1英寸團隊投資基金最近清算了大量關鍵資產

就在過去的一個小時中，該基金已出售37.9 WBTC（價值約328萬美元）和511 ETH（約105萬美元）

The 1inch team investment fund has recently liquidated a large number of key assets in a move that is not so surprising, seeing as the sustained bearish market has put the fund "underwater" on many of its current investments.

1英寸的團隊投資基金最近在此舉中清算了大量關鍵資產，這並不令人驚訝，因為持續的看跌市場已將該基金“水下”“水下”投入了目前的許多投資。

This past hour saw the fund sell off 37.9 WBTC at $86,578 and 511 ETH at $2,072.

在過去的一個小時裡，該基金以86,578美元的價格出售了37.9 WBTC，售價為511 ETH，價格為2,072美元。

The move has naturally led some to speculate on what the 1inch team is up to, especially given that the fund had previously been very open about making a series of investments in February and March.

此舉自然會導致一些人推測1英寸團隊的工作，尤其是考慮到該基金以前在2月和3月進行一系列投資非常開放。

Between February 2 and March 10, the 1inch team’s investment fund was very active in investing in major cryptocurrencies. The fund made a significant number of purchases in several large-cap tokens, including WBTC, ETH, and their native token, 1INCH. When all was said and done, the fund had allocated an eye-popping $44.22 million to these 1INCH and other investments.

在2月2日至3月10日之間，1英寸團隊的投資基金非常積極地投資重大加密貨幣。該基金在包括WBTC，ETH及其本地令牌1英寸的幾個大型代幣中進行了大量購買。當一切都說完之後，該基金向這些1英寸和其他投資分配了一筆高達422萬美元的款項。

– Ethereum (ETH): Of $28.85 million, 11,198 ETH were acquired. For the average price of $2,577 per coin, the total purchase was made.

- 以太坊（ETH）：獲得了2885萬美元，獲得了11,198 ETH。對於每枚硬幣2577美元的平均價格，進行了總購買。

– Wrapped Bitcoin (WBTC): $14.21 million was spent on obtaining 160.8 WBTC, buying them at an average price of $88,395.

- 包裝比特幣（WBTC）：花費了1421萬美元，用於獲得160.8 WBTC，平均價格為88,395美元。

– 1INCH Tokens: The leftover $1.15 million was utilized to purchase 4.7 million 1INCH tokens, with an average price of $0.245 per token.

- 1英寸令牌：剩餘的115萬美元用於購買470萬個1英寸令牌，平均價格為0.245美元。

However, even with substantial funding, the team now finds itself in a down position, with the prices of both ETH and WBTC having dropped significantly since those purchases. This is a tough spot, especially for a fund that has earned a reputation for making profitable trades.

但是，即使有大量資金，該團隊現在仍然處於下跌地位，自購買以來，ETH和WBTC的價格都大幅下降。這是一個艱難的地方，尤其是對於以盈利交易而贏得聲譽的基金而言。

For instance, ETH, which was purchased at an average price of $2,577, has declined in the present market to around $2,072, bringing a heavy load of unrealized losses. On the other hand, WBTC, bought at an average of $88,395, has also depreciated in value, causing the fund’s overall performance to suffer even more.

例如，以2,577美元的平均價格購買的ETH已在當前市場下降至2,072美元左右，帶來了大量未實現的損失。另一方面，平均以88,395美元的價格購買的WBTC也貶值了，導致該基金的整體績效更加遭受。

A Strategic Sell-Off or Preemptive Loss Mitigation?

戰略拋售或先發製人的減輕損失？

Given the downturn, the recent actions of the 1inch team—specifically, when they sold 37.9 WBTC at $86,578 and 511 ETH at $2,072—have raised questions among some folks in the crypto space. Are they trying to cut their losses? That’s what it looks like; and if so, it could indicate that the fund intends to preserve some capital and limit further losses, especially as the value of their holdings seems to be on a continued downward trajectory.

鑑於經濟低迷，1英寸團隊最近的行動 - 特別是當他們以86,578美元的價格出售37.9 WBTC和511 ETH時，以$ 2,072的價格出售了37.9 WBTC，在加密貨幣領域的某些人中提出了問題。他們是否試圖減少損失？那就是它的樣子；如果是這樣，它可能表明該基金打算保留一些資本並限制進一步的損失，尤其是因為其持有的價值似乎持續下降。

The choice to sell WBTC and ETH might have been a reaction to the wider market’s unsatisfactory performance, which has affected the worth of numerous assets throughout the cryptocurrency sector. By truncating part of their holdings, the 1inch team could be aiming to release capital for the more auspicious opportunities that surely lie in wait, for a time when the cryptocurrency market as a whole has righted itself.

出售WBTC和ETH的選擇可能是對更廣泛市場的不令人滿意的績效的反應，這影響了整個加密貨幣領域的眾多資產的價值。通過截斷其持股的一部分，1英寸的團隊可能會旨在釋放資本，以獲取更吉祥的機會，肯定會在等待中，而加密貨幣市場整體上都糾正了。

One possible interpretation of the situation is this. The 1inch team, which has previously traded WBTC, ETH, and 1INCH profitably, is now conducting a sell-off. Why? It might be part of a tactical approach to minimizing risk and avoiding larger losses in the mix of assets mentioned. If these are struggling in the market right now—and the next paragraph lays out some specifics for that—they might make a much wiser investment later when the market swings back.

對情況的一種可能解釋是。以前曾在WBTC，ETH和1英寸盈利的1英寸團隊中進行了拋售。為什麼？這可能是一種戰術方法的一部分，可以最大程度地降低風險並避免提到的資產組合中造成更大的損失。如果這些目前正在市場上掙扎，而下一段為此提供了一些細節，那麼當市場退後時，他們可能會進行更明智的投資。

Are the 1inch Team’s Trades Still Profitable in the Long Run?

從長遠來看，1英寸團隊的交易仍然可以盈利嗎？

Even though the investment fund of the 1inch team may be currently performing poorly with its held assets, it is vital to acknowledge that this fund has a notable past. In that past, the fund has shown a strikingly high win rate. This history gives the appearance of a team that invests with a long-term strategy and a potential to ride out the storm for future increased market value of its current holdings.

即使1英寸團隊的投資基金目前的持有資產目前的運作效果可能很差，但必須承認該基金有一個顯著的過去。在過去，該基金表現出驚人的獲勝率。這段歷史使一個團隊的外觀投資了長期的戰略，並有可能帶走風暴以增強其當前持股的市場價值。

The team is well-positioned as market players who are capable and knowledgeable about the ups and downs of the market. They have been successful in trading big-name cryptocurrencies such as WBTC and ETH. So, as not to be caught up in or a part of any kind of ‘real or perceived’ market manipulation, if the team is behind this recent sell-off, it is likely a temporary measure to reduce risk while it (or we) prepares for a potential market recovery.

該團隊作為市場參與者的態度很好，他們對市場的起伏有能力且知識淵博。他們已經成功地交易了WBTC和ETH等大型加密貨幣。因此，如果不被捕獲或任何一種“真實或感知到的”市場操縱的一部分，如果該團隊是最近拋售的幕後黑手，那麼這很可能是降低風險（或我們）為潛在市場恢復準備的風險的臨時措施。

For example, if the prices of ETH and WBTC were to stabilize or increase in the next few months, the 1

例如，如果ETH和WBTC的價格將在未來幾個月內穩定或上漲，則