<ul>
<li><em>比特幣在最近動盪的幾周內保持在 92,000 美元支撐位之上，這對多頭來説是個令人鼓舞的信號。</em></li>
<li><em>市場情緒的下降反映了其他市場的持續虧損以及在線參與度的降低。</em></li>
</ul>
<p>長期來看，比特幣 [BTC] 的前景依然看漲，因為價格仍處於區間震盪中。然而，Tether 的指標顯示，穩定幣流入交易所的情況已經枯竭。</p>
<p>交易者和投資者對進入市場持謹慎態度，這對過去幾周的價格走勢來説是可以理解的反應。</p>
<p>比特幣的買賣壓力差顯示，過去兩個月的買入壓力有所下降。</p>
<p>市場情緒也有所減弱，在未能捍衞 11 月的漲幅後，回落至 9 月和 10 月的水平。</p>
<h2>比特幣恐懼與貪婪指數降至 4 個月低點</h2>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/02/PP-3-BTC-fear-greed-index.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/02/PP-3-BTC-fear-greed-index.png"/></p>
<p>來源：Alternative.me</p>
<p>比特幣恐懼與貪婪指數利用價格走勢、波動性、社交媒體參與度和比特幣主導率等多種因素來衡量市場情緒。</p>
<p>美國總統選舉後的強勁漲幅使得市場情緒飆升。</p>
<p>此前，2024 年 3 月的反彈使得該指數持續達到 80 及以上的值。這一趨勢在 4 月底開始發生變化。同樣，11 月的情緒上升在一個多月後開始減弱。</p>
<p>這種下降尚未完全停止。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/02/PP-3-BTC-price.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/02/PP-3-BTC-price.png"/></p>
<p>來源：TradingView 上的 BTC/USDT</p>
<p>周線圖顯示，儘管情緒波動不定，比特幣仍然保持着堅定的看漲波動結構。</p>
<p>儘管美國市場的宏觀經濟前景令人擔憂，以及某些市場的關税相關波動，比特幣仍然捍衞了 92,000 美元的區間低點。</p>
<p>在接下來的幾周內，價格可能會跌至 88,000 美元至 90,000 美元，但這一波動將提供一個買入機會。持有者必須不被恐慌所左右——至少，現在還不需要。</p>
<p>比特幣在 2024 年並未在下行通道內整合七個月，隨後卻實現了 60% 的反彈，然後就止步不前。</p>
<p>或者説它確實如此，但很難確定——不過大多數鏈上指標並未顯示出頂部已經形成。</p>
<p><em>免責聲明：所提供的信息不構成財務、投資、交易或其他類型的建議，僅代表作者的觀點</em></p>

GBTC

<p>比特幣恐懼與貪婪指數已降至四個月來的低點，反映出市場情緒的下降和買入壓力的減弱。儘管比特幣價格保持在 92,000 美元的支撐位之上，但由於近期的損失，交易者對進入市場持謹慎態度。長期前景依然看漲，如果價格回調至 88,000 美元至 90,000 美元，可能會出現買入機會。該指數此前曾達到 80 以上的高點，但自四月底以來一直在下降。總體而言，儘管情緒疲軟，但鏈上指標顯示市場頂部尚未到達</p>

