Traders had previously warned of a bearish market reaction to the impending Mt. Gox bitcoin repayments.

交易員此前曾警告稱，市場將對 Mt. Gox 即將償還的比特幣做出悲觀反應。

Major Liquidations and Market Downturn

重大清算和市場低迷

Bullish trades on bitcoin (BTC) and ether (ETH) resulted in over $380 million in losses, with the largest single liquidation order on Binance—a $18.4 million ETH trade. The overall market saw liquidations surpassing $580 million, driven by long positions being forcefully closed.

比特幣 (BTC) 和以太坊 (ETH) 的看漲交易導致超過 3.8 億美元的損失，其中幣安最大的單筆清算訂單為 1,840 萬美元的 ETH 交易。由於多頭部位被強制平倉，整個市場的清算金額超過 5.8 億美元。

Sharp Declines Across Major Cryptocurrencies

主要加密貨幣急劇下跌

In the past 24 hours, crypto majors plunged as much as 20%, triggered by movements from a Mt. Gox-linked wallet during early Asian trading hours. This panic led to an average market drop of 10%. Bitcoin (BTC) fell 8%, briefly dipping below $54,000 before a slight recovery, erasing all gains since February. Ether (ETH) dropped over 10%, Solana’s SOL and Cardano’s ADA each fell 8%, and Dogecoin (DOGE) plummeted nearly 18%.

在過去 24 小時內，受 Mt. Gox 關聯錢包在亞洲早盤交易時段的波動影響，主要加密貨幣暴跌高達 20%。這種恐慌導致市場平均下跌 10%。比特幣 (BTC) 下跌 8%，短暫跌破 54,000 美元，然後小幅回升，抹去了 2 月以來的所有漲幅。以太幣 (ETH) 下跌超過 10%，Solana 的 SOL 和卡爾達諾的 ADA 均下跌 8%，狗狗幣 (DOGE) 暴跌近 18%。

Impact on Open Interest and Market Sentiment

對未平倉合約和市場情緒的影響

Coinalyze data revealed that open interest, or the number of unsettled futures bets, decreased by 12%, indicating a significant outflow of money from the market. This decline in open interest reflects the heightened uncertainty and fear among traders.

Coinalyze 數據顯示，未平倉合約或未結算的期貨押注數量下降了 12%，顯示資金大量流出市場。未平倉合約的下降反映出交易者的不確定性和恐懼感加劇。

Reasons Behind the Market Turmoil

市場動盪背後的原因

The sudden market downturn was primarily caused by large movements of BTC to a new wallet by the now-defunct exchange Mt. Gox. These movements were interpreted as preparations for creditor repayments, scheduled to begin this month. The repayments, which include bitcoin and bitcoin cash, have the potential to add substantial selling pressure to the market.

市場突然低迷主要是由於現已解散的交易所 Mt. Gox 將 BTC 大量轉移到新錢包造成的。這些舉措被解讀為計劃於本月開始的債權人償還準備工作。包括比特幣和比特幣現金在內的還款可能會對市場造成巨大的拋售壓力。

Market Outlook and Predictions

市場展望與預測

QCP Capital, in a Thursday broadcast on Telegram, projected a challenging third quarter for BTC due to the uncertainty surrounding the Mt. Gox release. They stated, “We anticipate a subdued Q3 for BTC as the market remains uncertain around the supply from the Mt. Gox release.”

QCP Capital 在周四的 Telegram 廣播中預計，由於 Mt. Gox 發布的不確定性，比特幣第三季將面臨挑戰。他們表示，“我們預計 BTC 第三季將表現疲軟，因為市場對 Mt.Gox 發布的供應仍不確定。”

Conclusion

結論

The crypto market experienced significant losses, with traders and investors reacting to the looming Mt. Gox bitcoin repayments. As the market grapples with this uncertainty, the outlook for the coming months remains cautious, with the potential for further volatility and bearish trends.

加密貨幣市場經歷了重大損失，交易者和投資者對即將到來的 Mt. Gox 比特幣還款做出了反應。隨著市場努力應對這種不確定性，未來幾個月的前景仍然謹慎，可能會出現進一步的波動和看跌趨勢。