Global Crypto Market Slumps as Bitcoin Sell-Off Casts Pall

比特幣拋售令全球加密貨幣市場陷入低迷

The global digital assets market has plummeted over 5% as Bitcoin (BTC) has experienced a significant sell-off in the past 24 hours. After reaching a record high of $103,800 following the US presidential election, Bitcoin has struggled to sustain six-figure levels, with the crypto market shedding approximately $200 billion overnight.

由於比特幣（BTC）在過去 24 小時內經歷了大幅拋售，全球數位資產市場暴跌超過 5%。在美國總統大選後，比特幣價格創下 103,800 美元的歷史新高，之後一直難以維持六位數的水平，加密貨幣市場一夜之間蒸發了約 2,000 億美元。

This downturn has extended beyond BTC, with smaller cryptocurrencies also experiencing sharp declines of up to 15%, marking one of the steepest intraday losses of the year. Despite this, the fear and greed index still indicates "Extreme Greed," with the cumulative crypto market capitalization standing at $3.46 trillion and a trading volume of $350 billion.

這種低迷已經蔓延到了 BTC 之外，較小的加密貨幣也經歷了高達 15% 的大幅下跌，成為今年最嚴重的盤中跌幅之一。儘管如此，恐懼和貪婪指數仍然顯示“極度貪婪”，累計加密貨幣市值為3.46萬億美元，交易量為3500億美元。

Macroeconomic Concerns Converge with BTC Volatility

宏觀經濟擔憂與比特幣波動交織在一起

Data from Coinglass reveals that over 580,000 traders have been liquidated in the past 24 hours, resulting in a total liquidation value of $1.76 billion. The largest single liquidation position was recorded on Binance, with a value of $19.69 million in ETH/USDT.

Coinglass 的數據顯示，過去 24 小時內已有超過 58 萬名交易者被清算，總清算價值達 17.6 億美元。最大單筆強平部位出現在幣安，價值 1,969 萬美元的 ETH/USDT。

Approximately 90% of the liquidated positions, valued at over $1.6 billion, represented long bets, indicating investors' optimism about the continuation of the bullish trend.

約 90% 的清算部位（價值超過 16 億美元）代表多頭押注，顯示投資者對看漲趨勢持續持樂觀態度。

This market retraction coincides with the upcoming release of US inflation data. Concerns about potential macroeconomic scenarios combined with BTC's recent volatility have created a challenging environment for traders.

此次市場回落適逢美國通膨數據即將發布。對潛在宏觀經濟情景的擔憂加上比特幣近期的波動，為交易者帶來了充滿挑戰的環境。

Bitcoin's Decline Raises Concerns

比特幣下跌引發擔憂

Bitcoin's price has plummeted by over 4%, reaching the lower $95,000 range, triggering panic in the market. Data shows that over $178 million worth of long and short bets have been liquidated in the past 24 hours, with long bets accounting for over $142 million (80%). This suggests that traders were anticipating BTC's continued bullish momentum but were thwarted by the sudden reversal.

比特幣價格暴跌超過4%，跌至95,000美元區間，引發市場恐慌。數據顯示，過去24小時內，價值超過1.78億美元的多頭和空頭投注被清算，其中多頭投注佔比超過1.42億美元（80%）。這表明交易者預計比特幣將繼續看漲勢頭，但因突然逆轉而受挫。

Despite the recent dip, BTC remains up by 120% year-to-date and is trading at an average price of $97,455 at the time of writing, with a 24-hour trading volume of $116.2 billion.

儘管最近有所下跌，但 BTC 今年迄今仍上漲了 120%，截至撰寫本文時，平均價格為 97,455 美元，24 小時交易量為 1,162 億美元。

Trump-Fueled Rally Dwindles

川普推動的集會逐漸減少

Speculation surrounding Donald Trump's pro-crypto agenda after his election victory sparked a surge in the crypto market. However, the notorious volatility of cryptocurrencies has led to rapid selloffs. Trump's stance on crypto has attracted investors, with $10 billion flowing into US spot-Bitcoin ETFs since his election.

唐納德·川普當選後，圍繞其支持加密貨幣議程的猜測引發了加密貨幣市場的飆升。然而，加密貨幣臭名昭著的波動性導致了快速拋售。川普對加密貨幣的立場吸引了投資者，自他當選以來已有 100 億美元流入美國現貨比特幣 ETF。

Ripple's XRP has been among the biggest losers today. After a period of solid gains, XRP's price has dropped by over 10% in the past 24 hours and is down 18% over the past week. At the time of writing, XRP is trading at an average price of $2.24.

Ripple 的 XRP 是今天跌幅最大的貨幣之一。經過一段時間的穩健上漲後，XRP 的價格在過去 24 小時內下跌了 10% 以上，在過去一周下跌了 18%。截至撰寫本文時，XRP 的平均交易價格為 2.24 美元。

Meme tokens such as Dogecoin (DOGE) and smaller assets have fared even worse, potentially indicating broader weakness in the sector. DOGE's price has declined by 6% in the past 24 hours, while SHIB has lost 12%.

狗狗幣 (DOGE) 等 Meme 代幣和較小資產的表現甚至更糟，這可能表明該行業更廣泛的疲軟。 DOGE的價格在過去24小時下跌了6%，而SHIB則下跌了12%。

Critics have expressed concerns about the risks associated with widespread crypto adoption under Trump, including potential market manipulation and regulatory uncertainty.

批評者對川普領導下廣泛採用加密貨幣所帶來的風險表示擔憂，包括潛在的市場操縱和監管不確定性。