特朗普總統宣布一項戰略加密儲備基金，比特幣（BTC）價格下跌10％

唐納德·特朗普總統宣布由BTC，ETH，SOL，SOL，ADA和XRP組成的戰略加密儲備基金引起的意外興奮的日子，這並不是過分積極的。

A day that was not overly positive for the market followed the unexpected excitement caused by President Donald Trump’s announcement regarding a strategic crypto reserve fund consisting of BTC, ETH, SOL, ADA, and XRP. On the morning of March 4, the crypto market continued to witness a widespread “red”, leading to skepticism and a wave of sell-offs across crypto markets.

唐納德·特朗普總統宣布由BTC，ETH，SOL，SOL，ADA和XRP組成的戰略加密儲備基金引起的意外興奮的日子，這並不是過分積極的。 3月4日上午，加密貨幣市場繼續見證了廣泛的“紅色”，導致了懷疑論和加密貨幣市場的拋售浪潮。

How did the market dump?

市場如何轉儲？

According to CoinMarketCap, Bitcoin price surprisingly declined this morning (March 4, 2025) (U.S time).

根據CoinMarketCap的數據，比特幣價格出乎意料的是今天早上（2025年3月4日）（美國時間）。

In 24 hours, the price of this asset dropped by 11%, at one point hitting 82,400 USD/BTC and wiping out more than 200 billion USD in market cap.

在24小時內，該資產的價格下跌了11％，一點點達到82,400美元/BTC，並消除了超過2000億美元的市值。

Not just BTC, the entire market is awash in red, with Ethereum falling 15.6% over the past 24 hours, XRP dropping 18.7%, BNB decreasing 9%, Solana plunging 20%, Dogecoin decreasing 16.4%, and Cardano tumbling 26.3% during the same period.

不僅是BTC，整個市場都陷入紅色，以太坊在過去的24小時內下降了15.6％，XRP下降了18.7％，BNB降低了9％，Solana下降了20％，Dogecoin降低了16.4％，而Cardano在同一時期下跌了26.3％。

A similar trend was observed in the stock market, as leading stocks experienced declines following Trump’s announcement that tariffs would take effect tomorrow.

股市也觀察到了類似的趨勢，因為特朗普宣布明天關稅將生效後，領先的股票經歷了下降。

The reason behind the red stretching across the entire market

整個市場的紅色伸展背後的原因

Bitcoin ETFs massive outflow

比特幣ETF大量流出

During the week of February 24 to 28, cryptocurrency ETFs experienced notable withdrawals, with Bitcoin funds seeing outflows of $2.61 billion and Ether funds losing $335.35 billion. On February 26, a record-setting $1 billion was pulled from Bitcoin ETFs in a single day, reflecting cautious market sentiment.

在2月24日至28日的一周中，加密貨幣ETF經歷了明顯的提款，比特幣資金的流出價為26.1億美元，損失了3353.5億美元的以太資金。 2月26日，一天內從比特幣ETF中撤出了創紀錄的10億美元，這反映了謹慎的市場情緒。

Among the largest outflows, BlackRock’s IBIT led with $1.17 billion, followed by Fidelity’s FBTC with $568.65 billion and Grayscale’s GBTC with $188.84 billion. Other funds also saw significant withdrawals, including Grayscale’s BTC ($147.93 billion), Valkyrie’s BRRR ($112.84 billion), and WisdomTree’s BTCW ($95.10 billion).

在最大的外流中，貝萊德的IBIT以11.7億美元的價格領先，其次是Fidelity的FBTC，為5686.5億美元，Grayscale的GBTC為1888.4億美元。其他資金也有大幅提款，包括灰刻的BTC（1,4793億美元），Valkyrie的BRRR（1,1284億美元）和Wisdomtree的BTCW（9510億美元）。

Despite the ongoing trend of withdrawals, Bitcoin ETFs saw a small inflow on the final day of the week, offering a slight shift after eight consecutive days of outflows.

