週一早些時

當加密貨幣擊中本地底部時，Aave＆Compound看到了創紀錄的$ WBTC拋售。僅AAVE V3就清算了2370萬美元以上的清算，這是歷史最高的。

Major DeFi lending protocols Aave and Compound encountered mass forced sales as leveraged users lost their positions. A brief dip of Bitcoin (BTC) below the $92K mark ignited crypto markets making it the largest six-month period of forced liquidations across decentralized finance (DeFi) platforms.

當槓桿用戶失去職位時，主要的Defi貸款協議AAVE和復合案遇到了大規模銷售。比特幣（BTC）的短暫下跌低於$ 92K Mark Mark Mightign的加密貨幣市場，使其成為分散融資（DEFI）平台上最大的六個月強迫清算時期。

Open Interest Hits Lowest Levels Since November

自11月以來的開放興趣達到最低水平

Market volatility caused an intense drop in open interest because open interest measures the complete number of futures contracts held by traders. Open interest reached its minimum mark of $25.06 billion since November 11, 2024. Many trading entities pulled their leveraged investments from the market, which resulted in a decrease in the total financial market exposure.

市場波動導致開放利息的大幅下降，因為開放利息衡量了交易者持有的期貨合約的全部數量。自2024年11月11日以來，Open權益達到了250.6億美元的最低分數。許多貿易實體將其槓桿投資從市場中撤出，這導致金融市場的總敞口下降。

These difficult short-term situations serve an important role by purging excessive debt out of the system. After eliminating excessive positions, the market reaches equilibrium before starting an improved upward trend.

這些困難的短期情況通過清除系統中的過多債務來發揮重要作用。消除了過度位置後，市場在開始改善上升趨勢之前達到了平衡。

Aave V2 & V3 Record Highest WBTC Liquidations

AAVE V2和V3記錄最高WBTC清算

Aave V2 served as a major decentralized lending platform, which experienced its highest daily WBTC (Wrapped Bitcoin) liquidations since August 1, 2024, for an amount totaling $782,048. The value drop of WBTC in Aave V2 prompted lenders to enforce forced liquidations for borrowers who used WBTC to secure loans.

AAVE V2是一個主要的分散貸款平台，自2024年8月1日以來，每日WBTC（包裝比特幣）的清算量最高，總計為782,048美元。 WBTC在AAVE V2中的價值下降促使貸方為使用WBTC確保貸款的借款人強迫清算。

The latest platform version of Aave V3 achieved a new peak in forced WBTC sales, reaching $23,720,216. The protocol’s improved risk management tools, such as independent lending pools and cross-chain functions, reduced market-wide threats. However, the large scale of forced sales demonstrated the vulnerability of positions with excessive leverage.

AAVE V3的最新平台版本在強制WBTC銷售中達到了新的高峰，達到23,720,216美元。該協議改進的風險管理工具，例如獨立的貸款池和跨鏈功能，減少了市場範圍的威脅。但是，大規模的強迫銷售表明了槓桿過多的職位的脆弱性。

Compound v2 & v3 Experience Heavy Liquidations

複合V2和V3體驗重量清算

Since August 4, 2024, Compound v2 recorded its biggest WBTC liquidation event, which resulted in $467,284 worth of forced sell-offs. Market sell-offs occurred because borrowers lost their positions when their insufficient collateral resulted in automatic liquidations.

自2024年8月4日以來，Compound V2記錄了其最大的WBTC清算活動，導致價值467,284美元的強制拋售。市場拋售之所以發生，是因為藉款人在抵押品不足導致自動清算時失去了職位。

The improved lending system Compound v3 experienced its most significant liquidation operation since August, totaling $18,559,189. The new borrowing asset model optimized capital efficiency, yet continued mass liquidations triggered more sell-off pressure.

自8月以來，改進的貸款系統化合物V3經歷了其最重要的清算操作，總計$ 18,559,189。新的借貸資產模型優化了資本效率，但持續的批量清算引發了更大的拋售壓力。

Liquidations Set the Stage for BTC’s Recovery

清算為BTC恢復奠定了基礎

During the initial sell-off frenzy, Bitcoin experienced a speedy market recovery that increased its value from $92K to $102K in under one day. Professional market components use liquidation events to eliminate imprudent leverage positions, which enables new bull trend momentum. Traders who track liquidation activities can obtain data to anticipate future price movements that would enable them to benefit from volatile market conditions.

在最初的拋售狂潮中，比特幣經歷了快速的市場回收率，其價值從一天不到的$ 92K增加到了102,000美元。專業的市場組件使用清算活動來消除不明智的槓杆位置，從而實現了新的公牛趨勢動力。追踪清算活動的交易者可以獲取數據以預測未來的價格變動，從而使他們能夠從動蕩的市場條件中受益。