關於我們

加入我們

博客

新聞與公告

媒體工具包

全球品牌大使

KuCoin Labs

KuCoin Ventures

儲備證明 (PoR)

安全

使用條款

隱私政策

風險披露聲明

AML & CFT

執法請求指南

公司

Company

買幣

閃兌

KuCard

KuCoin Pay

幣幣交易

合約交易

杠杆交易

ETFs

KuCoin 賺幣

借貸

交易機器人

KuMining

邀請好友

GemSPACE

KuCoin 學院

幣價換算器

Spotlight

場外交易

產品

Product

新手指南

幫助中心

提交工單

技術支持

漏洞賞金活動

工單（身份）驗證通道

KuCoin 官方驗證中心

費用及VIP

守護計畫

ST 規則

下線項目

服務

Serve

合夥人計劃

經紀商

機構

API 服務

上幣申請

P2P 商戶申請

KuCoin 全球大使計劃

KuCoin Pay 商戶

商務

Business

Bitcoin (BTC) 價格

Ethereum (ETH) 價格

Ripple (XRP) 價格

KuCoin Token (KCS) 價格

加密貨幣價格

TokenPrice

學習

Learn

API 文檔

歷史數據下載

開發者

Developer

Android 下載

iOS 下載

APP 下載

AppDownload

X(Twitter)

Telegram

youtube

discord

Reddit

linkin

Instagram

coinmark

coin

社群

Community

IOSG 聯合創始人預測 2025 年將是「加密貨幣最糟的一年」，預測 BTC 在 2026 年將達到 12 萬至 15 萬美元

IOSG 聯合創始人 Jocy 預測 2025 年對加密貨幣將是艱難的一年，從 2024 年 3 月到 2025 年 11 月，OG 投資者將分三波出售 BTC，總計 140 萬 BTC，價值 1,211.7 億美元。BTC 已連續一年多時間保持在 10 萬美元以上，這在歷史上尚屬首次。Jocy 認為 BTC 在未來 3 到 6 個月內將在 8.7 萬至 9.5 萬美元之間交易，然後由於政策和機構需求，將在 2026 年初上漲至 12 萬至 15 萬美元。2026 年下半年的波動性可能更高，這取決於選舉結果和政策的延續性。使用技術分析進行加密貨幣交易的人應關注這些關鍵水平，而加密貨幣的價值投資則是一場長期遊戲。

USDT

USDC

DOGE

比特幣新聞報導稱，截至2025年12月23日，該資產攀升至接近9萬美元，給交易者帶來了暫時的希望。Chainthink的數據顯示，比特幣分析表明這波走勢並非反轉。CoinGlass的數據顯示，比特幣在2025年第四季度已下跌逾22%，正朝著自2018年以來最糟糕的季度跌幅邁進。加密貨幣總市值再次達到3萬億美元，但市場情緒依然疲弱。短期反彈被視為修正，而非新的買入。主要幣種如XRP、ETH、SOL、ADA和DOGE略有上漲，但AAVE在24小時內下跌了7%。美國交易時段頻繁出現拋售，高波動性依然存在。比特幣目前徘徊在8.8萬美元左右，仍比2025年的高點低30%。

比特幣可能在市場復甦乏力的情況下，自2018年以來第四季表現最差

比特幣新聞顯示，這項資產正朝著自2018年以來最糟糕的一年邁進，交易員報告稱疲勞感日益增加。短期反彈推動價格接近88,000美元，但專家對比特幣的分析表明這反映了疲態，而非反彈。加密貨幣總市值已超過3萬億美元，但比特幣仍比2025年的高點低約30%。XRP、ETH和SOL等主要代幣出現小幅上漲，而Aave的AAVE則下跌了7%。FxPro的Alex Kuptsikevich指出，近期的強勢是技術性的，是由於數週的拋售後基數較低所驅動。CoinGlass的季節性數據顯示，比特幣在第四季度已下跌逾22%，引發對年末表現疲弱的擔憂。

