The Bitcoin price took a downside turn over the weekend and seems ready to re-test critical support levels. The downside price action was triggered by a spike in selling pressure following the approval of Bitcoin spot Exchange Traded Funds (ETFs) in the US.

比特幣價格在周末出現下跌，似乎準備重新測試關鍵支撐位。比特幣現貨交易所交易基金（ETF）在美國獲得批准後，拋售壓力激增引發了價格下行走勢。

相關閱讀：隨著比特幣價格繼續受到壓制，比特幣鯨魚進行大規模拋售

As of this writing, the Bitcoin price trades at $40,900 with a 2% loss in the past 24 hours. Over the last week, these losses doubled, with other assets in the crypto top 10 by market underperforming, except for Dogecoin (DOGE), which still records a 4% profit in the same period.

截至撰寫本文時，比特幣價格交易價格為 40,900 美元，過去 24 小時內下跌了 2%。上週，這些損失翻了一番，市場排名前 10 名的加密資產中的其他資產表現不佳，但狗狗幣 (DOGE) 除外，該資產同期仍錄得 4% 的利潤。

比特幣的價格在日線圖上呈現上漲趨勢。來源：Tradingview 上的 BTCUSDT

Bitcoin Price Loses Steam, How Low Can BTC Go?

比特幣價格失去動力，比特幣能跌到多低？

Via the social media platform X, the founder and former CEO of crypto exchange BitMEX, Arthur Hayes, shared a forecast for the Bitcoin price. According to Hayes, BTC seems poised to lose its current levels.

加密貨幣交易所 BitMEX 創辦人兼前執行長 Arthur Hayes 透過社群媒體平台 X 分享了對比特幣價格的預測。海耶斯表示，比特幣似乎即將失去目前的水準。

The crypto founder and trader claims that the low timeframe price action will likely push Bitcoin below $40,000 and potentially below $35,000 if bulls fail to defend the higher area around these levels.

這位加密貨幣創始人兼交易員聲稱，如果多頭未能守住這些水平附近的較高區域，那麼低時間範圍內的價格走勢可能會將比特幣推至 40,000 美元以下，甚至可能低於 35,000 美元。

The main issue regarding the current market structure rests upon the liquidity in the Bitcoin market. As seen in the chart below and as pointed out by Hayes, the liquidity in the BTC market has been trending to the downside since the Bitcoin spot ETF was approved.

當前市場結構的主要問題在於比特幣市場的流動性。如下圖所示，正如 Hayes 指出的，自比特幣現貨 ETF 獲準以來，比特幣市場的流動性一直呈現下降趨勢。

As a result, and due to the constant selling pressure from the Grayscale Bitcoin Trust (GBTC), the market has been trending to the downside and could maintain this course until the next major macroeconomic event.

因此，由於灰階比特幣信託基金（GBTC）持續的拋售壓力，市場一直呈現下行趨勢，並可能維持這種趨勢，直到下一次重大宏觀經濟事件發生。

On the above, the BitMEX founder stated:

對此，BitMEX 創辦人表示：

Why has $SPX and $BTC stopped moving up together post US BTC ETF launch? Both are love more $ liq, which one is right about the future? $BTC is telling us that there are hiccups ahead for $ liq, next signpost is 31st Jan US Treasury refunding annc (announcement).

為什麼在美國 BTC ETF 推出後，$SPX 和 $BTC 不再一起上漲？兩個都更愛$ liq，對於未來，哪一個是正確的？ $BTC 告訴我們，美元流動性將出現問題，下一個路標是 1 月 31 日美國財政部退款公告（公告）。

比特幣市場流動性下降，影響了價格走勢。資料來源：X 上的 Arthur Hayes

If Bitcoin Goes South, What Levels Could Hold The Line?

如果比特幣下跌，什麼水準可以支撐住？

A pseudonym crypto analyst showed a cluster of buying orders stacked from the $38,819 to the $40,000 levels in a separate report. In other words, these levels should present opposition and seem like BTC’s biggest opportunity to bounce back, at least on low timeframes.

一位化名的加密貨幣分析師在另一份報告中展示了一組從 38,819 美元到 40,000 美元水平的買入訂單。換句話說，這些水平應該會帶來阻力，而且似乎是 BTC 反彈的最大機會，至少在較短的時間範圍內是如此。

相關閱讀：比特幣價格變紅，為何 BTC 可能跌破 4 萬美元

In that sense, the analyst stated the following, anticipating a possible short-term recovery, and showing the image below:

從這個意義上說，分析師做出了以下表述，預計可能會出現短期復甦，並顯示了下圖：

Some big zones starting to build up around 41K & 42K. Pretty certain we’ll at least take out that top part somewhere next week. Will see if price sustains after that.

一些大區域開始在 41K 和 42K 左右建立。很肯定我們至少會在下週的某個地方取出頂部的部分。之後看價格能否維持。

BTC 圖表顯示了一系列買入流動性在 38,800 美元至 40,000 美元之間。來源：X 上的 DaanCrypto

Cover image from Unsplash, chart from Tradingview

封面圖片來自 Unsplash，圖表來自 Tradingview

免責聲明：本文僅供教育目的。不代表NewsBTC是否購買、出售或持有任何投資的意見，投資自然有風險。建議您在做出任何投資決定之前進行自己的研究。使用本網站提供的資訊的風險完全由您自行承擔。

標籤: Arthur Hayes比特幣比特幣價格比特幣價格圖表btcbtc價格BTC價格預測BTCUSDT