由于滞胀担忧席卷市场，比特币跌破 6.2 万美元

4 月 25 日，由于美国 GDP 增速意外低迷和通胀上升，市场情绪受到动摇，比特币 (BTC) 跌破 62,000 美元。这一“滞胀”数据推低了美联储降息的预期，使人们对经济“软着陆”的前景产生了怀疑。

Bitcoin Plunges Below $62,000 as Stagflationary Macroeconomic Data Spooks Markets

滞胀宏观经济数据令市场恐慌，比特币跌破 62,000 美元

Bitcoin (BTC) plummeted below $62,000 during the April 25 Wall Street opening bell, succumbing to concerns over the United States' worrisome macroeconomic indicators that have revived fears of stagflation, a dreaded combination of high inflation and economic slowdown.

4 月 25 日华尔街开盘时，比特币 (BTC) 暴跌至 62,000 美元以下，原因是人们对美国令人担忧的宏观经济指标感到担忧，这些指标再次引发了人们对滞胀（高通胀和经济放缓的可怕组合）的担忧。

GDP Disappoints, Inflation Soars

GDP 令人失望，通胀飙升

The release of the U.S. first-quarter GDP, which fell to a meager 1.6%, significantly below market expectations, triggered a wave of unease across financial markets. Simultaneously, consumer prices rose at a faster-than-anticipated pace, highlighting the daunting challenge faced by the Federal Reserve (Fed) in taming inflation.

美国第一季度GDP下滑至微弱的1.6%，大幅低于市场预期，引发整个金融市场的一波不安。与此同时，消费者价格上涨速度快于预期，凸显美联储在抑制通胀方面面临严峻挑战。

"A 1.6% GDP reading would end six consecutive quarters of growth above 2%," remarked The Kobeissi Letter, a respected trading resource on X (formerly Twitter). "However, we haven't witnessed two consecutive quarters of declining GDP since Q2 2022. The question looms: is the economy starting to weaken?"

X（前身为 Twitter）上受人尊敬的交易资源《Kobeissi Letter》评论道：“1.6% 的 GDP 数据将结束连续六个季度超过 2% 的增长。” “然而，自2022年第二季度以来，我们还没有看到GDP连续两个季度下降。问题迫在眉睫：经济是否开始疲软？”

The Kobeissi report further underscored the surprising nature of the GDP data, which fell short of Goldman Sachs' forecast by nearly 50%.

科贝西报告进一步凸显了GDP数据的惊人性，该数据比高盛的预测低了近50%。

Fed Rate Cut Prospects Fade

美联储降息前景黯淡

The disappointing economic data dealt a significant blow to market expectations for a loosening of monetary policy by the Fed. Previously, traders had factored in an interest rate cut as early as December; however, the latest data has substantially diminished those hopes.

令人失望的经济数据严重打击了市场对美联储放松货币政策的预期。此前，交易员早在 12 月就已考虑降息；然而，最新数据大大削弱了这些希望。

According to the CME Group's FedWatch Tool, the probability of a rate cut at the next Federal Open Market Committee (FOMC) meeting on May 1 has plummeted to just 6.3%.

根据芝商所的 FedWatch 工具，5 月 1 日联邦公开市场委员会 (FOMC) 下次会议降息的可能性已降至仅 6.3%。

Bitcoin Follows Equity Markets Down

比特币跟随股市下跌

Bitcoin mirrored the downward trajectory of U.S. equities, particularly tech stocks, struggling to regain the ground lost in the previous week after a geopolitical dip below $60,000.

比特币反映了美国股市（尤其是科技股）的下跌轨迹，在地缘政治跌破 60,000 美元后，努力收复上周失地。

Bullish Sentiment Persists Amid Bearish Signals

看跌信号中看涨情绪持续存在

Despite the overall bearish sentiment, some analysts remained optimistic about Bitcoin's future prospects. Popular trader Crypto Chase suggested that the BTC/USD pair could rally further to reach $68,000.

尽管整体看跌情绪，但一些分析师仍对比特币的未来前景持乐观态度。受欢迎的交易员 Crypto Chase 表示，BTC/USD 货币对可能会进一步反弹至 68,000 美元。

Other traders, such as Crypto Tony, predicted that Bitcoin would reach new macroeconomic highs before experiencing further consolidation.

Crypto Tony 等其他交易员预测，在经历进一步整合之前，比特币将达到新的宏观经济高点。

STH Realized Price Provides Crucial Support

STH 已实现价格提供关键支撑

Analyst Caleb Franzen highlighted the short-term holder (STH) realized price, currently at $59,530, as a critical support level. This metric represents the average price at which STH entities—wallets holding coins for 155 days or less—last moved their assets. It has served as a reliable indicator of market support since the end of the 2022 bear market.

分析师 Caleb Franzen 强调短期持有者 (STH) 实现价格（目前为 59,530 美元）是关键支撑位。该指标代表 STH 实体（持有代币时间不超过 155 天的钱包）上次转移资产的平均价格。自 2022 年熊市结束以来，它一直是市场支撑的可靠指标。

"If BTC falls below the STHRP, I'll turn bearish," concluded Franzen.

“如果 BTC 跌破 STHRP，我会看跌，”Franzen 总结道。

It is crucial to note that this article does not constitute investment advice. All investment and trading decisions involve inherent risk, and individuals should conduct thorough research before making financial decisions.

需要注意的是，本文不构成投资建议。所有投资和交易决策都涉及固有风险，个人在做出财务决策之前应进行彻底的研究。