<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/image-1772110448.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://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/image-1772110448.png"/></p>
<p>根據多項分析，2026 年的加密貨幣熊市正式來臨。</p>
<p>經過幾個月的波動，下降趨勢已經顯而易見：比特幣從高點下跌了 50%，而大多數頂級山寨幣的跌幅超過了 60%。</p>
<p>在加密貨幣的世界裏，熊市通常被定義為價格下跌 20%，但正如我們現在所看到的，許多項目的跌幅在 70% 到 90% 之間是很常見的。</p>
<p>這種變化徹底改變了市場的情緒。</p>
<p>投資者情緒變得極為消極，&#34;恐懼與貪婪指數&#34;達到了 7，顯示出極度恐懼。</p>
<p>大型機構投資者也在撤回資金，僅在連續第五週的拋售中，比特幣和其他數字資產的流出達到了 2.88 億美元。</p>
<p>雖然大多數代幣繼續創出更低的高點和低點，但像 HYPE、WhiteBIT Coin (WBT)、XMR、BNB 和 TRX 等少數資產證明並非每個幣都遵循相同的下行路徑。</p>
<h2>下行市場的策略</h2>
<p>在這樣的市場中，單純的&#34;持有和希望&#34;的舊策略正在被更積極的方法所取代。專業交易者正在使用幾種方法來應對價格下跌：</p>
<ul>
<li>做空和看跌期權：押注價格將繼續下跌以保護投資組合。</li>
<li>區間交易：在小幅價格波動中買入和賣出，而整體市場保持平穩。</li>
<li>戰略性積累：以大幅折扣購買高質量資產，為下一個週期做準備。</li>
</ul>
<p>雖然大多數山寨幣似乎沒有底部，但 HYPE 在比特幣等頂級資產面前表現出強勁。</p>
<p>目前它下跌約 50%，而比特幣自歷史高點以來下跌超過 52%。</p>
<p>同樣，XMR 目前自歷史高點僅下跌 56%。</p>
<p>Monero 的技術前景顯示出看漲偏向，目標為 375 美元的 200 日 EMA，受到大量鯨魚興趣的支持。</p>
<p>更具韌性的是 TRX，自歷史高點以來僅下跌 37%，展現出顯著的相對強度。</p>
<p>同樣，WBT 也成功維持在 47 美元左右。</p>
<p>即使在最嚴重的拋售周，它也在 46 美元找到了強有力的支撐。這種穩定性源於該幣的直接實用性。</p>
<p>因為它用於 Whitechain 網絡的燃氣費用，並在其本地交易所提供交易折扣，即使在市場恐慌時，人們也有持續的理由持有和使用它。</p>
<h2>機構基準的作用</h2>
<p>幫助某些資產保持穩定的一個主要因素是它們受到全球金融領袖的認可和不斷增長的生態系統。</p>
<p>例如，BNB 自歷史高點以來僅下跌 57%，並繼續看到社區的增長；到 2025 年底，BNB 持有者達到了 2.79 億個錢包。</p>
<p>這代表着數百萬人選擇實用性而非投機。</p>
<p>儘管市場整體崩潰，WhiteBIT Coin 仍然是五個獨立的 S&amp;P 道瓊斯加密貨幣指數的一部分。</p>
<p>在熊市期間，這種納入至關重要，因為它將該幣置於與投機代幣不同的類別。</p>
<p>要成為 S&amp;P 指數的一部分，資產必須滿足高透明度和流動性的標準。這種機構的&#34;印章&#34;給予大型投資者信心。</p>
<p>雖然許多人正在出售比特幣以減少損失，但他們也在關注那些表現出&#34;低貝塔&#34;行為的指數資產，這意味着它們的波動性不如市場其他部分劇烈。</p>
<p>對於 WBT 來説，這創造了一個零售驅動的代幣所沒有的價格底線。</p>
<h2>為什麼實用性是最佳對沖</h2>
<p>當前的下行趨勢提醒我們，在熊市中，只有具有現實價值的資產才能生存。當炒作消失時，一個幣必須有存在的理由。</p>
<p>對於 Whitechain 生態系統來説，這個理由是明確的。</p>
<p>該網絡繼續處理交易，交易所繼續為數百萬用户服務，所有這些都需要本地幣才能運作。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/image-1772109806.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://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/image-1772109806.png"/></p>
<p>我們在 BNB 生態系統中也看到了這種&#34;功能性需求&#34;。</p>
<p>其巨大的 DeFi 存在不可否認，數十億美元被鎖定在 BNB 鏈上的 DeFi 協議中，為全球 1300 億到 1400 億美元的 DeFi 市場做出貢獻。</p>
<p>這證明了整合和信任。</p>
<p>此外，大型基金和合作夥伴認可 BNB 的可信度；這種機構信心並非來自炒作，而是來自經過驗證的結果。</p>
<p>這就是為什麼 WBT、BNB 和 TRX 避免了其他地方 70% 到 90% 的跌幅。</p>
<p>它們沒有遵循整體市場的&#34;更低高點&#34;模式，而是保持了&#34;階梯式&#34;結構，在其他代幣下跌時保持穩定。</p>
<p>隨着機構流出繼續對比特幣施加壓力，焦點正轉向這些能夠經受住風暴的基礎設施級資產。</p>
<h2>展望底部</h2>
<p>歷史表明，熊市最終會結束，但並非每個幣都能渡過難關。</p>
<p>下一輪牛市的領導者通常是在恐懼達到最高時表現出最強勁的那些。</p>
<p>通過保持支撐位並在全球基準中維持地位或增加其鏈上實用性，像 WhiteBIT Coin、BNB 和 XMR 這樣的幣正在為這一週期的關鍵收益者定位。</p>
<p>對於希望在當前 2026 年熊市中導航的投資者來説，教訓很簡單：超越恐懼，關注那些實際上被用來構建數字經濟未來的資產。</p>
<p>本文首發於 Invezz，標題為《2026 年熊市來臨：為何某些資產仍顯示出強勁表現》。</p>

<p>2026 年的加密貨幣熊市已確認，比特幣下跌 50%，許多山寨幣下跌超過 60%。投資者情緒消極，"恐懼與貪婪指數"得分為 7。儘管市場下滑，一些資產如 HYPE、WBT、XMR、BNB 和 TRX 表現出韌性。投資策略已從持有轉向積極交易方法。機構認可和實用性是穩定的關鍵，WBT 和 BNB 等資產因其在現實世界中的應用和被納入標準普爾指數而保持價值，突顯了在熊市中功能性需求的重要性</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/image-1772110448.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/image-1772110448.png"/></p>
<p>According to multiple analytics, the cryptocurrency bear market of 2026 is officially here.</p>
