加密貨幣市場於2025年3月28日經歷了顯著波動

加密貨幣市場在2025年3月28日經歷了明顯的波動，比特幣（BTC），以太坊（ETH）和Ripple（XRP）的主要加密貨幣目睹了急劇下降。這是低迷的

The cryptocurrency market experienced significant volatility on March 28, 2025, with major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) witnessing steep declines. This downturn led to a ripple effect across various altcoins, including Curve DAO (CRV), Bonk (BONK), and Pyth Network (PYTH), which were among the biggest losers of the day.

加密貨幣市場在2025年3月28日經歷了明顯的波動，比特幣（BTC），以太坊（ETH）和Ripple（XRP）的主要加密貨幣目睹了急劇下降。這種低迷導致了各種山寨幣的連鎖反應，包括曲線DAO（CRV），Bonk（Bonk）和Pyth Network（Pyth），它們是當今最大的失敗者之一。

Bitcoin fell below the crucial $84,000 mark, a significant psychological barrier for investors. The global market capitalization of cryptocurrencies dropped to approximately $2.72 trillion, reflecting a 4% decrease within just 24 hours. This decline was accompanied by a sharp increase in daily trading volume, which surged 16% to over $90 billion, indicating heightened trading activity amid the market turmoil.

比特幣低於至關重要的$ 84,000大關，這對投資者來說是一個重大的心理障礙。加密貨幣的全球市值下降到約2.7.2萬億美元，反映出僅在24小時內下降了4％。這種下降伴隨著每日交易量的急劇增加，這一數字飆升了16％，達到900億美元以上，這表明在市場動盪中，交易活動增加了。

In the derivatives market, liquidations soared, with data from Coinglass showing an alarming 100% increase in liquidated long and short positions, totaling over $448 million. This spike in liquidations is often indicative of panic selling among investors, particularly in a volatile market environment.

在衍生品市場中，清算量飆升，塗料的數據顯示，清算長和短職位的100％增加了100％，總計超過4.48億美元。清算中的這種激增通常表明投資者恐慌銷售，尤其是在動蕩的市場環境中。

Among the hardest-hit cryptocurrencies, Curve DAO (CRV) plummeted by more than 14%, falling to under $0.50. Similarly, Bonk (BONK) and Sonic (S) each dropped by 12%. Pyth Network (PYTH), Lido DAO, and Bittensor (TAO) also faced declines of 10% in the last 24 hours. Other prominent altcoins like Solana (SOL), XRP, Binance Coin (BNB), and Cardano (ADA) recorded losses between 2% and 6%.

在受到嚴重打擊的加密貨幣中，曲線DAO（CRV）下降了14％以上，跌至0.50美元以下。同樣，Bonk（Bonk）和Sonic（S）分別下降了12％。 Pyth Network（Pyth），Lido Dao和Bittensor（Tao）在過去24小時內也面臨10％的下降。其他突出的山寨幣，例如Solana（Sol），XRP，Binance Coin（BNB）和Cardano（ADA）的損失在2％至6％之間。

Market analysts have been closely monitoring these developments. Mike Alfred, a noted crypto investor and entrepreneur, remarked, "With Bitcoin and other quality long-term assets, it’s always better to get in a bit early than very late." This sentiment reflects the cautious optimism some investors maintain despite the current market challenges.

市場分析師一直在密切監視這些發展。著名的加密投資者和企業家邁克·阿爾弗雷德（Mike Alfred）說：“擁有比特幣和其他優質的長期資產，早期比很晚要早點好。”這種情緒反映了儘管當前的市場挑戰，但一些投資者仍保持的謹慎樂觀情緒。

On the other hand, the outlook for Ethereum appears increasingly bleak. After lagging behind Bitcoin during the recent bull market, ETH has fallen 20% over the past month and is currently 47% below its all-time highs from the previous year. As of March 28, the price of Ethereum was hovering around $1,890.

