隨著加密貨幣市場崩潰的持續，比特幣的價格下跌至91,000美元，Altcoins可能面臨更大的崩潰

在過去的24小時內，更廣泛的加密貨幣市場損失了超過1500億美元，總市值滑倒不到3萬億美元。

The crypto market crash continues to worsen as BTC price takes a deep dive, reaching levels as low as $91,000, with total market liquidations soaring to $914 million. Altcoins, on the other hand, might be experiencing a steeper crash in this liquidity crisis.

隨著BTC價格深入潛水，到達91,000美元的水平，加密市場崩潰持續惡化，總市場清算飆升至9.14億美元。另一方面，在這場流動性危機中，AltCoins可能正遇到更嚴重的崩潰。

Bitcoin Leads Crypto Market Crash

比特幣導致加密市場崩潰

Over the last 24 hours, the broader crypto market has seen losses exceeding $150 billion, with the total market capitalization slipping below the $3 trillion mark. Bitcoin losses have extended further by 4%, dropping to lows of $91,000 and slipping under key support levels.

在過去的24小時內，更廣泛的加密貨幣市場的損失超過1500億美元，市值的總計低於3萬億美元。比特幣損失已進一步延長4％，下降到91,000美元的低點，並在關鍵支持水平下滑倒。

According to data from Coinglass, 24-hour Bitcoins liquidations have topped $274 million, out of which $258 million is in long liquidations. Moreover, this selling pressure comes with a 150% surge in daily trading volumes to reach over $51 billion.

根據Coinglass的數據，24小時的比特幣清算量超過了2.74億美元，其中2.58億美元長期清算。此外，這種銷售壓力的每日交易量增加了150％，達到超過510億美元。

Further BTC Price Correction Coming?

BTC價格更正的進一步即將到來？

Amid the sharp drop in the Bitcoin price, market analysts are highlighting warning signs, hinting at the possibility of further correction and a crypto market crash. For the first time since September 2024, Bitcoin demand has dropped into negative territory, as highlighted by Julio Moreno, the head of research at CryptoQuant.

在比特幣價格急劇下降的情況下，市場分析師強調了警告信號，暗示了進一步更正和加密市場崩潰的可能性。自2024年9月以來，比特幣需求已下降到負面的領土，正如加密量化研究負責人朱利奧·莫雷諾（Julio Moreno）所強調的那樣。

Moreno pointed out the challenges faced by Bitcoin in the current market conditions, noting that such negative demand growth makes it difficult for prices to rally. He went on to warn that the risks of a further market correction are increasing.

莫雷諾（Moreno）指出，比特幣在當前市場條件下面臨的挑戰，並指出這種負面需求的增長使價格很難集結。他繼續警告說，進一步的市場更正的風險正在增加。

Moreover, as noted by crypto analyst Ali Martinez, if BTC bulls fail to hold the $93,700 support on a daily closing basis, it risks falling further to the next major support at $75,600. The warning comes as market participants keep a close watch on Bitcoin’s price movements amid heightened volatility and macroeconomic uncertainty. At press time, BTC price is trading 3.6% down at $91,910 levels.

此外，正如加密分析師阿里·馬丁內斯（Ali Martinez）所指出的那樣，如果BTC公牛隊每天未能持有93,700美元的支持，那麼它的風險進一步降低了下一個主要支持，為75,600美元。警告是在市場參與者密切關注比特幣的價格變動中，因為波動性和宏觀經濟不確定性提高。發稿時，BTC價格的交易價格下跌了3.6％，水平為91,910美元。

Bitcoin ETF Sell-Offs On The Rise

比特幣ETF拋售正在上升

Additionally, last week, Bitcoin investments saw outflows to the tune of $571 million, while short-Bitcoin inflows surged to $2.8 million. Outflows from spot Bitcoin ETFs also increased, netting $516 million on Monday, with Fidelity’s FBTC seeing $247 million in outflows and BlackRock’s IBIT clocking $159 million in outflows.

