隨著需求減弱，價格暴跌，比特幣清算激增

過去 24 小時內，比特幣的大幅清算量超過 1.45 億美元，價格跌至數月低點。市場分析師將價格調整主要歸因於美國買家需求下降。同期，價值約 1.66 億美元的比特幣部位被清算，而整個加密貨幣市場的清算額超過 4.63 億美元。根據 Coinglass 數據，絕大多數加密貨幣清算（約 3.98 億美元）代表多頭部位。

Bitcoin Liquidations Surge as Price Plummets Amidst Decline in Demand

需求下降導致價格暴跌，比特幣清算激增

The cryptocurrency market has witnessed a significant downturn, with Bitcoin liquidations exceeding $145 million within the past 24 hours, pushing the price of the flagship digital asset to a multi-month low. Analysts have attributed this latest price correction primarily to a decline in demand from United States-based buyers.

加密貨幣市場大幅下滑，過去 24 小時內比特幣清算額超過 1.45 億美元，將這一旗艦數位資產的價格推至數月低點。分析師將最新的價格調整主要歸因於美國買家的需求下降。

Over the past day, approximately $166 million worth of Bitcoin positions have been liquidated. The broader cryptocurrency market has experienced over $463 million in liquidations during the same period. According to data from Coinglass, the vast majority of these combined crypto liquidations, amounting to around $398 million, involved long positions.

過去一天，價值約 1.66 億美元的比特幣部位已被清算。同期，更廣泛的加密貨幣市場經歷了超過 4.63 億美元的清算。根據 Coinglass 的數據，這些加密貨幣清算組合中的絕大多數涉及多頭頭寸，金額約為 3.98 億美元。

Bitcoin, the world's largest cryptocurrency by market capitalization, has fallen to $57,161 at the time of writing, representing a decline of approximately 8% over the past 24 hours. Ether, the second-largest cryptocurrency, has dropped by 6.2% to $2,870 during the same period.

截至本文撰寫時，全球市值最大的加密貨幣比特幣已跌至 57,161 美元，過去 24 小時內下跌約 8%。第二大加密貨幣以太幣同期下跌 6.2% 至 2,870 美元。

Demand-Driven Price Correction

需求驅動的價格調整

This latest price correction for Bitcoin has been primarily driven by a slowdown in the growth of demand for the asset, according to the CryptoQuant market report released this week. The report highlighted slower growth in the Bitcoin balances of both long-term holders and large 'whale' investors on the spot market.

根據本週發布的 CryptoQuant 市場報告，比特幣最新的價格調整主要是由於該資產需求成長放緩所致。該報告強調了現貨市場上長期持有者和大型「鯨魚」投資者的比特幣餘額成長放緩。

"Bitcoin whale demand growth peaked at a monthly growth rate of 12% in late March and has now slowed down to 6%. Price rallies are typically driven by faster growth in Bitcoin demand from large investors," noted CryptoQuant analysts.

CryptoQuant 分析師指出：「比特幣鯨魚需求成長在3 月底達到峰值，每月成長率為12%，目前已放緩至6%。價格上漲通常是由大型投資者對比特幣需求的更快成長所推動的。

The报告further emphasizes the lack of demand for Bitcoin through the Coinbase premium, which has been trending down since early March and has recently dipped below zero. "When the Coinbase premium declines below zero, it indicates that the price of Bitcoin is lower in the U.S. compared to outside the country, suggesting lower appetite from U.S. investors to purchase Bitcoin," the CryptoQuant analysts added.

該報告進一步強調，Coinbase 溢價對比特幣的需求不足，自 3 月初以來，溢價一直呈下降趨勢，最近已降至零度以下。 CryptoQuant 分析師補充說：“當 Coinbase 溢價跌至零以下時，表明美國的比特幣價格低於國外，表明美國投資者購買比特幣的興趣下降。”

The decline in U.S.-based demand is also evident in indicators suggesting that the U.S. spot Bitcoin exchange-traded fund (ETF) market is on track to experience its first month of net outflows since multiple funds launched on January 11.

美國需求下降的跡像也很明顯，顯示美國現貨比特幣交易所交易基金（ETF）市場預計將經歷自 1 月 11 日多個基金推出以來的首個月淨流出。

New Price Target for Bitcoin

比特幣的新價格目標

CryptoQuant analysts have established a new short-term price target for Bitcoin between $55,000 and $57,000, observing that the current Bitcoin price is already below traders' cost basis. "From a short-term valuation perspective, prices could reach $55,000-$57,000. This level is 10% below the current cost basis of traders, at $63,000, which has been the ultimate support for prices during bull markets," the analysts stated.

CryptoQuant 分析師將比特幣的新短期目標價格設定在 55,000 美元至 57,000 美元之間，觀察到當前比特幣價格已經低於交易者的成本基礎。 「從短期估值角度來看，價格可能達到 55,000 美元至 57,000 美元。這一水平比交易商當前的成本基礎 63,000 美元低 10%，這是牛市期間價格的最終支撐，」分析師表示。

The report also highlights an increase in Bitcoin supply, as Bitcoin miners have amplified their selling activity over the past month. Notably, the 30-day average of daily miner selling has surged to its highest level since early January.

該報告還強調了比特幣供應的增加，因為比特幣礦商在過去一個月增加了銷售活動。值得注意的是，礦商每日 30 天平均拋售量已飆升至 1 月初以來的最高水準。

Bitcoin dominance has marginally decreased over the past day to 50.3%, while Ether dominance has witnessed a slight uptick to 15.7%, according to data from Coingecko. The global cryptocurrency market capitalization has diminished by 6.5% over the past 24 hours, currently standing at $2.25 trillion, as per The Block's Prices Page.

根據 Coingecko 的數據，比特幣的主導地位在過去一天略有下降至 50.3%，而以太幣的主導地位則略有上升至 15.7%。根據 The Block 的價格頁面，全球加密貨幣市值在過去 24 小時內下跌了 6.5%，目前為 2.25 兆美元。

The GM 30 Index, which represents a basket of the top 30 cryptocurrencies, has declined by 6.8% to 118.77 during the same period.

代表一籃子前 30 種加密貨幣的 GM 30 指數同期下跌 6.8% 至 118.77。

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The Block is an independent media outlet providing news, analysis, and data on the cryptocurrency industry. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies within the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block maintains its editorial independence to deliver objective, impactful, and timely coverage of the crypto industry. Please refer to our current financial disclosures for further details.

The Block 是一家獨立媒體機構，提供有關加密貨幣行業的新聞、分析和數據。截至 2023 年 11 月，Foresight Ventures 是 The Block 的主要投資者。 Foresight Ventures 投資於加密領域的其他公司。加密貨幣交易所 Bitget 是 Foresight Ventures 的主要 LP。 The Block 保持編輯獨立性，以提供客觀、有影響力和及時的加密貨幣行業報告。請參閱我們目前的財務揭露以了解更多詳情。