以太坊市資本化的第二大加密貨幣

由於尚不清楚尚不清楚什麼，因此最近成為了一些繁重的市場運動的主題。

The second-largest cryptocurrency by market capitalization, Ethereum, has lately been the subject of some heavy market movements because of—well, it’s not quite clear what yet.

市場資本化的第二大加密貨幣以太坊最近成為了一些重型市場轉移的主題，因為 - 尚不清楚什麼還不清楚。

On March 27, hackers executed a series of coordinated moves, dumping large amounts of Ethereum onto the market. This has, understandably, raised some concerns about volatility and security within the Ethereum ecosystem. Not to mention, those hackers probably shouldn’t be doing what they’re doing. This has all been happening alongside a severe downturn in Ethereum-related exchange-traded funds (ETFs). Not fun times for investors in the digital asset world.

3月27日，黑客執行了一系列協調的舉動，將大量以太坊投入到市場上。可以理解，這引起了人們對以太坊生態系統中波動和安全性的一些擔憂。更不用說，這些黑客可能不應該做他們在做的事情。這一切都與以太坊相關的交易所交易基金（ETF）的嚴重低迷一起發生了。對於數字資產界的投資者來說，這並不有趣。

The Hack: Large ETH Dump and the Impact on the Market

黑客：大型ETH垃圾場和對市場的影響

As per the latest reports, a fresh wallet has obtained 3,433 ETH from the THORChain decentralized liquidity network. It then promptly sold the same for 6.8 million DAI, putting the price per ETH at $1,981 during the time of the sale. This transaction, albeit a large one, was just an appetizer. Two other wallets, possibly linked to the same group of intruders, were served the main course—a total of 14,064 ETH obtained from THORChain and the Chainflip decentralized exchange. These wallets then flipped their Ethereum for 27.5 million DAI at an average price of around $1,956 per ETH.

根據最新報導，新的錢包已經從胸腔分散的流動性網絡中獲得了3,433個ETH。然後，它立即以680萬迪的價格出售了同樣的價格，在銷售期間，每ETH的價格為1,981美元。這項交易（儘管很大）只是開胃菜。另外兩個可能與同一組入侵者相關的錢包被送達了主菜，共有14,064個ETH從Thorchain和Chainflip分散交易所獲得。然後，這些錢包以2750萬dai的平均價格翻轉了以太坊，每個ETH的平均價格約為1,956美元。

The dump of ETH is very concerning, and the amount involved — more than 17,000 ETH — is a substantial portion of what’s available on the market. The pressure this forced onto Ethereum opened a window for speculators to take the price down. And for a token that has been struggling to find legs lately, the market did not need any help from the outside to lower it further.

ETH的轉儲非常令人擔憂，涉及的金額（超過17,000）是市場上可用物品的很大一部分。這被迫進入以太坊的壓力為投機者打開了一個窗口，以降低價格。對於最近一直在努力找到腿部的代幣，市場不需要外部的任何幫助就可以進一步降低它。

Meanwhile, the hackers behind the hack have plenty of other avenues they could use to put their DAI to work. They could convert it to another asset, still using a pseudo-anonymous method through mixers and other tools. Or, they could find a way to put it to work, which is honestly something we should all be holding our breath for.

同時，黑客背後的黑客還有很多其他途徑，可以用來使自己的dai上班。他們可以將其轉換為另一個資產，但仍使用偽匿名方法和其他工具使用偽匿名方法。或者，他們可以找到一種使它起作用的方法，老實說，這是我們所有人都應該屏住呼吸的方法。

Ethereum ETFs See Outflows Amid the Market Disturbance

以太坊ETF看到市場干擾中的流出

Continuing with the relevant financial products, there was a total net outflow of $4.22 million from Ethereum-focused exchange-traded funds (ETFs) on March 27. Notably, none of the nine Ethereum ETFs that we tracked during this timeframe were able to muster any net inflows. This fact, coupled with the total outflow, indicates a pronounced turn in investor sentiment toward these Ethereum products.

