比特币下跌后，Meme 币崩盘，但它们有可能反弹

由于加密货币前景恶化，许多散户继续恐慌抛售，大多数模因币本周暴跌。

The prices of most meme coins have crashed this week as many retail traders continue to sell in panic due to the worsening outlook in the crypto market.

由于加密货币市场前景恶化，许多散户继续恐慌抛售，大多数模因币的价格本周暴跌。

According to data from CoinGecko on Dec. 13, the market cap of all meme coins plunged by 12% to $113 billion.

根据 CoinGecko 12 月 13 日的数据，所有 meme 币的市值暴跌 12% 至 1130 亿美元。

As most meme coins plunged, the sell-off was more pronounced among smaller tokens. For instance, Brett (BRETT), the biggest meme coin in the Base Blockchain, fell by 11.2% on Thursday and by 23% in the last seven days.

随着大多数模因代币暴跌，较小代币的抛售更为明显。例如，基础区块链中最大的模因币 Brett (BRETT) 周四下跌了 11.2%，在过去 7 天里下跌了 23%。

Moreover, Peanut the Squirrel (PNUT), a Solana meme coin that went viral recently, has plunged by 40% in the last seven days. In another development, Popcat (POPCAT), Turbo, and Mog Coin were among the worst-performing cryptocurrencies.

此外，最近火爆的 Solana 模因币 Peanut the Squirrel (PNUT) 在过去 7 天内暴跌了 40%。在另一项进展中，Popcat (POPCAT)、Turbo 和 Mog Coin 是表现最差的加密货币之一。

On the other hand, the market cap of all Solana meme coins dropped by 15% to $15.5 billion.

另一方面，所有 Solana meme 代币的市值下降了 15% 至 155 亿美元。

The crash in meme coins comes in response to the ongoing performance of Bitcoin (BTC). As we reported earlier this week, Bitcoin plunged below $100,000 after briefly soaring to a record high of $108,200.

模因币的暴跌是对比特币（BTC）持续表现的回应。正如我们本周早些时候报道的那样，比特币在短暂飙升至 108,200 美元的历史高点后，暴跌至 100,000 美元以下。

Bitcoin has dropped due to profit-taking and jitters over the hawkish Federal Reserve, which, in its last meeting of the year, warned that it will deliver just two cuts in 2024 amid concerns about inflation.

由于获利了结和对鹰派美联储的不安，比特币价格下跌。美联储在今年最后一次会议上警告称，出于对通胀的担忧，2024 年将仅实施两次降息。

Meme coins crashed after Bitcoin fell

比特币下跌后，Meme 币崩溃了

Meme coins always drop when Bitcoin slips. However, their retreat is usually more severe because most of them are held by retail investors riding the bullish wave.

当比特币下跌时，Meme 币总是会下跌。然而，它们的回撤通常更为严重，因为它们大多数是乘着牛市浪潮的散户持有的。

This is unlike Bitcoin, which has huge institutional investors such as MicroStrategy, Marathon Digital, and Tesla, among others. Bitcoin ETFs also have over $115 billion in assets. Historically, institutional investors have a longer investment horizon than retail traders.

这与比特币不同，比特币拥有 MicroStrategy、Marathon Digital 和 Tesla 等庞大的机构投资者。比特币 ETF 的资产也超过 1150 亿美元。从历史上看，机构投资者的投资期限比散户交易者更长。

A good example of this selling is in on-chain metrics. According to Nansen, the number of smart money investors in Peanut the Squirrel has dropped to just 35 from last month’s high of almost 100.

这种销售的一个很好的例子是链上指标。 Nansen 表示，Peanut the Squirrel 的精明投资者数量已从上个月接近 100 人的高点降至 35 人。

The same trend is also happening in Brett, where the number of smart money holders and their balances have dropped in the past few weeks.

同样的趋势也发生在布雷特，过去几周，聪明货币持有者的数量及其余额有所下降。

At the moment, Brett has about 40 smart money holders, while their balances have fallen to their lowest level in months.

目前，Brett 拥有约 40 位精明资金持有者，而他们的余额已降至数月来的最低水平。

Will meme coins rebound?

米姆币会反弹吗？

There is a likelihood that Bitcoins and these meme coins will bounce back for three reasons.

比特币和这些模因硬币可能会因三个原因而反弹。

First, Bitcoin is still in an uptrend, with this retreat being a breather. Technicals suggest that the Bitcoin price will peak at around $122,000 in this bullish cycle.

首先，比特币仍处于上升趋势，这次回落只是一个喘息的机会。技术面显示，在此牛市周期中，比特币价格将达到 122,000 美元左右的峰值。

It is not uncommon for Bitcoin to retreat after hitting a key resistance. For example, it went through a prolonged consolidation when it rose to an all-time high in March.

比特币在触及关键阻力位后回调的情况并不罕见。例如，当它在三月份升至历史新高时，它经历了长时间的盘整。

Second, historically Bitcoin – and altcoins – do well during the first quarter of the year. Data by CoinGlass shows that the average Bitcoin return in the Q1 is 56%.

其次，从历史上看，比特币和山寨币在今年第一季度表现良好。 CoinGlass的数据显示，第一季度比特币平均回报率为56%。

This makes it the second-best quarter after the fourth quarter, meaning that there are odds that they will bounce back in Q1.

这使其成为继第四季度之后第二好的季度，这意味着他们有可能在第一季度反弹。

Third, financial assets often overreact when there is a major event and then moderate as traders adjust to the new normal.

第三，金融资产在发生重大事件时往往反应过度，然后随着交易者适应新常态而温和化。

A good example of this was in March 2020, when stocks and crypto plunged after COVID was declared an emergency. They then bounced back and reached an all-time high.

2020 年 3 月就是一个很好的例子，在新冠疫情宣布进入紧急状态后，股票和加密货币暴跌。然后它们反弹并达到历史新高。