比特币（BTC）市场受到短暂纠正的打击，清算扫除看涨势头

在几个小时内，加密货币市场受到了短暂的修正。虽然比特币似乎牢固地确定了100,000美元以上，但突然的逆转使趋势扭转了

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.

在几个小时内，加密货币市场受到了短暂的修正。尽管比特币似乎牢固地确定了100,000美元以上，但突然的逆转将趋势恢复了起来，看涨的动力被消灭了。清算了超过7亿美元的职位，对投资者造成了打击，并将BTC推向了101,000美元以下。这种快速而出乎意料的跌落破坏了投资者，再次证实了一个市场可以立即改变的市场脆弱性。

Cascade of Liquidations: Bitcoin Yields to Pressure

清算级联：比特币屈服于压力

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.

加密货币市场在5月11日晚上经历了残酷的清算事件，导致比特币价格低于象征性$ 101,000的标记。 BTC在24小时内屈服于销售压力，在24小时内交易了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.

根据Coinglass数据，“仅长期职位就占了4.8485亿美元的损失”，而短量清算量达到2.1486亿美元。这种情况导致长位置的迅速瓦解。

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

这样的运动吸引了许多投资者，他们在2月以来首次退还了100,000美元以上的票房后感到乐观。

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

以太坊也受到影响，记录了2.9％的下降，目前的价格为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 :

自动清算机制和衍生品市场上的高杠杆暴露在某种程度上解释了这种下降。几个技术因素扩大了此更正：

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.

这种事件说明了加密市场的脆弱性增加，在该市场中，级联清算可以在几个小时内消除数十亿美元的估值，而没有任何明显的真实经济信号。

Selling Pressure : Between Technical Resistance and Signs of Fragility

销售压力：技术抵抗和脆弱迹象之间

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.

除了大规模清算之外，市场的技术配置还引起了人们的关注。每小时的比特币图表显示出明显的下降，从当地高点105,706美元下降到盘中低点100,764美元，然后略有篮板。

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.

这一运动标志着销售压力的回归，这是由于最近的会议中红色体积条的主导地位所证实的。最大的孤立清算记录在BTC/USD对的Bybit上，金额为1100万美元。此外，其他加密货币尚未幸免，在此期间清算了3153万美元的位置。

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.

现在，$ 105,000的门槛似乎是一个难以克服的艰难阻力区，限制了看涨恢复的尝试。经过多次测试的技术水平一直产生回调，突出了买家之间缺乏信念。

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.

在没有强大的催化剂的情况下，这种抗性充当了心理和操作的天花板，能够阻止任何持续的向上动力。数量分析表明，每次突破的尝试都受到加强销售的挫败，从而在卖方主导的短期内加强了加密市场的假设。