加密貨幣市場扭轉了課程，損失了近5000億美元的市值

在過去的48小時內，加密貨幣市場發生了暴力逆轉，損失了近5000億美元的市值。三個最受歡迎的山寨幣，Dogecoin，Solana和XRP

The cryptocurrency market has experienced a violent reversal over the last 48 hours, wiping out almost $500 billion in market capitalization. Three of the most popular altcoins, Dogecoin, Solana and XRP, have seen drops of up to 20%, leaving traders perplexed.

在過去的48小時內，加密貨幣市場經歷了暴力逆轉，從而消除了近5000億美元的市值。最受歡迎的山寨幣中有三個，Dogecoin，Solana和XRP，跌幅高達20％，使商人感到困惑。

A startling series of events led to the sharp decline on the market. On Sunday, the establishment of a U.S. Cryptocurrency Reserve was announced, setting off a surge of optimism. As a result, the cryptocurrency market capitalization recovered most of its recent losses, rising to $3.11 trillion from $2.77 trillion.

一系列令人震驚的事件導致市場上的急劇下降。週日，宣佈建立美國加密貨幣保護區，引發了樂觀的激增。結果，加密貨幣市值從2.77萬億美元恢復了其最近的大部分損失，從2.11萬億美元上升到3.11萬億美元。

However, the market abruptly reversed again in the next day and declined to $2.6 trillion, which was $100 billion less than its pre-announcement level. Many investors were caught off guard by this sudden shift, highlighting the cryptocurrency market’s extreme volatility and speculative nature.

但是，市場在第二天突然逆轉，下降到2.6萬億美元，比其前宣布水平少1000億美元。由於這種突然的轉變，許多投資者措手不及，強調了加密貨幣市場的極端波動和投機性。

For instance, Ethereum’s price action showcases the market’s rapid turnaround. Before the reserve declaration, ETH had slumped to $2,173. Following the announcement, it surged to $2,550 but then dropped back to $2,050, which is 8% lower than its pre-announcement level.

例如，以太坊的價格行動展示了市場的快速周轉。在儲備宣布之前，ETH跌至2,173美元。宣布後，它飆升至2,550美元，但隨後又降至2,050美元，比其上市前的水平低8％。

This type of extreme volatility, transforming what looked like a bullish catalyst into a painful bull trap, reflects a significant change in investor sentiment.

這種極端波動，將看起來像看漲的催化劑變成了痛苦的牛陷阱，這反映了投資者情緒的重大變化。

The Crypto Fear and Greed Index was at 20 prior to the announcement, indicating Extreme Fear. It soared to 55, nearly touching Greed, after the reserve news. The fact that it is now back down to 24 shows a total reversal of sentiment.

加密恐懼和貪婪指數在宣布之前為20，表明極端恐懼。預備役新聞後，它飆升至55，幾乎觸及了貪婪。現在回到24個事實表明，完全逆轉了情感。

Further contributing to the pessimistic outlook, capital has been flowing out of cryptocurrency funds in record numbers, with a weekly outfall of $2.06 billion, an increase of $500 million from the prior record set in 2024. Despite the ostensibly optimistic announcement of the reserve, investors are quickly pulling their funds out of crypto.

進一步促進了悲觀的前景，資本一直以創紀錄的數量從加密貨幣資金中流出，每週的排放量為20.6億美元，比2024年的紀錄增加了5億美元。儘管表面上樂觀地宣布了儲備金，但投資者仍在迅速將其資金從Crypto中撤出。

The main culprit: a global trend away from riskier assets. Trade wars and economic uncertainty are causing investors to move away from speculative markets. Along with traditional markets like oil and stock markets, which also saw declines this week, safe-haven assets like gold saw a 10% increase in 2024, while Bitcoin has seen a 10% decrease so far this year.

主要罪魁禍首：遠離風險較高的全球趨勢。貿易戰和經濟不確定性導致投資者擺脫投機市場。除了本週的石油和股票市場等傳統市場，諸如黃金之類的安全資產在2024年增加了10％，而今年迄今為止，比特幣下降了10％。

Even in the face of significant bullish catalysts, the macroeconomic environment is putting pressure on the market, as seen in the recent price activity.

即使面對重要的看漲催化劑，宏觀經濟環境也在市場上施加壓力，如最近的價格活動所示。