比特币（BTC）开幕一周，下降了2％

根据Coindesk指数的数据，在过去24小时内，比特币（BTC）在本周开业，下降了2％。这种低迷有助于更广泛的市场斗争

Bitcoin (BTC) began the week in the red, dropping 2% over the last 24 hours, according to CoinDesk Indices data on Monday afternoon in Asia. The downturn in the world’s largest cryptocurrency contributed to broader market struggles, with several major coins like XRP, Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) also slipping by as much as 5%. In contrast, BNB Chain (BNB) showed some resilience, rising 3%.

根据Coindesk Indices的数据，比特币（BTC）开始了一周的红色，在过去的24小时内下降了2％。世界上最大的加密货币的低迷造成了更广泛的市场斗争，XRP，Solana（Sol），Cardano（Ada）和Dogecoin（Doge）等几个主要硬币也下滑了多达5％。相反，BNB链（BNB）表现出一些韧性，增长了3％。

Bitcoin approached a critical resistance level at $84,000, which traders have identified as a crucial point for future upward movement. As trading commenced on Monday afternoon in Asia, BTC/USD slipped below the $83,300 level.

比特币以84,000美元的价格达到了关键的阻力水平，交易者已将其确定为未来向上移动的关键点。随着周一下午在亚洲的交易开始，BTC/USD跌至83,300美元以下。

The recent declines in the crypto market can be largely attributed to last week’s sell-off linked to U.S. tariffs and worsening macroeconomic conditions. Traders are now expressing concerns about a potential U.S. recession, a factor that could herald increased volatility as the correlation between cryptocurrency and U.S. equities remains noteworthy.

最近的加密货币市场下降可能主要归因于上周与美国关税有关的售罄和宏观经济状况恶化的售罄。交易者现在对美国衰退的潜在衰退表示担忧，这一因素可能会预示着随着加密货币与美国股票之间的相关性仍然值得注意的因素。

Despite the current market difficulties, there is still some optimism for volatility in altcoins and memecoins. Trading volumes have reportedly risen for these alternative assets, fueled in part by strategic investments such as Trump’s World Liberty Financial purchasing MNT and AVAX—both subject to VanEck’s ETF application. Nick Ruck from LVRG Research highlighted this increased activity as an indicator that traders may be seeking higher returns from altcoins in the near term, rather than relying on larger capitals like Bitcoin or Ethereum.

尽管当前的市场困难，但对山寨币和成员的波动仍然有些乐观。据报道，这些替代资产的贸易量已经增加，部分原因是特朗普的世界自由财务购买和avax等战略投资，这均受到Vaneck的ETF应用程序的影响。 LVRG研究的尼克·鲁克（Nick Ruck）强调了这一活动的增加，这是交易者可能会在短期内寻求山寨币的更高回报，而不是依靠比特币或以太坊等较大的首都。

The present sell-off is believed to be influenced by the unwinding of ETF and spot-linked trading strategies. Traders indicate that while large-cap equities remain somewhat insulated compared to historical norms, recent concerns surrounding economic indicators may prompt a “buy the dip” mindset as the market navigates tariff-related volatility. Augustine Fan, Head of Insights at SignalPlus, remarked on this sentiment, suggesting that hard economic data may outpace the deteriorating soft data.

据信目前的抛售受到ETF和与现货交易策略的放松影响。贸易商表示，尽管与历史规范相比，大型股票仍然有些隔热，但由于市场导航与关税相关的波动性，最近对经济指标的最新问题可能会引起“购买”的思维方式。 SignalPlus的见解负责人奥古斯丁·范（Augustine Fan）对此情绪表示了，这表明艰难的经济数据可能会超过恶化的软数据。

The strategy employed by many hedge funds, known as multi-strategy (multi-strat) trading, involves varied tactics—including arbitrage and long-short positions—to achieve optimal returns across diverse asset classes. In Bitcoin’s context, a prevalent multi-strategy approach entails executing basis trades where funds buy spot Bitcoin (often through ETFs) while shorting Bitcoin futures to benefit from pricing differentials. However, when the profitability of these basis trades declines—either due to tighter spreads or shifts in market dynamics—funds may liquidate their positions en masse, exacerbating market sell-offs.

许多对冲基金采用的策略，称为多束缚（多层）交易，涉及各种策略（包括套利和长期职位），以实现各种资产类别的最佳回报。在比特币的背景下，普遍的多策略方法需要执行基础交易，在这些贸易中，资金购买现货比特币（通常是通过ETF），同时缩短比特币期货以从定价差异中受益。但是，当这些基础交易的盈利能力下降（由于市场动态的差异或变化，资金可能会在大量的情况下清算其头寸，加剧市场抛售。

Even with the pressures in the market, the prevailing sentiment among bullish investors leans towards a buy-the-dip outlook, anticipating recovery as market volatility associated with tariffs continues. The consensus suggests that economic fundamentals may support buying opportunities, fueling hopes for a resilient market rebalance in the months ahead.

即使有市场压力，看涨的投资者的普遍情绪也倾向于倾向于买入前景，预计随着与关税相关的市场波动的恢复仍在继续。共识表明，经济基本面可以支持购买机会，这为未来几个月内有弹性的市场重新平衡带来了希望。