比特币，绳索助行器的市场：$ 10万美元和战略回报

随着美国的工作创造峰值达到143,000，远非预期的169,000，比特币表现出了舞蹈，尽管它在替代币上占主导地位。

US employment figures disappoint, but Bitcoin dances around $100k, hinting at a unique opportunity. While the media focuses on economic forecasts, another narrative unfolds: Bitcoin's challenge to traditional markets. Amidst the Fed's paused expectations and surprising legislative advances, BTC positions itself as a mischievous outsider, ready to infiltrate mainstream finance.

美国的就业人物令人失望，但比特币跳舞约1万美元，暗示了一个独特的机会。尽管媒体专注于经济预测，但另一个叙述正在展开：比特币对传统市场的挑战。在美联储暂停的期望和令人惊讶的立法进步之中，BTC将自己定位为顽皮的局外人，随时准备渗透主流财务。

Bitcoin’s tightrope dance: between $100k and a strategic return

比特币的绳索舞：$ 10万美元和战略回报

As US job creations peaked at 143,000 — far from the anticipated 169,000 — Bitcoin showcased a dance that was nothing short of theatrical, despite its dominance over altcoins.

随着美国的工作创造峰值达到143,000，远非预期的169,000人，尽管比特币占据了Altcoins的统治地位，但比特币展示了一场戏剧性的舞蹈。

On February 7, at the opening of Wall Street, the crypto had a close encounter with $100,000, a key psychological threshold, before dropping back to $96,000 within a few hours. A financial yo-yo that left observers scratching their heads: was this a sign of underperformance or a tactical maneuver?

2月7日，在华尔街开业时，加密货币与100,000美元（一个关键的心理门槛）进行了近距离接触，然后在几个小时内降至96,000美元。一个经济溜溜球，使观察者挠头：这是表现不佳还是战术动作的迹象？

To decipher this movement, we must delve into the depths of the employment report. These washed-out figures, far from being harmless, reveal an economy that’s vulnerable to the shockwaves of high rates.

要破译这一运动，我们必须深入研究就业报告的深处。这些被洗净的数字远非无害，揭示了一种容易受到高速冲击波的经济。

The Federal Reserve, caught between persistent inflation and an anemic growth, is forced to extend its monetary pause. As Zach Pandl of Grayscale puts it succinctly, “The market has already priced in a paralyzed Fed.”

联邦储备在持续的通货膨胀和贫血增长之间被迫延长其货币停顿。正如Grayscale的Zach Pandl简洁地说，“市场已经以瘫痪的美联储定价。”

Bitcoin, on the other hand, plays off this inertia. Deprived of rate hikes, investors fling themselves into the welcoming arms of the least conventional asset: BTC.

另一方面，比特币弹开了这种惯性。投资者被剥夺了加息，逃离了最不传统资产的热情：BTC。

But behind this yo-yo between $100k and $96k lies a strategy. The post-peak drop is not a failure but a tactical retreat. The odds of a rate cut in March have dwindled to 8.5%, indicating that players are betting on a status quo.

但是在这笔溜溜球$ 10万美元至9.6万美元之间的背后是一种策略。峰值下降不是失败，而是战术静修。 3月降低税率的几率已减少到8.5％，表明玩家正在押注现状。

Bitcoin, by absorbing these tensions, transforms into a barometer of the markets' steely nerves — or pent-up fears — a role it assumes with disconcerting panache.

通过吸收这些紧张局势，比特币转变为市场的钢丝计或压抑的恐惧，它在抑制烦恼时所承担的角色。

Legislated stablecoins

立法稳定

While employment falters, another front is activated: that of stablecoin regulation. On February 7, a bill surfaced in the US Congress, aiming to curb “endogenously collateralized stablecoins.” In other words, it bans tokens backed by self-issued crypto assets for two years. A measure that, far from stifling Bitcoin, could unexpectedly offer it a springboard.

在就业失败的同时，另一个前部被激活：Stablecoin调节的方案。 2月7日，一项法案在美国国会大会上浮出水面，旨在遏制“内源性抵押的稳定剂”。换句话说，它禁止以自我发行的加密资产为支持的令牌两年。这项措施远没有扼杀比特币，可以意外地为它提供跳板。

How? This legislative framework, however technical it may be, serves as a trust catalyst. By legitimizing stablecoins pegged to the dollar, it attracts institutional players — those hesitant giants who demand clear rules.

如何？该立法框架多么技术，它可能是信托催化剂。通过将稳定的稳定币合法化，它吸引了机构球员 - 那些要求明确规则的犹豫不决的巨人。

Bitcoin, often seen as a rival to stablecoins, paradoxically stands to gain. A regulated ecosystem defuses regulatory fears, paving the way for mass adoption. The queen cryptocurrency, like a Trojan horse, takes advantage of this normalization to infiltrate traditional wallets.

比特币通常被视为稳定的竞争对手，在矛盾的是要获得。受监管的生态系统削弱了监管恐惧，为大众采用铺平了道路。女王加密货币，就像一匹特洛伊木马一样，利用这种标准化来渗透传统钱包。

The bill also calls for a Treasury study on stablecoins, an approach that could, over time, ease their integration into mainstream finance. Bitcoin, pulling the strings from the shadows, capitalizes on this dynamic. For each regulated stablecoin is one more bridge to the adoption of digital assets. A brilliant, almost ironic, circumvention strategy.

该法案还呼吁对Stablecoins进行国库研究，这种方法可以随着时间的流逝而缓解其融入主流金融。比特币从阴影中拉出琴弦，利用了这种动态。对于每个受监管的稳定币，是通过数字资产采用的另一座桥梁。一种辉煌的，几乎具有讽刺意味的策略。

So, an imminent peak? The indicators flash green despite the alarm from miners, but Bitcoin prefers winding paths to straight lines.

那么，迫在眉睫的山峰？尽管矿工发出警报，但指标闪烁着绿色，但比特币更喜欢绕线路径而不是直线。

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Having been fascinated by bitcoin since 2017, Evariste has been on a continuous quest to learn everything there is to know about the subject. While his initial interest lay in trading, he now actively tries to grasp all the developments centered around cryptocurrencies. As a writer, he aspires to consistently deliver high-quality work that reflects the state of the broader industry.

自2017年以来一直对比特币着迷，Evariste一直在不断寻求了解有关该主题的所有知识。尽管他最初的兴趣是交易，但他现在积极地试图掌握以加密货币为中心的所有发展。作为作家，他渴望始终如一地提供反映更广泛行业状况的高质量工作。