以太坊（ETH）和Solana（Sol）價格可能會在5月30日開始債權人還款時跌幅

3月下旬，以太坊價格在狹窄的2％範圍內匯總在1,750美元至1,820美元之間，但即將舉行的流動性事件可能在2025年4月進一步觸發下跌。

Ethereum price has remained bid and consolidated within a narrow 2% range between $1,750 and $1,820 in late March. However, an upcoming liquidity event could trigger further downside in April 2025.

以太坊的價格在3月下旬的1,750美元至1,820美元之間的狹窄2％範圍內保持了競標和合併。但是，即將舉行的流動性事件可能會在2025年4月觸發偏低。

As FTX prepares to begin creditor repayments on May 30, traders are turning their attention to the potential market turbulence that could unfold.

當FTX準備在5月30日開始債權人還款時，交易者將注意力轉向可能展開的潛在市場動盪。

Ethereum (ETH) Set to Close March 2025 with 18% Losses

以太坊（ETH）將於2025年3月關閉，損失18％

Ethereum price is set to post underwhelming performance in March 2025, underperforming significantly as network upgrade concerns, Trump’s tariff policies, and heightened congressional scrutiny of former SEC Commissioner Paul Atkins come into play.

以太坊的價格將在2025年3月的出色表現上表現不佳，隨著網絡升級擔憂，特朗普的關稅政策以及前SEC專員Paul Atkins的國會審查的提高，其表現明顯不足。

At press time, ETH is trading at $1,830, indicating an 18% decline from its March 1 opening price of $2,237. In contrast, Bitcoin (BTC) has remained relatively stable, losing less than 2% for the month as it trades above $83,400 after opening March at $84,400.

發稿時，ETH的交易價格為1,830美元，表明其3月1日開盤價下降了18％。相比之下，比特幣（BTC）保持相對穩定，本月損失不到2％，因為它在3月開業後以84,400美元的價格交易超過83,400美元。

The stark divergence in performance highlights Ethereum’s exposure to additional bearish catalysts beyond broader macroeconomic risks.

性能的鮮明分歧突顯了以太坊暴露於更廣泛的宏觀經濟風險之外的其他看跌催化劑。

FTX Payouts from May 30 Could Drain $800 Million in Ethereum and Solana Liquidity

從5月30日起，FTX支出可能會流失8億美元的以太坊和Solana流動性

Ethereum’s underperformance relative to Bitcoin signals the influence of asset-specific headwinds.

以太坊相對於比特幣的表現不佳信號表明資產特定逆風的影響。

One major catalyst is the impending FTX repayments, set to commence on May 30. Over the past few months, the bankrupt exchange has systematically moved assets into exchange wallets, preparing for liquidation.

一個主要的催化劑是即將開始的FTX還款，定於5月30日開始。在過去的幾個月中，破產的交換已系統地將資產轉移到了交換錢包中，為清算做準備。

On-chain data from Arkham Intelligence reveals that FTX holds over $800 million in assets hosted on the Ethereum and Solana blockchains.

來自Arkham Intelligence的鍊鍊數據表明，FTX持有以太坊和Solana區塊鏈上託管的8億美元資產。

As seen in the chart above, 61% of these holdings are Solana-based assets, while 39% are Ethereum-based.

如上圖所示，這些持股中有61％是基於索拉納的資產，而39％的資產是基於以太坊的。

Since FTX’s collapse in November 2022, Solana, Bitcoin, Ethereum, and XRP have surged in value, with SOL leading the gains at approximately 650%.

自2022年11月FTX倒閉以來，Solana，Bitcoin，Ethereum和XRP的價值飆升，Sol的增長率約為650％。

However, court filings confirm that FTX repayments will be made in USD, necessitating asset liquidations to generate cash.

但是，法院申請證實，FTX還款將以美元進行，因此需要資產清算以產生現金。

The anticipation of this forced selling has already placed downward pressure on ETH and SOL prices, with further declines expected in April 2025.

