Crypto Market Plunges with Record Liquidations

加密市場以創紀錄的清算

Sell-Offs Trigger Massive Liquidations

拋售引發大規模清算

The crypto market is witnessing another significant sell-off, resulting in an unprecedented surge in liquidations. As of writing, total liquidations have soared to $849 million, coinciding with a 6.65% decline in the market cap of digital currencies to $3.37 trillion.

加密貨幣市場正在目睹另一個重大的拋售，導致清算的前所未有。截至寫作時，總清算已經飆升至8.49億美元，與數字貨幣市值下降了6.65％，至3.37萬億美元。

Breakdown of Crypto Liquidations

加密清算的故障

Bitcoin (BTC) bears the primary responsibility for the sell-offs. At press time, BTC has retreated by 5.81%, triggering a $259.21 million liquidation in 24 hours. Long traders have faced the brunt of the impact, losing $247.48 million overnight.

比特幣（BTC）對拋售負有主要責任。截至發稿，BTC已回落5.81%，24小時內引發2.5921億美元清算。多頭交易者首當其衝，一夜之間損失了 2.4748 億美元。

Altcoins have not escaped the sell-offs, with Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE) taking center stage. ETH has seen liquidations totaling $109.79 million, while SOL, XRP, and DOGE recorded $38.02 million, $33.29 million, and $24.38 million, respectively.

AltCoins並未逃脫出拋售，以太坊（ETH），Solana（Sol），XRP和Dogecoin（Doge）佔據了中心地位。 ETH的清算總額為1.0979億美元，而Sol，XRP和Doge的記錄分別為3802萬美元，3,329萬美元和2438萬美元。

Market Recovery Hinges on Bitcoin

市場恢復取決於比特幣

As the market seeks recovery, all eyes remain on Bitcoin and the $100,000 resistance level. If bulls manage to reclaim this level, it could rekindle optimism for a new high.

隨著市場尋求復甦，所有人的目光都集中在比特幣和 10 萬美元的阻力位上。如果多頭設法恢復這一水平，可能會重新點燃樂觀情緒，創造出新高。

Growth Catalyst for Bitcoin

比特幣的生長催化劑

Despite bearish projections, Bitcoin remains the benchmark for the industry. Its network fundamentals and demand sources continue to serve as a solid foundation for long-term growth. Post-halving, the daily average demand from the spot Bitcoin ETF market has significantly outpaced BTC emissions, creating an imbalance that proponents like Samson Mow believe will drive Bitcoin's price parabolic.

儘管預測悲觀，但比特幣仍然是該行業的基準。其網路基礎和需求來源持續為長期成長奠定堅實的基礎。減半後，現貨比特幣 ETF 市場的每日平均需求明顯超過了 BTC 的排放量，造成了一種不平衡，Samson Mow 等支持者認為這將推動比特幣價格呈拋物線式上漲。