特朗普新的“解放日”关税的以太坊（ETH）市场卷轴

随着特朗普新的“解放日”关税和突然流动性紧缩的全球市场卷起，加密货币市场正在经历其最严重的缩减之一

As global markets reel from Trump’s new “Liberation Day” tariffs and a sudden liquidity crunch, the crypto market is undergoing one of its most severe drawdowns since 2020. While Bitcoin has managed to hold relatively better ground, Ethereum is facing sharper losses. This has raised questions about why ETH is bleeding more than BTC in this downturn.

随着特朗普新的“解放日”关税和突然流动性紧缩的全球市场卷起，加密货币市场自2020年以来最严重的缩减之一。尽管比特币设法保持了相对更好的地面，但以太坊却面临较尖锐的损失。这引发了关于为什么ETH在这一低迷中流血更多的问题的问题。

According to a recent report by Capital Flows, the ETH market saw capital inflows of +15.5B/month at its peak but is now experiencing outflows of -$6B/month. In contrast, the BTC market’s inflows have slowed but are still positive at +6B/Month.

根据Capital Flow的最新报告，ETH市场的资本流入率为 +15.5b/月，但现在的流出量为-6B $ 6B。相比之下，BTC市场的流入减慢，但仍为 +6b/月的阳性。

The BTC vs ETH Realised Cap chart shows that since late 2022, Etheruem’s realised cap grew by only +32%, form $183B to $244B. However, the realised cap of Bitcoin during the period surged by at least +117%, from $402B to $870B.

BTC vs ETH实现了上限图显示，自2022年底以来，Etheruem的实现上限仅增长​​了 +32％，形式为$ 183B至$ 244B。但是，在此期间，已实现的比特币上限至少 +117％，从$ 402B到$ 870B。

This means that BTC has attracted much more investor demand than Ethereum in this cycle.

这意味着在这个周期中，BTC吸引了比以太坊更多的投资者需求。

According to the BTC vs ETH MVRV chart, the MVRV ratio of ETH has declined below 1.0, and the same ratio of BTC has stayed above 1.0. The MVRV ratio is the ratio between the market value of a crypto-asset and its realised value.

根据BTC与ETH MVRV图表，ETH的MVRV比率下降到1.0以下，而BTC的相同比率保持在1.0以上。 MVRV比是加密资产的市场价值与其实现价值之间的比率。

This chart indicates that average ETH holders are now at a loss, but BTC holders still have paper profits. Investors in loss are more likely to sell. This explains increasing selling pressure in the Ethereum market.

该图表表明，平均ETH持有人现在有所亏损，但BTC持有人仍然有纸质利润。损失投资者更有可能出售。这解释了以太坊市场的销售压力增加。

The report further adds that Bitcoin holders have had higher average profit than ETH holders for 812 consecutive days. This long-term underperformance adds to the weaker sentiment around ETH.

该报告进一步补充说，比特币持有人连续812天的平均利润高于ETH持有人。这种长期表现不佳增加了ETH周围的弱点。

Since September 2022, the ETH/BTC pair has dropped at least 75%. At the start of this month, the Ethereum/Bitcoin pair was at 0.02207. Since then, the market has slipped by over 11.46%.

自2022年9月以来，ETH/BTC对下降了至少75％。在本月初，以太坊/比特币对为0.02207。从那以后，市场下跌了11.46％。

This also shows that Etherem is severely underperforming compared to Bitcoin.

这也表明，与比特币相比，Etherem的表现严重不足。

According to the latest report from Capital Flows, ETH investors locked in $564M in realised losses, compared to $240M for BTC during the latest sell-off.

根据资本流量的最新报告，ETH投资者锁定了5.64亿美元的已实现损失，而最新抛售期间，BTC为2.4亿美元。

Notably, in the past bull markets, ETH would occasionally outperform BTC, This cycle =m that has not happened.

值得注意的是，在过去的牛市中，ETH偶尔会胜过BTC，这个周期= M尚未发生。

In conclusion, with investor sentiment weakening and capital flows drying up, Etheruem’s underperformance may continue unless strong bullish momentum returns.

总之，随着投资者的情绪减弱和资本流动枯竭，除非稳健的看涨势头回报，否则Etheruem的表现不佳。

Never Miss a Beat in the Crypto World!

永远不要错过加密世界中的节拍！

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

在Breaking News，专家分析以及对比特币，Altcoins，Defi，NFTS等最新趋势的实时更新中保持领先地位。

FAQs

常见问题解答

While Ethereum is trusted for its stout fundamentals, Bitcoin continues to dominate with its widespread adoptions.

尽管以太坊因其粗壮的基本面而受到信任，但比特币继续以广泛的收养为主。

As per our Ethereum price prediction 2025, the ETH price could reach a maximum of $5,925.

根据我们的以太坊价格预测2025，ETH价格最高可达到5,925美元。

As per our latest ETH price analysis, Ethereum could reach a maximum price of $123,678.

根据我们最新的ETH价格分析，以太坊的最高价格为123,678美元。

By 2050, a single Ethereum price could go as high as $255,282.

到2050年，一个以太坊的价格可能高达255,282美元。