一月份的爆發在Memecoins中的大規模投機泡沫

就其本身而言，過去幾周中普通加密貨幣市場拋售似乎是足夠的理由。

The January bursting of a massive speculative bubble in memecoins by itself seemed good enough reason for the general crypto market selloff of the past several weeks.

一月份在Memecoin中爆發了大規模投機泡沫本身似乎是足夠的理由，使過去幾週的加密貨幣市場拋售了。

The declines sped up in a big way this week, though, in part thanks to growing risk-off sentiment in the previously perky stock market.

不過，本週的下降大幅度加劇了，部分原因是以前活潑的股票市場的風險不斷增長。

Down more than 2% about 45 minutes before the close of trade on Thursday, the Nasdaq is now lower by roughly 7% over the past handful of sessions. Today's losses are being led by the chipmakers following Nvidia's (NVDA) fourth quarter earnings report last night. NVDA is lower by 5%.

在周四交易結束前約45分鐘下，納斯達克人現在下降了2％以上，現在在過去的幾次會議上下降了約7％。昨晚NVIDIA（NVDA）第四季度收益報告後，今天的損失是由芯片製造商帶領的。 NVDA較低5％。

The selloff in stocks came as many of the leading names were selling at lofty valuations after what seemed like months worth of unchecked gains. Toss into the mix President Trump's continual tariff threats — the latest being punitive levies against Mexico, Canada, and China to begin on Tuesday — and the stage was set for the current correction.

股票的拋售是出現的，因為似乎幾個月的未經檢查的收益似乎都以巨大的估值出售。將特朗普總統持續的關稅威脅陷入混音 - 最新的是對墨西哥，加拿大和中國的懲罰性徵稅，並於週二開始 - 階段是為了進行目前的糾正。

"Maximum caution is warranted in risk assets," said Quinn Thompson, founder of hedge fund Lekker Capital. "Inflation data is coming in way too hot for the Fed to cut rates in the near-term, long-term inflation expectations are unanchoring to the upside (big red flag) and now U.S. economic data is looking like the 'Trump bump' was a dead cat bounce."

對沖基金Lekker Capital的創始人Quinn Thompson說：“風險資產的最大謹慎是必要的。” “通貨膨脹數據變得太熱了，對於美聯儲在近期降低費率，長期通貨膨脹期望是無法實現的（大危險信號），現在美國的經濟數據看起來像是'trump bump'是一隻死貓的反彈。”

On crypto specifically, there's no suger-coating from Thompson: "Every possible good news item imaginable has come and gone without much upward pressure on price," he said. "Investors have forgotten that bear markets are possible and what they look like." He's targeting the $70,000s for bitcoin by the end of March.

特別是在加密貨幣上，湯普森沒有任何suge塗：“可以想像到的所有可能的好消息都在沒有太大的價格壓力的情況下消失了，”他說。 “投資者已經忘記了熊市是可能的，以及它們的外觀。”到3月底，他的目標是比特幣的70,000美元。