比特幣（BTC）價格下跌4.2％，每月關閉，以太坊（ETH）和XRP效仿

在接下來的幾天每月關閉之前，由比特幣（BTC）領導的加密貨幣市場經歷了看跌的情緒上升。在過去的24小時內，加密貨幣市值下降了約4.2％，在周五的西方金融市場交易期間，週五懸停了約2.89萬億美元。

The crypto market, led by Bitcoin (BTC), experienced rising bearish sentiment ahead of the monthly close in the coming days. The total crypto market cap dropped around 4.2 percent in the past 24 hours to hover about $2.89 trillion on Friday, during the early trading session for the Western financial markets.

由比特幣（BTC）領導的加密貨幣市場在未來幾天每月結束之前都經歷了看跌的情緒。在過去的24小時內，加密貨幣市值下降了約4.2％，在周五的西方金融市場交易期間，週五懸停了約2.89萬億美元。

In the past 24 hours, Ethereum (ETH) and Ripple Labs’ XRP prices dropped over 5 percent to trade at about $1,909 and $2.24 respectively at the time of this writing. As a result of the sudden crypto selloff today, more than $336 million was liquidated from the leveraged crypto market, mostly involving long traders.

在過去的24小時中，以太坊（ETH）和Ripple Labs的XRP價格下跌了5％以上，交易分別為1,909美元，在撰寫本文時分別下跌了2.24美元。由於當今突然的加密貨幣拋售，從槓桿加密市場上清算了超過3.36億美元，主要涉及長交易者。

Major Forces Behind Crypto Dump Today

今天的加密貨幣背後的主要力量

Declining Futures Open Interest

未來下降的開放利息

In the past 24 hours, the total Open Interest (OI) for the crypto market dropped by around 2.57 percent to hover around $109 billion at the time of this writing. Ripple’s XRP experienced a decline of about 3.21 percent in its OI to hover around $3.92 billion on Friday.

在過去的24小時內，加密貨幣市場的總開放利息（OI）下降了約2.57％，在撰寫本文時懸停了約1009億美元。週五，Ripple的XRP在其OI中的下降約為3.21％，徘徊在39.2億美元。

The Ethereum market recorded a decline of 3.58 percent in its OI during the past 24 hours to hover about $22.37 billion. Meanwhile, Bitcoin’s OI declined by around 1 percent in the past 24 hours to hover about $56.84 billion at the time of this writing.

在過去24小時內，以太坊市場的OI下降了3.58％，懸停了約223.7億美元。同時，在過去的24小時內，比特幣的OI下降了約1％，在撰寫本文時懸停了約568.4億美元。

Uncertainty Caused By U.S. Led Tariff Wars

美國LED關稅戰爭引起的不確定性

Ahead of the U.S. tariff implementation on April 2, the crypto market has experienced bearish sentiment. In addition to Friday’s high-impact news on inflation regarding the Core Personal Consumption Expenditures for monthly and yearly, the demand fear of further crypto capitulation is palpable.

在4月2日美國關稅實施之前，加密貨幣市場經歷了看跌情緒。除了周五關於每月和每年核心個人消費支出的通貨膨脹的高影響新聞外，對進一步加密屈服的需求害怕是明顯的。

Low Demand from Short-Term Holders Compared to Long-Term Investors

與長期投資者相比，短期持有人的需求低

According to market data analysis from Glassnode, short-term crypto investors have been offloading their holdings while long-term investors gradually accumulate. The overall demand for stablecoins has gradually increased as investors protect their capital from devaluation amid ongoing bearish sentiment.

根據GlassNode的市場數據分析，短期加密投資者在長期投資者逐漸累積的同時，一直在卸載其持股。隨著投資者在不斷的看跌情緒中保護其資本免受貶值，對Stablecoins的總體需求逐漸增加。