每周的机构见解：比特币（BTC）在过去的一个周末看到略有生活

我们每周的机构见解探讨了最新的市场发展 - 市场绩效，行业新闻，趋势主题，即将到来的活动和代币解锁

March 17, 2025: Our weekly Institutional Insights are here to keep you updated on the latest market developments. From market performance and industry news to exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks, we aim to help you supercharge your crypto trading.

2025年3月17日：我们每周的机构见解都可以使您了解最新的市场发展。从市场绩效和行业新闻到交易所交易基金（ETF）流，趋势主题，即将到来的活动和代币解锁，我们旨在帮助您增强加密货币交易。

Enjoy our weekly take on the market!

享受我们每周在市场上！

Weekly highlight — consumer sentiment falls

每周亮点 - 消费者情绪瀑布

Source: Bloomberg

资料来源：彭博

US consumer sentiment has fallen to its lowest level in over two years as the impact of tariffs on household finances continues to weigh. The preliminary reading of the University of Michigan’s consumer sentiment index for March 2025 dropped to 57.9 from February’s 64.7, the lowest since November 2022, and worse than a Bloomberg survey of economists.

随着关税对家庭财政的影响持续不断，美国消费者情绪在两年以来一直降至最低水平。密歇根大学的消费者情感指数的初步阅读从2月的64.7（自2022年11月以来最低）下降到57.9，比彭博对经济学家的调查差。

The index is now at its weakest point since October 2022.

自2022年10月以来，该指数目前处于其最弱点。

The survey also showed a record low in consumers’ assessment of their own financial standing over the past year, with only 48.7% anticipating gains in the stock market over the coming 12 months.

该调查还显示，过去一年中，消费者对自己的财务状况的评估较低，只有48.7％的人预计在未来12个月内股市的增长。

"Consumers are reporting an unusually high level of uncertainty, especially about the stability of the economic outlook, which bodes ill for consumers’ ability to plan for the future," said Joanne Hsu, Director of the Surveys of Consumers at the University of Michigan.

密歇根大学消费者调查局长乔安妮（Joanne Hsu）表示：“消费者报告的不确定性非常高，尤其是关于经济前景的稳定，这使消费者对未来计划计划的能力不利。”

Some analysts cautioned that the decline in consumer confidence could significantly impact spending. As concerns over an economic downturn escalate, consumers may delay or cancel purchases of major items.

一些分析师警告说，消费者信心的下降可能会严重影响支出。随着对经济低迷的担忧升级，消费者可能会延迟或取消主要项目的购买。

The current conditions gauge and the expectations index both fell to their lowest levels in several months, highlighting a broad-ranging apprehension among consumers.

当前条件量规和预期指数在几个月内都下降到其最低水平，强调了消费者的广泛忧虑。

Weekly crypto highlight — Bitcoin see slight life in the past weekend

每周加密透支 - 比特币在过去的周末看到淡淡的生活

Bitcoin rebounded from a four-month low earlier this week as other risky assets recovered from recent market turmoil. Economic uncertainties, driven by a wave of tariffs from President Donald Trump and the threat of a government shutdown, sparked significant sell-offs across various asset classes, including cryptocurrencies.

随着其他风险资产从最近的市场动荡中回收，比特币从本周早些时候的四个月低点反弹。经济不确定性是由唐纳德·特朗普总统的一系列关税和政府关闭的威胁驱动的，引发了包括加密货币在内的各种资产类别的大量抛售。

“As we conclude a week of widespread selling, markets are now experiencing a relief rally from oversold conditions and⁷ e e out of pessimism,” said Ravi Doshi, Co-Head of Markets at FalconX. Ultimately, the deferral of a US government funding lapse has alleviated a source of macroeconomic uncertainty.”

Falconx市场共同负责人Ravi Doshi说：“正如我们总结一周的广泛销售，市场现在正在从过度售出的条件和悲观主义中脱颖而出。”最终，美国政府资金失误的延期减轻了宏观经济不确定性的来源。”

BTC price. Source: Bybit

BTC价格。资料来源：bybit

On Friday, Bitcoin rose by as much as 6.2%, reaching $85,301, while smaller digital assets surged even more: Solana gained over 9%, Chainlink increased by 13% and XRP rose nearly 8%. Earlier in the week, Bitcoin dropped to around $77,000, a significant decline from its all-time high of $109,000 in January 2025.

周五，比特币上涨了6.2％，达到85,301美元，而较小的数字资产也增加了更多：Solana上涨了9％以上，Chainlink增长了13％，XRP增长了近8％。在本周早些时候，比特币降至77,000美元左右，其历史最高点的高度下降了2025年1月的109,000美元。

This slump triggered record outflows from Bitcoin exchange-traded funds and large liquidations in crypto derivatives markets. Crypto markets are quickly recovering as these macro-driven liquidations appear to be pausing. According to Ben Casella, an analyst at Defiance Scale Vector ETF, further stability in the macroeconomic sphere may provide additional support for crypto prices.

这种低迷触发了来自比特币交易所交易基金和加密衍生品市场中大量清算的记录流出。加密市场正在迅速恢复，因为这些宏观驱动的清算似乎正在暂停。根据反抗量表向量ETF的分析师本·卡塞拉（Ben Casella）的说法，宏观经济领域的进一步稳定性可能为加密价格提供额外的支持。

Want to know what is next? Read more here.

想知道下一步是什么吗？在这里阅读更多。

Other top-performing tokens

其他表现最好的令牌

Token

令牌

Catalyst

催化剂

Sonic (S)

声音

The S token is up 7.9% after 0xGasless launched AgentKit on Sonic, enabling AI-powered gasless on-chain automation. Read more here.

在0xgasless启动Sonic的Agentkit之后，S令牌上涨了7.9％，使AI驱动的无气链自动化。在这里阅读更多。

Celestia (TIA)

Celestia（TIA）

With Celestia integration, TIA is up 12.1% following Citrea’s launch of Bitcoin AppChains. Read more here.

随着Celestia的整合，TIA在Citrea推出比特币Appchains后增长了12.1％。在这里阅读更多。

Story (IP)

故事（IP）

The IP token is up 8.0% following the Story protocol’s IP Portal Public Preview launch. Read more here.

在故事协议的IP Portal Public Preview发布之后，IP令牌上涨了8.0％。在这里阅读更多。