比特币（BTC）努力保持地面，因为下行压力持续存在，风险将更深的回调降至86,000美元

对比特币的需求在2024年底在对特朗普选举胜利的缓解监管逆风的乐观态度中，现在正在撤退。

Bitcoin (BTC) price quickly recovered from Tuesday’s dip to $93,000, but downside pressure is still evident, risking a deeper pullback to $86,000, CryptoQuant analysts noted in the latest report. Waning demand, faltering blockchain activity and lack of liquidity inflows to crypto are among the factors that could drag BTC lower.

比特币（BTC）的价格很快从周二的下跌到93,000美元，但下行压力仍然很明显，有可能更深入地回落至86,000美元。需求减弱，步履蹒跚的区块链活动以及缺乏加密流动性流动性流动性可能会使BTC降低。

Demand for Bitcoin, which picked up in late 2024 amid optimism over easing regulatory headwinds on Trump's election win, is now retreating. CryptoQuant data shows that demand growth slumped to 70,000 BTC recently from the 279,000 BTC peak on December 4. Inflows to spot BTC exchange-traded funds (ETF), a typical occurrence during Bitcoin’s previous rallies, have disappeared, booking regular net outflows over the past two weeks after previously seeing as much as 18,000 BTC in daily purchases in November and December.

对比特币的需求在2024年底在对特朗普选举胜利的缓解监管逆风的乐观态度中，现在正在撤退。加密数据显示，最近从12月4日的279,000 BTC峰值开始，需求增长跌至70,000 BTC。在11月和12月的每日购买中，先前看到多达18,000 BTC的两周后。

Moreover, CryptoQuant’s Inter-exchange Flow Pulse, which tracks BTC movement between exchanges, also signals weakness with BTC transfers to Coinbase — a gauge of U.S. spot demand — declining below its 90-day moving average.

此外，CryptoQuant的交换流脉冲跟踪交换之间的BTC运动，也标志着BTC转移到Coinbase的虚弱，这是美国现货需求的量表 - 低于其90天移动平均线。

Stablecoin growth, a key fuel during crypto market rallies, also lost momentum. While the total stablecoin market cap recently rose to a new all-time high crossing $200 billion, the pace of the expansion has slowed significantly. The 60-day average change in USDT’s market capitalization, the largest stablecoin, plunged by over 90% since mid-December, dropping to $1.5 billion from over $20 billion. With stablecoins often used to buy crypto assets on exchanges, the slowdown indicates a lack of fresh capital entering the market.

加密市场集会期间的主要燃料Stablecoin增长也失去了动力。尽管Stablecoin的总上限最近上升到了新历史上的新高2000亿美元，但扩张的步伐显着放缓。自12月中旬以来，最大的Stablecoin的60天平均市值变化跌至90％以上，从超过200亿美元下降到15亿美元。由于经常在交易所购买加密货币资产的稳定币，放缓表明缺乏新的资本进入市场。

Muted blockchain activity on the Bitcoin network flashes further warning signs, CryptoQuant analysts added. Bitcoin’s network activity has slumped to its lowest level in a year, per CryptoQuant’s Bitcoin Network Activity Index. The metric is down 17% from its November 2024 peak and fell below its 365-day moving average for the first time since July 2021, when China banned BTC mining. Fewer transactions indicate declining investor engagement and waning speculative interest.

加密分析师补充说，比特币网络上的柔和区块链活动会闪烁进一步的警告标志。根据CryptoQuant的比特币网络活动指数，比特币的网络活动已在一年中跌至一年中的最低水平。该指标比2024年11月的峰值下降了17％，自2021年7月中国禁止BTC开采以来，该指标首次低于其365天移动平均线。较少的交易表明投资者的参与度下降和投机性兴趣减弱。

BTC may bottom soon

BTC可能很快就会触底

After hitting a new record of $109,000 in January fueled by optimism around Donald Trump becoming president, BTC has struggled to hold its ground and has been languishing in a narrow range above $90,000. Meanwhile, sentiment in the broader crypto market has been battered by highly controversial memecoin launches in the past weeks, with the likes of TRUMP memecoin and LIBRA burning speculative capital.

在唐纳德·特朗普（Donald Trump）成为总统的乐观情绪中，在一月份取得了109,000美元的新记录后，BTC一直在努力保持自己的地面，并在狭窄的范围内陷入了90,000美元以上的范围。同时，在过去几周中，较广泛的加密货币市场的情绪受到了极大争议的纪念品的袭击，特朗普纪念物和天秤座燃烧的投机资本等人都受到了损害。

The sentiment reset is almost complete as Bitcoin entered the final stretch of its weekly cycle, well-followed trader Bob Loukas noted. BTC could find a bottom of the corrective phase in the near-future, but it could break below the $90,000 range-low in doing so, he added.

备受关注的交易员鲍勃·卢卡斯（Bob Loukas）指出，比特币进入其每周周期的最后一段时间，情绪重置几乎是完整的。他补充说，BTC可能会在近距离发现纠正阶段的底部，但在这样做的90,000美元范围内可能会破裂。

"More a question of if the bottom of the range (90k) can hold or not," Loukas said in an X post. "Doesn't matter, sentiment resetting occurs either way."

Loukas在X帖子中说：“更多的问题是（90k）是否可以容纳范围的底部。” “没关系，无论哪种方式，都会发生情感重置。”