<p>在周末，比特币（BTC-USD）出乎意料地跌破了 79,999.99 美元的价格。周六中午，比特币价格下跌了约 8%，交易价格为 77,550 美元。这次抛售是过去一年持续下跌趋势的延续。</p>
<p>自去年夏天以来，比特币未能突破 120,000 美元。十月是最后一次尝试反弹。买方疲软是比特币加速下跌的原因之一。</p>
<p>Strategy (MSTR) 对这款热门加密货币没有帮助。该公司持有 712,647 个比特币，支付的平均价格为 66,385 美元。其对比特币的激进购买推动了价格上涨。在支付的平均价格以下，Strategy 面临保证金追缴的风险。例如，它持有 82.2 亿美元的债务。其优先股支付的股息收益率为 11.00%。可变利率 A 系列永久可赎回优先股（“STRC”）的收益率上升了 25 个基点。</p>
<p>接下来会发生什么</p>
<p>当黄金和白银作为对抗美元贬值的对冲工具时，比特币失去了吸引力。在上周金属崩溃后，比特币的相关性进一步恶化。近期的金属投资者出售了他们的头寸以避免进一步损失。他们没有将清算资产再投资于比特币。</p>
<p>注意以太坊（ETH-USD）、XRP 和索拉纳（SOL）的价格也会因比特币的下跌而下跌。</p>

<p>比特币价格在周末跌破 79,999 美元，下降约 8%，至 77,550 美元，继续了一年的下行趋势。自去年夏天以来，这种加密货币一直难以突破 120,000 美元，买方疲软加剧了价格下跌。持有 712,647 个比特币、平均成本为 66,385 美元的 Strategy (MSTR) 面临风险，因为其债务高达 82.2 亿美元。随着黄金和白银变得更加吸引人，比特币的相关性减弱，导致以太坊、XRP 和 Solana 的价格也可能出现下跌</p>

<p>Over the weekend, Bitcoin (BTC-USD) did the unexpected: the price fell below $79,999.99. On mid-Saturday, BTC prices fell by around 8% to trade at $77,550. The sell-off is a continuation of a downtrend that lasted for the last year.</p>
<div class="lb-trans"><p>在周末，比特币（BTC-USD）出乎意料地跌破了 79,999.99 美元的价格。周六中午，比特币价格下跌了约 8%，交易价格为 77,550 美元。这次抛售是过去一年持续下跌趋势的延续。</p>
</div><p>Bitcoin failed to break out above $120,000 since the past summer. October marked the last attempt to rally. Buyer exhaustion is one of the reasons for Bitcoin to accelerate its drop.</p>
<div class="lb-trans"><p>自去年夏天以来，比特币未能突破 120,000 美元。十月是最后一次尝试反弹。买方疲软是比特币加速下跌的原因之一。</p>
</div><p>Strategy (MSTR) is not helping the popular cryptocurrency. The firm, which holds 712,647 bitcoins, paid an average price of $66,385. Its aggressive buying of BTC helped push prices higher. Below the average price paid, Strategy risks margin calls. For example, it holds $8.22 billion in debt. Its preferred shares pay a dividend that yields 11.00%. The yield rose by 25 bps on the Variable Rate Series A Perpetual Stretch Preferred Stock (“STRC”).</p>
<div class="lb-trans"><p>Strategy (MSTR) 对这款热门加密货币没有帮助。该公司持有 712,647 个比特币，支付的平均价格为 66,385 美元。其对比特币的激进购买推动了价格上涨。在支付的平均价格以下，Strategy 面临保证金追缴的风险。例如，它持有 82.2 亿美元的债务。其优先股支付的股息收益率为 11.00%。可变利率 A 系列永久可赎回优先股（“STRC”）的收益率上升了 25 个基点。</p>
</div><p>What Happens Next</p>
<div class="lb-trans"><p>接下来会发生什么</p>
</div><p>When gold and silver acted as a hedge against the weakening U.S. currency, Bitcoin lost its allure. After the metal meltdown from last week, Bitcoin’s relevance worsened even further. Recent metal investors sold their position to avoid further losses. They did not reinvest the liquidated assets into Bitcoin.</p>
<div class="lb-trans"><p>当黄金和白银作为对抗美元贬值的对冲工具时，比特币失去了吸引力。在上周金属崩溃后，比特币的相关性进一步恶化。近期的金属投资者出售了他们的头寸以避免进一步损失。他们没有将清算资产再投资于比特币。</p>
</div><p>Watch out for prices of Ethereum (ETH-USD), XRP, and Solana (SOL) to fall in sympathy with Bitcoin’s decline.</p>
<div class="lb-trans"><p>注意以太坊（ETH-USD）、XRP 和索拉纳（SOL）的价格也会因比特币的下跌而下跌。</p>
</div>

Why Bitcoin Fell Below $79,999

- 比特币价格跌破 $79,999.99，周六上午价格下降了约 8%。  
- 此次下跌延续了一年来的趋势，买家疲软是主要原因。  
- 黄金和白银作为对冲工具削弱了比特币的吸引力，影响进一步恶化。

Baystreet

IShares Ethereum Trust ETF

Fidelity Ethereum Fund

WisdomTree Bitcoin Fund

CoinShares Bitcoin ETF

Roundhill MSTR WeeklyPay ETF

Grayscale Bitcoin Miners ETF

2 倍做多 Coinbase ETF - Leverage Shares

GraniteShares 2x Long MSTR Daily ETF

2 倍做多 MSTR ETF - Defiance

Core Scientific, Inc.

VanEck Bitcoin ETF

Riot Platforms

Valkyrie Bitcoin and Ether Strategy ETF

Bitdeer Tech

iShares Bitcoin Trust ETF

Bitwise Bitcoin ETF

Grayscale Litecoin Trust (LTC)

ProShares Bitcoin Strategy ETF

Hut 8 Mining

Invesco Galaxy Ethereum ETF

Bitfarms Canada

Bitwise Solana Staking ETF

Proshares Ether Strategy ETF

Bakkt

Bitwise MARA Option Income Strategy ETF

Franklin Bitcoin ETF

Grayscale Ethereum Staking ETF

Grayscale Bitcoin Premium Income ETF

Solana

Grayscale Solana Staking ETF

Bitwise Ethereum ETF

Leverage Shares 2x Cpd Acclrtd MSTRMnETF

Grayscale Ethereum Covered Call ETF

2 倍做多 MARA ETF - GraniteShares

Grayscale Ethereum Mini Staking ETF

21Shares Ethereum ETF

VanEck Ethereum ETF

2 倍做多 MSTR ETF - T-Rex

Galaxy Digital

Coinbase

ARK 21Shares Bitcoin ETF

比特数字

BTCS

COIN 周收益 ETF - Roundhill

Marathon Digital

Franklin Ethereum ETF

2 倍做多以太币 ETF - ProShares

Defiance Leveraged Long + Inc MSTR ETF

Fidelity Wise Origin Bitcoin Fund - ETF

Strategy

为什么比特币跌破 79,999 美元