2025 年对于加密市场而言是充满戏剧性的一年:年初在宏观转暖与政策利好的推动下,比特币和以太坊价格一路高歌刷新历史新高,机构资金跑步进场,数字资产财库(DAT)公司浪潮席卷资本市场。然而,盛夏之后市场情绪急转直下,10 月中上旬一场“10·11 恐慌夜”引发去杠杆踩踏,比特币价格断崖式下跌。
Hotcoin Research | 狂热、踩踏与重构:监管松绑与机构入场下的 2025 年加密市场复盘与 2026 年前瞻
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