比特币：从 108,000 美元的下跌以及随后的市场调整

比特币 108,000 美元的兴奋是短暂的。自 2024 年 11 月创下历史新高以来，BTC 一直难以保持在 100,000 美元以上

The euphoria of Bitcoin at $108,000 was short-lived. Since this All Time High in November 2024, BTC has struggled to stay above $100,000, leaving traders and analysts perplexed.

比特币 108,000 美元的兴奋是短暂的。自 2024 年 11 月创下历史新高以来，BTC 一直难以保持在 10 万美元以上，这让交易员和分析师感到困惑。

The last few weeks have seen the crypto market wobble, notably due to speculations surrounding the decisions of the U.S. Federal Reserve. With the Fear & Greed index marking a historical drop, let’s dive into the behind-the-scenes of this turnaround.

过去几周，加密货币市场出现了波动，这主要是由于围绕美联储决定的猜测。随着恐惧与贪婪指数出现历史性下降，让我们深入了解这一转变的幕后故事。

The fall of Bitcoin : a domino effect of events

比特币的衰落：事件的多米诺骨牌效应

The news on Bitcoin: the Fear & Greed index, which measures the mood of the crypto market, experienced a spectacular plunge on January 9th, dropping from 69 to 50 in a single day. This descent into hell reflects a brutal transition from euphoria to a neutral sentiment.

比特币新闻：衡量加密货币市场情绪的恐惧与贪婪指数在 1 月 9 日经历了惊人的暴跌，单日从 69 跌至 50。这种堕入地狱的过程反映了从欣快到中性情绪的残酷转变。

For reference, the last time the score was this low was on October 14, 2024, when Bitcoin was trading at $63,000.

作为参考，上次得分如此低是在 2024 年 10 月 14 日，当时比特币交易价格为 63,000 美元。

Several factors are behind this drop :

这一下降背后有几个因素：

Michael Pizzino, an influential analyst, highlighted on Twitter:

颇具影响力的分析师迈克尔·皮齐诺 (Michael Pizzino) 在 Twitter 上强调：

“The last time the index was at 50, BTC soared from $49,000 in two months. This could mean a BTC at $140,000 in March!”

“上次该指数为 50 时，比特币在两个月内从 49,000 美元飙升。这可能意味着 3 月份 BTC 价格将达到 14 万美元！”

If history does not always repeat itself, it often rhymes… and this prediction is certainly spicy.

如果历史并不总是重演，它往往会押韵……这个预测确实很辛辣。

Crypto market: the time for adjustments

加密市场：调整时机到了

The crypto market, long boosted by optimistic forecasts, is undergoing a painful adjustment. The Fear & Greed index compiles several factors:

长期以来受到乐观预测提振的加密货币市场正在经历痛苦的​​调整。恐惧与贪婪指数汇集了几个因素：

These metrics indicate a market searching for benchmarks, especially with the U.S. Federal Reserve about to tighten monetary policy. The prospect of a tightening in 2025 has traders on edge, fearing new pressure on BTC.

这些指标表明市场正在寻找基准，尤其是在美联储即将收紧货币政策的情况下。 2025 年收紧政策的前景让交易员感到紧张，担心 BTC 面临新的压力。

In parallel, speculations about a U.S. government strategy to stockpile Bitcoin add to the confusion. So, is it a consolidation strategy or just a pause before a new surge? The market is holding its breath.

与此同时，有关美国政府储存比特币战略的猜测也加剧了混乱。那么，这是一种整合策略还是只是新一轮上涨之前的暂停？市场屏住呼吸。

All cards are on the table: if the Fed plays its role as a catalyst, Bitcoin could target a new ATH as early as March 2025. A month and a half to prepare, that’s short, so get your action plans ready!

所有牌都摆在桌面上：如果美联储发挥催化剂作用，比特币最早可能在 2025 年 3 月达到新的 ATH。一个半月的准备时间很短，所以准备好你的行动计划吧！