标题：比特币BTC/USD在过去七天中下跌了14％

在过去的七天中，比特币BTC/USD下跌了14％，促使专家就这种纠正中的流动性扮演的角色进行了辩论。

Bitcoin BTC/USD has declined by 14% over the past seven days, prompting experts to discuss the role of receding liquidity in this correction.

在过去的七天中，比特币BTC/USD下降了14％，促使专家讨论了退化流动性在此更正中的作用。

According to a detailed thread on X by UnlimitedFnds Chief Investment Officer Bob Elliott, the post-election crypto rally is winding down, with many assets completing full round trips from their highs.

根据Unlimitedfnds首席投资官Bob Elliott在X上的详细线程，选举后的加密集会正在结束，许多资产都从其高点完成了完整的往返。

Bitcoin has dropped 20% from its post-election peak, indicating weakness across crypto markets.

比特币从大选后峰值下降了20％，表明整个加密货币市场的疲软。

Cryptocurrency Prices Today

当今的加密货币价格

Campione: "We’re tracking a 20% pullback in BTC from the post-election high, which also coincides with a 20% pullback in ETH from its post-election high (and new all-time high). In aggregate, over the past seven days, we’re seeing weakness across the board in crypto markets."

坎普恩（Campione）：“我们正在从大选后的高中追踪BTC的20％回调，这也与ETH的20％回马相吻合，从其大选后的高中（和新的历史最高水平）。在过去的七天中，我们在过去的七天中总共看到了董事会的疲软。”

Elliott highlighted that several assets have fully reversed their recent gains.

埃利奥特（Elliott）强调，几个资产已经完全扭转了他们最近的收益。

* Ethereum ETH/USD and Solana SOL/USD have erased their post-election gains, signaling broader market-wide risk aversion.

*以太坊ETH/USD和SOLANA SOL/USD删除了他们的选举后收益，这表明了更广泛的市场风险规避。

* Crypto-related equities, including Strategy MSTR, have fully reversed their recent gains.

*与加密相关的股票，包括战略MSTR，已经完全扭转了他们最近的收益。

* Even speculative assets are struggling—meme coin Fartcoin FARTCOIN/USD lost momentum, and Trump-themed cryptocurrencies have cooled off from their highs.

*即使是投机性资产也在挣扎中 - 最终硬币Fartcoin Fartcoin/USD失去了动力，特朗普主题的加密货币也从高高处散发出来。

Why It's Important: Elliott views crypto's downturn as an early warning sign of broader liquidity withdrawal.

为什么重要的是：Elliott将加密货币的衰退视为更广泛的流动性撤离的预警信号。

As explained by Elliott, crypto benefits first from excess liquidity, making it a leading indicator for risk assets.

正如埃利奥特（Elliott）所解释的那样，加密货币首先受益于多余的流动性，使其成为风险资产的主要指标。

"If anything, I would say that crypto is the first to benefit from excess liquidity and therefore also the first to suffer when liquidity starts to dry up. In essence, it’s a leading indicator for risk assets."

“如果有的话，我要说的是加密货币是第一个从多余的流动性中受益的人，因此，当流动性开始枯竭时，也是第一次遭受的苦难。从本质上讲，这是风险资产的主要指标。”

The current crypto weakness suggests that liquidity conditions are tightening ahead of 2025, which could lead to broader financial strain.

当前的加密弱点表明，在2025年之前，流动性状况正在收紧，这可能导致更大的财务压力。

"If anything, I think we can say that, if anything, the crypto market is the first to benefit from excess liquidity and therefore also the first to suffer when liquidity starts to dry up. In essence, it’s a leading indicator for risk assets. If we’re thinking about a 2025 time frame for the Fed to begin cutting rates and if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if, if anything, if anything, if anything, if anything, if anything, if anything, if anything,

如果有的话，我认为我们可以说（如果有的话）是第一个从过度流动性中受益的市场，因此，当流动性开始枯竭时，也是第一次受益于风险资产的领先指标。这是我们考虑2025年的时间范围。如果我们想到的是2025年的时间范围，如果有的话，任何地方，如果有的，如果有的，如果有的话如果（如果有的），如果有的话，如果有的，如果有的，如果有的，任何什么（如果有的话），如果有的话，如果有的话，如果有的话，如果有的，如果有的，如果有的话，如果有的话，如果有的话，