加密市场受到重大打击：这是更大的下降趋势的开始吗？

由于价格在周日的价格急剧下跌，加密货币市场遭受了巨大的打击，这表明了一个强大的看跌阶段的开始。比特币，以太坊和替代币造成了巨大损失

The crypto market experienced a significant downturn on Sunday, with prices dropping sharply and signaling the beginning of a strong bearish phase. This crash coincided with a major selloff in the U.S. tech sector, heightening the panic among investors.

加密货币市场在周日经历了巨大的衰退，价格急剧下降，并表示较强的看跌阶段的开始。这次崩溃恰逢美国科技领域的重大抛售，增加了投资者的恐慌。

Several factors contributed to this crypto market crash. Firstly, there were failed breakouts and profit-taking that triggered the initial drop. Cryptos had been struggling to break past key resistance levels for weeks. Bitcoin hovered around $100K, Ethereum attempted to push beyond $3,500, and other major tokens showed little growth. This lack of upward momentum led traders to begin liquidating their profits from the previous bull run.

几个因素导致了这种加密市场崩溃。首先，触发了最初下降的突破和利润失败。加密货币一直在努力打破几周的关键阻力水平。比特币徘徊在$ 10万美元左右，以太坊试图超过3500美元，而其他主要代币的增长很少。这种不足的动力使交易者开始从上一头公牛奔跑开始清算其利润。

As early selloffs commenced, a chain reaction followed, leading to even deeper losses. The entire crypto market today failed to breach a valuation of $3.6 Trillion, and consequently crashed towards the current valuation of around $3.2 Trillion.

随着早期抛售的开始，随后发生了连锁反应，从而导致更深的损失。如今，整个加密市场未能违反3.6万亿美元的估值，因此以目前的估值约为3.2万亿美元。

Another key factor was trouble in the U.S. tech sector, specifically with DeepSeek. The announcement of this powerful new AI from China, which reportedly operates at just 10% of the cost of ChatGPT while delivering similar performance, had a major impact. This news led to a massive stock dump, particularly in AI-focused companies.

另一个关键因素是美国技术领域的麻烦，尤其是DeepSeek。据报道，这种强大的新AI宣布了中国的新AI，在交付类似性能的同时仅以Chatgpt成本的10％运作，产生了重大影响。这一消息导致了大量股票转储，尤其是在以AI为中心的公司中。

Since crypto is highly correlated with tech stocks, investors began pulling out of risk assets—including Bitcoin and altcoins. This shift in preference towards safer investments contributed to the crypto market's decline.

由于加密货币与科技股高度相关，因此投资者开始退出风险资产，包括比特币和山寨币。偏爱更安全投资的转变导致了加密货币市场的下降。

Finally, the snowball effect of panic selling and stablecoin surge played a role. Once the crypto market experienced heavy selling pressure, it quickly escalated into full-scale panic. Investors rushed to secure their profits by converting their holdings into stablecoins.

最后，恐慌销售和Stablecoin激增的滚雪球效果发挥了作用。一旦加密货币市场经历了巨大的销售压力，它就会迅速升级为全面的恐慌。投资者急于通过将其持股转换为稳定币来获得利润。

The impact was clear—Tether USDT volume surged by 80% in the last 24 hours, reaching a massive $128 billion. This shift signals that investors are preparing for further downside and moving to safer assets while waiting for the market to stabilize.

影响很明显 - 在过去24小时内，USDT量飙升了80％，达到了1,280亿美元。这种轮班表明投资者正在准备进一步的缺点，并在等待市场稳定的同时转移到更安全的资产。

As this wave of panic selling continues, the market could continue its decline in the short term. If Bitcoin and other major cryptos fail to find support, we might see another round of selloffs pushing prices even lower. However, long-term investors might view this as an opportunity—once the dust settles, a new accumulation phase could begin.

随着恐慌销售浪潮的继续，市场可能在短期内继续下降。如果比特币和其他主要加密货币未能找到支持，我们可能会看到另一轮卖空推动价格甚至更低。但是，长期投资者可能会认为这是一个机会 - 一旦尘埃落定，就可以开始一个新的积累阶段。

For now, caution is key—whether you’re holding or trading, keeping an eye on both crypto and traditional markets will be crucial in navigating this volatility.

目前，谨慎是关键 - 无论您是要进行还是交易，关注加密货币和传统市场对于导航这种波动至关重要。