特朗普贸易战期间，以太币 ETF 的周流入量是 BTC 的两倍

孙宇晨创立的加密货币项目 Tron 较 2024 年的最高水平下跌了 40% 以上，目前仍处于熊市中。 周五，Tron（TRX）价格跌至 0.2290 美元，但几个基本因素和技术因素表明其最终会反弹。 TokenTerminal 数据显示，Tron 现在是加密行业仅次于 Tether 的第二大费用收入者。今年到目前为止，它已经产生了 3.3 亿美元的费用，而 Tether 的费用为 4.3 亿美元。 Tron 的费用超过了以太坊 (ETH)，以太坊今年创造了 1.72 亿美元的收入，而 Solana (SOL) 创造了 2.78 亿美元的收入。 这一增长主要得益于 Tron 在稳定币市场的不断扩大。其稳定币市值已飙升至 610 亿美元以上，而仅周四的转账量就达到约 1000 亿美元。Tron 上的 USDT 持有者数量也持续增长，已超过 6040 万。 Tron 产生的部分费用通过质押分配给网络验证者和持有者。根据 StakingRewards 的数据，Tron 的质押收益率为 4.5%，高于以太坊的 3.12% 和 Sui 的 2.54%。 你可能还喜欢：Berachain 主网在 Bitget 钱包上线，并提供空投奖励 此外，Tron 的网络活动一直在增加。周四，交易量超过 700 万笔，高于一周前的 540 万笔。这一增长使累计交易量超过 95.6 亿笔。 Tron 价格楔形指向强劲反弹 Tron 价格图表 | 来源：crypto.news 周线图显示，自 12 月以来，TRX 一直形成低点和高点不断走低的格局。此次回调形成了下降楔形形态，其中有两条趋势线汇聚在一起。从历史上看，当价格接近汇聚点时，下降楔形预示着潜在的突破。 Tron 还在 200 日指数移动平均线处获得支撑，本月未能跌破该水平。这表明空头不愿压低价格。

特朗普的最新关税已经出台，加密货币市场正在崩溃。这次经济冲击是否会让比特币再次陷入自由落体，还是最糟糕的时期已经过去了？ Table of ContentsTrump doubles down on tariffsHow trade tariffs could set off a chain reaction in crypto散户和机构投资者如何应对加密货币将走向何方？ 特朗普加倍征收关税 全球金融市场再次陷入动荡，美国总统唐纳德特朗普的最新关税声明给股票、大宗商品和加密货币带来了冲击。 2 月 27 日，美国总统宣布对中国商品征收 10% 的新关税（在现有的 10% 关税基础上），同时还将对来自加拿大和墨西哥的进口产品征收 25% 的关税。投资者迅速作出反应，这些措施加剧了市场的不确定性，令投资者陷入恐慌。 The crypto market, already under stress, has experienced a sharp decline. As of Feb. 28, the total market cap has dropped over 8% in the last 24 hours, now sitting at $2.64 trillion—down more than 25% from its $3.52 trillion peak at the start of the month. Total crypto market cap chart | Source: TradingView Bitcoin (BTC), the market leader, has also suffered one of its steepest drops in months, plunging nearly 8% to trade around $80,000. At its lowest point, BTC touched $78,200 before staging a modest recovery. BTC 6-months price chart | Source: crypto.news 山寨币的表现更糟，由于交易员纷纷套现，许多山寨币都出现了两位数的损失。例如，以太坊 (ETH) 已下跌近 10%，目前徘徊在 2,150 美元左右。 此次大幅下跌是继 2 月 3 日的关税恐慌浪潮之后发生的，当时的恐慌引发了类似的抛售。不过，外交谈判暂时缓解了市场压力。 墨西哥总统克劳迪娅·辛鲍姆确保暂停这些措施 30 天，以便继续进行边境安全谈判，特别是关于美国对毒品贩运的担忧。 加拿大总理贾斯汀·特鲁多随后也采取了同样的举措。特朗普很快确认，由于两国都在努力解决这些问题，关税将推迟实施。 但这种宽慰是短暂的。特朗普在“真相社会”上的最新言论表明他仍然不满意，指责墨西哥和加拿大未能遏制芬太尼流入美国。 With the Mar. 4 deadline fast approaching, tensions are once again at a boiling point, and the tariff pause may soon be lifted. For the crypto market, this comes at an especially fragile moment. Unlike in previous cycles, where Bitcoin and other digital assets traded largely in isolation from traditional markets, the past year has seen a growing correlation with broader macroeconomic forces.  What happens next? If these tariffs are implemented, how deep could the next market shock run? And with the crypto market already on edge, could we see another major shake-up in the coming days? Let’s break it down. 贸易关税如何引发加密货币的连锁反应 贸易战很少是孤立事件。它们会波及整个金融市场，改变流动性，重塑通胀预期，并迫使各国央行重新调整政策。 如果特朗普继续对墨西哥和加拿大征收关税，同时对中国征收 10% 的额外关税，其结果可能会引发全面的通胀冲击，使美联储陷入困境，并可能加剧加密货币市场的抛售。 核心问题是关税相当于对进口商品征税。当企业面临外国产品成本上涨时，他们不会吸收损失——而是将其转嫁给消费者。这导致从电子产品到食品等日常用品价格飙升，加剧通货膨胀。 美国通胀率已高于美联储2%的目标，1月份徘徊在3%左右，额外关税的出台可能会使通胀率进一步上升，迫使美联储重新考虑降息立场。 Here’s where the crypto market comes into play. Bitcoin and digital assets have historically thrived in low-rate environments when excess liquidity drives speculative investments. Increased inflation or dried-up liquidity could trigger market shocks.  