比特币跌破 99,000 美元，DeepSeek 首次亮相，特朗普和抛售 | 每周回顾

由于交易活动低迷，比特币跌破关键模式，Matrixport 认为进一步下跌的风险越来越大。 截至发稿时，比特币（BTC）突破了上升的扩大楔形，这是一种典型的看跌模式，下跌 6.78%，导致其价格跌至 87,630 美元。 #Matrixport 今天 📈 — 2025 年 2 月 25 日⬇️#比特币打破关键模式：在交易活动低迷的情况下需要谨慎‼️#加密 #BTC #CryptoFinance #CryptoMarket pic.twitter.com/rnIlXpWUir— Matrixport Official (@Matrixport_EN) 2025 年 2 月 25 日 Matrixport 分析师在 2 月 25 日的 X 帖子中警告称，下滑可能会导致进一步下跌，尤其是在交易活动低迷限制逢低买入需求的情况下。 “进一步下跌的可能性正在增加，特别是因为这次跌势发生在交易活动较少的时期，这可能导致买入需求有限。” 独立分析师 Markus Thielen 你可能还喜欢：Strategy 以 19.9 亿美元增持 20,356 枚比特币，扩大企业 BTC 持有量 虽然分析师预计比特币价格将在今年晚些时候上涨，但当前的技术突破让他们“更加谨慎”。此外，模式突破不仅仅影响比特币。以太坊 (ETH) 也跌破了其关键的 2,600 美元至 2,800 美元支撑区间，跌至 2,375 美元，进一步表明市场疲软。 如果 $ETH 跌破 2400 美元，则可能迎来最糟糕的二月。📉从历史上看，2 月份对 ETH 来说是看涨的，2018 年只有一个月出现下跌。但考虑到已经下跌了 23%，这可能是另一个例外。宏观经济不确定性，包括来自……的新关税pic.twitter.com/YyW5ZhIv7V— Spot On Chain (@spotonchain) 2025 年 2 月 25 日 Spot On Chain 的分析师也在 2 月 25 日的 X 帖子中警告称，以太坊“如果跌破 2,400 美元，可能将迎来最糟糕的 2 月”。 “从历史上看，2 月份对 ETH 来说是利多的月份，2018 年只有一个月出现下跌。但鉴于已经下跌了 23%，这可能是另一个例外。宏观经济不确定性，包括特朗普政府的新关税，增加了压力。” 链条上的现货 与此同时，截至 2 月 21 日，美国现货比特币交易所交易基金连续第二周资金流出超过 5 亿美元。 正如 crypto.news 早些时候报道的那样，大部分资金流出来自 Grayscale 的 GBTC，该基金有 6008 万美元流出，该基金在从信托结构转换后继续保持流出势头。Bitwise 的 BITB 和 Fidelity 的 FBTC 也助长了这种负面势头，分别流出 1658 万美元和 1247 万美元。 阅读更多：蒙大拿州的比特币储备法案未获众议院批准

Sui is partnering with xMoney and xPortal to launch a virtual Mastercard for European users, allowing them to spend crypto like cash. Sui is expanding into everyday payments through a new partnership with financial platform xMoney and crypto super-app xPortal. Together, they are launching a virtual Mastercard that allows European users to spend crypto like cash. The partnership introduces a full-stack payment solution: a custom Sui (SUI) wallet experience integrated into xPortal’s app, already used by 2.5 million people. Sui is going full lifestyle chain 🌊We’ve partnered with @xPortalApp + @xMoney_com to bring you:💳 A virtual Sui Mastercard, with Tap to Pay via Apple Wallet and Google Pay👝 A custom Sui wallet experience inside xPortal⚡ Card issuance, fiat ramps, and compliance powered by… pic.twitter.com/SUFqqP94WX— Sui (@SuiNetwork) April 24, 2025 This includes a branded virtual Mastercard that users can add to Apple Pay or Google Pay and use across over 20,000 merchants.  A physical card is expected later in 2025, according to a company note shared with crypto.news. “This powerful new product is a significant step towards making the Sui ecosystem more accessible to everyday consumers,” said Christian Thompson, Managing Director of the Sui Foundation. You might also like:Kuwait warns against illegal crypto mining after over 1,000 sites exposed in nationwide probe Self custody coupled with spending By leveraging xPortal’s user-friendly interface and xMoney’s licensed infrastructure, the offering combines self-custody with seamless spending.  It positions Sui among the few Layer 1 blockchains enabling real-world payments in a compliant way, starting in the EU. Sergiu Biris, CEO of xPortal, emphasized Sui’s performance and community as key reasons for the integration, while Greg Siourounis of xMoney highlighted the platform’s goal of bridging crypto with traditional finance. The company plans to expand in the U.S. and introduce more enterprise services, which will be announced at the upcoming Sui Basecamp event. You might also like:US prosecutors seek up to 8 years for Mango Markets exploiter Avi Eisenberg

