<p>在過去 24 小時內，加密市場市值下降了 1.97%，在撰寫時為 3.05 萬億美元。自 1 月 14 日以來，市值下降了 6.95%。</p>
<p>比特幣 [BTC] 在 1 月 19 日跌破 94,500 美元，導致市場普遍拋售。</p>
<p>美國總統唐納德·特朗普對歐洲發出了關税行動的信號，這一最新的關税驅動的不確定性幫助解釋了今天加密貨幣下跌的原因。Kobeissi Letter 在 X 平台上指出，美國股市期貨也延續了其跌勢。</p>
<p>納斯達克 100 指數因貿易戰擔憂下跌了 1.6%。在 1 月 19 日，700.5 百萬美元的頭寸被平倉，撰寫時第二天又有 301.7 百萬美元的頭寸被平倉。</p>
<h2><strong>機構需求與現貨和衍生品賣方主導的對比</strong></h2>
<p>比特幣通常是加密市場情緒的良好指標。山寨幣有時像槓桿比特幣合約一樣，朝着與比特幣相同的方向放大波動。</p>
<p>它們的反應通常比比特幣更為悲觀，這解釋了為什麼比特幣的市場主導地位在過去六週略有上升。雖然比特幣可以看到持續的現貨 ETF 流入的火花，例如上週，但這並不保證穩定的牛市趨勢。</p>
<p>機構需求也在強勁增長。CoinGecko 的比特幣財政數據表明，Strategy [MSTR] 和 Metaplanet 的持有量中增加了大量比特幣。AMBCrypto 報道，Saylor 暗示將進行另一筆收購，在 1 月 12 日將 13,627 BTC 添加到其儲備中。</p>
<p>再一次，這還不足以維持上升趨勢。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/Taker-Buy-Sell-Aggression.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/2026/01/Taker-Buy-Sell-Aggression.png"/></p>
<p>來源：Axel Adler Jr</p>
<p>加密分析師 Axel Adler Jr 透露，賣方在經過幾周的看漲壓力後重新掌控了衍生品市場。Taker 買賣比率顯示，90 天的 Taker 攻擊 Z-score 為-1.81，表明賣方主導的市場狀態。</p>
<p>該指標向中性水平的恢復將是市場賣出訂單減少的一個令人鼓舞的跡象。目前，未來幾天可能會有進一步的下行空間。</p>
<hr/>
<h2>最終思考</h2>
<ul>
<li><em>由於多種原因，今天加密貨幣下跌，主要是由於美歐貿易戰導致的風險規避市場情緒。</em></li>
<li><em>自週一拋售以來，比特幣的賣出壓力不斷增加，未來幾天可能會有更多損失。</em></li>
</ul>

<p>加密市場市值下降 1.97%，降至 3.05 萬億美元，比特幣價格跌破 94,500 美元，主要受到美國總統關税擔憂的影響。機構需求依然強勁，但衍生品市場的賣方主導地位有所增加，導致進一步的潛在損失。由於貿易戰的擔憂，市場情緒趨於謹慎，近期發生了大量清算。比特幣的市場主導地位略有上升，但整體看跌趨勢依然存在，預計未來幾天可能會有更多下行空間</p>

