加密市場崩潰：比特幣的自由落體

在過去的24小時內，加密貨幣市場遭受了殘酷的鼻子，使投資者陷入困境，因為比特幣和主要的山寨幣在廣泛的恐慌中跌落。

The cryptocurrency market took a brutal nosedive in the last 24 hours, wiping out $1.7 billion in leveraged positions and leaving investors reeling as Bitcoin and major altcoins tumbled amid widespread panic.

在過去的24小時內，加密貨幣市場遭受了殘酷的鼻子，消耗了17億美元的槓桿頭寸，並使投資者陷入困境，因為比特幣和主要的Altcoins在廣泛的恐慌中跌落。

As of 1:40 PM PDT on March 10, 2025, the crypto landscape was in chaos, with prices dropping sharply due to a perfect storm of regulatory fears, macroeconomic shifts, and market sentiment shifts. Here’s a deeper look at the real facts, figures, and what’s driving this gut-wrenching crash.

截至2025年3月10日，PDT的下午1:40，加密貨幣景觀處於混亂狀態，由於監管恐懼，宏觀經濟轉變和市場情緒變化的完美風暴，價格急劇下降。這是對真實的事實，數字和造成這種危險的崩潰的更深入的看法。

Altcoins weren’t immune to the carnage. Ethereum (ETH) dropped 12% to $3,200, losing $50 billion in market cap. Solana (SOL) plummeted 18% to $145, XRP fell 14% to $0.58, and Dogecoin (DOGE) crashed 20% to $0.18, according to CoinGecko data at 1:40 PM PDT on March 10.

AltCoins不能免疫屠殺。以太坊（ETH）下跌了12％至3,200美元，損失了500億美元的市值。根據Coingecko Data在3月10日下午1:40的數據顯示，Solana（Sol）下跌18％至145美元，XRP下跌14％至0.58美元，Dogecoin（Doge）墜毀20％至0.18美元。

The broader altcoin market shed $300 billion, pushing the total crypto market cap below $2.5 trillion—down from $2.8 trillion on March 9.

更廣泛的山寨幣市場削減了3000億美元，將總加密貨幣市值低於2.5萬億美元，從3月9日的2.8萬億美元下降。

DeFi tokens like Uniswap (UNI) and Aave (AAVE) saw even sharper declines, dropping 22% and 19%, respectively, as liquidity dried up. Stablecoins like USDT and USDC briefly de-pegged, with USDT trading at $0.98 for an hour amid fears of reserve scrutiny.

隨著流動性乾燥，諸如UNISWAP（UNI）和AAVE（AAVE）之類的Defi令牌分別下降了，分別下降了22％和19％。像USDT和USDC這樣的Stablecoins短暫地進行了脫口秀，由於擔心儲備審查，USDT的交易價格為0.98美元。

The sell-off also rippled through NFT marketplaces, with OpenSea reporting a 30% drop in trading volume to $50 million in the last 24 hours, according to DappRadar.

根據Dappradar的數據，售罄也通過NFT市場爆發，Opensea報告說，過去24小時內的交易量下降了30％，至5000萬美元。

One of the primary catalysts for the recent market downturn was a significant security breach. North Korean hackers, known as the Lazarus Group, executed the largest crypto heist to date, stealing $1.5 billion from Bybit, a Dubai-based cryptocurrency exchange.

最近市場下跌的主要催化劑之一是嚴重的安全漏洞。朝鮮黑客被稱為拉撒路集團（Lazarus Group），迄今為止處決了最大的加密搶劫，從總部位於迪拜的加密貨幣交易所Bybit竊取了15億美元。

This audacious heist not only shook the confidence of Bybit's users but also sent shockwaves throughout the entire cryptocurrency market.

這個大膽的搶劫案不僅震驚了拜比特用戶的信心，而且在整個加密貨幣市場上都引發了衝擊波。

The breach was discovered when Bybit's CEO, Ben Zhou, noticed an unauthorized transfer of 400,000 Ethereum (approximately $1.5 billion) from a cold wallet. This alarming discovery led to an emergency crisis plan, with the exchange receiving over 200,000 withdrawal requests within an hour. The situation was stabilized with assistance from other crypto firms, but the damage to investor confidence was already done.

