Cryptocurrency Market Slumps: Understanding the Recent Liquidation Event

加密貨幣市場暴跌：了解最近的清算事件

The global cryptocurrency market is facing a significant downturn, with a trend of increasing liquidations threatening Bitcoin and altcoins.

全球加密貨幣市場正面臨嚴重低迷，清算增加的趨勢威脅著比特幣和山寨幣。

Bitcoin Price Pressure

比特幣價格壓力

At the time of writing, Bitcoin's price has dropped to $54,541, down from $57,031 yesterday. Over the past four days, the value has plummeted from $62,829, marking an 11.5% decline this week. On June 29, it stood at $60,920.

截至撰寫本文時，比特幣的價格已從昨天的 57,031 美元跌至 54,541 美元。在過去四天裡，其價值從 62,829 美元暴跌，本週下跌 11.5%。 6 月 29 日，其價格為 60,920 美元。

Ethereum Price Plummets

以太坊價格暴跌

Ethereum has also experienced a steep decline, with a 16.3% drop this week. On July 2, it was valued at approximately $3,417, but has since fallen to $2,868.8.

以太坊也經歷了大幅下跌，本週跌幅為 16.3%。 7 月 2 日，其估值約為 3,417 美元，但此後已跌至 2,868.8 美元。

Liquidation Surge

清算激增

The sharp price decreases have fueled a surge in liquidations. Reports indicate that over 221,704 traders liquidated their positions in the past 24 hours. Ethereum liquidations reportedly surpassed those of Bitcoin, reaching $44.5 million in the past hour and $107 million over the past 24 hours.

價格急劇下跌導致清算激增。報告顯示，過去 24 小時內有超過 221,704 名交易者平倉。據報道，以太坊清算量超過了比特幣，在過去 1 小時內達到 4,450 萬美元，在過去 24 小時內達到 1.07 億美元。

Possible Causes

可能的原因

The exact reason for the sudden price drop in ETH is still unclear. However, some experts, like Antony Sassano, suggest that it's related to the Grayscale ETHE Fund. They posit that the fund, which invests in Ethereum, has become more expensive than the actual ETH, potentially causing uncertainty among investors.

ETH 價格突然下跌的確切原因尚不清楚。然而，安東尼·薩薩諾 (Antony Sassano) 等一些專家認為，這與灰階 ETHE 基金有關。他們認為，投資以太坊的基金已經變得比實際的 ETH 更貴，可能會給投資者帶來不確定性。

Memecoin Sector Woes

Memecoin 產業困境

The downturn has also affected the memecoin sector. Top memecoins like Dogecoin, Shiba Inu, and Pepe have lost between 17% and 25% in the past 24 hours.

經濟低迷也影響了迷因幣產業。 Dogecoin、Shiba Inu 和 Pepe 等頂級 memecoin 在過去 24 小時內下跌了 17% 至 25%。

Market Sentiment

市場情緒

The current market situation favors sellers. The release of the Ethereum Spot ETF is imminent, but it remains to be seen whether it will spark a market rebound.

目前的市場狀況對賣家有利。以太坊現貨ETF發行在即，但能否引發市場反彈仍有待觀察。

Stay tuned for further updates on the crypto market crash.

請繼續關注加密貨幣市場崩潰的進一步更新。