Bitcoin Market Declines Despite Saturday Recovery

尽管周六复苏，比特币市场仍下跌

On Sunday, bears reversed Saturday's recovery in the Bitcoin market, sending altcoins back into a downtrend. The supply of Bitcoin increased, leading to a drop in the early hours of Asian trading on Monday.

周日，空头逆转了比特币市场周六的复苏，使山寨币重新陷入下跌趋势。比特币供应量增加，导致周一亚洲交易早盘下跌。

Bitcoin Performance

比特币表现

Bitcoin is currently trading at $55,269, with an intraday loss of 1.30% and a low of $54,296. The bearish sentiment has led to long liquidations, with major cryptocurrencies falling by 5% or more.

比特币目前交易价格为 55,269 美元，盘中跌幅为 1.30%，最低至 54,296 美元。看跌情绪导致多头清算，主要加密货币下跌 5% 或更多。

Altcoin Performance

山寨币表现

Ethereum, Solana, and Toncoin have declined by 5.25%, 7.23%, and 5.45%, respectively. Meme coins have been hit particularly hard, with DOGE, SHIB, and PEPE dropping by 8.08%, 7.64%, and 12.84%, respectively.

以太坊、Solana 和 Toncoin 分别下跌 5.25%、7.23% 和 5.45%。 Meme 币受到的打击尤其严重，DOGE、SHIB 和 PEPE 分别下跌 8.08%、7.64% 和 12.84%。

Bitcoin Price Analysis

比特币价格分析

Bitcoin's decline continues, with the price falling below $56,000. This has created a bearish engulfing candle on the daily chart, signaling a bearish trend. Long liquidations have added to the negative sentiment.

比特币继续下跌，价格跌破 56,000 美元。这在日线图上形成了一根看跌吞没蜡烛，预示着看跌趋势。长期清算加剧了负面情绪。

Bitcoin Hashrate Drawdown

比特币算力下降

The Bitcoin network's hashrate drawdown has reached levels last seen in December 2022. Historically, such drawdowns have coincided with major price movements. However, the current price action suggests otherwise, as the BTC price has fallen below $56,000.

比特币网络的算力下降已达到 2022 年 12 月最后一次出现的水平。从历史上看，这种下降与重大价格变动同时发生。然而，当前的价格走势表明情况并非如此，因为 BTC 价格已跌破 56,000 美元。

Mt. Gox Payout

Mt. Gox 支付

The payout scheme from the collapse of the Mt. Gox exchange in 2014 has raised concerns about a massive supply dump. Creditors will receive Bitcoin (BTC) or Bitcoin Cash (BCH) within the next 2 weeks or 3 months. This could potentially cause market instability.

2014 年 Mt. Gox 交易所倒闭的支付计划引发了人们对大规模供应抛售的担忧。债权人将在未来 2 周或 3 个月内收到比特币 (BTC) 或比特币现金 (BCH)。这可能会导致市场不稳定。

Bitcoin Outlook

比特币展望

The ongoing market uncertainty is likely to result in continued bearish momentum this week. Bitcoin may seek support at $52,000, and a potential death cross between the 50D and 200D EMA could further extend the decline. Altcoins are also expected to experience significant selloffs and liquidations.

持续的市场不确定性可能会导致本周持续看跌势头。比特币可能会在 52,000 美元处寻求支撑，50 日和 200 日均线之间潜在的死亡交叉可能​​会进一步扩大跌势。山寨币预计也将经历大幅抛售和清算。