Crypto Market Plunges with Record Liquidations

加密市场以创纪录的清算

Sell-Offs Trigger Massive Liquidations

抛售触发大规模清算

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.

加密货币市场正在目睹另一个重大的抛售，导致清算的前所未有。截至写作时，总清算已经飙升至8.49亿美元，与数字货币市值下降了6.65％，至3.37万亿美元。

Breakdown of Crypto Liquidations

加密货币清算明细

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.

比特币（BTC）承担抛售的主要责任。发稿时，BTC撤退了5.81％，在24小时内触发了2.5921亿美元的清算。长期交易者首当其冲，一夜之间损失了2.4748亿美元。

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并未逃脱出抛售，以太坊（ETH），Solana（Sol），XRP和Dogecoin（Doge）占据了中心地位。 ETH的清算总额为1.0979亿美元，而Sol，XRP和Doge的记录分别为3802万美元，3,329万美元和2438万美元。

Market Recovery Hinges on Bitcoin

市场恢复取决于比特币

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.

随着市场寻求恢复，所有人的目光都关注比特币和100,000美元的阻力水平。如果公牛设法恢复了这一水平，它可能会对新的高位进行乐观态度。

Growth Catalyst for Bitcoin

比特币的增长催化剂

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.

尽管预测悲观，但比特币仍然是该行业的基准。其网络基础和需求来源继续为长期增长奠定坚实的基础。减半后，现货比特币 ETF 市场的日平均需求明显超过了 BTC 的排放量，造成了一种不平衡，Samson Mow 等支持者认为这将推动比特币价格呈抛物线式上涨。