Market Update: Bitcoin and Ethereum Drop Amidst Liquidations

市場更新：在清算中的比特幣和以太坊下降

Bitcoin Declines

比特幣下降

At approximately 6 a.m. today (25th), Bitcoin initiated a significant decline. Data indicates that shortly before 8 a.m., it reached a low of $90,850, its lowest value since January 13. At the time of writing, it trades at $92,054, a drop of 4.05% in the past 24 hours.

比特幣在今天凌晨6點左右，比特幣顯著下降。數據表明，上午8點之前，它的低點達到90,850美元，是自1月13日以來的最低價值。在撰寫本文時，它的交易價格為92,054美元，在過去24小時內下降了4.05％。

Ethereum Falls Below $2,500

以太坊低於$ 2,500

Potentially influenced by the Bybit hack, Ethereum has exhibited an even sharper downturn. Commencing around 6 a.m., it mirrored Bitcoin's trajectory, dipping below $2,500 and reaching its lowest point since February 3. As of now, it stands at $2,499, experiencing a drop of over 10% in the past 24 hours.

以太坊有可能受到bybit hack的影響，表現出更清晰的衰退。從凌晨6點開始，它反映了比特幣的軌跡，至2,500美元以下，並達到2月3日以來的最低點。截至目前，它的價格為2,499美元，在過去24小時內跌幅超過10％。

Mass Liquidations

質量清算

According to Coinglass data, total liquidations across the network in the past 24 hours have reached an astounding $956 million. Notably, long positions accounted for $884.5 million of liquidated value, while short positions liquidated $71.11 million. Over 314,000 traders were liquidated during this period.

根據Coinglass數據，過去24小時內整個網絡的總清算量達到了驚人的9.56億美元。值得注意的是，長期頭寸佔了8.845億美元的清算價值，而短職位的銷售額為71.11億美元。在此期間，已清算了314,000多名交易者。

Widespread Declines Among Top 10 Tokens

在十大令牌中的廣泛下降

Most major cryptocurrencies have witnessed declines in the past 24 hours, 7 days, and 30 days. Among them, SOL, DOGE, and LINK have suffered the most, plummeting by 44.84%, 40.39%, and 39.89% respectively in the past 30 days. ADA and XRP followed closely behind, with losses of 30.15% and 25.95% respectively over the same period.

在過去的24小時，7天和30天中，大多數主要的加密貨幣都在下降。其中，過去30天內，Sol，Doge和Link遭受了最大的損失，分別下降了44.84％，40.39％和39.89％。 ADA和XRP緊隨其後，同期損失分別為30.15％和25.95％。

Market Sentiment

市場情緒

Of note, alternative data reveals that the Crypto Fear & Greed Index has dropped from a neutral 49 yesterday to an "extreme fear" level of 25 today. While not an infallible indicator, historical patterns suggest that when market sentiment reaches extreme fear, the market may be nearing a short-term bottom.

值得注意的是，替代數據表明，加密恐懼和貪婪指數已從昨天中立的49下降到今天的“極端恐懼”水平。雖然不是無誤的指標，但歷史模式表明，當市場情緒達到極端恐懼時，市場可能會接近短期的底層。

Disclaimer: This information should not be construed as investment advice or an offer to buy or sell any financial instruments.

免責聲明：此信息不應解釋為投資建議或購買或出售任何金融工具的要約。