對這種強制銷售的期望已經對ETH和SOL價格的下降壓力，預計在2025年4月會進一步下降。

FTX will begin repaying major creditors on May 30 from its $11.4 billion reserve, with some payouts reaching up to 118% per claim.

FTX將從5月30日從其114億美元的儲備金開始償還主要債權人，每次索賠的支出最高可達118％。

However, the repayments are based on crypto prices at the time of FTX’s bankruptcy, disregarding the significant gains these assets have made since late 2022. To compensate for the time delay, creditors will receive an additional 9% annual interest on their claims.

但是，償還基於FTX破產時的加密價格，無視這些資產自2022年底以來所取得的巨大收益。為了彌補時間延遲，債權人將額外獲得9％的年度利息。

Ethereum and Solana Could Underperform in April 2025

以太坊和索拉納在2025年4月可能表現不佳

Given the upcoming FTX liquidation event, Solana and Ethereum price forecast signals could continue lean bearish and underperform relative to Bitcoin and other major assets.

鑑於即將舉行的FTX清算事件，相對於比特幣和其他主要資產，Solana和Ethereum價格預測可能會繼續傾向和表現不佳。

The market has already priced in expectations of substantial sell pressure, and further downside remains likely if liquidation volumes exceed current projections. Unless new demand offsets these sales, ETH and SOL could see a challenging start to Q2 2025.

該市場已經定價為巨大的賣出壓力，如果清算量超過目前的預測，則可能會進一步的缺點。除非新需求抵消這些銷售，否則ETH和SOL可能會在第2季度2025年開始有挑戰性。

Frequently Asked Questions (FAQs)

常見問題（常見問題解答）

1. What is causing Ethereum’s price decline in March 2025?

1。是什麼導致以太坊在2025年3月的價格下降？

Ethereum price has underperformed relative to Bitcoin, signaling the presence of asset-specific sell-side pressure.

以太坊價格相對於比特幣的表現不佳，表明資產特定的賣方壓力的存在。

This weakness can be attributed to several factors, including:

這種弱點可以歸因於幾個因素，包括：

* Network upgrade concerns: The community is still debating the introduction of EIP-4844, which could reduce gas fees but also encountered strong opposition from BitMEX Research analysts.

*網絡升級問題：社區仍在辯論EIP-4844的引入，這可能會降低汽油費，但也遇到了BITMEX研究分析師的強烈反對。

* Trump’s tariff policies: A report by The Block highlights how Trump’s tariffs on China are affecting cryptocurrency prices.

*特朗普的關稅政策：該街區的一份報告強調了特朗普對中國的關稅如何影響加密貨幣價格。

* Heightened congressional scrutiny of former SEC Commissioner Paul Atkins is also a factor contributing to market volatility.

*前美國證券交易委員會專員保羅·阿特金斯（Paul Atkins）的國會審查得到了加強，這也是導致市場波動的一個因素。

2. How will FTX’s repayments impact Ethereum and Solana?

2。 FTX的還款將如何影響以太坊和Solana？

FTX is set to begin paying back creditors on May 30, beginning with major claims. These payouts will be based on crypto prices at the time of FTX’s bankruptcy, despite the significant gains these assets have made since late 2022.

FTX將於5月30日開始償還債權人，從重大索賠開始。這些支出將基於FTX破產時的加密價格，儘管這些資產自2022年底以來取得了巨大收益。

To compensate for the time delay, creditors will receive an additional 9% annual interest on their claims.

為了彌補時間延遲，債權人將額外獲得9％的年度利息。

3. Can Ethereum recover after the FTX sell-off?

3。在FTX拋售後，以太坊可以恢復嗎？

The prospect of FTX offloading $800 million in Ethereum and Solana to make creditor repayments signals potential turbulence for the crypto market in April 2025.

FTX在以太坊和Solana中卸載了8億美元的前景，以使債權人還款表明2025年4月的加密貨幣市場可能動盪。

As FTX prepares to begin paying back creditors on May 3

當FTX準備從5月3日開始償還債權人