比特币周二下跌了约2％，至约102400美元，擦除了周一的大部分晚期激增，并将更广泛的加密货币市场降低。

根据隐板数据，以太坊也下跌了38％，至2450美元，而索拉纳（Solana）下跌了36％至171美元。

Bitcoin price fell about 2% on Tuesday, erasing most of Monday’s late surge and dragging the broader crypto market lower.

比特币的价格在周二下跌了约2％，消除了周一的大部分晚期激增，并使更广泛的加密货币市场降低了。

According to CryptoSlate data, Ethereum also declined 3.8% to trade near $2,450 while Solana slipped 3.6% to $171.

根据隐板数据的数据，以太坊的交易价格也下降了3.8％，售价接近2,450美元，而索拉纳（Solana）下跌了3.6％至171美元。

Why is Bitcoin falling again?

为什么比特币再次下降？

The moves arrived hours ahead of the U.S. Bureau of Labor Statistics’ April consumer price index at 8:30 A.M. ET. Traders cut risk across markets on anticipation that a stronger-than-forecast print could lift Treasury yields and the dollar, conditions that tend to pressure crypto valuations.

这些举动在美国东部时间上午8:30之前的美国劳工统计局的四月消费者价格指数提前数小时到达。贸易商削减了整个市场的风险，即预期的是，预期的是较强的印刷品可以提高财政收益和美元的收益，这往往会给加密货币造成压力。

Profit-taking followed a Monday rebound that pushed Bitcoin above $105,000, seemingly reigniting the run that briefly carried the coin to an all-time high near $109,300 in January.

获利之后，周一的反弹将比特币推向了105,000美元以上，似乎重新点燃了一月份将硬币短暂地达到历史最高售价109,300美元的奔跑。

Open-interest readings on major derivatives venues show a modest contraction of about 11% this week from January peaks, signaling reduced speculative leverage even as long-term holders accumulated.

从一月份的山峰开始，对主要衍生品场地的开股读数显示，本周的收缩约为11％，即使长期持有人积累，信号也会降低投机性杠杆作用。

Corporate demand remains robust. Strategy added 13,390 BTC for roughly $1.34 billion between May 5 and May 11, lifting its treasury to 568,840 BTC, about 2.7% of the circulating supply.

公司需求仍然强劲。在5月5日至5月11日之间，策略以大约13.4亿美元的价格增加了13,390 BTC，将其财政部提升至568,840 BTC，约占循环供应的2.7％。

The buy, detailed in the company’s May 8 filing with the Securities and Exchange Commission, was funded through the closing tranche of a $2.1 billion at-the-market equity program.

该买入在公司5月8日向美国证券交易委员会提交的文件中详细介绍的，是通过一项耗资21亿美元的市场股票计划的结束批准资助的。

Altcoins also fall except XRP

除XRP外，AltCoins也会下降

Ethereum’s weakness followed last week’s Pectra hard fork, which activated 11 improvement proposals designed to streamline execution and reduce fees.

以太坊的弱点是在上周的pectra硬叉之后，该叉叉激活了11项改进建议，旨在简化执行并降低费用。

Early transaction-cost readings show modest relief, yet Ethereum’s share of total value locked has continued to slide as competing Layer-1 networks court developers with lower base costs.

早期的交易成本读数显示出适度的缓解，但是以太坊在锁定的总价值中的份额仍继续滑落，因为竞争层的1层网络法院开发人员的基本成本较低。

Solana remained the market’s high-beta proxy. The token rallied from $105 to nearly $180 through April’s tariff-driven volatility. A DEX volume of $35.6 billion and activity on the network continue to bolster bullish sentiment amid the broader market selloff.

Solana仍然是市场的高β代理。由于4月关税驱动的波动性，该代币从105美元上涨至近180美元。在更广泛的市场抛售中，网络上的DEX量为356亿美元，网络活动继续增强看涨的情绪。

Breaking the trend, XRP settled around 3% up to trade at roughly $2.50, and sits around 5% higher for 2025, even as Bitcoin and Ethereum are flat to lower.

打破了趋势，XRP达到了约3％的交易，以大约2.50美元的价格交易，即使比特币和以太坊持平至较低，2025年的交易率高约为5％。

The token’s relative strength follows Ripple’s March settlement with the U.S. Securities and Exchange Commission, which cut the civil fine to $50 million, and anticipation of CME’s cash-settled XRP futures debut on May 19.

代币的相对实力是在Ripple与美国证券交易委员会的三月和解之后，该委员会将民事罚款降至5000万美元，并期望CME现金分配的XRP Futures于5月19日首次亮相。

Looking ahead for Bitcoin and broader market

寻找比特币和更广阔的市场

Derivatives desks now point to Bitcoin’s psychological $100,000 level as first-line support. A cooler-than-expected consumer price index could rekindle bullish momentum; a hotter figure risks deeper rotation into cash and short-dated Treasury bills.

现在，衍生品办公桌将比特币的心理$ 100,000水平作为一线支持。一个比预期的消费者价格指数可以重新激发看涨的势头。一个更热的数字有可能更深入地旋转现金和短期的财政账单。

The options market is pricing a one-day implied move of approximately 2.5% for Bitcoin, indicating traders anticipate a $2,500 fluctuation in either direction.

期权市场的定价为一日隐含的举动约为比特币的2.5％，表明交易者预计这两个方向都会波动2500美元。

Market depth remains thin relative to January’s record-setting flows, a function of widening bid-ask spreads as market makers await clarity on Federal Reserve policy. Three rate-setting meetings remain this year, with the next scheduled for June 11-12.

相对于一月份的创纪录流量，市场深度保持较小，这是做市商在等待美联储政策的明确性时扩大出价差的功能。今年仍将举行三场税率的会议，下一次将于6月11日至12日举行。

With the April CPI reading imminent and derivatives positioning light, market participants will soon learn whether Bitcoin’s next defense of six-figure territory after the halving can hold.

随着4月​​的CPI阅读即将到来的衍生品定位，市场参与者将很快了解比特币在减半后是否对六位数领土的下一个防御。