比特币目前正在遇到前所未有的危机。

这种强烈的波动使机构投资者感到担忧。证据：其中一些开始重新评估其对该数字资产的接触。

The price of bitcoin dropped below $85,000, leading to a loss of $1 trillion in one month. This brutal drop is explained by several factors.

比特币的价格下跌低于85,000美元，导致一个月内损失了1万亿美元。这种残酷的下降是由几个因素解释的。

The price of bitcoin continues its fall without respite. After dropping below the $90,000 mark last week, the flagship cryptocurrency fell again on Monday, May 1. It is now trading below $85,000, a level not seen since January 2023.

比特币的价格持续下降而没有喘息。在上周跌至90,000美元的$ 90,000下方之后，旗舰加密货币在5月1日星期一再次下降。现在，它的交易低于85,000美元，这是自2023年1月以来未见的水平。

This decline also coincides with a colossal loss of $1 trillion in bitcoin's market capitalization in just one month. Indeed, at the beginning of April 2023, bitcoin was valued at nearly $1.2 trillion. Its market cap is currently around $200 billion lower.

这种下降还与仅仅一个月的比特币市值损失了1万亿美元的巨额损失。确实，在2023年4月初，比特币的价值将近1.2万亿美元。目前，其市值降低了约2000亿美元。

This massive plunge is explained by several factors. First of all, the cryptocurrency market is undergoing a brutal period, with most digital assets losing a large part of their value.

这种大规模的暴跌是由几个因素解释的。首先，加密货币市场正在经历一个残酷的时期，大多数数字资产都失去了其价值的很大一部分。

The strong volatility of this market is beginning to worry institutional investors, who are reassessing their exposure to bitcoin. Some of them are cutting their positions, which could put pressure on the price of the asset.

这个市场的强烈波动开始使机构投资者重新评估其对比特币的接触。他们中的一些人正在削减头寸，这可能会对资产的价格施加压力。

Moreover, the increasing correlation between bitcoin and the stock market is also a topic of discussion. Once considered a safe haven, the leading cryptocurrency now seems to be following the trends of tech stocks, especially during periods of strong volatility.

此外，比特币与股票市场之间的相关性增加也是一个讨论的话题。一旦被认为是避风港，现在的领先加密货币似乎正在遵循科技股的趋势，尤其是在强烈的波动时期。

Finally, the upcoming regulations could also influence the evolution of the market. While they could bring more stability in the long term, they are currently creating uncertainty among investors.

最后，即将到来的法规也可能影响市场的发展。尽管他们可以长期带来更大的稳定性，但他们目前正在创造投资者之间的不确定性。

Larry Fink warns of the risks posed by the drop in bitcoin prices for the global financial system.

拉里·芬克（Larry Fink）警告说，全球金融体系的比特币价格下跌带来的风险。

The volatility of cryptocurrencies is a major problem. The more they integrate into traditional markets, the more they amplify systemic risks.

加密货币的波动性是一个主要问题。他们融入传统市场的越多，就越会增强系统性风险。

In this regard, BlackRock is already revising its strategy regarding its bitcoin ETFs. The decline in institutional enthusiasm could thus harm the growth of these financial products.

在这方面，黑石已经在修改其有关比特币ETF的策略。因此，机构热情的下降可能会损害这些金融产品的增长。

Elon Musk is throwing gasoline on the fire by suggesting that cryptocurrencies could enter a speculative bubble that risks bursting abruptly.

埃隆·马斯克（Elon Musk）暗示加密货币可能会进入一种冒着突然破裂的投机气泡，将汽油扔到火上。

This isn't the first time the Tesla boss has influenced the crypto market. In 2021, his comments on bitcoin and Dogecoin caused significant price fluctuations.

这不是特斯拉老板第一次影响加密市场。在2021年，他对比特币和狗狗币的评论引起了很大的价格波动。

Some traders interpret his remarks as a warning sign of a broader financial crisis in which bitcoin could suffer more. Others see it as an attempt to manipulate the market.

一些交易者将他的言论解释为更广泛的金融危机的警告信号，比特币可能会遭受更多的损失。其他人则认为这是操纵市场的尝试。

According to a recent analysis, the bitcoin derivatives markets are experiencing an explosion of short positions. This concretely means that many traders are betting on further price declines.

根据最近的分析，比特币衍生品市场正在经历短期职位的爆炸。这具体意味着许多交易者正在押注进一步的价格下降。

If this trend continues, a massive liquidation could occur if the price starts to rise again, which could lead to an even more chaotic price movement.

如果这种趋势持续下去，如果价格再次开始上涨，可能会发生大规模清算，这可能会导致更加混乱的价格变动。

The upcoming months are therefore crucial. If institutional investors continue to withdraw from the market, the market capitalization of bitcoin could decrease further.

因此，即将到来的几个月至关重要。如果机构投资者继续退出市场，比特币的市值可能会进一步减少。

If regulations bring increased stability, however, the flagship crypto asset could rebound and reach new all-time highs. Stay tuned…Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

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