Crypto於2025年9月26日下降：這是怎麼回事？

加密貨幣市場於2025年9月26日下降。該博客文章介紹了經濟低迷的原因，分析了市場趨勢，投資者情緒和潛在的恢復點。

Alright, crypto fam, let's talk about what happened on September 26, 2025. The market took a bit of a tumble, and everyone's wondering why. Let's break it down, New Yorker style, and see if we can't figure out what's what.

好吧，加密貨幣fam，讓我們談談2025年9月26日發生的事情。市場有點滾滾，每個人都想知道為什麼。讓我們將其分解，紐約客的風格，看看是否不知道是什麼。

The Big Picture: Red Across the Board

大局：檯面紅色

The global crypto market cap dropped by 2.2%, settling at $3.83 trillion. Trading volume was up, hitting $237.1 billion, but that wasn't enough to stop the downward pressure on major digital assets. Investor sentiment? Not great, Bob.

全球加密貨幣市值下降了2.2％，定居於3.83萬億美元。交易量增加了，達到2371億美元，但這還不足以阻止對主要數字資產的下降壓力。投資者的情緒？不好，鮑勃。

• Bitcoin (BTC) fell 2.1% to around $109,252 (ouch!)
• Ethereum (ETH) dropped 3.3% to $3,895 (double ouch!)
• Solana (SOL) took a bigger hit, down 4.6% to $193.51

Basically, if you were holding, you were probably feeling it. But hey, that's crypto, right?

基本上，如果您拿著，您可能會感覺到它。但是，嘿，是加密貨幣，對嗎？

Why the Downturn? Blame Game Time

為什麼要低迷？怪遊戲時間

So, what's behind all this red? A few things:

那麼，所有這些紅色背後是什麼？幾件事：

• Investor Exhaustion: After the Fed's rate cut, people started cashing out. Glassnode reported long-term holders realizing profits, and ETF inflows slowed. Basically, folks were tired.
• Fear and Greed: The Crypto Fear & Greed Index dipped to 28, the lowest since April. When people get scared, they sell. Simple as that.
• ETF Outflows: Both Bitcoin and Ethereum spot ETFs saw significant outflows. Investors were pulling their money out of the funds.
• Macro Uncertainty: The Federal Reserve hinted that significant rate cuts were unlikely in the short term, making risk assets like crypto less appealing. Rising U.S. Treasury yields didn't help either.

Bitcoin's Woes: A Deeper Dive

比特幣的困境：更深的潛水

Bitcoin showed signs of a potential correction. Long-term holders were realizing profits at levels usually seen near market cycle peaks. Markus Thielen from 10x Research warned that investors positioned for a Q4 rally might be caught off guard.

比特幣顯示出潛在校正的跡象。長期持有人正在認識到通常在市場週期峰值峰值的水平上獲得利潤。 10倍研究的馬庫斯·泰倫（Markus Thielen）警告說，措手不及的投資者可能會措手不及。

Key levels to watch? $108,700 was a critical support. If BTC broke below that, the next stop was $107,000, then $105,000. On the upside, bulls needed to reclaim $111,000–$113,000 to avoid further liquidations.

觀看的關鍵水平？ $ 108,700是一個重要的支持。如果BTC低於此，則下一站為107,000美元，然後是105,000美元。從好的方面來說，公牛需要收回$ 111,000- $ 113,000，以避免進一步的清算。

Ethereum's Struggle: Holding On

以太坊的鬥爭：堅持

Ethereum was hovering just below the $4,000 psychological level. If it failed to hold above $3,850, support lay at $3,750 and $3,600. A short-term recovery faced resistance at $4,000, with further hurdles at $4,200 and $4,400.

以太坊徘徊在4,000美元的心理水平以下。如果它未能持有3,850美元以上，則支持為3,750美元和3,600美元。短期恢復面臨4,000美元的阻力，進一步的障礙為4,200美元和4,400美元。

Silver Linings? Maybe.

銀襯？或許。

It wasn't all doom and gloom. Some smaller tokens like SQD, Concordium, and Wrapped XPL saw significant gains. And while Bitcoin and Ethereum were struggling, there's always the potential for a Q4 rally.

這不是厄運和憂鬱。一些較小的令牌，例如SQD，Concordium和包裝XPL，看到了很大的收益。雖然比特幣和以太坊都在掙扎，但總有Q4集會的潛力。

Also, XRP had some positive news. Despite the price drop, Ripple launched a stablecoin, deployed an Ethereum-compatible sidechain, and the SEC approved the first XRP ETF in the U.S.

另外，XRP有一些積極的消息。儘管價格下跌，但Ripple推出了一個穩定的，部署了以太坊兼容的Sidechain，SEC批准了美國的第一個XRP ETF

What to Watch For

要注意什麼

• Legislative Clarity: The CLARITY Act could provide a legal framework for crypto financial services.
• Stablecoins and Tokenization: Stablecoins may become foundational infrastructure, and tokenization of real-world assets continues to gain traction.
• Bitcoin's Performance: XRP's performance will depend on Bitcoin. If Bitcoin stabilizes, XRP could regain ground.

Final Thoughts: Keep Your Chin Up

最終想法：保持下巴

September 26, 2025, wasn't a great day for crypto. But hey, it's a volatile market. There were a few bright spots and things to keep an eye on. So, keep your chin up, do your research, and remember, what goes down must come up... eventually. Right?

2025年9月26日，對於加密貨幣來說並不是美好的一天。但是，嘿，這是一個動蕩的市場。有一些亮點，要關注的東西。因此，請保持下巴，進行研究，並記住，最終必須出現。正確的？