比特幣（BTC）市場受到短暫糾正的打擊，清算掃除看漲勢頭

在幾個小時內，加密貨幣市場受到了短暫的修正。雖然比特幣似乎牢固地確定了100,000美元以上，但突然的逆轉使趨勢扭轉了

Within a few hours, the crypto market was hit by a brief correction. While bitcoin seemed firmly established above $100,000, a sudden reversal pushed the trend back up, and the bullish momentum was wiped out. Over $700 million in positions were liquidated, striking a blow to investors and pushing BTC below $101,000. This rapid and unexpected drop destabilized investors, once again confirming the vulnerability of a market where confidence can shift in an instant.

在幾個小時內，加密貨幣市場受到了短暫的修正。儘管比特幣似乎牢固地確定了100,000美元以上，但突然的逆轉將趨勢恢復了起來，看漲的動力被消滅了。清算了超過7億美元的職位，對投資者造成了打擊，並將BTC推向了101,000美元以下。這種快速而出乎意料的跌落破壞了投資者，再次證實了一個市場可以立即改變的市場脆弱性。

Cascade of Liquidations: Bitcoin Yields to Pressure

清算級聯：比特幣屈服於壓力

The crypto market experienced a brutal liquidation episode on the night of May 11, leading to a drop in the bitcoin price below the symbolic $101,000 mark. BTC traded within a range of $103,133 to $104,841 over 24 hours before succumbing to widespread selling pressure.

加密貨幣市場在5月11日晚上經歷了殘酷的清算事件，導致比特幣價格低於象徵性$ 101,000的標記。 BTC在24小時內屈服於銷售壓力，在24小時內交易了103,133美元至104,841美元。

According to CoinGlass data, “long positions alone accounted for $484.85 million in losses,” while short liquidations reached $214.86 million. This situation caused a rapid disintegration of long positions.

根據Coinglass數據，“僅長期職位就佔了4.8485億美元的損失”，而短量清算量達到2.1486億美元。這種情況導致長位置的迅速瓦解。

Such a movement caught many investors, who were optimistic after BTC returned above $100,000 for the first time since February.

這樣的運動吸引了許多投資者，他們在2月以來首次退還了100,000美元以上的票房後感到樂觀。

Ethereum was also affected, recording a 2.9% drop, with a current price of $2,449.24.

以太坊也受到影響，記錄了2.9％的下降，目前的價格為2,449.24美元。

This drop is partly explained by automatic liquidation mechanisms and high leverage exposure on derivative markets. Several technical factors amplified this correction :

自動清算機制和衍生品市場上的高槓桿暴露在某種程度上解釋了這種下降。幾個技術因素擴大了此更正：

This kind of episode illustrates the increased vulnerability of the crypto market, where cascading liquidations can erase billions of dollars in valuation within hours without any obvious true economic signal.

這種事件說明了加密市場的脆弱性增加，在該市場中，級聯清算可以在幾個小時內消除數十億美元的估值，而沒有任何明顯的真實經濟信號。

Selling Pressure : Between Technical Resistance and Signs of Fragility

銷售壓力：技術抵抗和脆弱跡象之間

Beyond the massive liquidations, the market’s technical configuration heightens concerns. The hourly bitcoin chart shows a clear decline, with a sharp fall from a local high of $105,706 to an intraday low of $100,764, before a slight rebound.

除了大規模清算之外，市場的技術配置還引起了人們的關注。每小時的比特幣圖表顯示出明顯的下降，從當地高點105,706美元下降到盤中低點100,764美元，然後略有籃板。

This movement signals a return of selling pressure, confirmed by the dominance of red volume bars in recent sessions. The largest isolated liquidation was recorded on Bybit, on the BTC/USD pair, for an amount of $11 million. Additionally, other cryptos were not spared, with $31.53 million in positions liquidated during the period.

這一運動標誌著銷售壓力的回歸，這是由於最近的會議中紅色體積條的主導地位所證實的。最大的孤立清算記錄在BTC/USD對的Bybit上，金額為1100萬美元。此外，其他加密貨幣尚未倖免，在此期間清算了3153萬美元的位置。

The $105,000 threshold now appears as a difficult resistance zone to overcome, limiting attempts at bullish recovery. This technical level, tested multiple times, has consistently generated pullbacks, highlighting a lack of conviction among buyers.

現在，$ 105,000的門檻似乎是一個難以克服的艱難阻力區，限制了看漲恢復的嘗試。經過多次測試的技術水平一直產生回調，突出了買家之間缺乏信念。

In the absence of a strong catalyst, this resistance acts as a psychological and operational ceiling, capable of blocking any sustained upward momentum. Volume analysis shows that every attempt to break through has been thwarted by intensified selling, reinforcing the hypothesis of a crypto market in the short term dominated by sellers.

在沒有強大的催化劑的情況下，這種抗性充當了心理和操作的天花板，能夠阻止任何持續的向上動力。數量分析表明，每次突破的嘗試都受到加強銷售的挫敗，從而在賣方主導的短期內加強了加密市場的假設。