加密货币市场抛售：专家揭示为何 BTC、ETH、XRP 和其他山寨币 突然跌倒

周二，加密货币市场突然下跌，全球加密货币市值暴跌超过 4%，比特币 (BTC) 和以太坊 (ETH) 价格在数小时内暴跌 5%。此次全市场抛售是由史上最大规模期权到期后市场情绪疲软引发的，并导致整个加密货币市场的清算额超过 5 亿美元。

Crypto Market Plunges Amidst Pre-Halving Correction and Options Expiry

加密货币市场在减半前修正和期权到期中暴跌

The cryptocurrency market witnessed a sharp decline on Tuesday, eroding over 4% of its global market capitalization. The total value plunged from $2.64 trillion to a low of $2.50 trillion, triggering a market-wide selloff. Bitcoin (BTC) and Ethereum (ETH), the two leading cryptocurrencies, lost approximately 5% within hours, further intensifying the downward trajectory.

周二，加密货币市场大幅下跌，全球市值缩水超过 4%。总价值从2.64万亿美元暴跌至2.50万亿美元低点，引发全市场抛售。比特币（BTC）和以太坊（ETH）这两种领先的加密货币在数小时内下跌了约 5%，进一步加剧了下跌趋势。

Altcoins, including Solana (SOL), BNB, XRP, and Cardano (ADA), also experienced significant losses. Meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) failed to maintain their recent gains and dropped over 8%. This broad-based market decline followed the largest-ever options expiry witnessed by the crypto market.

Solana (SOL)、BNB、XRP 和 Cardano (ADA) 等山寨币也遭受了重大损失。 Meme 币狗狗币 (DOGE) 和柴犬币 (SHIB) 未能维持近期涨幅，下跌超过 8%。此次市场广泛下跌是在加密货币市场出现有史以来最大规模的期权到期之后发生的。

Pre-Halving Market Correction

减半前市场调整

Analysts have attributed the recent market correction to a pre-halving phenomenon, which has historically preceded Bitcoin halving events. Halving, scheduled to occur in 2024, reduces the issuance rate of new Bitcoins by 50%. Historically, the market has exhibited similar patterns of volatility and price adjustments prior to halving events.

分析师将最近的市场调整归因于减半前的现象，历史上这种现象发生在比特币减半事件之前。计划于 2024 年减半，新比特币的发行率将降低 50%。从历史上看，市场在减半事件之前也表现出类似的波动和价格调整模式。

Weak Market Sentiment and Liquidations

市场情绪疲软和清算

The prevailing market sentiment has been negative, particularly since the record-breaking options expiry. Investors have been uncertain and skeptical about the market's trajectory. This weak sentiment, coupled with large liquidations on retail-heavy crypto exchanges like Binance, contributed to the sudden downfall. Binance witnessed perpetuals funding rates drop from a high of 77% to flat, a significant indicator of selling pressure.

普遍的市场情绪一直是负面的，特别是在破纪录的期权到期之后。投资者对市场的发展轨迹一直感到不确定和怀疑。这种疲软的情绪，加上币安等零售密集型加密货币交易所的大规模清算，导致了价格的突然下跌。币安永续合约融资利率从 77% 的高位下降至持平，这是抛售压力的一个重要指标。

Technical Support Breaks

技术支持中断

For Bitcoin, the break below the $70,000 mark and subsequent trading below $66,000 raised concerns. Similarly, Ethereum's descent to $3320 lows further weakened the market's overall technical outlook. The breach of crucial support levels, as identified by analysts and traders, spurred a freefall in prices across the crypto space.

对于比特币来说，跌破 70,000 美元大关以及随后跌破 66,000 美元的交易引发了担忧。同样，以太坊跌至 3320 美元低点进一步削弱了市场的整体技术前景。分析师和交易员指出，突破关键支撑位引发了整个加密货币领域的价格直线下跌。

Market Data and Liquidation Statistics

市场数据和清算统计

Coinglass data revealed extensive liquidations exceeding $500 million during the market correction. Approximately $414 million of long positions were liquidated, while $85 million of short positions faced liquidations over the past 24 hours. Over 139,000 traders were liquidated, with the largest single liquidation order occurring on OKX, where someone converted $7.48 million worth of ETH to USD.

Coinglass 数据显示，在市场调整期间，大量清算资金超过 5 亿美元。过去 24 小时内，大约 4.14 亿美元的多头头寸被清算，而 8500 万美元的空头头寸面临清算。超过 139,000 名交易者被清算，其中最大的单笔清算订单发生在 OKX，有人将价值 748 万美元的 ETH 兑换成美元。

Macroeconomic Factors

宏观经济因素

The crypto market's performance is also influenced by macroeconomic factors. On Tuesday, the US dollar index (DXY) surged to 105, its highest level since mid-February. This rise coincides with anticipation of key US economic indicators scheduled for release this week. Stronger-than-expected ISM manufacturing PMI data has tempered expectations of a dovish stance from the Federal Reserve (Fed) in June.

加密货币市场的表现也受到宏观经济因素的影响。周二，美元指数(DXY)飙升至105，为2月中旬以来的最高水平。这一上涨恰逢美国计划于本周发布的主要经济指标的预期。强于预期的 ISM 制造业 PMI 数据缓和了对 6 月份美联储 (Fed) 鸽派立场的预期。

Additionally, the US 10-year Treasury yield reached 4.341%, its highest since the start of the year. Hot PCE data diminished optimism about early rate cuts by the Fed, potentially contributing to the overall market volatility.

此外，美国10年期国债收益率达到4.341%，为年初以来最高水平。热门的个人消费支出数据削弱了人们对美联储提前降息的乐观情绪，可能导致整体市场波动。

Expectations for Bitcoin Recovery

对比特币复苏的预期

Despite the recent downturn, analysts remain optimistic about Bitcoin's trajectory in the long term. Kaiko reported that Bitcoin has historically closed 64% up in the first quarter over the past three years. Spot Bitcoin ETF inflows are also expected to rebound from low levels soon.

尽管最近出现低迷，但分析师仍对比特币的长期发展轨迹持乐观态度。 Kaiko 报告称，比特币在过去三年第一季度的收盘涨幅达到了 64%。现货比特币 ETF 流入预计也将很快从低位反弹。

Conclusion

结论

The crypto market has experienced a significant correction, driven by a combination of pre-halving dynamics, weak market sentiment, technical support breakages, and macroeconomic influences. Liquidations have been substantial, indicating increased selling pressure. Despite the recent decline, analysts remain hopeful about Bitcoin's long-term prospects and anticipate a market recovery in the future.

在减半前的动态、疲软的市场情绪、技术支撑断裂和宏观经济影响的共同推动下，加密货币市场经历了重大调整。清算量很大，表明抛售压力增加。尽管最近有所下跌，但分析师仍然对比特币的长期前景充满希望，并预计未来市场将会复苏。