Bitcoin may be setting its sights on the $110,000 mark as large holders ramp up accumulation, despite smaller investors taking profits amid macro tailwinds. Wallets that hold between 10 and 10,000 Bitcoin (BTC), often referred to as whales and sharks, have amassed more than 83,000 BTC in the last 30 days, according to a May 13 post on X by Santiment. In contrast, 387 BTC were offloaded from wallets holding less than 0.1 BTC during that period.  https://twitter.com/santimentfeed/status/1922151656306995529?s=46&t=nznXkss3debX8JIhNzHmzw These movements, though seemingly small for retail, are significant when measured relative to the total BTC held by each group. Santiment noted that small investors, including tiers slightly larger than 0.1 BTC, are showing signs of profit-taking, likely anticipating a local top. In contrast, the ongoing accumulation by large holders suggests confidence in further upside. This may push Bitcoin towards the $110,000 level, marking a new all-time high. The sentiment shift comes after a sharp surge fueled by macro news. The U.S. and China reached an agreement to slash tariffs for 90 days, which improved overall market sentiment. This caused Bitcoin to rally, briefly reaching a weekly high of $104,710 before falling to about $102,500 at the time of writing. You might also like:Bitcoin price poised for breakout with $127k target if $106k cracks soon Glassnode’s on-chain data shared on X on May 12 further supports the narrative. The company reported lower momentum buying and higher levels of profit-taking. While demand from first-time buyers remains strong, reflected by a consistently high relative strength index, the lack of follow-through from momentum traders could point to a temporary consolidation phase if new inflows slow. $BTC Supply Mapping shows sustained strength in new demand. First-Time Buyers RSI has held at 100 all week. But Momentum Buyers remain weak (RSI ~11), and Profit Takers are rising. If fresh inflows slow, lack of follow-through could lead to consolidation: https://t.co/vHqbU4hrPt pic.twitter.com/Ghqynb296Y— glassnode (@glassnode) May 12, 2025 Meanwhile, institutional demand remains firm. Strategy added $1.34 billion worth of Bitcoin on May 12, increasing its total holdings to 568,840 BTC, roughly 2.86% of the current circulating supply. Japan’s Metaplanet also boosted its reserves with a 1,241 BTC acquisition, now holding 6,796 BTC. According to SoSoValue data, Bitcoin spot ETFs have seen net inflows of $2.03 billion in the past month. Looking at the technical picture,  Bitcoin is currently trading