繼續使用相關的金融產品，從3月27日，以以太坊交換基金（ETF）的總淨流出為422萬美元。值得注意的是，我們在此期間所追踪的九個以太坊ETF中沒有一個能夠召集任何淨流入。這一事實與總流出相結合，表明投資者對這些以太坊產品的情緒明顯轉變。

There was a total net inflow of $89.06 million from U.S. spot Bitcoin ETFs on March 27, marking the tenth consecutive day of net inflows. Spot Ethereum ETFs saw a total net outflow of $4.22 million, and none of the nine ETFs clocked any net inflow.

3月27日，美國現貨比特幣ETF的總淨流入總額為8906萬美元，標誌著淨流入的第十天。現場以太坊ETF的總淨流出為422萬美元，而九個ETF中沒有一個淨流入。

This is a big step for Ethereum. For ETF, see “Ethereum ETF.” An Ethereum ETF would allow institutional investors to invest in the Ethereum blockchain and Ether, the cryptocurrency that blockchain “powers,” without holding Ethereum directly. This is a great way for institutional investors to get exposure without having to hold the underlying asset. The problem is that it makes Ethereum a far less stable investment in the long run. And this is quite clearly because there are security issues with Ethereum.

這是以太坊的重要一步。對於ETF，請參見“以太坊ETF”。以太坊ETF將允許機構投資者投資以太坊區塊鍊和以太，即區塊鏈“權力”的加密貨幣，而無需直接持有以太坊。這是機構投資者在不必持有基礎資產的情況下獲得曝光率的好方法。問題在於，從長遠來看，以太坊的投資要降低得多。這很明顯，因為以太坊存在安全問題。

Broader Implications for Ethereum and the Crypto Market

對以太坊和加密市場的更廣泛影響

The actions of these hackers and the liquidations of Ethereum ETFs could have broader implications for the cryptocurrency market.

這些黑客的行動和以太坊ETF的清算可能對加密貨幣市場具有更廣泛的影響。

As these ETFs are pulling back, they’re selling ETH in big quantity—perhaps in response to the recent price drop or as part of some broader portfolio adjustments. The thinking here is that if these ETFs are pulling back, they may be selling ETH to decrease their risk exposure, which could be a factor in the continuing decline of the digital asset.

隨著這些ETF的退縮，他們大量出售ETH - 也許是響應最近的價格下跌或作為一些更廣泛的投資組合調整的一部分。這裡的想法是，如果這些ETF退縮，它們可能正在出售ETH以降低風險敞口，這可能是數字資產持續下降的一個因素。

However, hackers haven’t been sitting idle, either. They’ve also been busy selling off a big pile of ETH. According to Lookonchain, a crypto analysis firm, two fresh wallets—likely linked to the same group of intruders—were served a main course of 14,064 ETH, obtained from both THORChain and the Chainflip decentralized exchange. They flipped this ether for 27.5 million DAI at an average price of around $1,956 per ETH.

但是，黑客也沒有閒置。他們還一直在忙著出售一大堆ETH。根據加密分析公司Lookonchain的說法，兩個新鮮的錢包與同一組入侵者相關 - 主要是從Thorchain和Chainflip分散交易所獲得的14,064個ETH的主課程。他們以每ETH的平均價格以2750萬美元的價格翻轉了這一以太。

The thinking here is that if these ETFs are pulling back, they may be selling ETH to decrease their risk exposure, which could be a factor in the continuing decline of the digital asset. But if we're thinking about broader implications, then we should also be thinking about the fact that these hackers are pulling back, too. According to Lookonchain, a crypto analysis firm, two fresh wallets—likely linked to the same group of intruders—were served a main course of 14,064 ETH, obtained from both THORChain and the Chainf

這裡的想法是，如果這些ETF退縮，它們可能正在出售ETH以降低風險敞口，這可能是數字資產持續下降的一個因素。但是，如果我們考慮更廣泛的含義，那麼我們也應該考慮這些黑客也正在退縮的事實。根據加密分析公司Lookonchain的說法，兩個新鮮的錢包與同一組入侵者相關 - 從Thorchain和Chainf獲得了14,064 ETH的主課程。