Moreover, since mid-2023, Bitcoin has been trading more like a risk asset than an inflation hedge, with its correlation to the Nasdaq 100 and S&P 500 reaching record highs.  When stock markets tumble during periods of uncertainty, the cascading effects could dampen crypto momentum. 随着贸易关税导致通胀上升以及美联储选择加息，交易员纷纷涌向美元，流动性可能进一步收紧。 美元通常被视为“风险最小的资产”，近期美元兑加元升至2003年以来的最高水平，反映出资本逃离投机资产的普遍趋势。 我们已经看到了流动性枯竭时的预兆。2 月份的闪电崩盘在短短 60 小时内就抹去了近 7600 亿美元，比特币与其他风险资产同步暴跌。 如果贸易紧张局势引发另一层通胀压力，我们可能会看到类似的情况发生，投资者纷纷涌向安全的美元、黄金和其他防御性资产，而比特币则可能再次大幅下跌。 散户和机构投资者如何应对 The market’s reaction to tariffs wouldn’t just hinge on inflation; it would also be driven by sentiment and positioning. Right now, Bitcoin ETFs play a crucial role in capital flows within the crypto market, and their behavior indicates that investors are already on edge. 自特朗普当选以来，比特币 ETF 的资金流入量创下了历史新高，仅 48 小时内就流入了 20 亿美元。但这种势头已经发生了变化。 截至 2 月 27 日，资金流出已连续八个交易日占据主导地位，总额达 30 亿美元，其中 2 月 25 日单日流出金额达 10 亿美元，创历史新高。 这种模式表明，占市场很大一部分的散户交易者正在成群结队，在波动性飙升时集体退出。这里的危险在于，关税可能会引发新的恐慌。 如果通胀上升，且美联储暗示将推迟降息，我们可能会看到更深的 ETF 资金外流，从而在市场中形成“空洞”，导致比特币价格出现突然和极端的波动。 与此同时，一直通过 ETF 增加比特币投资的机构投资者可能开始重新考虑他们的配置。 Hedge funds and asset managers entered the crypto space expecting long-term gains, but they remain sensitive to macroeconomic conditions.  If the cost of capital stays high due to prolonged Fed tightening, risk-adjusted returns for Bitcoin may start looking less attractive compared to other investments. Hence, a sustained shift in institutional sentiment could accelerate Bitcoin’s decline, reinforcing a cycle of volatility. Moreover, what’s different this time is the scale of the crypto market. During the last major trade war between the U.S. and China in 2018, the total crypto market was valued at around $300 billion.  如今，其价值已超过当时的十倍，机构参与度和全球金融流动程度也大大提升。这意味着任何宏观驱动的冲击——无论是关税、通胀飙升还是加息——都有可能引发比以往更广泛的混乱。 加密货币将走向何方？ 加密货币市场正处于十字路口，陷入短期恐慌和长期定位之间。随着比特币从高点暴跌 26%，恐惧和贪婪指数达到卢纳崩盘期间的水平，市场情绪极度悲观。 分析师们意见不一，但他们的评估都有一个共同点：本轮经济衰退可能不会持续太久。 例如，亚瑟·海耶斯预测，未来将出现另一次大幅下跌。他警告称，市场正在创下新低，在稳定之前可能会出现“又一次跌破 8 万美元的猛烈波动”。 We are making lower lows in this current wave. I was tempted to add risk this morning, but looking at this price action I think we have one more violent wave down below $80k, most likely over the weekend, then crickets for a while. Hold on to your butts! pic.twitter.com/e6nshZejAb— Arthur Hayes (@CryptoHayes) 2025 年 2 月 28 日 不过，他也暗示接下来将会出现一段较为平静的时期，这意味着一旦这场震荡结束，市场可能会进入一个相对平静的阶段。 Global Macro Investor 宏观研究主管 Julien Bittel 采取了更结构化的方法。他认为，包括比特币下跌在内的整个市场低迷都是去年年底金融环境收紧的直接后果。 目前市场上有很多噪音——到处都有相互矛盾的说法。但现实情况是这样的 — — 或者至少是我对实际情况的看法是这样的：Everything happening in markets right now, especially in crypto, is a direct consequence of the tightening of financial… pic.twitter.com/iLPqiyw3LX— Julien Bittel, CFA (@BittelJulien) February 28, 2025 Yet, Bittel sees this cycle already reversing. “Financial conditions have been easing rapidly over the past two months,” he points out, citing falling bond yields, a weaker dollar, and lower oil prices as early signs that the tide is turning.  目前比特币的 RSI 为 23（自 2023 年 8 月以来的最大超卖水平），Bittel 建议那些仍然倾向于看跌的人“不要太放心”。 技术分析师也发现了潜在的拐点。Edward Morra 指出，比特币即将完成去年 CME 的一个关键突破缺口。 $BTC我们几乎填补了去年 CME 的突破空白。我知道市场看起来绝对崩溃了，但这实际上是个好消息，我们现在有一个缺口需要填补（约 93,000 美元），所以我认为反弹相当接近。Remember, gaps are not 100% hit rate but v high (9/10 gaps fill). pic.twitter.com/qBdM7iGxJN— Edward Morra (@edwardmorra_btc) February 28, 2025 While the market “looks absolutely wrecked,” he argues that this is actually setting up for a strong bounce. According to Morra’s data, nearly 90% of these gaps eventually get filled, which would suggest a move back toward the $93,000 range. Meanwhile, Michaël van de Poppe focuses on sentiment, pointing out that fear has reached extreme levels at a time when the U.S. government is more pro-crypto than ever.  #Bitcoin is down 25%.#Crypto 恐惧与贪婪指数达到 10。恐惧和贪婪指数与月球崩塌期间一样低。美国政府大力支持加密货币。我想说这种情况将在未来 1-2 周内迅速逆转，并且底部即将出现。— Michaël van de Poppe (@CryptoMichNL) 2025 年 2 月 27 日 “I would say this is going to reverse quickly,” he predicts, estimating that the bottom is likely just “one to two weeks away.” While the market may be oversold, that doesn’t mean it can’t go lower. Though some signs point to a potential bounce, the broader picture remains uncertain.  If liquidity continues to improve and inflation stays under control, a recovery could be on the horizon. However, if macro conditions worsen, this could be just another stop on the way down. For now, traders should remain cautious. Fear may be a contrarian signal, but blindly assuming a reversal could be just as risky. The golden rule remains: trade wisely and never invest more than you can afford to lose.

Bitcoin surged above $103,000, causing a wave of forced exits that resulted in the liquidation of over $900 million in the last 24 hours. This represents a 200% increase in liquidations over the previous day, according to Coinglass data. Bitcoin (BTC) shorts accounted for $321 million in liquidations. At the same time, open interest increased by 5% to $133 billion, indicating that new leveraged bets are entering the market.The average crypto relative strength index has also risen to 70, signaling overbought conditions. The spike in liquidations followed a rapid market rebound. With risk-on sentiment returning to international markets, the total value of the crypto market reached $3.3 trillion, its highest level since early March. Bitcoin reached a peak of $103,460 during Friday’s Asian trading hours, up more than 6% in the past day. Ethereum (ETH) led the altcoin surge, climbing over 20% to reclaim $2,200 for the first time in two months, while Solana (SOL) and XRP (XRP) gained 8% and 5%, respectively. A tentative U.S.-U.K. trade agreement that President Donald Trump hinted at on May 8 sparked the rally and gave international markets new hope. This is the case even though the Federal Reserve did not change interest rates on Wednesday, May 6. But according to the CME FedWatch tool, markets are pricing in a 70% chance of a rate cut by July and a 95% chance of at least one cut by October. You might also like:What tariff shock? Bitcoin surges past $100k as market recovery continues On-chain data also shows that Bitcoin investors are becoming more confident. Bitcoin’s Realized Cap reached a new all-time high of $890.7 billion, its