above all major moving averages, including the 10-day EMA and the 50-day SMA, both of which are showing “Buy” signals. Momentum indicators, such as the moving average convergence divergence, also exhibit bullish bias. Bitcoin price analysis. Credit: crypto.news The RSI, at 68, is hovering just below overbought levels. This suggests that the rally could face resistance near $105,000 to $106,300, where the upper Bollinger Band sits. A decisive break above this zone could push Bitcoin toward the $110,000 psychological milestone. On the flip side, a breakdown below support at $97,600 or $94,000 could open the door for deeper retracement toward $89,800, Bitcoin’s lower Bollinger Band and a key demand zone. Read more:Conor McGregor calls Bitcoin ‘immutable people’s money’ and asks about crypto

美国家庭债务刚刚达到 18 万亿美元，抵押贷款利率惨不忍睹，比特币的供应紧缩正在加剧。旧的致富之路正在崩塌吗？ 目录房地产正在快速放缓从稀缺对冲到流动性陷阱房屋太多，硬币太少翻盘不是要来，而是已经到来 房地产正在快速放缓 多年来，房地产一直是积累财富最可靠的方式之一。房屋价值通常会随着时间的推移而上涨，而房产所有权长期以来一直被认为是一项安全的投资。 但目前，房地产市场正显示出多年来未曾有过的放缓迹象。房屋在市场上停留的时间更长。卖家正在降价。买家正苦苦挣扎于高昂的抵押贷款利率。 根据最近的数据，目前平均房屋售价比要价低 1.8%——这是近两年来最大的折扣。与此同时，出售一套普通房屋所需的时间已延长至 56 天，这是五年来最长的等待时间。 突发消息：目前美国房屋的平均售价比要价低 1.8%，为两年来的最大折扣。这也是2019年以来最低的读数之一。目前，一套普通房屋平均需要约 56 天才能售出，这是 5 年来最长的售出时间……pic.twitter.com/DhULLgTPoL— Kobeissi 的来信 (@KobeissiLetter) 2025 年 2 月 17 日 在佛罗里达州，销售放缓更为明显。在迈阿密和劳德代尔堡等城市，超过 60% 的房屋已滞销两个多月。该州一些房屋的售价比挂牌价低 5% 之多，是全国最大的折扣。 与此同时，对于寻求稀缺、有价值资产的投资者来说，比特币（BTC）正成为一种越来越有吸引力的替代品。 BTC price chart | Source: crypto.news BTC 最近创下了 109,114 美元的历史新高，随后于 2 月 19 日回落至 95,850 美元。即使有所下跌，在机构需求激增的推动下，BTC 在过去一年中仍上涨了 83% 以上。 那么，随着房地产越来越难出售，持有成本越来越高，比特币能否成为最终的价值存储手段呢？让我们来一探究竟。 从稀缺对冲到流动性陷阱 受高抵押贷款利率、房价上涨和流动性下降的影响，房地产市场正在急剧放缓。 30 年期平均抵押贷款利率仍然高达 6.96%，与疫情前常见的 3%-5% 利率形成鲜明对比。 U.S. mortgages rates | Source: Mortgage News Daily Meanwhile, the median U.S. home-sale price has risen 4% year-over-year, but this increase hasn’t translated into a stronger market—affordability pressures have kept demand subdued. Several key trends highlight this shift: The median time for a home to go under contract has jumped to 34 days, a sharp increase from previous years, signaling a cooling market. A full 54.6% of homes are now selling below their list price, a level not seen in years, while just 26.5% are selling above. Sellers are increasingly forced to adjust their expectations as buyers gain more leverage. 房屋售价与挂牌价的中位数比率已降至 0.990，反映出买家谈判能力增强，而卖家实力下降。 但并非所有房屋都受到同等影响。位于黄金地段且可立即入住的房产继续吸引买家，而位于较不理想地段或需要装修的房产则面临大幅折扣。 但随着借贷成本的飙升，房地产市场的流动性已大大降低。许多潜在的卖家不愿放弃他们的低固定利率抵押贷款，而买家则难以承受更高的月供。 缺乏流动性是一个根本性的弱点。与可以全天候交易且几乎即时执行的比特币不同，房地产交易速度慢、成本高，而且通常需要数月才能完成。 随着经济不确定性的持续以及资本寻求更有效的价值存储，房地产的进入壁垒和低迷的流动性正在成为主要劣势。 Too many homes, too few coins While the housing market struggles with rising inventory and weakening liquidity, Bitcoin is experiencing the opposite — a supply squeeze that is fueling institutional demand. Unlike real estate, which is influenced by debt cycles, market conditions, and ongoing development that expands supply, Bitcoin’s total supply is permanently capped at 21 million.  