Bitcoin Nears $55,000 As Experts Warn Of Market Peak: Potential Drop Below $50K 'Inevitable'
Bitcoin Nears $55,000 As Experts Warn Of Market Peak: Potential Drop Below $50K 'Inevitable'
As Bitcoin (CRYPTO: BTC) hovers near the $55,000 mark, experts are sounding alarms about a potential drop below $50,000, citing critical market indicators.
比特幣（CRYPTO: BTC）在接近55000美元的水平徘徊時，專家們對可能跌破50000美元發出了警告，引用了關鍵的市場指標。
On Friday morning, Bitcoin was trading at $56,680, up 0.1%, after hitting a low of $55,282, according to CoinGecko data.
根據CoinGecko的數據，週五早上比特幣以56680美元交易，漲幅0.1%，最低點爲55282美元。
Ethereum (CRYPTO: ETH) was trading at $2,390 after a 0.1% drop.
以太幣（CRYPTO: ETH）下跌了0.1%，現報2390美元。
The warnings from industry analysts come as Bitcoin and Ethereum ETFs continue to see significant outflows.
行業分析師發出警告的同時，比特幣和以太幣ETFs繼續出現大量資金流出。
Bitcoin spot ETFs saw a net outflow of $211 million on Sept. 5, marking the seventh consecutive day of withdrawals.
9月5日，比特幣現貨ETFs淨流出21100萬美元，連續第七天出現資金撤出。
Among the largest losses were Fidelity Wise Origin Bitcoin Fund (BATS:FBTC), which had an outflow of $149 million, and Grayscale Bitcoin Trust (OTC:GBTC), which lost $23.2175 million, according to data from SoSo Value.
根據所搜價值的數據，Fidelity Wise Origin比特幣基金（BATS:FBTC）流出金額爲14900萬元，Grayscale比特幣信託基金（OTC:GBTC）損失了2321.75萬元。
The total net asset value of Bitcoin spot ETFs now stands at $50.727 billion.
比特幣現貨ETFs的淨資產總額現在爲507.27億美元。
Ethereum has also been impacted, with spot ETFs reporting a net outflow of $152,700, data showed.
以太幣也受到了影響，根據數據顯示，現貨ETFs淨流出金額爲152700美元。
Grayscale Ethereum Trust (NYSE:ETHE) recorded a $7.3895 million outflow, although Grayscale Ethereum Mini Trust (NYSE:ETH) saw a small inflow of $7.2368 million.
Grayscale Ethereum Trust (紐交所:ETH)記錄了738.95萬美元的流出，儘管Grayscale Ethereum Mini Trust (紐交所:ETH)的流入較小，爲723.68萬美元。
Also Read: Ethereum Co-Founder Vitalik Buterin To Donate All Crypto Proceeds, Ends New Token Investments
還在讀：以太幣聯合創始人維塔利克·布特林將捐贈所有加密貨幣收益，結束新的代幣投資。
Analysts from 10x Research are pointing to troubling on-chain data.
10x研究的分析師指出了一些令人擔憂的鏈上數據。
They observed that a peak in the supply held by short-term holders in April 2024 resembled patterns seen at the end of the 2017 and 2021 bull markets.
他們觀察到2024年4月短期持有者持有的供應達到頂峯，類似於2017年和2021年牛市末期出現的模式。
Long-term holders, or whales, began selling into rallies as early as March 2024, which stifled demand and led to price consolidation.
早在2024年3月，長揸者或鯨魚就開始在上漲中拋售，抑制了需求並導致價格穩定。
"A drop below $50,000 for Bitcoin appears inevitable," the analysts stated, highlighting that most traders remain unaware of the severity of the situation.
分析師表示，「比特幣跌破5萬美元已經是不可避免的」，並強調大多數交易者對當前形勢的嚴重性並不了解。
Broader economic factors are also adding pressure to the market.
更廣泛的經濟因素也給市場增加了壓力。
Weak U.S. Manufacturing PMI data and ongoing political uncertainties are expected to drive declines in risk assets like cryptocurrencies.
預計美國製造業採購經理人指數數據疲軟和持續的政治不確定性將推動加密貨幣等風險資產下跌。
"Even interest rate cuts may not ensure higher Bitcoin prices, especially when we're seeing sharp declines in protocol revenues, which indicate reduced usage," 10x Research noted.
即使利率下降也不能確保比特幣價格上漲，特別是當我們看到協議收入急劇下降時，這表明使用減少，據10x研究指出。
As these market trends continue to unfold, they are expected to be a key focus at Benzinga's Future of Digital Assets event on Nov. 19, where industry leaders will delve into the evolving dynamics of the cryptocurrency landscape and discuss how investors can navigate the challenges ahead.
隨着這些市場趨勢的繼續展開，預計它們將成爲Benzinga數字資產未來事件的重點，即11月19日，業界領導者將探討加密貨幣領域不斷變化的動態，並討論投資者如何應對未來的挑戰。
Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。