更廣泛的數字貨幣生態系統的波動率達到頂峰，對以太坊（ETH）產生了明顯影響

更廣泛的數字貨幣生態系統的波動率達到頂峰，對以太坊（ETH）產生了明顯影響。今年，以太坊的價格首次下跌了2,000美元，因為Bear Action設定了一個新的看跌里程碑。

The cryptocurrency market has been highly volatile in recent times, with several factors contributing to the price swings. As a result, some cryptocurrencies have sustained more significant selloffs than others.

加密貨幣市場近來一直非常波動，有幾個因素導致了價格波動。結果，一些加密貨幣的拋售比其他貨幣更為重大。

Bitcoin (BTC) and Ethereum (ETH) have both seen significant price drops in recent weeks, as has Solana (SOL), which is among the top liquidated altcoins.

比特幣（BTC）和以太坊（ETH）最近幾週都看到了大幅下降的價格，Solana（Sol）也是最高的銷售山寨幣之一。

Cryptocurrency Prices Today, February 14

今天2月14日的加密貨幣價格

BTC price today is $78,220, down by 5.92% in 24 hours. The sixth largest cryptocurrency, Cardano (ADA), saw the most significant price selloff in 24 hours, with a price decline of 6.18%.

今天的BTC價格為78,220美元，在24小時內下降了5.92％。第六大加密貨幣Cardano（ADA）的價格在24小時內最為重要，價格下降了6.18％。

Among the top cryptocurrencies, Solana had the highest 24-hour volume, with $34 million liquidated from traders.

在頂級加密貨幣中，Solana的數量最高24小時，從交易者清算了3400萬美元。

At the time of writing, the price of ETH is $1,901.36, down 5.45%. The second-largest cryptocurrency is trading below the $2,000 level, a bearish milestone.

在撰寫本文時，ETH的價格為1,901.36美元，下跌了5.45％。第二大加密貨幣的交易低於2,000美元，這是看跌的里程碑。

The volatility in the broader digital currency ecosystem is at its peak, with a visible impact on Ethereum. For the first time this year, the price of ETH dropped below $2,000.

更廣泛的數字貨幣生態系統的波動率達到了頂峰，對以太坊的影響很大。 ETH的價格首次下跌低於2,000美元。

However, the volatility impacts Bitcoin and other cryptocurrencies, such as SOL and XRP. Since December 14, the price of ETH has dropped by about 50% as the market sheds $1.2 trillion.

但是，波動率會影響比特幣和其他加密貨幣，例如SOL和XRP。自12月14日以來，ETH的價格下跌了約50％，因為市場籌集了1.2萬億美元。

There are several layers to this selloff, with the Donald Trump-influenced economic uncertainty being the most discussed.

這種拋售有幾層，受唐納德·特朗普影響的經濟不確定性最多。

The crypto market is known for its volatility, and this can be a significant factor in the liquidation of traders’ positions. When the market moves rapidly in one direction, it can trigger margin calls from exchanges, leading to the forced closure of trades.

加密市場以其波動性而聞名，這可能是交易員立場清算的重要因素。當市場迅速朝一個方向發展時，它可能會觸發交流的保證金電話，從而導致交易的強迫關閉。

This liquidation activity can amplify the price moves even further, creating a vicious cycle that spins out of control. In the past 24 hours, over 268,000 traders have been liquidated from their positions, with total assets liquidated amounting to $828 million.

這種清算活動可以擴大價格的進一步發展，從而產生一個惡性循環，從而失控。在過去的24小時內，已從其職位上清算了268,000多名交易者，總資產總額為8.28億美元。

Of the total assets, ETH liquidation in 24 hours is $197.18 million. While long liquidations top $157 million, short traders account for $39.82 at the time of writing.

在總資產中，24小時內的ETH清算為1718萬美元。雖然漫長的清算額最高1.57億美元，但短交易者在撰寫本文時佔39.82美元。

Why Is The Crypto Market Falling?

為什麼加密市場下降？

According to The Kobeissi Letter analysis, crypto and the S&P 500 have lost $5.5 trillion in the last 2 months. Kobeissi partly attributed the selloff to the February 1, 2025, trade war.

根據Kobeissi信函分析，在過去兩個月中，加密貨幣和500指數損失了5.5萬億美元。 Kobeissi部分將拋售歸因於2025年2月1日，貿易戰。

However, the market has been anticipating this trade war since mid-June 2024 during the US Presidential campaigns. Before the tariff hike threats, most stock indices, like the S&P 500, recorded new highs.

但是，自2024年6月中旬以來，在美國總統競選期間，市場一直在預測這場貿易戰。在關稅加息威脅之前，大多數庫存指數（如標準普爾500指數）錄製了新的高點。

The report noted that the real culprit behind the market selloff is the shift in risk appetite. In a matter of days, the market has moved from extreme greed to extreme fear.

該報告指出，市場拋售背後的真正罪魁禍首是風險食慾的轉變。在幾天之內，市場從極端貪婪轉變為極端恐懼。

There is a precedent to this selloff. The percentage of capital in the Magnificent 7 has recently dropped significantly. This trend trickled down into the crypto market.

這種拋售有先例。宏偉7中資本的百分比最近顯著下降。這種趨勢流入加密市場。

As of February 9, the institutional build-up into short Ethereum positions attained its largest level in history. Unfortunately, it coincided with the embrace of BTC and altcoins in hopes of a crypto strategic reserve.

截至2月9日，機構的建立成長為簡短的以太坊職位，達到了其歷史上最大的水平。不幸的是，它與BTC和AltCoins的擁抱相吻合，希望有加密戰略儲備。

With the relative disappointment in the strategic reserve play, investors have to exit key market positions picked earlier.

由於在戰略預備役中相對失望，投資者必須退出前面選擇的主要市場地位。

At the moment, the sentiment in the crypto industry cautions risk-averse investors. With more than $3.5 billion in outflows over the past week, bears in the market are likely getting exhausted.

目前，加密貨幣行業的情緒要求規避風險的投資者。在過去的一周中，市場上有超過35億美元的流出，市場上的熊很可能會耗盡。

Crypto Market’s Strategic Play for 2025

加密市場的2025年戰略戲劇

According to The Kobeissi Letter, there is an incoming shift in positioning overall. The publication noted that investors who get ahead of these shifts will be the biggest winners this year.

根據Kobeissi的信，總體定位發生了轉變。該出版物指出，超越這些轉變的投資者將是今年最大的贏家。

It noted that bullish swings are bound to broaden since the Volatility Index has surged by over 70% in the past 30 days.

它指出，看漲的揮桿勢必會擴大，因為在過去30天內的波動性指數飆升了70％以上。

As Kobeissi noted, the Dow Jones will likely experience at least a 1,000-point surge moving forward. Considering the correlation with crypto, Bitcoin and Ethereum prices may also see an increased rally.

正如Kobeissi所指出的那樣，道瓊斯瓊斯可能會至少經歷1,000分的湧入。考慮到與加密貨幣，比特幣和以太坊價格的相關性也可能會增加集會。