<p>在週末，比特幣（BTC-USD）出乎意料地跌破了 79,999.99 美元的價格。週六中午，比特幣價格下跌了約 8%，交易價格為 77,550 美元。這次拋售是過去一年持續下跌趨勢的延續。</p>
<p>自去年夏天以來，比特幣未能突破 120,000 美元。十月是最後一次嘗試反彈。買方疲軟是比特幣加速下跌的原因之一。</p>
<p>Strategy (MSTR) 對這款熱門加密貨幣沒有幫助。該公司持有 712,647 個比特幣，支付的平均價格為 66,385 美元。其對比特幣的激進購買推動了價格上漲。在支付的平均價格以下，Strategy 面臨保證金追繳的風險。例如，它持有 82.2 億美元的債務。其優先股支付的股息收益率為 11.00%。可變利率 A 系列永久可贖回優先股（“STRC”）的收益率上升了 25 個基點。</p>
<p>接下來會發生什麼</p>
<p>當黃金和白銀作為對抗美元貶值的對沖工具時，比特幣失去了吸引力。在上週金屬崩潰後，比特幣的相關性進一步惡化。近期的金屬投資者出售了他們的頭寸以避免進一步損失。他們沒有將清算資產再投資於比特幣。</p>
<p>注意以太坊（ETH-USD）、XRP 和索拉納（SOL）的價格也會因比特幣的下跌而下跌。</p>

<p>比特幣價格在週末跌破 79,999 美元，下降約 8%，至 77,550 美元，繼續了一年的下行趨勢。自去年夏天以來，這種加密貨幣一直難以突破 120,000 美元，買方疲軟加劇了價格下跌。持有 712,647 個比特幣、平均成本為 66,385 美元的 Strategy (MSTR) 面臨風險，因為其債務高達 82.2 億美元。隨着黃金和白銀變得更加吸引人，比特幣的相關性減弱，導致以太坊、XRP 和 Solana 的價格也可能出現下跌</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>在週末，比特幣（BTC-USD）出乎意料地跌破了 79,999.99 美元的價格。週六中午，比特幣價格下跌了約 8%，交易價格為 77,550 美元。這次拋售是過去一年持續下跌趨勢的延續。</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>自去年夏天以來，比特幣未能突破 120,000 美元。十月是最後一次嘗試反彈。買方疲軟是比特幣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) 對這款熱門加密貨幣沒有幫助。該公司持有 712,647 個比特幣，支付的平均價格為 66,385 美元。其對比特幣的激進購買推動了價格上漲。在支付的平均價格以下，Strategy 面臨保證金追繳的風險。例如，它持有 82.2 億美元的債務。其優先股支付的股息收益率為 11.00%。可變利率 A 系列永久可贖回優先股（“STRC”）的收益率上升了 25 個基點。</p>
</div><p>What Happens Next</p>
<div class="lb-trans"><p>接下來會發生什麼</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>當黃金和白銀作為對抗美元貶值的對沖工具時，比特幣失去了吸引力。在上週金屬崩潰後，比特幣的相關性進一步惡化。近期的金屬投資者出售了他們的頭寸以避免進一步損失。他們沒有將清算資產再投資於比特幣。</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 和索拉納（SOL）的價格也會因比特幣的下跌而下跌。</p>
</div>

Why Bitcoin Fell Below $79,999

- 比特幣價格跌破 $79,999.99，週六上午價格下降了約 8%。  
- 此次下跌延續了一年來的趨勢，買家疲軟是主要原因。  
- 黃金和白銀作為對沖工具削弱了比特幣的吸引力，影響進一步惡化。

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

比特數字

BTCS

COIN 周收益 ETF - Roundhill

Marathon Digital

Franklin Ethereum ETF

2 倍做多以太幣 ETF - ProShares

Defiance Leveraged Long + Inc MSTR ETF

Fidelity Wise Origin Bitcoin Fund - ETF

Strategy

為什麼比特幣跌破 79,999 美元