Traders had previously warned of a bearish market reaction to the impending Mt. Gox bitcoin repayments.

交易员此前曾警告称，市场将对 Mt. Gox 即将偿还的比特币做出悲观反应。

Major Liquidations and Market Downturn

重大清算和市场低迷

Bullish trades on bitcoin (BTC) and ether (ETH) resulted in over $380 million in losses, with the largest single liquidation order on Binance—a $18.4 million ETH trade. The overall market saw liquidations surpassing $580 million, driven by long positions being forcefully closed.

比特币 (BTC) 和以太坊 (ETH) 的看涨交易导致超过 3.8 亿美元的损失，其中币安最大的单笔清算订单为 1,840 万美元的 ETH 交易。由于多头头寸被强制平仓，整个市场的清算金额超过 5.8 亿美元。

Sharp Declines Across Major Cryptocurrencies

主要加密货币急剧下跌

In the past 24 hours, crypto majors plunged as much as 20%, triggered by movements from a Mt. Gox-linked wallet during early Asian trading hours. This panic led to an average market drop of 10%. Bitcoin (BTC) fell 8%, briefly dipping below $54,000 before a slight recovery, erasing all gains since February. Ether (ETH) dropped over 10%, Solana’s SOL and Cardano’s ADA each fell 8%, and Dogecoin (DOGE) plummeted nearly 18%.

在过去 24 小时内，受 Mt. Gox 关联钱包在亚洲早盘交易时段的波动影响，主要加密货币暴跌高达 20%。这种恐慌导致市场平均下跌 10%。比特币 (BTC) 下跌 8%，短暂跌破 54,000 美元，然后小幅回升，抹去了 2 月份以来的所有涨幅。以太币 (ETH) 下跌超过 10%，Solana 的 SOL 和卡尔达诺的 ADA 均下跌 8%，狗狗币 (DOGE) 暴跌近 18%。

Impact on Open Interest and Market Sentiment

对未平仓合约和市场情绪的影响

Coinalyze data revealed that open interest, or the number of unsettled futures bets, decreased by 12%, indicating a significant outflow of money from the market. This decline in open interest reflects the heightened uncertainty and fear among traders.

Coinalyze 数据显示，未平仓合约或未结算的期货押注数量下降了 12%，表明资金大量流出市场。未平仓合约的下降反映出交易者的不确定性和恐惧感加剧。

Reasons Behind the Market Turmoil

市场动荡背后的原因

The sudden market downturn was primarily caused by large movements of BTC to a new wallet by the now-defunct exchange Mt. Gox. These movements were interpreted as preparations for creditor repayments, scheduled to begin this month. The repayments, which include bitcoin and bitcoin cash, have the potential to add substantial selling pressure to the market.

市场突然低迷主要是由于现已解散的交易所 Mt. Gox 将 BTC 大量转移到新钱包造成的。这些举措被解读为计划于本月开始的债权人偿还准备工作。包括比特币和比特币现金在内的还款可能会给市场带来巨大的抛售压力。

Market Outlook and Predictions

市场展望与预测

QCP Capital, in a Thursday broadcast on Telegram, projected a challenging third quarter for BTC due to the uncertainty surrounding the Mt. Gox release. They stated, “We anticipate a subdued Q3 for BTC as the market remains uncertain around the supply from the Mt. Gox release.”

QCP Capital 在周四的 Telegram 广播中预计，由于 Mt. Gox 发布的不确定性，比特币第三季度将面临挑战。他们表示，“我们预计 BTC 第三季度将表现疲弱，因为市场对 Mt.Gox 发布的供应仍不确定。”

Conclusion

结论

The crypto market experienced significant losses, with traders and investors reacting to the looming Mt. Gox bitcoin repayments. As the market grapples with this uncertainty, the outlook for the coming months remains cautious, with the potential for further volatility and bearish trends.

加密货币市场经历了重大损失，交易者和投资者对即将到来的 Mt. Gox 比特币还款做出了反应。随着市场努力应对这种不确定性，未来几个月的前景仍然谨慎，可能会出现进一步的波动和看跌趋势。