比特幣因市場疲勞 面臨自2018年以來最糟糕的一年

<h3 class="font-sans text-black text-lg leading-[26px] tracking-normal mb-4"><strong>Gold and copper have outperformed other major assets this year, with gold rallying more than copper.</strong></h3>
<div class="font-sans text-black text-sm leading-[22px] tracking-normal">By&nbsp;Omkar Godbole<span class="mx-1">|</span>Edited by&nbsp;Shaurya Malwa</div>
<div class="font-sans text-sm leading-[22px] tracking-normal flex gap-4 text-charcoal-600 flex-col md:block">Updated&nbsp;Dec 23, 2025, 4:16 p.m.&nbsp;<span class="md:ml-2">Published&nbsp;Dec 23, 2025, 3:55 p.m.</span></div>
<div class="font-sans text-sm leading-[22px] tracking-normal flex gap-4 text-charcoal-600 flex-col md:block">
<h4 class="flex font-headline-xs font-medium text-charcoal-900 mb-8"><strong>What to know:</strong></h4>
<div class="document-body font-body-lg [&amp;_ul_li::before]:bg-new-yellow [&amp;_ol_li::before]:text-new-yellow [&amp;_ol_li::before]:text-medium [&amp;_ol_li::before]:leading-9 [&amp;_ol_li::before]:content-[counter(ol-counter)] ">
<ul class="unordered-list">
<li>Gold and copper have outperformed other major assets this year, with gold rallying more than copper.</li>
<li>Bitcoin has underperformed, failing to attract both fear-driven and AI-driven investment, highlighting a shift towards tangible assets.</li>
<li>The divergence in performance between gold and copper reflects market bets on both AI-driven growth and systemic financial fears.</li>
</ul>
<p>Investors seeking both safety and growth appear to have reached an unexpected consensus in 2025, that of bitcoin&nbsp;<span class="inline-flex min-w-[150px] h-[26px] px-3 py-1 justify-center items-center rounded-full border border-custom-gray bg-white pointer-events-none touch-none"><span class="font-metadata lg:font-metadata-lg font-sans text-[#262626] font-[500] leading-[16px] lg:leading-[22px] tracking-[0.4px] lg:tracking-[0px]">BTC</span><span class="flex font-metadata lg:font-metadata-lg font-sans text-[#BB020A] font-[400] leading-[16px] lg:leading-[22px] tracking-[0.4px] lg:tracking-[0px]">$87,359.91</span></span>&nbsp;failing to capture either trade.</p>
<p>This sentiment is evident in a year-to-date comparison of major, widely tracked assets, including stocks, gold, the 10-year Treasury note, bitcoin, industrial metals such as copper, and the dollar index.</p>
<p>Gold, a traditional safe haven and inflation hedge, has rallied by 70% to a record high above $4,450 per ounce, outpacing every other major asset by a wide margin. Copper, widely considered a barometer of global economic health, is the second-best performer with 35% gains, according to source TradingView.</p>
<p>The S&amp;P 500 and Nasdaq have gained 17% and 21%, respectively, while the 10-year Treasury note has lost 9%, and bitcoin&nbsp;<span class="inline-flex min-w-[150px] h-[26px] px-3 py-1 justify-center items-center rounded-full border border-custom-gray bg-white pointer-events-none touch-none"><span class="font-metadata lg:font-metadata-lg font-sans text-[#262626] font-[500] leading-[16px] lg:leading-[22px] tracking-[0.4px] lg:tracking-[0px]">BTC</span><span class="flex font-metadata lg:font-metadata-lg font-sans text-[#BB020A] font-[400] leading-[16px] lg:leading-[22px] tracking-[0.4px] lg:tracking-[0px]">$87,362.91</span></span> is down 6%. The dollar index, which tracks the U.S. dollar's exchange rate against a basket of fiat currencies, has dropped nearly 10%.</p>
<p>The fact that polar opposites &ndash; gold, the ultimate fear hedge, and copper, an essential industrial anchor with AI links &ndash; are the top two performers while BTC, the supposed digital gold and high-end tech, is down, suggests a shift in investor preference to tangible assets in the face of macro and political concerns and the AI boom.</p>
<p>Early this year, haven demand, driven by macro and political issues and fiat debasement fears, coupled with the AI boom and a positively evolving regulatory outlook under the Trump presidency, were widely cited as ultra-bullish tailwinds for BTC. But that has not materialized.</p>