<p>The crypto market capitalization was down 1.97% in the past 24 hours and was at $3.05 trillion at the time of writing. It was down 6.95% since the 14th of January.</p>
<div class="lb-trans"><p>在過去 24 小時內，加密市場市值下降了 1.97%，在撰寫時為 3.05 萬億美元。自 1 月 14 日以來，市值下降了 6.95%。</p>
</div><p>Bitcoin [BTC] fell below the $94.5k level on the 19th of January, forcing market-wide selloffs.</p>
<div class="lb-trans"><p>比特幣 [BTC] 在 1 月 19 日跌破 94,500 美元，導致市場普遍拋售。</p>
</div><p>U.S. President Donald Trump signaled tariff action against Europe, and this latest tariff-driven uncertainty helped explain why crypto is down today. Kobeissi Letter noted in a post on X that the U.S. stock market futures extended their session losses, too.</p>
<div class="lb-trans"><p>美國總統唐納德·特朗普對歐洲發出了關税行動的信號，這一最新的關税驅動的不確定性幫助解釋了今天加密貨幣下跌的原因。Kobeissi Letter 在 X 平台上指出，美國股市期貨也延續了其跌勢。</p>
</div><p>The Nasdaq 100 fell 1.6% amid trade war concerns. On the 19th of January, $700.5 million in positions were liquidated, followed by $301.7 million the next day at the time of writing.</p>
<div class="lb-trans"><p>納斯達克 100 指數因貿易戰擔憂下跌了 1.6%。在 1 月 19 日，700.5 百萬美元的頭寸被平倉，撰寫時第二天又有 301.7 百萬美元的頭寸被平倉。</p>
</div><h2><strong>Institutional demand vs. spot and derivatives seller dominance</strong></h2>
<div class="lb-trans"><h2><strong>機構需求與現貨和衍生品賣方主導的對比</strong></h2>
</div><p>Bitcoin is usually a good indicator of the crypto market sentiment. Altcoins sometimes act like leveraged BTC contracts and witness amplified moves in the same direction as Bitcoin.</p>
<div class="lb-trans"><p>比特幣通常是加密市場情緒的良好指標。山寨幣有時像槓桿比特幣合約一樣，朝着與比特幣相同的方向放大波動。</p>
</div><p>They have generally reacted much more bearishly than Bitcoin, which explained why the Bitcoin Dominance has climbed slightly higher in the past six weeks. While Bitcoin can see sparks of sustained spot ETF inflows, such as last week, it does not guarantee a steady bullish trend.</p>
<div class="lb-trans"><p>它們的反應通常比比特幣更為悲觀，這解釋了為什麼比特幣的市場主導地位在過去六週略有上升。雖然比特幣可以看到持續的現貨 ETF 流入的火花，例如上週，但這並不保證穩定的牛市趨勢。</p>
</div><p>Institutional demand was also going strong. CoinGecko Bitcoin Treasury data showed sizeable Bitcoin additions to holdings from Strategy [MSTR] and Metaplanet. AMBCrypto reported that Saylor hinted at another acquisition, having added 13,627 BTC to its reserves on the 12th of January.</p>
<div class="lb-trans"><p>機構需求也在強勁增長。CoinGecko 的比特幣財政數據表明，Strategy [MSTR] 和 Metaplanet 的持有量中增加了大量比特幣。AMBCrypto 報道，Saylor 暗示將進行另一筆收購，在 1 月 12 日將 13,627 BTC 添加到其儲備中。</p>
</div><p>Once more, this is not enough to sustain an uptrend.</p>
<div class="lb-trans"><p>再一次，這還不足以維持上升趨勢。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/Taker-Buy-Sell-Aggression.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/01/Taker-Buy-Sell-Aggression.png"/></p>
<p>Source: Axel Adler Jr</p>
<div class="lb-trans"><p>來源：Axel Adler Jr</p>
</div><p>Crypto analyst Axel Adler Jr revealed that sellers had regained control of the derivatives after weeks of bullish pressure. The Taker Buy/Sell Ratio showed that the 90-day taker aggression Z-score of -1.81 corresponded to a seller-dominant regime.</p>
<div class="lb-trans"><p>加密分析師 Axel Adler Jr 透露，賣方在經過幾周的看漲壓力後重新掌控了衍生品市場。Taker 買賣比率顯示，90 天的 Taker 攻擊 Z-score 為-1.81，表明賣方主導的市場狀態。</p>
</div><p>The metric’s recovery toward neutral levels would be an encouraging sign that the market sell orders were decreasing. For now, further downside is possible in the coming days.</p>
<div class="lb-trans"><p>該指標向中性水平的恢復將是市場賣出訂單減少的一個令人鼓舞的跡象。目前，未來幾天可能會有進一步的下行空間。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2>Final Thoughts</h2>
<div class="lb-trans"><h2>最終思考</h2>
</div><ul>
<li><em>Crypto is down today due to a combination of reasons, primarily the US-EU trade war that has led to a risk-off market sentiment.</em></li>
<li><em>Bitcoin taker sell pressure has mounted since Monday’s sell-off, and more losses are possible in the coming days.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>由於多種原因，今天加密貨幣下跌，主要是由於美歐貿易戰導致的風險規避市場情緒。</em></li>
<li><em>自週一拋售以來，比特幣的賣出壓力不斷增加，未來幾天可能會有更多損失。</em></li>
</ul>
</div>

Why is crypto down today? Tariff jitters, seller dominance explained

Amb Crypto

YieldMax COIN Option Income Strategy ETF

1 倍做空加密貨幣行業 ETF - Direxion

ProShares Bitcoin Strategy ETF

2 倍做多 COIN ETF - GraniteShares

2 倍做多 MSTR ETF - T-Rex

2 倍做多 Coinbase ETF - Leverage Shares

Riot Platforms

VanEck Ethereum ETF

Franklin Bitcoin ETF

CoinShares Bitcoin ETF

Leverage Shares 2x Cpd Acclrtd MSTRMnETF

Invesco Galaxy Bitcoin ETF

Fidelity Ethereum Fund

iShares Bitcoin Trust ETF

Franklin Ethereum ETF

Fidelity Wise Origin Bitcoin Fund - ETF

2 倍做多 MSTR ETF - Defiance

21Shares Ethereum ETF

Bitwise Ethereum ETF

Roundhill MSTR WeeklyPay ETF

Grayscale Bitcoin Trust BTC - ETF

Grayscale Bitcoin Premium Income ETF

ARK 21Shares Bitcoin ETF

WisdomTree Bitcoin Fund

2 倍做多 MARA ETF - GraniteShares

Proshares Ether Strategy ETF

Valkyrie Bitcoin and Ether Strategy ETF

為什麼今天加密貨幣價格下跌？關税引發的緊張情緒以及賣方主導地位的原因解析