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
The cryptocurrency market dramatically plunged Tuesday evening, triggering a sharp wave of liquidations.
週二晚上，數字貨幣市場出現大幅暴跌，引發了激烈的清算浪潮。
| 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 |
| 數字貨幣 | 收益 +/- | 價格 (記錄於東部夏令時間下午8:30) |
| 比特幣 (CRYPTO: BTC) | -5.79% | 59,378.14美元。 |
| 以太幣 (CRYPTO: ETH) |
-8.93% | ¥2,451.88 |
| 狗狗幣 (CRYPTO: DOGE) | -6.90% | ¥0.09873 |
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.
事件概要：比特幣下跌至低於59000美元，創下自8月19日以來的新低。此次暴跌是在當天的某一時刻比特幣漲至63000美元以上之後發生的。
Ethereum witnessed a steeper decline, plummeting to an intraday low of $2,400—a level last seen nearly three weeks ago.
以太幣的跌幅更大，一度跌至2400美元，這個價位是近三週以來的最低點。
Over $207 million was liquidated from the market in the last 4 hours, taking the 24-hour liquidations to $315 million.
過去4小時市場蒸發了超過20700萬美元，使24小時總蒸發額達到31500萬美元。
Nearly $283 million in leveraged longs was wiped out, the highest since the Aug. 5 market rout.
近2.83億美元的加槓桿多單被清零，這是8月5日市場暴跌以來的最高水平。
Bitcoin's Open Interest tumbled 7.68% in the last 24 hours, further reflecting the large-scale liquidation of longs.
比特幣的未平倉合約量在過去24小時內下降了7.68％，進一步反映了大規模多單的清算。
The Cryptocurrency Fear & Greed Index flashed "Fear" as of this writing, implying substantial selling pressure.
根據最新數據，數字貨幣的恐懼貪婪指數顯示「恐懼」，暗示着大量的賣壓。
Top Gainers (24-Hours)
漲幅榜（24小時）
| 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 |
| 數字貨幣 | 收益 +/- | 價格（美東時區下午8:30記錄） |
| Toncoin (TON) | +2.03% | $5.38 |
| 泰達幣黃金（XAUt） | +0.29% | $2.520.85 |
| UNUS SEO LEO（SEI） | +0.08% | $5.84 |
The global cryptocurrency market stood at $2.07 trillion, collapsing 5.93% in the last 24 hours.
全球數字貨幣市場總市值爲2.07萬億美元，在過去24小時內下跌了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，股市週二收盤上漲。廣泛的指數標普500指數上漲了8.96點，或0.16%，收於5,625.80點。科技股爲主的納斯達克指數上漲了0.16%，報17,754.82點。道瓊斯工業指數上漲了0.02%，報17,754.82點，創下了連續第二個紀錄新高。
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.
在AI巨頭英偉達公司（納斯達克股票代碼：NVDA）備受期待的第二季度業績公佈之前，股市出現了反彈。週二，英偉達股價上漲了1.46%。
See More: Best Cryptocurrency Scanners
查看更多：最佳數字貨幣掃描器
Analyst Notes: Popular analytics firm Santiment linked the cryptocurrency market's latest retrace to extreme funding rates on derivatives exchanges like dYdX.
分析師的評論：受益於像dYdX這樣的衍生品交易所出現的極端融資利率，加密貨幣市場最近出現了回調。
The firm drew attention to the spike in over-leveraged long bets on Aug. 25, after which the market started to trend downwards.
該公司指出8月25日的過度槓桿空頭注入引起了市場的下跌趨勢。
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
數字貨幣市場最新的回調是在像@dYdX這樣的交易所大量增加多頭頭寸以來發生的。貪婪在8月25日突然湧入，然後發生了快速清算。當融資利率在兩個方向上變得極端時...
— 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.
「當資金費率在任何方向上變得極端時，它們總是易於被清算並引發市場朝相反方向運動，」研究機構補充道。它還敦促投資者在資金費率冷卻之前等待，然後再次變得樂觀。
Widely-followed cryptocurrency analyst Rekt Capital interpreted Bitcoin's move as a post-breakout retest of the downtrending channel.
廣爲關注的加密貨幣分析師Rekt Capital解釋了比特幣的走勢，認爲這是暴跌通道的後突破回測。
"Successful retest of the top of the channel would fully confirm the breakout and precede upside continuation," the analyst stated.
「通道頂部成功的回測將完全確認突破，並在上行延續之前出現，」分析師表示。
#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，如果這是下行通道的後突破回測。
通道頂部成功的回測將完全確認突破，並在上行延續之前出現$BTC #加密貨幣 #比特幣
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