隨著大量代幣釋放威脅市場，加密貨幣暴跌

加密貨幣市場仍處於調整階段，即將到來的一波價值數十億美元的代幣解鎖浪潮可能會加劇這種情況。在接下來的十週內，價值近 20 億美元的代幣將被釋放，從而增加供應並可能抑制價格。這種拋售壓力不僅限於山寨幣，預計將有超過 110 億美元的比特幣分配給債權人，這進一步加劇了市場的不確定性。

Cryptocurrencies Flounder Amidst Multi-Billion-Dollar Supply Influx

加密貨幣在數十億美元的供應湧入中陷入困境

The cryptocurrency market remains mired in a corrective phase, with a series of impending supply events threatening to further stifle any meaningful recovery.

加密貨幣市場仍陷入修正階段，一系列即將發生的供應事件有可能進一步扼殺任何有意義的復甦。

A recent report by crypto analytics firm 10x Research has identified nearly $2 billion worth of token unlocks scheduled over the next ten weeks, casting a bearish shadow over altcoins. These significant unlocks typically involve the distribution of previously locked-up assets to team members, organizations, and investors, increasing supply and potentially weighing on prices.

加密貨幣分析公司 10x Research 最近的一份報告顯示，未來十週內將有價值近 20 億美元的代幣解鎖，這給山寨幣蒙上了看跌陰影。這些重大解鎖通常涉及將先前鎖定的資產分配給團隊成員、組織和投資者，從而增加供應並可能對價格造成壓力。

Over the coming two months, a staggering $97 million of aptos (APT), $79 million of starkware (STRK), $94 million of arbitrum (ARB), $53 million of Immutable X's (IMX), $330 million of Avalanche's (AVAX), $64 million of optimism (OP), $28 million of PRIME, nearly $1 billion of sui (SUI), $48 million of ethena (ENA), $171 million of Altlayer's ALT, and $135 million of XAI tokens are slated to enter circulation.

在接下來的兩個月裡，aptos (APT) 的價值高達9,700 萬美元，starkware (STRK) 的價值為7,900 萬美元，arbitrum (ARB) 的價值為9,400 萬美元，Immutable X (IMX) 的價值為5,300 萬美元，Avalanche (AVAX) 的價值為3.3 億美元，Avalanche 的(AVAX) 的價值為64 美元。 SUI)、價值4,800 萬美元的ethena (ENA)、價值1.71 億美元的Altlayer ALT 和價值1.35 億美元的XAI 代幣預計將進入流通。

According to the report, venture capital investors may feel pressured to secure their recent gains by selling off unlocked tokens, potentially capping any positive momentum in these assets.

該報告稱，風險資本投資者可能會感到壓力，需要透過出售未鎖定的代幣來確保近期收益，這可能會限制這些資產的積極勢頭。

The selling pressure is not limited to altcoins. Over $11 billion worth of bitcoin (BTC) is set to be distributed to creditors of crypto exchange Gemini's Earn program and the defunct Mt. Gox marketplace. K33 Research analyst Velte Lunde warns that these events could stoke market fear, uncertainty, and doubt (FUD).

拋售壓力不僅限於山寨幣。價值超過 110 億美元的比特幣 (BTC) 將分配給加密貨幣交易所 Gemini 的 Earn 計劃和已關閉的 Mt. Gox 市場的債權人。 K33 Research 分析師 Velte Lunde 警告稱，這些事件可能會引發市場恐懼、不確定性和懷疑 (FUD)。

Amidst these upcoming supply events, some market observers have pointed to the potential mitigating effect of FTX repayments. Pending bankruptcy court approval, approximately $14-$16 billion in U.S. dollars could be disbursed to creditors, with a portion expected to find its way back into the crypto market.

在這些即將到來的供應事件中，一些市場觀察家指出了 FTX 還款的潛在緩解作用。在破產法院批准之前，大約 140-160 億美元可能會支付給債權人，其中一部分預計將重新回到加密貨幣市場。

However, the immediate outlook for cryptocurrencies remains bleak. The CoinDesk 20 Index, a broad market indicator, declined by 3.4% over the past 24 hours as of late Wednesday in the U.S. Bitcoin fell 2.5% to $61,500, while ether (ETH) dropped 3.6%. Bitcoin cash (BCH) and Solana (SOL) were the index's worst performers, plummeting by over 7% each.

然而，加密貨幣的近期前景仍然黯淡。截至週三晚間，美國大盤指標 CoinDesk 20 指數在過去 24 小時內下跌了 3.4%，其中比特幣下跌 2.5%，至 61,500 美元，而以太坊 (ETH) 則下跌 3.6%。比特幣現金 (BCH) 和 Solana (SOL) 是該指數表現最差的貨幣，均下跌超過 7%。

As these supply events unfold, investors should exercise caution and monitor market developments closely. Until these overhangs are resolved, the cryptocurrency market is likely to remain under pressure, making it challenging for tokens to regain sustained upward momentum.

隨著這些供應事件的展開，投資者應保持謹慎並密切關注市場發展。在這些懸而未決的問題解決之前，加密貨幣市場可能仍面臨壓力，這使得代幣恢復持續上漲勢頭面臨挑戰。