随着大量代币释放威胁市场，加密货币暴跌

加密货币市场仍处于调整阶段，即将到来的一波价值数十亿美元的代币解锁浪潮可能会加剧这种情况。在接下来的十周内，价值近 20 亿美元的代币将被释放，从而增加供应并可能抑制价格。这种抛售压力不仅限于山寨币，预计将有超过 110 亿美元的比特币分配给债权人，这进一步加剧了市场的不确定性。

Cryptocurrencies Flounder Amidst Multi-Billion-Dollar Supply Influx

加密货币在数十亿美元的供应涌入中陷入困境

The cryptocurrency market remains mired in a corrective phase, with a series of impending supply events threatening to further stifle any meaningful recovery.

加密货币市场仍陷入修正阶段，一系列即将发生的供应事件有可能进一步扼杀任何有意义的复苏。

A recent report by crypto analytics firm 10x Research has identified nearly $2 billion worth of token unlocks scheduled over the next ten weeks, casting a bearish shadow over altcoins. These significant unlocks typically involve the distribution of previously locked-up assets to team members, organizations, and investors, increasing supply and potentially weighing on prices.

加密货币分析公司 10x Research 最近的一份报告显示，未来十周内将有价值近 20 亿美元的代币解锁，这给山寨币蒙上了看跌阴影。这些重大解锁通常涉及将之前锁定的资产分配给团队成员、组织和投资者，从而增加供应并可能对价格造成压力。

Over the coming two months, a staggering $97 million of aptos (APT), $79 million of starkware (STRK), $94 million of arbitrum (ARB), $53 million of Immutable X's (IMX), $330 million of Avalanche's (AVAX), $64 million of optimism (OP), $28 million of PRIME, nearly $1 billion of sui (SUI), $48 million of ethena (ENA), $171 million of Altlayer's ALT, and $135 million of XAI tokens are slated to enter circulation.

在接下来的两个月里，aptos (APT) 的价值高达 9700 万美元，starkware (STRK) 的价值为 7900 万美元，arbitrum (ARB) 的价值为 9400 万美元，Immutable X (IMX) 的价值为 5300 万美元，Avalanche (AVAX) 的价值为 3.3 亿美元，Avalanche 的 (AVAX) 的价值为 64 美元。价值 100 万美元的乐观 (OP)、价值 2800 万美元的 PRIME、近 10 亿美元的 sui (SUI)、价值 4800 万美元的 ethena (ENA)、价值 1.71 亿美元的 Altlayer ALT 和价值 1.35 亿美元的 XAI 代币预计将进入流通。

According to the report, venture capital investors may feel pressured to secure their recent gains by selling off unlocked tokens, potentially capping any positive momentum in these assets.

该报告称，风险资本投资者可能会感到压力，需要通过出售未锁定的代币来确保近期收益，这可能会限制这些资产的积极势头。

The selling pressure is not limited to altcoins. Over $11 billion worth of bitcoin (BTC) is set to be distributed to creditors of crypto exchange Gemini's Earn program and the defunct Mt. Gox marketplace. K33 Research analyst Velte Lunde warns that these events could stoke market fear, uncertainty, and doubt (FUD).

抛售压力不仅限于山寨币。价值超过 110 亿美元的比特币 (BTC) 将分配给加密货币交易所 Gemini 的 Earn 计划和已停业的 Mt. Gox 市场的债权人。 K33 Research 分析师 Velte Lunde 警告称，这些事件可能会引发市场恐惧、不确定性和怀疑 (FUD)。

Amidst these upcoming supply events, some market observers have pointed to the potential mitigating effect of FTX repayments. Pending bankruptcy court approval, approximately $14-$16 billion in U.S. dollars could be disbursed to creditors, with a portion expected to find its way back into the crypto market.

在这些即将到来的供应事件中，一些市场观察人士指出了 FTX 还款的潜在缓解作用。在破产法院批准之前，大约 14-160 亿美元可能会支付给债权人，其中一部分预计将重新回到加密货币市场。

However, the immediate outlook for cryptocurrencies remains bleak. The CoinDesk 20 Index, a broad market indicator, declined by 3.4% over the past 24 hours as of late Wednesday in the U.S. Bitcoin fell 2.5% to $61,500, while ether (ETH) dropped 3.6%. Bitcoin cash (BCH) and Solana (SOL) were the index's worst performers, plummeting by over 7% each.

然而，加密货币的近期前景仍然黯淡。截至周三晚间，美国大盘指标 CoinDesk 20 指数在过去 24 小时内下跌了 3.4%，其中比特币下跌 2.5%，至 61,500 美元，而以太坊 (ETH) 则下跌 3.6%。比特币现金 (BCH) 和 Solana (SOL) 是该指数表现最差的货币，均下跌超过 7%。

As these supply events unfold, investors should exercise caution and monitor market developments closely. Until these overhangs are resolved, the cryptocurrency market is likely to remain under pressure, making it challenging for tokens to regain sustained upward momentum.

随着这些供应事件的展开，投资者应保持谨慎并密切关注市场发展。在这些悬而未决的问题得到解决之前，加密货币市场可能仍面临压力，这使得代币恢复持续上涨势头面临挑战。