諸如Dogecoin（Doge），Cardano（ADA）和Solana（Sol）等主要令牌的下降幅度超過5％

隨著交易員搬走一些利潤，諸如Dogecoin（Doge），Cardano（ADA）和Solana（Sol）等主要令牌均下滑了5％以上

Major tokens such as dogecoin (DOGE), cardano (ADA), and solana (SOL) slipped more than 5% in the past 24 hours as traders moved to lock in some profits after a strong week-long rally.

在過去的24小時內，諸如Dogecoin（Doge），Cardano（Ada）和Solana（Sol）之類的主要代幣在過去的24小時內下滑了5％以上，因為交易者在長達一周的一次集會後鎖定了一些利潤。

The broader crypto market surged alongside risk assets last week, fueled by macroeconomic tailwinds and renewed investor optimism, but signs are emerging that some overheated segments may be due for a pause.

宏觀經濟的後風和更新的投資者樂觀的推動力，更廣泛的加密貨幣市場與風險資產一起激增，但跡象表明一些過熱的細分市場可能會暫停。

“Bitcoin has been hovering around the $104,000 level for the sixth day, experiencing increased rotation,” FxPro’s Alex Kuptsikevich told CoinDesk in an email.

FXPRO的Alex Kuptsikevich在一封電子郵件中告訴Coindesk：“第六天的比特幣一直徘徊在第六天的104,000美元水平上。”

“This is quite expected behaviour as we approach the all-time highs of December and January, which served as turning points.”

“當我們接近12月和1月的歷史最高水平時，這是非常預期的行為，這是轉折點。”

“Ether is trading around $2615, having failed to consolidate above the $2700 mark, around which the 200-day moving average also passes. It is likely that after rallying 55% over the past seven days, the second-largest capitalised cryptocurrency will probably pause or start a correction with a potential target at $2400,” Kuptsikevich warned.

“以太幣的交易價格約為2615美元，未能鞏固超過2700美元的成績，而200天的移動平均值也通過了。在過去的七天中，在過去的七天中增加了55％後，第二大資本化的加密貨幣可能會暫停或以2400美元的價格糾正，”

Sentiment indicators also reflect growing exuberance, with the Crypto Fear & Greed Index touching 73, approaching levels typically associated with overheated conditions, as noted Tuesday.

情緒指標還反映了日益增長的旺盛，加密恐懼和貪婪的指數觸及73，正如周二所指出的那樣，通常與過熱條件相關的水平。

Earlier in the week, risk appetite surged after a combination of positive U.S. inflation data, strong earnings from China's tech sector, and a breakthrough U.S.–China trade agreement boosted global equity markets. Crypto followed, with bitcoin briefly topping $104,000 and ether climbing to $2,700 — before both ran into resistance.

在本週早些時候，在美國積極通貨膨脹數據，中國科技領域的豐厚收入以及美國 - 中國貿易協定的突破性增長的全球股票市場之後，風險偏好激增。緊隨其後的是，比特幣短暫高高104,000美元，以太幣攀升至2,700美元，然後才遇到阻力。

“China's tech sector earnings surged in the wake of the US-China trade deal announcement, leading investors to hope for increased investments and innovations like AI last year,” Haiyang Ru, Co-CEO of the HashKey Exchange Business Group, said in a Telegram message.

Hashkey Exchange Business Group的聯合首席執行官Haiyang Ru在一份Telegram信息中說：“在美國 - 中國貿易交易公告之後，中國的科技行業收入激增，這使投資者希望去年增加投資和創新。”

“Additionally, a monthly report revealed that US inflation was lower than expected, adding more fuel for a continued bull run in the markets,” Ru said.

Ru說：“此外，每月的報告顯示，美國的通貨膨脹率低於預期，為市場上繼續奔跑的燃料增加了更多的燃料。”

Still, institutional activity remains robust. Santiment data from earlier this week showed mid-sized bitcoin holders, or wallets with 10 to 10,000 BTC, had accumulated over 83,000 BTC in the past month.

儘管如此，機構活動仍然很強大。在本週早些時候的數據顯示，中型比特幣持有人或10至10,000 BTC的錢包在過去一個月中累積了超過83,000 BTC。

Meanwhile, Coinbase’s upcoming inclusion in the S&P 500 on May 19 is viewed as a short-term catalyst for the sector, with some analysts estimating passive fund demand for the stock could top $9 billion.

同時，Coinbase即將在5月19日將其納入標準普爾500指數被視為該行業的短期催化劑，一些分析師估計該股票的被動基金需求可能會超過90億美元。

“We believe there is further room for digital assets to rally, especially as Coinbase’s inclusion into the S&P 500 on 19 May draws closer,’ Singapore-based QCP Capital said in a Telegram broadcast late Wednesday.

“我們相信，數字資產還有更多的餘地，尤其是當Coinbase在5月19日將標準普爾500指數納入標準普爾500指數時，總部位於新加坡的QCP Capital在周三晚些時候的電報廣播中說。

“History tells us that index inclusion tends to act as a short-term catalyst, as passive managers adjust their allocations to track the benchmark more closely,” the fund noted.

該基金指出：“歷史告訴我們，隨著被動經理調整其分配以更仔細地跟踪基準，索引包容傾向於起到短期催化劑的作用。”