比推消息，Coinbase Research 发布分析报告指出，受全球关税升级与宏观不确定性影响，加密市场或已进入新一轮“加密寒冬”。目前剔除 BTC 后的总市值为 9500 亿美元，较 2024 年 12 月高点下跌 41%，并低于去年同期 17%。报告指出，包括 COIN50 指数和 BTC 在内的主要资产均已跌破 200 日均线，显示整体市场步入下行趋势。
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