比特币和以太坊价格结束于2025年第1季度的红色

比特币和以太坊价格已经结束了2025年第一个季度的红色，市场情绪因宏观不确定性而削弱，可见的鲸鱼阻力接近关键价格水平。

Bitcoin (BTC) and Ethereum (ETH) prices are set to close the first quarter of 2025 in the red, as market sentiment soured due to macroeconomic uncertainty and visible resistance from whales at key price levels.

比特币（BTC）和以太坊（ETH）价格将在红色中关闭2025年第一季度，因为由于宏观经济不确定性和关键价格水平的鲸鱼的可见抵抗，市场情绪恶化。

As Swyftx lead analyst Pav Hundal noted, a “vertical swing up” before the quarter’s end on March 31st was highly improbable.

正如Swyftx首席分析师PAV Hundal所指出的那样，在3月31日季节结束之前，“垂直挥杆”非常不可能。

“As I mentioned previously, the chances of a vertical swing up in the crypto market by the end of Q1 are slim to none. I’d say it’s nearly impossible,” Hundal said in a recent X post.

Hundal在最近的X帖子中说：“正如我之前提到的那样，到第一季度结束时，在加密市场上垂直挥杆的机会很小。我说这几乎是不可能的。”

Indeed, there was no unexpected surge, let alone a spark.

确实，没有意外的激增，更不用说火花了。

The crypto market will also be flying a little blind until mid-April, when more clarity is expected on U.S. President Donald Trump’s tariff policies and their impact on risk appetite.

加密市场也将有点盲目，直到4月中旬，预计美国总统唐纳德·特朗普的关税政策及其对风险胃口的影响更加清晰。

According to the latest data from CoinGlass, Ethereum is down 37.98% so far in Q1, 2025, trading at $1,852.25 at press time.

根据Coinglass的最新数据，到目前为止，以太坊在2025年第1季度下跌了37.98％，发稿时以1,852.25美元的价格交易。

This marks its worst Q1 performance since 2018, when ETH fell 46.61%.

这标志着自2018年ETH下跌46.61％以来的最差第一季度表现。

Meanwhile, Bitcoin is in the red by 6.49% over the quarter, its weakest Q1 since the 10.83% drop in 2020.

同时，比特币在本季度的红色占6.49％，这是自2020年下降10.83％以来最弱的第一季度。

Whales Short Bitcoin At $88K As Resistance Builds

随着阻力的建立，鲸鱼的短币为88K $ 88K

According to crypto analytics platform Alphractal, whales have been shorting Bitcoin (BTC) near $88,000.

根据Crypto Analytics平台Alphractal的说法，鲸鱼的比特币（BTC）接近88,000美元。

Bitcoin is currently trading at $83,129.15, up 0.13%.

比特币目前的交易价格为83,129.15美元，上涨0.13％。

The firm reported a “sharp reversal” in its Whale Position Sentiment metric, which tracks large $1 million+ trades across multiple exchanges, typically foreshadowing a price decrease.

该公司报告说，其鲸鱼位置情绪指标的“急剧逆转”，该指标跟踪了多个交易所的100万美元以上的交易，通常预示着价格下降。

“Whales have closed their long positions and the trend is quickly shifting to bear territory as we approach the final days of Q1, 밝혔다.

“鲸鱼已经关闭了他们的长位置，当我们接近Q1的最后几天，趋势正在迅速转移到领土。

This behavior usually precedes a price drop, according to Alphractal CEO Joao Wedson, who shared the observation in a recent X post.

根据Alphractal CEO Joao Wedson的说法，这种行为通常是在价格下跌之前的，他在最近的X帖子中分享了这一观察结果。

CryptoQuant also noted that 8 out of 10 on-chain metrics are currently flashing bearish for Bitcoin.

加密量还指出，十个链上指标中有8个目前正在闪烁比特币的看跌。

The apex cryptocurrency needs to close above $90,000 to maintain bullish momentum.