<div class="lb-trans"><p>根據多項分析，2026 年的加密貨幣熊市正式來臨。</p>
</div><p>After months of volatility, the downward trend is clear: Bitcoin has dropped 50% from its highs, and most top altcoins have plunged more than 60%.</p>
<div class="lb-trans"><p>經過幾個月的波動，下降趨勢已經顯而易見：比特幣從高點下跌了 50%，而大多數頂級山寨幣的跌幅超過了 60%。</p>
</div><p>In the world of crypto, a bear market is usually defined by a price drop of 20%, but as we are seeing now, drops of 70% to 90% are common for many projects.</p>
<div class="lb-trans"><p>在加密貨幣的世界裏，熊市通常被定義為價格下跌 20%，但正如我們現在所看到的，許多項目的跌幅在 70% 到 90% 之間是很常見的。</p>
</div><p>This shift has changed the mood of the market completely.</p>
<div class="lb-trans"><p>這種變化徹底改變了市場的情緒。</p>
</div><p>Investor sentiment has turned deeply negative, with the &#34;Fear and Greed Index&#34; hitting a score of 7, signaling extreme fear.</p>
<div class="lb-trans"><p>投資者情緒變得極為消極，&#34;恐懼與貪婪指數&#34;達到了 7，顯示出極度恐懼。</p>
</div><p>Large institutional investors are also pulling back, with $288 million in outflows from Bitcoin and other digital assets recorded in just the fifth straight week of selling.</p>
<div class="lb-trans"><p>大型機構投資者也在撤回資金，僅在連續第五週的拋售中，比特幣和其他數字資產的流出達到了 2.88 億美元。</p>
</div><p>While most tokens continue to make lower highs and lower lows, a small group of assets like HYPE, WhiteBIT Coin (WBT), XMR, BNB, and TRX is proving that not every coin follows the same downward path.</p>
<div class="lb-trans"><p>雖然大多數代幣繼續創出更低的高點和低點，但像 HYPE、WhiteBIT Coin (WBT)、XMR、BNB 和 TRX 等少數資產證明並非每個幣都遵循相同的下行路徑。</p>
</div><h2>Strategies for a downward market</h2>
<div class="lb-trans"><h2>下行市場的策略</h2>
</div><p>In a market like this, the old strategy of simply &#34;holding and hoping&#34; is being replaced by more active approaches. Professional traders are using several methods to handle the price drops:</p>
<div class="lb-trans"><p>在這樣的市場中，單純的&#34;持有和希望&#34;的舊策略正在被更積極的方法所取代。專業交易者正在使用幾種方法來應對價格下跌：</p>
</div><ul>
<li>Short Selling and Put Options: Betting that prices will continue to fall to protect a portfolio.</li>
<li>Range Trading: Buying and selling within small price gaps while the broader market stays flat.</li>
<li>Strategic Accumulation: Buying high-quality assets at large discounts to prepare for the next cycle.</li>
</ul>
<div class="lb-trans"><ul>
<li>做空和看跌期權：押注價格將繼續下跌以保護投資組合。</li>
<li>區間交易：在小幅價格波動中買入和賣出，而整體市場保持平穩。</li>
<li>戰略性積累：以大幅折扣購買高質量資產，為下一個週期做準備。</li>
</ul>
</div><p>While most altcoins don't seem to have a bottom, HYPE has shown strength against top assets like Bitcoin.</p>
<div class="lb-trans"><p>雖然大多數山寨幣似乎沒有底部，但 HYPE 在比特幣等頂級資產面前表現出強勁。</p>
</div><p>It is currently down around 50%, while Bitcoin is down by more than 52% since its all-time high.</p>
<div class="lb-trans"><p>目前它下跌約 50%，而比特幣自歷史高點以來下跌超過 52%。</p>
</div><p>Similarly, XMR is currently only 56% down since ATH.</p>
<div class="lb-trans"><p>同樣，XMR 目前自歷史高點僅下跌 56%。</p>
</div><p>The technical outlook for Monero shows a bullish bias, targeting the 200-day EMA at $375, supported by reports of huge whale interest.</p>
<div class="lb-trans"><p>Monero 的技術前景顯示出看漲偏向，目標為 375 美元的 200 日 EMA，受到大量鯨魚興趣的支持。</p>
