由于加密衍生品市场遭受大量清算，比特币和以太坊出现显着暴跌

过去 24 小时，数字资产呈红色，大部分市场下跌超过 5%。比特币也不例外，其价格已跌破 95,000 美元。

Cryptocurrency derivatives have seen a high volume of liquidations in the past 24 hours, as Bitcoin and other digital assets crashed.

随着比特币和其他数字资产的崩盘，加密货币衍生品在过去 24 小时内出现了大量清算。

Bitcoin, Ethereum Saw Notable Plunges During Past Day

比特币、以太坊在过去一天中出现显着暴跌

The last 24 hours have seen a downturn in the prices of digital assets, with a majority of the market suffering a 5% or greater drawdown. Bitcoin has joined this trend, slipping below the $95,000 level.

过去 24 小时内，数字资产价格下跌，大部分市场下跌 5% 或以上。比特币也加入了这一趋势，跌破 95,000 美元的水平。

Just a couple days ago, the asset showed a sharp recovery, climbing above the $102,000 mark. The steep crash since then suggests that investors may not have believed the rally would continue and opted to cash out their profits.

就在几天前，该资产出现急剧复苏，攀升至 102,000 美元大关之上。此后的大幅崩盘表明，投资者可能不相信涨势会持续下去，而是选择兑现利润。

Relative Reading: Less Than 1% Of Bitcoin Investors In Loss After BTC Reclaims $100,000

相关阅读：比特币重回 10 万美元后，不到 1% 的比特币投资者遭受损失

Ethereum, the second-largest cryptocurrency by market capitalization, has seen an even steeper decline than Bitcoin, dropping to $3,350 after a nearly 8% decrease over the past day.

按市值计算的第二大加密货币以太坊的跌幅甚至比比特币还要大，在过去一天下跌近 8% 后跌至 3,350 美元。

With this crash, Ethereum has almost entirely erased the bullish momentum that came with this new year (2025) for the cryptocurrency. Bitcoin still retains some of its gains, but if the current trajectory continues, it won’t be long before it meets a similar fate.

随着这次崩盘，以太坊几乎完全消除了加密货币新年（2025）带来的看涨势头。比特币仍然保留了一些涨幅，但如果目前的轨迹继续下去，不久之后它就会遇到类似的命运。

Given the carnage in the digital asset sector, it’s no surprise that the derivatives side of the market has also seen some chaos.

考虑到数字资产领域的大屠杀，衍生品市场也出现一些混乱也就不足为奇了。

Crypto Longs Just Faced A Devastating Wipeout

加密货币多头刚刚面临毁灭性的打击

Data from CoinGlass shows that a massive volume of liquidations piled up on derivatives exchanges in the past 24 hours.

CoinGlass的数据显示，过去24小时内衍生品交易所堆积了大量清算量。

“Liquidation” refers to the forced closure that any open contract undergoes after it has amassed losses of a certain extent (the exact percentage of which may differ between platforms).

“强平”是指未平仓合约亏损达到一定程度（具体比例因平台不同可能存在差异）而被强制平仓。

The table below breaks down the relevant figures pertaining to the latest cryptocurrency liquidations.

下表详细列出了最新加密货币清算的相关数据。

A total of $689 million in contracts were liquidated in the last 24 hours, as indicated by the table. Of these, over $609 million of the positions involved were longs. This means that an overwhelming 88% of the liquidations affected the traders betting on a bullish outcome for the market.

如表所示，过去 24 小时内清算的合约总额为 6.89 亿美元。其中，涉及的头寸超过 6.09 亿美元为多头。这意味着 88% 的清算影响了押注市场看涨结果的交易者。

Given the crash that the cryptocurrency sector underwent during this window, this disparity between long and short liquidations is to be expected.

鉴于加密货币行业在此窗口期间经历的崩溃，多头和空头清算之间的这种差异是可以预料的。

Relative Reading: Crypto Liquidations Near $690 Million As Bitcoin, Ethereum Crash

相关阅读：随着比特币、以太坊崩溃，加密货币清算接近 6.9 亿美元

In terms of the contributions to the squeeze by the individual symbols, Bitcoin surprisingly didn’t top the charts this time around. Instead, Ethereum took the lead with nearly $152 million in liquidations.

就单个符号对挤压的贡献而言，令人惊讶的是，比特币这次没有位居榜首。相反，以太坊以近 1.52 亿美元的清算金额领先。

This is partly due to the fact that Ethereum’s drawdown was more significant than Bitcoin’s, but it may not be the whole story. It’s possible that the trend is an indication that the speculative interest around ETH has been particularly pronounced recently.

部分原因是以太坊的回撤比比特币更为严重，但这可能不是全部。这一趋势可能表明围绕 ETH 的投机兴趣最近特别明显。