特朗普的魔力如火如荼。

在他的成員的慘敗，比特幣和山寨幣的崩潰以及現在的以太坊之間，似乎沒有任何東西可以倖免。

The magic of Trump is in full swing. Between the fiasco of his memecoin, the crash of bitcoin and altcoins, and now Ethereum, nothing seems to be spared. The digital asset that the former president wants to integrate into the strategic reserve of the United States has seen dark days. In February, ETH suffered a violent liquidation that shook the entire crypto market, highlighting the flaws and brutality of decentralized lending protocols.

特朗普的魔力如火如荼。在他的成員的慘敗，比特幣和山寨幣的崩潰以及現在的以太坊之間，似乎沒有任何東西可以倖免。前總統希望融入美國戰略儲備的數字資產已有黑暗的日子。 2月，ETH遭受了暴力清算，使整個加密貨幣市場震驚，強調了分散貸款方案的缺陷和殘酷性。

Ethereum plunges: 500 million dollars liquidated in a few days

以太坊暴跌：幾天內清算了5億美元

The figures are chilling: 500 million dollars of ETH liquidated in a few days, making it the second largest monthly liquidation in the history of DeFi, just behind the May 2021 crash (670 million dollars).

這些數字令人震驚：幾天內清算了5億美元的ETH，使其成為Defi歷史上第二大月份清算，僅次於2021年5月的墜機事故（6.7億美元）。

The Aave and Compound lending platforms were the hardest hit. Their automatic liquidation mechanism did its job, but not without damage. Third-party liquidators rushed to the under-collateralized positions, recovering collateral at bargain prices, between 5 and 15% below market.

AAVE和復合貸款平台是最難的。他們的自動清算機製完成了工作，但並非沒有損壞。第三方清算人趕到了不足的職位，以便宜的價格收回抵押品，低於市場的5％至15％。

Enough to awaken the worst memories of 2021.

足以喚醒2021年最糟糕的回憶。

“If ETH falls below $1,780, $372 million in leveraged positions will be wiped out,” warns @Backdoor_News. A prophecy that almost came true.

@BackDoor_News警告說：“如果ETH低於1,780美元，將消除3.72億美元的槓杆位置。”幾乎實現的預言。

So, when is the next purge?

那麼，下一個淨化是什麼時候？

A bloodbath on crypto exchanges and derivatives

加密交換和衍生品的血腥

The carnage did not stop with Ethereum. The entire crypto market was shaken, and the figures are dizzying. Bitcoin and ETH fell by 18% and 26% respectively, triggering a cascade of liquidations.

屠殺並沒有停止以太坊。整個加密貨幣市場都在動搖，數字令人眼花di亂。比特幣和ETH分別下降了18％和26％，引發了一系列清算。

Bybit, the only exchange to reveal its true liquidation data, recorded an historic week:

拜比特（Bybit）是揭示其真實清算數據的唯一交流，記錄了一個歷史性的一周：

Other crypto exchanges like Binance, OKX, and Huobi have been more discreet, probably due to a underestimation of actual liquidations. Meanwhile, investors are watching for the next wave. The Dude emphasizes:

Binance，OKX和Huobi等其他加密交流可能更謹慎，這可能是由於對實際清算的低估。同時，投資者正在關注下一波浪潮。杜德強調：

Over $4 billion in leveraged positions were liquidated last week.

上周清算了超過40億美元的槓桿頭寸。

The message is clear: the crypto market is a minefield. But how far will this hemorrhage go?

信息很明顯：加密市場是雷區。但是這種出血會走多遠呢？

In short, February ended on a nightmarish note for Ethereum, with a 20% drop in three days. Another proof that crypto is not a smooth river.

簡而言之，2月以噩夢般的以太坊結束，三天內下降了20％。另一個證據表明加密不是一條光滑的河流。

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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose

區塊鍊和加密革命正在進行中！而那一天，將對這個世界上最脆弱的經濟感受到影響的那一天，我會說我在那裡是為了某事