比特币（BTC）市场面临着一周的动荡开端

加密货币市场面临着一周的动荡开端，比特币（BTC）领导着广泛的抛售，削减了7亿美元的长位置，并发送了

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%.

加密货币市场面临着一周的动荡开端，比特币（BTC）带领了广泛的抛售，销售了7亿美元的长位置，并派出了诸如Dogecoin（Doge）（Doge）和Cardano（Ada）（Ada）（Ada）的主要替代品，跌倒了多达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于2025年5月13日报道的衰退反映了贸易商中风险食欲的冷却，这是由宏观经济不确定性和转移资本流动的驱动。这深入了解了当今的市场动态，价格变动以及塑造加密货币景观的力量。

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

出售新闻动作今天命中比特币，在挑战10.6万美元之前，该币在$ 102K以下。当关税的担忧消失时，进一步的表现可能会出现在卡片中。

Bitcoin Drops to $100k and Liquidation Cascade

比特币降至1万美元，清算级联

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.

市场的领头羊比特币BTC下降了2％，左右悬停在101,000美元左右，删除了本周早些时候短暂超越105,000美元的收益。这种回调引发了7亿美元的长期清算，因为杠杆交易员措手不及越来越措手不及。

Source: TradingView

资料来源：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.

当由于利润率不足而被强行交换的交换后，就会发生清算，这通常会在加密货币等波动市场中的价格波动增大。最大的单一清算是BYBIT的BTCUSDT期货交易，价值1100万美元。

Source: CoinGlass

资料来源：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.

在比特币最近的集会以及更广泛的市场谨慎之后，抛售部分归因于获利。 X上的帖子强调了一个“软”亚洲交易会，总市值降低了155亿美元，并且随着投资者寻求安全的要求，资本流入了Stablecoins。其他指标包括加密恐惧和贪婪指数（一种情绪计）仍处于“恐惧”领域，这表明潜力是近期底部，但也反映了持续的不安。

Ethereum, XRP, and Solana Under Pressure

在压力下以太坊，XRP和索拉纳

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。上周下降了36％的趋势，对以太坊的Pectra升级和US-UK贸易协议感到乐观。但是，当今的冒险情绪扭转了这些收益，ETH期货对清算统计的贡献很大。

Read More: ETH Price Prediction After Pectra Upgrade in May

阅读更多：五月Pectra升级后的ETH价格预测

Source: TradingView

资料来源：TradingView

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

XRP通常是零售商人的宠儿，收益4％，交易价格为2.5美元。

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

阅读更多：Wellgistics采用5000万美元的XRP：价格增长的催化剂？

Source: TradingView

资料来源：TradingView

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

高性能区块链令牌Solana Sol也下降了2.5％，交易价格为170美元。

Source: TradingView

资料来源：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.

大型山顶山币（例如Doge和Ada）LED损失，分别下降了7％。尽管猜测潜在的ETF和Elon Musk的影响力，但Doge的交易价格为0.2美元，一直在努力保持动力。

Source: CoinGecko

资料来源：Coingecko

Macro Factors and Outlook

宏观因素和前景

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.

当今的低迷与宏观经济的逆风相吻合，包括对降低美联储的不确定性和对停滞的恐惧。 CME FedWatch工具表明，到7月，税率降至4.00％-4.25％的机会有41.29％，但交易员仍然对美国潜在关税的通货膨胀压力保持警惕。比特币作为对冲的对冲的作用继续吸引流入的BTC ETF，贝莱德的IBIT每月流入43亿美元。

Source: CME Group

资料来源：CME组

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所指出的那样，尽管市场仍然处于“持有模式”，但比特币的优势为59％，表明资本正在整合到更安全的资产中。目前，交易者正在关注关键支持水平（BTC的96,000美元，ETH的2,300美元，XRP $ 2.20）作为潜在的拐点。随着波动性可能会持续存在，谨慎的定位和稳健的风险管理对于导航这个动态市场至关重要。