Market Sentiment Shifts as Market Liquidity Contracts

隨著市場流動性收縮，市場情緒會發生變化

Bitcoin's recent attempt to breach the $70,000 threshold has stalled, leading to a notable decline in the cryptocurrency market. Leading tokens such as Dogecoin and XRP have suffered significant losses, with a market index tracking major tokens dropping by nearly 2%.

比特幣最近突破 7 萬美元門檻的嘗試陷入停滯，導致加密貨幣市場顯著下跌。狗狗幣和 XRP 等領先代幣遭受了重大損失，追蹤主要代幣的市場指數下跌了近 2%。

Declining Market Sentiment

市場情緒下滑

This decline suggests a shift in sentiment among investors, who may be adopting a more cautious approach after the recent bull run. Bitcoin exchange-traded funds (ETFs) in the U.S. have experienced outflows, reversing their previous upward trend. This could indicate profit-taking or a waning of investor confidence.

這種下跌表明投資者情緒發生轉變，在最近的牛市之後，他們可能會採取更加謹慎的態度。美國的比特幣交易所交易基金（ETF）出現資金流出，扭轉了先前的上漲趨勢。這可能表示獲利了結或投資者信心減弱。

Stablecoin Liquidity and Market Sentiment

穩定幣流動性和市場情緒

Market sentiment is often linked to stablecoin liquidity, which gauges buying power in the crypto space. Stablecoin volume has remained stagnant in recent days, signaling a slowdown in overall market growth. This indicates a reduction in investor buying interest and contributes to the market-wide cooling.

市場情緒通常與穩定幣流動性相關，穩定幣流動性衡量加密貨幣領域的購買力。最近幾天，穩定幣交易量仍然停滯不前，顯示整體市場成長放緩。這顯示投資者購買興趣下降，導致整個市場降溫。

Binance Delists Altcoins, Impact on Prices

幣安下架山寨幣，對價格的影響

Amidst the market downturn and Bitcoin's struggles, Binance's delisting of eight altcoins has exacerbated the situation. As Bitcoin and other major cryptocurrencies fail to regain momentum, the lack of stablecoin liquidity has impacted the broader market.

在市場低迷、比特幣陷入困境的情況下，幣安下架八種山寨幣更是雪上加霜。由於比特幣和其他主要加密貨幣未能恢復勢頭，穩定幣流動性的缺乏影響了更廣泛的市場。

Bearish Resistance Thwarts Bitcoin's Advance

看跌阻力阻礙比特幣的上漲

Analysts attribute Bitcoin's inability to surpass $70,000 to strong resistance from bears, who bet on lower prices. Senior market analyst Alex Kuptsikevich explains that the market's decline stems from Bitcoin's failure to break through the $70,000 barrier.

分析師將比特幣無法突破 7 萬美元歸因於空頭的強烈抵制，他們押注價格較低。高級市場分析師 Alex Kuptsikevich 解釋說，市場下跌源於比特幣未能突破 7 萬美元大關。

Dogecoin and XRP Hit Hard

狗狗幣和 XRP 遭受重創

Dogecoin and XRP have been among the most affected cryptocurrencies in this market downturn. DOGE, which had enjoyed a rally last week, has now fallen by 5% due to profit-taking. XRP has also declined by 4% despite recent investor attention.

狗狗幣和瑞波幣是此次市場低迷中受影響最嚴重的加密貨幣之一。上週大漲的DOGE目前因獲利了結而下跌5%。儘管最近受到投資者的關注，XRP 也下跌了 4%。

Bitcoin ETFs and Stablecoin Liquidity Trends

比特幣 ETF 和穩定幣流動性趨勢

Outflows from Bitcoin ETFs in the U.S. signal a shift in sentiment. Ark Invest's ARKB fund experienced a record outflow of $134 million, while BlackRock's IBIT ETF saw a $42 million inflow. These conflicting trends indicate short-term fluctuations but suggest ongoing institutional interest in Bitcoin.

美國比特幣 ETF 的資金流出標誌著市場情緒的轉變。 Ark Invest 的 ARKB 基金流出了創紀錄的 1.34 億美元，而 BlackRock 的 IBIT ETF 則流入了 4,200 萬美元。這些相互矛盾的趨勢表明短期波動，但表明機構對比特幣持續感興趣。

Stablecoin liquidity remains a key metric to monitor, as it reflects the market's overall health. An increase in stablecoin volume is often tied to market growth and Bitcoin's price recovery.

穩定幣流動性仍然是一個需要監控的關鍵指標，因為它反映了市場的整體健康。穩定幣交易量的增加通常與市場成長和比特幣價格回升有關。