加密貨幣市場的血液：BTC -7.4％，ETH -10.8％

加密貨幣市場只是不想恢復：經過一個月的深層修正，這是另一個大幅下降。

The crypto market has taken a beating in recent days, with Bitcoin and Ethereum both dropping sharply. What’s causing this downturn, and is it a sign of a bear market to come?

加密市場最近幾天都受到了毆打，比特幣和以太坊都急劇下降。是什麼導致了這種低迷，這是熊市即將到來的跡象嗎？

Bitcoin lost a key support level at $90,000 on Monday, and continued to fall throughout the day. By evening, BTC was trading below $88,000, a drop of over 7%. Ethereum also fell sharply, dropping double digits and falling below the psychological threshold of $2,500.

比特幣在周一以90,000美元的價格失去了一個關鍵支持水平，並且全天繼續下降。到晚上，BTC的交易低於88,000美元，下降了7％以上。以太坊也急劇下降，下降了兩位數，低於2500美元的心理門檻。

The broader crypto market also fell sharply, with total capitalization losing about $146 billion in a matter of hours. Most altcoins dropped by double digits, with some like Solana, XRP, and Dogecoin seeing their recent gains being almost completely wiped out.

更廣泛的加密市場也急劇下降，總資本化在幾個小時內損失了約1460億美元。大多數Altcoins都以兩位數的速度掉落，其中一些替代幣像Solana，XRP和Dogecoin一樣，看到它們最近的收益幾乎被完全消除了。

This downturn comes after a month of relative calm in the crypto market. Following a period of sharp corrections in December, the market had largely consolidated throughout January. However, the bear market began to show signs of returning last week, with Bitcoin and Ethereum both falling sharply on Friday.

在加密貨幣市場中相對平靜的一個月後，這種衰退的衰退。在12月進行了一段時間的徹底糾正之後，整個1月的市場基本上都在整合。但是，熊市開始顯示上週返回的跡象，週五比特幣和以太坊都急劇下降。

There are a few possible explanations for this downturn. One possibility is that the market is simply overheated and due for a correction. Bitcoin and Ethereum both rose sharply in 2023, and at one point BTC was trading at all-time highs above $95,000.

對於這種低迷，有一些可能的解釋。一種可能性是市場簡單地過熱，並進行更正。比特幣和以太坊在2023年都急劇上升，而BTC的一度交易量超過95,000美元。

Another possibility is that the market is reacting negatively to some recent events in the crypto industry. On Monday, Bybit announced that it had been hacked for $1.44 billion, although the exchange later clarified that the stolen funds belonged to the giant market maker Wintermute.

另一種可能性是市場對加密貨幣行業最近的一些事件產生負面反應。週一，拜比特（Bybit）宣布，它已經以14.4億美元的價格被黑客入侵，儘管該交易所後來澄清說，被盜的資金屬於巨型市政公司Wintermute。

However, some inaccuracies in the X coverage of the event, which claimed that the hackers had sold all the stolen ether on the market, appeared to contribute to the FUD. In reality, the stolen ether had not yet been moved or sold.

但是，活動的X覆蓋範圍中一些不准確，聲稱黑客已經出售了市場上所有被盜的以太，似乎有助於FUD。實際上，被盜的醚尚未被移動或出售。

Another factor that may have contributed to the downturn is Wintermute’s continuous sales of large positions of BTC, ETH, and SOL on the market. This created strong downward selling pressure, which in turn led to cascades of liquidations of long positions, accelerating the bearish dynamic.

可能導致低迷的另一個因素是溫特穆特（Wintermute）在市場上不斷銷售BTC，ETH和SOL的大量職位。這造成了強大的向下銷售壓力，這反過來導致了一系列長位置的清算，從而加速了看跌動態。

According to Coinglass, there were $1.47 billion in liquidations in the last 24 hours, with longs accounting for $1.36 billion. Bitcoin futures saw over 600 million in liquidations while Ethereum futures saw around 300 million.

根據Coinglass的說法，過去24小時內有14.7億美元的清算，渴望為13.6億美元。比特幣期貨的清算量超過6億，而以太坊期貨約為3億。