<ul>
<li>比特幣最近未能突破接近 $83,000 的 200 日移動平均線，重新引發了對再次急劇下跌的擔憂，但 K33 Research 指出，與以往的熊市相比，當前的市場格局明顯不同。</li>
<li>衍生品的持倉顯示出異常持久的悲觀情緒，這種情緒更像是價格底部而非熊市反彈。</li>
<li>該公司表示，其基本判斷仍然是，比特幣在 2 月份跌至 $60,000 標誌着本輪週期的最深回調。</li>
</ul>

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RIOT

MSTR

<p>K33 Research 強調了當前比特幣熊市中的不同情況，指出交易者之間持續的悲觀情緒表明價格底部的可能性，而不是典型的熊市反彈。儘管比特幣在突破 $83,000 的關口上遇到困難，並且對下跌的擔憂依然存在，該公司認為二月份跌至 $60,000 是本輪週期中最深的回調</p>

<ul>
<li>Bitcoin’s recent failure to break above its 200-day moving average near $83,000 revived fears of another sharp downturn, but K33 Research noted a markedly different setup than in previous bear markets.</li>
<li>Derivatives positioning show unusually persistent pessimism that resembles price bottoms instead of bear market rallies.</li>
<li>The firm said its base case remains that bitcoin’s February drop to $60,000 marked the deepest drawdown of the cycle.</li>
</ul>
<div class="lb-trans"><ul>
<li>比特幣最近未能突破接近 $83,000 的 200 日移動平均線，重新引發了對再次急劇下跌的擔憂，但 K33 Research 指出，與以往的熊市相比，當前的市場格局明顯不同。</li>
<li>衍生品的持倉顯示出異常持久的悲觀情緒，這種情緒更像是價格底部而非熊市反彈。</li>
<li>該公司表示，其基本判斷仍然是，比特幣在 2 月份跌至 $60,000 標誌着本輪週期的最深回調。</li>
</ul>
</div>

This bitcoin bear market is different with 'uniquely pessimistic' traders limiting downside, K33 says

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K33 表示，這次比特幣熊市與以往不同，‘獨特悲觀’ 的交易者限制了其下行空間