比特币（BTC）波动率接近周期高点

在美国总统唐纳德·特朗普（Donald Trump）一月份上任之后，矛盾的看涨和看跌信号达到了顶峰，该信号在令人眼花

The recent volatility in Bitcoin's (BTC) price has been attributed to several factors, including the looming trade war and the planned US cryptocurrency stockpile. According to data from TradingView and Glassnode, Bitcoin's volatility is approaching cycle highs.

比特币（BTC）价格最近的波动率归因于几个因素，包括迫在眉睫的贸易战和计划中的美国加密货币库存。根据TradingView和GlassNode的数据，比特币的波动率接近周期高点。

The conflicting bullish and bearish signals, which peaked after US President Donald Trump took office in January, have sent crypto prices on a dizzying ride, the data shows.

数据显示，在美国总统唐纳德·特朗普（Donald Trump）在一月份上任之后达到顶峰的看涨和看跌信号均达到顶峰。

"As demonstrated by the intense whipsaw in price action, this has led to very turbulent conditions over the last two weeks against a backdrop of an uncertain political environment," Glassnode said in a March research note.

格拉斯诺德（Glassnode）在3月的一份研究报告中说：“正如价格行动中强烈的鞭子所证明的那样，在过去的两个星期中，这导致了不确定的政治环境的背景下的动荡条件。”

Bitcoin's realized volatility — one measure of daily price variations — has "recorded some of the highest volatility values of the cycle so far, exceeding 80% on one- and two-week time-scales and remaining in the mid-70% range on longer time-scales," according to Glassnode.

玻璃节数字。

Meanwhile, the digital currency's average true range (ATR), another volatility measure, has reached cycle highs of more than 4,900, up from around 3,000 in late February, according to data from TradingView.

同时，根据TradingView的数据，数字货币的平均真实范围（ATR）是另一项波动率的措施，已达到4,900多个周期高点，高于2月下旬的3,000多个左右。

As of March 5, BTC is down nearly 30% from December highs of around $109,000, the cryptocurrency's highest-ever spot price. Altcoins Ether (ETH) and Solana (SOL) are both down more than 50% off highs, Glassnode said.

截至3月5日，BTC比十二月高点约109,000美元（加密货币的最高现货价格）下降了近30％。 GlassNode说，AltCoins Ether（ETH）和Solana（Sol）的高点均下降了50％以上。

President Trump announced on March 4 that he would be imposing 25% tariffs against Canada and Mexico, the United States' largest trading partners.

特朗普总统在3月4日宣布，他将对美国最大的贸易伙伴加拿大和墨西哥征收25％的关税。

The bearish news was a bait-and-switch for traders who grew optimistic after Trump tipped plans on March 2 to create a US crypto reserve holding tokens ranging from BTC and ETH to XRP (XRP) and Cardano (ADA).

看跌新闻是一个诱饵和开关，对于特朗普于3月2日提出计划以创建了一个美国加密储备的计划，持有从BTC和ETH到XRP（XRP）和Cardano（ADA）的美国加密货币储备。

In response, Bitcoin sunk to around $82,000 after touching highs of around $93,000 on March 3, according to data from Google Finance. Altcoins such as ETH and SOL fell even further, dropping by around 12% and 20%, respectively, the data showed.

作为回应，根据Google Finance的数据，在3月3日接触93,000美元的高点后，比特币跌至82,000美元。数据显示，诸如ETH和SOL之类的AltCoins进一步下降，分别下降了约12％和20％。

The sell-off signaled that macro factors could overpower bullish industry developments, including the US Securities and Exchange Commission's dismissal of several lawsuits against crypto firms in February.

抛售表明，宏观因素可能会超越看涨的行业发展，包括美国证券交易委员会在2月份驳回针对加密货币公司的几项诉讼。

On March 4, cryptocurrency derivatives traders suffered more than $1 billion in liquidations as spot prices whipsawed.

3月4日，加密货币衍生品贸易商随着现场价格鞭打而遭受了超过10亿美元的清算。