此外，上週，比特幣投資的流出量達到5.71億美元，而短幣的流入量飆升至280萬美元。現貨比特幣ETF的流出也增加了，週一淨額為5.16億美元，Fidelity的FBTC看到了2.47億美元的外流，而BlackRock的Ibit的IBIT則達到了1.59億美元的外流。

Arthur Hayes has issued a stark warning about potential turbulence in the Bitcoin market. Hayes explained that many $IBIT holders, especially hedge funds, have employed a strategy to secure yields that outpace short-term U.S. Treasury rates by going long on ETFs and short on CME futures. However, if the basis narrows due to declining BTC prices, these funds might sell $IBIT holdings and repurchase CME futures to unwind their positions.

亞瑟·海斯（Arthur Hayes）對比特幣市場的潛在動盪發出了明顯的警告。海耶斯解釋說，許多$ ibit持有人，尤其是對沖基金，已經採用了一項戰略來確保收益率，從而超過了美國財政部的短期債券，並且長期使用ETF和CME Futures。但是，如果由於BTC價格下降而導致的基礎縮小，這些資金可能會出售$ IBIT持股並回購CME期貨以放鬆其頭寸。

With the basis currently approaching U.S. Treasury yields, Hayes suggests that these funds, already in profit, might make their move during U.S. trading hours to realize gains.

由於目前接近美國財政收益率的基礎，海耶斯建議這些資金已經盈利，可能會在美國交易時間內搬遷以實現收益。

Altcoins See A Steeper Fall

山寨幣看到跌倒較高

Amid major liquidity challenges and a sharp sell-off in the S&P 500, the sell-off in the altcoin space has accelerated in this crypto market crash. Ethereum price is down today by 8%, slipping under $2,500 today, with daily trading volume surging to $31.6 billion, and 24-hour liquidations surging to $195 million.

在主要的流動性挑戰和標準普爾500標準普爾500指數的急劇拋售之中，在此加密貨幣市場崩潰中，Altcoin空間的拋售加速了。今天的以太坊價格下跌了8％，今天下跌了2500美元，每日交易量飆升至316億美元，24小時清算飆升至1.95億美元。

Furthermore, altcoins like Solana have experienced even steeper falls in relation to Bitcoin. Solana has suffered the biggest hit, falling more than 22% since last Friday.

此外，像Solana這樣的AltCoins與比特幣有關的跌倒甚至更陡峭。自上週五以來，索拉納（Solana）遭受了最大的打擊，下降了22％以上。

The Bybit hack on February 21 has cast a shadow over market sentiment, shaking investor confidence. Arkham Intelligence has labeled the incident the “largest financial heist in history,” underscoring the magnitude of the breach and its impact on the cryptocurrency landscape. However, the crypto exchange Bybit managed to acquire all of Ethereum within just 48 hours of the incident.

2月21日的Bybit Hack對市場情緒產生了陰影，震驚了投資者的信心。阿卡姆情報局將這一事件標記為“歷史上最大的金融搶劫案”，強調了違規的規模及其對加密貨幣景觀的影響。但是，加密貨幣交易所Bybit在事件發生後的短短48小時內設法獲得了所有以太坊。

In a surprising turn of events, Citadel Securities made a significant shift in its crypto strategy just hours before a notable market response. According to Bloomberg, the $65 billion financial giant is exploring becoming a liquidity provider for Bitcoin and other cryptocurrencies. However, the market interpreted the news as a “sell the news” moment, prompting a cautious reaction among traders.

令人驚訝的是，在明顯的市場反應之前，Citadel Securities在其加密貨幣戰略上發生了重大轉變。據彭博社稱，這家耗資650億美元的金融巨頭正在探索成為比特幣和其他加密貨幣的流動性提供商。但是，市場將新聞解釋為“賣出新聞”時刻，促使交易者謹慎反應。