Market Update: Bitcoin and Ethereum Drop Amidst Liquidations

市场更新：在清算中的比特币和以太坊下降

Bitcoin Declines

比特币下降

At approximately 6 a.m. today (25th), Bitcoin initiated a significant decline. Data indicates that shortly before 8 a.m., it reached a low of $90,850, its lowest value since January 13. At the time of writing, it trades at $92,054, a drop of 4.05% in the past 24 hours.

比特币在今天凌晨6点左右，比特币显着下降。数据表明，上午8点之前，它的低点达到90,850美元，是自1月13日以来的最低价值。在撰写本文时，它的交易价格为92,054美元，在过去24小时内下降了4.05％。

Ethereum Falls Below $2,500

以太坊低于$ 2,500

Potentially influenced by the Bybit hack, Ethereum has exhibited an even sharper downturn. Commencing around 6 a.m., it mirrored Bitcoin's trajectory, dipping below $2,500 and reaching its lowest point since February 3. As of now, it stands at $2,499, experiencing a drop of over 10% in the past 24 hours.

以太坊有可能受到bybit hack的影响，表现出更清晰的衰退。从凌晨6点开始，它反映了比特币的轨迹，至2,500美元以下，并达到2月3日以来的最低点。截至目前，它的价格为2,499美元，在过去24小时内跌幅超过10％。

Mass Liquidations

质量清算

According to Coinglass data, total liquidations across the network in the past 24 hours have reached an astounding $956 million. Notably, long positions accounted for $884.5 million of liquidated value, while short positions liquidated $71.11 million. Over 314,000 traders were liquidated during this period.

根据Coinglass数据，过去24小时内整个网络的总清算量达到了惊人的9.56亿美元。值得注意的是，长期头寸占了8.845亿美元的清算价值，而短职位的销售额为71.11亿美元。在此期间，已清算了314,000多名交易者。

Widespread Declines Among Top 10 Tokens

在十大令牌中的广泛下降

Most major cryptocurrencies have witnessed declines in the past 24 hours, 7 days, and 30 days. Among them, SOL, DOGE, and LINK have suffered the most, plummeting by 44.84%, 40.39%, and 39.89% respectively in the past 30 days. ADA and XRP followed closely behind, with losses of 30.15% and 25.95% respectively over the same period.

在过去的24小时，7天和30天中，大多数主要的加密货币都在下降。其中，过去30天内，Sol，Doge和Link遭受了最大的损失，分别下降了44.84％，40.39％和39.89％。 ADA和XRP紧随其后，同期损失分别为30.15％和25.95％。

Market Sentiment

市场情绪

Of note, alternative data reveals that the Crypto Fear & Greed Index has dropped from a neutral 49 yesterday to an "extreme fear" level of 25 today. While not an infallible indicator, historical patterns suggest that when market sentiment reaches extreme fear, the market may be nearing a short-term bottom.

值得注意的是，替代数据表明，加密恐惧和贪婪指数已从昨天中立的49下降到今天的“极端恐惧”水平。虽然不是无误的指标，但历史模式表明，当市场情绪达到极端恐惧时，市场可能会接近短期的底层。

Disclaimer: This information should not be construed as investment advice or an offer to buy or sell any financial instruments.

免责声明：此信息不应解释为投资建议或购买或出售任何金融工具的要约。