为什么比特币和加密货币市场今天崩溃：4 个原因

恐惧、不确定性和怀疑（FUD）震撼了全球加密货币市场，导致严重下滑。

The global crypto market is facing fear, uncertainty, and doubt (FUD), leading to a significant downturn. As traders woke up on August 5, they found the crypto market in a ‘bloodbath’ with top cryptocurrencies like Bitcoin and Ethereum taking massive hits. As a result, the total market value has crashed by a notable 13%, dropping below the $2 trillion mark to $1.85 trillion.

全球加密货币市场正面临恐惧、不确定性和怀疑（FUD），导致严重下滑。当交易员于 8 月 5 日醒来时，他们发现加密市场正处于一场“大屠杀”中，比特币和以太坊等顶级加密货币遭受了巨大打击。结果，总市值大幅下跌 13%，跌破 2 万亿美元大关，降至 1.85 万亿美元。

The latest data has sent shockwaves through the market as investors are indecisive on what to do next. The flagship cryptocurrency, BTC, has plummeted by more than 12% at the time of writing, now changing hands at $53k. Also, Ethereum has dropped far below $3k, now trading at $2,300. As the Bears are gaining momentum, investors are asking why Bitcoin and the crypto market crashed today. Let us have a look.

由于投资者对下一步该做什么犹豫不决，最新数据给市场带来了冲击。截至撰写本文时，旗舰加密货币 BTC 已暴跌超过 12%，目前易手价格为 5.3 万美元。此外，以太坊已跌至远低于 3000 美元，目前交易价格为 2,300 美元。随着空头势头增强，投资者开始询问为什么比特币和加密货币市场今天崩溃了。让我们来看看吧。

Four Reasons Why the Crypto Market is Down Today

今天加密货币市场下跌的四个原因

Bitcoin and Ethereum ETF Negative Inflows

比特币和以太坊 ETF 负流入

One of the major reasons for the current downtrend witnessed in the crypto market at this time is the significant negative flows of both the Bitcoin and Ethereum exchange-traded fund (ETF). As of the last Soso Value data update on August 2, BTC saw a daily total net inflows of negative $237.45 million. Meanwhile, Ethereum’s value rested at a negative $54.27 million.

目前加密货币市场下跌的主要原因之一是比特币和以太坊交易所交易基金（ETF）的大幅负流。截至 8 月 2 日最新 Soso Value 数据更新，BTC 每日净流入总额为负 2.3745 亿美元。与此同时，以太坊的价值为负 5427 万美元。

Notably, for BTC ETF, Fidelity’s FBTC fund recorded the largest outflows with $104.10 million. Ark’s ARKBa and Grayscale’s GBTC came in second and third with $87.68 million and $45.95 million respectively. The outflow values crushed the inflows which saw BlackRock’s IBIT fund record the largest inflow with $42.81 million.

值得注意的是，就 BTC ETF 而言，富达 (Fidelity) 的 FBTC 基金流出量最大，达 1.0410 亿美元。方舟的 ARKBa 和 Grayscale 的 GBTC 分别以 8768 万美元和 4595 万美元排名第二和第三。流出金额压倒了流入金额，贝莱德的 IBIT 基金以 4,281 万美元创下最大流入记录。

For ETH ETF, Grayscale’s ETHE saw $61.43 million in outflows on the same date while Fidelity’s FETH recorded the highest inflow with just $6.02 million. Comparing these data, the significant outflows have struck a disastrous blow to the market.

对于 ETH ETF，Grayscale 的 ETHE 同日流出 6143 万美元，而 Fidelity 的 FETH 录得最高流入量，仅为 602 万美元。对比这些数据，大量的资金外流对市场造成了灾难性的打击。

Mt. Gox Bitcoin Repayments

Mt. Gox 比特币还款

Another reason for the recent crypto market crash is the Mt. Gox Bitcoin repayment activity. Before the start of the scheduled creditor repayments, market participants expressed their worries about the potential effect it would have on the broader market. Investors speculated that the creditors, who have waited a decade for their funds, will start a selling spree once the funds hit their wallets.

最近加密货币市场崩盘的另一个原因是 Mt. Gox 的比特币还款活动。在债权人按计划还款开始之前，市场参与者表达了对其对更广泛市场产生潜在影响的担忧。投资者猜测，等了十年资金的债权人一旦资金入账，就会开始疯狂抛售。

Some analysts even predicted that the price of BTC might fall as low as $45,000 in the coming months as a result of the speculated selloff. Even though BTC’s price showed some form of resilience, it may seem that the prediction is materializing.

一些分析师甚至预测，由于猜测的抛售，未来几个月 BTC 的价格可能会跌至 45,000 美元。尽管比特币的价格表现出某种形式的弹性，但这一预测似乎正在成为现实。

Last week, the defunct crypto exchange sent billions of Bitcoins to designated crypto exchanges for redistribution to its rehabilitation creditors. Following this, creditors who received their pay quickly cashed out by selling on the open market, thus, increasing the selling pressure on the coin.

上周，这家已解散的加密货币交易所将数十亿比特币发送到指定的加密货币交易所，以重新分配给其恢复债权人。此后，收到付款的债权人迅速在公开市场上抛售套现，从而增加了代币的抛售压力。

At press time, Mt. Gox still holds 46.164k BTC, valued at approximately $2.45 billion to be repaid to its creditors.

截至发稿时，Mt.Gox 仍持有 4616.4 万枚 BTC，价值约 24.5 亿美元，需要偿还给债权人。

Rate Cut Delay by the FOMC

联邦公开市场委员会 (FOMC) 延迟降息

Before the last Federal Open Market Committee (FOMC) meeting which happened on July 31, the crypto market enjoyed a notable uptrend triggered by the expectation of a rate cut by the Fed. However, during the conference, the Federal Reserve kept the interest rate at 5.25% – 5.5%, teasing a possible rate cut in September.

在 7 月 31 日联邦公开市场委员会 (FOMC) 上次会议之前，由于美联储降息预期，加密货币市场出现了明显的上涨趋势。然而，在会议期间，美联储将利率维持在5.25%至5.5%，并暗示9月份可能降息。

Consequently, the excitement faded across the crypto market which catalyzed a bearish turn. Bitcoin critic Peter Schiff also made a comment pointing out that the Fed rate cut might not revive the economy, instead, it will increase inflation.

因此，整个加密货币市场的兴奋感逐渐消退，从而引发了看跌。比特币评论家Peter Schiff也发表评论指出，美联储降息可能不会重振经济，反而会加剧通胀。

Massive Bitcoin Liquidation

大规模比特币清算

Over the weekend, the crypto market experienced massive long liquidations. According to Coinglass data, Bitcoin saw over $241.07 million liquidated, which represents about 90% of the total market liquidation. This has increased the pressure on the crypto market as the coin now trades at its monthly lowest. Also, the Bitcoin Open Interest has declined by 16.26% in the last 24 hours.

周末，加密货币市场经历了大规模的多头清算。根据 Coinglass 的数据，比特币的清算金额超过 2.4107 亿美元，约占市场清算总额的 90%。这增加了加密货币市场的压力，因为加密货币目前的交易价格处于月度最低水平。此外，比特币持仓量在过去 24 小时内下降了 16.26%。