随着加密货币市场崩溃的持续，比特币的价格下跌至91,000美元，Altcoins可能面临更大的崩溃

在过去的24小时内，更广泛的加密货币市场损失了超过1500亿美元，总市值滑倒不到3万亿美元。

The crypto market crash continues to worsen as BTC price takes a deep dive, reaching levels as low as $91,000, with total market liquidations soaring to $914 million. Altcoins, on the other hand, might be experiencing a steeper crash in this liquidity crisis.

随着BTC价格深入潜水，到达91,000美元的水平，加密市场崩溃持续恶化，总市场清算飙升至9.14亿美元。另一方面，在这场流动性危机中，AltCoins可能正遇到更严重的崩溃。

Bitcoin Leads Crypto Market Crash

比特币导致加密市场崩溃

Over the last 24 hours, the broader crypto market has seen losses exceeding $150 billion, with the total market capitalization slipping below the $3 trillion mark. Bitcoin losses have extended further by 4%, dropping to lows of $91,000 and slipping under key support levels.

在过去的24小时内，更广泛的加密货币市场的损失超过1500亿美元，市值的总计低于3万亿美元。比特币损失已进一步延长4％，下降到91,000美元的低点，并在关键支持水平下滑倒。

According to data from Coinglass, 24-hour Bitcoins liquidations have topped $274 million, out of which $258 million is in long liquidations. Moreover, this selling pressure comes with a 150% surge in daily trading volumes to reach over $51 billion.

根据Coinglass的数据，24小时的比特币清算量超过了2.74亿美元，其中2.58亿美元长期清算。此外，这种销售压力的每日交易量增加了150％，达到超过510亿美元。

Further BTC Price Correction Coming?

BTC价格更正的进一步即将到来？

Amid the sharp drop in the Bitcoin price, market analysts are highlighting warning signs, hinting at the possibility of further correction and a crypto market crash. For the first time since September 2024, Bitcoin demand has dropped into negative territory, as highlighted by Julio Moreno, the head of research at CryptoQuant.

在比特币价格急剧下降的情况下，市场分析师强调了警告信号，暗示了进一步更正和加密市场崩溃的可能性。自2024年9月以来，比特币需求已下降到负面的领土，正如加密量化研究负责人朱利奥·莫雷诺（Julio Moreno）所强调的那样。

Moreno pointed out the challenges faced by Bitcoin in the current market conditions, noting that such negative demand growth makes it difficult for prices to rally. He went on to warn that the risks of a further market correction are increasing.

莫雷诺（Moreno）指出，比特币在当前市场条件下面临的挑战，并指出这种负面需求的增长使价格很难集结。他继续警告说，进一步的市场更正的风险正在增加。

Moreover, as noted by crypto analyst Ali Martinez, if BTC bulls fail to hold the $93,700 support on a daily closing basis, it risks falling further to the next major support at $75,600. The warning comes as market participants keep a close watch on Bitcoin’s price movements amid heightened volatility and macroeconomic uncertainty. At press time, BTC price is trading 3.6% down at $91,910 levels.

此外，正如加密分析师阿里·马丁内斯（Ali Martinez）所指出的那样，如果BTC公牛队每天未能持有93,700美元的支持，那么它的风险进一步降低了下一个主要支持，为75,600美元。警告是在市场参与者密切关注比特币的价格变动中，因为波动性和宏观经济不确定性提高。发稿时，BTC价格的交易价格下跌了3.6％，水平为91,910美元。

Bitcoin ETF Sell-Offs On The Rise

比特币ETF抛售正在上升

Additionally, last week, Bitcoin investments saw outflows to the tune of $571 million, while short-Bitcoin inflows surged to $2.8 million. Outflows from spot Bitcoin ETFs also increased, netting $516 million on Monday, with Fidelity’s FBTC seeing $247 million in outflows and BlackRock’s IBIT clocking $159 million in outflows.

此外，上周，比特币投资的流出量达到5.71亿美元，而短币的流入量飙升至280万美元。现货比特币ETF的流出也增加了，周一净额为5.16亿美元，Fidelity的FBTC看到了2.47亿美元的外流，而BlackRock的Ibit的IBIT则达到了1.59亿美元的外流。

Arthur Hayes has issued a stark warning about potential turbulence in the Bitcoin market. Hayes explained that many $IBIT holders, especially hedge funds, have employed a strategy to secure yields that outpace short-term U.S. Treasury rates by going long on ETFs and short on CME futures. However, if the basis narrows due to declining BTC prices, these funds might sell $IBIT holdings and repurchase CME futures to unwind their positions.

亚瑟·海斯（Arthur Hayes）对比特币市场的潜在动荡发出了明显的警告。海耶斯解释说，许多$ ibit持有人，尤其是对冲基金，已经采用了一项战略来确保收益率，从而超过了美国财政部的短期债券，并且长期使用ETF和CME Futures。但是，如果由于BTC价格下降而导致的基础缩小，这些资金可能会出售$ IBIT持股并回购CME期货以放松其头寸。

With the basis currently approaching U.S. Treasury yields, Hayes suggests that these funds, already in profit, might make their move during U.S. trading hours to realize gains.

由于目前接近美国财政收益率的基础，海耶斯建议这些资金已经盈利，可能会在美国交易时间内搬迁以实现收益。

Altcoins See A Steeper Fall

山寨币看到跌倒较高

Amid major liquidity challenges and a sharp sell-off in the S&P 500, the sell-off in the altcoin space has accelerated in this crypto market crash. Ethereum price is down today by 8%, slipping under $2,500 today, with daily trading volume surging to $31.6 billion, and 24-hour liquidations surging to $195 million.

在主要的流动性挑战和标准普尔500标准普尔500指数的急剧抛售之中，在此加密货币市场崩溃中，Altcoin空间的抛售加速了。今天的以太坊价格下跌了8％，今天下跌了2500美元，每日交易量飙升至316亿美元，24小时清算飙升至1.95亿美元。

Furthermore, altcoins like Solana have experienced even steeper falls in relation to Bitcoin. Solana has suffered the biggest hit, falling more than 22% since last Friday.

此外，像Solana这样的AltCoins与比特币有关的跌倒甚至更陡峭。自上周五以来，索拉纳（Solana）遭受了最大的打击，下降了22％以上。

The Bybit hack on February 21 has cast a shadow over market sentiment, shaking investor confidence. Arkham Intelligence has labeled the incident the “largest financial heist in history,” underscoring the magnitude of the breach and its impact on the cryptocurrency landscape. However, the crypto exchange Bybit managed to acquire all of Ethereum within just 48 hours of the incident.

2月21日的Bybit Hack对市场情绪产生了阴影，震惊了投资者的信心。阿卡姆情报局将这一事件标记为“历史上最大的金融抢劫案”，强调了违规的规模及其对加密货币景观的影响。但是，加密货币交易所Bybit在事件发生后的短短48小时内设法获得了所有以太坊。

In a surprising turn of events, Citadel Securities made a significant shift in its crypto strategy just hours before a notable market response. According to Bloomberg, the $65 billion financial giant is exploring becoming a liquidity provider for Bitcoin and other cryptocurrencies. However, the market interpreted the news as a “sell the news” moment, prompting a cautious reaction among traders.

令人惊讶的是，在明显的市场反应之前，Citadel Securities在其加密货币战略上发生了重大转变。据彭博社称，这家耗资650亿美元的金融巨头正在探索成为比特币和其他加密货币的流动性提供商。但是，市场将新闻解释为“卖出新闻”时刻，促使交易者谨慎反应。