这就是加密市场今天崩溃的原因：比特币，XRP，Solana Analysis

加密货币市场本周的开始非常稳定，比特币将超过8.8万美元的价格倾斜至近2.1k美元 - 两周的峰值。

Here’s Why the Crypto Market Is Crashing Today: Bitcoin, XRP, Solana AnalysisCrypto market had a very strong start of the week with Bitcoin pumping to over $88k and Ethereum to almost $2.1k – both 2-week peaks.

这就是为什么加密市场今天崩溃的原因：比特币，XRP，Solana AnalivaseCrypto市场在本周的开端非常稳定，比特币将比特币泵送至8.8万美元以上，以太坊至近2.1k美元 - 两周的峰值。

However, all gains are now mostly gone as Bitcoin and Ethereum are back to their last week levels of below $86k and $2k respectively.

但是，由于比特币和以太坊的上周分别低于$ 86K和2,000美元，所有收益现在大部分都消失了。

Popular YouTube channel ‘Thinking Crypto’ released a viral video yesterday that featured a guy from Santiment, and they analysed the situation around Bitcoin, Ethereum, Solana and XRP. There were a few hints there that this week’s pump “didn’t have legs” so let’s dive in.

流行的YouTube频道“ Thinking Crypto”昨天发布了一个病毒视频，其中有一个来自Santiment的人，他们分析了比特币，以太坊，Solana和XRP的情况。那里有一些暗示，本周的泵“没有腿”，所以让我们潜水。

Bitcoin Analysis

比特币分析

Bitcoin’s market performance tells an interesting story. Just a few weeks ago, the market was heavily skewed towards bearish territory. But things began to shift on March 9, which analysts highlight as a key bottom signal. Currently, the overall sentiment is neutral, with a slight bullish edge.

比特币的市场表现讲述了一个有趣的故事。就在几周前，市场倾向于看跌领土。但是3月9日的情况开始转移，分析师将重点作为关键底部信号。目前，总体情绪是中性的，有略有看涨的边缘。

In terms of market performance, Bitcoin registered a weekly gain of about 7.5%. However, utility metrics present a more nuanced picture. Transaction volumes and active addresses have decreased slightly. Looking at wallet activity, 30-day active wallets saw a minor increase of 3.5%, while 1-year wallets show a 4.5% rise. These numbers suggest the market is in neutral territory, far from an overheated state.

在市场绩效方面，比特币的每周收益约为7.5％。但是，公用事业指标呈现出更细微的图片。交易量和主动地址略有下降。从钱包活动中看，30天的活跃钱包的次要增加了3.5％，而一年的钱包则增长了4.5％。这些数字表明市场位于中立领土，远非过热状态。

Examining whale activity offers more insight. After a quiet February, large Bitcoin holders have started accumulating again. Investors with wallets holding between 10 and 10,000 BTC have been steadily increasing their positions. This trend is particularly interesting because whales were buying even as the price was going down, which could be viewed as a bullish move.

检查鲸鱼活动提供了更多的见识。经过2月的安静之后，大型比特币持有人再次开始积累。持有10到10,000 BTC的钱包的投资者一直在稳步提高其头寸。这种趋势特别有趣，因为即使价格下跌，鲸鱼也在购买，这可以看作是看涨的举动。

Moving on to stablecoin metrics, Tether’s supply on exchanges has dropped from around $45 billion to $40 billion. USDC saw a recent supply spike but has since pulled back. While lower stablecoin reserves might reduce immediate market liquidity, it’s not necessarily a direct bearish indicator.

转向Stablecoin指标，Tether的交流供应已从约450亿美元下降到400亿美元。 USDC看到了最近的供应峰值，但此后已退缩。尽管较低的稳定储备可能会降低立即市场流动性，但不一定是直接的看跌指标。

Ethereum Analysis

以太坊分析

Ethereum shows a similar complex pattern. The cryptocurrency is up about 10% over the past week. However, key metrics tell a different story. Transaction volume and circulation are declining, and ETH wallets are still down around 29% on average.

以太坊显示出类似的复杂模式。在过去一周中，加密货币增长了约10％。但是，关键指标讲述了一个不同的故事。交易量和循环量正在下降，ETH钱包的平均水平仍然下降了约29％。

This underperformance could set the stage for a potential “regression to the mean” scenario. Market Value to Realized Value (MVRV) metrics suggest there’s room for upward movement. Funding rates and short positions are also worth noting. A spike in shorts could potentially lead to liquidations, driving prices up.

