特朗普总统宣布一项战略加密储备基金，比特币（BTC）价格下跌10％

唐纳德·特朗普总统宣布由BTC，ETH，SOL，SOL，ADA和XRP组成的战略加密储备基金引起的意外兴奋的日子，这并不是过分积极的。

A day that was not overly positive for the market followed the unexpected excitement caused by President Donald Trump’s announcement regarding a strategic crypto reserve fund consisting of BTC, ETH, SOL, ADA, and XRP. On the morning of March 4, the crypto market continued to witness a widespread “red”, leading to skepticism and a wave of sell-offs across crypto markets.

唐纳德·特朗普总统宣布由BTC，ETH，SOL，SOL，ADA和XRP组成的战略加密储备基金引起的意外兴奋的日子，这并不是过分积极的。 3月4日上午，加密货币市场继续见证了广泛的“红色”，导致了怀疑论和加密货币市场的抛售浪潮。

How did the market dump?

市场如何转储？

According to CoinMarketCap, Bitcoin price surprisingly declined this morning (March 4, 2025) (U.S time).

根据CoinMarketCap的数据，比特币价格出乎意料的是今天早上（2025年3月4日）（美国时间）。

In 24 hours, the price of this asset dropped by 11%, at one point hitting 82,400 USD/BTC and wiping out more than 200 billion USD in market cap.

在24小时内，该资产的价格下跌了11％，一点点达到82,400美元/BTC，并消除了超过2000亿美元的市值。

Not just BTC, the entire market is awash in red, with Ethereum falling 15.6% over the past 24 hours, XRP dropping 18.7%, BNB decreasing 9%, Solana plunging 20%, Dogecoin decreasing 16.4%, and Cardano tumbling 26.3% during the same period.

不仅是BTC，整个市场都陷入红色，以太坊在过去的24小时内下降了15.6％，XRP下降了18.7％，BNB降低了9％，Solana下降了20％，Dogecoin降低了16.4％，而Cardano在同一时期下跌了26.3％。

A similar trend was observed in the stock market, as leading stocks experienced declines following Trump’s announcement that tariffs would take effect tomorrow.

股市也观察到了类似的趋势，因为特朗普宣布明天关税将生效后，领先的股票经历了下降。

The reason behind the red stretching across the entire market

整个市场的红色伸展背后的原因

Bitcoin ETFs massive outflow

比特币ETF大量流出

During the week of February 24 to 28, cryptocurrency ETFs experienced notable withdrawals, with Bitcoin funds seeing outflows of $2.61 billion and Ether funds losing $335.35 billion. On February 26, a record-setting $1 billion was pulled from Bitcoin ETFs in a single day, reflecting cautious market sentiment.

在2月24日至28日的一周中，加密货币ETF经历了明显的提款，比特币资金的流出价为26.1亿美元，损失了3353.5亿美元的以太资金。 2月26日，一天内从比特币ETF中撤出了创纪录的10亿美元，这反映了谨慎的市场情绪。

Among the largest outflows, BlackRock’s IBIT led with $1.17 billion, followed by Fidelity’s FBTC with $568.65 billion and Grayscale’s GBTC with $188.84 billion. Other funds also saw significant withdrawals, including Grayscale’s BTC ($147.93 billion), Valkyrie’s BRRR ($112.84 billion), and WisdomTree’s BTCW ($95.10 billion).

在最大的外流中，贝莱德的IBIT以11.7亿美元的价格领先，其次是Fidelity的FBTC，为5686.5亿美元，Grayscale的GBTC为1888.4亿美元。其他资金也有大幅提款，包括灰刻的BTC（1,4793亿美元），Valkyrie的BRRR（1,1284亿美元）和Wisdomtree的BTCW（9510亿美元）。

Despite the ongoing trend of withdrawals, Bitcoin ETFs saw a small inflow on the final day of the week, offering a slight shift after eight consecutive days of outflows.