<p>This is mainly due to the crypto community espousing BTC as digital gold rather than emerging tech, according to Markus Thielen, founder of 10x Research.</p>
<p>"The emerging narrative of Bitcoin as &ldquo;digital gold&rdquo; has failed to fully convince Wall Street investors. Many crypto narratives marketed to institutional investors now resemble passive allocation stories, staking yield or long-term value preservation, rather than compelling use-case&ndash;driven growth themes," Thielen told CoinDesk.</p>
<p>"However, there is little evidence that a new cohort of investors is meaningfully attracted to passive crypto exposures, limiting fresh capital inflows," he added.</p>
<p>Investors&nbsp;have snapped up gold&nbsp;as a haven asset amid&nbsp;rising fiscal concerns&nbsp;across the advanced world,&nbsp;tariff-led&nbsp;political tensions, fears of&nbsp;fiat debasement, and a potential threat to the Fed's independence.</p>
<p>At the same time, investors looked past BTC as the high-end tech even as the AI boom delivered a massive windfall to a diverse set of assets, ranging from obvious tech stocks to the record-breaking rally in base metals like copper.</p>
<p>The red metal has been driven higher by the overlapping trend of electrification, digital infrastructure, and&nbsp;geopolitical&nbsp;tension alongside slower supply growth, as&nbsp;Geopolitical Monitor recently noted.</p>
<h3 class="font-headline-sm font-medium"><strong>BTC lacks sovereign bid</strong></h3>
<p>Greg Magadini, director of derivatives at Amberdata, attributed BTC's dour performance to the absence of a sovereign bid for the cryptocurrency.</p>
<p>"Gold is the 'hard asset' for global central banks and sovereign players. As sovereigns hedge their assets away from USD FX, Gold has been the beneficiary," Magadini told CoinDesk. "Bitcoin, on the other hand, is a more "portable" asset for individuals to hedge their FX-debasement risk."</p>
<p>He explained that BTC, being more speculative, has a demand base of higher-risk-tolerance investors, such as retail investors, hedge funds, and investment firms, rather than established sovereign entities.</p>
<p>"At least that's the case today. Hence the large performance divergence in 2025," he said, adding the next leg higher in BTC needs sovereign adoption as ETF adoption, positive regulatory outlook and digital asset treasury narratives have been fully priced in.</p>
<p>Gold's surge since 2023 has been partly driven by increased central bank buying, especially in Asian countries. According to World Gold Council, global central banks have purchased 254 tons of gold from January to October.</p>
<h3 class="font-headline-sm font-medium"><strong>Building energy</strong></h3>
<p>While bears may see BTC's inability to catch a haven and AI bid as a sign of inherent weakness, that's not necessarily the case, according to Lewis Harland, portfolio manager at Re7 Capital, who said the cryptocurrency is building energy for a big rally.</p>
<p>"Gold&rsquo;s breakout is not a bearish signal for Bitcoin. Gold has been leading BTC by roughly 26 weeks, and its consolidation last summer matches Bitcoin&rsquo;s pause today. The metal&rsquo;s renewed strength reflects a market increasingly pricing in further currency debasement and fiscal strain into 2026 &ndash; a backdrop that has consistently supported both assets, with Bitcoin historically responding with greater torque," Harland said.</p>
<p>He added that BTC's consolidation is therefore building energy rather than signaling weakness.</p>
<p>"The longer BTC sits tight, the more explosive the eventual move tends to be&mdash;positioning it to react strongly as the debasement trade accelerates," Harland quipped.</p>
<h3 class="font-headline-sm font-medium"><strong>Key takeaways for the global economy</strong></h3>
<p>Gold and copper are outperforming other assets, but gold's stronger rally over copper signals markets betting on two contradictory futures simultaneously: AI-driven growth (copper) versus fears of systemic failure from unsustainable fiscal debt (gold).</p>
<p>More importantly, gold's outperformance shows anxiety about the global financial system outweighing AI-led boom.</p>