third consecutive weekly record, according to a May 8 post on X by CryptoQuant contributor Carmelo Alemán. Bitcoin Breaks Realized Cap All-Time High for the Third Consecutive Week“This pattern reflects growing confidence among both Long-Term Holders and Short-Term Holders, who are strengthening their positions as the market shows signs of recovery.” – By @oro_crypto pic.twitter.com/rQoWq1zqHy— CryptoQuant.com (@cryptoquant_com) May 8, 2025 This measure, which reflects the total amount of capital invested in Bitcoin based on its most recent price movement, points to a sustained accumulation trend by both short- and long-term holders. While sentiment remains bullish, some caution is warranted. Santiment reported that Bitcoin’s break above the $100K “psychological level” is drawing significant retail attention. However, the firm warned that excessive bullish sentiment can often mark local tops. 🥳 Cryptocurrency has continued its rally, with Bitcoin breaching the all-important $100K psychological resistance for the first time since Feb. 3rd. Sentiment is quite bullish at the moment, which can be a double-edged sword for upcoming price movement from here.On one hand,… pic.twitter.com/iGcLsY1cxN— Santiment (@santimentfeed) May 8, 2025 Meanwhile, Real Vision’s CEO Raoul Pal noted that BTC dominance might have peaked, citing DeMark indicators. If accurate, this might signal the beginning of what he refers to as the “Banana Zone,” a period of outsized gains in altcoins. Crypto markets might be preparing for their next major upward leg if the current momentum continues. Read more:Ethereum rallies 20% as ETH reaches its most undervalued level relative to BTC since 2019

在经历了长达一个月的下跌趋势和一周的间歇性飙升的盘整之后，Pepe Coin 显示出潜在反弹的迹象。 根据技术和链上加密分析师 Ali Martinez 最近发布的 X 帖子，Pepe Coin（PEPE）可能即将复苏，因为 TD Sequential 指标在其周线图上显示买入信号。 随着 TD Sequential 指标在周线图上发出买入信号，$PEPE 显示出潜在反弹的迹象。pic.twitter.com/zlV9yAeFyx— Ali (@ali_charts) 2025 年 2 月 12 日 除了 TD Sequential 指标发出买入信号外，PEPE 还显示出其他可能反弹的迹象。过去 24 小时内，其市值上涨约 2%，至 41.2 亿美元，表明投资者兴趣重燃。此外，24 小时交易量激增 21.67%，达到 9.7599 亿美元，表明交易员正在进入市场。 你可能还喜欢：Memecoin 涨势消退，但 GMCI meme 指数仍超过 BTC 和 ETH 其他分析师也暗示 PEPE 可能会反弹。CryptoELITES 最近分享了一张图表，强调 PEPE 的价格正在上升通道内移动，遵循抛物线轨迹。在最近的回调之后，它似乎在 0.786 斐波那契回撤位找到了支撑，价格为 0.00008392 USDT。这表明上涨势头可能持续。分析师设定的短期目标是价格上涨 8 倍。 短期目标：8X$Pepe #Pepe #Memecoin pic.twitter.com/nlSWBtJNWJ— @CryptoELlTES (@CryptooELITES) 2025 年 2 月 11 日 由于 PEPE 似乎正准备迎接价格的大幅上涨，值得注意的是，根据 Etherscan 的数据，目前前 10 个钱包控制着总供应量的 37%。最大的钱包就拥有 13% 的供应量。这表明了一定程度的中心化，即一小部分持有者对代币市场具有重大影响力。 来源：Etherscan 你可能还喜欢：

如果该提案成为法律，斯洛文尼亚当局计划在 2026 年实施针对个人加密货币利润的 25% 税收提案。 4 月 17 日，斯洛文尼亚财政部提交了一项提案，寻求对加密资产征收 25% 的资本利得税，以供公众讨论和反馈。 该法案旨在使该国的加密货币税收与现有税法保持一致，这将使那些从比特币（BTC）等加密资产处置中获利的人纳税。 据彭博法律报道，斯洛文尼亚的税收制度存在漏洞，导致居民因与加密货币交易相关的商业收入而被征税。这项新的加密货币税法案将取消加密货币买卖者享有的免税待遇。 您可能还喜欢：白俄罗斯央行行长表示，白俄罗斯将于 2026 年底全面推出 CBDC 斯洛文尼亚当局在提案中澄清，“处置加密资产”是指将加密资产兑换成法定货币，或将这些代币转让给商品或服务。 它也记录了向其他人的转账。但是，这并不包括加密货币之间的转账，也不包括转账到自己的钱包。 除了对加密资产个人收益征税的提案外，斯洛文尼亚政府还发布了税法修正案，以涵盖衍生金融工具。 财政部表示：“通过这项提议，我们的目标是协调相同或类似金融工具的收入征税，并确保纳税人得到明确的监管，并尽可能减少行政负担。” 公众可以在 2025 年 5 月 5 日之前提交意见。如果议会继续通过该法案，它将于 2026 年 1 月 1 日生效。当局估计，新措施将带来 250 万至 2500 万欧元的税收收入。 您可能还喜欢：日本首相称加密货币“极其重要”，2025 年加密货币税审查即将出台