更广泛的数字货币生态系统的波动率达到顶峰，对以太坊（ETH）产生了明显影响

更广泛的数字货币生态系统的波动率达到顶峰，对以太坊（ETH）产生了明显影响。今年，以太坊的价格首次下跌了2,000美元，因为Bear Action设定了一个新的看跌里程碑。

The cryptocurrency market has been highly volatile in recent times, with several factors contributing to the price swings. As a result, some cryptocurrencies have sustained more significant selloffs than others.

加密货币市场近来一直非常波动，有几个因素导致了价格波动。结果，一些加密货币的抛售比其他货币更为重大。

Bitcoin (BTC) and Ethereum (ETH) have both seen significant price drops in recent weeks, as has Solana (SOL), which is among the top liquidated altcoins.

比特币（BTC）和以太坊（ETH）最近几周都看到了大幅下降的价格，Solana（Sol）也是最高的销售山寨币之一。

Cryptocurrency Prices Today, February 14

今天2月14日的加密货币价格

BTC price today is $78,220, down by 5.92% in 24 hours. The sixth largest cryptocurrency, Cardano (ADA), saw the most significant price selloff in 24 hours, with a price decline of 6.18%.

今天的BTC价格为78,220美元，在24小时内下降了5.92％。第六大加密货币Cardano（ADA）的价格在24小时内最为重要，价格下降了6.18％。

Among the top cryptocurrencies, Solana had the highest 24-hour volume, with $34 million liquidated from traders.

在顶级加密货币中，Solana的数量最高24小时，从交易者清算了3400万美元。

At the time of writing, the price of ETH is $1,901.36, down 5.45%. The second-largest cryptocurrency is trading below the $2,000 level, a bearish milestone.

在撰写本文时，ETH的价格为1,901.36美元，下跌了5.45％。第二大加密货币的交易低于2,000美元，这是看跌的里程碑。

The volatility in the broader digital currency ecosystem is at its peak, with a visible impact on Ethereum. For the first time this year, the price of ETH dropped below $2,000.

更广泛的数字货币生态系统的波动率达到了顶峰，对以太坊的影响很大。 ETH的价格首次下跌低于2,000美元。

However, the volatility impacts Bitcoin and other cryptocurrencies, such as SOL and XRP. Since December 14, the price of ETH has dropped by about 50% as the market sheds $1.2 trillion.

但是，波动率会影响比特币和其他加密货币，例如SOL和XRP。自12月14日以来，ETH的价格下跌了约50％，因为市场筹集了1.2万亿美元。

There are several layers to this selloff, with the Donald Trump-influenced economic uncertainty being the most discussed.

这种抛售有几层，受唐纳德·特朗普影响的经济不确定性最多。

The crypto market is known for its volatility, and this can be a significant factor in the liquidation of traders’ positions. When the market moves rapidly in one direction, it can trigger margin calls from exchanges, leading to the forced closure of trades.

加密市场以其波动性而闻名，这可能是交易员立场清算的重要因素。当市场迅速朝一个方向发展时，它可能会触发交流的保证金电话，从而导致交易的强迫关闭。

This liquidation activity can amplify the price moves even further, creating a vicious cycle that spins out of control. In the past 24 hours, over 268,000 traders have been liquidated from their positions, with total assets liquidated amounting to $828 million.

这种清算活动可以扩大价格的进一步发展，从而产生一个恶性循环，从而失控。在过去的24小时内，已从其职位上清算了268,000多名交易者，总资产总额为8.28亿美元。

Of the total assets, ETH liquidation in 24 hours is $197.18 million. While long liquidations top $157 million, short traders account for $39.82 at the time of writing.

在总资产中，24小时内的ETH清算为1718万美元。虽然漫长的清算额最高1.57亿美元，但短交易者在撰写本文时占39.82美元。

Why Is The Crypto Market Falling?

为什么加密市场下降？

According to The Kobeissi Letter analysis, crypto and the S&P 500 have lost $5.5 trillion in the last 2 months. Kobeissi partly attributed the selloff to the February 1, 2025, trade war.

根据Kobeissi信函分析，在过去两个月中，加密货币和500指数损失了5.5万亿美元。 Kobeissi部分将抛售归因于2025年2月1日，贸易战。

However, the market has been anticipating this trade war since mid-June 2024 during the US Presidential campaigns. Before the tariff hike threats, most stock indices, like the S&P 500, recorded new highs.

但是，自2024年6月中旬以来，在美国总统竞选期间，市场一直在预测这场贸易战。在关税加息威胁之前，大多数库存指数（如标准普尔500指数）录制了新的高点。

The report noted that the real culprit behind the market selloff is the shift in risk appetite. In a matter of days, the market has moved from extreme greed to extreme fear.

该报告指出，市场抛售背后的真正罪魁祸首是风险食欲的转变。在几天之内，市场从极端贪婪转变为极端恐惧。

There is a precedent to this selloff. The percentage of capital in the Magnificent 7 has recently dropped significantly. This trend trickled down into the crypto market.

这种抛售有先例。宏伟7中资本的百分比最近显着下降。这种趋势流入加密市场。

As of February 9, the institutional build-up into short Ethereum positions attained its largest level in history. Unfortunately, it coincided with the embrace of BTC and altcoins in hopes of a crypto strategic reserve.

截至2月9日，机构的建立成长为简短的以太坊职位，达到了其历史上最大的水平。不幸的是，它与BTC和AltCoins的拥抱相吻合，希望有加密战略储备。

With the relative disappointment in the strategic reserve play, investors have to exit key market positions picked earlier.

由于在战略预备役中相对失望，投资者必须退出前面选择的主要市场地位。

At the moment, the sentiment in the crypto industry cautions risk-averse investors. With more than $3.5 billion in outflows over the past week, bears in the market are likely getting exhausted.

目前，加密货币行业的情绪要求规避风险的投资者。在过去的一周中，市场上有超过35亿美元的流出，市场上的熊很可能会耗尽。

Crypto Market’s Strategic Play for 2025

加密市场的2025年战略戏剧

According to The Kobeissi Letter, there is an incoming shift in positioning overall. The publication noted that investors who get ahead of these shifts will be the biggest winners this year.

根据Kobeissi的信，总体定位发生了转变。该出版物指出，超越这些转变的投资者将是今年最大的赢家。

It noted that bullish swings are bound to broaden since the Volatility Index has surged by over 70% in the past 30 days.

它指出，看涨的挥杆势必会扩大，因为在过去30天内的波动性指数飙升了70％以上。

As Kobeissi noted, the Dow Jones will likely experience at least a 1,000-point surge moving forward. Considering the correlation with crypto, Bitcoin and Ethereum prices may also see an increased rally.

正如Kobeissi所指出的那样，道琼斯琼斯可能会至少经历1,000分的涌入。考虑到与加密货币，比特币和以太坊价格的相关性也可能会增加集会。