比特币最近的暴跌提醒人们加密货币的脆弱性

随着比特币在过去 12 个月里上涨 20%，Jason Derulo 在 TikTok 上推销毫无价值的模因币，感觉我们又回到了 2021 年

Bitcoin (BTC) slid on Monday after Mt. Gox, the defunct cryptocurrency exchange, announced it is beginning the process of repaying clients whose assets were pilfered in a huge crypto hack nearly a decade ago.

已解散的加密货币交易所 Mt. Gox 宣布开始偿还近十年前在一次大规模加密黑客攻击中资产被盗的客户，比特币 (BTC) 周一下跌。

Bitcoin fell tk% on Monday afternoon after the news broke. The payments will start in July and be made in bitcoin and bitcoin cash, according to a statement posted on Mt. Gox's website.

消息传出后，周一下午比特币下跌了%。根据 Mt. Gox 网站上发布的声明，付款将于 7 月开始，以比特币和比特币现金的形式进行。

740,000 bitcoins, or an estimated $15 billion worth of bitcoin at today's prices, were stolen from Mt. Gox users in 2014. The repayment process will put selling pressure on bitcoin, not only because of the massive amount of bitcoin re-entering the market but also due to the fact that customers will be receiving their bitcoin at far higher prices than when they bought them. That makes it more likely they will sell, according to an April report from K33 Research.

2014 年，Mt. Gox 用户的 740,000 枚比特币（按今天的价格估计价值 150 亿美元）被盗。偿还过程将给比特币带来抛售压力，不仅因为大量比特币重新进入市场，而且因为另一个原因是客户将以远高于购买时价格的价格收到比特币。根据 K33 Research 4 月份的一份报告，这使得他们更有可能出售。

Bitcoin's price sank to its lowest since mid-May when the news of the repayment process broke this morning, punctuating the selloff that has driven the digital asset down tk% over the past month. Ethereum tanked with its older sibling, falling tk% by the end of the day Monday.

比特币的价格跌至 5 月中旬以来的最低点，当时还款过程的消息传出，这加剧了过去一个月导致数字资产下跌 tk% 的抛售。以太坊与其老兄弟一起下跌，到周一收盘时下跌了 tk%。

Crypto gained momentum when the Securities and Exchange Commission approved ten novel spot bitcoin exchange traded (ETF) funds in mid-January, a watershed win for the crypto industry.

当美国证券交易委员会在一月中旬批准十只新型现货比特币交易所交易（ETF）基金时，加密货币获得了动力，这是加密货币行业的一个分水岭胜利。

Firms had been vying to launch this kind of ETF, which is backed by actual bitcoin as opposed to bitcoin futures contracts, for a decade ever since the Winklevoss twins (yes, those guys) first applied for one in 2013.

自从 Winklevoss 双胞胎（是的，就是那些家伙）在 2013 年首次申请 ETF 以来，十年来各公司一直在竞相推出这种 ETF，这种 ETF 由实际比特币而不是比特币期货合约支持。

Another victory came last month when the SEC, in a shocking twist, approved spot ethereum ETFs after analysts and industry watchers assumed they would deny the vehicles. Yet unlike when the spot bitcoin ETFs were approved, ethereum ETFs haven't hit the market yet.

上个月，美国证券交易委员会又取得了另一场胜利，在分析师和行业观察人士认为他们会拒绝以太坊 ETF 的情况下，美国证券交易委员会以令人震惊的方式批准了以太坊 ETF 现货。然而，与现货比特币 ETF 获批时不同的是，以太坊 ETF 尚未上市。

The latest selloff is a reminder that it can be a double-edged sword to trade on momentum. It's important to keep in mind that volatility is the norm, not the outlier, when it comes to investing in crypto, and while the ETFs provide investors with more security for their holdings, they don't cushion the downside risk that comes with big swings in bitcoin's price.

最近的抛售提醒人们，利用势头进行交易可能是一把双刃剑。重要的是要记住，在投资加密货币时，波动性是常态，而不是异常值，虽然 ETF 为投资者的持股提供了更多安全性，但它们并不能缓冲大幅波动带来的下行风险在比特币的价格中。

So while you definitely shouldn't buy Jason Derulo's meme coin, even blue chip cryptocurrencies aren't for the faint of heart.

因此，虽然你绝对不应该购买 Jason Derulo 的模因币，但即使是蓝筹加密货币也不适合胆小的人。