Bitcoin's Recent Dip and Its Market Impact

比特幣近期的下跌及其市場影響

On June 6, Bitcoin experienced a sharp decline from its peak of $71,000, dipping to $68,507 before recovering slightly above $69,000. This decline occurred amidst macroeconomic uncertainty following the release of the United States Employment Situation Summary Report, which indicated higher-than-expected job growth in May.

6 月 6 日，比特幣從 71,000 美元的峰值大幅下跌，跌至 68,507 美元，然後回升至略高於 69,000 美元。這一下降是在美國就業情勢摘要報告發布後宏觀經濟不確定的情況下發生的，該報告表明 5 月就業成長高於預期。

In addition to Bitcoin's drop, Ether also declined by 3.58% over 24 hours, while altcoins like Solana, Dogecoin, and Pepe suffered significant declines of 5.61%, 8.70%, and 9.99%, respectively. This market plunge resulted in a $409.51 million liquidation of both short and long positions, with $56.71 million being long positions in Bitcoin.

除了比特幣下跌之外，以太幣在 24 小時內也下跌了 3.58%，而 Solana、Dogecoin 和 Pepe 等山寨幣則分別大幅下跌 5.61%、8.70% 和 9.99%。這次市場暴跌導致空頭和多頭部位清算 4.0951 億美元，其中 5,671 萬美元是比特幣多頭部位。

However, just two days prior to this decline, Bitcoin was trading between $70,000 and $71,662, prompting optimism among traders that it might approach its all-time high of $73,679.

然而，就在這次下跌的前兩天，比特幣的交易價格在 70,000 美元至 71,662 美元之間，這促使交易者樂觀地認為比特幣可能會觸及 73,679 美元的歷史高點。

Traders are currently betting that Bitcoin's price may not rebound quickly. If Bitcoin returns to $71,000, $1.38 billion in long positions will be liquidated, indicating that futures traders anticipate further price declines.

交易員目前押注比特幣的價格可能不會迅速反彈。如果比特幣回到 71,000 美元，則 13.8 億美元的多頭頭寸將被清算，表明期貨交易者預計價格將進一步下跌。

This comes amid investor questions about why Bitcoin's price has not exceeded its March all-time highs, despite a 19-day streak of positive inflows into Bitcoin exchange-traded funds (ETFs).

投資者質疑，儘管比特幣交易所交易基金（ETF）連續 19 天有資金流入，但比特幣的價格為何沒有超過 3 月的歷史高點。

Analysts have emphasized that multiple factors influence Bitcoin's price, and that ETFs alone do not drive its movement. Capriole Investments founder Charles Edwards noted, "ETF flows are fantastic, but they are not strong enough to exceed the entire ecosystem selling (yet)." Crypto trader Christopher Inks also stated, "The market is made up of spot, futures, ETFs, and options."

分析師強調，影響比特幣價格的因素有很多，而 ETF 本身並不能推動其趨勢。 Capriole Investments 創辦人 Charles Edwards 指出：“ETF 流量非常棒，但還不足以超過整個生態系統的拋售。”加密貨幣交易員 Christopher Inks 也表示，“市場由現貨、期貨、ETF 和選擇權組成。”