比特币可能处于主要价格波动的边缘

比特币BTC $ 79 058 24H波动率：2.3％的市值：$ 1.57 T卷。 24小时：全球最大的数字资产68.99美元，可能处于主要价格波动的边缘。

Key Notes:

关键说明：

* China’s yuan weakened beyond a key level on Monday as the People’s Bank of China (PBOC) set the daily reference rate at 7.2038 against the dollar.

*周一，中国人民银行（PBOC）将日常参考率定为7.2038，中国的人民币削弱了关键水平。

* This is the lowest fix since September and signals a shift in how the central bank manages the currency.

*这是自9月以来的最低修复程序，标志着中央银行管理货币的转变。

* The yuan cannot float freely like the US dollar or the euro. It trades within a 2% band on either side of a set rate announced each morning by the central bank.

*人民币不能像美元或欧元一样自由地漂浮。它每天早晨宣布的设定利率的两侧都在2％的乐队内交易。

* Many experts believe this decision is a response to renewed pressure from the United States.

*许多专家认为，这一决定是对美国重新压力的回应。

* Since his return to the White House, President Donald Trump has imposed tariffs on Chinese goods. China’s move could be aimed at making its exports more competitive by keeping the currency weaker.

*自从返回白宫以来，唐纳德·特朗普总统对中国商品征收关税。中国的举动可能旨在通过使货币疲软，使其出口更具竞争力。

* Additionally, the 7.2 yuan-per-dollar level has long been a key psychological barrier. In the past, the central bank has stepped in when market forces pushed beyond that level.

*此外，长期以来，7.2元的每美元水平一直是一个关键的心理障碍。过去，中央银行介入了市场力量超出该水平的时候。

* However, this time the bank is stepping back, allowing the yuan to slide past it officially.

*但是，这次银行正在退后一步，允许人民币正式滑过它。

* According to the development, some analysts believe this could mark the beginning of Chinese authorities’ broader, managed depreciation strategy. A move that could benefit risk-on assets.

*根据该发展，一些分析人士认为，这可能标志着中国当局更广泛，管理折旧战略的开始。可能受益于风险资产的举动。

* Historically, when the yuan loses value there is increased interest in moving money out of China. In the past some of that money has flowed into Bitcoin.

*从历史上看，当人民币失去价值时，将钱从中国移出的兴趣增加。过去，其中一些钱流入了比特币。

* Crypto experts are already noting similarities between today’s situation and events in 2013 and 2015 when a noticeable rise in Bitcoin’s price followed the yuan devaluation.

*加密专家已经注意到当今情况与2013年和2015年的事件之间的相似之处，当时比特币的价格明显上涨随着人类的贬值。

* In his recent X post, Arthur Hayes, the former CEO of BitMEX, disclosed that if the U.S. Federal Reserve does not take steps that favor Bitcoin, then the PBOC might do so indirectly.

* Bitmex的前首席执行官亚瑟·海斯（Arthur Hayes）在他最近的X帖子中透露，如果美国美联储不采取有利于比特币的步骤，那么PBOC可能会间接地做到这一点。

* Past yuan devaluations have supported a narrative of Chinese capital flowing into crypto, especially Bitcoin.

*过去的元贬值支持了中国资本流入加密货币的叙述，尤其是比特币。

If not the Fed then the PBOC will give us the yachtzee ingredients.

如果不是美联储，那么PBOC将为我们提供Yachtzee成分。

CNY deval = narrative that Chinese capital flight will flow into $BTC.

CNY DEVAL =中国资本飞行将流向$ BTC的叙述。

It worked in 2013 , 2015, and can work in 2025.

它在2013年，2015年工作，可以在2025年工作。

Ignore China at your own peril.https://t.co/W6q4G7V8b3

忽略您自己的危险。https：//t.co/w6q4g7v8b3

— Arthur Hayes (@CryptoHayes) April 8, 2025

- 亚瑟·海斯（@cryptohayes）2025年4月8日

Still, several factors may make this difficult. For instance, China has strict regulations regarding cryptocurrency activity.