當Bybit的首席執行官Ben Zhou注意到未經授權的轉移40萬以太坊（約15億美元）時，發現了漏洞。這一令人震驚的發現導致了緊急危機計劃，交易所在一個小時內收到了200,000多個提款請求。在其他加密貨幣公司的幫助下，情況穩定了，但是已經對投資者的信心造成了損害。

In addition to security concerns, governmental actions have also played a role in the recent market turbulence. David Sacks, appointed as the “crypto czar” by President Donald Trump, revealed that the U.S. government may have lost over $16 billion by prematurely selling off half of its bitcoin holdings.

除了安全問題外，政府行動還在最近的市場動盪中發揮了作用。戴維·薩克斯（David Sacks）被總統唐納德·特朗普（Donald Trump）任命為“加密沙皇”（Crypto Czar）。

This revelation has raised questions about the government’s strategy and its impact on the crypto market.

這一啟示引發了有關政府戰略及其對加密貨幣市場的影響的疑問。

In response to these losses, President Trump signed an executive order to create a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.” This initiative aims to prevent similar losses by securely storing remaining bitcoins and including a variety of cryptocurrencies in the stockpile.

為了應對這些損失，特朗普總統簽署了一項行政命令，以創建“戰略性比特幣儲備”和“數字資產庫存”。該計劃旨在通過安全存儲剩餘的比特幣並在庫存中包括各種加密貨幣來防止類似的損失。

While this move is intended to stabilize the market, it has also introduced uncertainty, as investors speculate about the government’s future involvement in the crypto space.

儘管這一舉動旨在穩定市場，但它也引入了不確定性，因為投資者推測政府未來參與加密貨幣空間。

The collapse of major crypto entities often leads to a domino effect, impacting other platforms and investors. The recent Bybit hack has heightened concerns about the security of other exchanges, leading to increased withdrawals and a general sense of unease among investors.

主要加密實體的崩潰通常會導致多米諾骨牌效應，從而影響其他平台和投資者。最近的Bybit Hack對其他交流的安全性提高了人們的擔憂，導致提款增加和投資者的普遍不安感。

This phenomenon, known as contagion, can exacerbate market downturns as fear spreads throughout the ecosystem. For instance, the collapse of FTX in 2022 had far-reaching consequences, affecting exchanges, lenders, and ultimately, retail investors. Similarly, the current crisis has led to heightened scrutiny of other platforms, with investors questioning the security measures in place to protect their assets.

這種現像被稱為傳染性，可能會加劇恐懼在整個生態系統中的蔓延，因此會加劇市場的低迷。例如，FTX在2022年的崩潰產生了深遠的後果，影響了交流，貸方和最終的零售投資者。同樣，當前的危機導致了對其他平台的審查，投資者質疑保護其資產的安全措施。

Another critical factor contributing to the recent market crash is the liquidation of leveraged positions. Leveraged trading allows investors to borrow funds to increase their exposure to the market, amplifying both potential gains and losses.

導致最近市場崩潰的另一個關鍵因素是清算槓杆位置。槓桿交易使投資者能夠借入資金來增加其對市場的影響，從而擴大了潛在的損益和損失。

In this instance, the sharp decline in cryptocurrency prices triggered liquidations totaling approximately $1.7 billion within a 24-hour period. These liquidations further intensified the selling pressure, leading to a self-reinforcing cycle of declining prices and additional liquidations.

在這種情況下，加密貨幣價格的急劇下降導致清算在24小時內總計約17億美元。這些清算進一步加劇了銷售壓力，導致價格下降和額外清算的自我增強週期。

The high level of leverage in the market made it particularly susceptible to such rapid downturns, highlighting the risks associated with leveraged trading in volatile markets.

市場上高水平的槓桿作用使其特別容易受到如此快速的低迷感，突出了與波動市場的槓桿交易相關的風險。

Investor sentiment plays a crucial role in the cryptocurrency market. The recent events, including the government's involvement and the Bybit hack, led to a decline in confidence, prompting many to liquidate their holdings.

投資者的情緒在加密貨幣市場中起著至關重要的作用。最近的事件，包括政府的參與和拜比特黑客，導致信心下降，促使許多人清算其持股。

This mass sell-off contributed to the sharp

這種大規模拋售有助於尖銳