这种表现不佳可能为潜在的“均值回归”情景奠定了基础。实现价值的市场价值（MVRV）指标表明有向上移动的空间。资金率和短职位也值得注意。短裤的尖峰可能会导致清算，从而推动价格上涨。

There’s also hype about a potential Ethereum ETF with staking. Major players like Fidelity have filed, which could be a significant bullish catalyst if approved by the SEC. The current slightly negative sentiment has historically preceded upward price movements.

关于潜在的以太坊ETF的炒作也有炒作。像富达（Fidelity）这样的主要参与者已提交，如果获得美国证券交易委员会（SEC）的批准，这可能是一个重要的看涨催化剂。当前的略有负面情绪从历史上一直在上涨之前。

Solana Analysis

索拉纳分析

Solana had a major boost from BlackRock’s involvement. The tokenized fund moving to the Solana blockchain caused a massive surge in sentiment. Social media reaction was overwhelmingly positive, with a 10:1 positive to negative ratio – the highest in over a year.

索拉纳（Solana）从贝莱德（Blackrock）的参与中得到了重大提升。迁移到Solana区块链的标记基金引起了人们的巨大激增。社交媒体的反应绝大多数是积极的，而10：1积极的比例为10：1，这是一年多以来最高的。

Just in: Blackrock’s BUIDL fund is launching on Solana!@Securitize brings the largest yield-bearing tokenized treasury to Solana 🧬

就在：BlackRock的Buidl Fund在Solana上启动！@securitize将最大的承重令牌财政部带到了Solana🧬

The SEC-approved investment vehicle will allow accredited investors to participate directly in a portfolio of seven crypto startups selected by Blackrock.

SEC批准的投资工具将允许经认可的投资者直接参与BlackRock选择的七家加密初创公司的投资组合。

The move comes after months of rumors and anticipation, and marks a significant milestone for the Solana ecosystem.

此举是在经过几个月的谣言和期待之后，标志着Solana生态系统的重要里程碑。

“We are excited to be working with Blackrock on this important initiative,” said Charles Lee, co-founder of Blockfolio and creator of the popular crypto news aggregator. “Their expertise in investing and technology will be invaluable in developing a successful tokenized fund.”

Blockfolio的联合创始人，受欢迎的加密新闻集合商的创建者Charles Lee说：“我们很高兴能与BlackRock合作制定这项重要的计划。” “他们在投资和技术方面的专业知识对于建立成功的令牌基金将是无价的。”

The tokenized fund will be structured as a limited partnership, with Blackrock serving as the general partner and investors as limited partners. Investors will be able to purchase units of the fund with a minimum investment of $250,000.

代币化基金将作为有限的合作伙伴关系结构，贝莱德（BlackRock）担任普通合伙人和投资者作为有限合作伙伴。投资者将能够以25万美元的最低投资购买该基金的单位。

The fund will invest in a diversified portfolio of crypto startups across different sectors, such as DeFi, NFTs, and Web3. Some of the startups that the fund will invest in include Aave, Balancer, and Chainlink.

该基金将投资于跨不同领域（例如Defi，NFTS和Web3）的加密初创公司的多元化投资组合。该基金将投资的一些初创公司包括AAVE，Balancer和Chainlink。

The launch of Blackrock’s tokenized fund is a major development for the crypto industry. It could open the door for more institutional investors to enter the market and help to drive further growth.

BlackRock的令牌化基金的推出是加密行业的重大发展。它可以为更多的机构投资者打开大门，以进入市场并帮助推动进一步的增长。

Here are some of the key takeaways from the announcement:

这是公告的一些关键要点：

* Blackrock’s tokenized fund will be available to accredited investors only.

* BlackRock的令牌化基金仅适用于认可的投资者。

* The fund will invest in a diversified portfolio of crypto startups.

*该基金将投资多元化的加密初创公司。

* Investors will be able to purchase units of the fund with a minimum investment of $250,000.

*投资者将能够以25万美元的最低投资购买该基金的单位。

* The fund will be structured as a limited partnership.

*该基金将作为有限的合作伙伴关系结构。

* Blackrock will serve as

*贝莱德将作为