在動盪的時代，加密貨幣的波動性是一個特徵，而不是一個錯誤

8 月 5 日星期一，日本日經指數暴跌超過 12%，創下 1987 年以來最嚴重的暴跌。

During times of market turmoil, such as the recent Nikkei plunge, crypto markets experienced a rapid decline with bitcoin and ether dropping significantly. However, this volatility is inherent to crypto markets and serves a purpose.

在市場動盪時期，例如最近的日經指數暴跌，加密貨幣市場經歷了快速下跌，比特幣和以太幣大幅下跌。然而，這種波動性是加密貨幣市場所固有的，而且是有其目的的。

With no circuit breakers in place and always-on global accessibility, crypto markets often provide the fastest liquidity route for investors. This was evident on Sunday evening as investors sought to quickly access their funds, leading to a steep decline in crypto markets.

由於沒有熔斷機制和始終在線的全球可訪問性，加密市場通常為投資者提供最快的流動性途徑。這在周日晚間表現得很明顯，因為投資者尋求快速獲取資金，導致加密貨幣市場急劇下跌。

In contrast, several online brokerages experienced outages or maintenance on Monday, leaving tens of thousands of investors unable to access their portfolios. This highlights the limited availability of traditional markets during critical times.

相比之下，幾家線上經紀公司週一出現中斷或維護，導致數萬名投資者無法存取他們的投資組合。這凸顯了傳統市場在關鍵時期的可用性有限。

As other asset classes, such as equities, begin to transition to crypto rails, they will benefit from this increased liquidity and accessibility. Early adopters may capitalize on arbitrage opportunities between on-chain and off-chain markets.

隨著股票等其他資產類別開始過渡到加密貨幣軌道，它們將受益於流動性和可訪問性的增加。早期採用者可以利用鏈上和鏈下市場之間的套利機會。

This accessibility is also becoming a key factor in driving investment preferences, with younger investors allocating more towards crypto and alternative investments.

這種可近性也正在成為推動投資偏好的關鍵因素，年輕投資者將更多資金分配給加密貨幣和另類投資。

According to an analysis by Amberdata, the dispersion of volatility across different regions highlights the impact of market openings and closings on price movements. This suggests that greater accessibility could help stabilize markets during critical periods.

根據 Amberdata 的分析，不同地區的波動性分散凸顯了開市和收市對價格走勢的影響。這表明，更大的可及性有助於在關鍵時期穩定市場。

For instance, during the Iran-Israel tensions earlier this year, PAXG, a tokenized version of gold, traded at a 20% premium over its closing price on Friday, April 12. This highlights the sharp price swings and the dynamic nature of crypto markets.

例如，在今年稍早的伊朗和以色列緊張局勢期間，PAXG（黃金的代幣化版本）的交易價格比4 月12 日星期五的收盤價溢價20%。和動態性質。

Overall, the inherent volatility of crypto markets, especially during tumultuous times, highlights their unique characteristics and role within the broader financial ecosystem.

總體而言，加密貨幣市場的固有波動性，尤其是在動盪時期，凸顯了其在更廣泛的金融生態系統中的獨特特徵和角色。