Led by Bitcoin (BTC), altcoins experienced a major decline, plunging the cryptocurrency market into turmoil.

在比特币（BTC）的带领下，山寨币经历了重大下降，使加密货币市场陷入了动荡。

According to Coinglass data, liquidations exceeding $2 billion occurred over the past 24 hours, eclipsing those witnessed during the COVID-19 and FTX crises.

根据COINGLASS数据，过去24小时内发生了超过20亿美元的清算，使Covid-19和FTX危机期间见证的清算黯然失色。

Despite the sharp sell-off, investors remain concerned about Bitcoin's potential to fall further. Options data from the cryptocurrency exchange Derive indicates an increasing probability of Bitcoin reaching $75,000 by March 28th.

尽管抛售了敏锐的抛售，但投资者仍然担心比特币有可能进一步下降的潜力。来自加密货币交易所的期权数据表明，到3月28日，比特币达到75,000美元的可能性增加。

Derive analysts attribute this rise in probability to recent tariffs imposed by the US on Canada, Mexico, and China, which could exacerbate inflation and dent sentiment toward the cryptocurrency market.

得出分析师将这种概率的增加归因于美国对加拿大，墨西哥和中国的最新关税，这可能加剧通货膨胀和对加密货币市场的情感。

“Trump's recent tariffs, including a 25% surtax on imports from Mexico and Canada and a 10% surtax on Chinese goods, are likely to increase inflation,” said Derive analysts. “This could undermine investor confidence in cryptocurrency markets. However, we are also seeing a number of active spot ETF applications from major players like Bitwise and Grayscale for assets like Dogecoin (DOGE), Solana (SOL), XRP, and Litecoin (LTC). If the SEC approves these, it will signal more legitimacy for the digital asset sector and trigger more capital inflows, potentially pushing prices higher.”

Derive分析师说：“特朗普最近的关税，包括从墨西哥和加拿大进口的25％的Surtax，以及中国商品的10％Surtax可能会增加通货膨胀。” “这可能会破坏投资者对加密货币市场的信心。但是，我们还看到了来自Bitwise和Grayscale等主要参与者的许多活跃的ETF应用程序，例如Dogecoin（Doge），Solana（Soland）（Sol），XRP和Litecoin（LTC）等资产。如果SEC批准这些，它将标志着数字资产行业的更多合法性，并触发更多的资本流入，并可能提高价格。”

Former BitMEX CEO Arthur Hayes recently predicted that BTC would first drop to around $75,000 before initiating a larger bull run.

Bitmex前首席执行官Arthur Hayes最近预测，BTC在发起更大的公牛之前首先会跌至75,000美元左右。

Caution: This information does not constitute investment advice.

注意：此信息不构成投资建议。