報導加密市場下降中的以太坊和索拉納鉛損失

加密貨幣市場已面臨大幅下降，前五名的加密貨幣損失了659億美元

The cryptocurrency market has seen significant market drawdowns, with the top five cryptocurrencies losing a combined $659 billion since their 2025 peak, according to Cryptoquant and its researchers, cryptoquant.com reports.

CryptoQuant.com報導，加密貨幣市場已經大大減少了市場的大幅度下降，根據CryptoQuant及其研究人員的數據，自2025年峰值以來，前五名的加密貨幣損失了6590億美元。

Among the top five cryptocurrencies, ethereum ( ETH ) and solana ( SOL ) led the losses, with ethereum’s market capitalization dropping by 44% to $240 billion, and solana ( SOL ) declining by 43% to $73 billion.

以太坊（ETH）和索拉納（Sol）（SOL）排名前五的加密貨幣中，以太坊的市值下降了44％，至2400億美元，而索拉納（Sol）（Sol）下降了43％，至730億美元。

Bitcoin ( BTC ) and binance coin ( BNB ) demonstrated relative resilience, with bitcoin’s market cap down 18% to $1.735 trillion, and BNB falling by only 15% to $91 billion, Cryptoquant data shows.

比特幣（BTC）和Binance Coin（BNB）表現出相對的彈性，比特幣的市值下降了18％，至1.735萬億美元，而BNB僅下降了15％，至910億美元，CryptoQuant的數據顯示。

Cryptoquant’s analysis highlights that bitcoin and BNB experienced the lowest drawdowns, both losing approximately 20% from their all-time highs. By contrast, ethereum’s price has reached a notably undervalued position against bitcoin, with the ETH/BTC ratio dropping 72% since September 2022.

隱式分析強調，比特幣和BNB經歷了最低的下水道，兩者均從歷史高位損失約20％。相比之下，以太坊的價格已被低估了對比特幣的價值，自2022年9月以來，ETH/BTC比率下降了72％。

“ ETH’s price has entered an extremely undervalued area relative to bitcoin for the first time since January 2020,” the report notes.

該報告指出：“自2020年1月以來，ETH的價格已經進入了一個被低估的比特幣。”

XRP, while initially benefiting from increased investor optimism after the 2024 U.S. presidential election, has since faced stagnation. Following Donald Trump’s victory, XRP’s market capitalization surged from $30 billion to $142 billion by March 2025.

XRP雖然在2024年美國總統大選後最初受益於投資者的樂觀情緒，但此後一直處於停滯狀態。在唐納德·特朗普（Donald Trump）的勝利之後，XRP的市值從2025年3月飆升至300億美元增加到1420億美元。

“However, the activity on XRPL has since cooled off, with active addresses down to the 20K-40K area,” Cryptoquant’s analysis states.

CryptoQuant分析指出：“但是，XRPL上的活動已經冷靜下來，主動地址降低到20K-40K區域。”

Bitcoin’s market sentiment remains subdued, with Cryptoquant’s Bull Score Index at 20, its lowest reading since January 2023. The Bull Score, a metric designed to gauge market optimism, suggests that bitcoin’s investment environment remains weak.

比特幣的市場情緒仍然柔和，加密量的公牛得分指數為20，這是2023年1月以來的讀數最低。牛公牛得分是一種旨在衡量市場樂觀的度量，表明比特幣的投資環境仍然很弱。

“With a Bull Score of 20, the model suggests a weak investment environment for Bitcoin, reducing the likelihood of a sustained rally in the near term,” the researchers explain. “If the score remains below 40 for an extended period, it could signal the continued bearish market conditions, similar to previous bear market phases.”

研究人員解釋說：“該模型的公牛得分為20，比特幣的投資環境較弱，從而減少了近期持續集會的可能性。” “如果長時間的分數保持在40以下，則可能表明與以前的熊市階段相似的看跌市場狀況。”

Cryptoquant’s report illustrates the challenges facing ethereum and solana as they navigate sharper losses than their counterparts. Ethereum’s underperformance, particularly against bitcoin, has reignited debates over the platform’s long-term valuation.

CryptoQuant的報告說明了以太坊和Solana面臨的挑戰，因為它們與同行相比，他們導致更清晰的損失。以太坊的表現不佳，尤其是針對比特幣的表現不佳，重新激發了該平台的長期估值。

Meanwhile, BNB and bitcoin’s relative stability has positioned them as the most resilient among the top five cryptocurrencies.

同時，BNB和比特幣的相對穩定性將它們定位為前五名加密貨幣中最有彈性。

While XRP initially capitalized on regulatory optimism, Cryptoquant emphasizes that sustained growth may depend on increased network activity and broader market recovery. The current divergence in cryptocurrency performance reinforces the mixed sentiment and uncertainty surrounding the crypto market’s future direction.

儘管XRP最初以監管的樂觀為基本，但加密素養強調，持續增長可能取決於網絡活動的增加和更廣泛的市場恢復。當前的加密貨幣性能差異加強了加密市場未來方向的混合情緒和不確定性。