加密鲸鱼因以太坊杠杆崩溃损失 450 万美元

加密货币鲸鱼在两次尝试利用其在以太坊（ETH）上的多头头寸后损失了超过 450 万美元，随着价格下跌，不得不偿还去中心化协议上的债务。在从Compound上借出USDT贷款后，鲸鱼首先损失了约50万美元，后来不得不偿还用于购买更多ETH的资金。然后，他们从币安提取资金，将 ETH 存入该协议，并用该协议借入 USDT 并购买更多 ETH，但最终出售了其在币安上持有的全部 10,701 ETH 以偿还所产生的债务，导致额外损失超过 4 美元百万。

Cryptocurrency Whale Loses $4.5 Million in Failed Ethereum Leverage Attempt

加密货币鲸鱼因以太坊杠杆尝试失败而损失 450 万美元

New York, April 16, 2024 - A prominent cryptocurrency investor, known as a "whale" due to their substantial holdings, has incurred significant losses totaling over $4.5 million following two failed attempts to leverage their position in Ethereum (ETH), the second-largest cryptocurrency by market capitalization.

纽约，2024 年 4 月 16 日 - 一位因持有大量股份而被称为“鲸鱼”的著名​​加密货币投资者，在两次尝试利用以太坊 (ETH) 头寸失败后，遭受了总计超过 450 万美元的重大损失，这是第二次 -按市值计算最大的加密货币。

According to an in-depth analysis conducted by blockchain data analytics firm Lookonchain, the whale's misfortunes began when they sought to amplify their exposure to ETH by borrowing against their existing position. This strategy, known as leveraging, is often employed by traders to increase their potential returns but also carries inherent risks.

根据区块链数据分析公司 Lookonchain 进行的深入分析，鲸鱼的不幸始于他们试图通过以现有头寸为抵押进行借贷来扩大其对 ETH 的敞口。这种策略称为杠杆，交易者经常采用这种策略来增加潜在回报，但也带来了固有的风险。

The whale initially borrowed USDT, a stablecoin pegged to the value of the US dollar, from Compound, a leading decentralized lending protocol. Using the borrowed USDT, they purchased additional ETH, essentially increasing their holdings without putting up additional capital. However, as the price of ETH declined, the value of their collateral (the original ETH they borrowed against) decreased. This triggered a margin call, forcing the whale to repay their USDT loan.

鲸鱼最初从领先的去中心化借贷协议Compound借用了USDT，这是一种与美元价值挂钩的稳定币。他们使用借来的 USDT 购买了额外的 ETH，本质上是在不投入额外资本的情况下增加了其持有量。然而，随着 ETH 价格的下跌，他们的抵押品（他们借入的原始 ETH）的价值也随之下降。这引发了追加保证金通知，迫使鲸鱼偿还 USDT 贷款。

Undeterred, the whale made a second attempt to leverage their position by withdrawing ETH from the prominent cryptocurrency exchange Binance and depositing it onto Compound. This time, they again borrowed USDT and used it to buy more ETH. However, their strategy proved ill-fated once more. As the price of ETH continued to drop, the whale's collateral fell below the required minimum, leading to another margin call.

但鲸鱼并没有被吓倒，他们第二次尝试利用自己的头寸，从著名的加密货币交易所币安 (Binance) 提取 ETH 并将其存入Compound。这一次，他们再次借了 USDT 并用它购买了更多的 ETH。然而，他们的策略再次被证明是不幸的。随着 ETH 价格持续下跌，鲸鱼的抵押品跌破了最低要求，导致再次追加保证金。

In a last-ditch effort to cover their massive debt, the whale was forced to liquidate their entire ETH holdings, amounting to 10,701 ETH (valued at approximately $33 million at the time). This final move resulted in an additional loss of over $4 million.

为了偿还巨额债务，鲸鱼被迫清算其持有的全部 ETH，总计 10,701 ETH（当时价值约 3300 万美元）。最后的举措导致额外损失超过 400 万美元。

"The whale's failed leverage attempts serve as a stark reminder of the risks associated with this high-risk trading strategy," said a spokesperson for Lookonchain. "Especially in volatile markets, such as we have witnessed recently, leveraging can quickly turn catastrophic."

Lookonchain 的发言人表示：“鲸鱼杠杆尝试的失败清楚地提醒我们，这种高风险交易策略存在风险。” “特别是在波动的市场中，就像我们最近所看到的那样，杠杆作用可能很快就会变成灾难性的。”

Compound employs an over-collateralized lending system, meaning borrowers must pledge collateral with a value exceeding the amount of their loan. However, the volatile nature of cryptocurrency prices means that loans can easily become under-collateralized, triggering liquidations.

复合采用超额抵押贷款系统，这意味着借款人必须抵押价值超过贷款金额的抵押品。然而，加密货币价格的波动性意味着贷款很容易出现抵押不足，从而引发清算。

The price of Ethereum has declined by more than 14% in the past week, mirroring a broader market downturn. Tensions in the Middle East, including drone and missile attacks by Iran on Israel, have contributed to the market volatility. At the time of writing, Ethereum is trading at around $3,000 per token, down from a recent high of $4,000 but still up over 44% since last year.

过去一周，以太坊的价格下跌了 14% 以上，反映出更广泛的市场低迷。中东紧张局势，包括伊朗对以色列的无人机和导弹袭击，加剧了市场波动。截至撰写本文时，以太坊的交易价格约为每枚 3,000 美元，低于近期高点 4,000 美元，但自去年以来仍上涨超过 44%。

The whale's significant losses highlight the inherent risks associated with leveraged trading in the cryptocurrency market. Investors should carefully consider their risk tolerance and employ prudent trading strategies to avoid similar pitfalls.

鲸鱼的重大损失凸显了加密货币市场杠杆交易的固有风险。投资者应仔细考虑自己的风险承受能力，采取审慎的交易策略，以避免类似的陷阱。