Bitcoin and altcoins face continued short-term risk due to prevailing macroeconomic and global uncertainties, according to Santiment.

根据Santiment的说法，由于宏观经济和全球不确定性，比特币和山寨币面临持续的短期风险。

A March 11th Santiment report highlights significant selling pressure from large Bitcoin (BTC) holders, driving prices downward for seven consecutive weeks. Bitcoin's price has fallen from its all-time high of approximately $109,000 on January 19th to a low of $78,000. Santiment attributes this decline to profit-taking by key stakeholders.

3月11日的一份报告强调了大型比特币（BTC）持有人的巨大销售压力，连续七个星期推动了价格。 比特币的价格从1月19日的历史最高高点降至78,000美元的低点。 Santiment将这种下降归因于主要利益相关者的利润。

The report notes: “[... ] when key stakeholders finally began to take profit on February 19, 2025, prices immediately began to see much steeper drop-offs. It is especially interesting to see that prices have continued to plummet (falling back to a low of $78K today) even after these high capital BTC wallets began to buy back in one week ago on March 3, 2025.”

报告指出：“ [...]主要利益相关者最终于2025年2月19日开始获利时，价格立即开始看到更陡峭的下降。即使在这些高资本BTC钱包开始在2025年3月3日的一周前开始回购后，价格仍在继续下降（今天低于今天的7.8万美元），这一点尤其有趣。”

Social media mentions suggest a public expectation of Bitcoin prices falling to the $69,000-$50,000 range, as these mentions have increased alongside the price decline. Altcoins have experienced even steeper losses than Bitcoin, with Ethereum (ETH) down 29%, Solana (SOL) down 40%, and Dogecoin (DOGE) down 38% over the past 30 days.

社交媒体提到，公众对比特币价格的期望下降到69,000美元至50,000美元，因为这些提及随着价格下跌而增加。 与比特币相比，AltCoins的损失甚至更陡峭，以太坊（ETH）下跌了29％，Solana（Sol）下跌40％，而Dogecoin（Doge）在过去30天中下跌了38％。

Despite the current downturn, Santiment observes signs of renewed accumulation by long-term holders. The analysts suggest a potential market recovery could be triggered by increased buying from major Bitcoin holders, widespread trader losses, and a heightened sense of fear and uncertainty reflected on social media.

尽管目前经济低迷，但Santiment观察到了长期持有人不断积累的迹象。 分析师认为，可以通过从主要的比特币持有人，广泛的交易者损失以及在社交媒体上反映出的恐惧感和不确定性的增强感引发潜在的市场回收。