比特幣和以太坊在市場波動中經歷了第二季的動盪

比特幣和以太坊見證了第二季度的動盪開局。比特幣從 7 萬美元暴跌至 65,500 美元，導致中心化交易所的清算金額超過 5 億美元。以太幣也面臨重大清算，其價值跌至 3,320 美元。這些劇烈波動歸因於選擇市場的高槓桿率和散戶存在，導致大量清算和現貨價格調整。

Bitcoin and Ethereum Endure Tumultuous Q2 Amidst Unprecedented Market Volatility

比特幣和以太坊在第二季度經歷了前所未有的市場波動

The second quarter of 2021 opened turbulently for Bitcoin and Ethereum, as the crypto market experienced sharp swings characterized by large liquidations and a shift in risk appetite.

比特幣和以太坊在 2021 年第二季開局動盪，加密貨幣市場經歷了以大規模清算和風險偏好轉變為特徵的劇烈波動。

Bitcoin's Dramatic Plunge and Resurgence

比特幣的急劇暴跌和復甦

Bitcoin's stellar bull run encountered a temporary setback during the quarter, abruptly plummeting from a sky-high $70,000 to $65,500. The downward pressure was primarily attributed to significant liquidations on retail-heavy exchanges like Binance, driving down perpetual funding rates from 77% to equilibrium. This correction nudged spot prices back within the $60,000-$72,000 range.

比特幣的強勁牛市在本季遭遇了暫時的挫折，從 7 萬美元的天價突然暴跌至 65,500 美元。下行壓力主要歸因於幣安等散戶交易平台的大量清算，導致永續融資利率從 77% 降至均衡水準。此次調整將現貨價格推回 60,000 美元至 72,000 美元的範圍內。

However, the downturn proved to be short-lived. Increased volatility within a 24-hour period triggered a surge in liquidation events on centralized exchanges, with Bitcoin retreating below the $66,000 mark. Data from CoinGlass revealed liquidations of approximately $500 million across multiple exchanges, with long positions accounting for nearly $390 million.

然而，經濟衰退被證明是短暫的。 24小時內波動性加劇引發中心化交易所清算事件激增，比特幣回落至66,000美元大關以下。 CoinGlass 的數據顯示，多家交易所的清算額約為 5 億美元，其中多頭部位近 3.9 億美元。

Despite this setback, Bitcoin has shown resilience, bouncing back from the dip and consolidating within the $60,000-$72,000 range. However, forward curve metrics indicate that elevated volatility remains a persistent threat.

儘管遭遇挫折，比特幣仍表現出了韌性，從跌勢中反彈，並在 60,000 美元至 72,000 美元的區間內盤整。然而，遠期曲線指標表明，波動性加劇仍然是持續的威脅。

Ethereum's Parallel Struggles

以太坊的平行鬥爭

Ethereum, the second-largest cryptocurrency by market capitalization, faced similar challenges during the quarter. Its value dipped to lows of $3,320, mirroring Bitcoin's downward trajectory. Significant liquidations also plagued Ethereum, with nearly $81.52 million wiped out. Long positions accounted for the lion's share of these liquidations, totaling $65.03 million, while shorts made up the remainder.

以市值計算的第二大加密貨幣以太坊在本季面臨類似的挑戰。其價值跌至 3,320 美元的低點，反映了比特幣的下跌軌跡。大量清算也困擾著以太坊，損失了近 8,152 萬美元。多頭部位佔這些清算的最大份額，總計 6,503 萬美元，而空頭部位則佔其餘部分。

Altcoin Bloodbath

山寨幣大屠殺

The crypto carnage extended beyond Bitcoin and Ethereum, engulfing several prominent altcoins. Solana, a high-throughput blockchain, saw liquidations of over $15 million, primarily concentrated in long positions ($13 million). Dogecoin, the popular meme currency, also suffered losses, with liquidations amounting to $14.76 million.

加密貨幣大屠殺超越了比特幣和以太坊，席捲了幾種著名的山寨幣。 Solana 是一個高吞吐量區塊鏈，清算金額超過 1500 萬美元，主要集中在多頭部位（1300 萬美元）。流行的 meme 貨幣狗狗幣也遭受損失，清算金額達 1,476 萬美元。

Market Sentiment Shifts

市場情緒轉變

The recent market volatility has exposed a shift in risk appetite among investors. The bearish sentiment that had gripped the market during the first quarter has gradually dissipated, replaced by a more cautious optimism.

近期市場波動暴露了投資者風險偏好的轉變。第一季籠罩市場的悲觀情緒已逐漸消散，取而代之的是更謹慎的樂觀情緒。

This newfound optimism is driven by several catalysts, including the increasing institutional adoption of cryptocurrencies and the progress being made on the development of central bank digital currencies (CBDCs). However, market analysts remain cautious, emphasizing the need for vigilance in the face of lingering volatility.

這種新出現的樂觀情緒是由多種催化劑推動的，包括越來越多的機構採用加密貨幣以及央行數位貨幣（CBDC）的開發所取得的進展。然而，市場分析師仍保持謹慎態度，強調面對持續的波動需要保持警覺。

Conclusion

結論

The second quarter of 2021 has been a rollercoaster ride for the crypto market, with Bitcoin and Ethereum enduring dramatic price swings and significant liquidations. While the market has shown signs of recovery, volatility remains a constant threat. Investors are advised to exercise caution and conduct thorough research before making any investment decisions.

2021 年第二季的加密貨幣市場就像坐雲霄飛車一樣，比特幣和以太坊經歷了劇烈的價格波動和大量清算。儘管市場已顯示出復甦的跡象，但波動性仍然是一個持續的威脅。建議投資者在做出任何投資決定之前保持謹慎並進行徹底的研究。