一月份的爆发在Memecoins中的大规模投机泡沫

就其本身而言，过去几周中普通加密货币市场抛售似乎是足够的理由。

The January bursting of a massive speculative bubble in memecoins by itself seemed good enough reason for the general crypto market selloff of the past several weeks.

一月份在Memecoin中爆发了大规模投机泡沫本身似乎是足够的理由，使过去几周的加密货币市场抛售了。

The declines sped up in a big way this week, though, in part thanks to growing risk-off sentiment in the previously perky stock market.

不过，本周的下降大幅度加剧了，部分原因是以前活泼的股票市场的风险不断增长。

Down more than 2% about 45 minutes before the close of trade on Thursday, the Nasdaq is now lower by roughly 7% over the past handful of sessions. Today's losses are being led by the chipmakers following Nvidia's (NVDA) fourth quarter earnings report last night. NVDA is lower by 5%.

在周四交易结束前约45分钟下，纳斯达克人现在下降了2％以上，现在在过去的几次会议上下降了约7％。昨晚NVIDIA（NVDA）第四季度收益报告后，今天的损失是由芯片制造商带领的。 NVDA较低5％。

The selloff in stocks came as many of the leading names were selling at lofty valuations after what seemed like months worth of unchecked gains. Toss into the mix President Trump's continual tariff threats — the latest being punitive levies against Mexico, Canada, and China to begin on Tuesday — and the stage was set for the current correction.

股票的抛售是出现的，因为似乎几个月的未经检查的收益似乎都以巨大的估值出售。将特朗普总统持续的关税威胁陷入混音 - 最新的是对墨西哥，加拿大和中国的惩罚性征税，并于周二开始 - 阶段是为了进行目前的纠正。

"Maximum caution is warranted in risk assets," said Quinn Thompson, founder of hedge fund Lekker Capital. "Inflation data is coming in way too hot for the Fed to cut rates in the near-term, long-term inflation expectations are unanchoring to the upside (big red flag) and now U.S. economic data is looking like the 'Trump bump' was a dead cat bounce."

对冲基金Lekker Capital的创始人Quinn Thompson说：“风险资产的最大谨慎是必要的。” “通货膨胀数据变得太热了，对于美联储在近期降低费率，长期通货膨胀期望是无法实现的（大危险信号），现在美国的经济数据看起来像是'trump bump'是一只死猫的反弹。”

On crypto specifically, there's no suger-coating from Thompson: "Every possible good news item imaginable has come and gone without much upward pressure on price," he said. "Investors have forgotten that bear markets are possible and what they look like." He's targeting the $70,000s for bitcoin by the end of March.

特别是在加密货币上，汤普森没有任何suge涂：“可以想象到的所有可能的好消息都在没有太大的价格压力的情况下消失了，”他说。 “投资者已经忘记了熊市是可能的，以及它们的外观。”到3月底，他的目标是比特币的70,000美元。