Global Crypto Market Slumps as Bitcoin Sell-Off Casts Pall

比特币抛售令全球加密货币市场陷入低迷

The global digital assets market has plummeted over 5% as Bitcoin (BTC) has experienced a significant sell-off in the past 24 hours. After reaching a record high of $103,800 following the US presidential election, Bitcoin has struggled to sustain six-figure levels, with the crypto market shedding approximately $200 billion overnight.

由于比特币（BTC）在过去 24 小时内经历了大幅抛售，全球数字资产市场暴跌超过 5%。在美国总统大选后，比特币价格创下 103,800 美元的历史新高，之后一直难以维持六位数的水平，加密货币市场一夜之间蒸发了约 2000 亿美元。

This downturn has extended beyond BTC, with smaller cryptocurrencies also experiencing sharp declines of up to 15%, marking one of the steepest intraday losses of the year. Despite this, the fear and greed index still indicates "Extreme Greed," with the cumulative crypto market capitalization standing at $3.46 trillion and a trading volume of $350 billion.

这种低迷已经蔓延到了 BTC 之外，较小的加密货币也经历了高达 15% 的大幅下跌，成为今年最严重的盘中跌幅之一。尽管如此，恐惧和贪婪指数仍然显示“极度贪婪”，累计加密货币市值为3.46万亿美元，交易量为3500亿美元。

Macroeconomic Concerns Converge with BTC Volatility

宏观经济担忧与比特币波动交织在一起

Data from Coinglass reveals that over 580,000 traders have been liquidated in the past 24 hours, resulting in a total liquidation value of $1.76 billion. The largest single liquidation position was recorded on Binance, with a value of $19.69 million in ETH/USDT.

Coinglass 的数据显示，过去 24 小时内已有超过 58 万交易者被清算，总清算价值达 17.6 亿美元。最大单笔强平头寸出现在币安，价值 1969 万美元的 ETH/USDT。

Approximately 90% of the liquidated positions, valued at over $1.6 billion, represented long bets, indicating investors' optimism about the continuation of the bullish trend.

大约 90% 的清算头寸（价值超过 16 亿美元）代表多头押注，表明投资者对看涨趋势持续持乐观态度。

This market retraction coincides with the upcoming release of US inflation data. Concerns about potential macroeconomic scenarios combined with BTC's recent volatility have created a challenging environment for traders.

此次市场回落恰逢美国通胀数据即将发布。对潜在宏观经济情景的担忧加上比特币近期的波动，给交易者带来了充满挑战的环境。

Bitcoin's Decline Raises Concerns

比特币下跌引发担忧

Bitcoin's price has plummeted by over 4%, reaching the lower $95,000 range, triggering panic in the market. Data shows that over $178 million worth of long and short bets have been liquidated in the past 24 hours, with long bets accounting for over $142 million (80%). This suggests that traders were anticipating BTC's continued bullish momentum but were thwarted by the sudden reversal.

比特币价格暴跌超过4%，跌至95,000美元区间，引发市场恐慌。数据显示，过去24小时内，价值超过1.78亿美元的多头和空头投注被清算，其中多头投注占比超过1.42亿美元（80%）。这表明交易者预计比特币将继续看涨势头，但因突然逆转而受挫。

Despite the recent dip, BTC remains up by 120% year-to-date and is trading at an average price of $97,455 at the time of writing, with a 24-hour trading volume of $116.2 billion.

尽管最近有所下跌，但 BTC 今年迄今仍上涨了 120%，截至撰写本文时，其平均价格为 97,455 美元，24 小时交易量为 1,162 亿美元。

Trump-Fueled Rally Dwindles

特朗普推动的集会逐渐减少

Speculation surrounding Donald Trump's pro-crypto agenda after his election victory sparked a surge in the crypto market. However, the notorious volatility of cryptocurrencies has led to rapid selloffs. Trump's stance on crypto has attracted investors, with $10 billion flowing into US spot-Bitcoin ETFs since his election.

唐纳德·特朗普当选后，围绕其支持加密货币议程的猜测引发了加密货币市场的飙升。然而，加密货币臭名昭著的波动性导致了快速抛售。特朗普对加密货币的立场吸引了投资者，自他当选以来已有 100 亿美元流入美国现货比特币 ETF。

Ripple's XRP has been among the biggest losers today. After a period of solid gains, XRP's price has dropped by over 10% in the past 24 hours and is down 18% over the past week. At the time of writing, XRP is trading at an average price of $2.24.

Ripple 的 XRP 是今天跌幅最大的货币之一。经过一段时间的稳健上涨后，XRP 的价格在过去 24 小时内下跌了 10% 以上，在过去一周下跌了 18%。截至撰写本文时，XRP 的平均交易价格为 2.24 美元。

Meme tokens such as Dogecoin (DOGE) and smaller assets have fared even worse, potentially indicating broader weakness in the sector. DOGE's price has declined by 6% in the past 24 hours, while SHIB has lost 12%.

狗狗币 (DOGE) 等 Meme 代币和较小资产的表现甚至更糟，这可能表明该行业更广泛的疲软。 DOGE的价格在过去24小时内下跌了6%，而SHIB则下跌了12%。

Critics have expressed concerns about the risks associated with widespread crypto adoption under Trump, including potential market manipulation and regulatory uncertainty.

批评者对特朗普领导下广泛采用加密货币所带来的风险表示担忧，包括潜在的市场操纵和监管不确定性。