比特币和以太坊在市场动荡和政策转变中暴跌

由于市场情绪下降、货币政策行动和加密衍生品市场，比特币（BTC）和以太坊（ETH）最近价格下跌。摩根大通对比特币抛售表示担忧，由于流入现货比特币 ETF 的资金减少，金融机构对潜在价格上涨的乐观情绪有所下降。美联储的货币政策也影响了市场，导致衍生品市场活动增加，分析师猜测比特币价格可能创下历史新高。

Bitcoin and Ethereum Slump Amid Market Turbulence and Policy Shifts

市场动荡和政策转变导致比特币和以太坊暴跌

New York, NY - The cryptocurrency market has witnessed a significant decline in prices, with Bitcoin (BTC) and Ethereum (ETH) leading the downward trend. This plunge stems from a confluence of factors, including waning market sentiment, monetary policy actions, and the dynamics of the crypto derivatives market.

纽约州纽约 - 加密货币市场价格大幅下跌，比特币（BTC）和以太坊（ETH）领跌。这次暴跌源于多种因素的综合作用，包括市场情绪减弱、货币政策行动以及加密货币衍生品市场的动态。

JP Morgan Expresses Caution

摩根大通表示谨慎

JP Morgan, a leading financial institution, has voiced concerns over the extended sell-off in Bitcoin, emphasizing that the market remains overbought. This has dampened the optimism that financial institutions held for a potential price surge by the end of the year.

领先的金融机构摩根大通对比特币的长期抛售表示担忧，强调市场仍然超买。这削弱了金融机构对年底价格可能上涨的乐观情绪。

JP Morgan's analysis attributes this shift in sentiment to diminished expectations of a post-halving reduction in Bitcoin supply and a decline in inflows into spot Bitcoin exchange-traded funds (ETFs). The bank notes a decrease in these inflows, indicating a change in investor sentiment.

摩根大通的分析将这种情绪转变归因于人们对比特币供应量减半后减少的预期的减弱以及现货比特币交易所交易基金（ETF）资金流入的减少。该银行指出，这些资金流入有所减少，表明投资者情绪发生了变化。

Federal Reserve's Policy Impact

美联储的政策影响

The US Federal Reserve's decision to maintain the fed funds rate within the range of 5.25%-5.5% was in line with market expectations. However, Federal Reserve Chairman Jerome Powell's projection of three rate cuts this year, with additional cuts anticipated in 2025, has influenced market dynamics.

美联储维持联邦基金利率在5.25%-5.5%区间的决定符合市场预期。然而，美联储主席杰罗姆·鲍威尔预计今年将降息三次，并预计在 2025 年进一步降息，这影响了市场动态。

Surge in Derivatives Market Activity

衍生品市场活动激增

This decision has resonated in the derivatives market, with a notable increase in large-volume transactions observed. According to Adam, a market researcher from GreeksLive, approximately 30% of all option transactions involve high volumes, with many of these transactions representing purchases of call options.

这一决定在衍生品市场引起了反响，大宗交易量显着增加。 GreeksLive 市场研究员 Adam 表示，大约 30% 的期权交易涉及大量交易，其中许多交易代表购买看涨期权。

The BTC and ETH options market has exhibited significant activity, with $2.6 billion worth of options set to expire. This has fueled speculation that BTC prices may reach new all-time highs.

BTC 和 ETH 期权市场表现出活跃，价值 26 亿美元的期权即将到期。这引发了人们对比特币价格可能创下历史新高的猜测。

Analyst Forecasts

分析师预测

While some analysts anticipate a bullish outlook, others maintain a more conservative stance. Markus Thielen, an analyst, predicts that Bitcoin may undergo a further correction, potentially declining to levels between $52,000 and $54,000.

尽管一些分析师预计前景看涨，但其他分析师则保持更为保守的立场。分析师 Markus Thielen 预测，比特币可能会进一步回调，可能跌至 52,000 美元至 54,000 美元之间的水平。

Despite this bearish projection, analysts at Bernstein have revised their Bitcoin year-end target upwards from $80,000 to $90,000, underscoring the potential for Bitcoin's recovery amidst the current market volatility.

尽管有这一悲观预测，伯恩斯坦分析师仍将比特币年底目标从 80,000 美元上调至 90,000 美元，强调了比特币在当前市场波动中复苏的潜力。

Spot Bitcoin ETF Dynamics

现货比特币ETF动态

The dynamics surrounding spot Bitcoin ETFs have further contributed to the market's bearish sentiment. Bitcoin ETFs have faced persistent net outflows, with the Grayscale Bitcoin Trust ETF (GBTC) experiencing particularly heavy outflows. These outflows have not been offset by inflows into other funds, such as the iShares Bitcoin Trust (IBIT).

围绕比特币 ETF 现货的动态进一步加剧了市场的看跌情绪。比特币 ETF 面临持续的净流出，其中灰度比特币信托 ETF (GBTC) 的流出尤其严重。这些资金流出并未被 iShares 比特币信托 (IBIT) 等其他基金的流入所抵消。

This trend raises questions about the sustainability of Bitcoin ETFs' popularity, despite the overall net inflows they have attracted since their launch.

这一趋势引发了人们对比特币 ETF 受欢迎程度可持续性的质疑，尽管它们自推出以来吸引了总体净流入。

Conclusion

结论

The recent decline in Bitcoin and Ethereum prices is a complex interplay of market sentiment, monetary policy changes, and the dynamics of the crypto derivatives market. While some analysts predict a potential surge in BTC prices, others maintain a more cautious outlook. The future trajectory of cryptocurrencies will depend on the evolving macroeconomic landscape and the ongoing developments within the blockchain ecosystem.

最近比特币和以太坊价格的下跌是市场情绪、货币政策变化和加密衍生品市场动态的复杂相互作用的结果。虽然一些分析师预测比特币价格可能会飙升，但其他分析师则对前景持更为谨慎的态度。加密货币的未来轨迹将取决于不断变化的宏观经济格局和区块链生态系统的持续发展。