Bitcoin fell toward $63,000 on Tuesday, caught in a broad retreat from risk as investors pulled out of the technology stocks that have led markets all year.

比特币周二跌向$63,000，因投资者纷纷撤出今年以来引领市场的科技股，导致风险资产普遍回落。

The token traded around $63,640, down 0.9% over 24 hours and 3.3% on the week, per CoinDesk data, after touching about $65,076 on Monday and sliding through the session. The selling was marketwide. Ether fell 0.9% to $1,719 and is also down 3.3% on the week, XRP dropped 1.6% to $1.12 for a 9% weekly loss, solana lost 3.4% to $71 and dogecoin slid 6.6% over seven days.

根据CoinDesk的数据，该代币交易价格在$63,640左右，24小时内下跌0.9%，本周累计下跌3.3%；此前周一曾触及约$65,076，并在当日交易中持续下滑。抛售席卷整个市场：以太坊下跌0.9%至$1,719，本周同样下跌3.3%；XRP下跌1.6%至$1.12，录得周跌幅9%；Solana下跌3.4%至$71；狗狗币七日内下滑6.6%。

Tron was the rare gainer, up 1.3% on the day and 4.6% on the week. Hyperliquid's HYPE fell 4.8% on the week.

Tron是少数上涨的币种，日内上涨1.3%，本周上涨4.6%。Hyperliquid的HYPE本周下跌4.8%。

The pressure came from outside crypto. A rotation out of this year's best-performing technology and chip shares sank global equities, with a gauge of Asian stocks falling more than 2% after a record close and South Korea's Kospi plunging more than 6% on fears that the rally in chipmakers had run too far.

压力来自加密货币市场之外。资金轮动撤离今年表现最佳的科技股和芯片股，拖累全球股市走低，亚洲股市指数在创下纪录收盘后下跌逾2%，韩国综合股价指数（Kospi）因担忧芯片制造商涨势过猛而暴跌逾6%。

S&P 500 futures fell 0.8% and Nasdaq 100 contracts dropped 1.3%, following a slide in megacap tech and rising bond yields that pulled US stocks lower on Monday. Brent crude edged below $78 a barrel and gold retreated.

标普500指数期货下跌0.8%，纳斯达克100指数期货下跌1.3%，此前周一美股因超大盘科技股下跌及美债收益率上升而走低。布伦特原油价格略低于每桶$78，黄金也出现回落。

That marks a shift in what is steering crypto. For weeks bitcoin moved on each twist of the Iran story. Now, with a peace roadmap in place and oil sliding, the dominant force is the same AI-driven tech trade that has carried equities to records, and crypto is falling as that trade wobbles.

这标志着驱动加密货币走势的因素发生了转变。数周以来，比特币随伊朗局势的每次变化而波动。如今，随着和平路线图已确立且油价下滑，主导力量变为推动股市屡创新高的同一个人工智能驱动的科技股交易主题，而当该交易主题出现动摇时，加密货币也随之下跌。

The next test is memory chipmaker Micron's results on Wednesday, a read on whether AI spending can keep sustaining the rally that has lifted its shares more than 300% this year.

下一个考验将是内存芯片制造商Micron周三公布的财报，这将检验人工智能相关支出是否仍能支撑其股价——该股今年已上涨逾300%。

Meanwhile, Bitfire Group Holdings, a Hong Kong-listed digital asset financial services firm, pointed to a dense stretch beyond that. It flagged three macro catalysts in the next four week in an email to CoinDesk: the June US jobs report on July 2, a direct test of how well hiring is holding up; the consumer price index on July 14, the main inflation gauge and a check on whether price growth is really easing back to target; and the start of second-quarter corporate earnings in mid-to-late July, beginning with banks and building toward the large AI companies whose forward guidance will set the global risk tone.

与此同时，港股上市的数字资产金融服务公司Bitfire Group Holdings指出，此后将迎来一段密集的关键时期。该公司在致CoinDesk的一封邮件中列出了未来四周内的三项宏观催化剂：7月2日发布的美国6月非农就业报告，将直接检验劳动力市场韧性；7月14日公布的消费者物价指数（CPI），作为主要通胀指标，用于判断物价涨幅是否确实在回归目标水平；以及7月中下旬开始的第二季度企业财报季，首先由银行拉开序幕，随后大型人工智能公司将陆续发布业绩指引，为全球风险情绪定调。

The firm also flagged two warning signs specific to crypto.

该公司还指出了两个加密货币市场特有的警示信号。

The Coinbase premium, the gap between bitcoin's price on the US exchange Coinbase and other venues that works as a rough proxy for American institutional demand, has widened to the downside, a sign that US institutional buying remains tepid.

Coinbase溢价（即比特币在Coinbase交易所与其他交易平台之间的价差，可粗略反映美国机构需求）已转为负向扩大，表明美国机构买盘依然疲弱。

And Strategy's STRC preferred stock, whose record-low slide CoinDesk reported last week, has fallen further, briefly dipping below $84. Bitfire said there was no immediate blow-up risk but that the "what if they need to sell?" overhang around Strategy is real and is keeping a lid on sentiment.

此外，Strategy的STRC优先股——其跌至历史低点的情况CoinDesk上周已有报道——进一步下跌，一度跌破$84。Bitfire表示，目前没有立即爆仓的风险，但围绕Strategy的“万一他们需要抛售怎么办？”的隐忧确实存在，并持续压制市场情绪。

For bitcoin, the level to watch is the same one that has defined June. It is back near the lower end of its range, and a clean break of the $59,000 to $60,000 floor from earlier this month would signal the sell-off has entered a new phase.

对于比特币而言，值得关注的水平仍是整个6月所定义的关键位。目前价格已重回区间下沿附近，若明确跌破本月早些时候形成的$59,000至$60,000支撑区间，则表明抛售已进入新阶段。