股票和加密货币市场暴跌，引发投资者不安

风险资产经历了动荡的一周，周二和周三因通胀担忧而暴跌，周五又大幅下跌。标准普尔 500 指数经历了 2023 年 10 月以来最大的单周抛售，风险范围内的损失不断扩大。比特币的主导地位飙升至 55% 以上，同时山寨币也出现大幅抛售。 Memecoin 和新推出的代币遭受严重损失，加剧了整体市场调整，而美国与税收相关的流动性流失可能会加剧这一现象。

Equity and Cryptocurrency Markets Plummet, Sparking Concerns

股票和加密货币市场暴跌引发担忧

This week witnessed a significant decline in risk assets, with a precipitous sell-off on Tuesday morning, exacerbated by a discouraging inflation report and persistent downward pressure throughout Friday's trading session. The S&P 500 index experienced a 1.7% loss, marking its most substantial weekly sell-off since last October's market bottom. The severity of losses intensified further out along the risk curve.

本周风险资产大幅下跌，周二上午出现急剧抛售，令人沮丧的通胀报告和整个周五交易时段持续的下行压力加剧了这一情况。标准普尔 500 指数下跌 1.7%，这是自去年 10 月市场触底以来最大幅度的单周抛售。沿着风险曲线，损失的严重程度进一步加剧。

Bitcoin's peak-to-trough decline exceeded 10% this week, although it remained relatively modest compared to the significant drawdowns experienced by other cryptocurrencies. Notably, Bitcoin's price decline coincided with a surge in its dominance, leading to a massacre of altcoins.

比特币本周从峰谷到谷底的跌幅超过了 10%，尽管与其他加密货币经历的大幅跌幅相比，其幅度仍然相对较小。值得注意的是，比特币的价格下跌恰逢其主导地位的飙升，导致了山寨币的大屠杀。

Bitcoin Dominance breached a resistance level that had persisted since December 2023, surpassing the 55% mark for an extended period since April 2021. This upward movement paralleled a significant decline in the ETH/BTC ratio, which rejected the crucial 0.05 support level and established a new 2024 low.

比特币的主导地位突破了自 2023 年 12 月以来一直存在的阻力位，自 2021 年 4 月以来在很长一段时间内超过了 55% 大关。这一上升趋势与 ETH/BTC 比率的大幅下降同时发生，该比率拒绝了关键的 0.05 支撑位，并建立了2024 年新低。

Despite previous optimism on Crypto Twitter that a rejection of the 55% level in Bitcoin Dominance would herald the onset of alt season, the violent upswing witnessed today challenges such notions.

尽管之前加密推特上乐观地认为，拒绝比特币主导地位的 55% 水平将预示着替代季节的到来，但今天见证的剧烈上涨挑战了这种观点。

Along the risk curve, popular memecoins and recently airdropped tokens endured even more substantial losses on Friday, ranging from the low teens to the high twenties percentagewise.

沿着风险曲线，流行的模因币和最近空投的代币在周五遭受了更严重的损失，百分比范围从十几岁到二十多岁。

This downturn coincides with the commencement of tax season in the United States, which is believed to be inducing a significant liquidity drain as individuals liquidate assets to cover tax liabilities from 2023's market gains.

此次经济低迷恰逢美国报税季的开始，据信，随着个人清算资产以弥补 2023 年市场收益的纳税义务，这将导致大量流动性流失。

Friday represented the final opportunity for many traders to sell in time to meet their tax obligations, raising the possibility of a market rebound next week with this added selling pressure subsiding.

周五是许多交易者及时卖出以履行纳税义务的最后机会，随着抛售压力的消退，下周市场反弹的可能性增加。

Analysts at Morgan Stanley had previously warned of a $265 billion capital gains tax selling event, contributing to the recent market volatility.

摩根士丹利分析师此前曾警告称，2650亿美元的资本利得税抛售事件加剧了近期的市场波动。

In conclusion, the recent sell-off in both equity and cryptocurrency markets has raised concerns among investors. While the impact of tax season may provide a partial explanation for this downward pressure, it remains to be seen whether markets will rebound or further decline in the coming weeks.

总之，近期股票和加密货币市场的抛售引起了投资者的担忧。虽然报税季的影响可能为这种下行压力提供部分解释，但未来几周市场是反弹还是进一步下跌仍有待观察。