以太坊（ETH）和Solana（Sol）价格可能会在5月30日开始债权人还款时跌幅

3月下旬，以太坊价格在狭窄的2％范围内汇总在1,750美元至1,820美元之间，但即将举行的流动性事件可能在2025年4月进一步触发下跌。

Ethereum price has remained bid and consolidated within a narrow 2% range between $1,750 and $1,820 in late March. However, an upcoming liquidity event could trigger further downside in April 2025.

以太坊的价格在3月下旬的1,750美元至1,820美元之间的狭窄2％范围内保持了竞标和合并。但是，即将举行的流动性事件可能会在2025年4月触发偏低。

As FTX prepares to begin creditor repayments on May 30, traders are turning their attention to the potential market turbulence that could unfold.

当FTX准备在5月30日开始债权人还款时，交易者将注意力转向可能展开的潜在市场动荡。

Ethereum (ETH) Set to Close March 2025 with 18% Losses

以太坊（ETH）将于2025年3月关闭，损失18％

Ethereum price is set to post underwhelming performance in March 2025, underperforming significantly as network upgrade concerns, Trump’s tariff policies, and heightened congressional scrutiny of former SEC Commissioner Paul Atkins come into play.

以太坊的价格将在2025年3月的出色表现上表现不佳，随着网络升级担忧，特朗普的关税政策以及前SEC专员Paul Atkins的国会审查的提高，其表现明显不足。

At press time, ETH is trading at $1,830, indicating an 18% decline from its March 1 opening price of $2,237. In contrast, Bitcoin (BTC) has remained relatively stable, losing less than 2% for the month as it trades above $83,400 after opening March at $84,400.

发稿时，ETH的交易价格为1,830美元，表明其3月1日开盘价下降了18％。相比之下，比特币（BTC）保持相对稳定，本月损失不到2％，因为它在3月开业后以84,400美元的价格交易超过83,400美元。

The stark divergence in performance highlights Ethereum’s exposure to additional bearish catalysts beyond broader macroeconomic risks.

性能的鲜明分歧突显了以太坊暴露于更广泛的宏观经济风险之外的其他看跌催化剂。

FTX Payouts from May 30 Could Drain $800 Million in Ethereum and Solana Liquidity

从5月30日起，FTX支出可能会流失8亿美元的以太坊和Solana流动性

Ethereum’s underperformance relative to Bitcoin signals the influence of asset-specific headwinds.

以太坊相对于比特币的表现不佳信号表明资产特定逆风的影响。

One major catalyst is the impending FTX repayments, set to commence on May 30. Over the past few months, the bankrupt exchange has systematically moved assets into exchange wallets, preparing for liquidation.

一个主要的催化剂是即将开始的FTX还款，定于5月30日开始。在过去的几个月中，破产的交换已系统地将资产转移到了交换钱包中，为清算做准备。

On-chain data from Arkham Intelligence reveals that FTX holds over $800 million in assets hosted on the Ethereum and Solana blockchains.

来自Arkham Intelligence的链链数据表明，FTX持有以太坊和Solana区块链上托管的8亿美元资产。

As seen in the chart above, 61% of these holdings are Solana-based assets, while 39% are Ethereum-based.

如上图所示，这些持股中有61％是基于索拉纳的资产，而39％的资产是基于以太坊的。

Since FTX’s collapse in November 2022, Solana, Bitcoin, Ethereum, and XRP have surged in value, with SOL leading the gains at approximately 650%.

自2022年11月FTX倒闭以来，Solana，Bitcoin，Ethereum和XRP的价值飙升，Sol的增长率约为650％。

However, court filings confirm that FTX repayments will be made in USD, necessitating asset liquidations to generate cash.

但是，法院申请证实，FTX还款将以美元进行，因此需要资产清算以产生现金。

The anticipation of this forced selling has already placed downward pressure on ETH and SOL prices, with further declines expected in April 2025.

