Bitcoin, Ethereum, Dogecoin Tank As Over-Heated Longs Get Wiped Out: Analyst Says Take A Stock Of This Before Turning Optimistic On King Crypto
Bitcoin, Ethereum, Dogecoin Tank As Over-Heated Longs Get Wiped Out: Analyst Says Take A Stock Of This Before Turning Optimistic On King Crypto
Over $207 million was liquidated from the market in the last 4 hours, taking the 24-hour liquidations to $315 million.The cryptocurrency market dramatically plunged Tuesday evening, triggering a sharp wave of liquidations.
周二晚间，加密货币市场急剧暴跌，引发了一波急剧的清算浪潮。
| Cryptocurrency | Gains +/- | Price (Recorded 8:30 p.m. EDT) |
| Bitcoin (CRYPTO: BTC) | -5.79% | $59,378.14 |
|
Ethereum (CRYPTO: ETH) |
-8.93% | $2,451.88 |
| Dogecoin (CRYPTO: DOGE) | -6.90% | $0.09873 |
| 加密货币 | 收益 +/- | 价格（美国东部时间晚上 8:30 录制） |
| 比特币（加密货币：BTC） | -5.79% | 59,378.14 美元 |
| 以太坊（加密货币：ETH） |
-8.93% | 2,451.88 美元 |
| 狗狗币（加密货币：DOGE） | -6.90% | 0.09873 美元 |
What Happened: Bitcoin tanked below $59,000, marking its lowest level since Aug. 19. The plunge followed King Crypto's move past $63,000 earlier in the day.
发生了什么：比特币跌破59,000美元，创下8月19日以来的最低水平。暴跌是在King Crypto当天早些时候突破63,000美元之后发生的。
Ethereum witnessed a steeper decline, plummeting to an intraday low of $2,400—a level last seen nearly three weeks ago.
以太坊跌幅更大，盘中跌至2400美元的低点，这是近三周前最后一次出现的水平。
Over $207 million was liquidated from the market in the last 4 hours, taking the 24-hour liquidations to $315 million.
在过去的4小时内，市场清算了超过2.07亿美元，使24小时清算额达到3.15亿美元。
Nearly $283 million in leveraged longs was wiped out, the highest since the Aug. 5 market rout.
近2.83亿美元的杠杆多头被消灭，这是自8月5日市场暴跌以来的最高水平。
Bitcoin's Open Interest tumbled 7.68% in the last 24 hours, further reflecting the large-scale liquidation of longs.
比特币的未平仓合约在过去24小时内下跌了7.68％，进一步反映了多头的大规模清算。
The Cryptocurrency Fear & Greed Index flashed "Fear" as of this writing, implying substantial selling pressure.
在撰写本文时，加密货币恐惧与贪婪指数闪现 “恐惧”，这意味着巨大的抛售压力。
Top Gainers (24-Hours)
涨幅最大的股票（24 小时）
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. EDT) |
| Toncoin (TON) | +2.03% | $5.38 |
| Tether Gold (XAUt) | +0.29% | $2.520.85 |
| UNUS SEO LEO (SEI) | +0.08% | $5.84 |
| 加密货币 | 收益 +/- | 价格（美国东部时间晚上 8:30 记录） |
| Toncoin (吨) | +2.03% | 5.38 美元 |
| 系绳金 (xAUT) | +0.29% | 2.520.85 美元 |
| UNUS SEO LEO (SEI) | +0.08% | 5.84 美元 |
The global cryptocurrency market stood at $2.07 trillion, collapsing 5.93% in the last 24 hours.
全球加密货币市场为2.07万亿美元，在过去24小时内下跌了5.93％。
In contrast, stocks closed higher Tuesday. The broad-based index, S&P 500, gained 8.96 points, or 0.16%, to end at 5,625.80. The tech-heavy Nasdaq Composite added 0.16% to close at 17,754.82. The Dow Jones Industrial Average rose 0.02% to finish at 17,754.82, its second consecutive record close.
相比之下，周二股市收高。基础广泛的指数标准普尔500指数上涨8.96点，涨幅0.16％，收于5,625.80点。以科技股为主的纳斯达克综合指数上涨0.16％，收于17,754.82。道琼斯工业平均指数上涨0.02％，收于17,754.82点，这是连续第二年创纪录的收盘价。
The rally came ahead of the hotly-anticipated second-quarter earnings of AI behemoth NVIDIA Corp. (NASDAQ:NVDA), which has served as a barometer for all things tech and AI this year. Shares of Nvidia closed 1.46% higher on Tuesday.
涨势是在人工智能巨头NVIDIA公司（纳斯达克股票代码：NVDA）公布备受期待的第二季度财报之前发生的，该公司是今年科技和人工智能所有方面的晴雨表。英伟达股价周二收盘上涨1.46％。
See More: Best Cryptocurrency Scanners
查看更多：最佳加密货币扫描仪
Analyst Notes: Popular analytics firm Santiment linked the cryptocurrency market's latest retrace to extreme funding rates on derivatives exchanges like dYdX.
分析师备注：受欢迎的分析公司Santiment将加密货币市场的最新回调与dYdX等衍生品交易所的极端融资利率联系起来。
The firm drew attention to the spike in over-leveraged long bets on Aug. 25, after which the market started to trend downwards.
该公司提请注意8月25日过度杠杆的多头押注激增，此后市场开始呈下降趋势。
Crypto's latest retrace is coming after longs were pouring in on exchanges like @dYdX at the highest rate since Bitcoin's All-Time High craze in March. Greed suddenly came pouring in on August 25th, and liquidations happened swiftly. When funding rates get extreme in either... pic.twitter.com/siXhAI46VQ
— Santiment (@santimentfeed) August 27, 2024
加密货币的最新回调是在像 @dYdX 这样的交易所以自3月份比特币创下历史新高热潮以来的最高速度涌入多头之后进行的。8月25日，贪婪突然涌入，清算很快就发生了。当两者的融资利率变得极端时... pic.twitter.com/sixhai46VQ
— Santiment (@santimentfeed) 2024 年 8 月 27 日
"When funding rates get extreme in either direction, they are always prone to get liquidated and shoot markets in the opposite direction," the research firm added. It also urged investors to wait until funding rates cool down before turning optimistic again.
该研究公司补充说：“当资金利率在两个方向上都变得极端时，它们总是容易被清算，并朝相反的方向冲击市场。”它还敦促投资者等到融资利率降温后再变得乐观。
Widely-followed cryptocurrency analyst Rekt Capital interpreted Bitcoin's move as a post-breakout retest of the downtrending channel.
广受关注的加密货币分析师Rekt Capital将比特币的举动解释为突破后对下降趋势通道的重新测试。
"Successful retest of the top of the channel would fully confirm the breakout and precede upside continuation," the analyst stated.
该分析师表示：“成功重新测试通道顶部将完全证实突破，并在继续上行之前。”
#BTC
— Rekt Capital (@rektcapital) August 27, 2024
Imagine if this is a post-breakout retest of the Downtrending Channel
Successful retest of the top of the Channel would fully confirm the breakout and precede upside continuation$BTC #Crypto #Bitcoin pic.twitter.com/UjDKcIRdkv
#BTC
— Rekt Capital (@rektcapital) 2024 年 8 月 27 日
想象一下这是否是对下降趋势通道的突破后重新测试
成功重新测试该频道顶部将完全证实突破并在继续上行之前$BTC #Crypto #Bitcoin pic.twitter.com/ujdkcirdkV
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