在特朗普签署了建立战略比特币保护区（SBR）的行政命令后，许多人惊讶地看到比特币的价格下跌而不是飞涨。

为了解决这个问题，JAN3首席执行官Samson Mow在X上发布了一篇文章，解释了市场反应以及为什么价格下跌，尽管这是比特币的历史时刻。

After former President Trump signed the Executive Order establishing the Strategic Bitcoin Reserve (SBR), many anticipated a swift and significant surge in Bitcoin’s price. However, as reported by BTC Inc., the cryptocurrency experienced a decline instead.

在特朗普前总统签署了建立战略比特币储备（SBR）的行政命令之后，许多人预计比特币的价格会迅速而大幅上涨。但是，正如BTC Inc.报道的那样，加密货币经历了下降。

Samson Mow, CEO of JAN3, took to X to explain the market reaction and why the price fell despite this being a historic moment for Bitcoin.

JAN3首席执行官Samson Mow上X解释了市场反应，以及为什么价格下跌，尽管这是比特币的历史时刻。

"As many expected, the Executive Order establishing the Strategic Bitcoin Reserve (SBR) did not lead to an immediate and dramatic increase in BTC's price. In fact, we saw a slight decrease in the short term," Mow explained.

Mow解释说：“正如许多人所期望的那样，建立战略比特币储备（SBR）的行政命令并没有导致BTC的价格立即急剧上涨。实际上，我们在短期内看到了略有下降。”

He further noted that while some viewed this as surprising, it can be explained in both simple and complex terms.

他进一步指出，尽管有些人认为这是令人惊讶的，但可以用简单而复杂的术语来解释。

"At its simplest, price decreases happen when more people are willing to sell at lower prices. In the short term, this selling pressure can be driven by several factors including:

“从最简单的角度来看，当更多的人愿意以较低的价格出售时，价格下降就会发生。在短期内，这种销售压力可以由几个因素驱动：包括：

* Short-term traders taking profits.

*短期交易者获利。

* Liquidations on derivatives exchanges.

*关于衍生物交换的清算。

* Tether issuance (which is used to buy BTC).

* Tether发行（用于购买BTC）。

* Macroeconomic events (e.g., interest rate decisions). "

*宏观经济事件（例如，利率决策）。 “

However, he highlighted the importance of considering the broader narrative.

但是，他强调了考虑更广泛的叙述的重要性。

"In the U.S., we have seen a bipartisan effort over the past 18 months to introduce bills for a U.S. Bitcoin standard at the initiative of Congressman Tim Draper and others," Mow explained.

Mow解释说：“在美国，在过去的18个月中，我们已经看到了两党的努力，为国会议员蒂姆·德雷珀（Tim Draper）等人的倡议介绍了美国比特币标准的法案。”

"We also saw the support of the Republican candidates running for president in the last election. Even though Trump lost the popular vote to Biden, he won the Republican primary with over 70% of the vote and nearly all candidates supported a Bitcoin standard."

“我们还看到了上次选举中共和党候选人的支持。尽管特朗普输给了拜登，但他以超过70％的选票赢得了共和党初选，几乎所有候选人都支持比特币标准。”

He went on to add that while Biden's administration has largely ignored Bitcoin, Trump's Executive Order is a significant development.

他接着补充说，尽管拜登的政府在很大程度上忽略了比特币，但特朗普的行政命令是一个重大发展。

"It is no small feat to get an administration to focus on anything for more than a week. Yet, Trump has persevered with the construction of 'Fort Nakamoto' despite attempts by the establishment to derail it."

“让政府专注于一周以上的任何事情并不是一件小事。然而，尽管该机构试图脱轨，但特朗普坚持不懈地建设'nakamoto'。”

According to Mow, this persistence will pay off as the U.S. begins accumulating more Bitcoin and other nations follow suit.

根据MOW的说法，这种持久性将获得回报，因为美国开始累积更多的比特币，而其他国家也效仿。

"We could then see a global race to acquire BTC similar to what happened with ETFs."

“然后，我们可以看到一场与ETF相似的BTC的全球竞赛。”

Concluding his post, Mow stated that those who understand the story should plan accordingly.

在他的帖子结束时，莫夫说，那些理解故事的人应该相应地计划。