,000美元。 Memecoins，第2层令牌和游戏令牌领导了更广泛的市场回收率。

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Bitcoin (BTC) found some stability around its 200-day average at about $84,000 after dipping below $77,000 early last week. The broader market recovery was led by memecoins, layer-2 tokens and gaming tokens.

比特币（BTC）在上周早些时候下跌低于77,000美元之后，比特币（BTC）的平均稳定性约为200天，约为84,000美元。 Memecoins，第2层令牌和游戏令牌领导了更广泛的市场回收率。

However, maintaining a sustained uptick could still be a challenge, especially since President Donald Trump’s administration appears to have a higher tolerance for market instability than many expected. Just two months ago, when Trump took office, the crypto market was buzzing with optimism that any turbulence created by tariffs would lead to prompt policy support from the White House.

但是，保持持续增长仍然可能是一个挑战，尤其是因为唐纳德·特朗普总统的政府对市场不稳定的容忍度似乎比许多人预期的要高。就在两个月前，当特朗普上任时，加密货币市场充满乐观的嗡嗡声，关税造成的任何动荡都会导致白宫的政策支持。

That optimism seems to have been misplaced. Over the weekend, Treasury Secretary Scott Bessent said corrections are healthy and normal, a hint that the anticipated "Trump put" might take longer to materialize than traders hoped.

这种乐观似乎已经放错了位置。上周末，财政部长斯科特·贝斯特（Scott Bessent）表示，更正是健康且正常的，这暗示了预期的“特朗普投入”可能比交易者希望的要长的时间更长。

More importantly, on NBC News’ "Meet the Press" on Sunday, Bessent did not rule out the possibility of a recession. This starkly contrasts with government officials’ typical attitude of emphasizing "glass half full" perspective when the going gets tough.

更重要的是，在NBC新闻周日的“遇见媒体”上，贝森特并不排除衰退的可能性。这与政府官员在艰难时强调“玻璃半满”观点的典型态度形成鲜明对比。

It could mean Trump isn'S not ready to back down from his tariff fight just yet, keeping risk assets feeling uneasy. If stock prices continue to fall, it’s hard to imagine bitcoin staying resilient for long, especially given the lack of uplifting narratives in the crypto market.

这可能意味着特朗普尚未准备好从关税战斗中退缩，使风险资产感到不安。如果股票价格继续下跌，很难想象比特币长期保持弹性，尤其是考虑到加密货币市场上缺乏令人振奋的叙述。

"It's just a guess, but I doubt Trump will reverse course on tariffs and his drive to bring U.S. manufacturing back at these price levels," Greg Magadini, director of derivatives at Amberdata, shared in an email. "I can’t picture a scenario where risk assets crash and crypto remains unaffected, or where the VIX increases and crypto's implied volatility doesn't follow suit."

“这只是一个猜测，但我怀疑特朗普是否会扭转关税和他使我们以这些价格水平重新恢复制造业的动力。” Amberdata的衍生产品总监Greg Magadini在一封电子邮件中分享。 “我无法想象风险资产崩溃和加密货币不受影响的情况，或者VIX增加而加密的隐含波动不适。”

Plus, sentiment is deteriorating on Main Street, which could add to the recent risk aversion in both the crypto and traditional markets. A chart shared on X by Otavio Costa, a macro strategist at Crescat's Capital, highlights a record number of U.S. consumers expecting conditions to worsen over the next year (see Chart of the Day, below).

另外，在大街上，情绪正在恶化，这可能会增加加密和传统市场的最新风险规避。 Crescat's Capital的宏观策略师Otavio Costa在X上分享的图表突出了创纪录的美国消费者，期望明年有条件会恶化（请参见下面的图表，下面）。

The focus on macro means traders will follow Wednesday's Fed meeting for cues on the central bank's readiness to deploy stimulus. The bar is low after Chairman Powell said the bank is in a wait-and-watch mode to assess the impact of Trump's policies before cutting rates.

对宏观的关注意味着交易者将遵循周三的美联储会议，讨论中央银行准备部署刺激的线索。鲍威尔（Powell）主席表示该银行处于等待观察模式之后，酒吧很低，以评估特朗普在降低利率之前的影响。

In other news, Aave Labs's Founder, Stani Kulechov, confirmed that the Aave decentralized autonomous organization had reached a clear consensus against introducing a new token for Horizon, an Aave initiative to integrate real-world assets into decentralized finance.

在其他新闻中，Aave Labs的创始人Stani Kulechov确认，AAVE分散的自治组织已达成了明确的共识，反对为Horizo​​n引入新的代币，这是一项将现实世界中的资产整合到分散的金融中的AAVE计划。

Trump is reportedly going to talk to Russian President Vladimir Putin about ending the Ukraine war. Digital asset prime broker FalconX said it had completed the “first-ever” block trade in CME's SOL futures with StoneX as counterparty. Stay alert!

据报道，特朗普将与俄罗斯总统弗拉基米尔·普京（Vladimir Putin）讨论结束乌克兰战争。 Digital Asset Prime Broker Falconx表示，它已经完成了CME的SOL Futures与Stonex作为对手的“首次”块贸易。保持警觉！

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资料来源：Farside Investors

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