尽管撤离的趋势持续趋势，但比特币ETF在一周的最后一天看到了很少的流入，经过连续八天的流出后，略有转变。

Bybit cyberattack

Bybit网络攻击

One of the reasons given is the Bybit cyberattack – which resulted in the acts of selling-off ETH. The latest cyberattack on the centralized crypto exchange Bybit carried out by a well-known hacking group has seen more than $1.4 billion USD in ETH get stolen, making it the biggest cryptocurrency heist ever recorded.

给出的原因之一是Bybit网络攻击，这导致了出售ETH的行为。由一个著名的黑客集团进行的集中加密交易所交易所Bybit上的最新网络攻击已看到ETH的14亿美元超过14亿美元被盗，使其成为有史以来最大的加密货币抢劫。

On March 1, the cyber hackers transferred an additional 62,200 ETH, leaving them with only 156,500 Ethereum remaining from the initial haul, according to crypto analyst EmberCN. This latest movement pushes the total laundered amount to roughly 343,000 ETH, about 68.7% of the 499,000 ETH stolen in the February 21 attack. At this rate, the remaining of the funds was estimated to be laundered today.

根据Crypto分析师Embercn的说法，3月1日，网络黑客将另外62,200 ETH转移了，从最初的运输中只剩下156,500个以太坊。这项最新运动将全额洗钱的金额提高到了大约343,000 ETH，在2月21日袭击中偷走了499,000 ETH的68.7％。以这种速度，估计剩余的资金今天被洗钱。

This massive sell-off pressure, combined with the hackers potentially unloading their remaining 156,500 ETH, could have massively pressured Ethereum, driving its price down. The performance of Ethereum also influenced the broader altcoin market, leading to the synchronized declines in coins like XRP (-18.7%), Solana (-20%), Cardano (-26.3%).

这种巨大的售罄压力，加上黑客可能会卸载其剩余的156,500 ETH，可能给以太坊施加了巨大压力，使其价格降低。以太坊的性能也影响了更广泛的山寨币市场，从而导致XRP（-18.7％），Solana（-20％），Cardano（-26.3％）等硬币的同步下降。

Retaliation from China

来自中国的报复

According to The New York Times, the response from America’s partner, especially China, escalated a global dispute that has rattled governments and international trade. Mexico and Canada, the two other countries targeted by the Trump tariffs, had yet to respond.

据《纽约时报》报道，美国伙伴，尤其是中国的回应升级了一场全球争端，该争端震撼了政府和国际贸易。墨西哥和加拿大是特朗普关税的其他两个国家，尚未回应。

Early Tuesday, China introduced tariffs on a wide range of U.S. food exports in response to the latest trade measures from the Trump administration. This move added to ongoing global trade tensions that have concerned many countries. Previously, Mr. Trump has placed nearly all goods from China under an additional 20 percent tariff. Earlier, on February 4, he introduced a 10 percent tariff, followed by another round of tariffs on Tuesday.

周二早些时候，中国对特朗普政府采取的最新贸易措施提出了广泛的美国粮食出口征收关税。这一举动加剧了许多与许多国家有关的全球贸易紧张局势。此前，特朗普先生几乎将来自中国的所有商品额外提高了20％的关税。早些时候，他于2月4日提出了10％的关税，随后在周二的另一轮关税。

China’s finance ministry announced that it would apply a 15% tariff on imports of U.S. chicken, wheat, corn, and cotton. Additionally, a 10% tariff was placed on products such as sorghum, soybeans, pork, beef, seafood, fruits, vegetables, and dairy items. This raises concerns about an ongoing trade war, making investors increasingly cautious and more deliberate in their investment decisions.

中国财政部宣布将对美国鸡肉，小麦，玉米和棉花的进口征收15％的关税。此外，对高粱，大豆，猪肉，牛肉，海鲜，水果，蔬菜和乳制品等产品签发了10％的关税。这引起了人们对正在进行的贸易战的担忧，这使得投资者越来越谨慎，并在投资决策中更加刻意。