</div><p>Even more resilient is TRX, which remains only 37% down since ATH, showcasing significant relative strength.</p>
<div class="lb-trans"><p>更具韌性的是 TRX，自歷史高點以來僅下跌 37%，展現出顯著的相對強度。</p>
</div><p>Similarly, WBT has managed to hold its ground around the $47 mark.</p>
<div class="lb-trans"><p>同樣，WBT 也成功維持在 47 美元左右。</p>
</div><p>Even during the heaviest selling weeks, it has found strong support at $46. This stability is a result of the coin’s direct utility.</p>
<div class="lb-trans"><p>即使在最嚴重的拋售周，它也在 46 美元找到了強有力的支撐。這種穩定性源於該幣的直接實用性。</p>
</div><p>Because it is used for gas fees on the Whitechain network and offers trading discounts on its native exchange, there is a constant reason for people to hold and use it, even when the rest of the market is in a panic.</p>
<div class="lb-trans"><p>因為它用於 Whitechain 網絡的燃氣費用，並在其本地交易所提供交易折扣，即使在市場恐慌時，人們也有持續的理由持有和使用它。</p>
</div><h2>The role of institutional benchmarks</h2>
<div class="lb-trans"><h2>機構基準的作用</h2>
</div><p>A major factor helping certain assets stay stable is their recognition by global financial leaders and growing ecosystems.</p>
<div class="lb-trans"><p>幫助某些資產保持穩定的一個主要因素是它們受到全球金融領袖的認可和不斷增長的生態系統。</p>
</div><p>For instance, BNB is currently only 57% down since ATH and continues to see a growing community; by late 2025, BNB holders reached 279M wallets.</p>
<div class="lb-trans"><p>例如，BNB 自歷史高點以來僅下跌 57%，並繼續看到社區的增長；到 2025 年底，BNB 持有者達到了 2.79 億個錢包。</p>
</div><p>This represents millions of people choosing utility over speculation.</p>
<div class="lb-trans"><p>這代表着數百萬人選擇實用性而非投機。</p>
</div><p>Despite the broad market crash, WhiteBIT Coin remains part of five separate S&amp;P Dow Jones Cryptocurrency Indices.</p>
<div class="lb-trans"><p>儘管市場整體崩潰，WhiteBIT Coin 仍然是五個獨立的 S&amp;P 道瓊斯加密貨幣指數的一部分。</p>
</div><p>This inclusion is vital during a bear market because it places the coin in a different category than speculative tokens.</p>
<div class="lb-trans"><p>在熊市期間，這種納入至關重要，因為它將該幣置於與投機代幣不同的類別。</p>
</div><p>To be part of an S&amp;P index, an asset must meet high standards for transparency and liquidity. This institutional &#34;stamp&#34; gives large investors confidence.</p>
<div class="lb-trans"><p>要成為 S&amp;P 指數的一部分，資產必須滿足高透明度和流動性的標準。這種機構的&#34;印章&#34;給予大型投資者信心。</p>
</div><p>While many are selling Bitcoin to cut their losses, they are keeping an eye on indexed assets that show &#34;low-beta&#34; behavior, meaning they don't swing as wildly as the rest of the market.</p>
<div class="lb-trans"><p>雖然許多人正在出售比特幣以減少損失，但他們也在關注那些表現出&#34;低貝塔&#34;行為的指數資產，這意味着它們的波動性不如市場其他部分劇烈。</p>
</div><p>For WBT, this has created a price floor that retail-driven coins simply don't have.</p>
<div class="lb-trans"><p>對於 WBT 來説，這創造了一個零售驅動的代幣所沒有的價格底線。</p>
</div><h2>Why utility is the best hedge</h2>
<div class="lb-trans"><h2>為什麼實用性是最佳對沖</h2>
</div><p>The current downtrend is a reminder that in a bear market, only assets with real-world value survive. When the hype disappears, a coin must have a reason to exist.</p>
<div class="lb-trans"><p>當前的下行趨勢提醒我們，在熊市中，只有具有現實價值的資產才能生存。當炒作消失時，一個幣必須有存在的理由。</p>
</div><p>For the Whitechain ecosystem, that reason is clear.</p>
