加密貨幣市場拋售：專家揭示為何 BTC、ETH、XRP 和其他山寨幣 突然跌倒

週二，加密貨幣市場突然下跌，全球加密貨幣市值暴跌超過 4%，比特幣 (BTC) 和以太幣 (ETH) 價格在數小時內暴跌 5%。這次全市場拋售是由史上最大規模選擇權到期後市場情緒疲軟引發的，並導致整個加密貨幣市場的清算額超過 5 億美元。

Crypto Market Plunges Amidst Pre-Halving Correction and Options Expiry

加密貨幣市場在減半前修正和選擇權到期中暴跌

The cryptocurrency market witnessed a sharp decline on Tuesday, eroding over 4% of its global market capitalization. The total value plunged from $2.64 trillion to a low of $2.50 trillion, triggering a market-wide selloff. Bitcoin (BTC) and Ethereum (ETH), the two leading cryptocurrencies, lost approximately 5% within hours, further intensifying the downward trajectory.

週二，加密貨幣市場大幅下跌，全球市值縮水超過 4%。總價值從2.64兆美元暴跌至2.50兆美元低點，引發全市場拋售。比特幣（BTC）和以太幣（ETH）這兩種領先的加密貨幣在幾個小時內下跌了約 5%，進一步加劇了下跌趨勢。

Altcoins, including Solana (SOL), BNB, XRP, and Cardano (ADA), also experienced significant losses. Meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) failed to maintain their recent gains and dropped over 8%. This broad-based market decline followed the largest-ever options expiry witnessed by the crypto market.

Solana (SOL)、BNB、XRP 和 Cardano (ADA) 等山寨幣也遭受了重大損失。 Meme 幣狗狗幣 (DOGE) 和柴犬幣 (SHIB) 未能維持近期漲幅，下跌超過 8%。此次市場廣泛下跌是在加密貨幣市場出現有史以來最大規模的選擇權到期之後發生的。

Pre-Halving Market Correction

減半前市場調整

Analysts have attributed the recent market correction to a pre-halving phenomenon, which has historically preceded Bitcoin halving events. Halving, scheduled to occur in 2024, reduces the issuance rate of new Bitcoins by 50%. Historically, the market has exhibited similar patterns of volatility and price adjustments prior to halving events.

分析師將最近的市場調整歸因於減半前的現象，歷史上這種現象發生在比特幣減半事件之前。計畫於 2024 年減半，新比特幣的發行率將降低 50%。從歷史上看，市場在減半事件之前也表現出類似的波動和價格調整模式。

Weak Market Sentiment and Liquidations

市場情緒疲軟和清算

The prevailing market sentiment has been negative, particularly since the record-breaking options expiry. Investors have been uncertain and skeptical about the market's trajectory. This weak sentiment, coupled with large liquidations on retail-heavy crypto exchanges like Binance, contributed to the sudden downfall. Binance witnessed perpetuals funding rates drop from a high of 77% to flat, a significant indicator of selling pressure.

普遍的市場情緒一直是負面的，特別是在破紀錄的期權到期之後。投資人對市場的發展軌跡一直感到不確定和懷疑。這種疲軟的情緒，加上幣安等零售密集型加密貨幣交易所的大規模清算，導致了價格的突然下跌。幣安永續合約融資利率從 77% 的高點下降至持平，這是拋售壓力的一個重要指標。

Technical Support Breaks

技術支援中斷

For Bitcoin, the break below the $70,000 mark and subsequent trading below $66,000 raised concerns. Similarly, Ethereum's descent to $3320 lows further weakened the market's overall technical outlook. The breach of crucial support levels, as identified by analysts and traders, spurred a freefall in prices across the crypto space.

對於比特幣來說，跌破 70,000 美元大關以及隨後跌破 66,000 美元的交易引發了擔憂。同樣，以太坊跌至 3320 美元低點進一步削弱了市場的整體技術前景。分析師和交易員指出，突破關鍵支撐位引發了整個加密貨幣領域的價格直線下跌。

Market Data and Liquidation Statistics

市場數據和清算統計

Coinglass data revealed extensive liquidations exceeding $500 million during the market correction. Approximately $414 million of long positions were liquidated, while $85 million of short positions faced liquidations over the past 24 hours. Over 139,000 traders were liquidated, with the largest single liquidation order occurring on OKX, where someone converted $7.48 million worth of ETH to USD.

Coinglass 數據顯示，在市場調整期間，大量清算資金超過 5 億美元。在過去 24 小時內，大約 4.14 億美元的多頭頭寸被清算，而 8,500 萬美元的空頭部位面臨清算。超過 139,000 名交易者被清算，其中最大的單筆清算訂單發生在 OKX，有人將價值 748 萬美元的 ETH 兌換成美元。

Macroeconomic Factors

宏觀經濟因素

The crypto market's performance is also influenced by macroeconomic factors. On Tuesday, the US dollar index (DXY) surged to 105, its highest level since mid-February. This rise coincides with anticipation of key US economic indicators scheduled for release this week. Stronger-than-expected ISM manufacturing PMI data has tempered expectations of a dovish stance from the Federal Reserve (Fed) in June.

加密貨幣市場的表現也受到宏觀經濟因素的影響。週二，美元指數(DXY)飆升至105，為2月中旬以來的最高水準。這一上漲恰逢美國計劃於本週發布的主要經濟指標的預期。強於預期的 ISM 製造業 PMI 數據緩和了對 6 月聯準會 (Fed) 鴿派立場的預期。

Additionally, the US 10-year Treasury yield reached 4.341%, its highest since the start of the year. Hot PCE data diminished optimism about early rate cuts by the Fed, potentially contributing to the overall market volatility.

此外，美國10年期公債殖利率達4.341%，為年初以來最高水準。熱門的個人消費支出數據削弱了人們對聯準會提前降息的樂觀情緒，可能導致整體市場波動。

Expectations for Bitcoin Recovery

對比特幣復甦的預期

Despite the recent downturn, analysts remain optimistic about Bitcoin's trajectory in the long term. Kaiko reported that Bitcoin has historically closed 64% up in the first quarter over the past three years. Spot Bitcoin ETF inflows are also expected to rebound from low levels soon.

儘管最近出現低迷，但分析師仍對比特幣的長期發展軌跡持樂觀態度。 Kaiko 報告稱，比特幣在過去三年第一季的收盤漲幅達到了 64%。現貨比特幣 ETF 流入預計也將很快從低點反彈。

Conclusion

結論

The crypto market has experienced a significant correction, driven by a combination of pre-halving dynamics, weak market sentiment, technical support breakages, and macroeconomic influences. Liquidations have been substantial, indicating increased selling pressure. Despite the recent decline, analysts remain hopeful about Bitcoin's long-term prospects and anticipate a market recovery in the future.

在減半前的動態、疲軟的市場情緒、技術支撐斷裂和宏觀經濟影響的共同推動下，加密貨幣市場經歷了重大調整。清算量很大，顯示拋售壓力增加。儘管最近有所下跌，但分析師仍然對比特幣的長期前景充滿希望，並預計未來市場將會復甦。