Bitcoin's Recent Dip and Its Market Impact

比特币近期的下跌及其市场影响

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，比特币从 71,000 美元的峰值大幅下跌，跌至 68,507 美元，然后回升至略高于 69,000 美元。这一下降是在美国就业形势摘要报告发布后宏观经济不确定的情况下发生的，该报告表明 5 月份就业增长高于预期。

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.

除了比特币下跌之外，以太币在 24 小时内也下跌了 3.58%，而 Solana、Dogecoin 和 Pepe 等山寨币则分别大幅下跌 5.61%、8.70% 和 9.99%。这次市场暴跌导致空头和多头头寸清算 4.0951 亿美元，其中 5671 万美元是比特币多头头寸。

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，就在这次下跌的前两天，比特币的交易价格在 70,000 美元至 71,662 美元之间，这促使交易者乐观地认为比特币可能会触及 73,679 美元的历史高点。

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.

交易员目前押注比特币的价格可能不会迅速反弹。如果比特币回到 71,000 美元，则 13.8 亿美元的多头头寸将被清算，表明期货交易者预计价格将进一步下跌。

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).

投资者质疑，尽管比特币交易所交易基金（ETF）连续 19 天有资金流入，但比特币的价格为何没有超过 3 月份的历史高点。

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."

分析师强调，影响比特币价格的因素有多种，而 ETF 本身并不能推动其走势。 Capriole Investments 创始人 Charles Edwards 指出：“ETF 流量非常棒，但还不足以超过整个生态系统的抛售。”加密货币交易员 Christopher Inks 也表示，“市场由现货、期货、ETF 和期权组成。”