比特币的绝对稀缺性现在正与不断增长的需求（尤其是来自机构投资者的需求）发生冲突，从而加强了比特币作为长期价值存储手段的地位。 2024 年初现货比特币 ETF 的批准引发了大规模机构资金流入，极大地改变了供需平衡。 自推出以来，这些 ETF 已吸引了超过 400 亿美元的净流入，其中贝莱德、Grayscale 和富达等金融巨头控制着大部分持股。 需求激增以前所未有的速度吸收了比特币，ETF 每日购买量从 1,000 到 3,000 BTC 不等——远远超过每天开采的约 500 个新币。这种不断增长的供应缺口导致比特币在公开市场上越来越稀缺。 比特币新供应量 | 来源：CryptoQuant At the same time, Bitcoin exchange reserves have dropped to 2.5 million BTC, the lowest level in three years. More investors are withdrawing their holdings from exchanges, signaling strong conviction in Bitcoin’s long-term potential rather than treating it as a short-term trade. Bitcoin exchange reserve balance | Source: CryptoQuant Further reinforcing this trend, long-term holders continue to dominate supply. As of December 2023, 71% of all Bitcoin had remained untouched for over a year, highlighting deep investor commitment.  比特币 1+ 年 HODLER 数据 |来源：Bitcoin Magazine Pro 虽然截至 2 月 18 日这一数字已略微下降至 62%，但总体趋势表明，随着时间的推移，比特币将成为一种越来越紧密的资产。 翻盘不是要来，而是已经到来 截至 2025 年 1 月，美国房屋售价中值为 350,667 美元，抵押贷款利率徘徊在 7% 左右。这些因素导致每月抵押贷款还款额创下历史新高，使得年轻一代越来越难以拥有自己的房子。 从这个角度来看： A 20% down payment on a median-priced home now exceeds $70,000—a figure that, in many cities, surpasses the total home price of previous decades. First-time homebuyers now represent just 24% of total buyers, a historic low compared to the long-term average of 40%–50%. Total U.S. household debt has surged to $18.04 trillion, with mortgage balances accounting for 70% of the total—reflecting the growing financial burden of homeownership. Meanwhile, Bitcoin has outperformed real estate over the past decade, boasting a compound annual growth rate (CAGR) of 102.36% since 2011—compared to housing’s 5.5% CAGR over the same period. But beyond returns, a deeper generational shift is unfolding. Millennials and Gen Z, raised in a digital-first world, see traditional financial systems as slow, rigid, and outdated.  拥有像比特币这样的去中心化、无边界资产的想法比被捆绑在不可预测的房产税、保险费和维护费用中的 30 年期抵押贷款更有吸引力。 调查显示，年轻投资者越来越看重财务灵活性和流动性，而不是房屋所有权。许多人更喜欢租房并保持资产流动性，而不是承担房地产的非流动性。 比特币的可移植性、全天候交易和抗审查性与这种心态完全一致。 这是否意味着房地产正在变得过时？并不完全如此。它仍然是一种对冲通胀的工具，也是高需求地区的宝贵资产。 但房地产市场的低效性——加上比特币日益增长的机构认可度——正在重塑投资偏好。历史上第一次，数字资产作为长期价值存储手段与实体房地产直接竞争。 The question is no longer whether Bitcoin is an alternative to real estate — it’s how quickly investors will adjust to this new reality.

尽管瑞士宝盛集团 (Julius Baer) 正在大力削减成本，但通过聘用一位关键的加密货币高管，集团似乎正释放出持续关注数字资产的信号。 瑞士财富管理集团 Julius Baer 在其新任首席执行官 Stefan Bollinger 的领导下正在削减成本，但该银行似乎仍对数字资产保持着兴趣，并聘请了加密专家 Michael Martin 作为客户顾问加入该银行，专注于数字资产。 马丁在 LinkedIn 的公告中表示，他将为“在数字资产领域有需求的”客户提供咨询。 “我期待为我们的客户提供支持——无论他们看重我们丰富的经验和信任，寻求一流的咨询，还是旨在探索数字资产带来的激动人心的机会。” 米歇尔·马丁 你可能还喜欢：瑞士州立银行开始提供 Cardano 和 Avalanche 以满足日益增长的需求 Martin 长期从事加密货币行业，2014 年加入 Kimura Capital，这是一家总部位于伦敦的大宗商品贸易融资信贷提供商。最近，他在 Amina Bank（前身为 Seba Bank）工作，专注于机构加密货币客户。据报道，Julius Baer 还持有 Amina Bank 的少数股权，其首席财务官 Evangelia Kostakis 是该银行的董事会成员。 此次聘用是在 Julius Baer 进行重组计划之际进行的。该计划包括裁减客户经理的职位，并旨在每年削减约 1.2 亿美元的成本。据报道，Julius Baer 的重组包括裁减约 400 个工作岗位，香港和新加坡的团队领导职位将被削减。 阅读更多：瑞士 AMINA 银行取消 USDC 托管费以吸引稳定币持有者