<p>While both gold and copper have hit record highs this year, the copper-to-gold ratio, a barometer for global economic health and risk sentiment, has dropped nearly 20% to lowest in over two decades, according to data source TradingView. It's a tell tale sign of global economy in a "late-cycle" environment or "fragile expansion" driven by AI but weighed down by fiscal, trade and geopolitical concerns.</p>
<p>The most important takeaway is the flight to tangibility<strong>.</strong> When gold, copper hit record highs and the dollar index, Treasury notes and stocks underperform, it means the market no longer trusts "promises of paper (fiat) currencies" or assets that are pure play on fiat liquidity.</p>
<div class="w-full min-h-[250px]">
<div class="
        w-full
        [&amp;_.jwplayer.jw-flag-floating_.jw-wrapper]:!w-[calc(100%-20px)]
        [&amp;_.jwplayer.jw-skin-cdtv.jw-flag-floating_.jw-float-bar]:block
        [&amp;_.jwplayer.jw-skin-cdtv.jw-flag-floating_.jw-float-bar]:bg-transparent
        [&amp;_.jwplayer.jw-skin-cdtv.jw-flag-floating_.jw-float-bar]:p-0
        [&amp;_.jwplayer.jw-skin-cdtv.jw-flag-floating_.jw-float-bar]:top-[10px]
        [&amp;_.jwplayer.jw-skin-cdtv.jw-flag-floating_.jw-float-bar]:right-0
        [&amp;_.jwplayer.jw-skin-cdtv.jw-flag-floating_.jw-float-bar]:left-[60px]
        [&amp;_.jwplayer.jw-skin-cdtv.jw-flag-floating_.jw-float-bar]:w-auto
        [&amp;_.jwplayer.jw-skin-cdtv.jw-flag-floating_.jw-float-bar]:z-2
        [&amp;_.jwplayer.jw-skin-cdtv.jw-flag-floating_.jw-float-bar]:cursor-auto
        [&amp;_.jwplayer.jw-skin-cdtv.jw-flag-floating_.jw-float-bar_.jw-wrapper]:cursor-auto
        [&amp;_.jwplayer.jw-skin-cdtv.jw-flag-floating_.jw-float-bar_.jw-float-bar-icon]:top-0
        [&amp;_.jwplayer.jw-skin-cdtv.jw-flag-floating_.jw-float-bar_.jw-float-bar-icon]:right-[10px]
        [&amp;_.cnx-content-wrapper:not(.cnx-float)]:z-0
     ">
<div class="
        grid
        [&amp;&gt;*]:col-start-1
        [&amp;&gt;*]:row-start-1
        [&amp;_[data-jw-placement-id]]:w-full
        [&amp;_.jwplayer]:aspect-video
        [&amp;_.jwplayer]:!w-auto
        [&amp;_.jwplayer]:!h-auto
        [&amp;_.jwplayer]:!z-1
      ">
<div id="jwp-placement-mtt8oWFk" class="container-jwp [&amp;_[id^='jwExperienceDiv']+_[id^='jwExperienceDiv']]:hidden">
<div id="jwPlacementDiv_mtt8oWFk" data-jw-placement-id="mtt8oWFk">
<div id="jwExperienceDiv_ky6klkuo1h52" class="jwplayer jw-reset jw-state-buffering jw-stretch-uniform jw-flag-aspect-mode jw-floating-dismissible jw-keep-thumbnail jw-breakpoint-4 jw-flag-ads" tabindex="0" role="application" aria-label="Video Player - Saylor: 'I Expect Bitcoin Will Appreciate 30% a Year for the Next 20 Years'" aria-describedby="jw-jwExperienceDiv_ky6klkuo1h52-shortcuts-tooltip-explanation">
<div class="jw-wrapper jw-reset">
<div class="jw-media jw-reset">&nbsp;</div>
<div class="jw-overlays jw-reset">&nbsp;</div>
<div class="jw-controls jw-reset">
<div class="jw-display jw-reset">
<div class="jw-display-container jw-reset">
<div class="jw-display-controls jw-reset">
<div class="jw-display-icon-container jw-display-icon-display jw-reset">
<div class="jw-icon jw-icon-display jw-button-color jw-reset" tabindex="0" role="button" aria-label="Loading">&nbsp;</div>
</div>
</div>
</div>
</div>
<div class="jw-controlbar jw-reset">
<div class="jw-slider-time jw-chapter-slider-time jw-background-color jw-reset jw-slider-horizontal jw-reset" tabindex="-1" role="slider" aria-valuetext="0 seconds of 0 seconds" aria-valuenow="0" aria-label="Seek" aria-valuemin="0" aria-valuemax="0">
<div class="jw-slider-container jw-reset">&nbsp;</div>
</div>
<div class="jw-reset jw-button-container">
<div class="jw-icon jw-icon-inline jw-button-color jw-reset jw-icon-playback" tabindex="0" role="button" aria-label="Play">&nbsp;</div>
<div class="jw-icon jw-icon-tooltip jw-icon-volume jw-button-color jw-reset jw-off" tabindex="0" role="group" aria-label="Unmute button">&nbsp;</div>
<div class="jw-icon jw-icon-inline jw-button-color jw-reset jw-icon-fullscreen" tabindex="0" role="button" aria-label="Fullscreen">&nbsp;</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>

