报道加密市场下降中的以太坊和索拉纳铅损失

加密货币市场已面临大幅下降，前五名的加密货币损失了659亿美元

The cryptocurrency market has seen significant market drawdowns, with the top five cryptocurrencies losing a combined $659 billion since their 2025 peak, according to Cryptoquant and its researchers, cryptoquant.com reports.

CryptoQuant.com报道，加密货币市场已经大大减少了市场的大幅度下降，根据CryptoQuant及其研究人员的数据，自2025年峰值以来，前五名的加密货币损失了6590亿美元。

Among the top five cryptocurrencies, ethereum ( ETH ) and solana ( SOL ) led the losses, with ethereum’s market capitalization dropping by 44% to $240 billion, and solana ( SOL ) declining by 43% to $73 billion.

以太坊（ETH）和索拉纳（Sol）（SOL）排名前五的加密货币中，以太坊的市值下降了44％，至2400亿美元，而索拉纳（Sol）（Sol）下降了43％，至730亿美元。

Bitcoin ( BTC ) and binance coin ( BNB ) demonstrated relative resilience, with bitcoin’s market cap down 18% to $1.735 trillion, and BNB falling by only 15% to $91 billion, Cryptoquant data shows.

比特币（BTC）和Binance Coin（BNB）表现出相对的弹性，比特币的市值下降了18％，至1.735万亿美元，而BNB仅下降了15％，至910亿美元，CryptoQuant的数据显示。

Cryptoquant’s analysis highlights that bitcoin and BNB experienced the lowest drawdowns, both losing approximately 20% from their all-time highs. By contrast, ethereum’s price has reached a notably undervalued position against bitcoin, with the ETH/BTC ratio dropping 72% since September 2022.

隐式分析强调，比特币和BNB经历了最低的下水道，两者均从历史高位损失约20％。相比之下，以太坊的价格已被低估了对比特币的价值，自2022年9月以来，ETH/BTC比率下降了72％。

“ ETH’s price has entered an extremely undervalued area relative to bitcoin for the first time since January 2020,” the report notes.

该报告指出：“自2020年1月以来，ETH的价格已经进入了一个被低估的比特币。”

XRP, while initially benefiting from increased investor optimism after the 2024 U.S. presidential election, has since faced stagnation. Following Donald Trump’s victory, XRP’s market capitalization surged from $30 billion to $142 billion by March 2025.

XRP虽然在2024年美国总统大选后最初受益于投资者的乐观情绪，但此后一直处于停滞状态。在唐纳德·特朗普（Donald Trump）的胜利之后，XRP的市值从2025年3月飙升至300亿美元增加到1420亿美元。

“However, the activity on XRPL has since cooled off, with active addresses down to the 20K-40K area,” Cryptoquant’s analysis states.

CryptoQuant分析指出：“但是，XRPL上的活动已经冷静下来，主动地址降低到20K-40K区域。”

Bitcoin’s market sentiment remains subdued, with Cryptoquant’s Bull Score Index at 20, its lowest reading since January 2023. The Bull Score, a metric designed to gauge market optimism, suggests that bitcoin’s investment environment remains weak.

比特币的市场情绪仍然柔和，加密量的公牛得分指数为20，这是2023年1月以来的读数最低。牛公牛得分是一种旨在衡量市场乐观的度量，表明比特币的投资环境仍然很弱。

“With a Bull Score of 20, the model suggests a weak investment environment for Bitcoin, reducing the likelihood of a sustained rally in the near term,” the researchers explain. “If the score remains below 40 for an extended period, it could signal the continued bearish market conditions, similar to previous bear market phases.”

研究人员解释说：“该模型的公牛得分为20，比特币的投资环境较弱，从而减少了近期持续集会的可能性。” “如果长时间的分数保持在40以下，则可能表明与以前的熊市阶段相似的看跌市场状况。”

Cryptoquant’s report illustrates the challenges facing ethereum and solana as they navigate sharper losses than their counterparts. Ethereum’s underperformance, particularly against bitcoin, has reignited debates over the platform’s long-term valuation.

CryptoQuant的报告说明了以太坊和Solana面临的挑战，因为它们与同行相比，他们导致更清晰的损失。以太坊的表现不佳，尤其是针对比特币的表现不佳，重新激发了该平台的长期估值。

Meanwhile, BNB and bitcoin’s relative stability has positioned them as the most resilient among the top five cryptocurrencies.

同时，BNB和比特币的相对稳定性将它们定位为前五名加密货币中最有弹性。

While XRP initially capitalized on regulatory optimism, Cryptoquant emphasizes that sustained growth may depend on increased network activity and broader market recovery. The current divergence in cryptocurrency performance reinforces the mixed sentiment and uncertainty surrounding the crypto market’s future direction.

尽管XRP最初以监管的乐观为基本，但加密素养强调，持续增长可能取决于网络活动的增加和更广泛的市场恢复。当前的加密货币绩效差异加强了加密货币市场未来方向的混合情绪和不确定性。