Foresight News 消息，Willy Woo 发推表示，将比特币熊市划分为三个阶段对于判断周期很有帮助。第一阶段——熊市开端，此时比特币的流动性已然崩溃（这一情况发生在 2025 年第三季度），价格也随之开始下跌。比特币是一种规模较小的资产，因此对流动性极度敏感。正因如此，它往往领先全球宏观经济步入熊市，通常要早好几个月。换句话说，当聪明资金撤资时，比特币会迅速做出反应。聪明资金也可能从股票市场撤资，但股票市场不会迅速作出反应。在这一阶段，长期极度看涨者会盲目地声称这只是更大牛市中的一次回调，却拿不出任何资金流入的有力证据，只会空谈一些说辞。
第二阶段——此时全球股市转入熊市。由于股市是一个规模高达 100 万亿美元的庞大市场，它就像一艘巨型超级油轮，行动迟缓。这是比特币熊市的中期阶段，此时所有风险资产都在下跌，毫无疑问我们已身处熊市之中。第三阶段——隧道尽头的曙光。在这一阶段流动性开始好转，资金流出达到峰值并开始企稳。投资者正在回流。这一阶段通常会出现最后一次价格暴跌（投降式抛售），要么发生在资金流出峰值之前，要么稍晚于峰值。按照这个熊市框架来看，比特币目前处于第一阶段，且接近第二阶段。
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Articoli correlati
Will Momentum Hold for XRP as Price Defends $1.34 and Challenges $1.42?
XRP was currently trading at $1.37 and has decreased by 3.5 percent per day to day trading, oscillating around a significant level of support at $1.34.
The pivot is the $1.396 level and the higher limit of the current 24-hours is $1.42.
Today’s trading structure has a price that is
CryptoNewsLand5m fa
XRP Clings to $1.41 Support as Traders Eye $1.46 Rebound Amid Descending Trendline Pressure
Even though there has recently been a break-down, XRP is still above one of the critical support levels implying that it might stabilize.
Any upward movement of more than $1.46 would result in fresh buying pressure whereas frequent rejection would maintain price in a state of
CryptoNewsLand56m fa
YGG Approaches Breakout Point as Price Pressures $0.0513 Resistance After 16% Rally
YGG is trading at $0.05073 with a 16.6% increase with a resistance of $0.0513 and 24-day high of $0.0522.
The strong support is at $0.04352, and the recent support at $0.0327 on the weekly chart is a significant structural low.
The long-term range projection is $0.20-$0.30 though price wi
CryptoNewsLand1h fa
Tether Decline Raises Concerns Over Crypto Market Liquidity
The decline in Tether's market cap and muted ETF inflows point to tighter liquidity and weakened Bitcoin momentum. Capital is likely moving out of exchanges, suggesting a cautious market with potential sideways trends ahead.
LiveBTCNews1h fa
Shiba Inu Stabilizes After Key Support Reclaim, Signaling a Potential Rally
Key Insights:
Shiba Inu price shows early signs of stabilization after a key support level reclaim, signaling potential relief.
Oversold conditions are easing, creating a favorable scenario for a short-term recovery rally in Shiba Inu.
Holding above the value area low increases the
CryptoNewsLand1h fa
