历史会重演吗？比特币（BTC）的悬而未决的价格低于其关键水平的$ 80K

比特币达到了$ 109K的光荣高点之后，其悬而未决的价格低于其关键水平80,000美元。

Bitcoin is hanging at $80K, crucial levels at $70K, faces crucial point ,

比特币的价格为$ 80K，至关重要的价格为7万美元，面对关键点，

Also, there is no doubt that the current crypto market is at a critical turning point, and with the Government’s plan to use the existing bitcoin the market is back to square one. Experts at 10x Research believe history is repeating itself.

同样，毫无疑问，当前的加密市场正处于关键的转折点，并且随着政府使用现有的比特币的计划，市场又回到了广场。 10倍研究的专家认为，历史正在重演。

The Same Story, Different Year

同一个故事，不同的一年

Every crypto bull begins with big promises and catchy slogans, trying to convince people that prices will never stop rising. But when the hype dies down, reality sets in. For example, 10x Research highlights how Ripple (XRP) became the second-largest cryptocurrency in 2017, but in 2021, it couldn’t reclaim its position. Similarly, Ethereum was the star of the last bull run with DeFi and NFTs, but now, in 2025, meme coins and Solana are leading the hype.

每个加密公牛都以巨大的承诺和引人入胜的口号开始，试图说服人们价格将永远不会停止上涨。但是，当炒作消失时，现实就开始了。例如，10倍研究强调了Ripple（XRP）如何成为2017年第二大加密货币，但在2021年，它无法恢复其位置。同样，以太坊是最后一位带有defi和nfts的公牛奔跑的明星，但是现在，在2025年，Meme Coins和Solana正在领导炒作。

Of course, the majority of coins haven’t managed to impress this year. For instance, Solana is down 59% from its peak and is currently battling the $120-$130 support range. A break below could signal a further downside. Recently, Trump’s Solana-based meme coin, TRUMP, also plunged to $10.50, dropping over 85% from its January peak of $73.43. The decline coincides with broader market selloffs, affecting Bitcoin, Ethereum, and traditional indices.

当然，大多数硬币今年还没有给人留下深刻的印象。例如，索拉纳（Solana）的峰值下降了59％，目前正在与$ 120- $ 130的支持范围作斗争。下面的休息可能会进一步表明缺点。最近，特朗普总部位于索拉纳的模因硬币特朗普（Trump）也跌至10.50美元，从1月份的峰值73.43美元下降了85％以上。下降与更广泛的市场抛售相吻合，影响比特币，以太坊和传统指数。

Institutions Win, Retail Investors Struggle

机构获胜，散户投资者挣扎

Another pattern is how big institutions manage to take advantage of the market while smaller investors struggle to keep up. In past cycles, institutions profited by trading the interest rate differences between DeFi and traditional finance. This time, they’re making money from the gap between the Bitcoin spot and futures markets.

另一种模式是，大型机构如何利用市场，而小型投资者则难以跟上市场。在过去的周期中，机构通过交易Defi和传统金融之间的利率差异而获利。这次，他们从比特币现场和期货市场之间的差距中赚钱。

However, everyday traders are finding it difficult to compete and are now realising how the game is played. They're struggling to make money, leading some to withdraw from the market completely.

但是，日常交易者发现很难竞争，现在正在意识到游戏的玩法。他们正在努力赚钱，导致一些人完全退出市场。

Will History Repeat?

历史会重复吗？

This cycle differs from 2018 mainly due to the rise of Bitcoin ETFs, which have attracted massive institutional inflows, helping to mitigate economic pressures.

该周期与2018年的不同之处主要是由于比特币ETF的增加，这些比特币ETF吸引了大量的机构流入，有助于减轻经济压力。

While Trump’s new tariffs have shaken markets and strengthened the U.S. dollar, Bitcoin has shown resilience by holding key support levels. Exchange balances are at a six-year low, signaling strong accumulation, and large withdrawals suggest growing investor confidence.

尽管特朗普的新关税却震惊了市场并加强了美元，但比特币通过保持关键支持水平表现出韧性。交换余额处于六年的低点，信号积累了强劲的积累，大量提款表明投资者的信心不断增长。

suggesting that his administration in the past had a negative impact on crypto.

暗示他过去的政府对加密货币有负面影响。

On the other hand, Rekt Capital points out that Bitcoin corrections are a natural part of every bull cycle. In this run alone, BTC has seen multiple pullbacks, with the latest reaching -28 %, reinforcing the idea that dips are expected in strong uptrends.

另一方面，Rekt Capital指出，比特币校正是每个公牛周期的自然部分。仅在这次奔跑中，BTC就会看到多个回调，最新的达到-28％，这加强了预期在强劲上升趋势中降低的想法。

What Next?

接下来是什么？

According to a crypto analyst, Bitcoin's returns are shrinking each cycle, and on-chain data reveals a clear pattern. Long-term holder MVRV peaks have dropped consistently, and Bitcoin's cycle gains have also declined—from 80x in 2017 to 20x in 2021 and now just 6.6x in 2025. While it's not yet clear if this cycle has peaked, the data suggests that a top may be in sight.

根据一位加密分析师的说法，比特币的回报正在收缩每个周期，并且链数据揭示了一个清晰的模式。长期持有人MVRV峰值始终下降，比特币的周期增长率也下降了 - 从2017年的80倍到2021年的20倍，现在在2025年的6.6倍。虽然尚不清楚这个周期是否达到峰值，但数据表明，顶部可能会看到顶部。

The post History Repeats Itself As Trump's New Tariffs Weigh On Bitcoin At Crucial Support

当特朗普的新关税对比特币保持关键支持时，历史上的历史重复了