特朗普威胁欧盟关税后，比特币下降了4.5％

在过去的24小时内，比特币跌至4.5％，因为特朗普威胁要以关税达成欧盟，跌至108,000美元。

Bitcoin price dropped 4.5% over the last 24 hours as it fell to $108,000 following reports that Trump threatened to hit the EU with tariffs. The sharp sell-off wiped out around $638 million in leveraged positions, as per data from Coinglass.

在过去的24小时内，比特币的价格下跌了4.5％，因为特朗普威胁要以关税达成欧盟，跌至108,000美元。根据Coinglass的数据，急剧的抛售在杠杆位置上消失了约6.38亿美元。

As reported by The Kobeissi Letter, Trump said that he is not going to make a deal with the EU but hinted that he might delay the tariffs if the EU builds factories in the U.S.. He recommended a 50% tariff on EU goods starting June 1, 2025, unless the products are made in the U.S..

正如Kobeissi信所报道的那样，特朗普说，他不会与欧盟达成协议，但暗示，如果欧盟在美国建立工厂，他可能会延迟关税。他建议从2025年6月1日开始对欧盟商品征收50％的关税，除非在美国制造产品。

The sharp move came after a period of low volatility, and Trump’s comments triggered panic across global markets. Top altcoins like Ethereum, XRP, Solana, Dogecoin, and Cardano were also hit hard as they dropped 3-6%. According to CoinGlass, nearly $350 million in crypto positions were liquidated in just 4 hours, with over $500 million wiped out in 24 hours.

在一段时间的波动率低之后，急剧的举动发生了，特朗普的评论引发了整个全球市场的恐慌。诸如以太坊，XRP，Solana，Dogecoin和Cardano等顶级山寨币在下降3-6％时也受到了猛烈打击。根据Coinglass的数据，将在短短4小时内清算了近3.5亿美元的加密货币职位，并在24小时内消失了超过5亿美元。

Crypto stocks also slid today as BTC Treasury companies like Microstrategy and Semler Scientific dropped around 6%. Japan’s Metaplanet fell even harder, down 24%. Despite Bitcoin hitting a fresh all-time high this week, crypto stocks did not keep up with the gains.

今天的加密货币也滑行，因为MicroStrategy和Semler Scientific（例如Secocific）的BTC国库公司下跌了6％。日本的Metaplanet变得更加严重，下降了24％。尽管本周比特币在新鲜的历史上达到了新鲜的高度，但加密货币却没有跟上收益。

Is Trump In A Tough Spot?

特朗普在艰难的地方吗？

Commenting on the big-picture market situation, The Kobeissi Letter said Trump is in a tough spot. If he pushes tariffs too hard, it could cause market trades to fall apart. But if he backs off too much, then the inflation expectations could rise again.

Kobeissi信中评论大型市场情况时，特朗普在一个艰难的地方。如果他努力推出关税，可能会导致市场交易崩溃。但是，如果他退缩过多，那么通货膨胀期望可能会再次上升。

The former president has to find a way to keep tariffs high enough to show strength but should also avoid pushing up treasury yields. And he has to do this without help from the Fed, which isn’t lowering interest rates yet.

这位前总统必须找到一种方法来保持关税足够高以显示实力，但还应避免提高国库收益率。而且他必须在没有美联储的帮助的情况下这样做，这还没有降低利率。

This Cycle Is Different, Say Analysts

分析师说，这个周期是不同的

Analyst Benjamin Cowen says Bitcoin’s recent drop looks like the typical dip that follows a golden cross.

分析师本杰明·考恩（Benjamin Cowen）说，比特币最近的下降看起来像是在金十字架之后的典型下降。

According to Cowen, he expects the pullback to last a few days with a possible bounce coming next week.

据Cowen称，他预计回调会持续几天，下周可能会弹跳。

Experts note that this crypto cycle is way more complex and different from the past ones. So, there’s no reason to expect the rest of it to follow the same old 4-year pattern. Analyst Michaël van de Poppe says that investors should stay open-minded over the next 1-2 years as the market could bring surprises.

专家指出，这个加密循环与过去的周期更为复杂和不同。因此，没有理由期望其余的遵循相同的旧4年模式。分析师MichaëlVande Poppe表示，由于市场可能带来惊喜，投资者应在未来1 - 2年内保持开放的态度。

According to van de Poppe, the chances are now much higher of a longer cycle with Bitcoin possibly hitting $400K–$600K by 2026/2027 and altcoins climbing even higher.

根据范德波普（Van de Poppe）的说法，现在的机会更长，比特币可能达到40万美元 - 到2026/2027 $ 60万美元，而Altcoins攀升甚至更高。