另一方面，以太坊的前景似乎越來越黯淡。在最近的牛市落後於比特幣之後，ETH在過去一個月中下降了20％，目前比上一年比其歷史最高點低47％。截至3月28日，以太坊的價格徘徊在1,890美元左右。

Quinn Thompson, the Chief Investment Officer of macro hedge fund Lekker Capital, expressed a stark view on Ethereum's future, declaring it "completely dead" as an investment. He pointed to declining transaction activity and user growth, stating, "Make no mistake, $ETH as an investment is completely dead. A $225 billion market cap network that is seeing declines in transaction activity, user growth and fees/revenues. There is no investment case here. As a network with utility? Yes. As an investment? Absolutely not." This perspective underscores the growing skepticism surrounding Ethereum's viability as a profitable asset.

宏觀對沖基金Lekker Capital的首席投資官奎因·湯普森（Quinn Thompson）對以太坊的未來表示了鮮明的看法，宣布它“完全死亡”為投資。他指出，交易活動和用戶的增長下降，並指出：“毫無疑問，$ eth作為投資已經完全消失了。一個2250億美元的市值網絡看到交易活動，用戶增長和收入/收入的下降，這裡沒有投資案例。作為公用事業的網絡。是一個有用的網絡嗎？是的？是的。這種觀點強調了以太坊可行性作為一種有利可圖的資產的越來越多的懷疑。

The broader cryptocurrency market's decline has been exacerbated by external economic factors, including rising inflation rates in the United States. Recent macroeconomic data has contributed to investor anxiety, leading to a bearish sentiment across riskier asset classes, such as cryptocurrencies.

外部經濟因素加劇了更廣泛的加密貨幣市場的下降，包括美國通貨膨脹率上升。最近的宏觀經濟數據導致了投資者的焦慮，導致跨風險的資產類別（例如加密貨幣）產生了看跌的情緒。

In the context of these challenges, the overall cryptocurrency market lost about 4.2% in the last 24 hours, with Ethereum and Ripple also facing significant price drops. ETH and XRP prices fell by over 5%, trading at approximately $1,909 and $2.24, respectively. This sudden selling pressure led to over $336 million being liquidated from the leveraged crypto market, primarily affecting long traders.

在這些挑戰的背景下，過去24小時內的整體加密貨幣市場損失了約4.2％，以太坊和波紋面臨大幅下降。 ETH和XRP價格下跌了5％以上，分別為1,909美元和2.24美元。這種突然的銷售壓力導致超過3.36億美元從槓桿加密市場中清算，主要影響長期交易者。

Another critical factor influencing the market is the declining open interest (OI) in cryptocurrencies. In the past 24 hours, the total OI decreased by about 2.57%, amounting to around $109 billion. Ripple's XRP saw a notable OI drop of approximately 3.21%, reducing its value to $3.92 billion, while Ethereum experienced a 3.58% decline to about $22.37 billion. Bitcoin's OI also fell by about 1%, bringing it down to approximately $56.84 billion.

影響市場的另一個關鍵因素是加密貨幣的開放興趣（OI）下降。在過去的24小時內，總OI降低了約2.57％，總計約1009億美元。 Ripple的XRP顯著下降了約3.21％，將其價值降低到39.2億美元，而以太坊的價值下降了3.58％，降至223.7億美元。比特幣的OI也下降了約1％，使其降至約568.4億美元。

As the market grapples with these pressures, upcoming U.S. customs measures set to take effect on April 2, 2025, add to the uncertainty. These measures have raised concerns among investors about potential regulatory impacts on the cryptocurrency landscape.

隨著市場應對這些壓力的努力，即將在2025年4月2日生效的美國海關措​​施加劇了不確定性。這些措施引起了投資者對潛在監管對加密貨幣景觀的影響的關注。

In the face of these turbulent conditions, a shift in market dynamics is becoming apparent. Short-term holders of cryptocurrencies are increasingly under financial strain, prompting many to sell their holdings. In contrast, long-term investors appear to be taking advantage of lower prices to accumulate assets. This trend indicates a potential transfer of wealth from short-term traders to long-term holders, which could play a crucial role in the market's recovery.

面對這些動蕩的條件，市場動態的轉變變得顯而易見。加密貨幣的短期持有人越來越受財務壓力，促使許多人出售其持股。相比之下，長期投資者似乎利用較低的價格積累資產。這種趨勢表明，財富從短期交易者到長期持有人的潛在轉移，這可能在市場的複蘇中起著至關重要的作用。

The demand for stablecoins has also surged

對Stablecoins的需求也激增