<ul>
<li><em>The strength of Bitcoin above the $92k support during the recent, tumultuous weeks was encouraging for the bulls.</em></li>
<li><em>The falling sentiment was a reflection of the steady losses across the rest of the market as well as online engagement.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>比特幣在最近動盪的幾周內保持在 92,000 美元支撐位之上，這對多頭來説是個令人鼓舞的信號。</em></li>
<li><em>市場情緒的下降反映了其他市場的持續虧損以及在線參與度的降低。</em></li>
</ul>
</div><p>The long-term Bitcoin [BTC] outlook remained bullish as the price was still within a range formation. Yet, Tether metrics showed that stablecoin inflows to exchange have dried up.</p>
<div class="lb-trans"><p>長期來看，比特幣 [BTC] 的前景依然看漲，因為價格仍處於區間震盪中。然而，Tether 的指標顯示，穩定幣流入交易所的情況已經枯竭。</p>
</div><p>Traders and investors were hesitant to enter the market, an understandable reaction to the price action of the past few weeks.</p>
<div class="lb-trans"><p>交易者和投資者對進入市場持謹慎態度，這對過去幾周的價格走勢來説是可以理解的反應。</p>
</div><p>The Bitcoin buy/sell pressure delta showed a decline in buying pressure over the past two months.</p>
<div class="lb-trans"><p>比特幣的買賣壓力差顯示，過去兩個月的買入壓力有所下降。</p>
</div><p>The market sentiment has also weakened, reaching September and October levels after failing to defend the November gains.</p>
<div class="lb-trans"><p>市場情緒也有所減弱，在未能捍衞 11 月的漲幅後，回落至 9 月和 10 月的水平。</p>
</div><h2>Bitcoin Fear and Greed Index falls to 4-month lows</h2>
<div class="lb-trans"><h2>比特幣恐懼與貪婪指數降至 4 個月低點</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/02/PP-3-BTC-fear-greed-index.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/02/PP-3-BTC-fear-greed-index.png"/></p>
<p>Source: Alternative.me</p>
<div class="lb-trans"><p>來源：Alternative.me</p>
</div><p>The Bitcoin Fear and Greed Index uses various factors such as price action, volatility, social media engagement, and BTC dominance to gauge sentiment.</p>
<div class="lb-trans"><p>比特幣恐懼與貪婪指數利用價格走勢、波動性、社交媒體參與度和比特幣主導率等多種因素來衡量市場情緒。</p>
</div><p>The strong gains following the U.S. Presidential election saw the sentiment soar higher.</p>
<div class="lb-trans"><p>美國總統選舉後的強勁漲幅使得市場情緒飆升。</p>
</div><p>Previously, the March 2024 rally saw the index reach values of 80 and higher consistently. This began to shift in late April. Similarly, the November sentiment uptick began to taper off just over a month later.</p>
<div class="lb-trans"><p>此前，2024 年 3 月的反彈使得該指數持續達到 80 及以上的值。這一趨勢在 4 月底開始發生變化。同樣，11 月的情緒上升在一個多月後開始減弱。</p>
</div><p>This descent has not yet fully halted.</p>
<div class="lb-trans"><p>這種下降尚未完全停止。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/02/PP-3-BTC-price.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/02/PP-3-BTC-price.png"/></p>
<p>Source: BTC/USDT on TradingView</p>
<div class="lb-trans"><p>來源：TradingView 上的 BTC/USDT</p>
</div><p>The weekly chart showed that BTC has a firmly bullish swing structure despite the erratic sentiment swings.</p>
<div class="lb-trans"><p>周線圖顯示，儘管情緒波動不定，比特幣仍然保持着堅定的看漲波動結構。</p>
</div><p>Regardless of the fearful macroeconomic outlook in the U.S. markets, and the tariff-related volatility in certain markets, Bitcoin has defended the $92k range lows.</p>
<div class="lb-trans"><p>儘管美國市場的宏觀經濟前景令人擔憂，以及某些市場的關税相關波動，比特幣仍然捍衞了 92,000 美元的區間低點。</p>
</div><p>It could dip to $88k-$90k sometime in the coming weeks, but this sweep of the range lows would present a buying opportunity. HODLers must not give in to panic — at least, not yet.</p>
<div class="lb-trans"><p>在接下來的幾周內，價格可能會跌至 88,000 美元至 90,000 美元，但這一波動將提供一個買入機會。持有者必須不被恐慌所左右——至少，現在還不需要。</p>
</div><p>BTC did not consolidate within a falling channel for seven months in 2024, only to make a 60% rally and then call it quits.</p>
<div class="lb-trans"><p>比特幣在 2024 年並未在下行通道內整合七個月，隨後卻實現了 60% 的反彈，然後就止步不前。</p>
</div><p>Or perhaps it did, it is hard to be sure- but most of the on-chain metrics do not show a top is in yet.</p>
<div class="lb-trans"><p>或者説它確實如此，但很難確定——不過大多數鏈上指標並未顯示出頂部已經形成。</p>
</div><p><em>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion</em></p>
<div class="lb-trans"><p><em>免責聲明：所提供的信息不構成財務、投資、交易或其他類型的建議，僅代表作者的觀點</em></p>
</div>

比特幣恐懼與貪婪指數下降，多頭退卻——接下來會發生什麼？