ZX Squared Capital 创始人:比特币已进入深度熊市,2026 年或再跌 30%

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Gate News 消息,3 月 7 日,加密对冲基金 ZX Squared Capital 创始人 CK Zheng 表示,比特币已进入深度熊市阶段。他指出,随着"四年周期"影响增强,比特币价格在 2026 年可能进一步下跌约 30%。比特币在 2024 年 4 月减半约 16-18 个月后,于 2025 年 10 月触及逾 12.6 万美元历史高点,目前已回落至约 6.8 万美元,走势基本符合以减半为核心的四年周期规律。CK Zheng 认为,散户在市场狂热时追涨、恐慌时抛售的心理行为强化了本轮熊市周期。同时,机构采用仍然有限,加密 ETF 与数字资产储备公司的规模仅占整体市场约 10%。他指出,在熊市环境下,部分将比特币作为资产储备的公司可能因偿债压力被迫抛售资产,从而加剧市场下行压力。

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