随着回退流动性测试，比特币（BTC/USD）下降了14％

在过去的七天中，比特币（BTC/USD）下降了14％，促使专家就这种纠正中的流动性扮演的角色辩论。

Bitcoin BTC/USD is trading lower in the last 24 hours after recent price action saw the cryptocurrency fall 14% over the past seven days. As such, experts are weighing in on what role receding liquidity might be playing in the correction.

在最近的7天，最近24小时内，比特币BTC/USD在最近24小时内的交易下降了14％。因此，专家们正在权衡其纠正中流动性可能扮演的角色。

What Happened: In a detailed thread on X on Thursday, UnlimitedFnds Chief Investment Officer Bob Elliott pointed out that the post-election crypto rally has faded, with many assets completing full round trips from their highs.

发生的事情是：在周四X的详细线程中，UnlimitedFNDS首席投资官Bob Elliott指出，选举后的加密集会逐渐消失，许多资产完成了高潮的全面旅行。

As part of the post-election rally, Bitcoin surged to a high of $73,000 in March before dropping to lows of $60,000 this week. This marks a 20% correction from the post-election peak.

作为选举后集会的一部分，比特币在3月的高处飙升至73,000美元，然后本周下降至60,000美元。这标志着选举后峰的20％校正。

As for what happened, Elliott explained that while crypto markets have shown strength in recent months, the tide appears to be turning.

至于发生的事情，埃利奥特（Elliott）解释说，尽管加密货币市场最近几个月表现出了实力，但潮流似乎正在转变。

"The post-election crypto rally has faded with most assets completing a full round trip from their highs. This early stage of 2024 saw a brief but intense period of excess liquidity following the FTX collapse and subsequent bailouts, which benefited crypto as a primary risk asset," Elliott said in part.

“选举后加密拉力赛的大多数资产都从他们的高处完成了完整的往返。2024年的早期阶段看到了FTX崩溃和随后的救助之后的短暂但强烈的流动性，这使Crypto受益于Crypto作为主要风险资产，” Elliott在部分中说。

"The crypto downturn may be an early warning sign of broader liquidity conditions deteriorating. Crypto typically benefits first and most from periods of excess liquidity, making it a leading indicator for risk assets. With the financial system awash in liquidity for the past 18 months, it's no surprise that crypto markets have also seen their fair share of capital inflows."

“加密货币经济下滑可能是更广泛的流动性条件恶化的预警信号。加密货币通常首先受益于多余的流动性时期，这使其成为风险资产的主要指标。在过去的18个月中，金融体系在过去18个月中的流动性消失了，这并不奇怪，加密货币市场也看到了其资本流入的公平份额。”

Later in the thread, Elliott added that the bulk of the recent market moves are now complete, and that the time frame for the next stage of the market is 2025 when we may see some serious financial strain.

埃利奥特（Elliott）在稍后的话题中补充说，最近的大部分市场移动现在已经完成，下一阶段市场的时间范围是2025年，当时我们可能会看到一些严重的财务压力。

"The visualization shows the complete reversal of crypto-related equities (e.g., Strategy MSTR) and a full return trip for major coins like Ethereum ETH/USD and Solana SOL/USD from their post-election peaks," Elliott explained.

Elliott解释说：“可视化显示了与加密相关的股票（例如策略MSTR）的完全逆转，以及从选举后峰（Ethereum eth/usd）等主要硬币（例如以太坊ETH/USD）和SOLANA SOL/USD进行的完整回程。”

"Even speculative assets like Fartcoin FARTCOIN/USD (yes, you read that right) and Trump-themed cryptocurrencies are now struggling to hold onto their recent gains. This broad-based weakness signals a potential shift in market trends."

“即使是诸如Fartcoin Fartcoin/USD之类的投机资产（是的，您读得正确）和以特朗普为主题的加密货币也在努力保持其最近的收益。这种基于广泛的弱点标志着市场趋势的潜在转变。”

If liquidity continues to drain and we move into 2025 with markets still at all-time highs in a no-liquidity world (which is a possibility if the Fed continues to hike), then we may see some serious financial strain as the music stops and no chairs remain.

如果流动性继续流失，我们进入2025年，而在不流动世界中，市场仍处于历史最高水平（如果美联储继续徒步旅行，这是可能的），那么随着音乐停止并且没有椅子，我们可能会看到一些严重的财务压力。

If we do move into 0 liquidity with markets at all-time highs, it may spell doom for the stock market as the time frame for the next stage of the market is 2025

如果我们确实在历史高潮中进入市场的0个流动性，那么股市可能会说出厄运，因为下一阶段的市场时间范围是2025年

CryptoQuant CEO Ki Young Ju added that high spot volume at $100,000 is being seen but that Bitcoin is now facing a liquidity test.

CryptoQuant首席执行官Ki Young Ju补充说，正在看到100,000美元的高点量，但该比特币现在正面临流动性测试。

"If no fresh capital flows in, BTC might get locked in the $75,000-$100,000 range until a major catalyst sparks demand again," Ki Young Ju stated.

Ki Young Ju说：“如果没有新的资本流入，BTC可能会被锁定在$ 75,000- $ 100,000的范围内，直到重大催化剂再次激发需求为止。”

If the price drops below $75,000, it might indicate a deeper correction, especially if it falls below $70,000, according to the crypto analyst.

根据加密分析师的说法，如果价格下跌低于75,000美元，则可能表明更深入的更正，尤其是在低于$ 70,000的情况下。

See More: Best Cryptocurrency Scanners

查看更多：最佳加密货币扫描仪

What Next: Bitcoin is known for its volatility and rapid price movements. The cryptocurrency has been a subject of much debate, with some experts remaining skeptical of its long-term viability while others see it as a promising innovation.

下一步：比特币以其波动性和价格快速变动而闻名。加密货币一直是一个辩论的主题，一些专家对其长期生存能力保持了怀疑，而另一些专家则将其视为有希望的创新。

As the cryptocurrency market continues to evolve, it will be interesting to observe how Bitcoin performs in the coming months and how its price action is influenced by macroeconomic trends and institutional adoption.

随着加密货币市场的不断发展，观察比特币在接下来的几个月中的表现以及其价格行动如何受到宏观经济趋势和机构采用的影响将是很有趣的。

Now Read: Is Bitcoin Bottom Bounded By $60,000 Level As Experts Remain Divided On Next Move

现在阅读：比特币底部是$ 60,000的水平，因为专家在下一步行动中仍然分配