1月21日消息，随着比特币价格持续走弱，全球奢侈腕表二级市场却意外走出独立行情。WatchCharts数据显示，过去六个月比特币价格下跌约25%，CoinDesk 20指数跌幅超过30%，而二手高端腕表价格却逆势上涨约4%，显示资金正在从高波动性的加密资产转向更具稀缺性的实物资产。
WatchCharts指数覆盖数千款奢侈腕表型号，其最新走势表明市场正在逐步企稳。Morgan Stanley与WatchCharts联合发布的研究指出，这一回升并非新一轮投机性繁荣，而是两年调整后的结构性修复。随着库存过剩被逐步消化、被动抛售减少以及卖家降价意愿降低，2025年底以来二级市场的下行压力明显缓解。同时，自2025年初起，主要腕表制造商已将全球零售指导价上调约7%，为转售价格提供了额外支撑。
报告还显示，复苏主要集中在拥有强定价权的品牌，包括Rolex、Patek Philippe和Audemars Piguet，而大量中低端品牌仍以折扣价成交。受控的二级流通体系同样发挥了稳定器作用，尤其是Rolex的认证二手表项目，正在减少价格剧烈波动并增强买家信心。
这一变化与加密市场形成鲜明对比。2024年，比特币因现货ETF预期一度走强，而腕表却在金融环境收紧和零售投机降温下持续回调。进入2026年，相关性被进一步打破，资金更倾向于流向波动较低、供应稀缺的实物资产。
与此同时，贵金属价格同样强势。自2025年初以来，黄金上涨近70%，白银涨幅约150%，工业需求、实物供应紧张以及政策不确定性推高了金属的避险吸引力。在这一背景下，加密货币被市场暂时边缘化，波动性与宏观风险放大了资金的观望情绪。
这种分化正在重塑资产配置逻辑。越来越多的投资者不再将比特币、奢侈腕表和贵金属视为同一类投机工具，而是按照流动性、稀缺性和抗波动能力进行重新定价。在宏观压力持续上升的环境中，稳定型实物资产与高波动金融资产之间的界限正变得愈发清晰。
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Articoli correlati
Trader Opens $90M Leveraged Long Positions in BTC and ETH
Gate News message, trader 0x049b has opened 20x leveraged long positions on 586.68 BTC valued at $45.82M and 19,416 ETH valued at $44.67M. The liquidation price for BTC is set at $75,564.02, while ETH's liquidation price stands at $2,247.43.
GateNews2m fa
Paradigm's Quantum-Resistant Bitcoin Key Control Proposal
Venture fund Paradigm has proposed a new design that would allow Bitcoin holders to privately timestamp proof of their control over keys vulnerable to quantum computers, according to the proposal. The mechanism is intended to provide a potential rescue path if Bitcoin ever sunsets old addresses.
CryptoFrontier10m fa
Bitcoin Faces New Headwinds From Inflation Data and Oil Market Spike
PCE inflation rose and Fed uncertainty pushed Bitcoin price down toward key support levels.
Rising oil prices and geopolitical tensions increased inflation fears and market risk-off sentiment.
ETF outflows and weak equities added pressure, though buyers defend Bitcoin near $75,000.
Bitco
CryptoNewsLand1h fa
Bitcoin Climbs Above $78,000 on Saturday as Senate Clears Stablecoin Compromise
Bitcoin recovered from a midweek dip to $75,500 to climb above $78,000 by Saturday morning in Asia. The U.S. Senate's stablecoin yield compromise removed a key roadblock to crypto market structure legislation.
GateNews1h fa
Bitcoin Bottoming Zone at $59,000 Requires 6 Months, CryptoQuant Analyst Says
According to CryptoQuant analyst Axel Adler Jr on May 2, Bitcoin's true medium to long-term bottom may only establish once the price reaches $59,000, based on the Adjusted Realized Price Bands model. The analyst noted that the bottoming process is not short-term and will not complete within one to t
GateNews2h fa
Bitdeer Produces and Sells 186 BTC in Week Ending May 1, Holds Zero BTC
According to Bitdeer's official statement, as of May 1, the company produced 186 BTC this week and sold all 186 BTC, resulting in zero net increase in holdings. Bitdeer's self-held BTC position (excluding customer deposits) stands at zero.
GateNews2h fa
