特朗普新的“解放日”關稅的以太坊（ETH）市場捲軸

隨著特朗普新的“解放日”關稅和突然流動性緊縮的全球市場捲起，加密貨幣市場正在經歷其最嚴重的縮減之一

As global markets reel from Trump’s new “Liberation Day” tariffs and a sudden liquidity crunch, the crypto market is undergoing one of its most severe drawdowns since 2020. While Bitcoin has managed to hold relatively better ground, Ethereum is facing sharper losses. This has raised questions about why ETH is bleeding more than BTC in this downturn.

隨著特朗普新的“解放日”關稅和突然流動性緊縮的全球市場捲起，加密貨幣市場自2020年以來最嚴重的縮減之一。儘管比特幣設法保持了相對更好的地面，但以太坊卻面臨較尖銳的損失。這引發了關於為什麼ETH在這一低迷中流血更多的問題的問題。

According to a recent report by Capital Flows, the ETH market saw capital inflows of +15.5B/month at its peak but is now experiencing outflows of -$6B/month. In contrast, the BTC market’s inflows have slowed but are still positive at +6B/Month.

根據Capital Flow的最新報告，ETH市場的資本流入率為 +15.5b/月，但現在的流出量為-6B $ 6B。相比之下，BTC市場的流入減慢，但仍為 +6b/月的陽性。

The BTC vs ETH Realised Cap chart shows that since late 2022, Etheruem’s realised cap grew by only +32%, form $183B to $244B. However, the realised cap of Bitcoin during the period surged by at least +117%, from $402B to $870B.

BTC vs ETH實現了上限圖顯示，自2022年底以來，Etheruem的實現上限僅增長​​了 +32％，形式為$ 183B至$ 244B。但是，在此期間，已實現的比特幣上限至少 +117％，從$ 402B到$ 870B。

This means that BTC has attracted much more investor demand than Ethereum in this cycle.

這意味著在這個週期中，BTC吸引了比以太坊更多的投資者需求。

According to the BTC vs ETH MVRV chart, the MVRV ratio of ETH has declined below 1.0, and the same ratio of BTC has stayed above 1.0. The MVRV ratio is the ratio between the market value of a crypto-asset and its realised value.

根據BTC與ETH MVRV圖表，ETH的MVRV比率下降到1.0以下，而BTC的相同比率保持在1.0以上。 MVRV比是加密資產的市場價值與其實現價值之間的比率。

This chart indicates that average ETH holders are now at a loss, but BTC holders still have paper profits. Investors in loss are more likely to sell. This explains increasing selling pressure in the Ethereum market.

該圖表表明，平均ETH持有人現在有所虧損，但BTC持有人仍然有紙質利潤。損失投資者更有可能出售。這解釋了以太坊市場的銷售壓力增加。

The report further adds that Bitcoin holders have had higher average profit than ETH holders for 812 consecutive days. This long-term underperformance adds to the weaker sentiment around ETH.

該報告進一步補充說，比特幣持有人連續812天的平均利潤高於ETH持有人。這種長期表現不佳增加了ETH周圍的弱點。

Since September 2022, the ETH/BTC pair has dropped at least 75%. At the start of this month, the Ethereum/Bitcoin pair was at 0.02207. Since then, the market has slipped by over 11.46%.

自2022年9月以來，ETH/BTC對下降了至少75％。在本月初，以太坊/比特幣對為0.02207。從那以後，市場下跌了11.46％。

This also shows that Etherem is severely underperforming compared to Bitcoin.

這也表明，與比特幣相比，Etherem的表現嚴重不足。

According to the latest report from Capital Flows, ETH investors locked in $564M in realised losses, compared to $240M for BTC during the latest sell-off.

根據資本流量的最新報告，ETH投資者鎖定了5.64億美元的已實現損失，而最新拋售期間，BTC為2.4億美元。

Notably, in the past bull markets, ETH would occasionally outperform BTC, This cycle =m that has not happened.

值得注意的是，在過去的牛市中，ETH偶爾會勝過BTC，這個週期= M尚未發生。

In conclusion, with investor sentiment weakening and capital flows drying up, Etheruem’s underperformance may continue unless strong bullish momentum returns.

總之，隨著投資者的情緒減弱和資本流動枯竭，除非穩健的看漲勢頭回報，否則Etheruem的表現不佳。

Never Miss a Beat in the Crypto World!

永遠不要錯過加密世界中的節拍！

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

在Breaking News，專家分析以及對比特幣，Altcoins，Defi，NFTS等最新趨勢的實時更新中保持領先地位。

FAQs

常見問題解答

While Ethereum is trusted for its stout fundamentals, Bitcoin continues to dominate with its widespread adoptions.

儘管以太坊因其粗壯的基本面而受到信任，但比特幣繼續以廣泛的收養為主。

As per our Ethereum price prediction 2025, the ETH price could reach a maximum of $5,925.

根據我們的以太坊價格預測2025，ETH價格最高可達到5,925美元。

As per our latest ETH price analysis, Ethereum could reach a maximum price of $123,678.

根據我們最新的ETH價格分析，以太坊的最高價格為123,678美元。

By 2050, a single Ethereum price could go as high as $255,282.

到2050年，一個以太坊的價格可能高達255,282美元。