比特币和以太坊在市场波动中经历了第二季度的动荡

比特币和以太坊见证了第二季度的动荡开局。比特币从 7 万美元暴跌至 65,500 美元，导致中心化交易所的清算金额超过 5 亿美元。以太坊也面临重大清算，其价值跌至 3,320 美元。这些剧烈波动归因于期权市场的高杠杆率和散户存在，导致大量清算和现货价格调整。

Bitcoin and Ethereum Endure Tumultuous Q2 Amidst Unprecedented Market Volatility

比特币和以太坊在第二季度经历了前所未有的市场波动

The second quarter of 2021 opened turbulently for Bitcoin and Ethereum, as the crypto market experienced sharp swings characterized by large liquidations and a shift in risk appetite.

比特币和以太坊在 2021 年第二季度开局动荡，加密货币市场经历了以大规模清算和风险偏好转变为特征的剧烈波动。

Bitcoin's Dramatic Plunge and Resurgence

比特币的急剧暴跌和复苏

Bitcoin's stellar bull run encountered a temporary setback during the quarter, abruptly plummeting from a sky-high $70,000 to $65,500. The downward pressure was primarily attributed to significant liquidations on retail-heavy exchanges like Binance, driving down perpetual funding rates from 77% to equilibrium. This correction nudged spot prices back within the $60,000-$72,000 range.

比特币的强劲牛市在本季度遭遇了暂时的挫折，从 70,000 美元的天价突然暴跌至 65,500 美元。下行压力主要归因于币安等散户交易平台的大量清算，导致永续融资利率从 77% 降至均衡水平。此次调整将现货价格推回到 60,000 美元至 72,000 美元的范围内。

However, the downturn proved to be short-lived. Increased volatility within a 24-hour period triggered a surge in liquidation events on centralized exchanges, with Bitcoin retreating below the $66,000 mark. Data from CoinGlass revealed liquidations of approximately $500 million across multiple exchanges, with long positions accounting for nearly $390 million.

然而，经济衰退被证明是短暂的。 24小时内波动性加剧引发中心化交易所清算事件激增，比特币回落至66,000美元大关以下。 CoinGlass 的数据显示，多家交易所的清算额约为 5 亿美元，其中多头头寸近 3.9 亿美元。

Despite this setback, Bitcoin has shown resilience, bouncing back from the dip and consolidating within the $60,000-$72,000 range. However, forward curve metrics indicate that elevated volatility remains a persistent threat.

尽管遭遇挫折，比特币仍表现出了韧性，从跌势中反弹，并在 60,000 美元至 72,000 美元的区间内盘整。然而，远期曲线指标表明，波动性加剧仍然是一个持续的威胁。

Ethereum's Parallel Struggles

以太坊的并行斗争

Ethereum, the second-largest cryptocurrency by market capitalization, faced similar challenges during the quarter. Its value dipped to lows of $3,320, mirroring Bitcoin's downward trajectory. Significant liquidations also plagued Ethereum, with nearly $81.52 million wiped out. Long positions accounted for the lion's share of these liquidations, totaling $65.03 million, while shorts made up the remainder.

按市值计算的第二大加密货币以太坊在本季度面临类似的挑战。其价值跌至 3,320 美元的低点，反映了比特币的下跌轨迹。大量清算也困扰着以太坊，损失了近 8152 万美元。多头头寸占这些清算的最大份额，总计 6503 万美元，而空头头寸则占其余部分。

Altcoin Bloodbath

山寨币大屠杀

The crypto carnage extended beyond Bitcoin and Ethereum, engulfing several prominent altcoins. Solana, a high-throughput blockchain, saw liquidations of over $15 million, primarily concentrated in long positions ($13 million). Dogecoin, the popular meme currency, also suffered losses, with liquidations amounting to $14.76 million.

加密货币大屠杀超越了比特币和以太坊，席卷了几种著名的山寨币。 Solana 是一个高吞吐量区块链，清算金额超过 1500 万美元，主要集中在多头头寸（1300 万美元）。流行的 meme 货币狗狗币也遭受损失，清算金额达 1476 万美元。

Market Sentiment Shifts

市场情绪转变

The recent market volatility has exposed a shift in risk appetite among investors. The bearish sentiment that had gripped the market during the first quarter has gradually dissipated, replaced by a more cautious optimism.

近期市场波动暴露了投资者风险偏好的转变。第一季度笼罩市场的悲观情绪已逐渐消散，取而代之的是更加谨慎的乐观情绪。

This newfound optimism is driven by several catalysts, including the increasing institutional adoption of cryptocurrencies and the progress being made on the development of central bank digital currencies (CBDCs). However, market analysts remain cautious, emphasizing the need for vigilance in the face of lingering volatility.

这种新出现的乐观情绪是由多种催化剂推动的，包括越来越多的机构采用加密货币以及央行数字货币（CBDC）的开发取得的进展。然而，市场分析师仍保持谨慎态度，强调面对持续的波动需要保持警惕。

Conclusion

结论

The second quarter of 2021 has been a rollercoaster ride for the crypto market, with Bitcoin and Ethereum enduring dramatic price swings and significant liquidations. While the market has shown signs of recovery, volatility remains a constant threat. Investors are advised to exercise caution and conduct thorough research before making any investment decisions.

2021 年第二季度的加密货币市场就像坐过山车一样，比特币和以太坊经历了剧烈的价格波动和大量清算。尽管市场已显示出复苏的迹象，但波动性仍然是一个持续的威胁。建议投资者在做出任何投资决定之前保持谨慎并进行彻底的研究。