比特幣（BTC）市場面臨著一周的動蕩開端

加密貨幣市場面臨著一周的動蕩開端，比特幣（BTC）領導著廣泛的拋售，削減了7億美元的長位置，並發送了

The cryptocurrency market faced a turbulent start to the week, with Bitcoin (BTC) leading a broad sell-off that wiped out $700 million in long positions and sent major altcoins like Dogecoin (DOGE) and Cardano (ADA) tumbling by as much as 7%.

加密貨幣市場面臨著一周的動蕩開端，比特幣（BTC）帶領了廣泛的拋售，銷售了7億美元的長位置，並派出了諸如Dogecoin（Doge）（Doge）和Cardano（Ada）（Ada）（Ada）的主要替代品，跌倒了多達7％。

The downturn, reported by CoinDesk on May 13, 2025, reflects a cooling of risk appetite among traders, driven by macroeconomic uncertainty and shifting capital flows. Here’s a deep dive into today’s market dynamics, price movements, and the forces shaping the crypto landscape.

Coindesk於2025年5月13日報導的衰退反映了貿易商中風險食慾的冷卻，這是由宏觀經濟不確定性和轉移資本流動的驅動。這深入了解了當今的市場動態，價格變動以及塑造加密貨幣景觀的力量。

Sell the news action hit bitcoin today, which pulled back below $102K after challenging $106K hours ago. Further underperformance could be in the cards as tariff worries disappear.https://t.co/tkDjsyxFNA— CoinDesk (@CoinDesk) May 12, 2025

出售新聞動作今天命中比特幣，在挑戰10.6萬美元之前，該幣在$ 102K以下。當關稅的擔憂消失時，進一步的表現可能會出現在卡片中。

Bitcoin Drops to $100k and Liquidation Cascade

比特幣降至1萬美元，清算級聯

Bitcoin BTC, the market’s bellwether, dropped 2% to hover around $101,000, erasing gains made earlier in the week when it briefly crossed $105,000. This pullback triggered a massive $700 million in long liquidations, as leveraged traders betting on higher prices were caught off guard.

市場的領頭羊比特幣BTC下降了2％，左右懸停在101,000美元左右，刪除了本週早些時候短暫超越105,000美元的收益。這種回調引發了7億美元的長期清算，因為槓桿交易員措手不及越來越措手不及。

Source: TradingView

資料來源：TradingView

Liquidations occur when exchanges forcibly close leveraged positions due to insufficient margin, often amplifying price swings in volatile markets like crypto. The largest single liquidation was a BTCUSDT futures trade on Bybit, valued at $11 million.

當由於利潤率不足而被強行交換的交換後，就會發生清算，這通常會在加密貨幣等波動市場中的價格波動增大。最大的單一清算是BYBIT的BTCUSDT期貨交易，價值1100萬美元。

Source: CoinGlass

資料來源：小店

The sell-off was partly attributed to profit-taking after Bitcoin’s recent rally, coupled with broader market caution. Posts on X highlighted a “soft” Asia trading session, with total market capitalization shedding $15.5 billion and capital flowing into stablecoins as investors sought safety. Other indicators including the Crypto Fear & Greed Index, a sentiment gauge, remains in “fear” territory, suggesting potential for a near-term bottom but also reflecting persistent unease.

在比特幣最近的集會以及更廣泛的市場謹慎之後，拋售部分歸因於獲利。 X上的帖子強調了一個“軟”亞洲交易會，總市值降低了155億美元，並且隨著投資者尋求安全的要求，資本流入了Stablecoins。其他指標包括加密恐懼和貪婪指數（一種情緒計）仍處於“恐懼”領域，這表明潛力是近期底部，但也反映了持續的不安。

Ethereum, XRP, and Solana Under Pressure

在壓力下以太坊，XRP和索拉納

Ethereum ETH fell 2.2%, trading near $2,450. The decline follows a 36% surge last week, optimistic about Ethereum's Pectra upgrade and a U.S.-UK trade deal. However, today's risk-off sentiment reversed those gains, with ETH futures contributing significantly to the liquidation tally.

以太坊ETH下跌2.2％，交易接近2,450美元。上週下降了36％的趨勢，對以太坊的Pectra升級和US-UK貿易協議感到樂觀。但是，當今的冒險情緒扭轉了這些收益，ETH期貨對清算統計的貢獻很大。

Read More: ETH Price Prediction After Pectra Upgrade in May

閱讀更多：五月Pectra升級後的ETH價格預測

Source: TradingView

資料來源：TradingView

XRP, often a darling of retail traders, gains 4%, trading at $2.5.

XRP通常是零售商人的寵兒，收益4％，交易價格為2.5美元。

Read More: Wellgistics Adopts $50M XRP: A Catalyst for Price Growth?

閱讀更多：Wellgistics採用5000萬美元的XRP：價格增長的催化劑？

Source: TradingView

資料來源：TradingView

Solana SOL, a high-performance blockchain token, also dropped 2.5%, trading at $170.

高性能區塊鏈令牌Solana Sol也下降了2.5％，交易價格為170美元。

Source: TradingView

資料來源：TradingView

Large-cap altcoins like DOGE and ADA led losses, each down 7%. DOGE, trading at $0.2, has struggled to maintain momentum despite speculation around a potential ETF and Elon Musk's influence.

大型山頂山幣（例如Doge和Ada）LED損失，分別下降了7％。儘管猜測潛在的ETF和Elon Musk的影響力，但Doge的交易價格為0.2美元，一直在努力保持動力。

Source: CoinGecko

資料來源：Coingecko

Macro Factors and Outlook

宏觀因素和前景

Today’s downturn aligns with macroeconomic headwinds, including uncertainty over Federal Reserve rate cuts and fears of stagflation. The CME FedWatch Tool indicates a 41.29% chance of a rate cut to 4.00%-4.25% by July, but traders remain wary of inflationary pressures from potential U.S. tariffs. Bitcoin’s role as a hedge against volatility continues to attract inflows into spot BTC ETFs, with BlackRock’s IBIT seeing $4.3 billion in monthly inflows.

當今的低迷與宏觀經濟的逆風相吻合，包括對降低美聯儲的不確定性和對停滯的恐懼。 CME FedWatch工具表明，到7月，稅率降至4.00％-4.25％的機會有41.29％，但交易員仍然對美國潛在關稅的通貨膨脹壓力保持警惕。比特幣作為對沖的對沖的作用繼續吸引流入的BTC ETF，貝萊德的IBIT每月流入43億美元。

Source: CME Group

資料來源：CME組

While the market remains in a “holding pattern,” as noted by CoinDesk, Bitcoin’s dominance at 59% suggests capital is consolidating into safer assets. For now, traders are eyeing key support levels—$96,000 for BTC, $2,300 for ETH, and $2.20 for XRP — as potential inflection points. With volatility likely to persist, cautious positioning and robust risk management are critical in navigating this dynamic market.

正如Coindesk所指出的那樣，儘管市場仍然處於“持有模式”，但比特幣的優勢為59％，表明資本正在整合到更安全的資產中。目前，交易者正在關注關鍵支持水平（BTC的96,000美元，ETH的2,300美元，XRP $ 2.20）作為潛在的拐點。隨著波動性可能會持續存在，謹慎的定位和穩健的風險管理對於導航這個動態市場至關重要。