由於加密衍生性商品市場遭受大量清算，比特幣和以太坊出現顯著暴跌

過去 24 小時，數位資產呈現紅色，大部分市場下跌超過 5%。比特幣也不例外，其價格已跌破 95,000 美元。

Cryptocurrency derivatives have seen a high volume of liquidations in the past 24 hours, as Bitcoin and other digital assets crashed.

隨著比特幣和其他數位資產的崩盤，加密貨幣衍生品在過去 24 小時內出現了大量清算。

Bitcoin, Ethereum Saw Notable Plunges During Past Day

比特幣、以太坊在過去一天出現顯著暴跌

The last 24 hours have seen a downturn in the prices of digital assets, with a majority of the market suffering a 5% or greater drawdown. Bitcoin has joined this trend, slipping below the $95,000 level.

過去 24 小時內，數位資產價格下跌，大部分市場跌幅達 5% 或以上。比特幣也加入了這一趨勢，跌破 95,000 美元的水平。

Just a couple days ago, the asset showed a sharp recovery, climbing above the $102,000 mark. The steep crash since then suggests that investors may not have believed the rally would continue and opted to cash out their profits.

就在幾天前，該資產出現急劇復甦，攀升至 102,000 美元大關之上。此後的大幅崩盤表明，投資者可能不相信漲勢會持續下去，而是選擇兌現利潤。

Relative Reading: Less Than 1% Of Bitcoin Investors In Loss After BTC Reclaims $100,000

相關閱讀：比特幣重回 10 萬美元後，不到 1% 的比特幣投資者遭受損失

Ethereum, the second-largest cryptocurrency by market capitalization, has seen an even steeper decline than Bitcoin, dropping to $3,350 after a nearly 8% decrease over the past day.

以市值計算的第二大加密貨幣以太坊的跌幅甚至比比特幣還要大，在過去一天下跌近 8% 後跌至 3,350 美元。

With this crash, Ethereum has almost entirely erased the bullish momentum that came with this new year (2025) for the cryptocurrency. Bitcoin still retains some of its gains, but if the current trajectory continues, it won’t be long before it meets a similar fate.

隨著這次崩盤，以太幣幾乎完全消除了加密貨幣新年（2025）帶來的看漲動能。比特幣仍然保留了一些漲幅，但如果目前的軌跡繼續下去，不久之後它就會遇到類似的命運。

Given the carnage in the digital asset sector, it’s no surprise that the derivatives side of the market has also seen some chaos.

考慮到數位資產領域的大屠殺，衍生性商品市場也出現一些混亂也就不足為奇了。

Crypto Longs Just Faced A Devastating Wipeout

加密貨幣多頭剛面臨毀滅性的打擊

Data from CoinGlass shows that a massive volume of liquidations piled up on derivatives exchanges in the past 24 hours.

CoinGlass的數據顯示，過去24小時內衍生性商品交易所堆積了大量清算量。

“Liquidation” refers to the forced closure that any open contract undergoes after it has amassed losses of a certain extent (the exact percentage of which may differ between platforms).

「強平」是指未平倉合約虧損達到一定程度（具體比例因平台不同可能有差異）而被強制平倉。

The table below breaks down the relevant figures pertaining to the latest cryptocurrency liquidations.

下表詳細列出了最新加密貨幣清算的相關數據。

A total of $689 million in contracts were liquidated in the last 24 hours, as indicated by the table. Of these, over $609 million of the positions involved were longs. This means that an overwhelming 88% of the liquidations affected the traders betting on a bullish outcome for the market.

如表所示，過去 24 小時內清算的合約總額為 6.89 億美元。其中，涉及的部位超過 6.09 億美元為多頭。這意味著 88% 的清算影響了押注市場看漲結果的交易者。

Given the crash that the cryptocurrency sector underwent during this window, this disparity between long and short liquidations is to be expected.

鑑於加密貨幣行業在此窗口期間經歷的崩潰，多頭和空頭清算之間的這種差異是可以預料的。

Relative Reading: Crypto Liquidations Near $690 Million As Bitcoin, Ethereum Crash

相關閱讀：隨著比特幣、以太坊崩潰，加密貨幣清算接近 6.9 億美元

In terms of the contributions to the squeeze by the individual symbols, Bitcoin surprisingly didn’t top the charts this time around. Instead, Ethereum took the lead with nearly $152 million in liquidations.

就單一符號對擠壓的貢獻而言，令人驚訝的是，比特幣這次沒有位居榜首。相反，以太坊以近 1.52 億美元的清算金額領先。

This is partly due to the fact that Ethereum’s drawdown was more significant than Bitcoin’s, but it may not be the whole story. It’s possible that the trend is an indication that the speculative interest around ETH has been particularly pronounced recently.

部分原因是以太坊的回撤比比特幣更為嚴重，但這可能不是全部。這一趨勢可能表明圍繞 ETH 的投機興趣最近特別明顯。