比特币（BTC）价格下跌4.2％，每月关闭，以太坊（ETH）和XRP效仿

在接下来的几天每月关闭之前，由比特币（BTC）领导的加密货币市场经历了看跌的情绪上升。在过去的24小时内，加密货币市值下降了约4.2％，在周五的西方金融市场交易期间，周五悬停了约2.89万亿美元。

The crypto market, led by Bitcoin (BTC), experienced rising bearish sentiment ahead of the monthly close in the coming days. The total crypto market cap dropped around 4.2 percent in the past 24 hours to hover about $2.89 trillion on Friday, during the early trading session for the Western financial markets.

由比特币（BTC）领导的加密货币市场在未来几天每月结束之前都经历了看跌的情绪。在过去的24小时内，加密货币市值下降了约4.2％，在周五的西方金融市场交易期间，周五悬停了约2.89万亿美元。

In the past 24 hours, Ethereum (ETH) and Ripple Labs’ XRP prices dropped over 5 percent to trade at about $1,909 and $2.24 respectively at the time of this writing. As a result of the sudden crypto selloff today, more than $336 million was liquidated from the leveraged crypto market, mostly involving long traders.

在过去的24小时中，以太坊（ETH）和Ripple Labs的XRP价格下跌了5％以上，交易分别为1,909美元，在撰写本文时分别下跌了2.24美元。由于当今突然的加密货币抛售，从杠杆加密市场上清算了超过3.36亿美元，主要涉及长交易者。

Major Forces Behind Crypto Dump Today

今天的加密货币背后的主要力量

Declining Futures Open Interest

未来下降的开放利息

In the past 24 hours, the total Open Interest (OI) for the crypto market dropped by around 2.57 percent to hover around $109 billion at the time of this writing. Ripple’s XRP experienced a decline of about 3.21 percent in its OI to hover around $3.92 billion on Friday.

在过去的24小时内，加密货币市场的总开放利息（OI）下降了约2.57％，在撰写本文时悬停了约1009亿美元。周五，Ripple的XRP在其OI中的下降约为3.21％，徘徊在39.2亿美元。

The Ethereum market recorded a decline of 3.58 percent in its OI during the past 24 hours to hover about $22.37 billion. Meanwhile, Bitcoin’s OI declined by around 1 percent in the past 24 hours to hover about $56.84 billion at the time of this writing.

在过去24小时内，以太坊市场的OI下降了3.58％，悬停了约223.7亿美元。同时，在过去的24小时内，比特币的OI下降了约1％，在撰写本文时悬停了约568.4亿美元。

Uncertainty Caused By U.S. Led Tariff Wars

美国LED关税战争引起的不确定性

Ahead of the U.S. tariff implementation on April 2, the crypto market has experienced bearish sentiment. In addition to Friday’s high-impact news on inflation regarding the Core Personal Consumption Expenditures for monthly and yearly, the demand fear of further crypto capitulation is palpable.

在4月2日美国关税实施之前，加密货币市场经历了看跌情绪。除了周五关于每月和每年核心个人消费支出的通货膨胀的高影响新闻外，对进一步加密屈服的需求害怕是明显的。

Low Demand from Short-Term Holders Compared to Long-Term Investors

与长期投资者相比，短期持有人的需求低

According to market data analysis from Glassnode, short-term crypto investors have been offloading their holdings while long-term investors gradually accumulate. The overall demand for stablecoins has gradually increased as investors protect their capital from devaluation amid ongoing bearish sentiment.

根据GlassNode的市场数据分析，短期加密投资者在长期投资者逐渐累积的同时，一直在卸载其持股。随着投资者在不断的看跌情绪中保护其资本免受贬值，对Stablecoins的总体需求逐渐增加。