尽管如此，几个因素可能会使这一困难。例如，中国对加密货币活动有严格的规定。

According to a new regulation, banks are required to monitor and report suspicious international transactions, especially those linked to crypto.

根据一项新规定，需要银行来监视和报告可疑的国际交易，尤其是与加密货币有关的交易。

Analyst Markus Thielen also noted that legal risks for individuals using crypto for capital movement have grown even steeper since August 2024. Despite this, a strong enough economic push could still reach the Bitcoin market.

分析师马克斯·泰伦（Markus Thielen）还指出，自2024年8月以来，使用加密货币运输的个人的法律风险变得越来越陡峭。尽管如此，足够强大的经济推动仍然可以到达比特币市场。

CoinSpeakesr reports that crypto market liquidations jumped to $1.4 billion after Bitcoin price dropped by 8% earlier this week. BTC price fell to $76,100. However, when writing, CoinMarketCap data shows Bitcoin was trading at $79,117.01, up more than 3% in the last 24 hours.input: A bitcoin chart shows the cryptocurrency trading at around $79 058 on Monday morning. As the world’s largest digital asset could be on the edge of a major price swing. This speculation is growing as China adjusts its monetary policy, a shift that could lead to greater demand for bitcoin and other cryptocurrencies.

Coinspeakesr报道说，加密货币市场清算在本周早些时候比特币价格下跌8％后跃升至14亿美元。 BTC价格跌至76,100美元。但是，在写作时，CoinMarketCap数据显示，比特币的交易价格为79,117.01美元，在过去24小时内增长了3％以上。输入：一个比特币图表显示，加密货币交易的交易价格在周一上午约79美元左右。由于世界上最大的数字资产可能处于主要价格波动的边缘。随着中国调整其货币政策，这种猜测正在增长，这一转变可能导致对比特币和其他加密货币的需求更大。

As bitcoin and risk-on assets remain susceptible to the monetary policies of top economies like China, the potential positive shift appears imminent.

随着比特币和风险资产的资产仍然容易受到中国高级经济体的货币政策的影响，潜在的积极转变似乎即将出现。

Yuan Weakens as China Responds to Economic Pressure

元削弱了中国对经济压力的反应

The People’s Bank of China (PBOC) has moved to allow the yuan to weaken beyond a significant level. The central bank set the daily reference rate at 7.2038 against the dollar. The update marks the lowest fix since September and signals a change in how the central bank manages the currency.

中国人民银行（PBOC）已采取行动，使人民币削弱了大量的水平。中央银行将每日参考率定为7.2038美元。该更新标志着自9月以来的最低修复，并指示中央银行管理货币的方式有所改变。

It is worth noting that the yuan cannot float freely like the US dollar or the euro. It trades within a 2% band on either side of a set rate announced each morning by the central bank.

值得注意的是，人民币不能像美元或欧元一样自由地漂浮。它每天早晨宣布的设定利率的两侧都在2％的乐队内交易。

Many experts opine that this decision is a response to renewed pressure from the United States. Since his return to the White House, President Donald Trump has imposed tariffs on Chinese goods. China’s move could be aimed at making its exports more competitive by keeping the currency weaker.

许多专家认为，这一决定是对美国重新压力的回应。自从返回白宫以来，唐纳德·特朗普总统对中国商品征收关税。中国的举动可能旨在通过使货币疲软，使其出口更具竞争力。

Additionally, the 7.2 yuan-per-dollar level has long been a key psychological barrier. In the past, the central bank has stepped in when market forces pushed beyond that level. However, this time the bank is stepping back, allowing the yuan to slide past it officially.

此外，长期以来，7.2元的每美元水平一直是一个关键的心理障碍。过去，中央银行介入了市场力量超出该水平的时候。但是，这次银行正在退后一步，允许人民币正式滑过它。

According to the development, some analysts believe this could mark the beginning of Chinese authorities’ broader, managed depreciation strategy. A move that

根据该发展，一些分析师认为，这可能标志着中国当局更广泛，管理折旧战略的开始。举动