加密戲ter創始人ran neuner：“零售業到這裡要長時間

Crypto Banter創始人Ran Neuner表示，最新的加密清算浪潮使散戶投資者脫離了數字資產，他將市場的當前狀態描述為“最大痛苦”。

Crypto Banter founder Ran Neuner has shared his thoughts on the latest wave of crypto liquidations, which he believes have scared off retail investors from digital assets.

Crypto Banter創始人Ran Neuner分享了他對最新的加密清算浪潮的想法，他認為這已經害怕從數字資產中擺脫零售投資者。

In an interview at Consensus Hong Kong 2025, Neuner told Cointelegraph that when Bitcoin (BTC) reached 60% market dominance, investors quickly pivoted to altcoins, assuming the market would follow the traditional four-year cycle. However, they were met with a massive liquidity flush instead.

Neuner在香港共識2025年的一次採訪中告訴Cointelegraph，當比特幣（BTC）達到60％的市場優勢時，投資者很快就對AltCoins進行了旋轉，假設市場將遵循傳統的四年周期。但是，他們遇到了大量的流動性沖洗。

The flush was triggered in part by the threat of trade wars between the US, Canada and Mexico, which led to a large market sell-off and at least $2.4 billion liquidated in 24 hours.

沖洗是由美國，加拿大和墨西哥之間的貿易戰威脅引發的，這導致了大量市場拋售，並且在24小時內清算了至少24億美元。

Among the assets that suffered steep declines in price were altcoins, such as Ether (ETH). According to Neuner, no one expected the second-biggest cryptocurrency to crash so hard in one night, and “that put a lot of people off-guard.”

價格急劇下降的資產中有AltCoins，例如Ether（Eth）。根據諾納（Neuner）的說法，沒有人期望在一個晚上如此艱難的第二大加密貨幣，“這使很多人避免了守護者”。

This situation may have scared off YouTube’s crypto retail audience. Neuner mentioned that good-quality Crypto Banter videos are getting between a quarter to one-third fewer views than they did during the 2021 crypto bull market. But he quickly added that “where there’s money to be made, retail will arrive.”

這種情況可能嚇到了YouTube的加密零售觀眾。諾納（Neuner）提到，高質量的加密戲banter視頻比2021年加密牛市中的觀點少了四分之一至三分之一。但是他很快補充說：“在有錢的地方，零售將到來。”

While he is bullish on memecoins, he added that they may have been a hindrance to onboarding retail, as new investors “walked into the most corrupt casino in the world, just filled with insiders, snipe bots and whatever else. So, I think it’s going to be a long time before retail gets here, but they will come.”

當他看好Memecoins時，他補充說，他們可能是造成零售業的障礙，因為新投資者“走進了世界上最腐敗的賭場，剛剛充滿了內部人士，狙擊機器人和其他任何東西。因此，我認為零售業要到這裡需要很長時間，但它們會來的。”

Memecoins have been a particular lightning rod of controversy in the past week due to the LIBRA rug pull scandal. According to Nansen, investors saw a combined loss of around $251 million. Argentine President Javier Milei has been drawn into the controversy due to his role in posting about the LIBRA token on X.

由於天秤座地毯拉醜聞，在過去一周中，Memecoins是一個特殊的避雷針。據南森（Nansen）稱，投資者的總損失約為2.51億美元。阿根廷總統哈維爾·米利（Javier Milei）因在X上發布天秤座令牌的作用而引起了爭議。

As Cointelegraph reported on Feb. 21, Solana token launches are slowing significantly, with Pump.fun, a Solana memecoin launcher, posting its weakest revenue since early November 2024.

正如CoIntelegraph在2月21日報導的那樣，Solana Memecoin發射器Pump.Fun發行了Solana令牌發射，自2024年11月初以來的收入最低。

Neuner is expecting a much tamer cycle and much more protracted ones later. In his view, the four-year cryptocurrency cycle is dead. “I think the reason is because the rate of emission now is so small relative to the market capital of Bitcoin. And it’s, like, not really significant in the big scheme of things.”

Neuner期望有很多馴服的循環，後來又持久了。他認為，四年的加密貨幣週期已經死了。 “我認為原因是因為現在的排放速率相對於比特幣的市值很小。而且，這在大計劃中並不重要。”