儘管撤離的趨勢持續趨勢，但比特幣ETF在一周的最後一天看到了很少的流入，經過連續八天的流出後，略有轉變。

Bybit cyberattack

Bybit網絡攻擊

One of the reasons given is the Bybit cyberattack – which resulted in the acts of selling-off ETH. The latest cyberattack on the centralized crypto exchange Bybit carried out by a well-known hacking group has seen more than $1.4 billion USD in ETH get stolen, making it the biggest cryptocurrency heist ever recorded.

給出的原因之一是Bybit網絡攻擊，這導致了出售ETH的行為。由一個著名的黑客集團進行的集中加密交易所交易所Bybit上的最新網絡攻擊已看到ETH的14億美元超過14億美元被盜，使其成為有史以來最大的加密貨幣搶劫。

On March 1, the cyber hackers transferred an additional 62,200 ETH, leaving them with only 156,500 Ethereum remaining from the initial haul, according to crypto analyst EmberCN. This latest movement pushes the total laundered amount to roughly 343,000 ETH, about 68.7% of the 499,000 ETH stolen in the February 21 attack. At this rate, the remaining of the funds was estimated to be laundered today.

根據Crypto分析師Embercn的說法，3月1日，網絡黑客將另外62,200 ETH轉移了，從最初的運輸中只剩下156,500個以太坊。這項最新運動將全額洗錢的金額提高到了大約343,000 ETH，在2月21日襲擊中偷走了499,000 ETH的68.7％。以這種速度，估計剩餘的資金今天被洗錢。

This massive sell-off pressure, combined with the hackers potentially unloading their remaining 156,500 ETH, could have massively pressured Ethereum, driving its price down. The performance of Ethereum also influenced the broader altcoin market, leading to the synchronized declines in coins like XRP (-18.7%), Solana (-20%), Cardano (-26.3%).

這種巨大的售罄壓力，加上黑客可能會卸載其剩餘的156,500 ETH，可能給以太坊施加了巨大壓力，使其價格降低。以太坊的性能也影響了更廣泛的山寨幣市場，從而導致XRP（-18.7％），Solana（-20％），Cardano（-26.3％）等硬幣的同步下降。

Retaliation from China

來自中國的報復

According to The New York Times, the response from America’s partner, especially China, escalated a global dispute that has rattled governments and international trade. Mexico and Canada, the two other countries targeted by the Trump tariffs, had yet to respond.

據《紐約時報》報導，美國夥伴，尤其是中國的回應升級了一場全球爭端，該爭端震撼了政府和國際貿易。墨西哥和加拿大是特朗普關稅的其他兩個國家，尚未回應。

Early Tuesday, China introduced tariffs on a wide range of U.S. food exports in response to the latest trade measures from the Trump administration. This move added to ongoing global trade tensions that have concerned many countries. Previously, Mr. Trump has placed nearly all goods from China under an additional 20 percent tariff. Earlier, on February 4, he introduced a 10 percent tariff, followed by another round of tariffs on Tuesday.

週二早些時候，中國對特朗普政府採取的最新貿易措施提出了廣泛的美國糧食出口徵收關稅。這一舉動加劇了許多與許多國家有關的全球貿易緊張局勢。此前，特朗普先生幾乎將來自中國的所有商品額外提高了20％的關稅。早些時候，他於2月4日提出了10％的關稅，隨後在周二的另一輪關稅。

China’s finance ministry announced that it would apply a 15% tariff on imports of U.S. chicken, wheat, corn, and cotton. Additionally, a 10% tariff was placed on products such as sorghum, soybeans, pork, beef, seafood, fruits, vegetables, and dairy items. This raises concerns about an ongoing trade war, making investors increasingly cautious and more deliberate in their investment decisions.

中國財政部宣布將對美國雞，小麥，玉米和棉花的進口徵收15％的關稅。此外，對高粱，大豆，豬肉，牛肉，海鮮，水果，蔬菜和乳製品等產品簽發了10％的關稅。這引起了人們對正在進行的貿易戰的擔憂，這使得投資者越來越謹慎，並在投資決策中更加刻意。