The cryptocurrency market opened this week under pressure, with Bitcoin experiencing a significant drop. BTC fell 2% in the last 24 hours, triggering a broader market decline affecting major altcoins. What accounts for this downturn, and what does the week ahead hold?

加密貨幣市場本週在壓力下開放，比特幣的下降大幅下降。 在過去的24小時內，BTC下降了2％，引發了影響主要山寨幣的更廣泛的市場下降。 什麼是這一低迷的原因，即將到來的一周有什麼？

A Crypto Market Weakened by Macroeconomic Factors

宏觀經濟因素削弱的加密市場

Bitcoin briefly touched $84,000 on Sunday, a key resistance level potentially signaling a bullish recovery towards $90,000. However, it subsequently fell to around $83,300 on Monday. Other major cryptocurrencies, including XRP, Solana, Cardano, and Dogecoin, also declined by approximately 5%, while BNB showed a slight increase of 3%.

比特幣在周日短暫觸及了84,000美元，關鍵阻力水平可能表明看漲恢復到90,000美元。但是，隨後在周一下跌至83,300美元。 其他主要的加密貨幣，包括XRP，Solana，Cardano和Dogecoin，也下降了約5％，而BNB略有增加3％。

This correction is occurring against a backdrop of escalating US tariffs and deteriorating macroeconomic conditions. Some analysts express concern about a potential US recession and heightened financial market tensions.

這種糾正是在美國關稅升級和惡化宏觀經濟條件的背景下進行的。 一些分析師對潛在的美國經濟衰退和金融市場緊張局勢加劇表示關注。

The recent downturn may also be attributed to significant liquidations by multi-strategy funds employing arbitrage, long/short positions, and leverage.

最近的衰退也可能歸因於使用套利，長/短職位和槓桿作用的多策略基金的重大清算。

Ethereum's Dependence on Bitcoin

以太坊對比特幣的依賴

Ethereum's price remains strongly correlated with Bitcoin's movements. The weak ETH/BTC ratio indicates Ethereum's struggle to establish independent momentum, despite promising technological advancements. Key price levels will be crucial in determining market dynamics in the coming weeks. As Ryan Lee, chief analyst at Bitget, notes:

以太坊的價格與比特幣的動作密切相關。 ETH/BTC的弱比表明，儘管有希望的技術進步，但以太坊建立獨立動量的努力。 關鍵價格水平對於確定未來幾週的市場動態至關重要。 正如Bitget的首席分析師Ryan Lee所指出的那樣：

Ethereum remains tied to bitcoin movements, stuck between $1,800 and $2,300. The Pectra upgrade and the ongoing expansion of Layer 2 provide it with long-term bullish potential, but in the short term, these fundamentals may not be enough to break the resistance at $2,300-$2,500 without bitcoin leading the charge. If market sentiment deteriorates, ETH could slide to $1,800, but ether could approach the top of its range if BTC recovers.

The current market volatility reflects vulnerability to macroeconomic uncertainty and liquidations from multi-strategy funds. While Bitcoin attempts to stabilize, Ethereum's performance remains dependent on Bitcoin's trajectory. The next few days will be critical in determining whether the market rebounds or experiences a deeper correction, given the threats of recession and tariffs.

以太坊仍然與比特幣的運動有關，停留在$ 1,800到2,300美元之間。 Pectra升級和第2層的持續擴展為其提供了長期的看漲潛力，但是在短期內，這些基本原理可能不足以打破2,300-2,500美元的阻力，而沒有比特幣領導費用。如果市場情緒惡化，ETH可能會滑到1,800美元，但是如果BTC恢復，Ether可以接近其範圍的頂部。當前的市場波動反映了宏觀經濟不確定性的脆弱性和來自多層策略基金的清算。 儘管比特幣試圖穩定，但以太坊的性能仍取決於比特幣的軌跡。鑑於經濟衰退和關稅的威脅，接下來的幾天對於確定市場反彈還是更深入的更正至關重要。