加密貨幣灰階拋售導致市場崩潰，損失 2,000 億美元

加密貨幣市場經歷了大幅下跌，在過去 24 小時內市值損失了約 2,000 億美元。這次經濟低迷恰逢主要產業參與者的大量資產轉移，包括灰階向 Coinbase 發送價值 2.45 億美元的比特幣以及其他各種大型鯨魚運動。這些行動導致了市場調整，導致超過 3.16 億美元的清算，主要是由於交易者試圖在下跌期間利用比特幣多頭部位造成的。

Crypto Markets Capitulate as Grayscale Floods Coinbase With Bitcoin, Sparking $200 Billion Market Cap Plunge

加密貨幣市場投降，灰階比特幣湧入 Coinbase，引發 2,000 億美元市值暴跌

The cryptocurrency markets have plunged by nearly $200 billion in the past 24 hours, with industry giants like Grayscale unloading massive amounts of coins onto the market.

過去 24 小時內，加密貨幣市場暴跌近 2,000 億美元，Grayscale 等產業巨頭將大量代幣拋售市場。

Grayscale's Exodus: Billions in Bitcoin, Altcoins Dumped

灰階的出走：數十億比特幣、山寨幣被拋售

According to Arkham, a blockchain data analysis platform, Grayscale has sent a staggering $245 million worth of Bitcoin (BTC) to Coinbase. The digital asset manager has been transferring BTC in batches of $42.84 million, primarily to Coinbase Prime and addresses linked to Coinbase.

根據區塊鏈數據分析平台 Arkham 稱，Grayscale 已向 Coinbase 發送了價值 2.45 億美元的比特幣 (BTC)。該數位資產管理公司已分批轉移 4,284 萬美元的 BTC，主要轉移至 Coinbase Prime 和與 Coinbase 連結的地址。

"Grayscale has dumped its Bitcoin," fintech expert Ari Paul tweeted, referring to the latest transfer of 22,224 BTC (approximately $1.34 billion).

金融科技專家 Ari Paul 在推特上表示：「Grayscale 已經拋售了比特幣。」他指的是最新的 22,224 BTC（約 13.4 億美元）轉移。

In addition to Bitcoin, Arkham data reveals that Grayscale has also deposited significant amounts of other cryptocurrencies, including Ethereum (ETH), Avalanche (AVAX), Polygon (MATIC), Lido (LDO), Uniswap (UNI), Aave, Chainlink (LINK), and others.

除了比特幣之外，Arkham 數據顯示，灰階還存入了大量其他加密貨幣，包括以太幣(ETH)、Avalanche (AVAX)、Polygon (MATIC)、Lido (LDO)、Uniswap (UNI)、Aave、 Chainlink (LINK) ）， 和別的。

SEC Approval of Bitcoin ETFs Triggers Grayscale Outflows

美國證券交易委員會批准比特幣 ETF 引發灰階資金外流

Grayscale's aggressive selling has been attributed to the recent approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Investors have opted to switch to these ETFs, which offer lower fees than Grayscale's Bitcoin Trust (GBTC).

灰階的大舉拋售歸因於美國證券交易委員會（SEC）最近批准了現貨比特幣交易所交易基金（ETF）。投資者選擇轉向這些 ETF，其費用低於 Grayscale 的比特幣信託 (GBTC)。

"Grayscale has been the biggest loser from the SEC approving a Bitcoin spot ETF," crypto analyst Alex Saunders tweeted. "Billions in outflows from GBTC as people sell their Grayscale shares and buy the ETFs."

加密貨幣分析師 Alex Saunders 發推文稱：“灰度是 SEC 批准比特幣現貨 ETF 的最大輸家。” “隨著人們出售灰階股票併購買 ETF，數十億美元的資金從 GBTC 流出。”

Whale Transfers Intensify Sell-Off

鯨魚轉讓加劇拋售

Compounding the market sell-off are several large wallet transfers to Coinbase, as tracked by Whale Alert. These transfers include:

根據 Whale Alert 追踪，數筆大筆錢包轉移至 Coinbase 加劇了市場拋售。這些轉移包括：

• 75,887,800 USDC (approximately $75.94 million)
• 25,019 ETH (approximately $80.85 million)
• 24,673 ETH (approximately $78.20 million)
• 7,943 ETH (approximately $25.09 million)

Long Bitcoin Traders Liquidated

75,887,800 USDC（約7594萬美元）25,019 ETH（約8085萬美元）24,673 ETH（約7820萬美元）7,943 ETH（約2509萬美元）多頭比特幣交易者平倉

The massive selling pressure from Grayscale and other whales has sparked a wave of liquidations among traders who had leveraged long positions on Bitcoin. According to Coinglass, over $316.29 million in liquidations have occurred in the last 24 hours, mostly from traders who went long on BTC during the dip.

來自灰階和其他鯨魚的巨大拋售壓力引發了利用比特幣多頭部位的交易者的清算浪潮。根據 Coinglass 的數據，過去 24 小時內發生了超過 3.1629 億美元的清算，其中大部分來自在下跌期間做多 BTC 的交易者。

Bitcoin Plunges 18.2%, Altcoins Follow

比特幣暴跌 18.2%，山寨幣緊隨其後

As of writing, Bitcoin is trading at $60,069, down a sharp 18.2% from its all-time high. Other cryptocurrencies have followed suit, with Ethereum losing over 16% and altcoins shedding significant value.

截至本文撰寫時，比特幣交易價格為 60,069 美元，較歷史高點大幅下跌 18.2%。其他加密貨幣也紛紛效仿，以太幣下跌超過 16%，山寨幣價值大幅縮水。

Panic Selling or Strategic Maneuver?

恐慌性拋售還是策略演習？

The reasons behind Grayscale's massive sell-off and the subsequent market plunge remain unclear. Some analysts believe it is a sign of panic selling, while others suggest it could be a strategic move to reposition assets.

灰度大規模拋售以及隨後市場暴跌背後的原因尚不清楚。一些分析師認為這是恐慌性拋售的跡象，而另一些分析師則認為這可能是重新配置資產的策略性舉措。

"Grayscale is a massive player in the crypto market," said crypto analyst Michaël van de Poppe. "Their actions can influence the market sentiment and cause significant price movements."

加密貨幣分析師 Michaël van de Poppe 表示：“灰階是加密貨幣市場的重要參與者。” “他們的行為可以影響市場情緒並導致價格大幅波動。”

The full extent of the market correction remains uncertain, but the sudden sell-off from Grayscale and other whales has sent shockwaves through the cryptocurrency ecosystem.

市場調整的全面程度仍不確定，但灰階和其他鯨魚的突然拋售已經為加密貨幣生態系統帶來了衝擊波。