Bitcoin and Ethereum Dip Amid Inflation Concerns

比特币和以太坊因通胀担忧而下跌

On Wednesday, Bitcoin (BTC), the world's leading cryptocurrency, retreated to the $96,000 range. This represents a notable 15% drop from its all-time high of $108,000, achieved in December 2024. Other altcoins also experienced price corrections, with the overall Market Fear & Greed Index hovering at 54 out of 100 (Neutral) according to CoinMarketCap data.

周三，全球领先的加密货币比特币（BTC）回落至 96,000 美元区间。这比 2024 年 12 月创下的 108,000 美元的历史高点显着下降了 15%。根据 CoinMarketCap 数据，其他山寨币也经历了价格调整，总体市场恐惧和贪婪指数徘徊在 54 分（满分 100 分）（中性）。

Crypto Market Reacts to Inflation

加密货币市场对通货膨胀的反应

Ether's price plummeted 7% in the past 24 hours, trading at $3,355. Dogecoin (DOGE) and Avalanche (AVAX) also witnessed declines exceeding 10% in the same period. These developments align with broader market reactions to the US Job Openings and Labor Turnover Survey (JOLTS) data.

以太坊价格在过去 24 小时内暴跌 7%，交易价格为 3,355 美元。狗狗币 (DOGE) 和雪崩 (AVAX) 同期跌幅也超过 10%。这些进展与更广泛的市场对美国职位空缺和劳动力流动调查 (JOLTS) 数据的反应一致。

CoinGlass reports indicate that the sudden price drop triggered a significant liquidation of around $300 million in long positions across derivatives markets. This substantial leverage flush, the first of its kind in 2025, caught investors off guard, contributing to the downturn in crypto markets. The decline is part of a wider asset devaluation trend, including stocks, driven by concerns over persistent inflation.

CoinGlass 报告显示，价格突然下跌引发了衍生品市场上约 3 亿美元多头头寸的大幅清算。这种大规模的杠杆冲刺是 2025 年的首次，让投资者措手不及，导致了加密货币市场的低迷。此次下跌是由对持续通胀的担忧推动的更广泛资产贬值趋势的一部分，其中包括股票。

US stock indices declined, with the Nasdaq dropping over 1% and the S&P 500 losing 0.4% in late morning trading, as indicated by ISM data.

ISM 数据显示，早盘交易中，美国股指下跌，纳斯达克指数下跌超过 1%，标准普尔 500 指数下跌 0.4%。

Market Sentiment Remains Positive

市场情绪依然乐观

Despite recent price declines, market sentiment remains predominantly optimistic. Analysts anticipate that Ethereum's price could reach unprecedented heights, with some forecasts suggesting it may hit $12,000 by the end of 2025.

尽管近期价格下跌，但市场情绪依然乐观。分析师预计以太坊的价格可能会达到前所未有的高度，一些预测表明到 2025 年底可能会达到 12,000 美元。

The realization of Ethereum's potential hinges on two key factors: the successful deployment of its upcoming Pectra upgrade and favorable regulatory conditions, notably under the presidency of Donald Trump.

以太坊潜力的实现取决于两个关键因素：即将到来的 Pectra 升级的成功部署和有利的监管条件，特别是在唐纳德·特朗普担任总统期间。

Long-term holders' confidence in Ethereum has surged, with the percentage of investors holding their tokens for over a year growing from 59% in January 2024 to 75% by December 2024. This contrasts with Bitcoin, which has experienced a decline in long-term holders during the same period, reflecting increased optimism regarding Ethereum's prospects.

长期持有者对以太坊的信心大幅上升，持有其代币超过一年的投资者比例从 2024 年 1 月的 59% 增长到 2024 年 12 月的 75%。这与比特币形成鲜明对比，比特币的长期持有量有所下降。同期持有者数量增加，反映出人们对以太坊前景的乐观情绪增加。

While some experts remain conservative, predicting price ranges between $5,418.74 and $6,224.22, Fidelity Digital Assets' researchers assure investors that it's not too late to embrace the digital asset revolution. They describe the current phase as the "dawn of a new era" that will likely extend for years, if not decades.

虽然一些专家仍然保守，预测价格范围在 5,418.74 美元到 6,224.22 美元之间，但富达数字资产的研究人员向投资者保证，现在拥抱数字资产革命还为时不晚。他们将当前阶段描述为“新时代的黎明”，这个阶段可能会持续数年，甚至数十年。