Bitcoin trails polar opposites, gold and copper, as 'fear and AI' trade lifts tangible assets

<div class="flex max-w-full flex-col grow">
<div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-1" dir="auto" data-message-author-role="assistant" data-message-id="56959353-9747-4db3-948d-0962c73b8e15" data-message-model-slug="gpt-5-2">
<div class="flex w-full flex-col gap-1 empty:hidden first:pt-[1px]">
<div class="markdown prose dark:prose-invert w-full break-words light markdown-new-styling">
<p data-start="39" data-end="231">According to BlockBeats, on December 23, data from The Data Nerd shows that one hour ago, Singapore&rsquo;s DBS Bank received 2,000 ETH from market maker GSR, worth approximately USD 5.93 million.</p>
<p data-start="233" data-end="377" data-is-last-node="" data-is-only-node="">Over the past two days, Singapore&rsquo;s DBS Bank has received a total of 4,400 ETH transferred from GSR, valued at approximately USD 13.2 million.</p>
</div>
</div>
</div>
</div>
<div class="z-0 flex min-h-[46px] justify-start">&nbsp;</div>

Singapore’s DBS Bank received 4,400 ETH from GSR over the past two days, worth approximately USD 13.2 million.

人工智慧投資增長在2025年下半年達到年增20.8%，共募集336.7億元人民幣，歷經186輪融資。QuestMobile報告指出，鬥豹（1.55億活躍用戶）、DeepSeek（8156萬）和元寶（2084萬）是該領域的領先應用程式。新入場的「螞蟻財富」和「靈光」在每周活躍用戶榜中分別排行第四和第十。205款新人工智慧應用程式中，插件使用率達81.5%，人工智慧圖像處理和專業諮詢工具特別受歡迎。騰訊和螞蟻集團正在擴展生態系統，而主要智慧手機廠商則轉向人工智慧驅動的互動。報告看好多模態和生態系統導向的人工智慧增長。隨著人工智慧的採用增加，一家領先的加密貨幣交易所和用戶友好的加密貨幣交易所對數位資產整合的需求不斷增加。

人工智慧投資在2025年下半年成長超過20%，超過80%的新應用使用外掛程式

MARS4

READY

XTAG

FITFI

MYRIA

VOOI

MASA

UNITE

LUMIA

HONEY

GIZA

NOBODY

ICNT

SUPRA

UXLINK

PORTAL

ASTER

SHIB

ATOM

PAXG

AAVE

SCOR

NIGHT

STABLE

SEEK

BEST

立即註冊！10800 USDT 獎勵等您領取！

IOSG 聯合創始人 Jocy 預測 2025 年對加密貨幣將是艱難的一年，從 2024 年 3 月到 2025 年 11 月，OG 投資者將分三波出售 BTC，總計 140 萬 BTC，價值 1,211.7 億美元。BTC 已連續一年多時間保持在 10 萬美元以上，這在歷史上尚屬首次。Jocy 認為 BTC 在未來 

IOSG 聯合創始人預測 2025 年將是「加密貨幣最糟的一年」，預測 BTC 在 2026 年將達到 12 萬至 15 萬美元 | KuCoin