由于获利回吐减缓反弹，比特币 (BTCUSD) 跌破 100,000 美元

事实证明，“比特币 10 万美元”的价格里程碑是难以捉摸的。一些分析师指责，随着公司继续购买加密资产，不安的投资者纷纷获利了结。

Bitcoin (BTCUSD) prices soared to an all-time high of over $99,500 on Friday, leaving many to anticipate the next milestone: BTC at $100,000.

周五，比特币 (BTCUSD) 价格飙升至 99,500 美元以上的历史新高，让许多人期待下一个里程碑：BTC 达到 100,000 美元。

However, the world's largest cryptocurrency was trading at around $92,000 on Monday evening, still far from the six-figure mark.

然而，周一晚间，全球最大的加密货币交易价格约为 92,000 美元，距离六位数大关还很远。

So what happened? And what's next for bitcoin prices?

那么发生了什么？比特币价格接下来会怎样？

Bitcoin's rally gained steam after Donald Trump's electoral victory, with optimism regarding a more crypto-friendly administration and Congress that could pave the way for regulatory clarity the crypto-industry has been seeking.

唐纳德·特朗普赢得选举后，比特币的上涨势头增强，人们对加密货币更加友好的政府和国会持乐观态度，这可能为加密行业一直寻求的监管清晰度铺平道路。

That rally has slowed recently, though. Some analysts say that is likely a result of profit-taking by relatively new investors into the asset, with longer-term investors continuing to hold on to their bitcoin.

不过，这种反弹最近有所放缓。一些分析师表示，这可能是相对较新的投资者获利了结的结果，而长期投资者则继续持有比特币。

Most of the selling "is coming from 2024 buyers who bought above 56k," Galaxy Digital CEO Mike Novogratz said in an X post Sunday, citing Galaxy's research. "Normal profit taking.

Galaxy Digital 首席执行官迈克·诺沃格拉茨 (Mike Novogratz) 在周日的 X 帖子中援引 Galaxy 的研究表示，大部分销售“来自 2024 年购买量超过 5.6 万美元的买家”。 “正常获利了结。

Galaxy is planning to launch a bitcoin ETF, pending regulatory approval.

Galaxy 计划推出比特币 ETF，正在等待监管部门的批准。

Bitcoin analyst James Check said those who purchased bitcoin around $68,000 six weeks ago are responsible for a large amount of the selling pressure this month.

比特币分析师 James Check 表示，那些在六周前以 68,000 美元左右购买比特币的人对本月的抛售压力负有很大责任。

Strong selling was also seen in bitcoin exchange-traded funds (ETFs) on Monday, as the category had its third-largest day of outflows on record at $435.3 million, according to Farside Investors.

据 Farside Investors 称，周一比特币交易所交易基金 (ETF) 也出现强劲抛售，该类别的资金流出量创历史第三高，达 4.353 亿美元。

This follows the large inflows that were seen in these products since Election Day. (BlackRock's iShares Bitcoin Trust (IBIT) saw $267.8 million of inflows on Monday, despite the net outflows for the category as a whole.)

自选举日以来，这些产品出现了大量资金流入。 （贝莱德旗下 iShares 比特币信托 (IBIT) 周一的资金流入为 2.678 亿美元，尽管该类别整体出现净流出。）

Bitcoin ETFs hold bitcoin and they needed to purchase it as more investors poured money into these products. That's why spot bitcoin ETFs were partially responsible for the cryptocurrency's rise this year.

比特币 ETF 持有比特币，随着越来越多的投资者将资金投入这些产品，他们需要购买比特币。这就是为什么现货比特币 ETF 对今年加密货币的上涨负有部分责任。

While bitcoin prices are still up year to date, the recent weakness comes at a time when more companies are purchasing bitcoin.

尽管比特币价格今年迄今仍在上涨，但最近的疲软是在越来越多的公司购买比特币之际发生的。

MicroStrategy (MSTR) announced the purchase of another $5.4 billion worth of bitcoin on Monday morning. Companies such as Marathon Digital (MARA), Semler Scientific (SMLR) and Rumble (RUM) have also committed to purchasing bitcoin.

MicroStrategy (MSTR) 周一上午宣布再购买价值 54 亿美元的比特币。 Marathon Digital (MARA)、Semler Scientific (SMLR) 和 Rumble (RUM) 等公司也承诺购买比特币。

If that trend continues it could bolster bitcoin prices, according to Coinbase Research.

Coinbase Research 表示，如果这种趋势持续下去，可能会提振比特币价格。

"We think that these corporate inflows represent an increasingly important source of capital inflow into the space as corporate purchase plans that we think may be relatively more price inelastic," Coinbase researchers wrote in recent commentary. "This could contribute to continued market momentum in the near term."

Coinbase 研究人员在最近的评论中写道：“我们认为，这些企业的流入代表了该领域日益重要的资本流入来源，因为我们认为企业购买计划的价格可能相对更具弹性。” “这可能有助于短期内持续的市场动力。”