马修·海兰德（Matthew Hyland）在关税引起的衰退后，对加密货币市场恢复持谨慎的看法

Cryptocurrency markets took a hit following the announcement of new tariffs on China, Canada, and Mexico by then-US President Donald Trump. This volatility affected both Bitcoin (BTC) and altcoins, with BTC dropping to $91,000 and altcoins, such as Ethereum (ETH), Dogecoin (DOGE), and XRP, experiencing even steeper declines. This market correction sparked concern among investors over the potential for recovery.

加密货币市场在当时的美国总统唐纳德·特朗普（Donald Trump）宣布对中国，加拿大和墨西哥宣布新的关税后，受到了打击。这种波动率影响了比特币（BTC）和AltCoins，BTC降至91,000美元，而Altcoins（例如以太坊（ETH），Dogecoin（Doge）和XRP）的下降甚至更高。这种市场更正引发了投资者对恢复潜力的关注。

Crypto analyst Matthew Hyland shared his perspective on the situation, suggesting a more measured outlook for altcoin recovery. In a post on X (formerly Twitter), Hyland proposed that a return to the December highs for altcoins might not occur until April or even later. He attributed this slower projected recovery, in part, to the announcement of Trump’s tariffs.

加密分析师马修·海兰德（Matthew Hyland）分享了他对这种情况的看法，这表明对替代币恢复的前景更为衡量。 Hyland在X（以前是Twitter）的帖子中提出，直到4月甚至更高版本，可能才能返回到12月的高点。他将这种较慢的预计恢复归因于特朗普的关税。

Drawing parallels to previous market downturns in 2020 and 2022, Hyland highlighted that rapid, V-shaped recoveries are uncommon. He urged investors to temper their expectations, considering that the recovery process could be gradual, potentially spanning over months. Hyland cautioned against expecting a quick market turnaround, as such optimism could lead to further sell-offs, ultimately worsening and prolonging the recovery period.

海兰德（Hyland）在2020年和2022年与以前的市场低迷相似，强调了快速的V形回收率并不常见。考虑到恢复过程可能会逐渐跨越几个月，他敦促投资者缓和他们的期望。 Hyland cautioned against expecting a quick market turnaround, as such optimism could lead to further sell-offs, ultimately worsening and prolonging the recovery period.

Hyland's analysis placed the recent market downturn within a broader historical context. He highlighted significant events, such as the largest liquidation event in cryptocurrency history on February 3, 2025, which could indicate a potential bottom. However, he noted that, based on market downturns in 2020 and 2022, full recoveries spanned over two months. This historical perspective informed his cautious outlook, emphasizing the need for patience and realistic expectations. He highlighted that achieving the previous December highs for altcoins would likely take a considerable amount of time, urging investors to prepare for a prolonged recovery period.

Hyland的分析使最近的市场衰退处于更广泛的历史背景下。他强调了重大事件，例如2025年2月3日的加密货币历史上最大的清算事件，这可能表明潜在的底部。但是，他指出，基于2020年和2022年的市场低迷，全面恢复了两个月。这种历史的观点使他的谨慎观点介绍了他对耐心和现实期望的必要性。他强调，达到替代币的前12月高点可能需要大量时间，敦促投资者为延长的恢复期做准备。

The analyst further elaborated on the reasons for his cautious projection. He explained that the psychological impact of unrealistically high expectations could lead to early sell-offs by investors who become anxious when the market fails to rebound quickly. This selling pressure could create a negative feedback loop, further delaying the recovery. He compared the current situation to previous market crashes triggered by events like the COVID-19 pandemic, the collapse of the Terra Luna stablecoin, and the bankruptcy of the FTX exchange, each of which resulted in recoveries that spanned over months.

分析师进一步阐述了他谨慎投射的原因。他解释说，不切实际的高期望的心理影响可能会导致在市场未能迅速反弹时变得焦虑的投资者的早期抛售。这种销售压力可能会产生负面反馈循环，从而进一步延迟恢复。他将目前的情况与以前的市场崩溃进行了比较，这是由Covid-19大流行，Terra Luna Stablecoin的崩溃以及FTX交易所破产造成的事件引起的，每种情况都导致了几个月来跨越的回收率。

Hyland reinforced his argument by highlighting the psychological factors at play. Anticipating a swift recovery can lead to disappointment and panic selling when the market fails to meet these expectations, creating a cycle that prolongs the recovery period. He acknowledged that, while markets are unpredictable and rapid recoveries are possible, they are statistically less likely. He stressed the importance of managing expectations, advising against assuming a rapid V-shaped recovery, like the limited recovery seen in 2020, which still occurred over weeks with multiple dips.

海兰德通过强调了发挥作用的心理因素来加强他的论点。当市场无法满足这些期望时，预计快速恢复会导致失望和恐慌销售，从而创造一个延长恢复期的周期。他承认，尽管市场是不可预测的，并且可以快速回收，但它们的可能性较小。他强调了管理期望的重要性，建议不要假设快速的V形恢复，例如2020年看到的有限恢复，这在数周的时间内仍有多次下降。

In conclusion, Hyland's analysis offered a cautious perspective on the cryptocurrency market's recovery prospects following the tariff-induced downturn. He highlighted the need for patience and realistic expectations, drawing on historical data and psychological factors to support his argument. He cautioned against anticipating a rapid rebound and suggested that a full recovery, particularly for altcoins, could take months, mirroring the timelines observed in previous market corrections. His central message was one of tempered optimism, acknowledging the potential for recovery while emphasizing the importance of managing expectations and avoiding impulsive reactions driven by short-term market fluctuations. He reminded investors that markets are inherently unpredictable, but historical trends suggest that significant downturns require time to fully recover.

In conclusion, Hyland's analysis offered a cautious perspective on the cryptocurrency market's recovery prospects following the tariff-induced downturn.他强调了对耐心和现实期望的必要性，借鉴了历史数据和心理因素来支持他的论点。 He cautioned against anticipating a rapid rebound and suggested that a full recovery, particularly for altcoins, could take months, mirroring the timelines observed in previous market corrections. His central message was one of tempered optimism, acknowledging the potential for recovery while emphasizing the importance of managing expectations and avoiding impulsive reactions driven by short-term market fluctuations. He reminded investors that markets are inherently unpredictable, but historical trends suggest that significant downturns require time to fully recover.