加密货币市场扭转了课程，损失了近5000亿美元的市值

在过去的48小时内，加密货币市场发生了暴力逆转，损失了近5000亿美元的市值。三个最受欢迎的山寨币，Dogecoin，Solana和XRP

The cryptocurrency market has experienced a violent reversal over the last 48 hours, wiping out almost $500 billion in market capitalization. Three of the most popular altcoins, Dogecoin, Solana and XRP, have seen drops of up to 20%, leaving traders perplexed.

在过去的48小时内，加密货币市场经历了暴力逆转，从而消除了近5000亿美元的市值。最受欢迎的山寨币中有三个，Dogecoin，Solana和XRP，跌幅高达20％，使商人感到困惑。

A startling series of events led to the sharp decline on the market. On Sunday, the establishment of a U.S. Cryptocurrency Reserve was announced, setting off a surge of optimism. As a result, the cryptocurrency market capitalization recovered most of its recent losses, rising to $3.11 trillion from $2.77 trillion.

一系列令人震惊的事件导致市场上的急剧下降。周日，宣布建立美国加密货币保护区，引发了乐观的激增。结果，加密货币市值从2.77万亿美元恢复了其最近的大部分损失，从2.11万亿美元上升到3.11万亿美元。

However, the market abruptly reversed again in the next day and declined to $2.6 trillion, which was $100 billion less than its pre-announcement level. Many investors were caught off guard by this sudden shift, highlighting the cryptocurrency market’s extreme volatility and speculative nature.

但是，市场在第二天突然逆转，下降到2.6万亿美元，比其前宣布水平少1000亿美元。由于这种突然的转变，许多投资者措手不及，强调了加密货币市场的极端波动和投机性。

For instance, Ethereum’s price action showcases the market’s rapid turnaround. Before the reserve declaration, ETH had slumped to $2,173. Following the announcement, it surged to $2,550 but then dropped back to $2,050, which is 8% lower than its pre-announcement level.

例如，以太坊的价格行动展示了市场的快速周转。在储备宣布之前，ETH跌至2,173美元。宣布后，它飙升至2,550美元，但随后又降至2,050美元，比其上市前的水平低8％。

This type of extreme volatility, transforming what looked like a bullish catalyst into a painful bull trap, reflects a significant change in investor sentiment.

这种极端波动，将看起来像看涨的催化剂变成了痛苦的牛陷阱，这反映了投资者情绪的重大变化。

The Crypto Fear and Greed Index was at 20 prior to the announcement, indicating Extreme Fear. It soared to 55, nearly touching Greed, after the reserve news. The fact that it is now back down to 24 shows a total reversal of sentiment.

加密恐惧和贪婪指数在宣布之前为20，表明极端恐惧。预备役新闻后，它飙升至55，几乎触及了贪婪。现在回到24个事实表明，完全逆转了情感。

Further contributing to the pessimistic outlook, capital has been flowing out of cryptocurrency funds in record numbers, with a weekly outfall of $2.06 billion, an increase of $500 million from the prior record set in 2024. Despite the ostensibly optimistic announcement of the reserve, investors are quickly pulling their funds out of crypto.

进一步促进了悲观的前景，资本一直以创纪录的数量从加密货币资金中流出，每周的排放量为20.6亿美元，比2024年的纪录增加了5亿美元。尽管表面上乐观地宣布了储备金，但投资者仍在迅速将其资金从Crypto中撤出。

The main culprit: a global trend away from riskier assets. Trade wars and economic uncertainty are causing investors to move away from speculative markets. Along with traditional markets like oil and stock markets, which also saw declines this week, safe-haven assets like gold saw a 10% increase in 2024, while Bitcoin has seen a 10% decrease so far this year.

主要罪魁祸首：远离风险较高的全球趋势。贸易战和经济不确定性导致投资者摆脱投机市场。除了本周的石油和股票市场等传统市场，诸如黄金之类的安全资产在2024年增加了10％，而今年迄今为止，比特币下降了10％。

Even in the face of significant bullish catalysts, the macroeconomic environment is putting pressure on the market, as seen in the recent price activity.

即使面对重要的看涨催化剂，宏观经济环境也在市场上施加压力，如最近的价格活动所示。