对这种强制销售的期望已经对ETH和SOL价格的下降压力，预计在2025年4月会进一步下降。

FTX will begin repaying major creditors on May 30 from its $11.4 billion reserve, with some payouts reaching up to 118% per claim.

FTX将从5月30日从其114亿美元的储备金开始偿还主要债权人，每次索赔的支出最高可达118％。

However, the repayments are based on crypto prices at the time of FTX’s bankruptcy, disregarding the significant gains these assets have made since late 2022. To compensate for the time delay, creditors will receive an additional 9% annual interest on their claims.

但是，偿还基于FTX破产时的加密价格，无视这些资产自2022年底以来所取得的巨大收益。为了弥补时间延迟，债权人将额外获得9％的年度利息。

Ethereum and Solana Could Underperform in April 2025

以太坊和索拉纳在2025年4月可能表现不佳

Given the upcoming FTX liquidation event, Solana and Ethereum price forecast signals could continue lean bearish and underperform relative to Bitcoin and other major assets.

鉴于即将举行的FTX清算事件，相对于比特币和其他主要资产，Solana和Ethereum价格预测可能会继续倾向和表现不佳。

The market has already priced in expectations of substantial sell pressure, and further downside remains likely if liquidation volumes exceed current projections. Unless new demand offsets these sales, ETH and SOL could see a challenging start to Q2 2025.

该市场已经定价为巨大的卖出压力，如果清算量超过目前的预测，则可能会进一步的缺点。除非新需求抵消这些销售，否则ETH和SOL可能会在第2季度2025年开始有挑战性。

Frequently Asked Questions (FAQs)

常见问题（常见问题解答）

1. What is causing Ethereum’s price decline in March 2025?

1。是什么导致以太坊在2025年3月的价格下降？

Ethereum price has underperformed relative to Bitcoin, signaling the presence of asset-specific sell-side pressure.

以太坊价格相对于比特币的表现不佳，表明资产特定的卖方压力的存在。

This weakness can be attributed to several factors, including:

这种弱点可以归因于几个因素，包括：

* Network upgrade concerns: The community is still debating the introduction of EIP-4844, which could reduce gas fees but also encountered strong opposition from BitMEX Research analysts.

*网络升级问题：社区仍在辩论EIP-4844的引入，这可能会降低汽油费，但也遇到了BITMEX研究分析师的强烈反对。

* Trump’s tariff policies: A report by The Block highlights how Trump’s tariffs on China are affecting cryptocurrency prices.

*特朗普的关税政策：该街区的一份报告强调了特朗普对中国的关税如何影响加密货币价格。

* Heightened congressional scrutiny of former SEC Commissioner Paul Atkins is also a factor contributing to market volatility.

*前美国证券交易委员会专员保罗·阿特金斯（Paul Atkins）的国会审查得到了加强，这也是导致市场波动的一个因素。

2. How will FTX’s repayments impact Ethereum and Solana?

2。FTX的还款将如何影响以太坊和Solana？

FTX is set to begin paying back creditors on May 30, beginning with major claims. These payouts will be based on crypto prices at the time of FTX’s bankruptcy, despite the significant gains these assets have made since late 2022.

FTX将于5月30日开始偿还债权人，从重大索赔开始。这些支出将基于FTX破产时的加密价格，尽管这些资产自2022年底以来取得了巨大收益。

To compensate for the time delay, creditors will receive an additional 9% annual interest on their claims.

为了弥补时间延迟，债权人将额外获得9％的年度利息。

3. Can Ethereum recover after the FTX sell-off?

3。在FTX抛售后，以太坊可以恢复吗？

The prospect of FTX offloading $800 million in Ethereum and Solana to make creditor repayments signals potential turbulence for the crypto market in April 2025.

FTX在以太坊和Solana中卸载了8亿美元的前景，以使债权人还款表明2025年4月的加密货币市场可能动荡。

As FTX prepares to begin paying back creditors on May 3

当FTX准备从5月3日开始偿还债权人