Apex加密货币需要收盘超过90,000美元，以维持看涨的势头。

“If the price fails to break above the $90,000 level and instead continues to move within the $84,000 to $85,000 zone, we might see a different scenario unfold,” said Crazzyblockk, an analyst at CryptoQuant.

“如果价格未能超过90,000美元的水平，而是继续在84,000美元至85,000美元的区域内移动，我们可能会看到不同的情况，” CryptoQuant的分析师Crazzyblockk说。

Falling below this range could prompt selling, especially from those who bought around $83,000, further impacting the market.

低于此系列可能会促使销售，尤其是购买了大约83,000美元的人，进一步影响了市场。

ETH/BTC Ratio Hits 2020 Levels As Ether Lags

ETH/BTC比率达到2020水平作为以太滞后

The ETH/BTC ratio fell to 0.022, its lowest since May 2020, according to TradingView data.

根据TradingView数据，ETH/BTC的比率下降到自2020年5月以来的最低水平。

This reflects a weakening relative strength for Ether against Bitcoin, despite ETH historically outperforming BTC in the first quarter.

尽管ETH在第一季度表现优于BTC，但这反映了Ether对比特币的相对强度较弱。

CoinGlass data shows that Ethereum has averaged a 78.23% Q1 return since 2017. On the other hand, Bitcoin has returned 51.62% in Q1 on average since 2013. However, these trends broke this year due to unexpected macro pressures.

Coinglass的数据显示，自2017年以来，以太坊的平均Q1回报率为78.23％。另一方面，比特币在2013年以来平均在Q1中返回了51.62％。但是，由于意外的宏观压力，今年这些趋势破裂了。

Earlier optimism that followed Bitcoin’s rise to $100,000 after Trump’s November 2024 election win and a potential price target of $150,000 by the end of 2024 evaporated by early February.

在特朗普2024年11月的选举获胜之后，比特币上涨至100,000美元之后，早期的乐观情绪，到2024年底，到2月初蒸发到2024年底的潜在目标目标为150,000美元。

This shift occurred as new tariffs and interest rate concerns hit risk sentiment, leading to a return to fear in the market.

这次转变发生在新的关税和利率问题遇到风险情绪，从而导致市场上的恐惧。

The Crypto Fear & Greed Index is currently showing fear at 24 as of April 1st.

截至4月1日，目前24岁的加密恐惧和贪婪指数目前显示出恐惧。

The prospect of more macroeconomic clarity by mid-April is expected to bring about a turning point in the market trends.

4月中旬到4月中旬的宏观经济清晰度的前景预计将带来市场趋势的转折点。

Despite the near-term weakness, some economists are still projecting new highs later in 2025.

尽管有近期弱点，但一些经济学家仍在2025年晚些时候预测新的高点。

For instance, Timothy Peterson, economist at Cane Island, said in a recent interview with Real Vision that Bitcoin has a 75% chance of reaching new all-time highs in the next nine months.

例如，甘蔗岛经济学家蒂莫西·彼得森（Timothy Peterson）在最近接受《真实视野》采访时说，比特币在接下来的九个月中有75％的机会达到新的历史最高点。

Peterson, a well-known BTC bull, also claimed that there’s a 50% chance the flagship cryptocurrency gains 50% or more in the short term.

著名的BTC公牛彼得森（Peterson）也声称，旗舰加密货币在短期内有50％或以上的机会有50％。

His model relies on Bitcoin’s 10-year seasonal performance, which shows April and October average monthly gains of 12.98% and 21.98%, respectively.

他的模型取决于比​​特币的10年季节性表现，该表现分别显示4月和10月的平均每月增长率分别为12.98％和21.98％。

Moreover, crypto influencer Colin Talks Crypto expects Bitcoin’s “next major blast-off” around April

此外，加密影响者Colin Talks Crypto期望比特币在四月左右的“下一个重大爆炸”