<div class="lb-trans"><p>對於 Whitechain 生態系統來説，這個理由是明確的。</p>
</div><p>The network continues to process transactions, and the exchange continues to serve millions of users, all of which require the native coin to function.</p>
<div class="lb-trans"><p>該網絡繼續處理交易，交易所繼續為數百萬用户服務，所有這些都需要本地幣才能運作。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/image-1772109806.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/image-1772109806.png"/></p>
<p>We see this same &#34;functional demand&#34; in the BNB ecosystem.</p>
<div class="lb-trans"><p>我們在 BNB 生態系統中也看到了這種&#34;功能性需求&#34;。</p>
</div><p>Its massive DeFi presence is undeniable, with billions locked in DeFi protocols on BNB Chain, contributing to a global DeFi market worth $130-140B.</p>
<div class="lb-trans"><p>其巨大的 DeFi 存在不可否認，數十億美元被鎖定在 BNB 鏈上的 DeFi 協議中，為全球 1300 億到 1400 億美元的 DeFi 市場做出貢獻。</p>
</div><p>This serves as proof of integration and trust.</p>
<div class="lb-trans"><p>這證明了整合和信任。</p>
</div><p>Furthermore, big funds and partners recognize BNB's credibility; institutional confidence of that kind doesn't come from hype, it comes from proven results.</p>
<div class="lb-trans"><p>此外，大型基金和合作夥伴認可 BNB 的可信度；這種機構信心並非來自炒作，而是來自經過驗證的結果。</p>
</div><p>This is why WBT, BNB, and TRX have avoided the 70% to 90% drops seen elsewhere.</p>
<div class="lb-trans"><p>這就是為什麼 WBT、BNB 和 TRX 避免了其他地方 70% 到 90% 的跌幅。</p>
</div><p>Instead of following the &#34;lower highs&#34; pattern of the general market, they have maintained a &#34;staircase&#34; structure, staying steady while others fall.</p>
<div class="lb-trans"><p>它們沒有遵循整體市場的&#34;更低高點&#34;模式，而是保持了&#34;階梯式&#34;結構，在其他代幣下跌時保持穩定。</p>
</div><p>As institutional outflows continue to put pressure on Bitcoin, the focus is shifting toward these infrastructure-level assets that can weather the storm.</p>
<div class="lb-trans"><p>隨着機構流出繼續對比特幣施加壓力，焦點正轉向這些能夠經受住風暴的基礎設施級資產。</p>
</div><h2>Looking toward the bottom</h2>
<div class="lb-trans"><h2>展望底部</h2>
</div><p>History shows that bear markets eventually end, but not every coin makes it to the other side.</p>
<div class="lb-trans"><p>歷史表明，熊市最終會結束，但並非每個幣都能渡過難關。</p>
</div><p>The leaders of the next bull run are usually the ones that show the most strength when fear is at its highest.</p>
<div class="lb-trans"><p>下一輪牛市的領導者通常是在恐懼達到最高時表現出最強勁的那些。</p>
</div><p>By holding support levels and maintaining status in global benchmarks or growing their on-chain utility, coins like WhiteBIT Coin, BNB, and XMR are positioning themselves as key gainers of this cycle.</p>
<div class="lb-trans"><p>通過保持支撐位並在全球基準中維持地位或增加其鏈上實用性，像 WhiteBIT Coin、BNB 和 XMR 這樣的幣正在為這一週期的關鍵收益者定位。</p>
</div><p>For investors looking to navigate the current 2026 bear market, the lesson is simple: look past the fear and focus on the assets that are actually being used to build the future of the digital economy.</p>
<div class="lb-trans"><p>對於希望在當前 2026 年熊市中導航的投資者來説，教訓很簡單：超越恐懼，關注那些實際上被用來構建數字經濟未來的資產。</p>
</div><p>The post Is 2026 bear market in: why some assets are still showing strength appeared first on Invezz</p>
<div class="lb-trans"><p>本文首發於 Invezz，標題為《2026 年熊市來臨：為何某些資產仍顯示出強勁表現》。</p>
</div>

2026 年的熊市是否已經到來：為何某些資產依然表現出色