加密货币衍生品市场见证了9.04亿美元的清算活动，比特币和其他主要资产有价值

在过去的24小时内，加密货币衍生品市场目睹了一项重大清算事件，因为比特币和其他主要资产的价值暴跌。

The cryptocurrency derivatives market has witnessed a significant liquidation event in the past 24 hours, with massive losses as Bitcoin and other major assets have plummeted in value. Data from CoinGlass reveals that a substantial amount of positions were forcibly closed due to exceeding their liquidation thresholds, leading to widespread market turmoil.

在过去的24小时内，加密货币衍生品市场目睹了一项重大清算事件，因为比特币和其他主要资产的价值暴跌。来自Coinglass的数据表明，由于超过其清算阈值，因此被强行关闭了大量职位，从而导致广泛的市场动荡。

What Are Liquidations?

什么是清算？

A position in the crypto market is considered “liquidated” when a trading platform forcibly closes it, usually due to the holder’s losses surpassing a pre-set threshold. This typically occurs when an investor has used leverage to amplify their positions. Leverage, essentially a loan against the initial investment, can increase potential profits but also amplifies losses, raising the risk of liquidation when market conditions move unfavorably.

当交易平台强行关闭时，加密市场中的位置通常被认为是“清算”的，这通常是由于持有人的损失超过了预设的阈值。通常，当投资者使用杠杆来扩大其头寸时，这通常会发生。杠杆基本上是针对初始投资的贷款，可以增加潜在的利润，但也会增加损失，从而在市场条件不利时增加清算风险。

In cryptocurrency markets, where price swings are notoriously volatile, such events happen with regularity. When assets experience high volatility, traders face significant risk, especially when using leverage. This can trigger what’s known as a “squeeze,” where large numbers of positions are liquidated in a short period.

在众所周知，价格波动的加密货币市场中，这种事件是规律性发生的。当资产经历高波动率时，交易者会面临巨大的风险，尤其是在使用杠杆时。这可以触发所谓的“挤压”，在短时间内清算大量位置。

The Scale of Liquidations

清算规模

Over the past 24 hours, crypto markets have seen nearly $904 million in liquidations, with the majority of these coming from long contracts. Long positions are bets that the price of an asset will rise. The crash in Bitcoin and other major cryptocurrencies during this period led to heavy losses for those holding long positions.

在过去的24小时内，加密货币市场已有近9.04亿美元的清算，其中大多数来自长期合同。长期以来，押注资产的价格将上涨。在此期间，比特币和其他重大加密货币发生的坠机导致那些持有长位置的人造成了巨大的损失。

Out of the total liquidated value, approximately $811 million, or around 90%, were long positions. This is a stark reflection of how the recent downturn affected traders who were betting on rising prices. Bitcoin alone accounted for $261 million in liquidations, while Ethereum (ETH) followed with $113 million, and Solana (SOL) had $39 million.

在总清算价值中，大约8.11亿美元（约90％左右）是长位置。这是对最近的低迷如何影响价格上涨的交易者的鲜明反映。仅比特币就占了2.61亿美元的清算，而以太坊（ETH）则为1.13亿美元，而Solana（Sol）（Sol）的售价为3900万美元。

Interestingly, XRP, despite having a larger market cap than Solana, performed worse in terms of liquidations, likely due to a steeper price drawdown for the asset during the sell-off.

有趣的是，尽管XRP的市值比Solana更大，但在清算方面的表现较差，这可能是由于售罄期间资产的价格降低了。

The Role of Market Sentiment

市场情绪的作用

The recent sell-off and resulting squeeze can be attributed to several factors, including the overall volatility of the cryptocurrency market and the shifting sentiment among traders. While some of the liquidations were expected given the unpredictable nature of digital assets, market analysts are noting that the funding rate for long positions has not been as aggressive as it was in previous market rallies, such as the November to early December surge.

最近的抛售和由此产生的压缩可以归因于几个因素，包括加密货币市场的总体波动和交易者之间的转移情绪。鉴于数字资产的不可预测性质，预计某些清算是有预计的，但市场分析师指出，长期头寸的筹资率并不像以前的市场集会（如11月至12月初的激增）那样具有侵略性。

According to Glassnode’s analysis, the hourly funding rates for the top five cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE), indicate that traders are not as heavily invested in long positions as they were during earlier bullish periods. This suggests that the current downturn was not preceded by the same level of bullish optimism that typically precedes a market crash.

根据GlassNode的分析，前五名加密货币的每小时筹资率，包括比特币（BTC），以太坊（ETH），Solana（Sol），XRP和Dogecoin（Doge），表明交易者并不那么在长位上投入了很大的投资就像在看涨时期一样。这表明，当前的衰退之前没有以相同的看涨乐观情绪，通常是在市场崩溃之前。

Bitcoin’s Price Action

比特币的价格动作

At the time of writing, Bitcoin (BTC) is trading around $100,400, marking a decline of over 4% in the past week. The recent crash has affected not only Bitcoin but also other major cryptocurrencies, contributing to the massive liquidation event. With Bitcoin’s price falling further, it remains crucial to monitor the next key levels of support and resistance as traders evaluate their positions.

在撰写本文时，比特币（BTC）的交易约为100,400美元，在过去一周中下降了4％以上。最近的崩溃不仅影响了比特币，而且影响了其他主要的加密货币，这导致了大规模清算事件。随着比特币的价格进一步下降，当交易者评估其头寸时，监测下一个关键支持和抵抗的关键水平仍然至关重要。